|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The global microgrid market reached a value of $5billion during 2012 and is expected to hit $27 billion by 2022 growing at a CAGR of over 17% from 2012-2022. Global installed capacity of microgrid has seen a staggering growth since 2011 and is forecast to grow at a CAGR of over 17% from 2012- 2022 to attain a total installed capacity of over 15GW by 2022.
To provide tailored, efficient, and reliable energy services to the end users, microgrid employs and integrates a wide range of distributed energy technologies such as generation, storage and advanced controls, metering and communications into a controlled system that manages energy generation, transmission, distribution, and usage on a small scale as compared to the conventional macrogrid.
Campus/Institutional microgrid is the largest microgrid by application and is forecast to grow at a CAGR of 18.83% from 2012-2022. Military and defense based microgrid and commercial microgrid is forecast to have almost same installed capacity by 2022. Off-grid microgrid continues growing at the highest CAGR for next 5-6 years, while hybrid microgrid market is expected to grow at the highest CAGR during 2012-2022.
This shift in growth is expected to happen once utility begin ramping up their microgrid facilities. Handfuls of utilities have already begun pilot projects including American Electric Power (AEP), Sacramento Municipal Utility District (SMUD), BC Hydro, and San Diego Gas & Electric (SDG&E).
RoI on microgrid varies across geographies and also depends on power generation sources. A fully developed microgrid with demand response management, on-site generation and storage, advanced controls and grid independence capabilities requires a longer payback period.
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during October. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.