DUBLIN, Dec. 15, 2014 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/ssrpv2/microgrid_market) has announced the addition of the "Microgrid Market by Type, Component, Technology, Consumer Pattern, Application, and Geography - Global Forecast to 2022" report to their offering.

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Microgrids are distributed, small-scale versions of the centralized conventional grid systems. A microgrid's distinctive feature is its ability, to separate and isolate itself from the utility grid (macrogrid) effortlessly with little or no disruption to the loads within the system and automatically reconnect as and when required.To provide tailored, efficient, and reliable energy services to 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 compared to the conventional macrogrid.

This small local nature has its own benefits, such as reliability, flexibility, and enhanced security. The key technology has been introduced to allow widespread adoption of microgrids. Apart from acting as a generation and distribution source like a conventional grid system, microgrids provide a useful platform to integrate renewable resources on the community level and allow for customer participation in the electricity network of microgrids.

The report analyzes the global microgrid market and presents detailed insights of the market by technology, by characteristic, by application, by consumption pattern and by geography. Besides, a detailed discussion on drivers, restraints and opportunities of the market are also presented. Further, it contains market size projections and analysis of trends with respect to the market. The technology segment for the global microgrid market includes segmentation- by component and by power technology.The application segment includes segmentation by campus/institutional, commercial, defense & military, and others. The consumption pattern segment includes segmentation by urban/metropolitan, semi-urban, and rural island. Similarly, the grid type market is segmented by grid connected, off-grid, and hybrid.

The geographic analysis contains an in-depth classification for North America, Europe, and APAC, which contains the major countries covering this market. Further, Brazil and South Africa have been classified under RoW. The report also contains drivers, restraints, opportunities, current market trends, winning imperatives, and burning issues of the global Microgrid market.

Worldwide revenue from deployments of microgrids is expected to grow to $25.28 billion by 2022, at a CAGR of 17.36% during 2014 to 2022. Additionally, the global microgrid capacity is expected to reach over 14.99 GW by 2022, growing at a CAGR of 16.80% from 2014-2022.The Campus/Institutional microgrid will be the key application area throughout the forecast period. The Off-grid microgrid is forecast to grow at the highest rate during the same period.

The contents of this report include discussion on key high growth markets, thereby marking the growth trend in the global Microgrid market. Additionally, the report also analyzes various markets across the value chain; a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro-markets and micro-markets with respect to North America, Europe, Asia-Pacific, and RoW.

Major players in the market include ABB Ltd. (Switzerland), Siemens AG (Germany), Lockheed Martin Corporation (U.S.), GE Electric (U.S.), Chevron energy (U.S.), and manymore.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market By Components and Power Technology

8 Market By Grid Types

9 Market By Consumption Pattern

10 Market By Application

11 Geographic Analysis

12 Competitive Landscape

13 Company Profile

14 Appendix

Companies Mentioned:

• ABB Ltd.
• Chevron Energy
• General Electric
• Lockheed Martin Corporation
• Microgrid Energy Llc
• Pareto Energy
• Power Analytics Corporation
• Siemens AG.
• Spirae Inc.
• Viridity Energy, Inc.

For more information visit http://www.researchandmarkets.com/research/ssrpv2/microgrid_market

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets