DUBLIN, April 25, 2013 /PRNewswire/ --
Research and Markets has announced the addition of the "Microgrid in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020" report to their offering.
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Smart Grids: Microgrid Market Boom on the Way as Europe and Asia Catch-up to US
The global microgrid market is set for exceptional growth in the coming years, as Europe and Asia mimic the growth that has seen the US dominate the industry, states the latest report from research and consulting firm The authors.
According to Microgrid in Smart Grid, the global microgrid industry is anticipated to reach a value of US$18.9 billion in 2020 from a 2012 value of US$5.3 billion - demonstrating a Compound Annual Growth Rate (CAGR) of 17.2%.
Microgrids are integrated networks of power delivery systems consisting of a power generating system, storage systems, power electronics and load. They help to improve power quality, reliability, reduce carbon dioxide emissions and provide economic benefits to consumers and grid operators.
The market for microgrid technologies in Europe is currently in the introductory stage, but is expected to expand rapidly in the near future as the region updates an aging electricity infrastructure and integrates a higher share of renewable energy generation. From a 2012 value of US$710 million, European industry revenue is expected to grow exponentially during the forecast period, hitting US$5.3 billion by 2020.
The authors believes that the Asia-Pacific microgrid industry will be driven primarily by the need to increase electrification in remote locations across countries including China, India and Malaysia. Industry revenue in the region is forecast to reach US$5.7 billion by the end of the decade, from US$600 million in 2012, with China expected to maintain its market share of almost 40% over the eight year period.
The US - the dominant force in the global microgrids market last year, holding a 68% share - will display less impressive sector growth, states the report, but is still forecast to reach revenue of US$5.7 billion by 2020 from US$3.6 billion in 2012.
Scope
- Key geographies covered, the US, Canada, the UK, Germany, Netherland, China and India
- Market size data of global, regional and key microgrid markets
- Annualized market revenue data from 2011 to 2020
- Qualitative analysis of market drivers, restraints, government plan and policies,
- Cost benefit analysis of microgrid project.
- Technical Analysis includes includes technological study of microgrid components and their application
Key Topics Covered:
1 Tables & Figures
2 Introduction
3 Global Market for Microgrid
3.1 Annual Revenues, 2011-2020
3.2 Regional Segmentation of Market, 2011
3.3 Key Drivers, 2012-2020
3.4 Microgrid Market, Global, Key Barriers, 2012-2020
3.5 Microgrid Market, Global, Key Standards, 2011
3.6 Microgrid, Global, Key Applications, 2012
4 Microgrid Market, North America, 2011-2020
5 Microgrid Market, Europe, 2011-2020
6 Microgrid Market, Asia-Pacifc, 2011-2020
7 Microgrid Market, Rest of the World, 2011-2020
8 Microgrid Implementation Cost Analysis
9 Microgrid Technology
10 Vendor Landscape Analysis of Microgrid Players
11 Appendix
For more information visit Microgrid in Smart Grid - Market Size, Key Issues, Regulations and Outlook to 2020
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