FORT WORTH, Texas, June 3, 2015 /PRNewswire/ --
The Global Off-Grid Market was valued at $3,179.8 million in 2014 and is expected to reach $7,199.5 million by 2019, at a CAGR of 17.8% from 2014 to 2019.
Browse through the TOC of the Global Off-Grid Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentations in the market, and is supported by various tables and figures.
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With the growth in population and widespread industrialization, the demand for electricity is rapidly increasing. This has led to congestion and an additional stress which is being laid on traditional grid and power utilities. Moreover, network congestion is an aging infrastructure of most of the grids and utilities. Most of these centralized large scale grids were built after the World War-II, and are in an increasing need of an overhaul, while assuming that the life-span of a particular grid cannot exceed beyond 25 years.
This market is segmented and predicted on the basis of application, consumption pattern, and geography. This market, in terms of consumption pattern, comprises urban/metropolitan, semi-urban, and rural/island. It is further segmented into applications, which comprises defense & military, campus/institutional, commercial, and others.
This report includes market share and value chain analysis, along with market metrics, such as drivers and inhibitors. In addition, it presents a competitive landscape and company profiles of the key players in this market.
The Global Hybrid Grid Market was valued at $1,051.2 million in 2014 and is projected to reach $1,922.5 million by 2019 at a CAGR of 12.8% from 2014 to 2019. The market, by application was led by campus/institutional in 2014, with a share of 40.4%.
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