- Language: English
- 343 Pages
- Published: June 2012
- Region: Global
Global Microgrid Market 2010-2014
- Published: February 2012
- Region: Global
- 29 pages
- Infiniti Research Limited
TechNavio’s analysts forecast the Global Microgrid market to grow at a CAGR of 13.8 percent over the period 2010–2014. One of the key factors contributing to this market growth is the need for better power quality. The Global Microgrid market has also been witnessing an increase in governmental incentives. However, exposure of microgrid to cyber-based attacks could pose a challenge to the growth of this market.
TechNavio’s report, the Global Microgrid Market 2010–2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Microgrid market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Encorp LLC, Pareto Energy, Power Analytics Corporation, Viridity Energy, and General MicroGrids.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Government Incentives Encouraging Implementation of Micro Grids
TechNavio today published its report Global Microgrid Market 2010–2014. The report discusses the significant trends impacting the growth of this market.
TechNavio’s report highlights that poor power quality is scattered throughout various parts of the world, such as in the US, Asia, and in many European countries. Microgrids ensure better power quality supply by enabling connection of microgrids to the macrogrid, thus reducing the grid imbalances and reducing power supply intermittence problems. Power demand pattern is normally predicted by the power utilities on a daily basis. Inaccuracy in the prediction or unexpected increase in demand for power per day will lead to grid imbalances.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said, “Funds and incentives are being provided by governments of various regions, in order to encourage investment in the Global Microgrid market. For instance, the US Department of Defense has allocated US$5 million to start a microgrid pilot program. Similarly, Eaton Corp. has received US$2.4 million as a part of federal stimulus grant to develop microgrid systems to support military establishment. These incentives play an integral role in driving the growth of this market.”
Key findings from the report:
- Acceleration of Distributed Energy Resources and Rise in Power Demand
- Absence of Monitoring Standards
- Intensification of Distributed Energy Resources
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
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01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Buying Criteria
07. Market Growth Drivers
08. Drivers and their Impact
09. Market Challenges
10. Market Trends
11. Key Vendor Analysis
11.1 Encorp Inc.
11.2 Pareto Energy Ltd.
11.3 Power Analytics Corp.
11.4 Viridity Energy
12. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Microgrid Market 2010–2014 (US$ billion)
Exhibit 2: Global Microgrid Market by Geographical Segmentation 2010
-Pareto Energy Ltd.
-Power Analytics Corp.