The global market for microgrid is currently driven by North America, which accounts for 75% of the global revenue in 2011. The North American microgrid market has observed considerable growth during the past few years and has been primarily driven by the need to reduce the strain on the power grid in the US, increased emphasis on reducing Greenhouse Gas (GHG) emissions, and improving supply security and reliability by integrating a larger number of distributed generation sources.
The global market for microgrid technologies will be driven by developing countries such as India, China and South Africa during 2012-2020. In 2011, the US contributed around 70% of the revenue to the global microgrid market. There have been number of grid-connected microgrid projects that have been deployed in the US, with the intention of reducing the strain on the national grid, and this is expected to continue in the future as well.
However, the global market is expected be driven by the developing markets in Eastern and Southern European countries, China, India, Japan, Australia, South Africa and Brazil. The need to provide electricity to the population residing in remote locations is expected to drive the market in Europe and Asia-Pacific.
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Facilitate decision making based on strong historic and forecast data for global and national microgrid market.
Develop strategies for market penetration and product development.
Identify key partners and business development avenues..