Microgrid in Smart Grid – Market to 2020

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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Published by Anjali Kalan

Director of Aarkstore.com, Aarkstore is amongst the best market research platform on the internet with online database of spanning several industry categories like healthcare, defense, FMCG etc. It aims at enhancing business opportunities by providing intensive market research reports tapping every possible segment based on geography, consumers, consumer behavior, current industry trends and a lot more. It has a widespread data on profiles and reports through crisp online industry analysis. Aarkstore also furnishes customized reports, SWOT analysis on companies and markets, providing a cutting edge view to the intricacies of business possibilities.

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