Sustainability and Surge in the Demand for Power Strengthen Microgrid Market


Published on : Dec 10, 2018

Albany, New York, December 10, 2018: Soaring industrialization and urbanization has augured well for the microgrid market as the demand for affordable and trustworthy power soars. Besides, embracement of renewables as a clean source of energy and augmentation of renewable energy are projected to shore up the microgrid market. Predominantly, owing to efficient combined heat & power (CHP) and minimizing line losses, fuel utilization and carbon footprint, microgrid market has received accolades from around the corner. Further, microgrid helps in reducing peak loads and grid congestion. These insights are according to the report titled, “Microgrid Market—Global Industry Analysis, Size Share, Growth, Trends, and Forecast 2018-2026,” which has been recently added to the repository of Market Research Hub (MRH). According to the assessment, surge in the demand for power is projected to boost the microgrid market.

On account of furnishing low-cost, clean energy, improved resiliency and efficient electric grid, microgrid is set to prosper. Further, at the time when world is combating against climate change, micro grid assists sustainable development through lessening greenhouse gas emissions. Moreover, through public private partnership, microgrid market has witnessed innovative financing. Surge in investments for grid stability through distributed energy generation and microgrids is touted to strengthen the microgrid market. In addition, rise in outages, aging power infrastructure and surging distributed generation capacities are estimated to spur the microgrid market.

Microgrid Market: Report Synopsis

The report provides an exhaustive analysis on the microgrid market. Further, coherent analysis has been done on the drivers of the dental x-ray systems market. Besides, the report does the assessment on the trends, restraints and opportunities with regards to the microgrid market.

The report includes segmentation of the market to provide a holistic view to the readers. The analysis of the report has been done on the basis of connectivity and application. With regards to connectivity, market has been classified into grid-tied (grid-connected) and off-grid. With respect to application, the report peruses the market on the basis of community & utility, campus & institution, commercial & industrial, defense & military and remote island.

The report starts with executive summary followed by market definition and taxonomy. Further, the report delves into macro-economic factors and opportunity analysis having an impact on the microgrid market directly or indirectly. The report also includes Porters analysis section to provide a comprehensive view of the market. The final section incorporates competitive landscape with the dashboard view assessing the product offering, prominent strategy, total revenue and value chain.

Microgrid Market: Research Methodology

An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market.

The secondary research embodies company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.

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