Market Research Report -- Global Installed Capacity of Microgrid to
Grow Over 17% From 2012-2022
ROCKVILLE, MD -- (Marketwire) -- 01/22/13 -- MarketResearch.com has
announced the addition of the market research report "Microgrid
Market, Global Forecast & Analysis (2012 - 2022) - Focus on Renewable
Power Generation, Solar Photo-voltaics, Wind Micro-Turbines, Battery,
Energy Storage & Control Systems, By Types, Components &
Technologies" to their product offering.
To provide tailored, efficient, and reliable energy services to the
end users, microgrid employs and integrates a wide range of
distributed energy technologies such as generation, storage and
advanced controls, metering and communications into a controlled
system that manages energy generation, transmission, distribution,
and usage on a small scale as compared to the conventional macrogrid.
-- Global installed capacity of microgrid has seen a staggering growth
since 2011 and is forecast to grow at a CAGR of over 17% from
2012-2022 to attain a total installed capacity of over 15GW by 2022.
-- In terms of market value for the vendors the market presents a
potential of over $5 billion and is likely to reach up-to $27 billion
by 2022 growing at a CAGR of over 17% from 2012-2022.
-- Campus/Institutional microgrid is the largest microgrid by application
and is forecast to grow at a CAGR of 18.83% from 2012-2022.
-- Military and defense based microgrid and commercial microgrid is
forecast to have almost same installed capacity by 2022.
-- Off-grid microgrid continues growing at the highest CAGR for next 5-6
years, while hybrid microgrid market is expected to grow at the
highest CAGR during 2012-2022.
-- This shift in growth is expected to happen once utilities begin
ramping up their microgrid facilities. Handfuls of utilities have
already begun pilot projects including American Electric Power (AEP),
Sacramento Municipal Utility District (SMUD), BC Hydro, and San Diego
Gas & Electric (SDG&E).
-- RoI on microgrid varies across geographies and also depends on power
-- A fully developed microgrid with demand response management, on-site
generation and storage, advanced controls and grid independence
capabilities requires a longer payback period.
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