About Microgrid

A microgrid is a smaller version of a conventional centralized electrical grid. It is capable of producing power, distributing it, and controlling the flow of energy supplied to consumers within a specified geography. It can function autonomously or operate parallel with a conventional grid. However, compared with a conventional grid, the power generated by a microgrid is supplied to establishments or houses that are situated in close proximity to the plant. This reduces transmission and distribution losses, which are generally associated with centralized power generation.

Technavio’s analysts forecast the global microgrid market to grow at a CAGR of 13.67% during the period 2016-2020.

Covered in this Report
The report covers the present scenario and the growth prospects of the global microgrid market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand generated by different end-users in any region in the microgrid market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA



Technavio’s report, Global Microgrid Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • ABB
  • GE-Alstom Energy
  • Lockheed Martin
  • Schneider Electric
  • Siemens



Other Prominent Vendors

  • Chevron Energy
  • Cummins
  • Echelon
  • Encorp
  • General Microgrids
  • Honeywell
  • Mera Gao Power
  • Microgrid Solar
  • Pareto Energy
  • Power Analytics
  • S&C Electric Company
  • SMA
  • Spirae
  • Toshiba



Market Driver

  • Need for better power system compared with traditional grids
  • For a full, detailed list, view our report



Market Challenge

  • High implementation costs
  • For a full, detailed list, view our report



Market Trend

  • Rise in demand for microgrids in military applications
  • For a full, detailed list, view our report



Key Questions Answered in this Report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?



You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.