Microgrids: Technologies and Global Markets
The global microgrid technologies market totaled $12.7 billion in 2017 and is estimated to reach nearly $31.2 billion by 2022, growing at a compound annual growth rate (CAGR) of 19.6% for the period of 2017-2022.
- 29 data tables and 7 additional tables
- An overview of the global market for microgrid technologies
- Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Identification of segments with high growth potential and their future applications
- Explanation of major drivers and regional dynamics of the market and current trends within the industry
- Detailed profiles of major vendors in the market, including ABB Group, ALSTOM Power, Inc., Burns Engineering, Inc., Caterpillar Inc. and Toshiba Corp.
This market study assesses the leading microgrid technologies that are currently in use globally for powering commercial, industrial, military, and educational facilities such as universities, homes and communities, and rural/off-grid villages. The microgrid technologies discussed in this report are in use across these industries and many more as well as new emerging sectors driven by technological innovation.
The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry, academic and company data regarding the projected level of demand for microgrid technologies. The report provides a comprehensive review of available data to provide a realistic, robust and accurate assessment of this quickly changing market.
BCC analyzes each major microgrid technology, determines its current market status, examines its impact on future markets and presents forecasts of growth over the next five years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in the industry.
BCC analyzes the industry worldwide in terms of manufacturing and deployment of technologies or products. For the most relevant and available microgrid technologies BCC examines the role of government both in regulating the industry and in supporting these microgrid technologies through promotional incentives. The report discusses recent trends and sales and provides industry overviews and market assessments for leading microgrid technology. Estimated values used are based on manufacturers’ total revenues.
Christopher Maara holds a Master's degree in Finance and Development (Msc) from University of London's School of Oriental and African Studies (SOAS), and has been a Country Risk, Energy Markets and Lead Analyst with London-based Business Monitor International (BMI) and Visiongain Limited, as well with Investment & Research Ltd based in Nairobi. He is also the Founder and Business Development Manager for Kiri Energy Limited, a renewable energy company based in Nairobi, Kenya, where he has worked on a number small-scale, mini-hydro and solar projects in Kenya involving system design and installation.