An Insight Into the Microgrid Market

Transparency Market

Research

Microgrid Market - Global Industry Analysis, Size, Share, Growth, Trends,

and Forecast 2014 – 2020

Published Date

2014-11-28

107 Page Report

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Press Release

Microgrid Capacity and Market Revenue is Estimated to Reach 9,347.6

MW and USD 35,186.0 Million by 2020

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Microgrid Market

REPORT DESCRIPTION

Transparency Market Research has released a new market research report- According to the report, the

global microgrid capacity stood at 3,600.0 MW in 2013 and is projected to reach 9,347.6 MW by 2020. In terms

of market revenue, the Global Microgrid Market was valued at USD 9,841.8 million in 2013 and is anticipated

to reach USD 35,186.0 million by 2020, growing at a CAGR of 20.7% between 2014 and 2020.

Browse the full Microgrid Market report at

http://www.transparencymarketresearch.com/microgrids-market.html

Rapid rise in global demand for energy, spurred by demographic and economic growth is expected to drive the

Global Microgrid Market. To achieve the goal of energy security, governments across the world are investing in

sustainable energy development projects. Power generation through microgrids, using renewable energy

sources, is one such step towards achieving energy security without compromising on environmental norms. A

microgrid enables local electricity generation, energy storage, and power consuming devices to operate

independently of the macro-grid. Microgrids can be operated either in non-autonomous or autonomous mode.

A microgrid offers several advantages as compared to conventional grids. Some advantages include increased

power reliability owing to less number of power outages, improved quality of power on account of less

transmission losses in the grid, and availability of power...