Global Hybrid Grid Market Forecasts to 2019

The hybrid microgrid is a combination of the energy sources used to produce a microgrid. In the past, several historical reasons had led to the growing influence of AC technology over DC power systems.

However in the present times, increasing technological advancements in power conversion, generation, transmission, and consumption are establishing the stronghold of DC power system once again. This DC power system is expected to prevail strongly in the microgrids, which is regarded as the future of smart distribution systems.

Thus by evolving the hybrid AC/DC microgrids, the integration of the DC technology into the existing AC systems could be ensured. The global hybrid grid market was valued at $1,051.2 million in 2014 and is projected to reach $1,922.5 million by 2019 at a CAGR of 12.8% from 2014 to 2019.

Read full report: https://www.globalmarketreports.com/global-hybrid-grid-market-by-application-defense-and-military-campusinstitutional-commercial-and-others-by-consumption-pattern-urbanmetropolitan-semi-urban-and-ruralisland-and-by-geography-north-america-europe-asia-pacific-and-row-forecasts-to-2019-23916

The market, by application, was led by campus/institutional in 2014, with a share of 40.4%. It is projected to reach a value of $773.7 million by 2019 at a CAGR of 12.

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