Infinium Global Research Microgrid Market | Page 3

Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Introduction
Report Description
The Global Microgrid Market was sized near USD X.X billion in 2016. Micro grid is a limited
group of electricity sources and loads that normally operates when connected to
synchronous traditional centralized electrical grid. The modular nature of micro grids could
make the main grid less liable to local disaster. A micro grid can effectively incorporate
various sources of distributed generation (DG), especially Renewable Energy Sources (RES),
and can supply emergency power, changing between island and connected modes. During
micro grid operations, connections to the larger, bulk transmission system are disconnected
and only local, smaller, often distributed, generation sources are utilized. Micro grids can be
projected as back-up power or to strengthen the main power grid during periods of heavy
demand. The rapid industrial developments in the BRIC countries is one of the crucial
factors promoting the growth in the microgrid market worldwide.
This report estimates the market size of microgrid market in terms of value (USD million)
over the period of 2016 to 2024.The year 2017 is considered to be a base year, and 2018 to
2024 is considered to be a forecast period. Moreover, the market sizes for microgrid market
in numerous application is estimated in terms of value. This market research study provides
detailed qualitative and quantitative analysis of the global microgrid market. Additionally,
the report provides a comprehensive review of the major market drivers, restraints,
opportunities in the global as well as regional markets of microgrid market. The market
analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and
Rest of the World (RoW). The market size and forecasts are also given for these regions.
Countries with major market revenues are covered for each of the region.
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