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Market future research insights:
According to T&D World, there will be 1,568
projects totaling more than 15 GW of capacity for microgrid deployment by 2016.
The microgrid
marketis probably being driven by all of these
causes.
The global microgrid is anticipated to grow
quickly throughout the projection period, largely as a result of increased
power generation from renewable energy sources, for which an adequate
infrastructure is required and may help with the distribution of electricity in
the most remote places.
The microgrid market has been divided into
categories based on type, component, power source, and end-user. The market's
hardware subsegment is anticipated to be the biggest sub segment by component.
The software sub-segment, however, is anticipated to increase quickly.
This expansion may be attributable to the growing
usage of software across a range of end-user markets, including industrial and
commercial locations, campuses of universities, municipalities, and utilities.
Microgrid operators can monitor and regulate distributed energy resources with
integrated weather and load forecasts thanks to software that is a microgrid
component.
Key players:
·
ABB
·
GE
·
Eaton
·
Schneider Electric
·
Honeywell
·
Caterpillar
·
S&C Electric
·
Power Analytics Corporation
·
Siemens
·
Microgrid Energy
Regional analysis:
Major regions of the world, such as North America,
Europe, Asia Pacific, Latin America, and the Middle East & Africa, have all
been studied.
The People's Republic of China and Japan now have
the majority of the world's microgrid capacity, along with the Asia Pacific
region as a whole. For major businesses to receive seamless assistance, there
is a strong requirement for reliable and ongoing network connectivity, which
makes the forecast for the Asia Pacific microgrid market share more favourable.
The industry is being impacted by the creative yet dependable communications
infrastructure that has been built as a result of regional government efforts.
According to International Data Corporation (IDC), expenditure on pay-TV and
telecommunications services in the Asia Pacific increased from USD 494 billion
in 2020 to USD 505 billion in 2017. Spending in the Asia Pacific region has
also grown, rising 1.6% year to USD 1,566 billion in 2021.
Microgrids are a significant component of the
future electrical ecosystem in the European market, where their primary
features include decarbonization, digitization, decentralisation, and non-wires
solutions. It aids in the transformation of industries across all sectors,
expanding production capacity; however, this also increases the system's need
on a steady supply of electricity.
A brief power outage can stop industrial
activities and result in large financial losses. The transportation industry,
which uses more than 30% of all primary energy, is also relevant to microgrids.
Even a tiny portion of this may be electrified, which would result in enormous
capacity in the upcoming years.
Market segmentation:
Capacity Evaluation
The market is divided into five categories based
on capacity: less than 5 MW, 5 MW–10 MW, 10 MW–20 MW, 20 MW–50 MW, and beyond
50 MW. Due to the low electrification rate of grid connectivity compared to the
other capacity categories, the over 50 MW sector retains a major position in
the market. Regardless of their capacity, all systems employ the same parts,
such as solar panels, charge controllers, and batteries, which may store more
energy over time.
As part of the medium-scale capacity, the segments
of 10 MW–20 MW and 20 MW–50 MW are also discussed.
Demand for capacity segments with capacities
between 10 and 20 MW and between 20 and 50 MW has increased due to the growing
need for improved technologies for power generation and distribution. The
simple accessibility of parts like panels, inverters, and others is another
factor driving up demand for medium-scale facilities.
utilising power source analysis
Increased CH Application Boosted the CHP
Segment
The market is divided into diesel generators,
natural gas, solar PV, CHP, and other power sources. Because it reduces
consumers' overall energy expenses, the CHP segment commands a large portion of
the market.
Due to its adaptability and abundance, natural gas
has a substantial market share and powers Distributed
energy resources market sizewith very little
environmental effect. The abundant supply of natural gas and its adaptability
to a wide range of uses are driving up demand for CHP on the international
market.
The educational institutions, rural locations,
military, utility distribution, commercial & industrial, and other
categories make up the market's application-based segments. The demand for
microgrids in educational institutions has increased due to a paradigm shift
toward the use of safe and dependable power production units and the continuing
development of novel technology to provide a resilient power supply against
grid instability.
Significant heating and cooling requirements are
present in the commercial and industrial sectors, and there are substantial
prospects for cost reduction and emission reduction. The market for commercial
& industrial is anticipated to expand quickly since they are often vast
locations that may serve as emergency shelters during catastrophic events like
cyclones, forest fires, and earthquakes.
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