Microgrid Market Analysis, Share and Size, Emerging Trends, Overview and Outlook, Growth And Segment Forecasts To 2020 Technavio Announces the Publication of its Research Report Global Microgrid Market 2016-2020 Technavio recognizes the following companies as the key players in the global microgrid market: ABB, GE-Alstom Energy, Lockheed Martin, Schneider Electric, and Siemens. Other Prominent Vendors in the market are: Chevron Energy, Cummins, Echelon, Encorp, General Microgrids, Honeywell, Mera Gao Power, Microgrid Solar, Pareto Energy¸ Power Analytics, S&C Electric Company, SMA, Spirae, and Toshiba. Browse full report with TOC@ https://marketreportscenter.com/reports/368490/global-microgridmarket-2016-2020 Commenting on the report, an analyst from Technavio’ s team said: “Increase in research & development will be a key trend for market growth. Microgrid systems are more flexible compared with conventional distribution systems. Microgrid systems are more resilient as a result of various R&D activities taking place around the world. Several specialized organizations are working on microgrid development projects. For instance, dynamic microgrids that can accommodate various energy sources and those that are self-sustaining with self-healing capabilities are being researched in the Brookhaven National Laboratory, New York, US.” According to the report, rise in natural calamities will be a key driver for market growth. Natural disasters are making a business case for microgrids, and are driving their adoption across the world, especially in regions that are frequently affected by natural calamities, such as the southern part of the US. As a large portion of the power can be generated on site, microgrids provide a higher degree of reliability for mission-critical facilities such as military base, hospitals, and data centers that need to function continuously under any circumstance. Further, the report states that high implementation costs will be a challenge for the market. A microgrid is built according to the needs of a variety of dynamic load types and is capable of operating under various grid conditions. However, most microgrids are usually built upon existing infrastructure, so there is no fixed cost for a microgrid. Depending on the project needs, a microgrid can cost as low as $250,000 to about $100 million. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/368490 About Microgrid A microgrid is a smaller version of a conventional centralized electrical grid. It is capable of producing power, distributing it, and controlling the flow of energy supplied to consumers within a specified geography. It can function autonomously or operate parallel with a conventional grid. However, compared with a conventional grid, the power generated by a microgrid is supplied to establishments or houses that are situated in close proximity to the plant. This reduces transmission and distribution losses, which are generally associated with centralized power generation. Technavio’ s analysts forecast the global microgrid market to grow at a CAGR of 13.67% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global microgrid market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand generated by different end-users in any region in the microgrid market. The market is divided into the following segments based on geography: Americas APAC EMEA Technavio's report, Global Microgrid Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To Get Discount On The Report @ https://marketreportscenter.com/request-discount/368490 Connect for more details: Sam Collins Market Reports Center 1-646-883-3044 (US) [email protected]

According to the report, rise in natural calamities will be a key driver for market growth. Natural disasters are making a business case for microgrids, and are driving their adoption across the world, especially in regions that are frequently affected by natural calamities, such as the southern part of the US.