Will Reach $17.3 Billion by 2017, According to Pike Research
Jan 30, 2012 -- Microgrids, or integrated systems in which distributed energy resources (DERs) operate as a single, autonomous grid either in parallel to or isolated from the existing utility power grid, offer customers and distribution utilities a host of new ways to bolster reliability and manage variable, bidirectional resources. In addition, their smaller scale results in far fewer line losses, a lower demand on transmission infrastructure, and the ability to rely on more localized sources of power generation. All of these benefits are stimulating increased demand for microgrids on a worldwide basis, in a range of application scenarios including campus environments, military operations, remote/off-grid settings, community/utility systems, and commercial and industrial markets. According to a new report from Pike Research, microgrid capacity worldwide will experience a compound annual growth rate (CAGR) of more than 22% over the next five years, reaching 4.7 gigawatts by 2017. That represents $17.3 billion in annual worldwide revenue by the same year, the cleantech market intelligence firm forecasts.
"Several new players have recently entered the microgrid market, signaling that a new race is on to take advantage of the significant opportunity that microgrids represent on a worldwide basis," says senior analyst Peter Asmus, "most notably ABB, the Swiss industrial giant that is a leading player in transmission and distribution infrastructure, and Boeing, the veteran defense contractor that is engaging with Siemens in a strategic alliance to serve the U.S. military, as well as San Diego Gas & Electric -- one of the leading utilities in this space -- and Green Energy Corporation, which is addressing the interoperability of various controls and communications platforms being deployed for microgrids." read more>>>
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