SIX FOLD GROWTH FOR MICROGRIDS BY 2020

Microgrids; Commercial/Industrial, Community/Utility, Campus/Institutional, Military, Remote, Grid-Tied Utility Distribution, and Direct Current Microgrids: Global Market Analysis and Forecasts

4Q 2013 (Navigant Research)

"The microgrid market is heating up quickly, with deployments occurring around the world in a variety of application segments. The industry is moving into the next phase of project development, focusing on how to develop projects on fully commercial terms…While North America leads the microgrid market…the Asia Pacific region will likely emerge as the global leader for microgrid deployments by 2030 or 2035 due to the huge need for power for growing populations not served by traditional grid infrastructure. Europe is, relatively speaking, a laggard…[because its] grid reliability is far superior to that in North America…Navigant Research forecasts that global annual microgrid capacity will increase from 685 megawatts in 2013 to more than 4 gigawatts by 2020 under a base scenario…” click here for more

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