RESILIENCE MICROGRIDS TO BOOM

Community Resilience Microgrids; Utility and Third-Party Public Purpose Microgrids: Global Market Analysis and Forecasts

1Q 2015 (Navigant Research) “…[T]his report seeks to provide market estimates centered on recent programs and projects specifically linked to resilience in communities in light of recent natural disasters and technology mishaps. Some microgrids may serve multiple purposes, ranging from increasing reliability to renewables integration as well as economic optimization. That is the beauty of this flexible distributed energy resources (DER) networking platform…Despite the obstacles, the [Community Resilience Microgrids (CRM)] market still represents opportunity. While implementation revenue is expected to start out at $162.9 million in 2015, the market is projected to reach $1.4 billion by 2024 under a base scenario. Though the United States leads in terms of policy and technology innovation, the Asia Pacific region is expected to capture the largest market share due to government programs in place in Japan and China. By 2024, this region is projected to represent roughly half of the total CRM market…” click here for more

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