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Energy Storage Report

Microgrids, Update 2018

Which region will lead the microgrids market volume?

The global microgrids market is estimated to be valued at $30bn in 2022, growing at a compound annual growth rate (CAGR) of 15%. Despite the slowdown in the market, compared to the 23% growth during the 2013-2017 period, it is expected to showcase a healthy growth, mainly attributed to trends in the Asia-Pacific region.

Americas will continue to be the largest market, reaching $18bn in 2022, underpinned by movements in the US market. The Asia-Pacific market is expected to grow with a CAGR of 18%, making it the fastest growing market during the forecast period.

Globally, there is an increasing demand for electricity. In addition, the global power market is in a transition phase, supporting the expansion of distributed generation to circumvent volatile fossil fuel costs and supply market risks.

  • Why should you buy this report?
  • Strengthen your business strategies by understanding the trends shaping and driving the microgrids market.
  • Identify your competitors and the major players in the market and position yourself to gain maximum advantage of the industry’s growth potential.
  • Identify the key growth drivers and challenges related to each country’s microgrids market and apply them to your business strategies.
  • Gain insight into a country’s microgrid market value and volume analysis for the historical and forecast period.

Determine who will be the market leader in the microgrids market

GlobalData’s “Microgrids, Update 2018 – Global Market Size, Competitive Landscape, and Key Country Analysis to 2022” offers comprehensive information and understanding of the global microgrids market. The report offers an in-depth analysis of the market at a global, regional (Asia-Pacific, Americas, Europe and Middle East and Africa) and key countries (the US, Canada, Brazil, India, China, Japan, Australia, Russia, South Africa, and the UK) level.

The report includes coverage of the global and regional drivers and restraints impacting the market. Profiles of major microgrids market players are also presented in the report.

The reports are built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData’s team of industry experts.

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