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Distributed energy resources and distributed energy storage systems (ESS) are changing the face of power generation and distribution in the Organisation for Economic Co-operation and Development (OECD) countries. To tap these new market opportunities, consumers need to be properly supported with financing options for ESS installations. The study s...

20 Sep 2016  |  Global  |  Market Research

Growing Opportunity in the Global Microgrid Market

Decreasing Costs and Technological Advancements of Decentralised Power and Storage Drives New Market Growth

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“Microgrid” is the new buzzword amidst the rise of distributed energy resources and battery energy storage systems. Significant price declines in both distributed renewable power and battery technologies, coupled with more technological advancements in control and energy management systems, have created a vision of reliable, efficient, renewable, a...

The global microgrids market revenue is forecast to increase from $3.37 billion in 2022 to $8.00 billion in 2030. While North America is projected to remain the largest regional market over the forecast period, the Asian region is expected to outpace its growth. With a largely secure grid infrastructure, the European Union has limited microgrid dev...

The global microgrids market will experience strong revenue growth, increasing from $8.85 billion in 2021 to $19.55 billion in 2030. North America and Asia-Pacific (APAC) will be the leading markets from 2021 to 2030. However, APAC will outpace North America and hold the highest share in the long term, focusing on remote microgrids. With largely se...

The global penetration rate for smart metering is forecast to increase from just over 40% at the start of 2022 to 65% by 2030. This growth will lead to an increased demand for meter data management (MDM) software. First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energ...

This research service analyzes the Virtual Power Plant (VPP) market by end users (demand management, power trading), region (North America, Europe, Asia-Pacific, and Rest-of-world), trends, and revenue forecast till 2022. VPP promises significant improvements in grid reliability and resilience and early adoption has taken place in Western Europe an...

The 2020s will see last-mile electricity infrastructure undergo some much-needed advancement,which will enhance the overall electricity system. It will become a smarter and a more responsive system, one in which a car could power a home or batteries could power an entire football stadium on match day. The possibilities will increase based on how co...

This study focuses on evaluating the market size and the growth opportunities for North American low-voltage dry-type (LVDT) distribution transformers. It specifically evaluates the prospects for 2 types of single- and three-phase LVDTs, namely, cast resin and vacuum pressure impregnated transformers in the United States and Canada. These types of ...

13 Feb 2020  |  South Asia, Middle East & North Africa  |  Market Research

Indian Low-voltage Switchgear Market, Forecast to 2023

Investment into Infrastructure, Real Estate and Renewable Energy to Drive the Market

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This research service examines the India Low-voltage (LV) switchgear market, using the calendar year 2018 as a base year, and insights from manufacturers, channel partners, and end users to identify drivers and restraints for the market until 2023. At the overall level, the market is segmented by product, region, end users and competition. The stud...