The current mix of microgrids is heterogeneous in nature, utilizing a wide variety of renewable and fossil fuel-based power sources in addition to a full range of application segments, including commercial and industrial sites, university campuses, remote off-grid communities, and military microgrids.
However, despite the significant promise and industry excitement over the concept, few fully commercialized state-of-the-art microgrids with significant generation capacity are actually up and running in North America, the world’s leading market for microgrids.
Industry leaders and other advocates are wrestling to find the appropriate business models and regulatory structures for decentralizing the power distribution infrastructure in a quest to integrate renewable energy while adding greater reliability, security, and self-healing capabilities to electricity distribution. The answers to these open questions will have a profound influence on the evolution of the electric power industry.
This Pike Research report provides an in-depth analysis of the emerging global market for microgrids and the technologies that will enable greater flexibility and diversity in the generation, transmission, and distribution of electricity. The study includes a detailed examination of business models, policy and regulatory drivers, technology issues, and key industry players that are focused on realizing the microgrid vision. Global market forecasts are provided through 2016 for microgrid capacity and revenues, segmented by world regions, key countries, and application segments.