Natural Gas to Dominate United States Microgrid Market until 2025

Growing demand for reliable, cost effective and secure power supply to drive the growth of United States microgrid market

According to TechSci Research report, “United States Microgrid Market By Type (Grid Connected, Remote/Island, Hybrid), By Consumption Pattern (Urban & Metropolitan, Semi-urban, and Rural/Island), By Power Source (Natural Gas, Solar PV, Diesel, Fuel Cell), By End User Industry (Industrial, Educational Institutes, Healthcare, Utilities, Military, Others), By Region, Forecast & Opportunities, 2025”, the United States microgrid market is expected to grow at a formidable rate during the forecast period on account of the low transmission losses in the microgrids. Microgrids generate power locally and reduce dependence on long distance transmission lines and thus cut transmission losses. Furthermore, convergence of IoT in enhancing microgrid market connectivity and increasing government initiatives to reduce carbon footprint are propelling the market in the country. However, high cost of installation and maintenance is expected to hamper the growth of market during forecast period. Additionally, lack of knowledge about procedures to secure license right for connecting multisite microgrids, interoperability and compatibility issue due to large numbers of components, associated operation, technological and security risks, among others are further expected to restrain the growth of market during forecast period.

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The United States microgrid market is segmented based on type, consumption pattern, power source, end user industry, company and region. Based on type, market can be categorized into grid connected, remote/island and hybrid. The remote/island segment is expected to witness significant growth during forecast period due to the environmental benefits, decline in the prices of wind power sources & solar photovoltaic cells and drop in power generation cost in comparison to the conventional power generation sources. Furthermore, remote/island microgrids are commercially being considered as an appropriate energy solution for remote and rural locations. Additionally, industry giants such as the General Electric Company, ABB Ltd., among others are eyeing the remote/island microgrid segment for investments. Based on power source, the market can be categorized into natural gas, solar PV, diesel and fuel cell. The natural gas segment is expected to dominate the market over the next few years since it is eco-friendly and produces less carbon emissions as compared to oil or coal-fired energy generation.

General Electric Company, Honeywell International Inc., S&C Electric Company, Exelon Corporation, Homer Energy LLC (AWS Truepower, LLC), Power Analytics Corp (Causam Energy, Inc.), Eaton Corporation Inc, ABB Ltd., Siemens, Schneider Electric IT USA, Inc. and others are some of the leading players operating in United States microgrid market. For instance, in January 2018, Eaton launched a series of reclosers to help utilities support a smarter, more reliable grid. Eaton’s Cooper Power series NOVA NX-T reclosers provide accuracy and distribution system reliability critical to smart grid applications. The new solution is designed to enhance performance and reliability while simplifying equipment configuration, installations, operation and control.

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“United States microgrid market is expected to witness significant growth during the forecast period, since most of the cities are considering microgrids in order to ensure continuous power supply. Additionally, the US military has an initiative named Smart Power Infrastructure Demonstration for Energy Reliability and Security (SPIDERS), with the mission of providing power to critical facilities in the event of a loss or attack. Also, various government moves such as “Clean Power Plan” of United States and “US grid 2030: National Vision for Electricity” have led to an increase in the penetration of renewable energy generation technologies into the electricity generation systems resulting in an increase in the demand for microgrids in the country. Furthermore, various utilities are also perceiving the role of microgrids as an infrastructural requirement, thereby expected to propel the market during the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Microgrid Market By Type (Grid Connected, Remote/Island, Hybrid), By Consumption Pattern (Urban & Metropolitan, Semi-urban, and Rural/Island), By Power Source (Natural Gas, Solar PV, Diesel, Fuel Cell), By End User Industry (Industrial, Educational Institutes, Healthcare, Utilities, Military, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States microgrid market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States microgrid market.

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