Rohit Bhisey, tmr Research Blog
Summary
The substantial rising adoption of distributed, decentralized, and embedded energy supply and generation network in various industrial and residential sectors is a key factor driving the microgrid market. In various parts of the world, the intensifying need for modular grid in the modern grid network to ensure a reliable and cost-effective supply of energy has bolstered the demand for microgrids. A new report penned by TMR Research, titled, “Microgrid Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”, offers in-depth insights into the key growth dynamics and challenges, notable trends and emerging prospects, major technological advances, lucrative avenues, and the competitive landscape in various regions.
The pressing need for ensuring an affordable energy security for various communities, particularly in remote rural regions, has stimulated the demand for locally generated energy independent of the main electric grid. The marked potential of microgrid for ensuring a reliable supply of energy to rural communities in numerous emerging and developed economies is stoking its popularity. Of particular significance is the adoption of microgrid for a reliable source of supply in remote areas such as islands is accentuating the growth of the market.
Full Article
Continue Reading
#News#MRCNews#Microgrids#RenewableEnergy#Industrial#Residential#MarketTrends#Reliability#Fuels
#CHP
#GridModernization#Sustainability