Government Grants and Incentives Encouraging Use of Microgrids08 Nov 2011 • by Natalie Aster
A recently published report “Microgrid Market in the US 2010–2014” by Infiniti Research reveals that the Microgrid market in the US is expected to grow at a CAGR of 67 percent over the period 2010–2014. The report, which focuses on the US exclusively, indicates that the market is being driven by the increase in number of government grants and incentives.
According to Technavio’s industry analyst, “The US Government has supported Microgrid programs by offering incentives and funds to organizations that develop these systems. Security of energy holds high priority in military establishments and commercial complexes in the US; hence, the US Government has been investing heavily on this segment. Microgrids are also being built as a back-up power supplier during disasters, such as a hurricane or a storm. Moreover, the US Department of Defense has allocated US$5 million to start a Microgrid pilot program.”
Microgrid Market in the US 2010–2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that the lack of regulatory standards is hindering the growth of this market. However, growth in the renewable energy segment is expected to drive this market. This market is also marked by entry of significant and large corporations. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in the report include Encorp LLC, Pareto Energy Ltd., Power Analytics Corp., Viridity Energy, and General MicroGrids.
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