Microgrid Market In Europe By Industry Growth & Business Sta...| MENAFN.COM

Friday, 07 October 2022 10:20 GMT

Microgrid Market In Europe By Industry Growth & Business Statistics Report To 2026

(MENAFN- Ameliorate Digital Consultancy)

Microgrid market in Europe is expected to grow at a commendable rate in the future because of rise in the adoption of renewable energy sources and technologies to cater to the growing demand for electricity across the region. The regional governments are increasing their efforts in promoting the deployment of microgrid networks by introducing favorable policies, tariff rates and other supportive regulations.

Many public and private sector companies in Europe are increasing their investments towards expanding the smart electric infrastructure. This will help in monitoring and controlling the overall supply and consumption of power in the region.

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AC microgrid networks for power generation:

AC, DC and hybrid microgrids are the main electric microgrid systems implemented for various purposes. Among these, AC microgrid network will gain momentum in North America in the coming years, thanks to the important benefits it has to offer. Some of these features are lower loss of transmission, lesser heat generation and ability to produce high voltage electricity.

The electric infrastructure across North America is undergoing some important technological innovations. These advancements are creating high-end energy storage solutions, manufacturing efficient power generation systems and cutting-edge software to monitor the electricity supply. The AC microgrid networks will provide higher efficiency in power supply with the help of these technologies.

Diesel generator-powered microgrids deployment:

Different kinds of energy sources and fuel systems are used to power the microgrid networks like diesel generators, natural gas, CHP and Solar PV. Diesel generator-backed microgrid systems will find high application across a large number of industries in North America. The region is witnessing heavy industrialization due to the large-scale influx of various reputed companies and their manufacturing plants.

These factories require heavy-duty generators to withstand the load of electricity while the manufacturing processes are in full swing. This will drive the demand for diesel generator-based microgrids in North America. These types of microgrids have a some advantages associated with them like longer life cycle of the system and lower installation cost.

Grid connected microgrids witness high demand:

In a grid connected microgrid network, the microgrid controls the supply of electricity and powers the main grid. This system ensures that electricity is generated in a stable manner. The demand for sustainable power connection and the development of utility-based grid networks is growing across North America.

Customers in the region are focusing more on the safety of the power supply. Tier 2 and 3 cities are undergoing tremendous development. The small-scale industries are growing at a fast pace and are applying modern technologies to operate the power supply. All these factors will foster the demand for grid connected microgrid networks in Europe.

Germany microgrid market grows substantially:

Germany microgrid industry is expected to witness significant progress, the reason being that the country is experiencing industrialization at a high rate. The national government has brought out favorable policies to support the production of microgrid network systems across residential and industrial sectors.

The need to have renewable energy sources to produce electricity has grown by many folds among the citizens of the country. The authorities are supporting the demand for deploying sustainable technologies by introducing tax rebate and other benefits for organizations employing green production methods. This move will multiply the demand for microgrid networks by many folds in the country.

Some of the well-known firms involved in the manufacturing of microgrid systems in Europe are Eaton, Siemens, Schneider Electric, ABB, General Electric, Honeywell International, Hitachi and a few others.

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Table of Contents (ToC) of the report:

Chapter 6 Microgrid market in Europe Share, By Power Source (MW) (USD)
6.1 Microgrid market in Europe share by power source, 2019 & 2026
6.2 Diesel generators
6.2.1 Market estimates and forecast, 2015 – 2026
6.2.2 Market estimates and forecast, by country, 2015 – 2026
6.3 Natural gas
6.3.1 Market estimates and forecast, 2015 – 2026
6.3.2 Market estimates and forecast, by country, 2015 – 2026
6.4 Solar PV
6.4.1 Market estimates and forecast, 2015 – 2026
6.4.2 Market estimates and forecast, by country, 2015 – 2026
6.5 CHP
6.5.1 Microgrid market in Europe estimates and forecast, 2015 – 2026
6.5.2 Market estimates and forecast, by country, 2015 – 2026
6.6 Others
6.6.1 Market estimates and forecast, 2015 – 2026
6.6.2 Market estimates and forecast, by country, 2015 – 2026

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