More Than 400 Microgrid Projects are Under Development Worldwide

April 2, 2013

Recent widespread power outages from severe weather events and other causes have increased the appeal of microgrids, which can operate in isolation from the wider power grid.  According to a recent tracker report from Navigant Research, the number of active microgrid projects around the world continues to increase rapidly.  The report, the fourth edition of Navigant Research’s Microgrid Deployment Tracker, identifies at least 405 microgrid projects that are currently planned, proposed, under development, or fully operating.

“The microgrid market is highly dynamic, and many projects remain under the radar,” says Peter Asmus, principal research analyst with Navigant Research.  “However, the microgrid platform is moving increasingly into the mainstream, and new projects will feature substantial investments in hardware and software, and therefore represent more lucrative business opportunities than previously recognized.”

North America remains the world’s most fertile environment for microgrids, according to the report.  Connecticut, which has suffered massive power outages several times in recent years, is the first state in the United States to move forward with a policy program to promote microgrids.  The report identifies 219 microgrid projects in North America, more than half of the world total.

The report, “Microgrid Deployment Tracker 4Q12”, covers five microgrid market application segments and four principal geographies.  The tracker lists proposed, planned, under development and operating microgrids – as well as selected projects that lay the foundation for viable microgrids over the next six years.  The goal of this database is to provide the most up-to-date summary of microgrid projects available globally.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin

+1.303.493.5483

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Microgrid Deployment Tracker 4Q12,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Light Duty Plug-in Electric Vehicles Are Expected to Make Up Half of the Global Electric Vehicle Market by 2024
Major automakers are developing plug-in electric vehicles with cost points under $40,000 and increasing drive ranges • A recent report from Navigant Research details the global market for light duty vehicles,…
Read More »
Building Energy Management System Revenue Is Expected to Total Nearly $55 Billion from 2015 to 2024
The transition to the Energy Cloud will redefine the relationship between buildings and energy • A recent report from Navigant Research examines the major trends and market issues expected…
Read More »
Global E-Mobility Device Revenue is Expected to Reach $62.2 Billion by 2025
Electric buses are poised to become the highest revenue-producing e-mobility technology within the next five years • A new report from Navigant Research examines the global market for electric mobility (e-mobility)…
Read More »
Annual Revenue for Remote Power Systems Is Expected to Exceed $25 Billion in 2024
The nanogrid market is largely driven by increasing cell phone use in the developing world • A recent report from Navigant Research analyzes the market for remote microgrids and nanogrids,…
Read More »
View All News

{"userID":"","pageName":"More Than 400 Microgrid Projects are Under Development Worldwide","path":"\/newsroom\/more-than-400-microgrid-projects-are-under-development-worldwide","date":"8\/24\/2016"}