SOURCE: MarketResearch.com

MarketResearch.com

September 20, 2011 09:08 ET

US Microgrid Market to Grow 67% Through 2014

ROCKVILLE, MD--(Marketwire - Sep 20, 2011) - MarketResearch.com has announced the addition of the new market intelligence report "Microgrid Market in the US 2010-2014" to their collection of Energy market research. For more information, visit http://www.marketresearch.com/Infiniti-Research-Limited-v2680/Microgrid-6526445/

This report reveals that the US microgrid market 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 an 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."

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.

"Microgrid Market in the US 2010-2014" 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 this report include Encorp LLC, Pareto Energy Ltd., Power Analytics Corp., Viridity Energy, and General MicroGrids.

For more information, visit http://www.marketresearch.com/Infiniti-Research-Limited-v2680/Microgrid-6526445/

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