Written by Chad Blevins on January 14, 2010 – 4:26 am
A new market study from SBI Energy, Smart Grid Micro Grid Energy T&D and Storage, projects that the timely and cost-effective microgrid will pave the way to full smart grid integration faster than utilities alone.
Forecasted to grow 13 percent during the 2009 to 2014 period, the market for microgrids will near $7 billion by 2014 supported by implementation at large industrial operations, military bases and communities where electricity is unstable or non-existent.
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By design, the microgrid comprises all the same components of a larger grid and thus, stimulus funds that have been provided by the American Recovery and Reinvestment Act of 2009 specifically for smart grid development will simultaneously benefit microgrids.
According to SBI Energy, microgrids will become the incubator and operational test bed for innovative smart grid solutions and vendors since it is less difficult and costly to deploy smart technologies.
Smart Grid Micro Grid Energy T&D and Storage presents an in-depth analysis of the development, applications, products, manufacturers, and trends in the advancement of transmission and distribution (T&D) system automation, energy storage, and microgrids in the United States and around the world.
The report provides a comprehensive assessment of all three of these areas, cost and regulatory concerns that have limited their growth, the potential opportunities for new applications (particularly for integrating intermittent renewable energy sources into the grid), and an assessment of developing technologies that make the grid “smart.”
Projected growth through 2014 for these areas is provided, including discussion of energy demand, environmental impacts, economic conditions, consumer acceptance, stakeholder concerns, and government activities as they affect growth rates.
The report also profiles manufacturers and marketers of technologies in these areas and the strategies they have adopted to maximize growth and profitability.
You can purchase the report here:
http://www.sbireports.com/Smart-Grid-Micro-1926641/
The cost is $4,800 for the electronic download.
How You Will Benefit from this Report
If your company is involved in renewable energy, electric service, business consulting and integration of electric resources, energy planning, off-grid electric applications, general construction, or simply want to determine the myriad opportunities that exist with development of hydropower you will find this report invaluable, as it provides a comprehensive package of information and insight about conventional and ocean hydro technologies that are not offered in any other single source. You will gain a thorough understanding of (T&D) system automation, energy storage, and microgrid applications and markets, as well as projected market sizes and trends through 2014.
This report will help:
Marketing Managers identify market opportunities and develop targeted promotion plans for (T&D) automation, energy storage, and microgrid products and services.
Research and Development Professionals stay on top of competitor initiatives, product applications, and demand for (T&D) automation, energy storage, and microgrid technologies.
Advertising Agencies working with clients in energy efficiency, energy service, and energy planning develop compelling messages and images to promote development of (T&D) automation, energy storage, and microgrid projects.
Business Development Executives understand the dynamics of developing T&D) automation, energy storage, and microgrid projects, identify potential partnerships, and detect new product applications.
Information and Research Center Librarians provide market researchers, brand and product managers, and other colleagues with the vital information they need to do their jobs more effectively.
This research report about selected Smart Grid components presents an in-depth analysis of the development, applications, products, manufacturers, and trends in the development of transmission and distribution (T&D) system automation, energy storage, and microgrids in the United States and around the world. T&D system automation is vital to smart grid development, is badly in need of repair, and has not been designed for the power needs of high technology systems. Battery storage systems can improve power quality and reliability and improve the effectiveness of intermittent renewable energy sources but are not yet cost effective in most instances. Microgrids could serve the specific needs of localized electric loads and become proxies for smart grid development but lack a common set of standards that could drive their growth. The report provides a comprehensive assessment of all three of these areas, cost and regulatory concerns that have limited their growth, the potential opportunities for new applications (particularly for integrating intermittent renewable energy sources into the grid), and an assessment of developing technologies that make the grid “smart”. Projected growth through 2014 for these areas is provided including discussion of energy demand, environmental impacts, economic conditions, consumer acceptance, stakeholder concerns, and government activities as they affect growth rates. The report also profiles manufacturers and marketers of technologies in these areas and the strategies they have adopted to maximize growth and profitability.
Scope and Methodology
This report includes both primary and secondary research. Secondary research data have been obtained from government sources, trade association publications, business journals, and company literature. Statistical data are included for industry revenue, both globally and for the United States. The market size for (T&D) system automation, energy storage, and microgrid technologies is projected from 2009 to 2014.
Potential applications, buying trends, environmental issues, and energy considerations are also reviewed and analyzed. Market size estimates and forecasts are based on government and secondary sources, and the impact of factors such as government grants and incentives, environmental concerns, fuel and energy prices, economic considerations, and demand for renewable energy sources.