Microgrid market to reach $20 Billion by 2020

During the last few years, the pace of microgrid deployment has accelerated rapidly around the world, in a variety of application segments. Now, the industry is moving into the next phase of project development, focusing on how to develop projects on commercially viable terms.

“Microgrids are inching their way into the mainstream, with the focus of the market shifting from technology validation to questions surrounding the most promising business models”

Under a more aggressive scenario, revenue could reach $36.2 billion annually, the Navigant Resarch  study concludes.

“Microgrids are inching their way into the mainstream, with the focus of the market shifting from technology validation to questions surrounding the most promising business models,” says Peter Asmus, principal research analyst with Navigant Research. “The number of companies active in the space, and the range of applications of microgrids are growing exponentially, yet there is little consensus on the pace of development in the coming years