Microgrids

Authored by: Stuart Borlase , Mehdi Ganji , Mohammad Shahidehpour , Wei Tian , Patrick Burgess , Stuart Borlase , Regis Hourdouillie , Alex Zheng

Smart Grids

Print publication date:  December  2017
Online publication date:  November  2017

Print ISBN: 9781498799553
eBook ISBN: 9781351228480
Adobe ISBN:

10.1201/9781351228480-19

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Abstract

Microgrids have become a concept much talked about within the smart grid evolution. The microgrid market is steadily growing, but it is difficult to clearly estimate its size and potential. According to Pike Research [1], the worldwide market for microgrids is expected to grow from 349 MW of generation capacity in 2012 to over 1.1 GW by 2017. Predictions for microgrid markets by Transparency Market Research [2] show what was a $9.8 billion market in 2013 is expected to rise to $35.1 billion in 2020.

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