A microgrid is a small group of power generation assets and energy storage equipment, generating power independently in order to meet local energy needs. A microgrid has the capability to island itself and is connected to the main grid at a single point. An energy storage system is a technology used to store the surplus power that can be supplied later when required. Energy storage systems play a diverse role in microgrids. When renewables are used in the microgrid they serve as a voltage source, smoothing the intermittent power flow. For utilities, it helps in peak hour shaving, volt ampere reactive (VAR) services, and black start.
Global energy storage market for microgrids to grow at a CAGR of 16.72% during the period 2017-2021.
Browse Complete Report Summary with TOC here https://www.radiantinsights.com/research/global-energy-storage-market-for-microgrids-2017-2021
Covered in this report
The report covers the present scenario and the growth prospects of the global energy storage market for microgrids for 2017-2021. To calculate the market size, the report considers new installations, it includes energy storage systems (battery and fuel cells).
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Energy Storage Market for Microgrids 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/global-energy-storage-market-for-microgrids-2017-2021/request-sample
Key vendors
• NEC Energy Solutions
• NRG Energy
• Saft
• Samsung SDI
• UniEnergy Technologies
Explore Other Reports By Radiant Insights,Inc at
- Skid-steer Loaders Market –
https://www.radiantinsights.com/research/global-skid-steer-loaders-market-2017-2021
- Laser Welding Machine Market –
https://www.radiantinsights.com/research/global-laser-welding-machine-market-2017-2021
- HVAC Test Instruments Market –
https://www.radiantinsights.com/research/global-hvac-test-instruments-market-2017-2021
About Radiant Insight
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.
Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: sales@radiantinsights.com
Phone: (415) 349-0054, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: https://www.radiantinsights.com/research/global-energy-storage-market-for-microgrids-2017-2021