TechNavio today launched its report Microgrid Market in China 2011-2015 based on an in-depth study exclusively focusing on the Chinese market. The report aims to aid decision makers’ understanding of the key trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said; ”By 2035, the energy demand in China is predicted to increase tremendously. With the existing power generation capacity, it is not possible for the Chinese power grid to meet the future demand. The increasing demand for power will lead the government to look for other sources of energy generation and it will also increase the demand for microgrids required to store energy generated from alternative sources.”
According to the report, the trend of increased demand for distributed energy resources (DERs) has led to the emergence of a market in China for microgrids, which enable the storage of the energy generated by DERs.
Further, the report also discusses that one of the major challenges confronting the market is the growing concerns for microgrid energy security.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/microgrid-market-china-2011-2015.
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Report – Microgrid Market in China 2011-2015
