London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Nanogrid Market 2014-2018, which isexpected to grow at a CAGR of 5.7 percent during 2013-2018.
Nanogrids are modular building blocks that help in bringing out energy solutions that are efficient and reliable, and support applications extending from emergency power for commercial buildings to the delivery of basic electricity services to people living in extreme poverty. Most nanogrids are small microgrids that serve a single building or load.
“The emergence of smart grids has led to the creation and growth of innovative technologies, including those deployed in the Global Nanogrid market,” says Faisal Ghaus, Vice President of TechNavio.
“Many purchasers are willing to pay considerably more for nanogrid solutions in order to maximize the efficiency of their respective power system networks.”
Key Market Drivers
- Increased Power Quality and Reliability
- Advantage of Nanogrid over Microgrid
- Huge Potential Market for Nanogrid
Key Market Trends
- Development of Smart Grids
- Technological Advancements
- Increased Investment in Nanogrid Market
Key Market Vendors
- Eaton Corp.
- Greensmith Energy Management Systems
- Johnson Controls Inc.
- Power Generation Services
- Robert Bosch GmbH
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
