The report titled Global Utility Community/ Milli Grids Market covers definition, applications, classification, value chain structure and market performance by key leading countries/regions. In a detailed research methodology – wise, the Utility Community/ Milli Grids analysis with various aspects corresponding to the Globally Utility Community/ Milli Grids Market.
In further, the Utility Community/ Milli Grids Market includes drivers, restraints, threats, opportunities, trends, geographical/regional Utility Community/ Milli Grids markets, and competitive landscape.
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High transmission losses, aging transmission infrastructure, lack of transmission and distribution network in rural areas, particularly in developing countries, and declining cost of the power generation are expected to drive the global utility community/milli grids market during the forecast period.
Decreasing Cost of Renewable Power Generation to Drive the Market
Owing to technological advancements and the manufacturing of equipment on a large scale, the renewable power generation cost has declined over the years. Since 2010, the costs of onshore wind and solar photovoltaic (PV) electricity have declined by 23% and 73% respectively. The renewable power plants are suitable for providing power in remote locations and can therefore be used as remote power generation systems. In developing countries, a significant proportion of rural population does not have access to the national power grid. Thus, the potential for the renewable remote power generation systems market in such regions is estimated to be high. With declining costs, the demand for utility community/milli grids is expected to increase, thereby driving the market during the forecast period.
North America to Register Significant Growth during the Forecast Period
North America has a large but aging transmission and distribution network. In the United States, although natural gas is the largest contributor to electricity generation, coal still accounts for more than 30% of the total power generation. Owing to concerns over air pollution, the government is taking steps to reduce the reliance on coal and encouraging the use of gas and renewables. The power industryâs transformation is expected to require not only the expenditure on building new power plants, but also on constructing new transmission and distribution network. In Canada and Mexico, due to aging infrastructure, the transmission losses are high. As a result, due to the low requirement of the transmission network and low carbon emission, remote power systems, such as renewable power plants and combined heat power plants, are becoming a more attractive choice in the United States, Canada, and Mexico. The growing demand for power form various end-user industries is expected to drive the regional utility community/milli grids market.
Lack of Transmission Network and High Transmission Losses to Drive the Indian Market
In India, about 20% of the population does not have access to electricity. The majority of this population lives in rural areas, where transmission networks are not available. Another problem that countryâs transmission network faces is high transmission losses. Transmission losses claim about 18% of power generated in the country. The combined heat power (CHP) plants and renewable power plants that operate in remote areas are considered a solution to both of these prominent problems, lack of transmission network, and high transmission losses. The power generated from remote power plants, particularly renewable power plants, is expected to register significant growth during the forecast period.
The major players include – Schneider Electric, Siemens AG, S&C Electric Company, Honeywell International Inc., Johnson Controls Inc., Bloom Energy, Arista Power, and Burns & McDonnell, amongst others.
Top Players of Utility Community/ Milli Grids Market are listed below:
- Arista Power
- Bloom Energy
- Boeing Smart Grid Solutions
- Burns & McDonnell
- Chevron Energy Solutions
- Dong Energy
- GE Digital Energy
- Honeywell International Inc.
- Johnson Controls Inc.
- Lockheed Martin
- Rolls-Royce Power Development
- S&C Electric Company
- San Diego Gas & Electric
- Schneider Electric
- Siemens AG
Reasons to Purchase This Report
Geographically, this Global report majorly split into several regions, covering
- North – South America
- Asia – Pacific
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The Utility Community/ Milli Grids Report provides the landscape and growth with the product lifecycle over the coming years, market space, market opportunities, market risk, the market overview of the Utility Community/ Milli Grids. It explains the gap between supply and consumption, tables and figures, SWOT analysis of the leading enterprises in the Utility Community/ Milli Grids Report. Further, the Utility Community/ Milli Grids Report is examined for price, cost and gross. Additionally, it provides a valuable source of suggestions and direction for enterprises and individuals who are taking part in this market.