Microgeneration: a fast growing IoT application worth USD6.5 billion in 2024
Microgeneration is the term given to generation of power, namely electricity and heat, by residential, commercial and community users on their own property. This includes solar power, wind turbines and groundsource heat pumps. Microgeneration benefits from M2M for performance monitoring, gathering of environmental data and installation diagnostics.
This Application Spotlight provides a qualitative and quantitative analysis of the M2M market related to Microgeneration. It provides a definition, description, analysis of drivers and barrier, and high level forecasts for growth in connections, technology split and revenue opportunity.
For a full set of country-by-country forecasts, refer to the IoT Forecast Database.
Keywords: M2M, machine-to-machine, IoT, Internet of Things, microgeneration, solar PV, wind turbine, combined heat and power, CHP, small wind, photovoltaic, cogeneration, LPG, biomass, smart meter, performance monitoring, environmental data, diagnostics, energy, feed-in tariff, FiT, renewables, Energy Services Company, ESCO, virtual power plant, VPP, home battery, LPWA, Low Power Wide Area
Companies covered in this report: SolarCity, Kilowatt Financial, Clean Power Finance, Spruce Finance, U.S. Bancorp Community Development Corporation, KfW development bank, Tesla, SimpliPhi Power, Orison, meteocontrol, Shunfeng International Clean Energy Ltd, EDF ENR, Rbee Solar, Urban Green Energy, UGE, Mesh Systems, Energence, SMA, Carriots, Wairbut
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