Chicago, May 04, 2023 (GLOBE NEWSWIRE) — According to a research report Japan microgrid market by connectivity (on-grid, off-grid), supply (power generators, controllers, energy storage, software, services), end users (commercial and industrial, military, utilities), type, power rating and geography – global forecast to 2027″, Published by MarketsandMarkets, Japan microgrid market is projected to grow at a CAGR of 19.8% from 2022 to 2027.

The growing need for reliable power supply is driving the growth of the microgrid market in Japan

According to Swiss Business Hub Japan 2022, the microgrid market in Japan is set to grow rapidly in the coming years driven by a combination of factors such as a growing demand for a reliable and efficient energy supply, the increasing use of renewable energy sources and the need for energy resilience and security improve. In addition, several pilot projects, often involving public-private partnerships, have been subsidized by the government. Japan has relatively strict government regulations regarding the use and deployment of distributed power generation. The Japanese government encourages the development of microgrids through various policies and initiatives, such as the Basic Energy Plan and the Green New Deal, which aim to promote the integration of renewable energy sources, increase energy efficiency and improve the resilience and security of the energy system.

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Additionally, Japan is facing energy challenges after the 2011 Fukushima disaster, which has highlighted the need for a more resilient and secure energy system. For over a decade, an energy revolution has been underway in Japan, spurred by the 2011 Great East Japan earthquake and tsunami. Since then, dozens of microgrids have sprung up across the country to help Japan meet its energy needs and build resilience. The heavily damaged Japanese city of Higashi Matsushima…