Global Microgrid Market is expected to register a healthy CAGR in the forecast period . The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period .
Microgrid market research report, With this best market opportunities are brought into focus along with the well-organized information to bring about growth in the market. When globalization is touching new boundaries every day, businesses opt to take advantage of the global market for marketing and trading their product. A panel of industry experts, brilliant researchers, innovative forecasters and knowledgeable analysts work with full devotion to offer clients with this qualitative market research report. Complex market insights are turned into simpler ones and then merged in the Microgrid report for the better understanding of end user.
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The key players examine the Microgrid market in new regions by inspecting different techniques. This includes mergers & acquisitions, Microgrid expansions, investments, new service launches. Similarly, they adopt distinct Microgrid strategies such as collaborations, agreements etc. The leading vendors of Microgrid market are: .
ABB Ltd.
General Electric Company,
Siemens AG,
Honeywell International Inc., and Eaton Corporation Plc.
Chevron Corporation,
Cummins Inc.,
Green Energy Corp.,
Power Analytics Corporation,
S&C Electric Company,
Advanced Microgrid Solutions,
Caterpillar Inc.,
Exelon Corporation,
Tesla Inc.,
Toshiba Corporation, and among others.
Market Definition: Global Microgrid Market
The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.
Segmentation: Global Microgrid Market
Microgrid Market : By Grid Type
(AC Microgrid, DC Microgrid, and Hybrid),
Microgrid Market : By Connectivity
(grid connected and remote/island),
Microgrid Market : BY Offering
(Hardware, Software, And Services),
Microgrid Market : By Vertical
(Healthcare, Educational Institutions, Industrial, Military, and Electric Utility),
Microgrid Market : By Power Source
(Natural Gas, Combined Heat and Power, Diesel, Solar, Fuel Cells, And Others)
Microgrid Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Microgrid Market: Drivers
The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.
Key Points: Global Microgrid Market
In 2017, the global microgrid market is dominated by ABB with market share of 21.4%, followed by General Electric Company 14.8%, Siemens AG 10.1%, Honeywell International Inc. 8.2%, Eaton Corporation PLC 6.1% and others 39.4%.
The DC microgrid segment is dominating the global microgrid market.
Hybrid segment is expected to grow with the highest CAGR of 25.0% in the forecast period 2018 to 2025.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
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Key questions answered in the Global Microgrid Market report include:
What will be Microgrid market share and the forecast for 2020-2027?
What are the key factors compelling the worldwide Microgrid market?
Who are the key players in the world Microgrid industry?
What are the factors impacting the revenue and production growth of the Microgrid market?
What are the opportunities & challenges in the Microgrid industry?
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