News

Global Microgrid Market 2019 Analysis By Top Companies are GE, Siemens, Honeywell, Eaton, Chevron, Cummins Inc., Green Energy Corp, Power Analytics Corporation, S&C Electric Company, Advanced Microgrid Solutions , Caterpillar Inc

Global MICROGRID Market is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. This analysis provides an examination of various market segments that are relied upon to observe the fastest development amid the estimated forecast frame. The MICROGRID report encompasses market definition, currency and pricing, market segmentation, market overview, premium insights, key insights and company profile of the key market players. The MICROGRID market report also helps to know about the types of consumers, their response and views about particular products, and their thoughts for the step up of a product.

A comprehensive market research conducted in this MICROGRID report puts a light on the challenges, market structures, opportunities, driving forces, and competitive landscape for your business. All the data, statistics, facts and figures included in this MICROGRID report are very vital to the businesses when it comes to define the strategies about the production, marketing, sales, promotion, advertising and distribution of the products and services. This market research report is one of the best and wide-ranging market reports which provide market insights by considering number of factors. With this MICROGRID report it becomes easy to uncover the best market opportunities and foster resourceful information for your business to thrive in the market.

Global microgrid market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Want to study a sample copy? Click here to request@ http://databridgemarketresearch.com/request-a-sample/?dbmr=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.

Global Microgrid Market By Grid Type (AC Microgrid, DC Microgrid, and Hybrid), By Connectivity (grid connected and remote/island), BY Offering (Hardware, Software, And Services), By Vertical (Healthcare, Educational Institutions, Industrial, Military, and Electric Utility), By Power Source (Natural Gas, Combined Heat and Power, Diesel, Solar, Fuel Cells, And Others),and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Industry Trends and Forecast to 2025

Key Drivers: 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.

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.

Market Drivers and Restraints:

  • Increased demand for automated grid systems
  • Growing government initiatives
  • Increasing concerns about carbon footprint
  • High installation cost
  • Land acquisition and registration complications

Microgrid is a miniature local electric system which has abilities to provide power either in parallel or isolation from electric grids. It generates, distributes, and regulates the flow of electricity from multiple resources to multiple loads interconnected in a grid. The market is majorly driven by increased demand for automated grid systems and increased government initiatives. However, the high installation costs may restrain the growth of the market.

Market Segmentation:

On the basis of offering :-  hardware, software, and services.

The hardware segment is further sub-segmented:-  switchgears, power inverters, smart meters, reciprocating engines, energy storage systems and power generators.

The services segment is further sub-segmented:-  Engineering and design, monitoring and control, and operations and maintenance.

On the basis of connectivity:-  Grid connected, and remote/island.

On the basis of grid type:- AC, DC, and hybrid.

On the basis of vertical:-  Healthcare, institutions, industrial, military, electric utility, and others.

On the basis of geography:-  North America, South America, Europe, Asia-Pacific, and Middle East & Africa.. In 2017, North America is expected to dominate the market.

Speak to our experts  @ http://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-microgrid-market

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

 

Data Bridge Market Research

Tel: +1-888-387-2818

Email: sopan.gedam@databridgemarketresearch.com

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close