Microgrid Market 2018: Industry Trends, Demand, Global Analysis, Growth, Latest Research and Forecast to 2024

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.

The Global Microgrid Market accounted for USD 18.2 billion in 2016 growing at a CAGR of 14.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The report for Global Microgrid Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Global Microgrid Market By Geography, Offering (Hardware, Software, Services), Connectivity (Grid Connected, Remote/Island), Grid Type (AC, DC, Hybrid), Vertical (Healthcare, Institutions, Industrial, Military, Electric Utility) – Industry Trends and Forecasts 2024

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

TABLE OF CONTENTS

1. INTRODUCTION

1.1 OVERVIEW OF THE GLOBAL MICROGRID MARKET

1.2 CURRENCY AND PRICING

2. MARKET SEGMENTATION

2.1 KEY TAKEAWAYS

2.2 ARRIVING AT THE GLOBAL MICROGRID MARKET SIZE

3 GLOBAL MICROGRID MARKET: OVERVIEW

3.1 DRIVERS

3.3 OPPORTUNITIES

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

6 GLOBAL MICROGRID MARKET, BY GRID TYPE

6.1 OVERVIEW

6.2 AC MICROGRID

7 GLOBAL MICROGRID MARKET, BY CONNECTIVITY

7.1 OVERVIEW

7.2 GRID CONNECTED

8 GLOBAL MICROGRID MARKET, BY OFFERING

8.1 OVERVIEW

8.2 HARDWARE

9 GLOBAL MICROGRID MARKET, BY VERTICAL

9.1 OVERVIEW

9.2 HEALTHCARE

10 GLOBAL MICROGRID MARKET, BY POWER SOURCE

11. GLOBAL MICROGRID MARKET, BY GEOGRAPHY

11.1 COUNTRYWISE GLOBAL MICROGRID MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY) 

11.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES

12 GLOBAL MICROGRID MARKET: COMPETITIVE LANDSCAPE

12.11. PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS

13 GLOBAL MICROGRID MARKET, COMPANY PROFILES

Read More ……

Market Segmentation:

On the basis of offering 

The hardware segment is further sub-segmented

The services segment is further sub-segmented

On the basis of connectivity

On the basis of grid type

On the basis of vertical

On the basis of geography

Major Market Competitors:

• ABB Ltd.,
• General Electric Company,
• Eaton,
• Siemens AG,
• Schneider Electric,
• Caterpillar Inc.,
• S&C Electric Company,
• HOMER Energy LLC,
• Power Analytics Corporation,
• Advanced Microgrid Solution,
• Pareto Energy Inc.,
• Green Energy Corporation,
• NREL,
• Sustainable Power System,
• among others.

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