Microgrid Technology Market by Business Opportunity, Demand, Recent trends, Major Driving Factors and Future Growth Strategies 2023

ReportsWeb Adds “2018 Top 5 Microgrid Technology Players in North America Europe Asia-Pacific South America Middle East and Africa” The objective of the report is to define, describe, and forecast the size on the basis of technologies, stages, components, applications, deployment types, organization size, industry types, and regions.

Microgrid is a localized power system comprised of distributed generation assets, energy storage devices, and smart distribution technologies that interoperates through controls and software-based intelligence systems.

Microgrid is among the most promising tools of modern distribution networks due to their versatility. Once fully customized to the electricity and heating needs of a specific end user, they can simultaneously deliver enhanced reliability, energy and cost efficiency as well as environmental benefits. Microgrid for critical infrastructure (schools, hospitals, universities, wastewater treatment plants, etc.), mainly in cities and small communities, will grow fastest by project number within the next five years, driven by CHP incentives and State resiliency programs along the East Coast, while military Microgrid will add significant additional capacity to the current microgrid landscape.

North America is currently the largest microgrid market, having captured nearly half of all vendor revenue activity. The region holds a nearly identical market share (48.59%) compared with data presented in 2016.

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Companies Profiled in this report includes: ABB, GE, Echelon, S&C Electric Co, Siemens, General Microgrids, Microgrid Solar, Raytheon, Sunverge Energy, Toshiba, NEC, Aquion Energy, EnStorage, SGCC, Moixa, EnSync, Ampard, Green Energy Corp, Growing Energy Labs Inc, HOMER Energy, Spirae, Inc.

ABB, GE and Echelon captured the top three revenue share spots in the Microgrid market in 2016. ABB dominated with 7.53 percent revenue share, followed by GE with 5.64 percent revenue share and Echelon with 5.03 percent revenue share.

The second place is Asia regions; following North America with the Revenue market share over 27.83% in 2016. Europe is another important consumption market of Microgrid Technology.

Microgrid Technology used in industry including Campus/Institutional Microgrid, Community/Utility Microgrid, Commercial/Industrial Microgrid, Military Microgrid and Remote Microgrid. Report data showed that 41.79% of the Microgrid Technology market demand in Campus/Institutional Microgrid, 24.24% in Commercial/Industrial Microgrid, and 21.28% in Community/Utility Microgrid in 2016.

There are two kinds of Microgrid Technology, which are Grid-Tied Type Microgrid and Independent Type Microgrid. Grid-Tied Type Microgrid is important in the Microgrid Technology, with a Installed Capacity market share nearly 78.30% in 2016.

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Briefly speaking, in the next few years, Microgrid Technology industry will still be a rapid development industry. Sales of Microgrid Technology have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.

Over the next five years, Publisher projects that Microgrid Technology will register a 14.2% CAGR in terms of revenue, reach US$ 25300 million by 2023, from US$ 11400 million in 2017.

Table of Content:

2018 Top 5 Microgrid Technology Players in North America, Europe, Asia-Pacific, South America, Middle East and Africa

1 Microgrid Technology Market Overview

2 Global Microgrid Technology Sales, Revenue (Value) and Market Share by Players

3 Global Microgrid Technology Sales, Revenue (Value) by Regions, Type and Application (2013-2018)

4 North America Top 5 Players Microgrid Technology Sales, Revenue and Price

5 Europe Top 5 Players Microgrid Technology Sales, Revenue and Price

6 Asia-Pacific Top 5 Players Microgrid Technology Sales, Revenue and Price

7 South America Top 5 Players Microgrid Technology Sales, Revenue and Price

8 Middle East & Africa Top 5 Players Microgrid Technology Sales, Revenue and Price

9 Global Microgrid Technology Players Profiles/Analysis

9.1 ABB

9.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

9.1.2 Microgrid Technology Product Types, Application and Specification

9.1.2.1 Product A

9.1.2.2 Product B

9.1.3 ABB Microgrid Technology Sales, Revenue, Price and Gross Margin (2013-2018)

9.1.4 Main Business/Business Overview

9.1.5 ABB News

9.2 GE

9.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

9.2.2 Microgrid Technology Product Types, Application and Specification

9.2.2.1 Product A

9.2.2.2 Product B

9.2.3 GE Microgrid Technology Sales, Revenue, Price and Gross Margin (2013-2018)

9.2.4 Main Business/Business Overview

9.2.5 GE News

9.3 Echelon

9.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors

9.3.2 Microgrid Technology Product Types, Application and Specification

9.3.2.1 Product A

9.3.2.2 Product B

9.3.3 Echelon Microgrid Technology Sales, Revenue, Price and Gross Margin (2013-2018)

9.3.4 Main Business/Business Overview

9.3.5 Echelon News

10 Global Microgrid Technology Market Forecast (2018-2023)

11 Microgrid Technology Manufacturing Cost Analysis

12 Industrial Chain, Sourcing Strategy and Downstream Buyers

13 Marketing Strategy Analysis, Distributors/Traders

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