Press release
Microgrid Market 2018 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., Exelon, Tesla
Global Micro grid Market – Industry Trends and Forecasts 2025
The Global Microgrid market systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations. 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 Global Microgrid Market.
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Market Analysis
The Global Microgrid Market is expected to be a multi-billion-dollar market and to grow at a healthy rate during the forecast period, from 2018 to 2025.
In April 2018, ABB (Switzerland) expanded its business in Asia-Pacific region by opening a new Microgrid with battery storage solution at Vadodara, Gujrat in India. This microgrid enables green power supplies with cost effective power supply even during cloudy weather and this development will help grow the Global Microgrid 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
Major Competitors/ Company Profiles
Some of the Key players in the Global Microgrid Market are
General Electric Company
Siemens AG
Honeywell International Inc.
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,
are among others whose company profiles are included in the Global Microgrid Market Report.
In April 2018, ABB (Switzerland) expanded its business in Asia-Pacific region by opening a new Microgrid with battery storage solution at Vadodara, Gujrat in India. This microgrid enables green power supplies with cost effective power supply even during cloudy weather.
In June 2018, ABB (Switzerland) expanded its business in South Africa by opening a new microgrid in Johannesburg, South Africa. This microgrid solution focuses on providing continuity of power supply and also to reduce carbon emissions.
Market Segmentation:
By Grid Type
AC Microgrid
DC Microgrid
Hybrid
By Connectivity
Grid Connected
Remote/Island
By Offering
Hardware
Software
Services
By Vertical
Healthcare
Educational Institutions
Industrial
Military
Electric Utility
By Power
Natural Gas
Combined Heat And Power
Diesel
Solar
Fuel Cells
By Geography
Based On Geography,
The Global Microgrid Market Is Segmented Into 5 Geographical Regions, North America, Europe, Asia-Pacific, South America And Middle East And Africa.
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Target Audience:
Microgrid Providers
Cloud Service Providers
IT Service Providers
Software Solution Providers
Government Bodies
Enterprise Data Center Professionals
Are among the others mentioned in the Global Microgrid Market report.
Reason to buy the Report:
It helps to know that the Global Microgrid Market product sections along with their future forecast.
It aids for making informed business decisions by utilizing a comprehensive analysis of market sections and from having whole insights of Global Microgrid Market industry.
It poses a forward-looking prospect on distinct facets controlling and Microgrid Market development.
This poses a seven year Global Microgrid Market forecast assessment primarily based mostly on the way the sectors are anticipated.
Customization Options
All segmentation provided above in this report is represented at country level and can be customized according to needs.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
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.
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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.
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Email: sopan.gedam@databridgemarketresearch.com
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