Microgrid Market By Growth Analysis and Key Players Honeywell, Schneider Electric, Siemens, ABB, Advanced Microgrid Solutions, Emersion, GE Alstom, EnSync Inc, Caterpillar

Market Study Report adds 2017-2024 Global Microgrid market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

The U.S. microgrid market is set to reach over 2 GW by 2024. Growing deployment of sustainable energy sources to reduce the dependence on existing electric networks will positively encourage the industry dynamics. Increasing investments across clean energy sources in the country will further propel the business landscape. According to IEA in 2016, the U.S. invested over USD 250 billion toward development of various energy sources across the nation.

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Growing off-grid networks across developing nations will complement the microgrid market outlook in next few years. Favorable government norms pertaining to integration of renewable energy technology coupled with ongoing measures to electrify rural and urban areas will foster the microgrid market share. Power reliability, economic competitiveness, relatively low power cost and reduced T&D losses are some of the key parameters which will boost the product adoption. Global microgrid market will exceed USD 19 billion by 2024, according to a new research report.

Deployment of captive power generation as a key alternative to the regulated electricity supply in industrial sector will positively impact the business growth. Regulatory inclination to maintain central grid stability coupled with growing measures toward security of power supply will fuel the microgrid market. Rapid technological advancements in line with the development of efficient energy storage systems and control distribution units will further complement the industry outlook.

Utility microgrid market is set to grow owing to the rapid industrialization and urbanization across the emerging economies. Escalating high-end electricity consumption backed by the presence of new HVAC and heavy load machinery systems in the industrial sector will foster the business growth.

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Rising concerns toward energy security coupled with increasing adoption of sustainable energy sources will stimulate the Japan microgrid market. Government backed extensive research and development projects along with implementation of virtual private networks (VPPs) to mitigate emergency crisis will further embellish the business outlook. In 2017, Panasonic in collaboration with Japanese Ministry of Economy, Trade and Industry planned to build Solar PV powered microgrid to provide electricity to 117 homes in western Japan.

Eminent players across the microgrid market include ABB, Schneider Electric, Siemens, Advanced Microgrid Solutions, Emersion, GE Alstom, Honeywell, EnSync Inc, Caterpillar, Viridity Energy Inc, Lockheed Martin Corporation, Exelon Corporation and Power Analytics Corporation.

Table of Contents

Chapter 1. Microgrid Market Methodology and Scope

Chapter 2. Microgrid Market Executive Summary

Chapter 3. Microgrid Market Industry Insights

Chapter 4. Microgrid Market, By Connectivity

Chapter 5. Microgrid Market, By Grid Type

Chapter 6. Microgrid Market, By Power Source

Chapter 7. Microgrid Market, By Storage Devices

Chapter 8. Microgrid Market, By Application

Chapter 9. Microgrid Market, By Region

Chapter 10. Microgrid Market Company Profiles

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Global Microgrid Market Size, Status and Forecast 2025

This report studies the global Microgrid market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Microgrid market by companies, region, type and end-use industry.
https://www.marketstudyreport.com/reports/global-microgrid-market-size-status-and-forecast-2025/?utm_source=RR-SP

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