Microgrid Technology Market to Reach USD 25300 Million by 2023 | Analysis by Top Key Players Echelon, Siemens, ABB, GE, General Microgrids, Microgrid Solar, Raytheon, Sunverge Energy, Toshiba, NEC, Aquion Energy, EnStorage, EnSync, Ampard, Green Energy Co

The Microgrid Technology Market is expected to reach USD 25300 Million by 2023 from USD 11400 Million in 2017, at a CAGR grow of roughly 14.2% over the next five years.

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.

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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.
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.

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.

Microgrid Technology Market Segment by Top Manufacturers Including:
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 and Spirae, Inc.

Microgrid Technology Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Microgrid Technology Market Segment by Type covers
• Grid-Tied Type Microgrid
• Independent Type Microgrid

Market Segment by Applications can be divided into:
• Commercial/Industrial Microgrid
• Community/Utility Microgrid
• Campus/Institutional Microgrid
• Military Microgrid
• Remote Microgrid

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There are 15 Chapters to deeply display the global Microgrid Technology market.

Chapter 1, to describe Microgrid Technology Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Microgrid Technology, with sales, revenue, and price of Microgrid Technology, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Microgrid Technology, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, Microgrid Technology market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe Microgrid Technology sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Table of Contents

1. Microgrid Technology Market Overview

2. Microgrid Technology Market Manufacturers Profiles

3. Global Microgrid Technology Market Competition, by Players

4. Global Microgrid Technology Market Size by Regions

5. North America Microgrid Technology Revenue by Countries

6. Europe Microgrid Technology Revenue by Countries

7. Asia-Pacific Microgrid Technology Revenue by Countries

8. South America Microgrid Technology Revenue by Countries

9. Middle East and Africa Revenue Microgrid Technology by Countries

10. Global Microgrid Technology Market Segment by Type

11. Global Microgrid Technology Market Segment by Application

12. Global Microgrid Technology Market Size Forecast (2018-2023)

13. Research Findings and Conclusion

Related Report:

2018-2023 United States Microgrid Technology Market Report (Status and Outlook)

In 2017, the Microgrid Technology market size was xx million in United States, and it will be xx million in 2023, with a CAGR of xx% between 2017 and 2023.

https://www.marketstudyreport.com/reports/2018-2023-united-states-microgrid-technology-market-report-status-and-outlook?utm_source=RR-SP

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