North America Microgrid market Growth Analysis By Top Key Player - ABB Ltd, Eaton Corporation, Siemens, Schneider Electric, Caterpillar Inc, Honeywell International, Homer Energy LLC, Tesla, EnSync Inc, Advanced Microgrid Solutions, Advanced Microgrid Sol

Market Study Report newly added the North America Microgrid market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.

Natural gas microgrid market will grow on account of stringent government measures pertaining to the adoption of lower emission fuel as a replacement for conventional fuel sources. Ongoing investment toward exploration of unconventional fuel reserves owing to escalating gas demand will enhance the industry outlook. Amren Corporation in 2017, developed an advanced microgrid which utilizes, solar, natural gas and wind energy as a source along with an integrated battery storage and automation system.

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Meticulously analyzed in terms of pivotal industry segments, North America Microgrid market report effectively covers the scope of this space in terms By Application, By Source, By Storage, By Application and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

The report extensively bifurcates the various contenders of North America Microgrid market. Prominent contributors such as ABB Ltd, Eaton Corporation, Siemens, Schneider Electric, Caterpillar Inc, Honeywell International, Homer Energy LLC, Tesla, EnSync Inc, Advanced Microgrid Solutions, Advanced Microgrid Solutions, Viridity Energy Solutions, Inc, Toshiba Corporation, Exelon Corporation, Power Analytics Corporation, Hitachi, Lockheed Martin Corporation have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

Canada microgrid market is predicted to reach deployment of over 400 MW capacity by 2024. Growing electricity demand across remote and off grid areas along with upsurge in investments toward the adoption of clean energy technology will complement the business growth. Furthermore, ongoing development of distributed energy sources to minimize the dependency on conventional grid will enhance the industry outlook. In 2016 Canada government made an investment of USD 2.4 billion for developing wind and solar energy sources.

Increasing high-end power consumption across the industries on account of development of new HVAC systems and heavy load machineries will foster the microgrid market. Growing electricity demands across hospitals, retail outlets, automotive, manufacturing operations, offices and industries will encourage product penetration across commercial and industrial application. For instance, as per EIA, the commercial and industrial sector in 2017 accounted about 4.5% and 22.4 % of the primary energy consumption respectively.

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Flow batteries accounted for over 5% of North America microgrid market in 2017. Ongoing investment pertaining to the integration of sustainable grid coupled with innovations toward the development of cost-effective and efficient storage technologies will propel the industry growth. key features including long life cycle and higher efficiency will further encourage the product adoption over available substitutes.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America microgrid market Industry Insights
Chapter 4. North America Microgrid Market, By Connectivity
Chapter 5. North America Microgrid Market, By Grid Type
Chapter 6. North America Microgrid Market, By Power Source
Chapter 7. North America Microgrid Market, By Storage Devices
Chapter 8. North America Microgrid Market, By Application
Chapter 9. North America Microgrid Market, By Country
Chapter 10. Company Profiles

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Related Report:

Global Microgrid as a Service (MaaS) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023

The market growth can be attributed to the reduction in operational costs and negligible upfront investments by MaaS end users, rising demand for MaaS from hospitals, universities, and remote regions and high investments by governments in microgrid infrastructure for improved resilience.

https://www.marketstudyreport.com/reports/global-microgrid-as-a-service-maas-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023?utm_source=RR-PSR

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