Press release
Global Microgrid Market Challenges & Competitive Landscape 2018: Siemens AG, General Electric, S&C Electric Company, ABB Group, Schneider Electric SE, Engie Group, Honeywell International Inc.
Microgrid is an arrangement of distributed energy sources and loads as a single controllable entity within a well-defined electric boundaries. Microgrids can connect to and disconnect from utility grids, enabling them to operate in a grid-connected and island mode and offering better reliability and grid resilience. Microgrids provide several benefits such as integration of smart grids and grid modernization. Moreover, they act as a power backup in case of main grid failure. Increasing demand for power and advancements in the distributed generation technology are anticipated to drive the microgrid market in the next few years.
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The report provides the actual market size of the microgrid market for 2017 and the estimated market size for 2018 with forecast for the next eight years. The size of the global microgrid market has been provided in terms of volume and value. The market volume has been defined in megawatts, while the market value has been defined in US$ Mn. Market numbers have been estimated based on connectivity and application segments of the microgrid market. The market size have been provided for global, regional, and country-level markets.
The report comprises profiles of major companies operating in the global microgrid market. Key players in the market are Siemens AG, General Electric, S&C Electric Company, ABB Group, Schneider Electric SE, Engie Group, Honeywell International Inc., Echelon Corporation, Pareto Energy Limited, Toshiba Corporation, Duke Energy Corporation, and Power Analytics Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, regional presence, and recent developments.
The global microgrid market has been segmented as follows:
Global Microgrid Market, by Connectivity
Grid-tied (Grid-connected)
Off-grid
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Global Microgrid Market, by Application
Campus & Institution
Community & Utility
Commercial & Industrial
Defense & Military
Remote Island
Global Microgrid Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Denmark
Russia & CIS
Norway
Rest of Europe
Asia Pacific
China
India
Australia
ASEAN
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Key Takeaways
The report provides extensive analysis of the microgrid market trends and shares from 2017 to 2026 to identify growth opportunities and analyze market developments
The grid-tied (grid-connected) segment accounts for a prominent market share, due to high demand for reliable and affordable power from industrial, commercial, communities, and other end-users
Among applications, the community & utility segment is anticipated to expand at a significant rate during the forecast period
Among regions, the market in Asia Pacific is expected to expand at a significant rate during the forecast period
Aging power infrastructure, increasing incidence of power outages, and rising distributed generation capacities are expected to drive the microgrid market in the near future.
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