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Microgrid Technology Market Growth Analysis, Technology Innovation and Future Scope 2024: ABB, GE, Echelon, S&C Electric, Siemens, General Microgrids, Microgrid Solar, Raytheon

02-22-2019 02:13 PM CET | Energy & Environment

Press release from: ReportsWeb

ReportsWeb

ReportsWeb

ReportsWeb.com has announced the addition of the “Global Microgrid Technology Market Growth Status and Outlook 2019-2024” report detailed insights about the aspects responsible for augmenting as well as restraining market growth and analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.

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.

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.

According to this study, over the next five years the Microgrid Technology market will register a 14.2% CAGR in terms of revenue, the global market size will reach US$ 25300 million by 2024, from US$ 11400 million in 2019. In particular, this report presents the global revenue market share of key companies in Microgrid Technology business.

This report presents a comprehensive overview, market shares and growth opportunities of Microgrid Technology market by product type, application,
key companies and key regions.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: ABB, GE, Echelon, S&C Electric, 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, Spirae

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Get more Information Download a Sample Copy at https://www.reportsweb.com/inquiry&RW00012501607/sample

Segmentation by product type:
Grid-Tied Type Microgrid
Independent Type Microgrid

Segmentation by application:
Commercial/Industrial Microgrid
Community/Utility Microgrid
Campus/Institutional Microgrid
Military Microgrid
Remote Microgrid

Research objectives
To study and analyze the global Microgrid Technology market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Microgrid Technology market by identifying its various subsegments.
Focuses on the key global Microgrid Technology players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Microgrid Technology with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Microgrid Technology submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Get Exclusive Discount on Report @ https://www.reportsweb.com/inquiry&RW00012501607/discount

Table of Contents
2019-2024 Global Microgrid Technology Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global Microgrid Technology by Players
4 Microgrid Technology by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Microgrid Technology Market Forecast
11 Key Players Analysis
11.1 ABB
11.1.1 Company Details
11.1.2 Microgrid Technology Product Offered
11.1.3 ABB Microgrid Technology Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 ABB News
11.2 GE
11.2.1 Company Details
11.2.2 Microgrid Technology Product Offered
11.2.3 GE Microgrid Technology Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 GE News
11.3 Echelon
11.3.1 Company Details
11.3.2 Microgrid Technology Product Offered
11.3.3 Echelon Microgrid Technology Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Echelon News

Place Direct Purchase order For Complete report @ https://www.reportsweb.com/buy&RW00012501607/buy/3660

Contact Info:
Name: Sameer Joshi
Organization: ReportsWeb
Email: sales@reportsweb.com
Phone: +1-646-491-9876

About ReportsWeb:
ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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