openPR Logo
Press release

$43+ Bn Microgrid Market Report 2021-26: Industry Trends, Market Share, Size, Growth and Forecast

09-14-2021 08:06 AM CET | Energy & Environment

Press release from: IMARC Group

Global Microgrid Market Research Report

Global Microgrid Market Research Report

The global microgrid market size is projected to reach US$ 43.7 Billion by 2026, expanding at a CAGR of 10.1% during (2021-2026), according to the latest report by IMARC Group.

A microgrid represents a distinct energy system that comprises of interconnected loads and distributed energy resources capable of operating independently or in parallel with the primary power grid. It is considered as the smaller version of the power grids that deliver electricity from producers to consumers. Microgrids help in minimizing the overall costs and providing backup for the main grid in case of emergencies. They are usually powered by batteries, distributed generators, solar panels, etc.

Download free sample of the report: https://www.imarcgroup.com/microgrid-market/requestsample

The rising number of innovative technological advancements is one of the primary factors driving the global microgrid market. These advancements include the introduction of control and dispatch strategies, enhancement in load management, integration with inverter interfaced distributed generation systems, etc. Moreover, the increasing environmental awareness among consumers, coupled with the accelerating popularity of renewable energy, is further propelling the product demand. Besides this, the implementation of favorable policies by government bodies and NGOs across the globe to popularize solar and wind energy farms, in addition to hydro, geothermal, waste-to-energy, and combined heat and power (CHP) systems, is also augmenting the global market. Furthermore, the growing product utilization to improve security against cyberattacks and the risk of grid outages is expected to fuel the microgrid market over the forecasted period.

Browse full report with TOC: https://www.imarcgroup.com/microgrid-market

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Who are the Major Microgrid Market Key players?

The report provides a detailed analysis of the market leaders, including.

• Lockheed Martin Corporation,
• Eaton Corporation, PLC (ETN)
• ABB Ltd (ABB)
• SIEMENS AG (SIEGY)
• General Electric.

Also Read: Top Microgrid Companies Worldwide: https://www.imarcgroup.com/top-5-manufacturers-operating-global-microgrid-industry

The report has segmented on the basis of energy source, application and geography

By Energy Source

1. Natural Gas
2. Combined Heat and Power
3. Solar Photovoltaic (PV)
4. Diesel
5. Fuel Cell
6. Others

By Application

1. Remote Systems
2. Institution and Campus
3. Utility/Community
4. Defence
5. Others

By Region:

1. Europe
2. Asia Pacific
3. North America
4. Middle East and Africa
5. Latin America

Browse related reports:

Hydrogen Generation Market Report: https://www.imarcgroup.com/hydrogen-generation-market

Air Handling Unit (AHU) Market Report: https://www.imarcgroup.com/air-handling-unit-market

Microturbine Market Report: https://www.imarcgroup.com/microturbine-market

Portable Generator Market Report: https://www.imarcgroup.com/portable-generator-market

Petroleum Coke Market Report: https://www.imarcgroup.com/petroleum-coke-market

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release $43+ Bn Microgrid Market Report 2021-26: Industry Trends, Market Share, Size, Growth and Forecast here

News-ID: 2391480 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Microgrid

Microgrid Technology Market Report- Trends, Segmentation, Market Growth | Genera …
The Microgrid Technology Market research report offers data regarding new recent developments, import/export analysis, value chain optimization, and trade regulations. In addition, other data like Microgrid Technology Market size, strategic market share, localized market players, analyses of opportunities in the emerging revenue pockets, strategic Microgrid Technology Market growth, product launches, geographical expansions, and technological innovations are also encompassed in Microgrid Technology Market report. Get FREE PDF Sample of the Report @
Microgrid Quick Quote Tool
May 18, 2021 | Scale Microgrid Solutions: We are excited to announce that we have developed a Microgrid Quick Quote tool that is now available for facilities located within the PG&E and SCE utility service areas. We’ve always aimed to simplify microgrid projects, like with our Rapid Response Modular Microgrid (R2M2), which expedites the project development timeline and reduces costs by leveraging a modular, productized solution. Now, you can take the
Microgrid Market
Microgrids are a managed network of linked charges and dispersed power sources that interact with the main power grid in a synchronised and synchronous way. These grids can also operate through off-grid and remote areas in disconnected mode, and work autonomously based on economic and physical conditions. Microgrid market is expected to grow at a CAGR of 10.8% in the forecast period of 2020 to 2027. Data Bridge Market Research report
Microgrid Market Opportunities and Challenges
The report "Microgrid Market by Connectivity (Grid Connected and Off-Grid Connected), Offering (Hardware and Software & Services), End-Use (Commercial & Industrial, Remote, Instituites & Campuses), Grid Type, Pattern, Region - Global Forecast to 2025", is projected to reach USD 47.4 billion by 2025 from USD 28.6 billion in 2020, at a CAGR of 10.6% between 2020 and 2025. Rising demand for clean energy, increasing instances of cyberattacks on energy infrastructures,
Global Microgrid Market
The Microgrid market was valued at USD 25.5 billion in the year 2019. It is projected to grow at a CAGR of 10.9% over the period 2020 -2026. The current situation of the COVID-19 pandemic has impacted the global Microgrid market in a negative way such that it is expected to experience a notable decline. Because of the imposition of lockdown in different countries, the demand for power has been declined
Microgrid Control System Market
Microgrid Control System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/107776 UpMarketResearch offers a latest published report on “Global Microgrid Control System Market Analysis and Forecast 2019 - 2025” delivering key insights and providing a competitive