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Microgrid Market Comprehensive Insight By Growth Rate, Industry Status, Forecast To 2026
Microgrid Market
The regions covered in the microgrid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest microgrid market share.
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The microgrid market consists of sales of microgrids by entities (organizations, sole proprietors, partnerships) that refer to a local energy grid with control capability, which means it can disconnect from the traditional grid and operate autonomously. A microgrid is a self-contained energy system that serves a specific geographic area, such as a college campus, hospital, business center, or neighborhood. Microgrids can strengthen grid resilience and help mitigate grid disturbances by operating while the main grid is down, as well as serve as a grid resource for faster system response and recovery.
Key competitors in the microgrid market include ABB Ltd., Eaton Corporation, General Electric, Siemens AG, Schneider Electric SE, Honeywell International Inc., Advanced Microgrid Solutions, Anbaric Transmission, Canopy Power, Exelon Corporation, Ferroamp, General Microgrids, Go Electric, Gram Power, Toshiba Corporation, S&C Electric, Tesla, Caterpillar, Echelon Corporation, Pareto Energy Limited, and Engie Group.
The global microgrid market size is expected to grow from $9.63 billion in 2021 to $11.9 billion in 2022 at a compound annual growth rate (CAGR) of 23.6%. The global microgrids market size is expected to grow to $25.04 billion in 2026 at a CAGR of 20.4%.
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TBRC's report segments the global microgrid market:
1) By Type: AC Microgrids, DC Microgrids, Hybrid Microgrids
2) By Connectivity: Grid Connected, Off-Grid Connected
3) By Component: Hardware, Software, Services
4) By Application: Remote Systems, Institutional Buildings, Commercial Utility
5) By End-User: Commercial and Industrial, Institutes and Campuses, Military
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The Table of Contents includes:
1. Executive Summary
2. Microgrid Market Characteristics
3. Microgrid Market Trends And Strategies
4. Impact Of COVID-19 On Microgrid
5. Microgrid Market Size And Growth
.....
27. Microgrid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Microgrid Market
29. Microgrid Market Future Outlook and Potential Analysis
30. Appendix
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