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Global Microgrid Market Size, Share, Growth & Trends, Analysis by 2028
Global Microgrid Market
Natural gas seems to be the dominating power source in the global microgrid industry
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Recent government norms are endorsing the use of highly efficient and renewable power-generating sources that would considerably fuel the demand for natural gas power sources. Owing to the surging demand, the segment is likely to hold the major share of the global microgrid market during the forecast period. Moreover, the growing concerns over fuel diversification have strengthened the social & economic basis for the energy transition, which in turn has propelled the "natural gas" segment of the global sector.
"Grid-connected" category under the grid type segment is likely to proliferate significantly in the coming few years
The key factors behind the considerable expansion of the grid connected systems are the large-scale deployment of renewable energy technologies comprising wind, hydro, & solar energy and the progressive development of utility-based grid infrastructure. Moreover, other attributes that are likely to boost the grid-connected segment of the global market are low energy-storage cost, reduced carbon emission, better adaptability, and improved efficiency. Systems under the grid-connected segment are linked directly to the main power grid and are being used to deliver power across healthcare, manufacturing, and commercial sectors.
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European microgrid market will witness a substantial expansion between 2019 and 2025
The European market has introduced numerous rigid parameters that boost the development of microgrids. The region has primarily focused on large-scale deployment of renewable technology comprising offshore wind, which requires a huge initial investment for setting up infrastructure. The regional government has introduced several promotional schemes, such as tax rebate and feed-in-tariff regulations, to promote the renewable energy-based business.
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Some of the key players driving the global microgrid market are Schneider Electric SE, Lockheed Martin Corporation, Toshiba Corporation, Eaton Corporation, Homer Energy LLC, Viridity Energy Inc., GE Alstom, Exelon Corporation, Caterpillar Inc., Honeywell International, Tesla, Siemens AG, Hitachi, ABB, EnSync Energy Systems, and Advanced Microgrid Solutions.
Browse the full "Global Microgrid Market - By Grid Type (DC Microgrid and AC Microgrid), By Connectivity (Off-Grid and Grid Connected), By Storage (Lead Acid, Lithium-ion, Flywheel, Flow Batteries, and Others), By Power Source (Natural Gas, Diesel Generator, Solar PV, CHP, and Others), By Application (Utility, Military, Educational Institutes, Healthcare, Remote, Industrial/Commercial, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019-2025." Report at https://www.zionmarketresearch.com/report/microgrid-market
The global microgrid market is segmented as:
Global Microgrid Market: By Grid Type Segmentation Analysis
DC Microgrid
AC Microgrid
Global Microgrid Market: By Connectivity Segmentation Analysis
Off-Grid
Grid Connected
Global Microgrid Market: By Storage Segmentation Analysis
Lead Acid
Lithium-Ion
Flywheel
Flow Batteries
Others
Global Microgrid Market: By Power Source Segmentation Analysis
Natural Gas
Diesel Generator
Solar PV
CHP
Others
Global Microgrid Market: By Application Segmentation Analysis
Utility
Military
Educational Institutes
Healthcare
Remote
Industrial/Commercial
Others
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Global Microgrid Market: Regional Segmentation Analysis
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Here are the questions we answerβ¦
What are the future opportunities in store for the vendors operating in the Microgrid Market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Microgrid Market performance?
What are the key trends and dynamics?
Which regulations will impact the industry?
Which segment will offer the most opportunity for growth between 2019 and 2025?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing Microgrid Market growth worldwide?
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