North America Microgrid Market by Product Type, Distribution Channel, End User 2022-2027

According to the latest report by IMARC Group, titled "North America Microgrid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 the North America microgrid market size reached US$ 10.8 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 19.8 Billion by 2027, exhibiting a growth rate (CAGR) of 10.5% during 2022-2027.

Industry Overview:

A decentralized group of electric sources that operate, connect, and are synchronous with the traditional macro grid is known as a microgrid. It consists of power generation system, distribution system, and controls, such as voltage regulation and switch gears providing power backup for the grid in case of emergencies in a cost-effective manner. Enhanced reliability, reduced greenhouse gas (GHG) emissions, and less stress on the transmission and distribution system are some of the benefits offered by microgrids.

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North America Microgrid Market Trends 2027

The availability of reliable, stable and affordable power is facilitating the demand for microgrids, which represents one of the key factors driving the market growth in the region. Moreover, extensive utilization of microgrids in the defence sector is also contributing to the market growth. Other factors, such as rising environmental concerns and technological innovations, along with government initiatives to provide energy-efficient power solutions, are creating a positive outlook for the market across the North American region. 

North America Microgrid Market 2022-2027 Competitive Analysis and Segmentation:

Report Scope:

North America Microgrid Market

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Energy Source
Natural Gas
Combined Heat and Power
Solar Photovoltaic (PV)
Diesel
Fuel Cell
Others

Market by Application
Remote Systems
Institution and Campus
Utility/Community
Defense
Others

Access full report @ https://www.imarcgroup.com/north-america-microgrid-market

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
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Phone: +1-631-791-1145
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City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/

About Us:

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.

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