Global Microgrid Technology Sales Market 2023-2029 Analysis: Industry Trends, Share, Size, Revenue, Insights, and Forecast of Leading Players | General Microgrids, Microgrid Solar, Raytheon, Sunverge Energy

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.

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Market Analysis and Insights: Global Microgrid Technology Market
Due to the COVID-19 pandemic, the global Microgrid Technology market size is estimated to be worth US$ 19590 million in 2022 and is forecast to a readjusted size of US$ 49220 million by 2029 with a CAGR of 13.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Grid-Tied Type Microgrid accounting for % of the Microgrid Technology global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Commercial/Industrial segment is altered to an % CAGR throughout this forecast period.

Global Microgrid Technology main players are ABB, GE, Echelon, NEC , Aquion Energy, etc. Global top five manufacturers hold a share over 25%. North America is the largest market, with a share nearly 45%.

Global Microgrid Technology Scope and Market Size
The global Microgrid Technology market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Microgrid Technology market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.

Segment by Type
- Grid-Tied Type Microgrid
- Independent Type Microgrid

Segment by Application
- Commercial/Industrial
- Community/Utility
- Campus/Institutional
- Military
- Remote
- Others

By Region
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Other Regions

By Company
- 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

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