Press release
Microgrid Market will rise due to increasing deployment of microgrids in remote areas | GE, Caterpillar, Schneider Electric, HOMER Energy
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A microgrid is a small-scale energy generation and distribution system, typically located within a single building or campus. Microgrids can operate independently from the traditional grid, providing a reliable source of power during grid outages or periods of high demand.
Key Trends and Drivers
The key trends in the microgrid market are the increasing deployment of microgrids in remote areas, the development of advanced microgrid control systems, and the increasing adoption of microgrids by utilities.
The key drivers of Microgrid Market include the rising investments in renewable energy projects, government initiatives for the development of microgrids, and the increasing need for grid security.
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Market Segments
By Connectivity
• Grid Connected
• Off Grid
By Grid Type
• AC Microgrid
• DC Microgrid
• Hybrid
By Power Source
• Diesel Generator
• Natural Gas
• Solar PV
• Wind
• Others
By Storage Device
• Lithium-ion
• Lead Acid
• Flow Battery
• Flywheel
• Others
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Key Players
• Eaton
• Siemens
• GE
• Caterpillar
• Schneider Electric
• HOMER Energy
• Honeywell International
• Toshiba Corporation
• AMS
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