Press release
Microgrid Market like Siemens AG, Schneider Electric, Caterpillar Inc., S&C Electric Company are Dominating the Industry according to Forecast of 2024
Global Micro grid Market – Industry Trends and Forecasts 2024
The Global Microgrid Market accounted for USD 18.2 billion in 2016 growing at a CAGR of 14.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Microgrid Market By Geography, Offering (Hardware, Software, Services), Connectivity (Grid Connected, Remote/Island), Grid Type (AC, DC, Hybrid), Vertical (Healthcare, Institutions, Industrial, Military, Electric Utility) – Industry Trends and Forecasts 2024
Market Definition:
Microgrid is a miniature local electric system which has abilities to provide power either in parallel or isolation from electric grids. It generates, distributes, and regulates the flow of electricity from multiple resources to multiple loads interconnected in a grid. The market is majorly driven by increased demand for automated grid systems and increased government initiatives. However, the high installation costs may restrain the growth of the market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1 OVERVIEW OF THE GLOBAL MICROGRID MARKET
1.2 CURRENCY AND PRICING
1.3 LIMITATION
1.4 MARKETS COVERED
2. MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL MICROGRID MARKET SIZE
2.3 GLOBAL MICROGRID MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 GLOBAL MICROGRID MARKET: OVERVIEW
3.1 DRIVERS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
6 GLOBAL MICROGRID MARKET, BY GRID TYPE
6.1 OVERVIEW
6.2 AC MICROGRID
6.3 DC MICROGRID
6.4 HYBRID
7 GLOBAL MICROGRID MARKET, BY CONNECTIVITY
7.1 OVERVIEW
7.2 GRID CONNECTED
7.3 REMOTE/ISLAND
8 GLOBAL MICROGRID MARKET, BY OFFERING
8.1 OVERVIEW
8.2 HARDWARE
8.3 SOFTWARE
8.4 SERVICES
9 GLOBAL MICROGRID MARKET, BY VERTICAL
9.1 OVERVIEW
9.2 HEALTHCARE
9.3 EDUCATIONAL INSTITUTIONS
9.4 INDUSTRIAL
9.7 OTHERS
10 GLOBAL MICROGRID MARKET, BY POWER SOURCE
11. GLOBAL MICROGRID MARKET, BY GEOGRAPHY
11.1 COUNTRYWISE GLOBAL MICROGRID MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
11.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
12 GLOBAL MICROGRID MARKET: COMPETITIVE LANDSCAPE
12.1. GLOBAL MICROGRID MARKET: COMPANY SHARE ANALYSIS
12.2. NORTH AMERICA MICROGRID MARKET: COMPANY SHARE ANALYSIS
12.3. EUROPE MICROGRID MARKET: COMPANY SHARE ANALYSIS
12.4. APAC MICROGRID MARKET: COMPANY SHARE ANALYSIS
12.5. MEA MICROGRID MARKET: COMPANY SHARE ANALYSIS
12.6. SOUTH AMERICA MICROGRID MARKET: COMPANY SHARE ANALYSIS
12.7. MERGERS & ACQUISITIONS
12.8. NEW PRODUCT DEVELOPMENT & APPROVALS
12.9. EXPANSIONS
12.10. REGULATORY CHANGES
12.11. PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
13 GLOBAL MICROGRID MARKET, COMPANY PROFILES
Read More ……
Market Drivers And Restraints:
• Increased demand for automated grid systems
• Growing government initiatives
• Increasing concerns about carbon footprint
• High installation cost
• Land acquisition and registration complications
Market Segmentation:
On the basis of offering :- hardware, software, and services.
The hardware segment is further sub-segmented:- switchgears, power inverters, smart meters, reciprocating engines, energy storage systems and power generators.
The services segment is further sub-segmented:- Engineering and design, monitoring and control, and operations and maintenance.
On the basis of connectivity:- Grid connected, and remote/island.
On the basis of grid type:- AC, DC, and hybrid.
On the basis of vertical:- Healthcare, institutions, industrial, military, electric utility, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa.. In 2017, North America is expected to dominate the market.
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Competitive Analysis:
The report for Global Microgrid Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors:
• ABB Ltd.,
• General Electric Company,
• Eaton,
• Siemens AG,
• Schneider Electric,
• Caterpillar Inc.,
• S&C Electric Company,
• HOMER Energy LLC,
• Power Analytics Corporation,
• Advanced Microgrid Solution,
• Pareto Energy Inc.,
• Green Energy Corporation,
• NREL,
• Sustainable Power System,
• among others.
Read more about this Report @ http://databridgemarketresearch.com/reports/global-microgrid-market/
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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