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Global Microgrid Market Growth Prospects, Key Opportunities, Trends And Forecast 2025

Global Microgrid market

Global Microgrid market report is the hub of the authentic data which gives quality and precise information of the market.  It covers the regions like North America, Asia and Pacific region, Middle east and Africa, Europe and South America and other vital global regions.  Competitors are also analyzed while developing this report so as to strive in the market successfully.   Major factors of the market like Market size, share, trends, value and volume are included in the Global Microgrid market  report.  Different type of tools and techniques are utilized before creating the research report.  Upcoming challenges in the industry are examined and also the guidance to overcome the challenges is provided in this Global Microgrid market report.

Global Microgrid market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.

 Major Competitors/ Company Profiles

Some of the Key players in the Global Microgrid Market are

General Electric Company, Siemens AG, Honeywell International Inc., Eaton Corporation Plc. , Chevron Corporation, Cummins Inc., Green Energy Corp., Power Analytics Corporation, S&C Electric Company, Advanced Microgrid Solutions, Caterpillar Inc.,  Exelon Corporation, Tesla Inc., Toshiba Corporation, are among others whose company profiles are included in the Global Microgrid Market Report.

Target Audience:

  • Microgrid Providers
  • Cloud Service Providers
  • IT Service Providers
  • Software Solution Providers
  • Government Bodies
  • Enterprise Data Center Professionals

Are among the others mentioned in the Global Microgrid Market report.

Key Drivers: 

The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.

Key Points: 

In 2017, the global microgrid market is dominated by ABB with market share of 21.4%, followed by General Electric Company 14.8%, Siemens AG 10.1%, Honeywell International Inc. 8.2%, Eaton Corporation PLC 6.1% and others 39.4%.

  • The DC microgrid segment is dominating the global microgrid market.
  • Hybrid segment is expected to grow with the highest CAGR of 25.0% in the forecast period 2018 to 2025.

Customization Options

  • All segmentation provided above in this report is represented at country level and can be customized according to needs.
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).

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Market Segmentation: 

The global microgrid market is segmented based on grid type into three notable segments; AC microgrid, DC microgrid, and hybrid. In 2018, DC microgrid segment is valued to rule with the highest CAGR.

The global microgrid market is segmented based on connectivity into two notable segments grid connected and remote/island. In 2018, grid connected segment is valued to rule with the highest CAGR.

The global microgrid market is segmented based on offering into hardware, software, and services. The hardware segment is further sub-segmented into switchgears, power inverters, smart meters, reciprocating engines, and energy storage systems and power generators. The energy storage systems and power generators segment is further sub-segmented into power generators and energy storage systems. The power generator includes fuel cells and diesel gensets, chp and micro-chp, micro turbines, and renewables (PV cells, wind based, and others). The energy storage systems include lithium-ion batteries, lead-acid batteries, flywheels, flow batteries, and others. The services segment is further sub-segmented into engineering and design, monitoring and control, and operations & maintenance. In 2018, software segment is valued to rule with highest CAGR.

The global microgrid market is segmented based on vertical into five notable segments healthcare, educational institutions, industrial, military, and electric utility. The industrial segment is further sub segmented as steel, mining, and others. The utility segment is further sub-segmented into urban electrification and rural electrification. In 2018, healthcare segment is valued to rule with the highest CAGR.

The global microgrid market is segmented based on power into natural gas, combined heat and power, diesel, solar, fuel cells, others. In 2018, solar segment is valued to rule with highest the CAGR.

Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

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