Albany, NY -- (SBWire) -- 03/01/2019 --ResearchMoz include new market research report "Global Microgrid Market Size, Status and Forecast 2019-2025" to its huge collection of research reports.

Microgrids utilize distributed energy sources such as diesel generators or renewables for power generation. Advancements in the field of renewable energy and increasing adoption of renewables as a clean source of energy are likely to drive the microgrid market during the forecast period. Moreover, rapid industrialization and urbanization across the globe is driving the demand for reliable and affordable power. The current macrogrids are unable to meet this demand. It can be easily met with the use of microgrids and distributed generation technologies.

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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.

North America is currently the largest microgrid market, having captured nearly half of all vendor revenue activity. The region holds a nearly identical market share (48.59%) compared with data presented in 2016.

ABB, GE and Echelon captured the top three revenue share spots in the Microgrid market in 2016. ABB dominated with 7.53 percent revenue share, followed by GE with 5.64 percent revenue share and Echelon with 5.03 percent revenue share.

The second place is Asia regions; following North America with the Revenue market share over 27.83% in 2016. Europe is another important consumption market of Microgrid Technology.

Microgrid Technology used in industry including Campus/Institutional Microgrid, Community/Utility Microgrid, Commercial/Industrial Microgrid, Military Microgrid and Remote Microgrid. Report data showed that 41.79% of the Microgrid Technology market demand in Campus/Institutional Microgrid, 24.24% in Commercial/Industrial Microgrid, and 21.28% in Community/Utility Microgrid in 2016.

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There are two kinds of Microgrid Technology, which are Grid-Tied Type Microgrid and Independent Type Microgrid. Grid-Tied Type Microgrid is important in the Microgrid Technology, with a Installed Capacity market share nearly 78.30% in 2016.

Briefly speaking, in the next few years, Microgrid Technology industry will still be a rapid development industry. Sales of Microgrid Technology have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.

In 2018, the global Microgrid market size was 11400 million US$ and it is expected to reach 34600 million US$ by the end of 2025, with a CAGR of 14.9% during 2019-2025.

This report focuses on the global Microgrid status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Microgrid development in United States, Europe and China.

The key players covered in this study
ABB
GE
Echelon
S&C Electric Co
Siemens
General Microgrids
Microgrid Solar
Raytheon
Sunverge Energy
Toshiba
NEC
Aquion Energy
EnStorage
SGCC
Moixa
EnSync

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Market segment by Type, the product can be split into
Grid-Tied Type Microgrid
Independent Type Microgrid

Market segment by Application, split into
Commercial/Industrial Microgrid
Community/Utility Microgrid
Campus/Institutional Microgrid
Military Microgrid
Remote Microgrid

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