Pune, India -- (SBWIRE) -- 06/26/2018 -- 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
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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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
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
- INTRODUCTION
1.1 OVERVIEW OF THE GLOBAL MICROGRID MARKET
1.2 CURRENCY AND PRICING
1.3 LIMITATION
1.4 MARKETS COVERED
- 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
- 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
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Market Segmentation:
- On the basis of offering
- On the basis of connectivity
- On the basis of grid type
- On the basis of vertical
- On the basis of geography
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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.
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