Pune, India -- (SBWIRE) -- 03/05/2018 -- 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
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
1.1 OVERVIEW OF THE GLOBAL MICROGRID MARKET
1.2 CURRENCY AND PRICING
1.4 MARKETS COVERED
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL MICROGRID MARKET SIZE
2.3 GLOBAL MICROGRID MARKET: RESEARCH SNAPSHOT
3 GLOBAL MICROGRID MARKET: OVERVIEW
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
6 GLOBAL MICROGRID MARKET, BY GRID TYPE
6.2 AC MICROGRID
6.3 DC MICROGRID
7 GLOBAL MICROGRID MARKET, BY CONNECTIVITY
7.2 GRID CONNECTED
8 GLOBAL MICROGRID MARKET, BY OFFERING
9 GLOBAL MICROGRID MARKET, BY VERTICAL
9.3 EDUCATIONAL INSTITUTIONS
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
12.10. REGULATORY CHANGES
12.11. PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
13 GLOBAL MICROGRID MARKET, COMPANY PROFILES
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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
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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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:
General Electric Company,
S&C Electric Company,
HOMER Energy LLC,
Power Analytics Corporation,
Advanced Microgrid Solution,
Pareto Energy Inc.,
Green Energy Corporation,
Sustainable Power System,
Key Questions Answered in Global Microgrid Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Microgrid Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Microgrid Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Microgrid Market?
What are Opportunities, Risk and Driving Force of Global Microgrid Market?
What are the opportunities and threats faced by the vendors in Global Microgrid Market?
Business Overview by Type, Applications, Gross Margin and Market Share
What are the Global Microgrid Market opportunities, market risk and market overview of the Market?
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