Microgrid Market Segmentation, Industry Analysis By Production, Consumption, Revenue And Growth Rate
- elizabethsanchez28
- Jul 5, 2021
- 4 min read
Emergen Research offers an updated and up-to-the-minute study on the Global Microgrid Market and contains estimations of market size, revenue, production and consumption, CAGR, gross margin, price analysis, and other key elements. The report also offers a comprehensive study about the current and emerging trends observed in the market, along with an emphasis on the key driving and restraining factors. The report further sheds light on the micro and macro-economic aspects that are anticipated to shape the demand of the Microgrid industry. Moreover, it also covers the competitive landscape, including the profiles and business overview of the key companies and SWOT analysis.
The commercial and the industrial sector are increasingly adopting microgrid technology in order to reduce the emission levels and avail a reliable and uninterrupted supply of electricity in remote areas. The declining cost of renewable energy sources is also a contributing factor to the increasing demand of the microgrid facility. The microgrid is also used in the defense services and research labs to have a secure network from independent external power stations and reduce the risks of cyber-attacks.
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Key Highlights From The Report
· In September 2019, Honeywell and NRStor C&I Launch the largest Behind-the-Meter Battery Energy storage Program in the world.
· Combined heat & power (CHP) held the largest market share of 34.0% in the year 2019 due to the increasing adoption of sustainable sources of power generation, including hydro, solar, and wind energy.
· The grid-connected segment is forecasted to grow with the fastest CAGR of 10.6% over the forecast period. Reliable power supply, improved resiliency & efficiency, low cost of energy storage, and reduction in the emission level are some of the driving factors of the segment.
· Key participants include Siemens, Honeywell, General Electric (GE), ABB, Schneider Electric, Eaton, Exelon Corporation, Spirae, Inc., S & C Electric Company, and Homer Energy, among others.
Market Segmentation:
Emergen Research has segmented the global Microgrid Market on the basis of Power, Product, Application, and region:
· Power Outlook (Revenue, USD Billion; 2017-2027)
o Combined heat & power (CHP)
o Solar Photovoltaic (PV)
o Natural Gas
o Fuel Cell
o Diesel
o Others
· Product Outlook (Revenue, USD Billion; 2017-2027)
o Grid-connected
o Hybrid
o Remote
· Application Outlook (Revenue, USD Billion; 2017-2027)
o Commercial
o Defense
o Government
o Education
o Utility
o Others
The most prominent geographical segments covered in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Fundamental Market Parameters Elucidated in the Report:
Market dynamics: The Microgrid market report explains the scope of various commercial possibilities over the next few years and further estimates revenue build-up over the forecast years. It analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers in developing vital strategies for profitable business expansion.
Competitive Outlook: The established market players operating in the Microgrid industry have been listed in this report, with a major focus on their geographical reach and production facilities. To gain a competitive advantage over the other players in the Microgrid industry, the leading players are focusing more on offering products at rational prices.
Objectives of the Report: The chief aim of the research report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Microgrid market.
Table Of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Microgrid Market Segmentation & Impact Analysis 4.1. Microgrid Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rising power demand in developing economies 4.2.2.2. Increasing adoption of renewable energy sources for power generation 4.2.2.3. Increasing demand for reliable power supply 4.2.3. Market restraints analysis 4.2.3.1. High Installation costs of the microgrid technology 4.2.3.2. Present challenging economic conditions due to the pandemic 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. Microgrid Market By Power Insights & Trends, Revenue (USD Million), Volume (Kilo Tons) 5.1. Power Dynamics & Market Share, 2019 & 2027 5.1.1. Combined heat & power (CHP) 5.1.2. Solar Photovoltaic (PV) 5.1.3. Natural Gas 5.1.4. Fuel Cell 5.1.5. Diesel 5.1.6. Others
CONTINUED…!
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