Microgrid Market Growth, Industry Analysis | Global and Regional Market Forecast to 2024-2027

September 6, 2021

Increasing demand for uninterrupted and reliable power supply all across the world and the growing adoption of renewable sources of energy are driving the demand of the market.

Market Size – USD 28.80 billion in 2019, Market Growth – CAGR of 10.5%, Market Trends – Increasing investments in the research & development of microgrid infrastructure

The latest report provides detailed insights into Microgrid market trends, industry trends, consumer trends, market size, market share, market growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Microgrid market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Microgrid market growth is driven by a variety of factors and trends, primary of which include rising focus by major companies on product/service expansion into new and untapped domestic Microgrid markets, rising investments in strategic agreements, and rising competition in the market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is a major trend in an increasing number of developing economies. In addition, availability of favorable government policies and steady economic growth across various regions and countries is resulting in an increasing number of players focusing on leveraging opportunities to drive visibility and increase revenue and profits.

Top key vendors in Microgrid Market include are:

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.

Emergen Research has segmented the global Microgrid Market on the basis of Power, Product, Application, and region:

Power Outlook (Revenue, USD Billion; 2017-2027)
- Combined heat & power (CHP)
- Solar Photovoltaic (PV)
- Natural Gas
- Fuel Cell
- Diesel
- Others

Product Outlook (Revenue, USD Billion; 2017-2027)
- Grid-connected
- Hybrid
- Remote

Application Outlook (Revenue, USD Billion; 2017-2027)
- Commercial
- Defense
- Government
- Education
- Utility
- Others

Access the Entire Report packed with TOC, Tables and Figures and Outline of Prominent Companies@ https://www.emergenresearch.com/industry-report/microgrid-market

Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Microgrid Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Microgrid industry

North America Microgrid market growth registered a significant incline in 2020 and this is having major impact on market growth of other major regions. In addition, North America Microgrid market growth is expected to continue to remain dominant over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall Microgrid market trends, and this is expected to continue to support market growth in North America.

Asia Pacific Microgrid market growth is expected to register a rapid rate in terms of revenue as compared to other regional markets over the forecast period. China, India, and South Korea accounted for significantly robust Microgrid market growth in 2020, and the trend is expected to continue over the forecast period. Factors such as increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries is driving Microgrid market growth in Asia Pacific.

Europe Microgrid market growth and revenue expansion is expected to remain steady over the forecast period. This can be attributed to robust focus on research and development initiatives by major firms and changing Microgrid market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/229

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Microgrid industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Microgrid market across different regions?
Who are the major driving forces expected to decide the fate of the Microgrid industry worldwide?
Who are the prominent market players making a mark in the Microgrid market with their winning strategies?
Which Microgrid industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Microgrid market?

Table of Content

Chapter 1. Methodology & Sources

1.1. Microgrid 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. Microgrid Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2024-2028