Microgrid Market Share, Size, Future Demand, Global Research, Top Leading player, Emerging Trends, Region by Forecast to 2027
The global Microgrid Market will be worth USD 61.18 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing demand for clean sources of energy. Increasing government initiatives to reduce carbon footprints on the environment and lower the dependency on fossil-fuel-based power generation to produce electricity is expected to increase the demand for the technology. Increasing government policies and initiatives and a shift towards renewable distributed energy generation such as fuel cells, wind turbines, and Solar PV are also expected to drive the microgrid market's demand.
Our
experienced market research team has provided updated information on the
ongoing COVID-19 pandemic and its adverse economic impact in the latter segment
of the report. The coronavirus outbreak
has led to drastic changes in the current Microgrid business landscape,
limiting the growth opportunities for various manufacturers and buyers for the
next few years. Besides making speculations about the market’s post-COVID-19
scenario, the report discusses its existing situation. The report eventually
offers conclusive data related to the Microgrid market growth assessed on both
regional and global levels.
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Report, visit @ https://www.emergenresearch.com/request-sample/229
Some 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.
Market Scope:
One of the report’s central
components is the broad Microgrid market segmentation that includes the product
type gamut, application spectrum, end-user industry landscape, significant
geographical regions, and the top market contenders. The report contains
unbiased industry expert opinions on the current market scenario, past market
performance, production & consumption rates, demand & supply ratio, and
revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits,
sales volumes, sales revenue, manufacturing costs, and other financial ratios,
have been accurately gauged in the report. Furthermore, several analytical
tools like investment assessment, SWOT analysis, and Porter’s Five Forces
Analysis have been implemented by our analysts’ team to evaluate the production
and distribution capacities of the Microgrid market players.
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Highlights of the TOC:
1. Report Overview
1.1 Research Scope
1.2 Key Microgrid market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Microgrid market size
2.2 Latest Microgrid market trends
2.3 Key growth trends
3. Competitive Landscape
3.1 Global Microgrid market key players
3.2 Global Microgrid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Microgrid market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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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
Key geographical areas:
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
·
Middle
East & Africa
Leading Players Profiled in the Report:
Siemens, Honeywell, General
Electric (GE), ABB, Schneider Electric, Eaton, Exelon Corporation, Spirae,
Inc., S & C Electric Company, and Homer Energy, among others.
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Report @ https://www.emergenresearch.com/industry-report/microgrid-market
Key questions addressed in the report:
·
What are the key factors driving the
global Microgrid market?
·
Who are the key manufacturers in this
market space?
·
Who are the distributors, traders and
dealers of this market?
·
What are the market opportunities and
risks affecting the performance of the vendors in the global Microgrid market?
·
What are the sales and revenue estimations
for the top manufacturers in this market over the projected timeline?
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