Microgrids are small power grids with defined boundaries that can act as “islands” when connected to a larger electrical grid and when there are interruptions in the main grid. It uses decentralized energy resources such as solar power to serve customers within the microgrid space. These benefits extend to surrounding communities through reliable energy, providing better access to food, supplies and public services.
The best manufacturers in the industry are ABB, NEC, and GE, with sales in 201 of 7.61%, 5.68% and 4.85% respectively.
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By the type, the market is primarily split into
- Grid-Tied
- Independent
By the application, this report covers the following segments
- Commercial or Industrial Microgrid
- Community or Utility Microgrid
- Campus or Institutional Microgrid
- Military Microgrid
- Remote Microgrid
The Microgrid key manufacturers in this market include:
- Raytheon
- S&C Electric Co
- Eaton Corporation
- Sunverge Energy
- Siemens
- Toshiba
- General Microgrids
- Lockheed Martin
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Scope of the Report
The research study analyzes the global Microgrid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Microgrid Market Report
1. What was the Microgrid Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Microgrid Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Microgrid Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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