MarketResearchNest.com
adds “Global Microgrid Market Growth
(Status and Outlook) 2019-2024”new report to its research database.
Microgrid is a localized power system comprised of
distributed generation assets, energy storage devices, and smart distribution
technologies that interoperates through controls and software-based
intelligence systems.
North America is currently the largest microgrid market,
having captured nearly half of all vendor revenue activity. The region holds a
nearly identical market share (48.59%) compared with data presented in 2016
ABB, GE and Echelon captured the top three revenue share
spots in the Microgrid market in 2016. ABB dominated with 7.53 percent revenue
share, followed by GE with 5.64 percent revenue share and Echelon with 5.03
percent revenue share.
The second place is Asia regions; following North America
with the Revenue market share over 27.83% in 2016. Europe is another important
consumption market of Microgrid Technology.
Microgrid Technology used in industry including
Campus/Institutional Microgrid, Community/Utility Microgrid,
Commercial/Industrial Microgrid, Military Microgrid and Remote Microgrid.
Report data showed that 41.79% of the Microgrid Technology market demand in
Campus/Institutional Microgrid, 24.24% in Commercial/Industrial Microgrid, and
21.28% in Community/Utility Microgrid in 2016.
There are two kinds of Microgrid Technology, which are
Grid-Tied Type Microgrid and Independent Type Microgrid. Grid-Tied Type
Microgrid is important in the Microgrid Technology, with a Installed Capacity
market share nearly 78.30% in 2016.
Briefly speaking, in the next few years, Microgrid
Technology industry will still be a rapid development industry. Sales of
Microgrid Technology have brought a lot of opportunities, there will more
companies enter into this industry, especially in developing countries.
According to this study, over the next five years the
Microgrid market will register a 15.0% CAGR in terms of revenue, the global
market size will reach US$ 26300 million by 2024, from US$ 11400 million in
2019. In particular, this report presents the global revenue market share of
key companies in Microgrid business, shared in Chapter 3.
This report presents a comprehensive overview, market shares
and growth opportunities of Microgrid market by product type, application, key
companies and key regions.
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This study considers
the Energy Trading and Risk Management (ETRM) value generated from the sales of
the following segments:
Segmentation by
product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to
2024 in section 10.7.
·
Grid-Tied
Type Microgrid
·
Independent
Type Microgrid
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 10.8.
·
Commercial/Industrial
Microgrid
·
Community/Utility
Microgrid
·
Campus/Institutional
Microgrid
·
Military
Microgrid
·
Remote
Microgrid
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel,
Turkey, GCC Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
ABB
·
GE
·
Echelon
·
SandC Electric Co
·
Siemens
·
General Microgrids
·
Microgrid Solar
·
Raytheon
·
Sunverge Energy
·
Toshiba
·
NEC
·
Aquion Energy
·
EnStorage
·
SGCC
·
Moixa
·
EnSync
·
Ampard
·
Green Energy Corp
·
Growing Energy Labs Inc
·
HOMER Energy
·
Spirae, Inc.
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key players and the market as a whole. It also analyzes key emerging trends and
their impact on present and future development.
Research objectives
·
To study and analyze the global Microgrid market
size by key regions/countries, product type and application, history data from
2014 to 2018, and forecast to 2024.
·
To understand the structure of Microgrid market
by identifying its various subsegments.
·
Focuses on the key global Microgrid players, to
define, describe and analyze the value, market share, market competition
landscape, SWOT analysis and development plans in next few years.
·
To analyze the Microgrid with respect to
individual growth trends, future prospects, and their contribution to the total
market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the size of Microgrid submarkets,
with respect to key regions (along with their respective key countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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