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The Microgrid Market is segmented by Application (Institutional Sites, Commercial Facilities, Remote Off-grid Communities, and Other Applications), Type (Customer Microgrid, Remote Power Systems, and Other Types) and Geography (North America, Europe, Asia-Pacific, South America, the Middle-East and Africa)
Fastest Growing Market:
The global microgrid market is expected to grow at a CAGR of more than 13% over the period of 2020-2025. Factors such as increasing demand for reliable and continuous power supply worldwide, to reduce the over-dependence on power grids and preventing power blackouts during natural calamities, microgrids are being installed in greater numbers, which is driving the market. Moreover, renewable power is increasingly being used to provide electricity to remote locations, by connecting to remote power systems microgrid, which is economically efficient in comparison to large power plants. However, the reluctance shown by several industries that still prefer conventional electricity over microgrids owing to a better return on investment is restraining the market growth.
The microgrid market report include:
|Remote Off-grid Communities|
|Remote Power Systems|
|Middle-East and Africa|
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The microgrid market is consolidated. Some of the key players in this market are ABB Ltd, Siemens AG, Honeywell International Inc., Schneider Electric SE, Toshiba Corporation and General Electric Company, among others.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Institutional Sites
5.1.2 Commercial Facilities
5.1.3 Remote Off-grid Communities
5.1.4 Other Applications
5.2.1 Customer Microgrid
5.2.2 Remote Power Systems
5.2.3 Other Types
5.3.1 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 ABB Ltd
6.3.2 Siemens AG
6.3.3 Honeywell International Inc.
6.3.4 Schneider Electric SE
6.3.5 Toshiba Corp.
6.3.6 General Electric Company
6.3.7 Eaton Corporation PLC
6.3.8 Standard Microgrid Inc.
6.3.9 Princeton Power Systems Inc.
6.3.10 S&C Electric Co.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability