Microgrid Market By Type (Remote, Grid, Hybrid), By Application (Institutional, Military, Commercial, Community), By Offering (Software, Hardware, Service), Industry Trends, Estimation & Forecast, 2017 – 2025

July 2018

 Pages: 186

 ERC 6918

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Microgrid Market is expected to grow with a CAGR of xx% during the forecast period of 2018 to 2025.

A microgrid is a group of localized and distributed energy resources within the specifically defined electrical boundaries. Microgrid acts as a single controllable entity, which means it can disconnect from the traditional grid and operate autonomously. A gradual shift from remote central station power plants towards more localized and distributed generation power plants especially in cities, communities and campuses is a key factor propelling the growth of microgrid market across the globe. Moreover, microgrid is built upon smart system which helps in achieving cost savings by limiting the amount of energy consumption. Smart system has numerous functionalities such as distributed storage, high use of renewable energy, and smart meters that provide near-real time usage data which is another factor that is fueling the growth of microgrid market. As per the data revealed by Galvin Electricity Initiative, consumers and businesses pay at least $150 billion per year due to power outages in the America. Such high statistics related to the power outage is expected to escalate the demand for localized microgrid systems in the region. Furthermore, the rising demand for renewable energy management is also boosting the growth of the market. However, the high cost associated with microgrid architecture is the major factor hindering the growth of microgrid market across the globe. In addition, lack of skilled personnel to operate high-tech microgrid instruments in underdeveloped and remote areas may hamper the growth of the market.

The report provides detailed qualitative and quantitative analysis of the microgrid market. Market size and forecast in terms of value and volume has been provided for the period - (2017 - 2025), for the segments namely type, application, and offering in each of the major regions.

Microgrid Market Player Analysis -

The report presents detailed analysis of major players operating in microgrid market. Few of them include Honeywell, S&C Electric, Exelon Corporation, General Electric, Eaton, Schneider Electric, ABB, Pareto Energy Ltd., Viridity Energy, Encorp Inc., and Power Analytics Corporation. A detailed coverage on these market players with information on their revenue from microgrid business, market share, gross margin and their growth strategies have been provided in the report.

Market Segmentation

The global microgrid market is segmented on the basis of type, application, offering, and geography. By type, the market is segmented into remote, grid, and hybrid. Application wise, the market is categorized into institutional, military, commercial, community, and other. On the basis of mode of offering, the market is bifurcated into software, hardware, and service. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.

Microgrid Market Segmentation

By Type
• Remote
• Grid
• Hybrid

By Application
• Institutional
• Military
• Commercial
• Community
• Other

By Offering
• Software
• Hardware
• Service

By Geography
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Korea
• Rest of APAC
• South America
• Brazil
• Rest of South America
• Rest of the World
• Middle East
• Africa

Microgrid Market Key Players

• Honeywell
• S&C Electric
• Exelon Corporation
• General Electric
• Eaton
• Schneider Electric
• ABB
• Pareto Energy Ltd.
• Viridity Energy
• Encorp Inc.
• Power Analytics Corporation

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    What Information does this report contain?

    • What was the market size of the Microgrid Market in 2017 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2017 - 2025)?
    • Which are the leading companies in the Microgrid Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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