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Global Microgrid Market Observational Studies 2025 Followed By Top Companies like GE, Siemens, Honeywell, Eaton, Chevron, Cummins Inc., Green Energy Corp, Power Analytics Corporation, S&C Electric Company, Advanced Microgrid Solutions , Caterpillar Inc.

Global Microgrid Market

Global Microgrid Market By Grid Type (AC Microgrid, DC Microgrid, and Hybrid), By Connectivity (grid connected and remote/island), BY Offering (Hardware, Software, And Services), By Vertical (Healthcare, Educational Institutions, Industrial, Military, and Electric Utility), By Power Source (Natural Gas, Combined Heat and Power, Diesel, Solar, Fuel Cells, And Others),and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Industry Trends and Forecast to 2025

Global Microgrid market systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations. The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of Global Microgrid Market.

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Global microgrid market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.

In April 2018, ABB (Switzerland) expanded its business in Asia-Pacific region by opening a new Microgrid with battery storage solution at Vadodara, Gujrat in India. This microgrid enables green power supplies with cost effective power supply even during cloudy weather and this development will help grow the Global Microgrid Market.

 Major Competitors/ Company Profiles

Some of the Key players in the Global Microgrid Market are

  • General Electric Company
  • Siemens AG
  • Honeywell International Inc.
  • Eaton Corporation Plc.

Other players in this market include are Chevron Corporation, Cummins Inc., Green Energy Corp., Power Analytics Corporation, S&C Electric Company, Advanced Microgrid Solutions, Caterpillar Inc.,  Exelon Corporation, Tesla Inc., Toshiba Corporation, are among others whose company profiles are included in the Global Microgrid Market Report.

In April 2018, ABB (Switzerland) expanded its business in Asia-Pacific region by opening a new Microgrid with battery storage solution at Vadodara, Gujrat in India. This microgrid enables green power supplies with cost effective power supply even during cloudy weather.

In June 2018, ABB (Switzerland) expanded its business in South Africa by opening a new microgrid in Johannesburg, South Africa. This microgrid solution focuses on providing continuity of power supply and also to reduce carbon emissions.

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Key Drivers: Global Microgrid Market

The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.

Key Points: Global Microgrid Market

In 2017, the global microgrid market is dominated by ABB with market share of 21.4%, followed by General Electric Company 14.8%, Siemens AG 10.1%, Honeywell International Inc. 8.2%, Eaton Corporation PLC 6.1% and others 39.4%.

  • The DC microgrid segment is dominating the global microgrid market.
  • Hybrid segment is expected to grow with the highest CAGR of 25.0% in the forecast period 2018 to 2025.

Market Segmentation: 

  • By Grid Type
  • AC Microgrid
  • DC Microgrid
  • Hybrid
  • By Connectivity
  • Grid Connected
  • Remote/Island
  • By Offering
  • Hardware
  • Software
  • Services
  • By Vertical
  • Healthcare
  • Educational Institutions
  • Industrial
  • Military
  • Electric Utility
  • By Power
  • Natural Gas
  • Combined Heat And Power
  • Diesel
  • Solar
  • Fuel Cells
  • By Geography
  • Based On Geography,

The Global Microgrid Market Is Segmented Into 5 Geographical Regions, North America, Europe, Asia-Pacific, South America And Middle East And Africa.

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Target Audience:

  • Microgrid Providers
  • Cloud Service Providers
  • IT Service Providers
  • Software Solution Providers
  • Government Bodies
  • Enterprise Data Center Professionals

Are among the others mentioned in the Global Microgrid Market report.

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