Microgrid Market by Type (Hybrid, Off-Grid, Grid Connected), Component (Storage, Inverter), Technology (Fuel Cell, CHP), Consumer Pattern (Urban, Rural), Application (Campus, Commercial, Defense), and Geography - Global Forecast to 2022.
Worldwide revenue from deployments of microgrids is expected to grow to $25.28 billion by 2022, at a CAGR of 17.36% during 2014 to 2022. On the other hand, the global microgrid capacity is expected to reach over 14.99 GW by 2022, growing at a CAGR of 16.80% from 2014-2022.
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The report analyzes the global microgrid market and presents detailed insights of the market by technology, by characteristic, by application, by consumption pattern and by geography. Besides, a detailed discussion on drivers, restraints and opportunities of the market arealso presented. Further, it contains market size projections and analysis of trends with respect to the market. The technology segment for the global microgrid market includes segmentation- by component and by power technology. The application segment includes segmentation by campus/institutional, commercial, defense & military, and others. The consumption pattern segment includes segmentation by urban/metropolitan, semi-urban, and rural island. Similarly, the grid type market is segmented by grid connected, off-grid, and hybrid.
This report describes market trends, drivers, and challenges with respect to the global microgrid market, and projects the market size from 2013 to 2022, based on different segments of the market such as technology, application, consumption pattern, grid types and geography. This report gives a detailed view of the market across regions, namely – the Americas, Europe, APAC and RoW (the Middle East and Africa). The North America dominates the microgrid market with regards to the market size in terms of value; however, APAC is expected to grow at the highest CAGR in the microgrid market.
The geographic analysis contains and in-depth classification for North America, Europe, and APAC, which contains the major countries covering this market. Further, Brazil and South Africa have been classified under RoW. The report also contains drivers, restraints, opportunities, current market trends, winning imperatives, and burning issues of the global Microgrid market.
Major players in the microgrid industry are ABB Ltd. (Switzerland), Siemens AG (Germany), Lockheed Martin (U.S.), GE Electric (U.S.), Chevron Energy (U.S.), Microgrid LLC (U.S.), Viridity Energy Inc. (U.S.), Spirae Inc. (U.S.), Pareto Energy (U.S.), Power Analytics (U.S.)
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