Increasing demand for uninterrupted and reliable power supply all across the world and the growing adoption of renewable sources of energy are driving the demand of the market.

Microgrid market size will be worth USD 61.18 Billion by 2027, according to a current analysis by Emergen Research. A new research report has been added by Emergen Research, that offers a comprehensive analysis of the Global Microgrid Market that offers beneficial information to the users to offer an overview of the Microgrid market.

The commercial and the industrial sector are increasingly adopting microgrid technology in order to reduce the emission levels and avail a reliable and uninterrupted supply of electricity in remote areas. The declining cost of renewable energy sources is also a contributing factor to the increasing demand of the microgrid facility. The microgrid is also used in the defense services and research labs to have a secure network from independent external power stations and reduce the risks of cyber-attacks.

The report covers the rapidly changing market scenario and offers an initial and future assessment of the impact of the Microgrid market. The research report is furnished with data validated from the experts, along with an analysis of the historical data. It also discusses growth prospects, industry facts, sales figures, distribution channels, competitive landscape analysis, market shares, gross margin, key regions, demand trends, and developments, among others.

Get a sample of the report @ https://www.emergenresearch.com/request-sample/229

Global Microgrid Market Segmentation:

The market has been divided into types, applications, and regions. The report offers a growth analysis of each segment to provide an accurate calculation and forecast of sales in the time period 2020-2028. The analysis offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings.

Market Segments

• Power Outlook (Revenue, USD Billion; 2017-2027)
  • Combined heat & power (CHP)
  • Solar Photovoltaic (PV)
  • Natural Gas
  • Fuel Cell
  • Diesel
  • Others
• Product Outlook (Revenue, USD Billion; 2017-2027)
  • Grid-connected
  • Hybrid
  • Remote
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Commercial
  • Defense
  • Government
  • Education
  • Utility
  • Others

Browse Detailed Research Report @ https://www.emergenresearch.com/industry-report/microgrid-market

Some Key Highlights From the Report

• In September 2019, Honeywell and NRStor C&I Launch the largest Behind-the-Meter Battery Energy storage Program in the world.
• Combined heat & power (CHP) held the largest market share of 34.0% in the year 2019 due to the increasing adoption of sustainable sources of power generation, including hydro, solar, and wind energy.
• The grid-connected segment is forecasted to grow with the fastest CAGR of 10.6% over the forecast period. Reliable power supply, improved resiliency & efficiency, low cost of energy storage, and reduction in the emission level are some of the driving factors of the segment.
• The education segment accounted for the largest market share of the microgrid market in 2019 due to the government's increased funding towards the enhancement of the education infrastructure in the developing economies.

Major Players Profiled in the Report:

• Siemens
• Honeywell
• General Electric (GE)
• ABB
• Schneider Electric
• Eaton
• Exelon Corporation
• Spirae Inc.
• S & C Electric Company
• Homer Energy
•  

Global Microgrid Market Regional Analysis:

North America accounted for the largest market share of the microgrid market in 2019 due to the favorable government policies, including tax rebates and other promotional schemes on adopting microgrid infrastructure.

The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the government's increasing initiatives to provide a cost-effective and uninterrupted supply of electricity in the rural areas of the developing economies.

The report also covers an in-depth analysis of the key geographical regions as well as their countries. It further covers radical insights about the key market players along with their company overview, total revenue, market share and size, price analysis, product portfolio, and strategic initiatives adopted by the companies.

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/229

Thank you for reading our report. To know more about the report and customization options, please connect with us. Our team will ensure the report is well suited to meet your requirements.

Browse Our Latest Updates

Quantum Cascade Laser Market Size Worth USD 451.3 Million by 2027

Non-Volatile Memory Express (NVMe) Market Size Worth USD 353.78 Billion in 2028

Nanopharmaceutical Drugs Market Size Worth USD 82.71 Billion by 2027

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:                   

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services