Microgrid Market PDF: Industry Overview, Growth Rate and Forecast 2021

1. Global Microgrid Market Research and Forecast Report 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Microgrid Market Research Report: According to the latest report by IMARC Group, titled “Microgrid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global microgrid market size reached US$ 24.2 Billion in 2020. A microgrid is a low-voltage electricity distribution network with the potential of operating autonomously and in parallel with the main power grid. It assists in providing power backup during emergencies like main grid failure and natural calamity. It can be powered using distributed generators or renewable sources, such as solar panels, small hydro, geothermal, and combined heat and power (CHP) systems, which help reduce overall electricity generation costs. As it is a reliable and eco-friendly source of electricity, it is gaining traction around the world. Request Free Sample Report: https://www.imarcgroup.com/microgrid-market/requestsample

4. Report Description and Highlights Report Description Global Microgrid Market Trends : With the growing instances of cyber-attacks, there is a rise in the need for security of networks and continuous power supply across research labs and the defense sector. This, in confluence with the advantages offered by microgrids like the ability to perform under island mode, is propelling the growth of the market. Besides this, numerous technological advancements, such as the introduction of control and dispatch strategies, improvement in load management and integration with inverter interfaced distributed generation systems, are contributing to the market growth. Furthermore, governing agencies of different countries are undertaking initiatives to generate a minimum percentage of electricity from renewable energy sources. Other major factors, including the increasing utilization of microgrids in electrification projects, coupled with the shifting inclination towards more localized and distributed generation systems, are anticipated to drive the market. Looking forward, the market value is projected to reach US$ 43.7 Billion by 2026, expanding at a CAGR of 10.1% during the forecast period (2021-2026).

5. Report Description and Highlights Report Description Market Summary: Market Breakup by Energy Source • Natural Gas • Combined Heat and Power • Solar Photovoltaic (PV) • Diesel • Fuel Cell • Others Market Breakup by Application • Remote Systems • Institution and Campus • Utility/Community • Defence • Others Breakup by Region: •North America • United States • Canada

6. Report Description Report Description and Highlights •Asia Pacific • • • • • • • •Europe • • • • • • • •Latin America • • • China Japan India South Korea Australia Indonesia Others Germany France United Kingdom Italy Spain Russia Others Brazil Mexico Argentina

7. Report Description Report Description and Highlights • • • • Columbia Chile Peru Others •Middle East and Africa Turkey •Saudi Arabia •Iran •United Arab Emirates •Others Competitive Landscape with Key Players: •Lockheed Martin •ABB Ltd •General Electric •Eaton Corporation •Siemens View Full Report with TOC & List of Figure: https://www.imarcgroup.com/microgrid-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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