Energy & Green Renewable Technology Market News

Microgrid market size grow at USD 38.99 billion by 2022 illuminated by new report

Energy Market Research

The professional Research Report of Microgrid market To provide a detailed Porter’s analysis and market life cycle analysis, along with the technology and market roadmap for the microgrid market To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

The microgrid market is likely to grow at a CAGR of 12.45%between 2016 and 2022

The microgrid market was valued at USD 16.58 billion in 2015 and is expected to reach USD 38.99 billion by 2022, at a CAGR of 12.45% during the forecast period.  

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The market growth can be attributed to several factors such as growing demand for automated grid system and enhancement in microgrid connectivity through integration of IoT. The major restraints for the microgrid market are the high initial cost of installation and land acquisition and registration complications for solar PV installation in rural areas.

The market for healthcare is expected to grow at a high rateduring the forecast period

Hospitals are an essential facility leveraging the advantages of the microgrid.

The microgrid system provides significant economic and environmental benefits to the most advanced healthcare facilities. It has the ability to optimize the energy consumption for any type of facility, and this brings particular value to public facilities such as hospitals, which use mass quantities of power to maintain daily operations without risking an outage.

The increasing need for uninterrupted power supply in the healthcare vertical is the key factor contributing to the growth of this market.

Get Microgrid Market 2017-2022 Spreads Across 227 Pages Profiling 12+ Companies and Supported with 184 Tables And 38 Figures Available at…ount?rname=903836

Top 12+ Companies Analyzed for This Studies are- The key players operating in this market are ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation PLC (Ireland), Siemens AG (Germany), Exelon Corporation (U.S.), Schneider Electric (France), Caterpillar Inc. (U.S.), Power Analytics Corporation (U.S.), HOMER Energy LLC (U.S.), and S&C Electric Company (U.S.).

Fundament Points from TOC

Microgrid Market, By Offering
Power Inverter 

Microgrid Market, By Connectivity
Grid Connected

Microgrid Market, By Grid Type (Qualitative Chapter)
AC Microgrid
DC Microgrid

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies. 

Browse Complete Report with TOC @…arket-report.html 

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