Energy & Green Renewable Technology Market News

Microgrid market forecast to 2022 published by leading research firm

Energy Market Research

Analysts forecast the global microgrid market to grow at a CAGR of 9.69% during the period 2018-2022.

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The latest trend gaining momentum in the market is technological advancements.

With the advent of advanced technology, advanced control systems and renewable power generators are gaining traction.

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The decentralized power systems such as microgrids are adopted more frequently due to the reduced cost of power generators. Moreover, vendors in the solar microgrid market are focusing on building advanced technologies in the energy production process, contributing to the development of flexible and scalable microgrids.

Major key players in the global microgrid market: ABB, Emerson Electric, General Electric, Schneider Electric, and Siemens.

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According to the microgrid market report, one of the major drivers for this market is increasing government support. Governments across the world are supporting the adoption of microgrids due to its strong endurance capability during natural calamities.

The governments are stressing more towards green energy and renewable energy. The microgrids projects are backed by funding benefits in the form of grants from federal and state governments in the US.

Market driver: Increasing government support

Market trend: Technological advancements

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Key questions answered in this report

What will the market size be in 2022 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

Few Points from List of Exhibits:

Exhibit 1: Benefits of Microgrids

Exhibit 2: Solar Panel Components

Exhibit 3: Related Market

Exhibit 4: Global Renewable Energy Market

Exhibit 5: Market Characteristics

Exhibit 6: Market Segments

Exhibit 7: Market Definition - Inclusions and Exclusions Checklist

Exhibit 8: Benefits of Microgrids Categorized by Stakeholders

Exhibit 9: Market Size 2017

Exhibit 10: Validation Techniques Employed For Market Sizing 2017

Exhibit 11: Global – Market Size and Forecast 2017-2022 ($ Billions)

Exhibit 12: Global – Year-Over-Year Growth 2018-2022 (%)

Exhibit 13: Five Forces Analysis 2017

Exhibit 14: Five Forces Analysis 2022

Exhibit 15: Bargaining Power of Buyers

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