Report Feature
The future of the microgrid market looks promising with opportunities in the healthcare, educational institutions, industrial, military, and electric utility industries. The global microgrid market i
s expected to grow with a CAGR of 12% from 2019 to 2024. The major drivers for this market are growing demand for automated grid system, increasing awareness to reduced carbon footprint, enhancement in microgrid connectivity through integration of IoT, and advantages of low-cost and clean energy storage.A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of microgrid market report download the report brochure.
The study includes the microgrid market size and forecast for the global microgrid market through 2024, segmented by connectivity, grid type, end use industry, and region as follows:
By Connectivity [$M shipment analysis for 2013 – 2024]:
- Grid Connected
- Remote/Island
By Grid Type [$M shipment analysis for 2013 – 2024]:
- AC Microgrid
- DC Microgrid
- Hybrid
By End Use Industry [$M shipment analysis for 2013 – 2024]:
- Healthcare
- Educational Institutions
- Industrial
- Military
- Electric Utility
- Others
By Region [$M shipment analysis for 2013 – 2024]:
-
North America
- United States
- Canada
- Mexico
-
Europe
- Germany
- UK
- Italy
-
Asia Pacific
- China
- Japan
- India
- RoW
Some of the microgrid companies profiled in this report include ABB, General Electric, Eaton, Siemens, Schneider Electric, Honeywell, Homer Energy, S&C Electric, Power Analytics, and Exelon Corporation.
Some of the features of this report:
- Market size estimates: Microgrid market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
- Segmentation analysis: Market size by various segments such as by connectivity, grid type, end use industry, and region.
- Regional analysis:Microgrid market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities:Analysis on growth opportunities in different applications and regions for micro grid in the micro grid market.
- Strategic analysis:This includes M&A, new product development, and competitive landscape for, micro grid in the microgrid market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global microgrid market by connectivity (grid connected, and remote/island), grid type (AC microgrid, DC microgrid, and hybrid), end use industry (healthcare, educational institutions, industrial, military, and electric utility), and region ( North America, Europe, APAC, and ROW) ?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the microgrid market?
Q.5 what are the business risks and threats to the microgrid market?
Q.6 what are emerging trends in this microgrid market and the reasons behind them?
Q.7 what are some changing demands of customers in the microgrid market?
Q.8 what are the new developments in the microgrid market? Which companies are leading these developments?
Q.9 who are the major players in this microgrid market? What strategic initiatives are being implemented by key players for business growth?
Q.10 what are some of the competitive products and processes in this microgrid area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, microgrid market?
Table of Contents
3.3.2 Remote/Island
4.5.1 Market by End Use Industry: Healthcare, Educational Institutions, Industrial, Military, and Electric Utility 4.5.2: Market by Grid Type: AC Microgrid, DC Microgrid, and Hybrid
6.1.1 Growth Opportunities for Global Microgrid Market by Connectivity 6.1.2: Growth Opportunities for Global Microgrid Market by Grid Type 6.1.3: Growth Opportunities for Global Microgrid Market by End Use Industry 6.1.4: Growth Opportunities for Global Microgrid Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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