A microgrid is a smaller type of power grid that has its own collection of power generation assets, energy storage equipment and other distribution equipment necessary to meet local energy needs. A microgrid has the capability to operate with or without being connected to the main power grid, thus making it more resilient and supply power to critical buildings in an event of power outrage.

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

The report covers the present scenario and the growth prospects of the global microgrid market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of industrial fastener seal.For More Details Sample/Inquire at:

 Microgrid Market Key Vendors Are: ABB, Emerson Electric, General Electric, Schneider Electric, Siemens

Microgrid Market Driver:

  • Increasing government support
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 Microgrid Market Trends:

  • Technological advancements
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 The Microgrid Market is divided into the following segments based on Geography:

  • Americas
  • APAC
  • EMEA

This independent 117-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Microgrid Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Commenting on the report, an analyst from Technavio’s team said: “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. 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.”

According to the 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Highlights of The Microgrid Market Report:

  • The key details related to Microgrid Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
  • Competitive study of the major Microgrid Market players will help all the market players in analyzing the latest trends and business strategies.
  • The study of emerging Microgrid Market segments and the existing market segments will help the readers in planning the business strategies.
  • Figure Global Production Market Share of Microgrid Market by Types and by Applications in 2017.

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