The global microgrid market to grow at a CAGR of 9.69% during the period 2018-2022.
Global Microgrid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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 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.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
Market segmentation analysis
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY APPLICATION
Remote - Market size and forecast 2017-2022
Institutions and campus - Market size and forecast 2017-2022
Military - Market size and forecast 2017-2022
Others - Market size and forecast 2017-2022
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
Key leading countries
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
Rapid advances in technology
Rising demand for microgrids in military applications
Microgrids for protection from cybersecurity attacks