$38.99 Billion Microgrid Market by Offering, Connectivity, Grid Type, Vertical & Geography - Global Forecast to 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Microgrid Market - Global Forecast to 2022" report to their offering.

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. 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.

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.

Rise in microgrid installations in Africa and APAC for rural electrification projects and rapidly growing mining vertical in the Indian market, along with investments made by both national and international companies such as ABB, Siemens, GE, and Schneider Electric, are some of the key factors contributing to the growth of the microgrid market in APAC.

Companies Mentioned:

  • ABB Ltd.
  • Advanced Microgrid Solutions
  • Caterpillar Inc.
  • Eaton Corporation PLC
  • Exelon Corporation
  • General Electric
  • General Microgrids, Inc.
  • Green Energy Corp.
  • Homer Energy LLC
  • Key Innovators
  • Power Analytics Corporation
  • S&C Electric Company
  • Schneider Electric
  • Siemens AG
  • Steama Co. Ltd.
  • Tesla Motors Inc.
  • Viridity Energy, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Microgrid Market, By Offering

8 Microgrid Market, By Connectivity

9 Microgrid Market, By Grid Type (Qualitative Chapter)

10 Microgrid Market, By Vertical

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

14 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/l2hxhx/microgrid_marke

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Electricity

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Electricity