Microgrid Market by Research and Demand 2024

1. Downloaded from: justpaste.it/2msaq Microgrid Market Future Research Report 2024 The microgrid market size has the potential to grow by USD 18.89 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get Sample of the Report: https://www.technavio.com/talk-to-us?report=IRTNTR43731&type=sample&src=report This report provides a detailed analysis of the market by application (remote, institutions and campus, military, and others) and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Exelon Corp., General Electric Co., Honeywell International Inc., Powerhive Inc., S&C Electric Co., Schneider Electric SE, and Siemens AG. Market Competitive Analysis The market is fragmented. ABB Ltd., Eaton Corp. Plc, and Emerson Electric Co. are some of the major market participants. Although the increasing government support will offer immense growth opportunities, the high implementation costs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this microgrid market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this microgrid market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Microgrid Market: Key Drivers and Trends Governments across the world are supporting the adoption of microgrids due to its strong endurance capability during natural calamities. Microgrid projects are backed by funding benefits in the form of grants from federal and state governments in the US. Increasing government support is a major factor that will fuel the growth of the microgrid market during the forecast period. The New York state R&D authority awarded funds for microgrid projects to be deployed in 83 communities with the help of prize money worth USD 8 million. The Japanese government also estimated a budget of USD 0.5 million per month for developing advanced microgrids to contribute to the development and implementation of microgrids. In addition to the support from the governments, technological advancements will also play a significant role in the growth of the microgrid market. With the advent of advanced technology, advanced control systems and

2. renewable power generators are gaining traction. 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 microgrid. Such factors will drive microgrid market growth at a CAGR of almost 13% by 2024. Microgrid Market: Key Highlights of the Report for 2020-2024 CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive microgrid market growth during the next five years Precise estimation of the microgrid market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the microgrid market industry across North America, APAC, Europe, South America, and MEA A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of microgrid market vendors