Vancouver, BC -- (SBWIRE) -- 03/16/2021 -- The study on the Microgrid market applies research methodologies including the investigation and interview techniques to weigh up on the product price, revenue, import and export status and production capability of the manufacturers operating in the Microgrid market for the forecast period, 2020 - 2027. The market intelligence report focuses primarily on the market size, share and growth rate of the industry during the estimated period with the aim to help business owners make a wise investment decision and chalk out a blueprint of profitable business strategies.

The global Microgrid Market will be worth USD 61.18 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing demand for clean sources of energy. Increasing government initiatives to reduce carbon footprints on the environment and lower the dependency on fossil-fuel-based power generation to produce electricity is expected to increase the demand for the technology. Increasing government policies and initiatives and a shift towards renewable distributed energy generation such as fuel cells, wind turbines, and Solar PV are also expected to drive the microgrid market's demand.

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Furthermore, application of Porters Five Forces Analysis to determine the status of various aspects such as the capability of both the suppliers and customers, threats posed by different substitutes, the intensity of competition and promising new vendors makes the study a valuable resource. The researchers behind the market intelligence report examine the weaknesses, strengths, opportunities, and restraints expected to shape the progress of the Microgrid market for the forecast period, 2020 to 2027. The market intelligence report includes detailed statistics on market segmentation based on product value, application, classification, and sale.

Key Highlights From The Report
In September 2019, Honeywell and NRStor C&I Launch the largest Behind-the-Meter Battery Energy storage Program in the world.
Combined heat & power (CHP) held the largest market share of 34.0% in the year 2019 due to the increasing adoption of sustainable sources of power generation, including hydro, solar, and wind energy.
The grid-connected segment is forecasted to grow with the fastest CAGR of 10.6% over the forecast period. Reliable power supply, improved resiliency & efficiency, low cost of energy storage, and reduction in the emission level are some of the driving factors of the segment.
The education segment accounted for the largest market share of the microgrid market in 2019 due to the government's increased funding towards the enhancement of the education infrastructure in the developing economies.
North America accounted for the largest market share of the microgrid market in 2019 due to the favorable government policies, including tax rebates and other promotional schemes on adopting microgrid infrastructure.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the government's increasing initiatives to provide a cost-effective and uninterrupted supply of electricity in the rural areas of the developing economies.
Key participants include Siemens, Honeywell, General Electric (GE), ABB, Schneider Electric, Eaton, Exelon Corporation, Spirae, Inc., S & C Electric Company, and Homer Energy, among others.

You Can Download Free Sample PDF Copy of Microgrid Market at https://www.emergenresearch.com/request-sample/229

Power Outlook (Revenue, USD Billion; 2017-2027)
Combined heat & power (CHP)
Solar Photovoltaic (PV)
Natural Gas
Fuel Cell
Diesel
Others

Product Outlook (Revenue, USD Billion; 2017-2027)
Grid-connected
Hybrid
Remote

Application Outlook (Revenue, USD Billion; 2017-2027)
Commercial
Defense
Government
Education
Utility
Others

Helping you establish a strong foothold in the industry
The Microgrid report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.

Apart from the above mentioned content the researchers go an extra mile to define the distinct usage occasions and lists the customer segments to leverage the brand and identify future opportunities. Besides, the subject matter expert segment the target customers purely based on their consumption patterns.

Regional Outlook (Revenue, USD Million; 2017–­­­2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Table of Content

Read more@ https://www.emergenresearch.com/industry-report/microgrid-market

Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Microgrid Market Segmentation & Impact Analysis
Chapter 5. Microgrid Market By Product Type Insights & Trends, Revenue (USD Million)
Chapter 6. Microgrid Market By Application Insights & Trends Revenue (USD Million)
Chapter 7. Microgrid Market Regional Outlook
Continued…