Microgrid Automation Market 2020-2025: Current Status, Various Services, High Growth, Market Segmentation, Major Countries & Business Outlook - PowerPoint PPT Presentation

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Microgrid Automation Market 2020-2025: Current Status, Various Services, High Growth, Market Segmentation, Major Countries & Business Outlook

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The global Microgrid automation market size is anticipated to reach over USD 8 billion by 2025. – PowerPoint PPT presentation

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Title: Microgrid Automation Market 2020-2025: Current Status, Various Services, High Growth, Market Segmentation, Major Countries & Business Outlook


1
Microgrid Automation Market
  • by Component (Inverter and Storage), Technology
    (Fuel Cell, CHP, and Others), Application
    (Commercial, Residential, and Defence), And
    Region, Global Forecast 2018 to 2025

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2
Microgrid Automation Market Size to Reach USD 8
Billion by 2025 Adroit Market Research
  • Growing need to bring efficiency across energy
    transmission and distribution channels are
    driving the demand for global microgrid
    automation market
  • The global microgrid automation market size is
    expected to grow from over USD 3 billion in 2019
    to over USD 8 billion by 2025, at a CAGR of 17
    during the forecast period. The grid comprises of
    a various number of microgrids, which further
    comprises small scale distributed energy
    resources such as renewable energy sources like
    solar plants, windmills, and others. The major
    differences between the smart microgrid and smart
    grid are the potential rate of change, their
    scale, and the types of decision-makers. In
    addition, the smart grid functions at the
    national grid level, which involves the huge
    distribution and lines. On the contrary, smart
    microgrids function at smaller scales but provide
    quick implementation and distribution. The
    microgrids basically supply local or small-scaled
    loads such as office parks, commercial buildings,
    homes, or a military base.
  • The existing and future Microgrid automation
    market developments are defined to determine the
    attractiveness of the market. Key impacting
    factors highlight the microgrid automation market
    opportunities throughout the forecast period.
    Factors such as the growing adoption of
    digitization across numerous industries and an
    increase in the need to bring efficiency across
    energy transmission and distribution channels are
    driving the adoption of advanced and automation
    technologies in the energy sector. Moreover, an
    increase in demand from consumers for flexible
    and reliable distribution of energy is also
    fuelling the demand for microgrid automation.
    However, economic and technological barriers with
    the deployment of microgrid automation solutions
    are anticipated to hamper the market growth.
    Furthermore, the growing adoption of digital
    technologies by energy and utility industries in
    developing economies such as India, China, and
    Japan are anticipated to provide major growth
    opportunities for the market in the upcoming
    years.

3
Microgrid Automation Market Size to Reach USD 8
Billion by 2025 Adroit Market Research
  • Asia-Pacific dominated the global microgrid
    automation market in 2019 and is expected to
    dominate the market throughout the forecast
    period 20202025. The growth of this region is
    mainly accredited to the increasing smart city
    initiatives and growing spending by various
    governments on the energy utility sector in
    this region. Also, the presence of conventional
    energy and grid infrastructure is also expected
    to provide market growth opportunities in the
    upcoming years in this region. Moreover, North
    America is anticipated to be the second major
    market shareholder during the forecast period due
    to the presence of major market players in the
    region.
  • The major players of the global microgrid
    automation market are ABB Group, AEG Power
    Solutions, Echelon Corporation, GE, Honeywell,
    Lockheed Martin Corporation, Phono Solar
    Technology Co., Schneider Electric, Siemens AG,
    and Wipro. Moreover, the other potential players
    in the microgrid automation market are Chevron
    Energy, Viridity Energy, Pareto Energy, Microgrid
    Energy, and Spirae. As of 2019, the Microgrid
    automation market is consolidated with the
    existence of well-known global and domestic
    players across the globe. In addition, the
    recognized companies are coming up with
    innovative and new microgrid automation
    technologies and solutions. For instance, In
    April 2019, ABB announced a partnership with
    Rolls-Royce on advanced automation and microgrid
    technology. With this partnership, both companies
    are planning to offer energy-efficient and
    innovative microgrid solutions for industrial,
    utility, and commercial sectors.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/microgrid-automation-market

4
Key segments of the global Microgrid Automation
market
  • Component Overview, 2018-2025 (USD Billion)
  • Inverter
  • Storage
  • Technology Overview, 2018-2025 (USD Billion)
  • Fuel Cell
  • CHP
  • Others
  • Application Overview, 2018-2025 (USD Billion)
  • Commercial
  • Residential
  • Defence

5
Key segments of the global Microgrid Automation
market
  • Regional Overview, 2015-2025 (USD million) (Kilo
    tons)
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa
  • Purchase a single user copy of the global
    Microgrid Automation market report_at_
    https//adroitmarketresearch.com/researchreport/pu
    rchase/1291

6
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
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