Microgrid Market Growth, Demand and Challenges of the Key Industry Players

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Global Microgrid Market Research and Forecast
Report 2021-2026




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Microgrid Market Research
Report According to the latest report by IMARC
Group, titled Microgrid Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2021-2026, the global microgrid market
size reached US 24.2 Billion in 2020.  A
microgrid is a low-voltage electricity
distribution network with the potential of
operating autonomously and in parallel with the
main power grid. It assists in providing power
backup during emergencies like main grid failure
and natural calamity. It can be powered using
distributed generators or renewable sources, such
as solar panels, small hydro, geothermal, and
combined heat and power (CHP) systems, which help
reduce overall electricity generation costs. As
it is a reliable and eco-friendly source of
electricity, it is gaining traction around the
world. Request Free Sample Report
https//www.imarcgroup.com/microgrid-market/reques
tsample
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Report Description and Highlights
Report Description
Global Microgrid Market Trends With the
growing instances of cyber-attacks, there is a
rise in the need for security of networks and
continuous power supply across research labs and
the defense sector. This, in confluence with the
advantages offered by microgrids like the ability
to perform under island mode, is propelling the
growth of the market. Besides this, numerous
technological advancements, such as the
introduction of control and dispatch strategies,
improvement in load management and integration
with inverter interfaced distributed generation
systems, are contributing to the market growth.
Furthermore, governing agencies of different
countries are undertaking initiatives to generate
a minimum percentage of electricity from
renewable energy sources. Other major factors,
including the increasing utilization of
microgrids in electrification projects, coupled
with the shifting inclination towards more
localized and distributed generation systems, are
anticipated to drive the market. Looking
forward, the market value is projected to reach
US 43.7 Billion by 2026, expanding at a CAGR of
10.1 during the forecast period (2021-2026).

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Report Description and Highlights
Report Description

• Market Summary
• Market Breakup by Energy Source
• Natural Gas
• Combined Heat and Power
• Solar Photovoltaic (PV)
• Diesel
• Fuel Cell
• Others
•  
• Market Breakup by Application
• Remote Systems
• Institution and Campus
• Utility/Community
• Defence
• Others
• Breakup by Region
• North America

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Report Description and Highlights
Report Description

• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico

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Report Description and Highlights
Report Description

• Columbia
• Chile
• Peru
• Others
• Middle East and Africa Turkey
• Saudi Arabia
• Iran
• United Arab Emirates
• Others
• Competitive Landscape with Key Players
• Lockheed Martin
• ABB Ltd
• General Electric
• Eaton Corporation
• Siemens
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/microgrid-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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of International Market Analysis Research and
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Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
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