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The microgrid technology market offerings are among the most promising tools of modern distribution networks due to their versatility. Microgrid for critical infrastructure (schools, hospitals, universities, wastewater treatment plants, etc.), mainly in cities and small communities, will grow fastest by project number within the next five years, driven by CHP incentives and State resiliency programs along the East Coast, while military Microgrid will add significant additional capacity to the current microgrid landscape.North America is currently the largest microgrid technology market, having captured nearly half of all vendor revenue activity. The region holds a nearly identical market share (48.59%) compared with data presented in 2016. ABB, GE and Echelon captured the top three revenue share spots in the Microgrid market in 2016. ABB dominated with 7.53 percent revenue share, followed by GE with 5.64 percent revenue share and Echelon with 5.03 percent revenue share.
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The second place is occupied by Asia, following North America, with the revenue market share of over 27.83% in 2016. Europe is another important consumption market of Microgrid Technology. microgrid technology market offerings are used in industry including Campus/Institutional Microgrid, Community/Utility Microgrid, Commercial/Industrial Microgrid, Military Microgrid and Remote Microgrid. Report data showed that 41.79% of the microgrid technology market demand is in Campus/Institutional Microgrid, 24.24% in Commercial/Industrial Microgrid, and 21.28% in Community/Utility Microgrid for 2016.
There are two kinds of Microgrid Technology, which are Grid-Tied Type Microgrid and Independent Type Microgrid. Grid-Tied Type led the microgrid technology market, with an installed capacity market share of nearly 78.30% in 2016. Briefly speaking, in the next few years, microgrid technology market will still be a rapidly developing industry.
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Microgrid technology market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: ABB, GE, Echelon, S&C Electric Co, Siemens, General Microgrids, Microgrid Solar, Raytheon, Sunverge Energy, Toshiba, Aquion Energy, EnStorage, SGCC, Moixa, EnSync, Ampard, Green Energy Corp, Growing Energy Labs Inc, HOMER Energy and Spirae, Inc.
Research objectives include: To study and analyze the global Microgrid Technology consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023; To understand the structure of Microgrid Technology market by identifying its various subsegments; Focuses on the key global Microgrid Technology manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years; To analyze the Microgrid Technology with respect to individual growth trends, future prospects, and their contribution to the total market.
The objectives also include to share detailed information about the key factors influencing the growth of microgrid technology market (growth potential, opportunities, drivers, industry-specific challenges and risks); To project the consumption of Microgrid Technology submarkets, with respect to key regions (along with their respective key countries); To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market as well as to strategically profile the key players and comprehensively analyze their growth strategies.
Complete report on microgrid technology market consumption for 2018-2023 is available at
https://www.marketstudyreport.com/reports/2018-2023-global-microgrid-technology-consumption-market-report
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