The Business Research Company’s report goes into great detail on the microgrid market size and growth, microgrid market regional analysis, microgrid market competitive landscape, and other critical information needed to excel in the microgrid industry.

Major players in the microgrid market include ABB Ltd., Eaton Corporation, General Electric, Siemens AG, Schneider Electric SE, Honeywell International Inc., Advanced Microgrid Solutions, Anbaric Transmission, Canopy Power, Exelon Corporation, Ferroamp, General Microgrids, Go Electric, Gram Power, Toshiba Corporation, S&C Electric, Tesla, Caterpillar, Echelon Corporation, Pareto Energy Limited, and Engie Group.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global microgrid market size is expected to grow from $9.63 billion in 2021 to $11.9 billion in 2022 at a compound annual growth rate (CAGR) of 23.6%. The global microgrids market size is expected to grow to $25.04 billion in 2026 at a CAGR of 20.4%.

North America was the largest region in the microgrid market in 2021.

The microgrid market consists of sales of microgrids by entities (organizations, sole proprietors, partnerships) that refer to a local energy grid with control capability, which means it can disconnect from the traditional grid and operate autonomously. A microgrid is a self-contained energy system that serves a specific geographic area, such as a college campus, hospital, business center, or neighbourhood. Microgrids can strengthen grid resilience and help mitigate grid disturbances by operating while the main grid is down, as well as serve as a grid resource for faster system response and recovery.

The growing adoption of microgrids for rural electrification is expected to propel the growth of the microgrid market going forward.

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The development and adoption of green hydrogen microgrids is a key trend gaining popularity in the microgrid market. Green hydrogen is generated by splitting water into hydrogen and oxygen in an electrolyser using renewable energy sources such as wind and solar. Companies developing microgrids are focused on developing eco-friendly products including green hydrogen microgrids to reduce the carbon footprints in the environment.

TBRC’s Global Microgrid Market Report Is Segmented:
By Type: AC Microgrids, DC Microgrids, Hybrid Microgrids

By Connectivity: Grid Connected, Off-Grid Connected

By Component: Hardware, Software, Services

By Application: Remote Systems, Institutional Buildings, Commercial Utility

By End-User: Commercial and Industrial, Institutes and Campuses, Military

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Microgrid Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the microgrid market globally and regionally, analyzes and forecasts market size, share, microgrid market players, microgrid market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Power Generation, Transmission And Control Equipment Global Market Report 2022

Power Generation Global Market Report 2022

Electric Power Transmission, Control, And Distribution Global Market Report 2022

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