Microgrid Market – Global Forecast to 2022 – High Adoption of Software Across University Campuses – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Microgrid
Market – Global Forecast to 2022" report has been added to Research
and Markets' offering.

The microgrid market was valued at USD 16.58 Billion in 2015 and is
expected to reach USD 38.99 Billion by 2022, at a CAGR of 12.45% during
the forecast period. Many countries are focusing on innovations, and
expansions are being carried out through rural electrification projects,
which would help increase the demand for microgrid systems in the coming
years.

The microgrid market has been segmented on the basis of offering into
hardware, software, and services. The market for software is expected to
grow at the highest CAGR during the forecast period. This growth is
attributed to the high adoption of software across university campuses,
industrial and commercial sites, municipalities, and utilities. Software
as a service platform allows microgrid operators to dynamically manage
and control distributed energy resources with integrated weather and
load forecasting.

The microgrid market has been segmented on the basis of connectivity
into grid connected and remote/island. The key reasons for the high
growth of remote microgrids are heavy decline in prices of solar PV and
wind power sources, drop in the cost of power generation compared with
centralized power grids, and other environmental benefits such as less
heat generation and smog.

Companies Mentioned

• ABB Ltd.
• Advanced Microgrid Solutions
• Caterpillar Inc.
• Eaton Corporation PLC
• Exelon Corporation
• General Electric
• General Microgrids, Inc.
• Green Energy Corp.
• Homer Energy LLC
• Power Analytics Corporation
• S&C Electric Company
• Schneider Electric
• Siemens AG
• Steama Co., Ltd.
• Tesla Motors Inc.
• Viridity Energy, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Microgrid Market, By Offering

8 Microgrid Market, By Connectivity

9 Microgrid Market, By Grid Type (Qualitative Chapter)

10 Microgrid Market, By Vertical

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

14 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/s5p5ms/microgrid_market

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Related
Topics: Electricity