Global microgrid market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.

Market Segmentation: Global Microgrid Market

• By Grid Type (AC Microgrid, DC Microgrid, and Hybrid),
• By Connectivity (grid connected and remote/island),
• BY Offering (Hardware, Software, And Services),
• By Vertical (Healthcare, Educational Institutions, Industrial, Military, and Electric Utility),
• By Power Source (Natural Gas, Combined Heat and Power, Diesel, Solar, Fuel Cells, And Others),
• By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)

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Key Drivers: Global Microgrid Market

The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.

Key Points: Global Microgrid Market

In 2017, the global microgrid market is dominated by ABB with market share of 21.4%, followed by General Electric Company 14.8%, Siemens AG 10.1%, Honeywell International Inc. 8.2%, Eaton Corporation PLC 6.1% and others 39.4%.
• The DC microgrid segment is dominating the global microgrid market.
• Hybrid segment is expected to grow with the highest CAGR of 25.0% in the forecast period 2018 to 2025.

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