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Microgrid Technology Market are Anticipated to Grow at a CAGR of xxx% and xxx% Respectively During the Forecast Period 2018-2025

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Planet Market Reports has added a report, titled, “Global Microgrid Technology Market 2018 Forecast to 2023.” The research offers a detailed analysis of major market players, key segments, and regions for the historic period, 2012–2017, and the forecast period, 2018–2023.

Microgrid is a localized power system comprised of distributed generation assets, energy storage devices, and smart distribution technologies that interoperates through controls and softwarebased intelligence systems.
Microgrid is among the most promising tools of modern distribution networks due to their versatility. Once fully customized to the electricity and heating needs of a specific end user, they can simultaneously deliver enhanced reliability, energy and cost efficiency as well as environmental benefits. 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.

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Scope of the Report:

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.

The second place is Asia regions; following North America with the Revenue market share over 27.83% in 2016. Europe is another important consumption market of Microgrid Technology.
Microgrid Technology 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 in Campus/Institutional Microgrid, 24.24% in Commercial/Industrial Microgrid, and 21.28% in Community/Utility Microgrid in 2016.

There are two kinds of Microgrid Technology, which are GridTied Type Microgrid and Independent Type Microgrid. GridTied Type Microgrid is important in the Microgrid Technology, with a Installed Capacity market share nearly 78.30% in 2016.

Briefly speaking, in the next few years, Microgrid Technology industry will still be a rapid development industry. Sales of Microgrid Technology have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.

The worldwide market for Microgrid Technology is expected to grow at a CAGR of roughly 14.2% over the next five years, will reach 25300 million US$ in 2023, from 11400 million US$ in 2017, according to a new Planet Market Reports study.

Get More Information about this Report @ https://www.planetmarketreports.com/reports/global-microgrid-technology-market-9384

Market Segment by Manufacturers, this report covers

ABB
GE
Echelon
S&C Electric Co
Siemens
General Microgrids
Microgrid Solar
Raytheon
Sunverge Energy
Toshiba
NEC
Aquion Energy
EnStorage
SGCC
Moixa
EnSync
Ampard
Green Energy Corp
Growing Energy Labs Inc
HOMER Energy
Spirae, Inc.

Market Segment by Regions, regional analysis covers

North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
AsiaPacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia etc.
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa

Market Segment by Type, covers

GridTied Type Microgrid
Independent Type Microgrid

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Market Segment by Applications, can be divided into

Commercial/Industrial Microgrid
Community/Utility Microgrid
Campus/Institutional Microgrid
Military Microgrid
Remote Microgrid

Regional demand comparison is carried out along with estimations for demands based on a tabular representation. Moreover, a table outlines key consumers for each application.

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