Market Research Report
North America Microgrid Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||793688|
|Published||Content info||106 Pages
Delivery time: 2-3 business days
|North America Microgrid Market Forecast 2019-2027|
|Published: February 25, 2019||Content info: 106 Pages||
The microgrids market is predicted to be growing profusely during the forecasting years of 2019-2027 in the North American region mainly due to the increasing demand for power that is fueling up the capacity addition of renewable energy resulting in increased adoption of the microgrids. The regional market in North America is expected to be proliferating at a CAGR of 10.63% during the forecasting years of 2019-2027.
Government & utilities find significant levels of applications in the microgrid market due to the growth initiatives of the government of various countries for electrification and increasing adoption of microgrid by institutions. This trend has stipulated massive application for the microgrid market in the North American region, where governmental incentives play a massive role in the said market proliferation.
The smart city initiatives across the US are expected to provide a wide adoption potential to the microgrids for secure electricity generation and distribution. The microgrid market has the segmentation on the basis of offerings, types, consumption patterns and verticals.
Some of the companies established in the North American regional market are Princeton Power Systems, Schneider Electric, Fuelcell Energy Inc., Fairbanks Morse, S&C Electric Company, Power Engineers Incorporated, Exelon Corporation, Siemens AG, ABB Ltd., Duke Energy Corporation, Eaton Corporation PLC, Hitachi Ltd., National Grid, NRG Energy Inc. and General Electric.