Global Microgrids Market
is Estimated to Reach $32 Billion by 2025, Says Accurize Market Research

Global Microgrids Market report published by
Accurize Market Research forecast that the global market is expected to reach
$32 billion by 2025; growing at a CAGR of 19.5% from 2017 to 2025. By
geography, the Asia Pacific and North America are expected to grow at a CAGR of
XX% and XX%, respectively, during the forecast period.

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The high implementation of software across
industrial and commercial sites, university campuses, municipalities, and
utilities to drive the growth of the market

The high implementation of software across
industrial and commercial sites, university campuses, municipalities, and
utilities fuels the demand for the global microgrids market. Furthermore, the
expansion of electricity infrastructure in developing countries also boosts the
growth of the market.

Market Segmentation

The global microgrids market has been bifurcated on
the basis of type, offering, vertical and geography. Grid-connected and
Remote/Island/off-grid are covered under type segment. The offering segment
contains hardware, software, and services. Further, the vertical segment
includes educational institutes, industrial, military, healthcare, government
& utilities, and others. By geography, the market is segmented into North
America, Europe, Asia-Pacific and Rest of the World (RoW).

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Top players in the
market

The key market players include Abb Ltd., Advanced
Microgrid Solutions Llc, Alstom Power Ltd., Ampard Ag, Anbaric Transmission
Llc, Aquion Energy, Azure Power Global Ltd., Black & Veatch, Bosch Building
Grid Technologies (Bgt), Burns Engineering, Byd Company Ltd., Canadian Solar
Solutions Inc., Capstone Turbine Corp., Carnegie Clean Energy Ltd., Caterpillar
Inc., Cenergy Power, China Singyes Solar Technologies Holdings Ltd., Cleanspark
Inc., Constellation Energy Group Inc., Eaton Corp. Plc. and Electro Power Systems
Sa, among others.