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North America Microgrid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4894125
  • Report
  • December 2019
  • Region: North America
  • 82 pages
  • IMARC Group
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The North America microgrid market reached a value of US$ 8.14 Billion in 2018. A microgrid refers to a distinct energy system consisting of interconnected loads and distributed energy resources that operate parallelly, or independently from the main power grid. Similar to contemporary electrical grid, a microgrid consists of power generation system, distribution system, and controls, such as voltage regulation and switch gears. It provides power backup for the grid in case of emergencies and is cost-effective. Additionally, it performs dynamic control over energy sources by enabling autonomous and automatic self-healing operations. Some of the other benefits offered by a microgrid include enhancing reliability, reducing greenhouse gas (GHG) emissions, and lowering stress on the transmission and distribution system. As a result, it provides local, reliable, and affordable energy security for urban and rural communities as well as offer solutions for commercial, industrial and federal government consumers.

The North America microgrid market is currently being driven by several factors. The escalating demand for microgrid is based on the availability of reliable, stable and affordable power. Moreover, the usage of microgrid in defense and remote areas to enhance security against cyberattacks and threat of grid outages have also increased its demand in the region. Apart from this, several government initiatives are being implemented to provide energy-efficient power solutions. Additionally, rising environmental concerns and technological innovations will continue to spur the microgrid market growth in the coming years. Looking forward, the publisher expects the market to reach a value of US$ 15.39 Billion by 2024, registering a CAGR of 11.2% during 2019-2024.

Report Scope:

North America Microgrid Market

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Energy Source
Natural Gas
Combined Heat and Power
Solar Photovoltaic (PV)
Diesel
Fuel Cell
Others

Market by Application
Remote Systems
Institution and Campus
Utility/Community
Defense
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report:
  • How has the North America microgrid market performed so far and how will it perform in the coming years?
  • What are the key regions in the North America microgrid market?
  • What is the breakup of the North America microgrid market on the basis of energy source?
  • What is the breakup of the North America microgrid market on the basis of application?
  • What are the various stages in the value chain of the North America microgrid industry?
  • What are the key driving factors and challenges in the North America microgrid industry?
  • What is the structure of the North America microgrid industry and who are the key players?
  • What is the degree of competition in the North America microgrid industry?
  • What are the profit margins in the North America microgrid industry?
Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: North America, United States and Canada
Segments Covered: Energy Source and Application

Report Customization: Although the publisher has tried to cover everything in the North America microgrid market landscape, the publisher believes that every stakeholder may have their own specific needs. In view of this, the publisher provides up to 20-man hours of free customization for each report.
Note: Product cover images may vary from those shown
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1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Microgrid Market
5.1 Market Performance
5.2 Market Breakup by Energy Source
5.3 Market Breakup by Application
5.4 Market Breakup by Region
5.5 Market Forecast

6 North America Microgrid Market
6.1 Market Performance
6.2 Market Forecast

7 North America Microgrid Market: Breakup by Energy Source
7.1 Natural Gas
7.2 Combined Heat and Power
7.3 Solar Photovoltaic (PV)
7.4 Diesel
7.5 Fuel Cell
7.6 Others

8 North America Microgrid Market: Breakup by Application
8.1 Remote Systems
8.2 Institution and Campus
8.3 Utility/Community
8.4 Defense
8.5 Others

9 North America Microgrid Market: Breakup by Country
9.1 United States
9.1.1 Historical market Trends
9.1.2 Market Breakup by Energy Source
9.1.3 Market Breakup by Application
9.1.4 Market Forecast
9.2 Canada
9.2.1 Historical market Trends
9.2.2 Market Breakup by Energy Source
9.2.3 Market Breakup by Application
9.2.4 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis
11.1 Overview
11.2 Raw Material Suppliers
11.3 Sub-Components and Sub-Systems Manufacturers
11.4 Microgrid Manufacturers
11.5 Microgrid Control
11.6 Power Distribution
11.7 End-Use Industries

12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
Note: Product cover images may vary from those shown
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