Press Release

Microgrid Market Strategy And Remarkable Growth Rate By 2026 | Fortune Business Insights

The global microgrid market is likely to gain traction in the coming years due to the uptake of renewable energy sources, resulting from the growing awareness regarding climate change. According to a report by Fortune Business Insights, titled “”Microgrid Market“” Size, Share and Global Trend By Type (Grid-connected, Hybrid Cycle), By End User (Educational Institutes, Military & Defence, Hospitals, Remote Areas, Commercial & Industrial) and By Geography Forecast till 2026, the market is likely to expand considerably in the coming years due to the abilities of microgrid system to harness energy and enable optimum use, thereby minimizing waste.

Request a Sample Copy of the Global Market Research Report:

The increasing use of conventional sources has had a negative impact on the environmental conditions. With the increasing use, there is a need to develop their product alternatives that would preferably work on non-conventional sources. This has led to the emergence of energy harnessing systems integrated with concepts that would suffice optimum energy use. The naturally available non-conventional sources can be harnessed and used for several purposes in the industrial sector and domestic purposes.

Among all sources, the sun provides an unlimited amount of energy, due to which, the emphasis is inclined towards harnessing solar energy to its maximum. The ability of microgrid systems to operate through renewable energy sources has led to a rising uptake of microgrid, around the world.


1. By Type

  • Grid-connected
  • Off-grid

2. By End User

  • Educational Institutes
  • Military & Defence
  • Hospitals
  • Remote Areas
  • Commercial & Industrial

3. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Have any Query? Speak to Analyst at:

Key Market Driver – Demand for an uninterrupted and reliable source of power

Key Market Restraint – Higher initial investment for micro-grid infrastructure

Key Market Driver – Demand for an uninterrupted and reliable source of power

Key Market Restraint – Higher initial investment for micro-grid infrastructure

Key Industry Developments

  • In Marche 2019, Georgia Power in collaboration with Georgia Tech will build a new 1.4 MW microgrid in Tech Square at Metro Atlanta.
  • In January 2019, ABB is planning to install microgrid with battery storage at the campus of IIT, Roorkee as a part of smart campus development. This is a part of R&D collaboration outlined in MoU between ABB and IIT Roorkee signed in July 2018.
  • In October 2018, Small island nation Palau in the western Pacific signed a 30-year power purchase agreement (PPA) with Engie EPS for world’s largest microgrid. Palau is targeting 45% increase in renewables by 2026 to reduce energy emissions.

Request for Customization:

Top Players Overview:

  • ABB
  • Schneider Electric
  • Encorp
  • Schweitzer Engineering Laboratories
  • Siemens
  • S&C Electric
  • PowerSecure
  • Spirae
  • Power One Solutions
  • Emerson Automation Solutions
  • CleanSpark
  • Honeywell
  • Power Analytics and Exelon Corporation.

For more information in the analysis of this report, visit:

(Have a Look at Reports Trending in “”Energy & Power“” Industry)

View Related Reports:

Naphtha Market Strength, Major Type, Key Application And Leading Companies Forecast Till 2026

Automotive oil recycling market Size, Key Analysis And Comprehensive Growth Forecast Till 2026 | Fortune Business Insights

Iron Flow Battery Market Strategy And Remarkable Growth Rate By 2026 | Fortune Business Insights

Crude Oil Flow Improvers Market Size, Share And Major Industry Players Forecast 2026 | Fortune Business Insights

Level Transmitter Market: What are the Short and long-term actions taken by Key Players During Coronavirus Pandemic? Fortune Business Insights

Who are the key manufacturers in Hybrid Power System Market? Fortune Business Insights

Diesel Fuel Market – What will be the Short-term Impact of Coronavirus? Fortune Business Insights

Copper Magnet Wire Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights

Who are the key manufacturers in Hybrid Power System Market? Fortune Business Insights

Variable Frequency Drive Market: How will the Disruptions Created by Covid19 Affect the market ? Fortune Business Insights

Coronavirus Outbreak: Mobile Virtual Network Operators Market Fights Back with Well-defined Business Strategie? Fortune Business Insights

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected] 


Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

Related Articles