According to IMARC Group’s latest report, titled North America Microgrid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026.’the North America microgrid market reached a value of US$ 10.1 Billion in 2020. A microgrid represents a distinct and self-sufficient energy system comprising of interconnected loads and distributed energy resources operating parallelly or independently from the main power grid. It includes a power generation system, distribution system, and numerous controls, such as voltage regulation and switch gears. Microgrids are cost-effective, offer power backup during emergencies, and enable autonomous and automatic self-healing operations. They also enhance reliability, reduce greenhouse gas (GHG) emissions, lower stress on the transmission and distribution systems, etc. Consequently, microgrids provide reliable and affordable energy security for urban and rural communities and are thus utilized by government bodies as well as by commercial and industrial establishments.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request for a PDF sample of this report: https://www.imarcgroup.com/north-america-microgrid-market/requestsample
The rising utilization of these energy systems across the defense sector to enhance network security against cyberattacks and risks of grid outages is primarily driving the North America microgrid market. Moreover, the ability of these systems to function under island mode, independent of all external power and data transmissions, is further catalyzing the market growth. Besides this, numerous technological advancements, including the introduction of control and dispatch strategies, improvement in load management, integration with inverter interfaced distributed generation (DG) systems, etc., are also augmenting the regional market. Furthermore, the launch of several favorable initiatives by government bodies to provide energy-efficient power solutions is expected to fuel the North America microgrid market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of 10.5% during 2021-2026.
- North America Microgrid Market
- Key Regions Analysed
- United States
- Analysis for Each Country
- Market by Energy Source
- Natural Gas
- Combined Heat and Power
- Solar Photovoltaic (PV)
- Fuel Cell
- Market by Application
- Remote Systems
- Institution and Campus
Explore full report with TOC & List of Figures:https://www.imarcgroup.com/north-america-microgrid-market
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Europe Aluminum Powder Market: https://www.imarcgroup.com/europe-aluminium-powder-market
Smart Mirror Market Price Trends: https://www.imarcgroup.com/smart-mirror-market
Europe PVC Pipes Market Share: https://www.imarcgroup.com/europe-pvc-pipes-market
Pet Bottle Market: https://www.imarcgroup.com/PET-bottle-manufacturing-plant
Vietnam Aquaculture Market: https://www.imarcgroup.com/vietnam-aquaculture-market
Automotive Connectors Market: https://www.imarcgroup.com/automotive-connectors-market
Data Center Automation Market: https://www.imarcgroup.com/data-center-automation-market
Infant Phototherapy Devices Market: https://www.imarcgroup.com/infant-phototherapy-devices-market
Aviation Lubricants Market: https://www.imarcgroup.com/aviation-lubricants-market
Platelet Aggregation Devices Market: https://www.imarcgroup.com/platelet-aggregation-devices-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800