North America Microgrid Market (2019-2025) | Size, Share, Trend, Growth, Forecast, Revenue, Analysis & Outlook

North America microgrid market report thoroughly covers the market by types, applications, and countries including the United States, Canada, and the Rest of North America. North America microgrid market outlook report provides an unbiased and detailed analysis of the North America microgrid market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies according to the future current market dynamics.

North America Microgrid Market Synopsis

North America Microgrid Market is driven by growing demand for electricity from off-grid and rural areas coupled with a surge in the adoption of clean energy sources. The flexibility of the microgrids to be connected with different power sources such as solar, natural gas, hydro, etc. drives its demand in the industrial and commercial sectors. Furthermore, natural calamities such as “Hurricane Sandy” in the United States which caused a massive blackout have led the government to invest in microgrid technology and self-power generating sources.

According to 6Wresearch, the North America Microgrid Market size is expected to witness significant growth during 2019-2025. Rising globalization coupled with increasing demand for power is accelerating the North America Microgrid Market Growth. Rising awareness regarding green power technologies backed by rising disposable income is proliferating the growth of the market. Rising expenditure on research and development coupled with the rising focus of government to reduce carbon emissions is accelerating the growth of the market. However, a lack of knowledge about the procedure is still a restraining factor in the growth of the market.

Market Analysis by Types

Based on types, remote/off-grid microgrid is anticipated to grow at a considerable rate during the forecast period due to the environmental benefits, the decline in the prices of wind power sources and solar photovoltaic cells, and drop in power generation cost in comparison to the conventional sources. The remote microgrids find widespread applications as power supply sources in rural areas.

Market Analysis by Country

The United States is the leading revenue-generating country in the North America region owing to the high demand for military applications and supportive government policies to electrify off-grid areas. Also, various government moves such as the “Clean Power Plan” of the United States and “US grid 2030: National Vision for Electricity” have led to the increase in the penetration of renewable energies into the electricity generation systems resulting in a surge in demand for microgrids in the country.

Key Highlights of the Report:

• North America Microgrid Market Overview
• North America Microgrid Market Outlook
• North America Microgrid Market Forecast
• Historical Data of North America Microgrid Revenues for the Period 2015-2018
• North America Microgrid Market Size and North America Microgrid Market Forecast of Revenues, Until 2025
• Historical Data of North America Microgrid Market Revenues, By Types, for the Period 2015-2018
• Market Size & Forecast of North America Microgrid Market Revenues, By Types, until 2025
• Historical Data of North America Microgrid Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of North America Microgrid Market Revenues, By Applications, until 2025
• Historical Data of United States Microgrid Market Revenues, for the Period 2015-2018
• Market Size & Forecast of United States Microgrid Market Revenues, until 2025
• Historical Data of Canada Microgrid Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Canada Microgrid Market Revenues, until 2025
• Historical Data of Rest of North America Microgrid Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Rest of North America Microgrid Market Revenues, until 2025
• Market Drivers and Restraints
• North America Microgrid Market Trends and Industry Life Cycle
• North America Microgrid Market Share, By Regions
• North America Microgrid Market Share, By Players
• North America Microgrid Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The North America Microgrid Market report provides a detailed analysis of the following market segments:

By Types:

• Grid Connected
• Remote/Island/Off-Grid

By Applications:

• Healthcare
• Military
• Educational Institutes
• Industries
• Government & Utilities
• Others

By Countries

• United States
• Canada
• Rest of North America

Other Key Reports Available:

• United States Microgrid Market Report
• Canada Microgrid Market Report

North America Microgrid Market: FAQs