Global Nanogrid (Below 1 MW) Market Size By End User (Commercial, Industrial, Institutional), By Application (Solar, EVs, CHP), By Geographic Scope And Forecast

Nanogrid (Below 1 MW) Market Size And Forecast

Nanogrid (Below 1 MW) Market size was valued at USD 10,507.78 Million in 2020 and is projected to reach USD 30,532.31 Million by 2028, growing at a CAGR of 15.79% from 2021 to 2028.

The need to reduce the percentage of carbon emission, in order to slow down the impact of the drastic climate change, fuels the demand for increased power quality and reliability. This in turn contributes to enhancing the demand for the . The Global Nanogrid (Below 1 MW) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Nanogrid (Below 1 MW) Market Definition

A nano grid serves its purpose for a single residential or small commercial building (by supplying the medium to low voltage power grid). Nanogrid is also termed the “building cell” of the microgrid. The significant increase in demand for electricity, owing to the rapidly increasing populations, industrialization, and urbanization leads to fuel the need for the nanogrid market.

Global Nanogrid (Below 1 MW) Market Overview

Nanogrids are shaping up to be big players in how we generate our own electricity, especially with the push for cleaner energy, more local control, digital solutions, and clever ways to avoid building new power lines. According to recent reports, these nanogrids, with their smart designs, are really good at meeting our energy needs efficiently. Since we're all trying to cut back on carbon emissions to fight climate change, the need for reliable and high-quality power is growing, which is great news for the nanogrid market. What's even cooler is that renewable energy sources, like offshore and onshore wind, combined with energy-saving strategies, can slash emissions by over 90%, boosting the economy along the way. All this is driving a big shift towards using more renewable energy in nanogrid technology. Plus, nanogrids tend to be more affordable and simpler to set up, making them a cost-effective choice. And if needed, it's easy to link them together, creating a coordinated response to support the main power grid when things get tough.

In addition, the concerns focusing on identifying the cybersecurity risks in real world residential PV-based DER deployment are some factors hampering the growth of the market.

Global Nanogrid (Below 1 MW) MarketSegmentation Analysis

The Global Nanogrid (Below 1 MW) Market is segmented based on End User, Application, and Geography.

Nanogrid (Below 1 MW) Market, By Application

• Solar• EVs• CHP• Others

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Based on Application, the market is bifurcated into Solar, EVs, CHP, and Others. Solar accounted for the largest market share of 43.75% in 2020, and is projected to grow at a CAGR of 15.92% during the forecast period. EVs was the second-largest market in 2020. Nanogrids are the type of local energy self-sufficient systems with power generation, controls and often store energy.

Nanogrid (Below 1 MW) Market, By End User

• Commercial• Industrial• Institutional• Others

Based on the End User, the Global Nanogrid (Below 1 MW) Market has been segmented into Commercial, Industrial, Institutional, and Others. Commercial accounted for the largest market share of 34.43% in 2020, and is projected to grow at a CAGR of 16.17% during the forecast period. Industrial was the second-largest market in 2020. The commercial sector includes properties related to office, retail, hospitality, towers, specialty, among others.

Nanogrid (Below 1 MW) Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

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On the basis of Geography, the Global Nanogrid (Below 1 MW) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share of 35.74% in 2020, and is projected to grow at a CAGR of 15.07% during the forecast period. Europe was the second-largest market in 2020.

Key Players

The “Global Nanogrid (Below 1 MW) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Eaton Corporation, Siemens, Robert Bosch, Emerson Network Power, Ideal Power, Greensmith Energy Management Systems, Alpha Group, Nanogrid Technologies, Green Charge Networks, Moixa Technology, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

We dig deep into the market, using both numbers and less tangible stuff to break it down into understandable segments. You'll get hard numbers – market value in USD Billion – for each of these segments and sub-segments. We'll pinpoint which region and segment are poised for rocketship growth and market leadership. Expect a geographic breakdown showing product/service consumption and what's driving (or hindering) the market in each area. We size up the competition, ranking the big players and detailing their latest moves (new stuff, partnerships, expansions, acquisitions) over the last five years. We'll also give you detailed company profiles, including overviews, insights, benchmarking, and SWOT analyses for the main contenders. Get a clear picture of the present and future, covering recent developments, opportunities, growth drivers, and the hurdles in both established and emerging markets. We'll even throw in an in-depth look using Porter's Five Forces and trace the Value Chain to give you the complete picture. And, of course, we'll map out future market dynamics and growth potential. As a bonus, you get 6 months of post-sales analyst support to help you make the most of it!

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