About Nanogrid
Nano grid is a single domain for reliability, voltage, and administration, powered by batteries which support household lightening, electronics devices, and internet communication. It is a DC based system which is used for the generation and storage of power in buildings. It can be highly dynamic, with the set of devices part of it changing over time. This includes loads, storage, and connections to other grids. Nano grid is mostly applicable in commercial buildings as an effective and reliable energy solution. Moreover, it is used commonly, in the form of USB powered devices off a PC, Power over Ethernet distribution systems, and the electricity systems in cars and other vehicles.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Nanogrid market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch GmbH (Germany), Greensmith Energy Management Systems (United States), Eaton Corporation (Ireland), Alpha Group (United States), Power Generation Services (United States), Flexenclosure AB (Sweden), Emerson Network Power (Brazil), Ideal Power (United States), Green Charge Networks (United States) and Moixa Technology (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Nanogrid market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Nanogrid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Loads will boost the Nanogrid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function, the sub-segment i.e. Energy Generation will boost the Nanogrid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sources, the sub-segment i.e. Renewable will boost the Nanogrid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Bosch Global Software Technologies (BGSW), formerly known as Robert Bosch Engineering and Business Solutions, one of the world's leading global suppliers of technology and software services, today announced the launch of its new center in Hyderabad. BGSW is the largest software and technology center for Bosch outside Germany with a delivery & sales network across several global locations such as Mexico, Vietnam, North America, Japan, Germany, the Middle East, and India. While BGSW is headquartered in Bangalore, being a global hub for software, it caters to customers and partners across geographies and industries in their digitalization journey.
In accordance with Section 203 of the Energy Policy Act of 2005 (42 U.S.C. § 15852), each fiscal year the federal government must consume at least 7.5% of its total electricity from renewable sources—referred to as renewable electricity requirement.
Market Drivers
- Benefits of Storing Clean Energy with Effective Cost Price
- Wide Range of Application Such as Commercial and Residential Buildings
Opportunities
- Rising Investments is Boosting the Market Growth
- Technological Advancements
Restraints
- High Costs May Hamper the Market Growth
Challenges
- Lack of Awareness about the Nano Grid Technology
Key Target Audience
Components Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.