
A microgrid is a small power grid with defined boundaries that can operate both when connected to the larger electrical grid and as an "island" when there"s an interruption on the main grid. It draws on distributed energy resources, like solar power, to serve customers within the microgrid footprint. These benefits extend to surrounding communities, with reliable energy allowing better access to food, supplies and public services.
The global Microgrid market size was valued at US$ 33760 million in 2023 and is forecast to a readjusted size of USD 71540 million by 2030 with a CAGR of 11.5% during review period.
Global microgrid key players include ABB, NEC, GE, Aquion Energy, Echelon, etc. Global top 5 players hold a share about 25%.
North America is the largest market, with a share about 41%, followed by Asia-Pacific, having a total share about 40 percent.
In terms of product, grid-tied is the largest segment, with a share about 78%. And in terms of application, the largest application is commercial or industrial microgrid.
This report is a detailed and comprehensive analysis for global Microgrid market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Microgrid market size and forecasts, in consumption value ($ Million), 2019-2030
Global Microgrid market size and forecasts by region and country, in consumption value ($ Million), 2019-2030
Global Microgrid market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030
Global Microgrid market shares of main players, in revenue ($ Million), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Microgrid
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Microgrid market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, SandC Electric Co, Eaton Corporation, Sunverge Energy, Siemens, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Microgrid market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segmentation
Microgrid market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Grid-Tied
Independent
Market segment by Application
Commercial or Industrial Microgrid
Community or Utility Microgrid
Campus or Institutional Microgrid
Military Microgrid
Remote Microgrid
Market segment by players, this report covers
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
SandC Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Microgrid product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Microgrid, with revenue, gross margin, and global market share of Microgrid from 2019 to 2024.
Chapter 3, the Microgrid competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Microgrid market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Microgrid.
Chapter 13, to describe Microgrid research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Microgrid by Type
1.3.1 Overview: Global Microgrid Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Microgrid Consumption Value Market Share by Type in 2023
1.3.3 Grid-Tied
1.3.4 Independent
1.4 Global Microgrid Market by Application
1.4.1 Overview: Global Microgrid Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Commercial or Industrial Microgrid
1.4.3 Community or Utility Microgrid
1.4.4 Campus or Institutional Microgrid
1.4.5 Military Microgrid
1.4.6 Remote Microgrid
1.5 Global Microgrid Market Size & Forecast
1.6 Global Microgrid Market Size and Forecast by Region
1.6.1 Global Microgrid Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Microgrid Market Size by Region, (2019-2030)
1.6.3 North America Microgrid Market Size and Prospect (2019-2030)
1.6.4 Europe Microgrid Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Microgrid Market Size and Prospect (2019-2030)
1.6.6 South America Microgrid Market Size and Prospect (2019-2030)
1.6.7 Middle East & Africa Microgrid Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 ABB
2.1.1 ABB Details
2.1.2 ABB Major Business
2.1.3 ABB Microgrid Product and Solutions
2.1.4 ABB Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 ABB Recent Developments and Future Plans
2.2 NEC
2.2.1 NEC Details
2.2.2 NEC Major Business
2.2.3 NEC Microgrid Product and Solutions
2.2.4 NEC Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 NEC Recent Developments and Future Plans
2.3 GE
2.3.1 GE Details
2.3.2 GE Major Business
2.3.3 GE Microgrid Product and Solutions
2.3.4 GE Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 GE Recent Developments and Future Plans
2.4 Aquion Energy
2.4.1 Aquion Energy Details
2.4.2 Aquion Energy Major Business
2.4.3 Aquion Energy Microgrid Product and Solutions
2.4.4 Aquion Energy Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Aquion Energy Recent Developments and Future Plans
2.5 Echelon
2.5.1 Echelon Details
2.5.2 Echelon Major Business
2.5.3 Echelon Microgrid Product and Solutions
2.5.4 Echelon Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Echelon Recent Developments and Future Plans
2.6 Raytheon
2.6.1 Raytheon Details
2.6.2 Raytheon Major Business
2.6.3 Raytheon Microgrid Product and Solutions
2.6.4 Raytheon Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Raytheon Recent Developments and Future Plans
2.7 SandC Electric Co
2.7.1 SandC Electric Co Details
2.7.2 SandC Electric Co Major Business
2.7.3 SandC Electric Co Microgrid Product and Solutions
2.7.4 SandC Electric Co Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 SandC Electric Co Recent Developments and Future Plans
2.8 Eaton Corporation
2.8.1 Eaton Corporation Details
2.8.2 Eaton Corporation Major Business
2.8.3 Eaton Corporation Microgrid Product and Solutions
2.8.4 Eaton Corporation Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Eaton Corporation Recent Developments and Future Plans
2.9 Sunverge Energy
2.9.1 Sunverge Energy Details
2.9.2 Sunverge Energy Major Business
2.9.3 Sunverge Energy Microgrid Product and Solutions
2.9.4 Sunverge Energy Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Sunverge Energy Recent Developments and Future Plans
2.10 Siemens
2.10.1 Siemens Details
2.10.2 Siemens Major Business
2.10.3 Siemens Microgrid Product and Solutions
2.10.4 Siemens Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Siemens Recent Developments and Future Plans
2.11 Toshiba
2.11.1 Toshiba Details
2.11.2 Toshiba Major Business
2.11.3 Toshiba Microgrid Product and Solutions
2.11.4 Toshiba Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Toshiba Recent Developments and Future Plans
2.12 General Microgrids
2.12.1 General Microgrids Details
2.12.2 General Microgrids Major Business
2.12.3 General Microgrids Microgrid Product and Solutions
2.12.4 General Microgrids Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 General Microgrids Recent Developments and Future Plans
2.13 Lockheed Martin
2.13.1 Lockheed Martin Details
2.13.2 Lockheed Martin Major Business
2.13.3 Lockheed Martin Microgrid Product and Solutions
2.13.4 Lockheed Martin Microgrid Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 Lockheed Martin Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Microgrid Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Microgrid by Company Revenue
3.2.2 Top 3 Microgrid Players Market Share in 2023
3.2.3 Top 6 Microgrid Players Market Share in 2023
3.3 Microgrid Market: Overall Company Footprint Analysis
3.3.1 Microgrid Market: Region Footprint
3.3.2 Microgrid Market: Company Product Type Footprint
3.3.3 Microgrid Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Microgrid Consumption Value and Market Share by Type (2019-2024)
4.2 Global Microgrid Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Microgrid Consumption Value Market Share by Application (2019-2024)
5.2 Global Microgrid Market Forecast by Application (2025-2030)
6 North America
6.1 North America Microgrid Consumption Value by Type (2019-2030)
6.2 North America Microgrid Market Size by Application (2019-2030)
6.3 North America Microgrid Market Size by Country
6.3.1 North America Microgrid Consumption Value by Country (2019-2030)
6.3.2 United States Microgrid Market Size and Forecast (2019-2030)
6.3.3 Canada Microgrid Market Size and Forecast (2019-2030)
6.3.4 Mexico Microgrid Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Microgrid Consumption Value by Type (2019-2030)
7.2 Europe Microgrid Consumption Value by Application (2019-2030)
7.3 Europe Microgrid Market Size by Country
7.3.1 Europe Microgrid Consumption Value by Country (2019-2030)
7.3.2 Germany Microgrid Market Size and Forecast (2019-2030)
7.3.3 France Microgrid Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Microgrid Market Size and Forecast (2019-2030)
7.3.5 Russia Microgrid Market Size and Forecast (2019-2030)
7.3.6 Italy Microgrid Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Microgrid Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Microgrid Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Microgrid Market Size by Region
8.3.1 Asia-Pacific Microgrid Consumption Value by Region (2019-2030)
8.3.2 China Microgrid Market Size and Forecast (2019-2030)
8.3.3 Japan Microgrid Market Size and Forecast (2019-2030)
8.3.4 South Korea Microgrid Market Size and Forecast (2019-2030)
8.3.5 India Microgrid Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Microgrid Market Size and Forecast (2019-2030)
8.3.7 Australia Microgrid Market Size and Forecast (2019-2030)
9 South America
9.1 South America Microgrid Consumption Value by Type (2019-2030)
9.2 South America Microgrid Consumption Value by Application (2019-2030)
9.3 South America Microgrid Market Size by Country
9.3.1 South America Microgrid Consumption Value by Country (2019-2030)
9.3.2 Brazil Microgrid Market Size and Forecast (2019-2030)
9.3.3 Argentina Microgrid Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Microgrid Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Microgrid Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Microgrid Market Size by Country
10.3.1 Middle East & Africa Microgrid Consumption Value by Country (2019-2030)
10.3.2 Turkey Microgrid Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Microgrid Market Size and Forecast (2019-2030)
10.3.4 UAE Microgrid Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Microgrid Market Drivers
11.2 Microgrid Market Restraints
11.3 Microgrid Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Microgrid Industry Chain
12.2 Microgrid Upstream Analysis
12.3 Microgrid Midstream Analysis
12.4 Microgrid Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
SandC Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
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*If Applicable.
