The global Microgrid System market size was valued at USD 28230 million in 2023 and is forecast to a readjusted size of USD 60680 million by 2030 with a CAGR of 11.6% during review period.
Microgrid System is a localized energy system that includes distributed energy sources, energy storage, and control mechanisms to operate independently or in conjunction with the main grid.
According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 30% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.
The publisher report includes an overview of the development of the Microgrid System industry chain, the market status of Community (AC Microgrid System, DC Microgrid System), Military (AC Microgrid System, DC Microgrid System), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Microgrid System.
Regionally, the report analyzes the Microgrid System markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Microgrid System market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Microgrid System market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Microgrid System industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., AC Microgrid System, DC Microgrid System).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Microgrid System market.
Regional Analysis: The report involves examining the Microgrid System market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Microgrid System market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Microgrid System:
Company Analysis: Report covers individual Microgrid System manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Microgrid System This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Community, Military).
Technology Analysis: Report covers specific technologies relevant to Microgrid System. It assesses the current state, advancements, and potential future developments in Microgrid System areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Microgrid System market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Microgrid System 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 in terms of volume and value.
Market segment by Type
AC Microgrid System
DC Microgrid System
Hybrid Microgrid System
Market segment by Application
Community
Military
Commercial & Industrial
Others
Major players covered
ABB
Aquion Energy
Eaton Corporation
Echelon
GE
General Microgrids
Lockheed Martin
NEC
Raytheon
SandC Electric Co
Siemens
Sunverge Energy
Toshiba
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Microgrid System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Microgrid System, with price, sales, revenue and global market share of Microgrid System from 2019 to 2024.
Chapter 3, the Microgrid System competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Microgrid System breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Microgrid System market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Microgrid System.
Chapter 14 and 15, to describe Microgrid System sales channel, distributors, customers, 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 of Microgrid System
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Microgrid System Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 AC Microgrid System
1.3.3 DC Microgrid System
1.3.4 Hybrid Microgrid System
1.4 Market Analysis by Application
1.4.1 Overview: Global Microgrid System Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Community
1.4.3 Military
1.4.4 Commercial & Industrial
1.4.5 Others
1.5 Global Microgrid System Market Size & Forecast
1.5.1 Global Microgrid System Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Microgrid System Sales Quantity (2019-2030)
1.5.3 Global Microgrid System Average Price (2019-2030)
2 Manufacturers Profiles
2.1 ABB
2.1.1 ABB Details
2.1.2 ABB Major Business
2.1.3 ABB Microgrid System Product and Services
2.1.4 ABB Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 ABB Recent Developments/Updates
2.2 Aquion Energy
2.2.1 Aquion Energy Details
2.2.2 Aquion Energy Major Business
2.2.3 Aquion Energy Microgrid System Product and Services
2.2.4 Aquion Energy Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Aquion Energy Recent Developments/Updates
2.3 Eaton Corporation
2.3.1 Eaton Corporation Details
2.3.2 Eaton Corporation Major Business
2.3.3 Eaton Corporation Microgrid System Product and Services
2.3.4 Eaton Corporation Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Eaton Corporation Recent Developments/Updates
2.4 Echelon
2.4.1 Echelon Details
2.4.2 Echelon Major Business
2.4.3 Echelon Microgrid System Product and Services
2.4.4 Echelon Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Echelon Recent Developments/Updates
2.5 GE
2.5.1 GE Details
2.5.2 GE Major Business
2.5.3 GE Microgrid System Product and Services
2.5.4 GE Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 GE Recent Developments/Updates
2.6 General Microgrids
2.6.1 General Microgrids Details
2.6.2 General Microgrids Major Business
2.6.3 General Microgrids Microgrid System Product and Services
2.6.4 General Microgrids Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 General Microgrids Recent Developments/Updates
2.7 Lockheed Martin
2.7.1 Lockheed Martin Details
2.7.2 Lockheed Martin Major Business
2.7.3 Lockheed Martin Microgrid System Product and Services
2.7.4 Lockheed Martin Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Lockheed Martin Recent Developments/Updates
2.8 NEC
2.8.1 NEC Details
2.8.2 NEC Major Business
2.8.3 NEC Microgrid System Product and Services
2.8.4 NEC Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 NEC Recent Developments/Updates
2.9 Raytheon
2.9.1 Raytheon Details
2.9.2 Raytheon Major Business
2.9.3 Raytheon Microgrid System Product and Services
2.9.4 Raytheon Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Raytheon Recent Developments/Updates
2.10 SandC Electric Co
2.10.1 SandC Electric Co Details
2.10.2 SandC Electric Co Major Business
2.10.3 SandC Electric Co Microgrid System Product and Services
2.10.4 SandC Electric Co Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 SandC Electric Co Recent Developments/Updates
2.11 Siemens
2.11.1 Siemens Details
2.11.2 Siemens Major Business
2.11.3 Siemens Microgrid System Product and Services
2.11.4 Siemens Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Siemens Recent Developments/Updates
2.12 Sunverge Energy
2.12.1 Sunverge Energy Details
2.12.2 Sunverge Energy Major Business
2.12.3 Sunverge Energy Microgrid System Product and Services
2.12.4 Sunverge Energy Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Sunverge Energy Recent Developments/Updates
2.13 Toshiba
2.13.1 Toshiba Details
2.13.2 Toshiba Major Business
2.13.3 Toshiba Microgrid System Product and Services
2.13.4 Toshiba Microgrid System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 Toshiba Recent Developments/Updates
3 Competitive Environment: Microgrid System by Manufacturer
3.1 Global Microgrid System Sales Quantity by Manufacturer (2019-2024)
3.2 Global Microgrid System Revenue by Manufacturer (2019-2024)
3.3 Global Microgrid System Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Microgrid System by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Microgrid System Manufacturer Market Share in 2023
3.4.2 Top 6 Microgrid System Manufacturer Market Share in 2023
3.5 Microgrid System Market: Overall Company Footprint Analysis
3.5.1 Microgrid System Market: Region Footprint
3.5.2 Microgrid System Market: Company Product Type Footprint
3.5.3 Microgrid System Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Microgrid System Market Size by Region
4.1.1 Global Microgrid System Sales Quantity by Region (2019-2030)
4.1.2 Global Microgrid System Consumption Value by Region (2019-2030)
4.1.3 Global Microgrid System Average Price by Region (2019-2030)
4.2 North America Microgrid System Consumption Value (2019-2030)
4.3 Europe Microgrid System Consumption Value (2019-2030)
4.4 Asia-Pacific Microgrid System Consumption Value (2019-2030)
4.5 South America Microgrid System Consumption Value (2019-2030)
4.6 Middle East and Africa Microgrid System Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Microgrid System Sales Quantity by Type (2019-2030)
5.2 Global Microgrid System Consumption Value by Type (2019-2030)
5.3 Global Microgrid System Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Microgrid System Sales Quantity by Application (2019-2030)
6.2 Global Microgrid System Consumption Value by Application (2019-2030)
6.3 Global Microgrid System Average Price by Application (2019-2030)
7 North America
7.1 North America Microgrid System Sales Quantity by Type (2019-2030)
7.2 North America Microgrid System Sales Quantity by Application (2019-2030)
7.3 North America Microgrid System Market Size by Country
7.3.1 North America Microgrid System Sales Quantity by Country (2019-2030)
7.3.2 North America Microgrid System Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Microgrid System Sales Quantity by Type (2019-2030)
8.2 Europe Microgrid System Sales Quantity by Application (2019-2030)
8.3 Europe Microgrid System Market Size by Country
8.3.1 Europe Microgrid System Sales Quantity by Country (2019-2030)
8.3.2 Europe Microgrid System Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Microgrid System Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Microgrid System Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Microgrid System Market Size by Region
9.3.1 Asia-Pacific Microgrid System Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Microgrid System Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Microgrid System Sales Quantity by Type (2019-2030)
10.2 South America Microgrid System Sales Quantity by Application (2019-2030)
10.3 South America Microgrid System Market Size by Country
10.3.1 South America Microgrid System Sales Quantity by Country (2019-2030)
10.3.2 South America Microgrid System Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Microgrid System Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Microgrid System Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Microgrid System Market Size by Country
11.3.1 Middle East & Africa Microgrid System Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Microgrid System Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Microgrid System Market Drivers
12.2 Microgrid System Market Restraints
12.3 Microgrid System Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Microgrid System and Key Manufacturers
13.2 Manufacturing Costs Percentage of Microgrid System
13.3 Microgrid System Production Process
13.4 Microgrid System Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Microgrid System Typical Distributors
14.3 Microgrid System Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
ABB
Aquion Energy
Eaton Corporation
Echelon
GE
General Microgrids
Lockheed Martin
NEC
Raytheon
SandC Electric Co
Siemens
Sunverge Energy
Toshiba
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*If Applicable.
