The global Microgrid System market size was valued at US$ 31150 million in 2024 and is forecast to a readjusted size of USD 67390 million by 2031 with a CAGR of 11.8% 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.
This report is a detailed and comprehensive analysis for global Microgrid System market. Both quantitative and qualitative analyses are presented by manufacturers, 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 2025, are provided.
Key Features:
Global Microgrid System market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Microgrid System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Microgrid System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Microgrid System market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
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 System
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 System market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Aquion Energy, Eaton Corporation, Echelon, GE, General Microgrids, Lockheed Martin, NEC, Raytheon, SandC Electric Co, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Microgrid System market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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 quantity, revenue, and global market share of Microgrid System from 2020 to 2025.
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 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
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 2020 to 2025.and Microgrid System market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
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
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: 2020 Versus 2024 Versus 2031
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: 2020 Versus 2024 Versus 2031
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 (2020 & 2024 & 2031)
1.5.2 Global Microgrid System Sales Quantity (2020-2031)
1.5.3 Global Microgrid System Average Price (2020-2031)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
2.13.5 Toshiba Recent Developments/Updates
3 Competitive Environment: Microgrid System by Manufacturer
3.1 Global Microgrid System Sales Quantity by Manufacturer (2020-2025)
3.2 Global Microgrid System Revenue by Manufacturer (2020-2025)
3.3 Global Microgrid System Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Microgrid System by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Microgrid System Manufacturer Market Share in 2024
3.4.3 Top 6 Microgrid System Manufacturer Market Share in 2024
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 (2020-2031)
4.1.2 Global Microgrid System Consumption Value by Region (2020-2031)
4.1.3 Global Microgrid System Average Price by Region (2020-2031)
4.2 North America Microgrid System Consumption Value (2020-2031)
4.3 Europe Microgrid System Consumption Value (2020-2031)
4.4 Asia-Pacific Microgrid System Consumption Value (2020-2031)
4.5 South America Microgrid System Consumption Value (2020-2031)
4.6 Middle East & Africa Microgrid System Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Microgrid System Sales Quantity by Type (2020-2031)
5.2 Global Microgrid System Consumption Value by Type (2020-2031)
5.3 Global Microgrid System Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Microgrid System Sales Quantity by Application (2020-2031)
6.2 Global Microgrid System Consumption Value by Application (2020-2031)
6.3 Global Microgrid System Average Price by Application (2020-2031)
7 North America
7.1 North America Microgrid System Sales Quantity by Type (2020-2031)
7.2 North America Microgrid System Sales Quantity by Application (2020-2031)
7.3 North America Microgrid System Market Size by Country
7.3.1 North America Microgrid System Sales Quantity by Country (2020-2031)
7.3.2 North America Microgrid System Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Microgrid System Sales Quantity by Type (2020-2031)
8.2 Europe Microgrid System Sales Quantity by Application (2020-2031)
8.3 Europe Microgrid System Market Size by Country
8.3.1 Europe Microgrid System Sales Quantity by Country (2020-2031)
8.3.2 Europe Microgrid System Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Microgrid System Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Microgrid System Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Microgrid System Market Size by Region
9.3.1 Asia-Pacific Microgrid System Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Microgrid System Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Microgrid System Sales Quantity by Type (2020-2031)
10.2 South America Microgrid System Sales Quantity by Application (2020-2031)
10.3 South America Microgrid System Market Size by Country
10.3.1 South America Microgrid System Sales Quantity by Country (2020-2031)
10.3.2 South America Microgrid System Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Microgrid System Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Microgrid System Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Microgrid System Market Size by Country
11.3.1 Middle East & Africa Microgrid System Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Microgrid System Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
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 Industry Value Chain Analysis
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.
