Global Microgrid System Market Growth 2024-2030

Publication ID:

LPI07242209

Publication Date:

July 2, 2024

Pages:

117

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Microgrid System market size was valued at US$ 26840 million in 2023. With growing demand in downstream market, the Microgrid System is forecast to a readjusted size of US$ 61300 million by 2030 with a CAGR of 12.5% during review period.
The research report highlights the growth potential of the global Microgrid System market. Microgrid System are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Microgrid System. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Microgrid System market.
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.
Key Features:
The report on Microgrid System market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Microgrid System market. It may include historical data, market segmentation by Type (e.g., AC Microgrid System, DC Microgrid System), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Microgrid System market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Microgrid System market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Microgrid System industry. This include advancements in Microgrid System technology, Microgrid System new entrants, Microgrid System new investment, and other innovations that are shaping the future of Microgrid System.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Microgrid System market. It includes factors influencing customer ' purchasing decisions, preferences for Microgrid System product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Microgrid System market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Microgrid System market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Microgrid System market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Microgrid System industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Microgrid System market.
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.
Segmentation by type
AC Microgrid System
DC Microgrid System
Hybrid Microgrid System
Segmentation by application
Community
Military
Commercial & Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Aquion Energy
Eaton Corporation
Echelon
GE
General Microgrids
Lockheed Martin
NEC
Raytheon
SandC Electric Co
Siemens
Sunverge Energy
Toshiba
Key Questions Addressed in this Report
What is the 10-year outlook for the global Microgrid System market?
What factors are driving Microgrid System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Microgrid System market opportunities vary by end market size?
How does Microgrid System break out type, application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Microgrid System Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Microgrid System by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Microgrid System by Country/Region, 2019, 2023 & 2030
2.2 Microgrid System Segment by Type
2.2.1 AC Microgrid System
2.2.2 DC Microgrid System
2.2.3 Hybrid Microgrid System
2.3 Microgrid System Sales by Type
2.3.1 Global Microgrid System Sales Market Share by Type (2019-2024)
2.3.2 Global Microgrid System Revenue and Market Share by Type (2019-2024)
2.3.3 Global Microgrid System Sale Price by Type (2019-2024)
2.4 Microgrid System Segment by Application
2.4.1 Community
2.4.2 Military
2.4.3 Commercial & Industrial
2.4.4 Others
2.5 Microgrid System Sales by Application
2.5.1 Global Microgrid System Sale Market Share by Application (2019-2024)
2.5.2 Global Microgrid System Revenue and Market Share by Application (2019-2024)
2.5.3 Global Microgrid System Sale Price by Application (2019-2024)
3 Global Microgrid System by Company
3.1 Global Microgrid System Breakdown Data by Company
3.1.1 Global Microgrid System Annual Sales by Company (2019-2024)
3.1.2 Global Microgrid System Sales Market Share by Company (2019-2024)
3.2 Global Microgrid System Annual Revenue by Company (2019-2024)
3.2.1 Global Microgrid System Revenue by Company (2019-2024)
3.2.2 Global Microgrid System Revenue Market Share by Company (2019-2024)
3.3 Global Microgrid System Sale Price by Company
3.4 Key Manufacturers Microgrid System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Microgrid System Product Location Distribution
3.4.2 Players Microgrid System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Microgrid System by Geographic Region
4.1 World Historic Microgrid System Market Size by Geographic Region (2019-2024)
4.1.1 Global Microgrid System Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Microgrid System Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Microgrid System Market Size by Country/Region (2019-2024)
4.2.1 Global Microgrid System Annual Sales by Country/Region (2019-2024)
4.2.2 Global Microgrid System Annual Revenue by Country/Region (2019-2024)
4.3 Americas Microgrid System Sales Growth
4.4 APAC Microgrid System Sales Growth
4.5 Europe Microgrid System Sales Growth
4.6 Middle East & Africa Microgrid System Sales Growth
5 Americas
5.1 Americas Microgrid System Sales by Country
5.1.1 Americas Microgrid System Sales by Country (2019-2024)
5.1.2 Americas Microgrid System Revenue by Country (2019-2024)
5.2 Americas Microgrid System Sales by Type
5.3 Americas Microgrid System Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Microgrid System Sales by Region
6.1.1 APAC Microgrid System Sales by Region (2019-2024)
6.1.2 APAC Microgrid System Revenue by Region (2019-2024)
6.2 APAC Microgrid System Sales by Type
6.3 APAC Microgrid System Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Microgrid System by Country
7.1.1 Europe Microgrid System Sales by Country (2019-2024)
7.1.2 Europe Microgrid System Revenue by Country (2019-2024)
7.2 Europe Microgrid System Sales by Type
7.3 Europe Microgrid System Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Microgrid System by Country
8.1.1 Middle East & Africa Microgrid System Sales by Country (2019-2024)
8.1.2 Middle East & Africa Microgrid System Revenue by Country (2019-2024)
8.2 Middle East & Africa Microgrid System Sales by Type
8.3 Middle East & Africa Microgrid System Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Microgrid System
10.3 Manufacturing Process Analysis of Microgrid System
10.4 Industry Chain Structure of Microgrid System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Microgrid System Distributors
11.3 Microgrid System Customer
12 World Forecast Review for Microgrid System by Geographic Region
12.1 Global Microgrid System Market Size Forecast by Region
12.1.1 Global Microgrid System Forecast by Region (2025-2030)
12.1.2 Global Microgrid System Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Microgrid System Forecast by Type
12.7 Global Microgrid System Forecast by Application
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Microgrid System Product Portfolios and Specifications
13.1.3 ABB Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 ABB Main Business Overview
13.1.5 ABB Latest Developments
13.2 Aquion Energy
13.2.1 Aquion Energy Company Information
13.2.2 Aquion Energy Microgrid System Product Portfolios and Specifications
13.2.3 Aquion Energy Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Aquion Energy Main Business Overview
13.2.5 Aquion Energy Latest Developments
13.3 Eaton Corporation
13.3.1 Eaton Corporation Company Information
13.3.2 Eaton Corporation Microgrid System Product Portfolios and Specifications
13.3.3 Eaton Corporation Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Eaton Corporation Main Business Overview
13.3.5 Eaton Corporation Latest Developments
13.4 Echelon
13.4.1 Echelon Company Information
13.4.2 Echelon Microgrid System Product Portfolios and Specifications
13.4.3 Echelon Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Echelon Main Business Overview
13.4.5 Echelon Latest Developments
13.5 GE
13.5.1 GE Company Information
13.5.2 GE Microgrid System Product Portfolios and Specifications
13.5.3 GE Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 GE Main Business Overview
13.5.5 GE Latest Developments
13.6 General Microgrids
13.6.1 General Microgrids Company Information
13.6.2 General Microgrids Microgrid System Product Portfolios and Specifications
13.6.3 General Microgrids Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 General Microgrids Main Business Overview
13.6.5 General Microgrids Latest Developments
13.7 Lockheed Martin
13.7.1 Lockheed Martin Company Information
13.7.2 Lockheed Martin Microgrid System Product Portfolios and Specifications
13.7.3 Lockheed Martin Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Lockheed Martin Main Business Overview
13.7.5 Lockheed Martin Latest Developments
13.8 NEC
13.8.1 NEC Company Information
13.8.2 NEC Microgrid System Product Portfolios and Specifications
13.8.3 NEC Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 NEC Main Business Overview
13.8.5 NEC Latest Developments
13.9 Raytheon
13.9.1 Raytheon Company Information
13.9.2 Raytheon Microgrid System Product Portfolios and Specifications
13.9.3 Raytheon Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Raytheon Main Business Overview
13.9.5 Raytheon Latest Developments
13.10 SandC Electric Co
13.10.1 SandC Electric Co Company Information
13.10.2 SandC Electric Co Microgrid System Product Portfolios and Specifications
13.10.3 SandC Electric Co Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 SandC Electric Co Main Business Overview
13.10.5 SandC Electric Co Latest Developments
13.11 Siemens
13.11.1 Siemens Company Information
13.11.2 Siemens Microgrid System Product Portfolios and Specifications
13.11.3 Siemens Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Siemens Main Business Overview
13.11.5 Siemens Latest Developments
13.12 Sunverge Energy
13.12.1 Sunverge Energy Company Information
13.12.2 Sunverge Energy Microgrid System Product Portfolios and Specifications
13.12.3 Sunverge Energy Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Sunverge Energy Main Business Overview
13.12.5 Sunverge Energy Latest Developments
13.13 Toshiba
13.13.1 Toshiba Company Information
13.13.2 Toshiba Microgrid System Product Portfolios and Specifications
13.13.3 Toshiba Microgrid System Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Toshiba Main Business Overview
13.13.5 Toshiba Latest Developments
14 Research Findings and Conclusion

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