Global Solar Microgrid Market Growth 2025-2031

Publication ID:

LPI03257318

Publication Date:

March 4, 2025

Pages:

123

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Solar Microgrid market size is predicted to grow from US$ 1113 million in 2025 to US$ 1618 million in 2031; it is expected to grow at a CAGR of 6.4% from 2025 to 2031.
A microgrid is a local, independently controlled power grid that can integrate distributed energy resources (DERs) into the main electric grid. Microgrids can distribute all kinds of energy resources, including renewable energy to fossil fuels. A solar microgrid is a specific type of microgrid that generates electricity using solar power. A residential solar panel system complete with battery storage is a type of solar microgrid.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU"s clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan"s total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.261 GW.
The 鈥淪olar Microgrid Industry Forecast鈥� looks at past sales and reviews total world Solar Microgrid sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Microgrid sales for 2025 through 2031. With Solar Microgrid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Microgrid industry.
This Insight Report provides a comprehensive analysis of the global Solar Microgrid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Microgrid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Solar Microgrid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Microgrid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Microgrid.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Microgrid market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Grid-Tied
Independent
Segmentation by Application:
Commercial
Industrial
Utilities
Military
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 analysing the company's coverage, product portfolio, its market penetration.
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
S&C Electric Company
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Microgrid market?
What factors are driving Solar Microgrid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Microgrid market opportunities vary by end market size?
How does Solar Microgrid break out by Type, by 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 Solar Microgrid Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Solar Microgrid by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Solar Microgrid by Country/Region, 2020, 2024 & 2031
2.2 Solar Microgrid Segment by Type
2.2.1 Grid-Tied
2.2.2 Independent
2.3 Solar Microgrid Sales by Type
2.3.1 Global Solar Microgrid Sales Market Share by Type (2020-2025)
2.3.2 Global Solar Microgrid Revenue and Market Share by Type (2020-2025)
2.3.3 Global Solar Microgrid Sale Price by Type (2020-2025)
2.4 Solar Microgrid Segment by Application
2.4.1 Commercial
2.4.2 Industrial
2.4.3 Utilities
2.4.4 Military
2.4.5 Others
2.5 Solar Microgrid Sales by Application
2.5.1 Global Solar Microgrid Sale Market Share by Application (2020-2025)
2.5.2 Global Solar Microgrid Revenue and Market Share by Application (2020-2025)
2.5.3 Global Solar Microgrid Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Solar Microgrid Breakdown Data by Company
3.1.1 Global Solar Microgrid Annual Sales by Company (2020-2025)
3.1.2 Global Solar Microgrid Sales Market Share by Company (2020-2025)
3.2 Global Solar Microgrid Annual Revenue by Company (2020-2025)
3.2.1 Global Solar Microgrid Revenue by Company (2020-2025)
3.2.2 Global Solar Microgrid Revenue Market Share by Company (2020-2025)
3.3 Global Solar Microgrid Sale Price by Company
3.4 Key Manufacturers Solar Microgrid Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Microgrid Product Location Distribution
3.4.2 Players Solar Microgrid Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Solar Microgrid by Geographic Region
4.1 World Historic Solar Microgrid Market Size by Geographic Region (2020-2025)
4.1.1 Global Solar Microgrid Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Solar Microgrid Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Solar Microgrid Market Size by Country/Region (2020-2025)
4.2.1 Global Solar Microgrid Annual Sales by Country/Region (2020-2025)
4.2.2 Global Solar Microgrid Annual Revenue by Country/Region (2020-2025)
4.3 Americas Solar Microgrid Sales Growth
4.4 APAC Solar Microgrid Sales Growth
4.5 Europe Solar Microgrid Sales Growth
4.6 Middle East & Africa Solar Microgrid Sales Growth
5 Americas
5.1 Americas Solar Microgrid Sales by Country
5.1.1 Americas Solar Microgrid Sales by Country (2020-2025)
5.1.2 Americas Solar Microgrid Revenue by Country (2020-2025)
5.2 Americas Solar Microgrid Sales by Type (2020-2025)
5.3 Americas Solar Microgrid Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Microgrid Sales by Region
6.1.1 APAC Solar Microgrid Sales by Region (2020-2025)
6.1.2 APAC Solar Microgrid Revenue by Region (2020-2025)
6.2 APAC Solar Microgrid Sales by Type (2020-2025)
6.3 APAC Solar Microgrid Sales by Application (2020-2025)
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 Solar Microgrid by Country
7.1.1 Europe Solar Microgrid Sales by Country (2020-2025)
7.1.2 Europe Solar Microgrid Revenue by Country (2020-2025)
7.2 Europe Solar Microgrid Sales by Type (2020-2025)
7.3 Europe Solar Microgrid Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar Microgrid by Country
8.1.1 Middle East & Africa Solar Microgrid Sales by Country (2020-2025)
8.1.2 Middle East & Africa Solar Microgrid Revenue by Country (2020-2025)
8.2 Middle East & Africa Solar Microgrid Sales by Type (2020-2025)
8.3 Middle East & Africa Solar Microgrid Sales by Application (2020-2025)
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 Solar Microgrid
10.3 Manufacturing Process Analysis of Solar Microgrid
10.4 Industry Chain Structure of Solar Microgrid
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Microgrid Distributors
11.3 Solar Microgrid Customer
12 World Forecast Review for Solar Microgrid by Geographic Region
12.1 Global Solar Microgrid Market Size Forecast by Region
12.1.1 Global Solar Microgrid Forecast by Region (2026-2031)
12.1.2 Global Solar Microgrid Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Solar Microgrid Forecast by Type (2026-2031)
12.7 Global Solar Microgrid Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Solar Microgrid Product Portfolios and Specifications
13.1.3 ABB Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 ABB Main Business Overview
13.1.5 ABB Latest Developments
13.2 NEC
13.2.1 NEC Company Information
13.2.2 NEC Solar Microgrid Product Portfolios and Specifications
13.2.3 NEC Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 NEC Main Business Overview
13.2.5 NEC Latest Developments
13.3 GE
13.3.1 GE Company Information
13.3.2 GE Solar Microgrid Product Portfolios and Specifications
13.3.3 GE Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 GE Main Business Overview
13.3.5 GE Latest Developments
13.4 Aquion Energy
13.4.1 Aquion Energy Company Information
13.4.2 Aquion Energy Solar Microgrid Product Portfolios and Specifications
13.4.3 Aquion Energy Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Aquion Energy Main Business Overview
13.4.5 Aquion Energy Latest Developments
13.5 Echelon
13.5.1 Echelon Company Information
13.5.2 Echelon Solar Microgrid Product Portfolios and Specifications
13.5.3 Echelon Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Echelon Main Business Overview
13.5.5 Echelon Latest Developments
13.6 Raytheon
13.6.1 Raytheon Company Information
13.6.2 Raytheon Solar Microgrid Product Portfolios and Specifications
13.6.3 Raytheon Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Raytheon Main Business Overview
13.6.5 Raytheon Latest Developments
13.7 S&C Electric Company
13.7.1 S&C Electric Company Company Information
13.7.2 S&C Electric Company Solar Microgrid Product Portfolios and Specifications
13.7.3 S&C Electric Company Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 S&C Electric Company Main Business Overview
13.7.5 S&C Electric Company Latest Developments
13.8 Eaton Corporation
13.8.1 Eaton Corporation Company Information
13.8.2 Eaton Corporation Solar Microgrid Product Portfolios and Specifications
13.8.3 Eaton Corporation Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Eaton Corporation Main Business Overview
13.8.5 Eaton Corporation Latest Developments
13.9 Sunverge Energy
13.9.1 Sunverge Energy Company Information
13.9.2 Sunverge Energy Solar Microgrid Product Portfolios and Specifications
13.9.3 Sunverge Energy Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Sunverge Energy Main Business Overview
13.9.5 Sunverge Energy Latest Developments
13.10 Siemens
13.10.1 Siemens Company Information
13.10.2 Siemens Solar Microgrid Product Portfolios and Specifications
13.10.3 Siemens Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Siemens Main Business Overview
13.10.5 Siemens Latest Developments
13.11 Toshiba
13.11.1 Toshiba Company Information
13.11.2 Toshiba Solar Microgrid Product Portfolios and Specifications
13.11.3 Toshiba Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Toshiba Main Business Overview
13.11.5 Toshiba Latest Developments
13.12 General Microgrids
13.12.1 General Microgrids Company Information
13.12.2 General Microgrids Solar Microgrid Product Portfolios and Specifications
13.12.3 General Microgrids Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 General Microgrids Main Business Overview
13.12.5 General Microgrids Latest Developments
13.13 Lockheed Martin
13.13.1 Lockheed Martin Company Information
13.13.2 Lockheed Martin Solar Microgrid Product Portfolios and Specifications
13.13.3 Lockheed Martin Solar Microgrid Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Lockheed Martin Main Business Overview
13.13.5 Lockheed Martin Latest Developments
14 Research Findings and Conclusion

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