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.
The global Solar Microgrid market was valued at US$ 947 million in 2023 and is anticipated to reach US$ 1464.8 million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.
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 $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.261 GW.
This report aims to provide a comprehensive presentation of the global market for Solar Microgrid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Microgrid.
Report Scope
The Solar Microgrid market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solar Microgrid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Microgrid manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
S&C Electric Company
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
Segment by Type
Grid-Tied
Independent
Segment by Application
Commercial
Industrial
Utilities
Military
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solar Microgrid manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solar Microgrid by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solar Microgrid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Solar Microgrid Market Overview
1.1 Product Definition
1.2 Solar Microgrid Segment by Type
1.2.1 Global Solar Microgrid Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Grid-Tied
1.2.3 Independent
1.3 Solar Microgrid Segment by Application
1.3.1 Global Solar Microgrid Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Commercial
1.3.3 Industrial
1.3.4 Utilities
1.3.5 Military
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Solar Microgrid Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Solar Microgrid Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Solar Microgrid Production Estimates and Forecasts (2019-2030)
1.4.4 Global Solar Microgrid Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solar Microgrid Production Market Share by Manufacturers (2019-2024)
2.2 Global Solar Microgrid Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Solar Microgrid, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Solar Microgrid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Solar Microgrid Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Solar Microgrid, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solar Microgrid, Product Offered and Application
2.8 Global Key Manufacturers of Solar Microgrid, Date of Enter into This Industry
2.9 Solar Microgrid Market Competitive Situation and Trends
2.9.1 Solar Microgrid Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solar Microgrid Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solar Microgrid Production by Region
3.1 Global Solar Microgrid Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Solar Microgrid Production Value by Region (2019-2030)
3.2.1 Global Solar Microgrid Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Solar Microgrid by Region (2025-2030)
3.3 Global Solar Microgrid Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Solar Microgrid Production by Region (2019-2030)
3.4.1 Global Solar Microgrid Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Solar Microgrid by Region (2025-2030)
3.5 Global Solar Microgrid Market Price Analysis by Region (2019-2024)
3.6 Global Solar Microgrid Production and Value, Year-over-Year Growth
3.6.1 North America Solar Microgrid Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Solar Microgrid Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Solar Microgrid Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Solar Microgrid Production Value Estimates and Forecasts (2019-2030)
4 Solar Microgrid Consumption by Region
4.1 Global Solar Microgrid Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Solar Microgrid Consumption by Region (2019-2030)
4.2.1 Global Solar Microgrid Consumption by Region (2019-2024)
4.2.2 Global Solar Microgrid Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Solar Microgrid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Solar Microgrid Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solar Microgrid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Solar Microgrid Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Solar Microgrid Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Solar Microgrid Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solar Microgrid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Solar Microgrid Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Solar Microgrid Production by Type (2019-2030)
5.1.1 Global Solar Microgrid Production by Type (2019-2024)
5.1.2 Global Solar Microgrid Production by Type (2025-2030)
5.1.3 Global Solar Microgrid Production Market Share by Type (2019-2030)
5.2 Global Solar Microgrid Production Value by Type (2019-2030)
5.2.1 Global Solar Microgrid Production Value by Type (2019-2024)
5.2.2 Global Solar Microgrid Production Value by Type (2025-2030)
5.2.3 Global Solar Microgrid Production Value Market Share by Type (2019-2030)
5.3 Global Solar Microgrid Price by Type (2019-2030)
6 Segment by Application
6.1 Global Solar Microgrid Production by Application (2019-2030)
6.1.1 Global Solar Microgrid Production by Application (2019-2024)
6.1.2 Global Solar Microgrid Production by Application (2025-2030)
6.1.3 Global Solar Microgrid Production Market Share by Application (2019-2030)
6.2 Global Solar Microgrid Production Value by Application (2019-2030)
6.2.1 Global Solar Microgrid Production Value by Application (2019-2024)
6.2.2 Global Solar Microgrid Production Value by Application (2025-2030)
6.2.3 Global Solar Microgrid Production Value Market Share by Application (2019-2030)
6.3 Global Solar Microgrid Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Solar Microgrid Corporation Information
7.1.2 ABB Solar Microgrid Product Portfolio
7.1.3 ABB Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 NEC
7.2.1 NEC Solar Microgrid Corporation Information
7.2.2 NEC Solar Microgrid Product Portfolio
7.2.3 NEC Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.2.4 NEC Main Business and Markets Served
7.2.5 NEC Recent Developments/Updates
7.3 GE
7.3.1 GE Solar Microgrid Corporation Information
7.3.2 GE Solar Microgrid Product Portfolio
7.3.3 GE Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.3.4 GE Main Business and Markets Served
7.3.5 GE Recent Developments/Updates
7.4 Aquion Energy
7.4.1 Aquion Energy Solar Microgrid Corporation Information
7.4.2 Aquion Energy Solar Microgrid Product Portfolio
7.4.3 Aquion Energy Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Aquion Energy Main Business and Markets Served
7.4.5 Aquion Energy Recent Developments/Updates
7.5 Echelon
7.5.1 Echelon Solar Microgrid Corporation Information
7.5.2 Echelon Solar Microgrid Product Portfolio
7.5.3 Echelon Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Echelon Main Business and Markets Served
7.5.5 Echelon Recent Developments/Updates
7.6 Raytheon
7.6.1 Raytheon Solar Microgrid Corporation Information
7.6.2 Raytheon Solar Microgrid Product Portfolio
7.6.3 Raytheon Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Raytheon Main Business and Markets Served
7.6.5 Raytheon Recent Developments/Updates
7.7 S&C Electric Company
7.7.1 S&C Electric Company Solar Microgrid Corporation Information
7.7.2 S&C Electric Company Solar Microgrid Product Portfolio
7.7.3 S&C Electric Company Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.7.4 S&C Electric Company Main Business and Markets Served
7.7.5 S&C Electric Company Recent Developments/Updates
7.8 Eaton Corporation
7.8.1 Eaton Corporation Solar Microgrid Corporation Information
7.8.2 Eaton Corporation Solar Microgrid Product Portfolio
7.8.3 Eaton Corporation Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Eaton Corporation Main Business and Markets Served
7.7.5 Eaton Corporation Recent Developments/Updates
7.9 Sunverge Energy
7.9.1 Sunverge Energy Solar Microgrid Corporation Information
7.9.2 Sunverge Energy Solar Microgrid Product Portfolio
7.9.3 Sunverge Energy Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Sunverge Energy Main Business and Markets Served
7.9.5 Sunverge Energy Recent Developments/Updates
7.10 Siemens
7.10.1 Siemens Solar Microgrid Corporation Information
7.10.2 Siemens Solar Microgrid Product Portfolio
7.10.3 Siemens Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Siemens Main Business and Markets Served
7.10.5 Siemens Recent Developments/Updates
7.11 Toshiba
7.11.1 Toshiba Solar Microgrid Corporation Information
7.11.2 Toshiba Solar Microgrid Product Portfolio
7.11.3 Toshiba Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Toshiba Main Business and Markets Served
7.11.5 Toshiba Recent Developments/Updates
7.12 General Microgrids
7.12.1 General Microgrids Solar Microgrid Corporation Information
7.12.2 General Microgrids Solar Microgrid Product Portfolio
7.12.3 General Microgrids Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.12.4 General Microgrids Main Business and Markets Served
7.12.5 General Microgrids Recent Developments/Updates
7.13 Lockheed Martin
7.13.1 Lockheed Martin Solar Microgrid Corporation Information
7.13.2 Lockheed Martin Solar Microgrid Product Portfolio
7.13.3 Lockheed Martin Solar Microgrid Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Lockheed Martin Main Business and Markets Served
7.13.5 Lockheed Martin Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solar Microgrid Industry Chain Analysis
8.2 Solar Microgrid Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solar Microgrid Production Mode & Process
8.4 Solar Microgrid Sales and Marketing
8.4.1 Solar Microgrid Sales Channels
8.4.2 Solar Microgrid Distributors
8.5 Solar Microgrid Customers
9 Solar Microgrid Market Dynamics
9.1 Solar Microgrid Industry Trends
9.2 Solar Microgrid Market Drivers
9.3 Solar Microgrid Market Challenges
9.4 Solar Microgrid Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
S&C Electric Company
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
听
听
*If Applicable.