A grid-connected microgrid is a localized and decentralized power system that is connected to the main electrical grid. It consists of multiple distributed energy resources (DERs) such as solar panels, wind turbines, battery storage systems, and backup generators. Unlike traditional centralized power systems, a microgrid operates independently or in conjunction with the main grid, allowing it to function as a standalone entity when disconnected from the main grid during a power outage or intentionally during peak demand periods.
The main purpose of a grid-connected microgrid is to optimize the generation, distribution, and consumption of electricity by integrating renewable energy sources, managing energy storage, and utilizing advanced control systems. It allows for the efficient utilization of distributed energy resources and enables a more resilient, flexible, and sustainable energy infrastructure.
In a grid-connected microgrid, power exchange occurs between the microgrid and the main grid. During periods of excess electricity generation, the microgrid can export surplus power to the main grid. Conversely, when the microgrid requires additional power, it can import electricity from the main grid. This two-way power flow enables the microgrid to balance energy supply and demand efficiently.
The global market for Grid-connected Microgrid was estimated to be worth US$ 15280 million in 2023 and is forecast to a readjusted size of US$ 37540 million by 2030 with a CAGR of 13.9% during the forecast period 2024-2030
The global grid-connected microgrid market is experiencing significant growth as a result of increasing demand for reliable and sustainable power solutions. Factors such as the growing deployment of renewable energy sources, advancements in energy storage technologies, and the need for grid resilience are driving the market expansion.
The grid-connected microgrid market is segmented based on several factors, including technology, application, end-user, and region. Key technologies involved in grid-connected microgrids include advanced controls, energy management systems, energy storage systems, and renewable energy sources integration.
In terms of applications, the market is segmented into commercial and industrial, military, utility, and others. Commercial and industrial sectors dominate the market, driven by the need for grid resilience, cost savings through energy optimization, and the ability to integrate renewable energy sources.
The end-users of grid-connected microgrids include industries such as manufacturing, healthcare, data centers, educational institutions, military bases, and remote communities.
Geographically, North America holds a significant share in the grid-connected microgrid market due to favorable government initiatives, increased renewable energy integration, and the presence of key market players. Europe is also a prominent market for grid-connected microgrids, driven by the European Unionās renewable energy targets and the regionās focus on sustainable energy solutions.
Asia-Pacific is expected to witness substantial growth in the grid-connected microgrid market, primarily due to the increasing demand for electricity, rapid industrialization, and the adoption of clean energy technologies in countries such as China, India, and Japan.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Grid-connected Microgrid, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Grid-connected Microgrid by region & country, by Type, and by Application.
The Grid-connected Microgrid market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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 Grid-connected Microgrid.
Market Segmentation
By Company
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation
Advanced Microgrid Solutions (AMS)
EnSync Energy Systems
Enel X
Ameresco
NRG Energy
Duke Energy
Black & Veatch
Segment by Type:
AC Microgrid
DC Microgrid
Hybrid Microgrid
Segment by Application
Business & Industry
Government Organizations
Public Utilities
Utilities
Military
Healthcare
Others
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
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides 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 2: Detailed analysis of Grid-connected Microgrid manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Grid-connected Microgrid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Grid-connected Microgrid in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Grid-connected Microgrid Product Introduction
1.2 Global Grid-connected Microgrid Market Size Forecast
1.3 Grid-connected Microgrid Market Trends & Drivers
1.3.1 Grid-connected Microgrid Industry Trends
1.3.2 Grid-connected Microgrid Market Drivers & Opportunity
1.3.3 Grid-connected Microgrid Market Challenges
1.3.4 Grid-connected Microgrid Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Grid-connected Microgrid Players Revenue Ranking (2023)
2.2 Global Grid-connected Microgrid Revenue by Company (2019-2024)
2.3 Key Companies Grid-connected Microgrid Manufacturing Base Distribution and Headquarters
2.4 Key Companies Grid-connected Microgrid Product Offered
2.5 Key Companies Time to Begin Mass Production of Grid-connected Microgrid
2.6 Grid-connected Microgrid Market Competitive Analysis
2.6.1 Grid-connected Microgrid Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Grid-connected Microgrid Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Grid-connected Microgrid as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 AC Microgrid
3.1.2 DC Microgrid
3.1.3 Hybrid Microgrid
3.2 Global Grid-connected Microgrid Sales Value by Type
3.2.1 Global Grid-connected Microgrid Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Grid-connected Microgrid Sales Value, by Type (2019-2030)
3.2.3 Global Grid-connected Microgrid Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Business & Industry
4.1.2 Government Organizations
4.1.3 Public Utilities
4.1.4 Utilities
4.1.5 Military
4.1.6 Healthcare
4.1.7 Others
4.2 Global Grid-connected Microgrid Sales Value by Application
4.2.1 Global Grid-connected Microgrid Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Grid-connected Microgrid Sales Value, by Application (2019-2030)
4.2.3 Global Grid-connected Microgrid Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Grid-connected Microgrid Sales Value by Region
5.1.1 Global Grid-connected Microgrid Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Grid-connected Microgrid Sales Value by Region (2019-2024)
5.1.3 Global Grid-connected Microgrid Sales Value by Region (2025-2030)
5.1.4 Global Grid-connected Microgrid Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Grid-connected Microgrid Sales Value, 2019-2030
5.2.2 North America Grid-connected Microgrid Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Grid-connected Microgrid Sales Value, 2019-2030
5.3.2 Europe Grid-connected Microgrid Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Grid-connected Microgrid Sales Value, 2019-2030
5.4.2 Asia Pacific Grid-connected Microgrid Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Grid-connected Microgrid Sales Value, 2019-2030
5.5.2 South America Grid-connected Microgrid Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Grid-connected Microgrid Sales Value, 2019-2030
5.6.2 Middle East & Africa Grid-connected Microgrid Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Grid-connected Microgrid Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Grid-connected Microgrid Sales Value
6.3 United States
6.3.1 United States Grid-connected Microgrid Sales Value, 2019-2030
6.3.2 United States Grid-connected Microgrid Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Grid-connected Microgrid Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Grid-connected Microgrid Sales Value, 2019-2030
6.4.2 Europe Grid-connected Microgrid Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Grid-connected Microgrid Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Grid-connected Microgrid Sales Value, 2019-2030
6.5.2 China Grid-connected Microgrid Sales Value by Type (%), 2023 VS 2030
6.5.3 China Grid-connected Microgrid Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Grid-connected Microgrid Sales Value, 2019-2030
6.6.2 Japan Grid-connected Microgrid Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Grid-connected Microgrid Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Grid-connected Microgrid Sales Value, 2019-2030
6.7.2 South Korea Grid-connected Microgrid Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Grid-connected Microgrid Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Grid-connected Microgrid Sales Value, 2019-2030
6.8.2 Southeast Asia Grid-connected Microgrid Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Grid-connected Microgrid Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Grid-connected Microgrid Sales Value, 2019-2030
6.9.2 India Grid-connected Microgrid Sales Value by Type (%), 2023 VS 2030
6.9.3 India Grid-connected Microgrid Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 ABB
7.1.1 ABB Profile
7.1.2 ABB Main Business
7.1.3 ABB Grid-connected Microgrid Products, Services and Solutions
7.1.4 ABB Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.1.5 ABB Recent Developments
7.2 General Electric Company
7.2.1 General Electric Company Profile
7.2.2 General Electric Company Main Business
7.2.3 General Electric Company Grid-connected Microgrid Products, Services and Solutions
7.2.4 General Electric Company Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.2.5 General Electric Company Recent Developments
7.3 Siemens AG
7.3.1 Siemens AG Profile
7.3.2 Siemens AG Main Business
7.3.3 Siemens AG Grid-connected Microgrid Products, Services and Solutions
7.3.4 Siemens AG Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.3.5 Eaton Corporation Recent Developments
7.4 Eaton Corporation
7.4.1 Eaton Corporation Profile
7.4.2 Eaton Corporation Main Business
7.4.3 Eaton Corporation Grid-connected Microgrid Products, Services and Solutions
7.4.4 Eaton Corporation Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.4.5 Eaton Corporation Recent Developments
7.5 Schneider Electric
7.5.1 Schneider Electric Profile
7.5.2 Schneider Electric Main Business
7.5.3 Schneider Electric Grid-connected Microgrid Products, Services and Solutions
7.5.4 Schneider Electric Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.5.5 Schneider Electric Recent Developments
7.6 Honeywell International
7.6.1 Honeywell International Profile
7.6.2 Honeywell International Main Business
7.6.3 Honeywell International Grid-connected Microgrid Products, Services and Solutions
7.6.4 Honeywell International Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.6.5 Honeywell International Recent Developments
7.7 HOMER Energy LLC
7.7.1 HOMER Energy LLC Profile
7.7.2 HOMER Energy LLC Main Business
7.7.3 HOMER Energy LLC Grid-connected Microgrid Products, Services and Solutions
7.7.4 HOMER Energy LLC Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.7.5 HOMER Energy LLC Recent Developments
7.8 Power Analytics Corporation
7.8.1 Power Analytics Corporation Profile
7.8.2 Power Analytics Corporation Main Business
7.8.3 Power Analytics Corporation Grid-connected Microgrid Products, Services and Solutions
7.8.4 Power Analytics Corporation Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.8.5 Power Analytics Corporation Recent Developments
7.9 Advanced Microgrid Solutions (AMS)
7.9.1 Advanced Microgrid Solutions (AMS) Profile
7.9.2 Advanced Microgrid Solutions (AMS) Main Business
7.9.3 Advanced Microgrid Solutions (AMS) Grid-connected Microgrid Products, Services and Solutions
7.9.4 Advanced Microgrid Solutions (AMS) Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.9.5 Advanced Microgrid Solutions (AMS) Recent Developments
7.10 EnSync Energy Systems
7.10.1 EnSync Energy Systems Profile
7.10.2 EnSync Energy Systems Main Business
7.10.3 EnSync Energy Systems Grid-connected Microgrid Products, Services and Solutions
7.10.4 EnSync Energy Systems Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.10.5 EnSync Energy Systems Recent Developments
7.11 Enel X
7.11.1 Enel X Profile
7.11.2 Enel X Main Business
7.11.3 Enel X Grid-connected Microgrid Products, Services and Solutions
7.11.4 Enel X Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.11.5 Enel X Recent Developments
7.12 Ameresco
7.12.1 Ameresco Profile
7.12.2 Ameresco Main Business
7.12.3 Ameresco Grid-connected Microgrid Products, Services and Solutions
7.12.4 Ameresco Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.12.5 Ameresco Recent Developments
7.13 NRG Energy
7.13.1 NRG Energy Profile
7.13.2 NRG Energy Main Business
7.13.3 NRG Energy Grid-connected Microgrid Products, Services and Solutions
7.13.4 NRG Energy Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.13.5 NRG Energy Recent Developments
7.14 Duke Energy
7.14.1 Duke Energy Profile
7.14.2 Duke Energy Main Business
7.14.3 Duke Energy Grid-connected Microgrid Products, Services and Solutions
7.14.4 Duke Energy Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.14.5 Duke Energy Recent Developments
7.15 Black & Veatch
7.15.1 Black & Veatch Profile
7.15.2 Black & Veatch Main Business
7.15.3 Black & Veatch Grid-connected Microgrid Products, Services and Solutions
7.15.4 Black & Veatch Grid-connected Microgrid Revenue (US$ Million) & (2019-2024)
7.15.5 Black & Veatch Recent Developments
8 Industry Chain Analysis
8.1 Grid-connected Microgrid Industrial Chain
8.2 Grid-connected Microgrid Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Grid-connected Microgrid Sales Model
8.5.2 Sales Channel
8.5.3 Grid-connected Microgrid Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation
Advanced Microgrid Solutions (AMS)
EnSync Energy Systems
Enel X
Ameresco
NRG Energy
Duke Energy
Black & Veatch
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*If Applicable.