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Microgrid Market Size, Growth, Demands Outlook and Forecasts to 2030

Precedence Research - October 20, 2022

 According to the research report, the global microgrid market size is expected to touch USD 85.7 Billion by 2030, from USD 26.3 Billion in 2021, growing with a significant CAGR of 14.03% from 2022 to 2030. 


Microgrid Market Size 2022 To 2030

The microgrid market report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global microgrid market in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global microgrid market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global microgrid market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

Sample Link @ https://www.precedenceresearch.com/sample/2302

 Scope of the Microgrid Market

Report CoverageDetails
Market Size in 2022USD 29.99 Billion
Market Size by 2030USD 85.7 Billion
Growth Rate from 2022 to 2030CAGR of 14.03%
Largest MarketNorth America
Fastest Growing MarketAsia Pacific
Base Year2021
Forecast Period2022 to 2030

This study covers a detailed segmentation of the global microgrid market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global microgrid market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

  • Lockheed Martin Corporation
  • ZBB Energy Corporation
  • ABB Ltd.
  • Consert Inc.
  • Viridity Energy Inc.
  • S&C Electric Company
  • Chevron Energy
  • Toshiba Corporation
  • HOMER Energy LLC
  • Honeywell International Inc.
  • GE Digital Energy
  • Power Analytics Corporation
  • Microgrid Energy LLC
  • Siemens

Market Segmentation

 By Connectivity

  • Grid Connected
  • Off-grid Connected

By Type

  • AC Microgrids
  • DC Microgrids
  • Hybrid

By Offering

  • Hardware
    • Power Generators
    • Energy Storage System
    • Controllers
  • Software
  • Services

By Power Source

  • Diesel Generators
  • Natural Gas
  • Solar PV
  • CHP
  • Fuel Cell
  • Others

By Storage Device

  • Lithium-ion
  • Lead Acid
  • Flow Battery
  • Flywheel
  • Others

By Power Rating

  • Less Than 1 MW
  • 1 MW to 5 MW
  • 5MW to 10 MW
  • More Than 10 MW

By End-Use

  • Commercial & Industrial
  • Remote Areas
  • Institutes & Campuses
  • Healthcare
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Research Methodology

The research methodology adopted by analysts for compiling the global microgrid market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global microgrid market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Microgrid Market, By Connectivity

7.1. Microgrid Market, by Connectivity, 2022-2030

7.1.1. Grid Connected

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Off-grid Connected

7.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Microgrid Market, By Type

8.1. Microgrid Market, by Type, 2022-2030

8.1.1. AC Microgrids

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. DC Microgrids

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Hybrid

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Microgrid Market, By Offering

9.1. Microgrid Market, by Offering, 2022-2030

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Services

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Microgrid Market, By Power Source

10.1. Microgrid Market, by Power Source, 2022-2030

10.1.1. Diesel Generators

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Natural Gas

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Solar PV

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. CHP

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Fuel Cell

10.1.5.1. Market Revenue and Forecast (2017-2030)

10.1.6. Others

10.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Microgrid Market, By Storage Device

11.1. Microgrid Market, by Storage Device, 2022-2030

11.1.1. Lithium-ion

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Lead Acid

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. Flow Battery

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Flywheel

11.1.4.1. Market Revenue and Forecast (2017-2030)

11.1.5. Others

11.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Microgrid Market, By Power Rating

12.1. Microgrid Market, by Power Rating, 2022-2030

12.1.1. Less Than 1 MW

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. 1 MW to 5 MW

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. 5MW to 10 MW

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. More Than 10 MW

12.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Microgrid Market, By End-Use

13.1. Microgrid Market, by End-Use, 2022-2030

13.1.1. Commercial & Industrial

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. Remote Areas

13.1.2.1. Market Revenue and Forecast (2017-2030)

13.1.3. Institutes & Campuses

13.1.3.1. Market Revenue and Forecast (2017-2030)

13.1.4. Healthcare

13.1.4.1. Market Revenue and Forecast (2017-2030)

13.1.5. Others

13.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 14. Global Microgrid Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.1.2. Market Revenue and Forecast, by Type (2017-2030)

14.1.3. Market Revenue and Forecast, by Offering (2017-2030)

14.1.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.1.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.1.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.1.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.1.8.2. Market Revenue and Forecast, by Type (2017-2030)

14.1.8.3. Market Revenue and Forecast, by Offering (2017-2030)

14.1.8.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.1.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.1.8.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.1.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.1.9.2. Market Revenue and Forecast, by Type (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Offering (2017-2030)

14.1.9.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.1.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.1.9.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.1.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.2. Europe

14.2.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.2.2. Market Revenue and Forecast, by Type (2017-2030)

14.2.3. Market Revenue and Forecast, by Offering (2017-2030)

14.2.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.2.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.2.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.2.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.2.8.2. Market Revenue and Forecast, by Type (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Offering (2017-2030)

14.2.8.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.2.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.2.8.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.2.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.2.9.2. Market Revenue and Forecast, by Type (2017-2030)

14.2.9.3. Market Revenue and Forecast, by Offering (2017-2030)

14.2.9.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.2.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.2.9.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.2.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.2.10.2. Market Revenue and Forecast, by Type (2017-2030)

14.2.10.3. Market Revenue and Forecast, by Offering (2017-2030)

14.2.10.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.2.10.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.2.10.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.2.10.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.2.11.2. Market Revenue and Forecast, by Type (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Offering (2017-2030)

14.2.11.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.2.11.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.2.11.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.2.11.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.3.2. Market Revenue and Forecast, by Type (2017-2030)

14.3.3. Market Revenue and Forecast, by Offering (2017-2030)

14.3.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.3.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.3.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.3.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.3.8.2. Market Revenue and Forecast, by Type (2017-2030)

14.3.8.3. Market Revenue and Forecast, by Offering (2017-2030)

14.3.8.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.3.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.3.8.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.3.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.3.9.2. Market Revenue and Forecast, by Type (2017-2030)

14.3.9.3. Market Revenue and Forecast, by Offering (2017-2030)

14.3.9.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.3.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.3.9.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.3.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.3.10.2. Market Revenue and Forecast, by Type (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Offering (2017-2030)

14.3.10.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.3.10.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.3.10.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.3.10.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.3.11.2. Market Revenue and Forecast, by Type (2017-2030)

14.3.11.3. Market Revenue and Forecast, by Offering (2017-2030)

14.3.11.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.3.11.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.3.11.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.3.11.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.4.2. Market Revenue and Forecast, by Type (2017-2030)

14.4.3. Market Revenue and Forecast, by Offering (2017-2030)

14.4.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.4.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.4.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.4.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.4.8.2. Market Revenue and Forecast, by Type (2017-2030)

14.4.8.3. Market Revenue and Forecast, by Offering (2017-2030)

14.4.8.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.4.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.4.8.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.4.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.4.9.2. Market Revenue and Forecast, by Type (2017-2030)

14.4.9.3. Market Revenue and Forecast, by Offering (2017-2030)

14.4.9.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.4.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.4.9.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.4.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.4.10.2. Market Revenue and Forecast, by Type (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Offering (2017-2030)

14.4.10.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.4.10.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.4.10.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.4.10.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.4.11.2. Market Revenue and Forecast, by Type (2017-2030)

14.4.11.3. Market Revenue and Forecast, by Offering (2017-2030)

14.4.11.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.4.11.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.4.11.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.4.11.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.5.2. Market Revenue and Forecast, by Type (2017-2030)

14.5.3. Market Revenue and Forecast, by Offering (2017-2030)

14.5.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.5.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.5.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.5.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.5.8.2. Market Revenue and Forecast, by Type (2017-2030)

14.5.8.3. Market Revenue and Forecast, by Offering (2017-2030)

14.5.8.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.5.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.5.8.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.5.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)

14.5.9.2. Market Revenue and Forecast, by Type (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Offering (2017-2030)

14.5.9.4. Market Revenue and Forecast, by Power Source (2017-2030)

14.5.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)

14.5.9.6. Market Revenue and Forecast, by End-Use (2017-2030)

14.5.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)

Chapter 15. Company Profiles

15.1. Lockheed Martin Corporation

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. ZBB Energy Corporation

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. ABB Ltd.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Consert Inc.

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Viridity Energy Inc.

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. S&C Electric Company

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Chevron Energy

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Toshiba Corporation

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. HOMER Energy LLC

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Honeywell International Inc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

Contact Us:

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