The microgrid market would grow at a CAGR of 14.03% over the predicted time frame. The market is expected to increase in value from US$ 29.99 Bn in 2022 to US$ 85.7Bn in 2030.
The on microgrid Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
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A recent report provides crucial insights along with application based and forecast information in the Global Microgrid Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Microgrid market.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Microgrid market are included as given below:
Microgrid Market 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 Segments
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)
Report Objectives
- To define, describe, and forecast the global microgrid market based on product, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the 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
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