Grid-connected Microgrid Market

The grid-connected microgrid includes multiple generators, power distribution systems, and complex controls. The main grid acts as the main power source for the grid-connected microgrid. These microgrids rely on the main grid for power balance and energy backup. Grid-connected microgrids generally have higher reliability than remote / island microgrids due to their connection to the main grid. The growth of the grid-connected microgrid market can be attributed to the expansion of utility-based grid networks and the large-scale use of renewable energy sources (such as offshore wind energy). Grid-connected microgrids can provide grid flexibility and improve quality. Their impact on the environment is small, thus driving demand for clean energy.

Grid-connected Microgrid Market contains market size and forecasts of Grid-connected Microgrid in Global, including the following market information:

Global Grid-connected Microgrid Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Grid-connected Microgrid market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

AC Microgrid Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Grid-connected Microgrid include ABB, General Electric Company, Siemens AG, Eaton Corporation, Schneider Electric, Honeywell International, HOMER Energy LLC and Power Analytics Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Grid-connected Microgrid companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Grid-connected Microgrid Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Grid-connected Microgrid Market Segment Percentages, by Type, 2021 (%)

• AC Microgrid
• DC Microgrid
• Hybrid Microgrid

Global Grid-connected Microgrid Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Grid-connected Microgrid Market Segment Percentages, by Application, 2021 (%)

• Commercial and Industrial
• Government
• Military
• Healthcare

Global Grid-connected Microgrid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Grid-connected Microgrid Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Grid-connected Microgrid revenues in global market, 2017-2022 (estimated), ($ millions)
• Key companies Grid-connected Microgrid revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• ABB
• General Electric Company
• Siemens AG
• Eaton Corporation
• Schneider Electric
• Honeywell International
• HOMER Energy LLC
• Power Analytics Corporation