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Download Free sampleA microgrid is a small power grid with defined boundaries that can operate both when connected to the larger electrical grid and as an "island" when there's an interruption on the main grid. It draws on distributed energy resources, like solar power, to serve customers within the microgrid footprint. These benefits extend to surrounding communities, with reliable energy allowing better access to food, supplies and public services.
Microgrid Market contains market size and forecasts of Microgrid in Global, including the following market information:
Global Microgrid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Microgrid market was valued at 31900 million in 2021 and is projected to reach US$ 80620 million by 2028, at a CAGR of 14.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Grid-Tied Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Microgrid include ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, SandC Electric Co, Eaton Corporation and Sunverge Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the 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 Microgrid Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Microgrid Market Segment Percentages, by Type, 2021 (%)
Grid-Tied
Independent
Global Microgrid Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Microgrid Market Segment Percentages, by Application, 2021 (%)
Commercial or Industrial Microgrid
Community or Utility Microgrid
Campus or Institutional Microgrid
Military Microgrid
Remote Microgrid
Global Microgrid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global 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 Microgrid revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Microgrid revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
SandC Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
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Industry Market SizeSWOT AnalysisIndustry Major PlayersRevenue ForecastsHistorical and Forecast GrowthProfitability Analysis
