Microgrid Technology Market

Microgrid is a localized power system comprised of distributed generation assets, energy storage devices, and smart distribution technologies that interoperates through controls and software-based intelligence systems.

Microgrid is among the most promising tools of modern distribution networks due to their versatility. Once fully customized to the electricity and heating needs of a specific end user, they can simultaneously deliver enhanced reliability, energy and cost efficiency as well as environmental benefits. Microgrid for critical infrastructure (schools, hospitals, universities, wastewater treatment plants, etc.), mainly in cities and small communities, will grow fastest by project number within the next five years, driven by CHP incentives and State resiliency programs along the East Coast, while military Microgrid will add significant additional capacity to the current microgrid landscape.

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

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

Global top five companies in 2021 (%)

The global Microgrid Technology market was valued at 20160 million in 2021 and is projected to reach US$ 48320 million by 2028, at a CAGR of 13.3% 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 Type Microgrid Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Microgrid Technology include ABB, GE, Echelon, S&C Electric, Siemens, General Microgrids, Microgrid Solar, Raytheon and Sunverge Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Microgrid Technology 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 Technology Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Microgrid Technology Market Segment Percentages, by Type, 2021 (%)

Grid-Tied Type Microgrid

Independent Type Microgrid

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

Global Microgrid Technology Market Segment Percentages, by Application, 2021 (%)

Commercial/Industrial

Community/Utility

Campus/Institutional

Military

Remote

Others

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

Global Microgrid Technology 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 Technology revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Microgrid Technology revenues share in global market, 2021 (%)

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

ABB

GE

Echelon

S&C Electric

Siemens

General Microgrids

Microgrid Solar

Raytheon

Sunverge Energy

Toshiba

NEC

Aquion Energy

EnStorage

SGCC

Moixa

EnSync

Ampard

Green Energy Corp

Growing Energy Labs Inc

HOMER Energy

Spirae