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