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 aims to provide a comprehensive presentation of the global market for Microgrid Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microgrid Technology. Microgrid Technology Market contains market size and forecasts of Microgrid Technology in global, including the following market information:
Global Microgrid Technology Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Microgrid Technology market was valued at US$ 20160 million in 2022 and is projected to reach US$ 48320 million by 2029, at a CAGR of 13.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Microgrid Technology main players are ABB, GE, Echelon, NEC , Aquion Energy, etc. Global top five manufacturers hold a share over 25%. North America is the largest market, with a share nearly 45%.
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, 2018-2023, 2024-2029 ($ millions)
Global Microgrid Technology Market Segment Percentages, by Type, 2022 (%)
Grid-Tied Type Microgrid
Independent Type Microgrid
Global Microgrid Technology Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Microgrid Technology Market Segment Percentages, by Application, 2022 (%)
Commercial/Industrial
Community/Utility
Campus/Institutional
Military
Remote
Others
Global Microgrid Technology Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Microgrid Technology Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (estimated), ($ millions)
Key companies Microgrid Technology revenues share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Microgrid Technology, market overview.
Chapter 2: Global Microgrid Technology market size in revenue.
Chapter 3: Detailed analysis of Microgrid Technology company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Microgrid Technology in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.