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The microgrid market is forecasted to grow by USD 32.84 billion during 2023-2028, accelerating at a CAGR of 15.12% during the forecast period. The report on the microgrid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need for resilience, rise in adoption of microgrids in rural areas, and recent developments in microgrid.
The microgrid market is segmented as below:
By Application
- Remote
- Institutions and campus
- Military
- Others
By Connectivity
- Grid connected
- Off-grid connected
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the microgrid market covers the following areas:
- Microgrid market sizing
- Microgrid market forecast
- Microgrid market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Connectivity
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global microgrid market: ABB Ltd., Anbaric Development Partners LLC, Canopy Power, Eaton Corp. Plc, Emerson Electric Co., Exelon Corp., General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL Solutions Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rapid advances in technology."
According to the report, one of the major drivers for this market is the need for resilience.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Anbaric Development Partners LLC
- Canopy Power
- Eaton Corp. Plc
- Emerson Electric Co.
- Exelon Corp.
- General Electric Co.
- General MicroGrids
- Gram Power (India) Pvt. Ltd.
- Honeywell International Inc.
- Pareto Energy
- Power Analytics Global Corp.
- Powerhive Inc.
- S and C Electric Co.
- Schneider Electric SE
- Siemens AG
- Spirae LLC
- Tesla Inc.
- TotalEnergies SE
- UL Solutions Inc.
