The global microgrid market reached a value of nearly $11,901.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 10.2% since 2017. The market is expected to grow from $11,901.6 million in 2022 to $29,494.5 million in 2027 at a rate of 19.9%. The market is then expected to grow at a CAGR of 17.1% from 2027 and reach $65,021.5 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, increased demand for clean energy sources and growing adoption of microgrids for rural electrification. Factor that negatively affected growth in the historic period is high installation costs of microgrids.
Going forward, increasing electricity demand, increasing initiatives and rising population will drive the growth. Factor that could hinder the growth of the microgrid market in the future include shortage of skilled workers.
The microgrid market is segmented by type into AC microgrids, DC microgrids and hybrid. The AC microgrids market was the largest segment of the microgrid market segmented by type, accounting for 62.5% of the total in 2022. Going forward, the DC microgrids segment is expected to be the fastest growing segment in the microgrid market segmented by type, at a CAGR of 20.8% during 2022-2027.
The microgrid market is segmented by connectivity into grid connected and off-grid connected. The grid connected market was the largest segment of the microgrid market segmented by connectivity, accounting for 62.2% of the total in 2022. Going forward, the off-grid connected segment is expected to be the fastest growing segment in the microgrid market segmented by connectivity, at a CAGR of 20.2% during 2022-2027.
The microgrid market is segmented by component into hardware, software and services. The hardware market was the largest segment of the microgrid market segmented by component, accounting for 51.0% of the total in 2022. Going forward, the services segment is expected to be the fastest growing segment in the microgrid market segmented by component, at a CAGR of 21.0% during 2022-2027.
The microgrid market is segmented by end user into commercial and industrial, community and utility distribution, institutes and campuses, defense and military and remote communities. The remote communities market was the largest segment of the microgrid market segmented by end user, accounting for 44.9% of the total in 2022. Going forward, the commercial and industrial segment is expected to be the fastest growing segment in the microgrid market segmented by end user, at a CAGR of 20.9% during 2022-2027.
North America was the largest region in the microgrid market, accounting for 34.0% of the total in 2022. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the microgrid market will be Asia Pacific and North America where growth will be at CAGRs of 21.1% and 20.4% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 19.9% and 18.8% respectively.
The global microgrid market is concentrated, with a small number of large players. The top ten competitors in the market made up to 36.93% of the total market in 2021. Technological innovations in the recent past helped the companies to strengthen their market presence. General Electric Company was the largest competitor with 9.33% share of the market, followed by Schneider Electric SE with 8.16%, ABB Group with 5.38%, Siemens AG with 4.05%, Toshiba Corporation with 2.57%, Exelon Corporation with 2.38%, Eaton Corporation PLC with 1.99%, Engie SA with 1.43%, Hitachi, Ltd with 0.91%, and S&C Electric Company with 0.73%.
The top opportunities in the microgrid market segmented by type will arise in the AC microgrids segment, which will gain $10,807.9 million of global annual sales by 2027. The top opportunities in the microgrid market segmented by connectivity will arise in the grid connected segment, which will gain $10,821.4 million of global annual sales by 2027. The top opportunities in the microgrid market segmented by component will arise in the hardware segment, which will gain $8,581.1 million of global annual sales by 2027. The top opportunities in the microgrid market segmented by end user will arise in the remote communities segment, which will gain $7,734.0 million of global annual sales by 2027. The microgrid market size will gain the most in the USA at $4,892.6 million.
Market-trend-based strategies for the microgrid market includes use of artificial intelligence (AI), development and adoption of green hydrogen microgrids, development of smart, plug-and-play microgrid inverters, adoption of solar and battery-powered microgrid community and partnerships and collaborations.
Player-adopted strategies in the microgrid market includes focuses on transforming the energy landscape through the launch of new products, enhancing business capabilities through strategic partnerships and collaborations and expanding renewable energy market through securing new contracts.
To take advantage of the opportunities, the publisher recommends the microgrid companies to focus on artificial intelligence, invest in solar and battery-powered microgrid community, focus on green hydrogen microgrids, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events and continue to target fast-growing end-users.
This report describes and explains the microgrid market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
Growth in the historic period resulted from strong economic growth in emerging markets, increased demand for clean energy sources and growing adoption of microgrids for rural electrification. Factor that negatively affected growth in the historic period is high installation costs of microgrids.
Going forward, increasing electricity demand, increasing initiatives and rising population will drive the growth. Factor that could hinder the growth of the microgrid market in the future include shortage of skilled workers.
The microgrid market is segmented by type into AC microgrids, DC microgrids and hybrid. The AC microgrids market was the largest segment of the microgrid market segmented by type, accounting for 62.5% of the total in 2022. Going forward, the DC microgrids segment is expected to be the fastest growing segment in the microgrid market segmented by type, at a CAGR of 20.8% during 2022-2027.
The microgrid market is segmented by connectivity into grid connected and off-grid connected. The grid connected market was the largest segment of the microgrid market segmented by connectivity, accounting for 62.2% of the total in 2022. Going forward, the off-grid connected segment is expected to be the fastest growing segment in the microgrid market segmented by connectivity, at a CAGR of 20.2% during 2022-2027.
The microgrid market is segmented by component into hardware, software and services. The hardware market was the largest segment of the microgrid market segmented by component, accounting for 51.0% of the total in 2022. Going forward, the services segment is expected to be the fastest growing segment in the microgrid market segmented by component, at a CAGR of 21.0% during 2022-2027.
The microgrid market is segmented by end user into commercial and industrial, community and utility distribution, institutes and campuses, defense and military and remote communities. The remote communities market was the largest segment of the microgrid market segmented by end user, accounting for 44.9% of the total in 2022. Going forward, the commercial and industrial segment is expected to be the fastest growing segment in the microgrid market segmented by end user, at a CAGR of 20.9% during 2022-2027.
North America was the largest region in the microgrid market, accounting for 34.0% of the total in 2022. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the microgrid market will be Asia Pacific and North America where growth will be at CAGRs of 21.1% and 20.4% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 19.9% and 18.8% respectively.
The global microgrid market is concentrated, with a small number of large players. The top ten competitors in the market made up to 36.93% of the total market in 2021. Technological innovations in the recent past helped the companies to strengthen their market presence. General Electric Company was the largest competitor with 9.33% share of the market, followed by Schneider Electric SE with 8.16%, ABB Group with 5.38%, Siemens AG with 4.05%, Toshiba Corporation with 2.57%, Exelon Corporation with 2.38%, Eaton Corporation PLC with 1.99%, Engie SA with 1.43%, Hitachi, Ltd with 0.91%, and S&C Electric Company with 0.73%.
The top opportunities in the microgrid market segmented by type will arise in the AC microgrids segment, which will gain $10,807.9 million of global annual sales by 2027. The top opportunities in the microgrid market segmented by connectivity will arise in the grid connected segment, which will gain $10,821.4 million of global annual sales by 2027. The top opportunities in the microgrid market segmented by component will arise in the hardware segment, which will gain $8,581.1 million of global annual sales by 2027. The top opportunities in the microgrid market segmented by end user will arise in the remote communities segment, which will gain $7,734.0 million of global annual sales by 2027. The microgrid market size will gain the most in the USA at $4,892.6 million.
Market-trend-based strategies for the microgrid market includes use of artificial intelligence (AI), development and adoption of green hydrogen microgrids, development of smart, plug-and-play microgrid inverters, adoption of solar and battery-powered microgrid community and partnerships and collaborations.
Player-adopted strategies in the microgrid market includes focuses on transforming the energy landscape through the launch of new products, enhancing business capabilities through strategic partnerships and collaborations and expanding renewable energy market through securing new contracts.
To take advantage of the opportunities, the publisher recommends the microgrid companies to focus on artificial intelligence, invest in solar and battery-powered microgrid community, focus on green hydrogen microgrids, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events and continue to target fast-growing end-users.
This report describes and explains the microgrid market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
Table of Contents
1. Executive Summary2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Microgrid Market Definition And Segmentations
6.4. Market Segmentation By Type
6.4.1. AC Microgrids
6.4.2. DC Microgrids
6.4.3. Hybrid
6.5. Market Segmentation By Connectivity
6.5.1. Grid Connected
6.5.2. Off-Grid Connected
6.6. Market Segmentation By Component
6.6.1. Hardware
6.6.2. Software
6.6.3. Services
6.7. Market Segmentation By Application
6.7.1. Remote Systems
6.7.2. Institutional Buildings
6.7.3. Community And Utility Distribution
6.8. Market Segmentation By End User
6.8.1. Commercial And Industrial
6.8.2. Institutes And Campuses
6.8.3. Defense And Military
7. Major Market Trends
7.1. Use Of Artificial Intelligence (AI)
7.2. Development And Adoption Of Green Hydrogen Microgrids
7.3. Development Of Smart, Plug-And-Play Microgrid Inverters
7.4. Adoption Of Solar And Battery-Powered Microgrid Community
7.5. Partnerships And Collaborations
8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2017 - 2022, Value ($ Million)
8.2.1. Market Drivers 2017 - 2022
8.2.2. Market Restraints 2017 - 2022
8.3. Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
8.3.1. Market Drivers 2022 - 2027
8.3.2. Market Restraints 2022 - 2027
9. Global Microgrid Market Segmentation
9.1. Global Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.2. Global Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.3. Global Microgrid Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.4. Global Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10. Microgrid Market, Regional and Country Analysis
10.1. Global Microgrid Market, By Region, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10.2. Global Microgrid Market, By Country, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overviews
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.4. Asia-Pacific Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.5. Asia-Pacific Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.6. Asia-Pacific Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.7. Asia-Pacific Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.8. Asia-Pacific Microgrid Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Region Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory Bodies
11.11.7. Major Associations
11.11.8. Taxes Levied
11.11.9. Corporate tax structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.13. China Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.14. China Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.15. China Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.16. China Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.17. India Market
11.18. India Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.19. India Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.20. India Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.21. India Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.22. India Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.23. Japan Market
11.24. Japan Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.25. Japan Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.26. Japan Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.27. Japan Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.28. Japan Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.29. Australia Market
11.30. Australia Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.31. Australia Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.32. Australia Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.33. Australia Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.34. Australia Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.35. Indonesia Market
11.36. Indonesia Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.37. Indonesia Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.38. Indonesia Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.39. Indonesia Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.40. Indonesia Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.41. South Korea Market
11.42. South Korea Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.43. South Korea Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.44. South Korea Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.45. South Korea Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.46. South Korea Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.4. Western Europe Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.5. Western Europe Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.6. Western Europe Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.7. Western Europe Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.8. Western Europe Microgrid Market: Country Analysis
12.9. UK Market
12.10. UK Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.11. UK Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.12. UK Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.13. UK Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.14. UK Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.15. Germany Market
12.16. Germany Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.17. Germany Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.18. Germany Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.19. Germany Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.20. Germany Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.21. France Market
12.22. France Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.23. France Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.24. France Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.25. France Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.26. France Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.4. Eastern Europe Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.5. Eastern Europe Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.6. Eastern Europe Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.7. Eastern Europe Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.8. Eastern Europe Microgrid Market: Country Analysis
13.9. Russia Market
13.10. Russia Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.11. Russia Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.12. Russia Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.13. Russia Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.14. Russia Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.4. North America Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.5. North America Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.6. North America Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.7. North America Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.8. North America Microgrid Market: Country Analysis
14.9. USA Market
14.10. Summary
14.11. Market Overview
14.11.1. Country Information
14.11.2. Market Information
14.11.3. Background Information
14.11.4. Government Initiatives
14.11.5. Regulations
14.11.6. Regulatory bodies
14.11.7. Major Associations
14.11.8. Taxes Levied
14.11.9. Corporate Tax Structure
14.11.10. Investments
14.11.11. Major Companies
14.12. USA Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.13. USA Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.14. USA Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.15. USA Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.16. USA Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.4. South America Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.5. South America Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.6. South America Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.7. South America Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.8. South America Microgrid Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.11. Brazil Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.12. Brazil Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.13. Brazil Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.14. Brazil Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
16.4. Middle East Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
16.5. Middle East Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.6. Middle East Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.7. Middle East Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Microgrid Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
17.4. Africa Microgrid Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
17.5. Africa Microgrid Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.6. Africa Microgrid Market, Segmentation By Connectivity, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.7. Africa Microgrid Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. General Electric Company
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Financial Overview
18.3. Schneider Electric SE
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Business Strategy
18.3.4. Financial Overview
18.4. ABB Group
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Business Strategy
18.4.4. Financial Overview
18.5. Siemens AG
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. Toshiba Corporation
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview
19. Key Mergers and Acquisitions
19.1. Hover Energy Acquired Shine Development Partners
19.2. ABM Industries Acquired Ravenvolt
19.3. Caterpillar Acquired Tangent Energy
19.4. Scale Microgrid Acquired Solar Projects From Nexus Renewables
19.5. Yokogawa Electric Acquired PXiSE Energy
19.6. Schneider Electric Acquired DC Systems
19.7. Fluence Energy Acquired The Digital Intelligence Platform Of Advanced Microgrid Solutions
20. Opportunities And Strategies
20.1. Global Microgrid Market In 2027 - Countries Offering Most New Opportunities
20.2. Global Microgrid Market In 2027 - Segments Offering Most New Opportunities
20.3. Global Microgrid Market In 2027 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies
21. Microgrid Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People
22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer
Executive Summary
Microgrid Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global microgrid market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider microgrid market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Opportunities And Strategies
- Conclusions And Recommendations
- Appendix
Scope
Markets Covered1) By Type: AC Microgrid; DC Microgrid; Hybrid
2) By Connectivity: Grid Connected; Off-Grid Connected
3) By Component: Hardware; Software; Services
4) By Application: Remote Systems; Institutional Buildings; Community And Utility Distribution
5) By End-User: Commercial And Industrial; Institutes And Campuses; Defense And Military
Companies Mentioned: General Electric Company; Schneider Electric SE; ABB Group; Siemens AG; Toshiba Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; microgrid indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; microgrid market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- General Electric Company
- Schneider Electric SE
- ABB Group
- Siemens AG
- Toshiba Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 319 |
| Published | February 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 11901.6 Million |
| Forecasted Market Value ( USD | $ 65021.5 Million |
| Compound Annual Growth Rate | 18.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
