Microgrid Market by Power (Combined Heat and Power, Diesel, Fuel Cell), Product (Grid connected, Hybrid, Remote), Application - Global Forecast 2023-2030
The Microgrid Market is projected to reach USD 61.60 billion by 2030 from USD 32.83 billion in 2022, at a CAGR of 8.18% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Microgrid Market.
- Based on Power, market is studied across Combined Heat and Power, Diesel, Fuel Cell, Natural Gas, and Solar Photovoltaic. The Solar Photovoltaic commanded largest market share of 36.67% in 2022, followed by Combined Heat and Power.
- Based on Product, market is studied across Grid connected, Hybrid, and Remote. The Grid connected commanded largest market share of 58.32% in 2022, followed by Remote.
- Based on Application, market is studied across Commercial, Defense, Education, Government, and Utility. The Utility commanded largest market share of 49.78% in 2022, followed by Commercial.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.53% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Microgrid Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Microgrid Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Microgrid Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Bloom Energy Corporation, BoxPower Inc., Caterpillar Inc., CleanSpark, Inc., Cummins Inc., Eaton Corporation PLC, Emerson Electric Co., Enchanted Rock Holdings, LLC, Encorp, Enel X S.r.l., General Electric Company, Gridscape, Hitachi, Ltd., Honeywell International Inc., Hover Energy, LLC, Intel Corporation, Leclanché SA, Lockheed Martin Corporation, MAN Energy Solutions SE, Nidec Corporation, NRG Energy, Inc., Pareto Energy, Power Analytics Global Corporation, Powerhive, PowerSecure, Inc., S&C Electric Company, Saft Groupe SAS, Scale Microgrid Solutions LLC, Schneider Electric SE, Schweitzer Engineering Laboratories, Inc., Siemens AG, Spirae, LLC, Tesla, Inc., UL, LLC, and Veolia Environnement SA.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Microgrid Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Microgrid Market?
- What is the competitive strategic window for identifying opportunities in the Microgrid Market?
- What are the latest technology trends and regulatory frameworks in the Microgrid Market?
- What is the market share of the leading vendors in the Microgrid Market?
- Which modes and strategic moves are suitable for entering the Microgrid Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Microgrid Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing inclination toward adoption of renewable energy across economies
- 5.1.1.2. Rising demand for stable and safe global power supply
- 5.1.1.3. Increasing instances of cyber attacks on electricity infrastructure
- 5.1.2. Restraints
- 5.1.2.1. Concerns regarding high costs of microgrid
- 5.1.3. Opportunities
- 5.1.3.1. Increasing investments for development of advanced electric monitoring and controlling infrastructure
- 5.1.3.2. Government initiatives to encourage development of microgrids
- 5.1.4. Challenges
- 5.1.4.1. Complexities in deployment and operation of microgrids
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Supportive government initiatives and investments for microgrids in the Americas
- 5.3.2. Growing use of microgrids to meet energy demands for regional and rural areas across Asia-Pacific region
- 5.3.3. Expanding renewable energy sector and government support for the development of microgrids in EMEA region
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 5.10.1. Technology Trends
- 6. Microgrid Market, by Power
- 6.1. Introduction
- 6.2. Combined Heat and Power
- 6.3. Diesel
- 6.4. Fuel Cell
- 6.5. Natural Gas
- 6.6. Solar Photovoltaic
- 7. Microgrid Market, by Product
- 7.1. Introduction
- 7.2. Grid connected
- 7.3. Hybrid
- 7.4. Remote
- 8. Microgrid Market, by Application
- 8.1. Introduction
- 8.2. Commercial
- 8.3. Defense
- 8.4. Education
- 8.5. Government
- 8.6. Utility
- 9. Americas Microgrid Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Microgrid Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Microgrid Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
- 12.3.1.1. Hover Energy acquires premier solar company, Shine Development Partners
- 12.3.1.2. ABM Broadens Its Technical Solutions Capabilities With Acquisition of Rapidly Expanding RavenVolt
- 12.3.1.3. Scale Microgrid Solutions Acquires Three Community Solar Projects in Upstate New York
- 12.3.2. Agreement, Collaboration, & Partnership
- 12.3.2.1. Cadiz Partners with Scale Microgrids to Develop Clean Energy Microgrids for Water Supply, Pipeline Project
- 12.3.2.2. Schneider Electric and GreenYellow Join Forces To Provide Commercial And Industrial Microgrid Solutions Across Europe
- 12.3.2.3. Fluence, Siemens BESS-Powered Microgrid Takes Azores Island Closer To ‘a Sustainable Future’
- 12.3.2.4. Eaton helps AEP Ohio Develop First Microgrid For City Of Columbus To Support Resilient, Sustainable Water Infrastructure
- 12.3.3. New Product Launch & Enhancement
- 12.3.3.1. Schneider Electric Introduces EcoStruxure Microgrid Flex
- 12.3.3.2. Tesla-Backed Startup Launches Microgrid Powering 2 African Villages
- 12.3.4. Investment & Funding
- 12.3.4.1. TROES Corp. Successfully Closes Pre-Series A Funding Round and Initiates Series A Financing, Demonstrating Strong Growth Potential in Energy Storage-Centered Microgrid Solutions
- 12.3.4.2. Microgrid Solutions Provider Nuru Raises USD 40 Million
- 12.3.4.3. ABB invests in Direct Current microgrid start-up Direct Energy Partners to accelerate energy transformation
- 12.3.5. Award, Recognition, & Expansion
- 12.3.5.1. Gridscape to Develop Renewable Energy Microgrids for 30 Critical Facilities in California with EBCE
- 12.3.5.2. Hover Energy’s 36 kW rooftop-Mounted Microgrid Combines Wind, Solar And Energy Storage
- 12.3.5.3. Siemens To Deploy First Microgrid Of Middle East In Doha
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. ABB Ltd.
- 13.1.2. Bloom Energy Corporation
- 13.1.3. BoxPower Inc.
- 13.1.4. Caterpillar Inc.
- 13.1.5. CleanSpark, Inc.
- 13.1.6. Cummins Inc.
- 13.1.7. Eaton Corporation PLC
- 13.1.8. Emerson Electric Co.
- 13.1.9. Enchanted Rock Holdings, LLC
- 13.1.10. Encorp
- 13.1.11. Enel X S.r.l.
- 13.1.12. General Electric Company
- 13.1.13. Gridscape
- 13.1.14. Hitachi, Ltd.
- 13.1.15. Honeywell International Inc.
- 13.1.16. Hover Energy, LLC
- 13.1.17. Intel Corporation
- 13.1.18. Leclanché SA
- 13.1.19. Lockheed Martin Corporation
- 13.1.20. MAN Energy Solutions SE
- 13.1.21. Nidec Corporation
- 13.1.22. NRG Energy, Inc.
- 13.1.23. Pareto Energy
- 13.1.24. Power Analytics Global Corporation
- 13.1.25. Powerhive
- 13.1.26. PowerSecure, Inc.
- 13.1.27. S&C Electric Company
- 13.1.28. Saft Groupe SAS
- 13.1.29. Scale Microgrid Solutions LLC
- 13.1.30. Schneider Electric SE
- 13.1.31. Schweitzer Engineering Laboratories, Inc.
- 13.1.32. Siemens AG
- 13.1.33. Spirae, LLC
- 13.1.34. Tesla, Inc.
- 13.1.35. UL, LLC
- 13.1.36. Veolia Environnement SA
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
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