Global Microgrid Technology Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Microgrid Technology Market Size, Manufacturers, Opportunities and Forecast to 2030


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.

According to APO Research, The global Microgrid Technology market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

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%.

Report Scope

This report 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.

The Microgrid Technology market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Microgrid Technology market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report 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

Microgrid Technology segment by Type

Grid-Tied Type Microgrid
Independent Type Microgrid

Microgrid Technology segment by Application

Commercial/Industrial
Community/Utility
Campus/Institutional
Military
Remote
Others

Microgrid Technology Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Microgrid Technology market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Microgrid Technology and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Microgrid Technology.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: 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 3: 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 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Microgrid Technology companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
Chapter 12: Concluding Insights of the report


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Microgrid Technology Market Size Overview by Region 20
19 VS 2023 VS 2030
1.4 Global Microgrid Technology Market Size by Region (2019-2030)
1.4.1 Global Microgrid Technology Market Size by Region (2019-2024)
1.4.2 Global Microgrid Technology Market Size by Region (2025-2030)
1.5 Key Regions Microgrid Technology Market Size (2019-2030)
1.5.1 North America Microgrid Technology Market Size Growth Rate (2019-2030)
1.5.2 Europe Microgrid Technology Market Size Growth Rate (2019-2030)
1.5.3 Asia-Pacific Microgrid Technology Market Size Growth Rate (2019-2030)
1.5.4 Latin America Microgrid Technology Market Size Growth Rate (2019-2030)
1.5.5 Middle East & Africa Microgrid Technology Market Size Growth Rate (2019-2030)
2 Microgrid Technology Market by Type
2.1 Type Introduction
2.1.1 Grid-Tied Type Microgrid
2.1.2 Independent Type Microgrid
2.2 Global Microgrid Technology Market Size by Type
2.2.1 Global Microgrid Technology Market Size Overview by Type (2019-2030)
2.2.2 Global Microgrid Technology Historic Market Size Review by Type (2019-2024)
2.2.3 Global Microgrid Technology Market Size Forecasted by Type (2025-2030)
2.3 Global Microgrid Technology Market Size by Regions
2.3.1 North America Microgrid Technology Market Size Breakdown by Type (2019-2024)
2.3.2 Europe Microgrid Technology Market Size Breakdown by Type (2019-2024)
2.3.3 Asia-Pacific Microgrid Technology Market Size Breakdown by Type (2019-2024)
2.3.4 Latin America Microgrid Technology Market Size Breakdown by Type (2019-2024)
2.3.5 Middle East and Africa Microgrid Technology Market Size Breakdown by Type (2019-2024)
3 Microgrid Technology Market by Application
3.1 Type Introduction
3.1.1 Commercial/Industrial
3.1.2 Community/Utility
3.1.3 Campus/Institutional
3.1.4 Military
3.1.5 Remote
3.1.6 Others
3.2 Global Microgrid Technology Market Size by Application
3.2.1 Global Microgrid Technology Market Size Overview by Application (2019-2030)
3.2.2 Global Microgrid Technology Historic Market Size Review by Application (2019-2024)
3.2.3 Global Microgrid Technology Market Size Forecasted by Application (2025-2030)
3.3 Global Microgrid Technology Market Size by Regions
3.3.1 North America Microgrid Technology Market Size Breakdown by Application (2019-2024)
3.3.2 Europe Microgrid Technology Market Size Breakdown by Application (2019-2024)
3.3.3 Asia-Pacific Microgrid Technology Market Size Breakdown by Application (2019-2024)
3.3.4 Latin America Microgrid Technology Market Size Breakdown by Application (2019-2024)
3.3.5 Middle East and Africa Microgrid Technology Market Size Breakdown by Application (2019-2024)
4 Global Market Dynamics
4.1 Microgrid Technology Industry Trends
4.2 Microgrid Technology Industry Drivers
4.3 Microgrid Technology Industry Opportunities and Challenges
4.4 Microgrid Technology Industry Restraints
5 Competitive Insights by Company
5.1 Global Top Players by Microgrid Technology Revenue (2019-2024)
5.2 Global Microgrid Technology Industry Company Ranking, 20
22 VS 2023 VS 2024
5.3 Global Microgrid Technology Key Company Headquarters & Area Served
5.4 Global Microgrid Technology Company, Product Type & Application
5.5 Global Microgrid Technology Company Commercialization Time
5.6 Market Competitive Analysis
5.6.1 Global Microgrid Technology Market CR5 and HHI
5.6.2 Global Top 5 and
10 Microgrid Technology Players Market Share by Revenue in 2023
5.6.3 20
23 Microgrid Technology Tier 1, Tier 2, and Tier 3
6 Company Profiles
6.1 ABB
6.1.1 ABB Comapny Information
6.1.2 ABB Business Overview
6.1.3 ABB Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.1.4 ABB Microgrid Technology Product Portfolio
6.1.5 ABB Recent Developments
6.2 GE
6.2.1 GE Comapny Information
6.2.2 GE Business Overview
6.2.3 GE Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.2.4 GE Microgrid Technology Product Portfolio
6.2.5 GE Recent Developments
6.3 Echelon
6.3.1 Echelon Comapny Information
6.3.2 Echelon Business Overview
6.3.3 Echelon Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.3.4 Echelon Microgrid Technology Product Portfolio
6.3.5 Echelon Recent Developments
6.4 S&C Electric
6.4.1 S&C Electric Comapny Information
6.4.2 S&C Electric Business Overview
6.4.3 S&C Electric Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.4.4 S&C Electric Microgrid Technology Product Portfolio
6.4.5 S&C Electric Recent Developments
6.5 Siemens
6.5.1 Siemens Comapny Information
6.5.2 Siemens Business Overview
6.5.3 Siemens Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.5.4 Siemens Microgrid Technology Product Portfolio
6.5.5 Siemens Recent Developments
6.6 General Microgrids
6.6.1 General Microgrids Comapny Information
6.6.2 General Microgrids Business Overview
6.6.3 General Microgrids Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.6.4 General Microgrids Microgrid Technology Product Portfolio
6.6.5 General Microgrids Recent Developments
6.7 Microgrid Solar
6.7.1 Microgrid Solar Comapny Information
6.7.2 Microgrid Solar Business Overview
6.7.3 Microgrid Solar Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.7.4 Microgrid Solar Microgrid Technology Product Portfolio
6.7.5 Microgrid Solar Recent Developments
6.8 Raytheon
6.8.1 Raytheon Comapny Information
6.8.2 Raytheon Business Overview
6.8.3 Raytheon Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.8.4 Raytheon Microgrid Technology Product Portfolio
6.8.5 Raytheon Recent Developments
6.9 Sunverge Energy
6.9.1 Sunverge Energy Comapny Information
6.9.2 Sunverge Energy Business Overview
6.9.3 Sunverge Energy Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.9.4 Sunverge Energy Microgrid Technology Product Portfolio
6.9.5 Sunverge Energy Recent Developments
6.
10 Toshiba
6.10.1 Toshiba Comapny Information
6.10.2 Toshiba Business Overview
6.10.3 Toshiba Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.10.4 Toshiba Microgrid Technology Product Portfolio
6.10.5 Toshiba Recent Developments
6.
11 NEC
6.11.1 NEC Comapny Information
6.11.2 NEC Business Overview
6.11.3 NEC Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.11.4 NEC Microgrid Technology Product Portfolio
6.11.5 NEC Recent Developments
6.
12 Aquion Energy
6.12.1 Aquion Energy Comapny Information
6.12.2 Aquion Energy Business Overview
6.12.3 Aquion Energy Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.12.4 Aquion Energy Microgrid Technology Product Portfolio
6.12.5 Aquion Energy Recent Developments
6.
13 EnStorage
6.13.1 EnStorage Comapny Information
6.13.2 EnStorage Business Overview
6.13.3 EnStorage Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.13.4 EnStorage Microgrid Technology Product Portfolio
6.13.5 EnStorage Recent Developments
6.
14 SGCC
6.14.1 SGCC Comapny Information
6.14.2 SGCC Business Overview
6.14.3 SGCC Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.14.4 SGCC Microgrid Technology Product Portfolio
6.14.5 SGCC Recent Developments
6.
15 Moixa
6.15.1 Moixa Comapny Information
6.15.2 Moixa Business Overview
6.15.3 Moixa Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.15.4 Moixa Microgrid Technology Product Portfolio
6.15.5 Moixa Recent Developments
6.
16 EnSync
6.16.1 EnSync Comapny Information
6.16.2 EnSync Business Overview
6.16.3 EnSync Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.16.4 EnSync Microgrid Technology Product Portfolio
6.16.5 EnSync Recent Developments
6.
17 Ampard
6.17.1 Ampard Comapny Information
6.17.2 Ampard Business Overview
6.17.3 Ampard Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.17.4 Ampard Microgrid Technology Product Portfolio
6.17.5 Ampard Recent Developments
6.
18 Green Energy Corp
6.18.1 Green Energy Corp Comapny Information
6.18.2 Green Energy Corp Business Overview
6.18.3 Green Energy Corp Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.18.4 Green Energy Corp Microgrid Technology Product Portfolio
6.18.5 Green Energy Corp Recent Developments
6.
19 Growing Energy Labs Inc
6.19.1 Growing Energy Labs Inc Comapny Information
6.19.2 Growing Energy Labs Inc Business Overview
6.19.3 Growing Energy Labs Inc Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.19.4 Growing Energy Labs Inc Microgrid Technology Product Portfolio
6.19.5 Growing Energy Labs Inc Recent Developments
6.
20 HOMER Energy
6.20.1 HOMER Energy Comapny Information
6.20.2 HOMER Energy Business Overview
6.20.3 HOMER Energy Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.20.4 HOMER Energy Microgrid Technology Product Portfolio
6.20.5 HOMER Energy Recent Developments
6.
21 Spirae
6.21.1 Spirae Comapny Information
6.21.2 Spirae Business Overview
6.21.3 Spirae Microgrid Technology Revenue, Global Share and Gross Margin (2019-2024)
6.21.4 Spirae Microgrid Technology Product Portfolio
6.21.5 Spirae Recent Developments
7 North America
7.1 North America Microgrid Technology Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.2 North America Microgrid Technology Market Size by Country (2019-2024)
7.3 North America Microgrid Technology Market Size Forecast by Country (2025-2030)
8 Europe
8.1 Europe Microgrid Technology Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.2 Europe Microgrid Technology Market Size by Country (2019-2024)
8.3 Europe Microgrid Technology Market Size Forecast by Country (2025-2030)
9 Asia-Pacific
9.1 Asia-Pacific Microgrid Technology Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.2 Asia-Pacific Microgrid Technology Market Size by Country (2019-2024)
9.3 Asia-Pacific Microgrid Technology Market Size Forecast by Country (2025-2030)
10 Latin America
10.1 Latin America Microgrid Technology Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.2 Latin America Microgrid Technology Market Size by Country (2019-2024)
10.3 Latin America Microgrid Technology Market Size Forecast by Country (2025-2030)
11 Middle East & Africa
11.1 Middle East & Africa Microgrid Technology Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.2 Middle East & Africa Microgrid Technology Market Size by Country (2019-2024)
11.3 Middle East & Africa Microgrid Technology Market Size Forecast by Country (2025-2030)
12 Concluding Insights
13 Appendix
13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
13.5.1 Secondary Sources
13.5.2 Primary Sources

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