Microgrid Technology Industry Research Report 2024

Microgrid Technology Industry Research Report 2024


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 valued at US$ million in 2023 and is anticipated to reach 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, price, and sales 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
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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 volume and 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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. 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 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments 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 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Microgrid Technology companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
Chapter 13: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Microgrid Technology by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
2.2.2 Grid-Tied Type Microgrid
2.2.3 Independent Type Microgrid
2.3 Microgrid Technology by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
2.3.2 Commercial/Industrial
2.3.3 Community/Utility
2.3.4 Campus/Institutional
2.3.5 Military
2.3.6 Remote
2.3.7 Others
2.4 Assumptions and Limitations
3 Microgrid Technology Breakdown Data by Type
3.1 Global Microgrid Technology Historic Market Size by Type (2019-2024)
3.2 Global Microgrid Technology Forecasted Market Size by Type (2025-2030)
4 Microgrid Technology Breakdown Data by Application
4.1 Global Microgrid Technology Historic Market Size by Application (2019-2024)
4.2 Global Microgrid Technology Forecasted Market Size by Application (2019-2024)
5 Global Growth Trends
5.1 Global Microgrid Technology Market Perspective (2019-2030)
5.2 Global Microgrid Technology Growth Trends by Region
5.2.1 Global Microgrid Technology Market Size by Region: 2019 VS 2023 VS 2030
5.2.2 Microgrid Technology Historic Market Size by Region (2019-2024)
5.2.3 Microgrid Technology Forecasted Market Size by Region (2025-2030)
5.3 Microgrid Technology Market Dynamics
5.3.1 Microgrid Technology Industry Trends
5.3.2 Microgrid Technology Market Drivers
5.3.3 Microgrid Technology Market Challenges
5.3.4 Microgrid Technology Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Microgrid Technology Players by Revenue
6.1.1 Global Top Microgrid Technology Players by Revenue (2019-2024)
6.1.2 Global Microgrid Technology Revenue Market Share by Players (2019-2024)
6.2 Global Microgrid Technology Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Microgrid Technology Head office and Area Served
6.4 Global Microgrid Technology Players, Product Type & Application
6.5 Global Microgrid Technology Players, Date of Enter into This Industry
6.6 Global Microgrid Technology Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Microgrid Technology Market Size (2019-2030)
7.2 North America Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Microgrid Technology Market Size by Country (2019-2024)
7.4 North America Microgrid Technology Market Size by Country (2025-2030)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe Microgrid Technology Market Size (2019-2030)
8.2 Europe Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Microgrid Technology Market Size by Country (2019-2024)
8.4 Europe Microgrid Technology Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Microgrid Technology Market Size (2019-2030)
9.2 Asia-Pacific Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Microgrid Technology Market Size by Country (2019-2024)
9.4 Asia-Pacific Microgrid Technology Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia
10 Latin America
10.1 Latin America Microgrid Technology Market Size (2019-2030)
10.2 Latin America Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Microgrid Technology Market Size by Country (2019-2024)
10.4 Latin America Microgrid Technology Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Microgrid Technology Market Size (2019-2030)
11.2 Middle East & Africa Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Microgrid Technology Market Size by Country (2019-2024)
11.4 Middle East & Africa Microgrid Technology Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE
12 Players Profiled
12.1 ABB
12.1.1 ABB Company Information
12.1.2 ABB Business Overview
12.1.3 ABB Revenue in Microgrid Technology Business (2019-2024)
12.1.4 ABB Microgrid Technology Product Portfolio
12.1.5 ABB Recent Developments
12.2 GE
12.2.1 GE Company Information
12.2.2 GE Business Overview
12.2.3 GE Revenue in Microgrid Technology Business (2019-2024)
12.2.4 GE Microgrid Technology Product Portfolio
12.2.5 GE Recent Developments
12.3 Echelon
12.3.1 Echelon Company Information
12.3.2 Echelon Business Overview
12.3.3 Echelon Revenue in Microgrid Technology Business (2019-2024)
12.3.4 Echelon Microgrid Technology Product Portfolio
12.3.5 Echelon Recent Developments
12.4 S&C Electric
12.4.1 S&C Electric Company Information
12.4.2 S&C Electric Business Overview
12.4.3 S&C Electric Revenue in Microgrid Technology Business (2019-2024)
12.4.4 S&C Electric Microgrid Technology Product Portfolio
12.4.5 S&C Electric Recent Developments
12.5 Siemens
12.5.1 Siemens Company Information
12.5.2 Siemens Business Overview
12.5.3 Siemens Revenue in Microgrid Technology Business (2019-2024)
12.5.4 Siemens Microgrid Technology Product Portfolio
12.5.5 Siemens Recent Developments
12.6 General Microgrids
12.6.1 General Microgrids Company Information
12.6.2 General Microgrids Business Overview
12.6.3 General Microgrids Revenue in Microgrid Technology Business (2019-2024)
12.6.4 General Microgrids Microgrid Technology Product Portfolio
12.6.5 General Microgrids Recent Developments
12.7 Microgrid Solar
12.7.1 Microgrid Solar Company Information
12.7.2 Microgrid Solar Business Overview
12.7.3 Microgrid Solar Revenue in Microgrid Technology Business (2019-2024)
12.7.4 Microgrid Solar Microgrid Technology Product Portfolio
12.7.5 Microgrid Solar Recent Developments
12.8 Raytheon
12.8.1 Raytheon Company Information
12.8.2 Raytheon Business Overview
12.8.3 Raytheon Revenue in Microgrid Technology Business (2019-2024)
12.8.4 Raytheon Microgrid Technology Product Portfolio
12.8.5 Raytheon Recent Developments
12.9 Sunverge Energy
12.9.1 Sunverge Energy Company Information
12.9.2 Sunverge Energy Business Overview
12.9.3 Sunverge Energy Revenue in Microgrid Technology Business (2019-2024)
12.9.4 Sunverge Energy Microgrid Technology Product Portfolio
12.9.5 Sunverge Energy Recent Developments
12.10 Toshiba
12.10.1 Toshiba Company Information
12.10.2 Toshiba Business Overview
12.10.3 Toshiba Revenue in Microgrid Technology Business (2019-2024)
12.10.4 Toshiba Microgrid Technology Product Portfolio
12.10.5 Toshiba Recent Developments
12.11 NEC
12.11.1 NEC Company Information
12.11.2 NEC Business Overview
12.11.3 NEC Revenue in Microgrid Technology Business (2019-2024)
12.11.4 NEC Microgrid Technology Product Portfolio
12.11.5 NEC Recent Developments
12.12 Aquion Energy
12.12.1 Aquion Energy Company Information
12.12.2 Aquion Energy Business Overview
12.12.3 Aquion Energy Revenue in Microgrid Technology Business (2019-2024)
12.12.4 Aquion Energy Microgrid Technology Product Portfolio
12.12.5 Aquion Energy Recent Developments
12.13 EnStorage
12.13.1 EnStorage Company Information
12.13.2 EnStorage Business Overview
12.13.3 EnStorage Revenue in Microgrid Technology Business (2019-2024)
12.13.4 EnStorage Microgrid Technology Product Portfolio
12.13.5 EnStorage Recent Developments
12.14 SGCC
12.14.1 SGCC Company Information
12.14.2 SGCC Business Overview
12.14.3 SGCC Revenue in Microgrid Technology Business (2019-2024)
12.14.4 SGCC Microgrid Technology Product Portfolio
12.14.5 SGCC Recent Developments
12.15 Moixa
12.15.1 Moixa Company Information
12.15.2 Moixa Business Overview
12.15.3 Moixa Revenue in Microgrid Technology Business (2019-2024)
12.15.4 Moixa Microgrid Technology Product Portfolio
12.15.5 Moixa Recent Developments
12.16 EnSync
12.16.1 EnSync Company Information
12.16.2 EnSync Business Overview
12.16.3 EnSync Revenue in Microgrid Technology Business (2019-2024)
12.16.4 EnSync Microgrid Technology Product Portfolio
12.16.5 EnSync Recent Developments
12.17 Ampard
12.17.1 Ampard Company Information
12.17.2 Ampard Business Overview
12.17.3 Ampard Revenue in Microgrid Technology Business (2019-2024)
12.17.4 Ampard Microgrid Technology Product Portfolio
12.17.5 Ampard Recent Developments
12.18 Green Energy Corp
12.18.1 Green Energy Corp Company Information
12.18.2 Green Energy Corp Business Overview
12.18.3 Green Energy Corp Revenue in Microgrid Technology Business (2019-2024)
12.18.4 Green Energy Corp Microgrid Technology Product Portfolio
12.18.5 Green Energy Corp Recent Developments
12.19 Growing Energy Labs Inc
12.19.1 Growing Energy Labs Inc Company Information
12.19.2 Growing Energy Labs Inc Business Overview
12.19.3 Growing Energy Labs Inc Revenue in Microgrid Technology Business (2019-2024)
12.19.4 Growing Energy Labs Inc Microgrid Technology Product Portfolio
12.19.5 Growing Energy Labs Inc Recent Developments
12.20 HOMER Energy
12.20.1 HOMER Energy Company Information
12.20.2 HOMER Energy Business Overview
12.20.3 HOMER Energy Revenue in Microgrid Technology Business (2019-2024)
12.20.4 HOMER Energy Microgrid Technology Product Portfolio
12.20.5 HOMER Energy Recent Developments
12.21 Spirae
12.21.1 Spirae Company Information
12.21.2 Spirae Business Overview
12.21.3 Spirae Revenue in Microgrid Technology Business (2019-2024)
12.21.4 Spirae Microgrid Technology Product Portfolio
12.21.5 Spirae Recent Developments
13 Report Conclusion
14 Disclaimer

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