Europe Microgrid Market - Industry Trends and Forecast to 2029
Europe microgrid market is projected to register a CAGR of 15.6% in the forecast period of 2022 to 2029.The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029.
Market Segmentation:
Europe Microgrid Market, By Connectivity (Off-Grid/Island/Remote and Grid Connected), Offering (Hardware, Software, and Services), Pattern (Urban, Semi-Urban, and Remote), Source (Diesel Generators, Chp, Solar Pv, Natural Gas and Others), Storage (Lithium-Ion, Lead Acid, Solar Batteries, Flywheel and Others), Grid Type (AC Microgrid, DC Microgrid and Hybrid Microgrid), Capacity (Less Than 5,000 Mw, 5,001 – 10,000, 10,001 – 15,000 and More Than 15,000 Mw), Control (Primary (Local Control), Secondary and Tertiary (Optimization) Control), Application (Remote Location, Utility, Industrial, Campus, Military, Smart City, Data Center, Hospital, School, Others), Country (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe) Industry Trends and Forecast to 2029.
Some of the significant factors contributing to the growth of the Europe microgrid market are:
• Increasing adoption of renewable energy sources as a power generation across the country
• Rising investment for microgrids projects in the European region
Market Players
Some of the major players operating in the Europe microgrid market are:
• ABB
• Rolls-Royce plc
• Schneider Electric
• Cummins Inc.
• Siemens
• Caterpillar
• General Electric
• Tesla
• Black & Veatch Holding Company
• Honeywell International Inc.
• Eaton
• Norvento Enerxía
• InnoVentum
• Hitachi Energy Ltd
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