Micro Grids

Micro Grids

Global Micro Grids Market to Reach $50.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Micro Grids estimated at US$27 Billion in the year 2020, is projected to reach a revised size of US$50.2 Billion by 2027, growing at aCAGR of 9.3% over the period 2020-2027. Grid Connected, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$35.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Off-Grid Connected segment is readjusted to a revised 7.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 10.7% CAGR

The Micro Grids market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.2 Billion by the year 2027 trailing a CAGR of 10.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

Select Competitors (Total 55 Featured) -

• ABB Ltd
• AMS
• Caterpillar
• Eaton Corporation Inc.
• GE’s Grid Solutions
• General Microgrids
• Heila Technologies
• Hitachi ABB Power Grids
• HOMER Energy LLC
• Honeywell International Inc.
• Lockheed Martin Corporation
• Power Analytics Corporation
• S&C Electric Company
• Schneider Electric SE
• Siemens AG
• Spirae, LLC
• Tesla, Inc.
• Toshiba Corporation

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