Global Microgrid Market 2025-2029

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	209 Pages	TechNavio	January, 2025	INF19584549

Best Price Guarantee
Price	from $2,500
Length	209 Pages
Publisher	TechNavio
Published Date	January, 2025
SKU	INF19584549

Global Microgrid Market 2024-2028

The microgrid market is forecasted to grow by USD 32848.9 mn during 2023-2028, accelerating at a CAGR of 15.12% during the forecast period. The report on the microgrid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need for resilience, rise in adoption of microgrids in rural areas, and recent developments in microgrid.

Technavio's microgrid market is segmented as below:

By Application

Remote
Institutions and campus
Military
Others

By Connectivity

Grid connected
Off-grid connected

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the rapid advances in technology as one of the prime reasons driving the microgrid market growth during the next few years. Also, rising demand for microgrids in military applications and microgrids for protection from cybersecurity attacks will lead to sizable demand in the market.

The report on the microgrid market covers the following areas:

Microgrid market sizing
Microgrid market forecast
Microgrid market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microgrid market vendors that include ABB Ltd., Anbaric Development Partners LLC, Canopy Power, Eaton Corp. PLC, Emerson Electric Co., Exelon Corp., General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL Solutions Inc.. Also, the microgrid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Data Table on Incremental Growth
Technavio Analysis
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Criticality of inputs and Factors of differentiation
- Factors of disruption
- Impact of drivers and challenges
Market Landscape
- Market ecosystem
  - Table Data Table on - Parent Market
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2024
- Market outlook: Forecast for 2024-2029
  - Table Data Table on Global - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Historic Market Size
- Global Microgrid Market 2019 - 2023
  - Table Historic Market Size - Data Table on Global Microgrid Market 2019 - 2023 ($ million)
- Application segment analysis 2019 - 2023
- Connectivity segment analysis 2019 - 2023
- Geography segment analysis 2019 - 2023
- Country segment analysis 2019 - 2023
Qualitative Analysis
- Impact of AI on Global Microgrid Market
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
  - Table Data Table on Application - Market share 2024-2029 (%)
- Comparison by Application
  - Table Data Table on Comparison by Application
- Remote - Market size and forecast 2024-2029
  - Table Data Table on Remote - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Remote - Year-over-year growth 2024-2029 (%)
- Institutions and campus - Market size and forecast 2024-2029
  - Table Data Table on Institutions and campus - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Institutions and campus - Year-over-year growth 2024-2029 (%)
- Military - Market size and forecast 2024-2029
  - Table Data Table on Military - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Military - Year-over-year growth 2024-2029 (%)
- Others - Market size and forecast 2024-2029
  - Table Data Table on Others - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Others - Year-over-year growth 2024-2029 (%)
- Market opportunity by Application
  - Table Data Table on Market opportunity by Application ($ million)
Market Segmentation by Connectivity
- Market segments
  - Table Data Table on Connectivity - Market share 2024-2029 (%)
- Comparison by Connectivity
  - Table Data Table on Comparison by Connectivity
- Grid connected - Market size and forecast 2024-2029
  - Table Data Table on Grid connected - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Grid connected - Year-over-year growth 2024-2029 (%)
- Off-grid connected - Market size and forecast 2024-2029
  - Table Data Table on Off-grid connected - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Off-grid connected - Year-over-year growth 2024-2029 (%)
- Market opportunity by Connectivity
  - Table Data Table on Market opportunity by Connectivity ($ million)
Customer Landscape
- Customer landscape overview
Geographic Landscape
- Geographic segmentation
  - Table Data Table on Market share by geography 2024-2029 (%)
- Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2024-2029
  - Table Data Table on North America - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on North America - Year-over-year growth 2024-2029 (%)
- APAC - Market size and forecast 2024-2029
  - Table Data Table on APAC - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Europe - Market size and forecast 2024-2029
  - Table Data Table on Europe - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Europe - Year-over-year growth 2024-2029 (%)
- South America - Market size and forecast 2024-2029
  - Table Data Table on South America - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on South America - Year-over-year growth 2024-2029 (%)
- Middle East and Africa - Market size and forecast 2024-2029
  - Table Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- US - Market size and forecast 2024-2029
  - Table Data Table on US - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on US - Year-over-year growth 2024-2029 (%)
- China - Market size and forecast 2024-2029
  - Table Data Table on China - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on China - Year-over-year growth 2024-2029 (%)
- India - Market size and forecast 2024-2029
  - Table Data Table on India - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on India - Year-over-year growth 2024-2029 (%)
- Canada - Market size and forecast 2024-2029
  - Table Data Table on Canada - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Canada - Year-over-year growth 2024-2029 (%)
- Japan - Market size and forecast 2024-2029
  - Table Data Table on Japan - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Japan - Year-over-year growth 2024-2029 (%)
- Germany - Market size and forecast 2024-2029
  - Table Data Table on Germany - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Germany - Year-over-year growth 2024-2029 (%)
- Brazil - Market size and forecast 2024-2029
  - Table Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- Argentina - Market size and forecast 2024-2029
  - Table Data Table on Argentina - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- UK - Market size and forecast 2024-2029
  - Table Data Table on UK - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on UK - Year-over-year growth 2024-2029 (%)
- South Korea - Market size and forecast 2024-2029
  - Table Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
  - Table Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- Market opportunity by geography
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Opportunity/Restraints
- Market drivers
  - Growing demand for microgrids to tackle power infrastructure issues
  - Rise in adoption of microgrids in rural areas
  - Recent developments in microgrid
- Market challenges
  - High implementation costs
  - High exit and standby costs
  - Reluctance of utilities
- Impact of drivers and challenges
- Market opportunities/restraints
  - Rapid advances in technology
  - Rising demand for microgrids in military applications
  - Microgrids for protection from cybersecurity attacks
Competitive Landscape
- Overview
- Competitive Landscape
- Landscape disruption
- Industry risks
Competitive Analysis
- Companies profiled
- Company ranking index
- Market positioning of companies
- ABB Ltd
- Eaton Corp.
- Emerson Electric Co.
- Exelon Corp.
- General Electric Co.
- General MicroGrids
- Honeywell International Inc.
- Pareto Energy
- Powerhive Inc.
- S and C Electric Co.
- Schneider Electric SE
- Siemens AG
- Tesla Inc.
- TotalEnergies SE
- UL Solutions Inc.
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- Data procurement
- Data validation
- Validation techniques employed for market sizing
- Data synthesis
- 360 degree market analysis
- List of abbreviations