Global Grid-connected Microgrid Market Growth (Status and Outlook) 2023-2029

Global Grid-connected Microgrid Market Growth (Status and Outlook) 2023-2029

The grid-connected microgrid includes multiple generators, power distribution systems, and complex controls. The main grid acts as the main power source for the grid-connected microgrid. These microgrids rely on the main grid for power balance and energy backup. Grid-connected microgrids generally have higher reliability than remote / island microgrids due to their connection to the main grid. The growth of the grid-connected microgrid market can be attributed to the expansion of utility-based grid networks and the large-scale use of renewable energy sources (such as offshore wind energy). Grid-connected microgrids can provide grid flexibility and improve quality. Their impact on the environment is small, thus driving demand for clean energy.

LPI (LP Information)' newest research report, the “Grid-connected Microgrid Industry Forecast” looks at past sales and reviews total world Grid-connected Microgrid sales in 2022, providing a comprehensive analysis by region and market sector of projected Grid-connected Microgrid sales for 2023 through 2029. With Grid-connected Microgrid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grid-connected Microgrid industry.

This Insight Report provides a comprehensive analysis of the global Grid-connected Microgrid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Grid-connected Microgrid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Grid-connected Microgrid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grid-connected Microgrid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Grid-connected Microgrid.

The global Grid-connected Microgrid market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Grid-connected Microgrid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Grid-connected Microgrid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Grid-connected Microgrid is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Grid-connected Microgrid players cover ABB, General Electric Company, Siemens AG, Eaton Corporation, Schneider Electric, Honeywell International, HOMER Energy LLC and Power Analytics Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Grid-connected Microgrid market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
AC Microgrid
DC Microgrid
Hybrid Microgrid

Segmentation by application
Commercial and Industrial
Government
Military
Healthcare

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation

Please note: The report will take approximately 2 business days to prepare and deliver.