Global Modular Microgrids Market Growth (Status and Outlook) 2023-2029

Global Modular Microgrids Market Growth (Status and Outlook) 2023-2029

A microgrid, as defined by the U.S. Department of Energy Microgrid Exchange Group, is a group of interconnected loads and distributed energy resources within clearly defined electrical boundaries that acts as a single controllable entity with respect to the grid. A microgrid can connect and disconnect from the grid to enable it to operate in both grid-connected or island-mode.
LPI (LP Information)' newest research report, the “Modular Microgrids Industry Forecast” looks at past sales and reviews total world Modular Microgrids sales in 2022, providing a comprehensive analysis by region and market sector of projected Modular Microgrids sales for 2023 through 2029. With Modular Microgrids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Modular Microgrids industry.
This Insight Report provides a comprehensive analysis of the global Modular Microgrids 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 Modular Microgrids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Modular Microgrids market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Modular Microgrids 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 Modular Microgrids.
The global Modular Microgrids market size is projected to grow from US$ 1630.9 million in 2022 to US$ 3087 million in 2029; it is expected to grow at a CAGR of 9.5% from 2023 to 2029.
Global modular microgrids key players include PowerSecure, Schweitzer Engineering Laboratories, Schneider Electric, Eaton, SMA Solar Technology, etc. Global top 5 manufacturers hold a share about 40%.
North America is the largest market, with a share over 40%, followed by Asia-Pacific and Europe, both have a share over 50 percent. In terms of product, hardware system is the largest segment, with a share over 85%. And in terms of application, the largest application is commercial and industrial, followed by remote.
This report presents a comprehensive overview, market shares, and growth opportunities of Modular Microgrids market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Hardware System
Software System
Segmentation by application
Remote
Commercial and Industrial
Utility Distribution
Institutional and Military
Community and Other
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-Hitachi
Schneider Electric
PowerSecure
GE Grid Solutions
Siemens
Eaton
Schweitzer Engineering Laboratories
Bloom Energy
SMA Solar Technology
Gridscape
SimpliPhi Power
Scale Microgrid Solutions
Gham Power
BoxPower

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