Global Smart Microgrid Solutions Market Growth (Status and Outlook) 2023-2029

Global Smart Microgrid Solutions Market Growth (Status and Outlook) 2023-2029

A microgrid is a group of interconnected loads and distributed energy resources (DERs) with 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 its operations in both grid-connected or islanded mode – US DOE Microgrid Exchange Group, 2010

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

This Insight Report provides a comprehensive analysis of the global Smart Microgrid Solutions 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 Smart Microgrid Solutions portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Microgrid Solutions market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Microgrid Solutions 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 Smart Microgrid Solutions.

The global Smart Microgrid Solutions 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 Smart Microgrid Solutions 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 Smart Microgrid Solutions 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 Smart Microgrid Solutions is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Smart Microgrid Solutions players cover ARDA Power, BoxPower Inc, Eaton, GE Grid Solutions, Gham Power, Gridscape, SMA Solar Technology, Sagemcom and Scale Microgrid Solutions, 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 Smart Microgrid Solutions market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Grid-connected Microgrid
Off-grid Microgrid

Segmentation by application
Remote
Commercial and Industrial
Utility Distribution
Institutional and Military
Community
Others

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.
ARDA Power
BoxPower Inc
Eaton
GE Grid Solutions
Gham Power
Gridscape
SMA Solar Technology
Sagemcom
Scale Microgrid Solutions
SimpliPhi Power
Schweitzer Engineering Laboratories
Schneider Electric
Siemens
PowerSecure
Nidec Corporation

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