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Synopsis
A microgrid is a small power grid with defined boundaries that can operate both when connected to the larger electrical grid and as an "island" when there's an interruption on the main grid. It draws on distributed energy resources, like solar power, to serve customers within the microgrid footprint. These benefits extend to surrounding communities, with reliable energy allowing better access to food, supplies and public services.
The global Microgrid market was valued at US$ 28750 million in 2023 and is anticipated to reach US$ 63830 million by 2030, witnessing a CAGR of 11.7% during the forecast period 2024-2030.
Global microgrid key players include ABB, NEC, GE, Aquion Energy, Echelon, etc. Global top 5 players hold a share about 25%.
North America is the largest market, with a share about 41%, followed by Asia-Pacific, having a total share about 40 percent.
In terms of product, grid-tied is the largest segment, with a share about 78%. And in terms of application, the largest application is commercial or industrial microgrid.
This report aims to provide a comprehensive presentation of the global market for Microgrid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microgrid.
Report Scope
The Microgrid market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Microgrid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Microgrid companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company (Partial List)
- ABB
- NEC
- GE
- Aquion Energy
- Echelon
- Raytheon
- SandC Electric Co
- Eaton Corporation
- Sunverge Energy
- Siemens
- Toshiba
- General Microgrids
- Lockheed Martin
Segment by Type
- Grid-Tied
- Independent
Segment by Application
- Commercial or Industrial Microgrid
- Community or Utility Microgrid
- Campus or Institutional Microgrid
- Military Microgrid
- Remote Microgrid
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Microgrid companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Microgrid Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Grid-Tied
1.2.3 Independent
1.3 Market by Application
1.3.1 Global Microgrid Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Commercial or Industrial Microgrid
1.3.3 Community or Utility Microgrid
1.3.4 Campus or Institutional Microgrid
1.3.5 Military Microgrid
1.3.6 Remote Microgrid
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Microgrid Market Perspective (2019-2030)
2.2 Microgrid Growth Trends by Region
2.2.1 Global Microgrid Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Microgrid Historic Market Size by Region (2019-2024)
2.2.3 Microgrid Forecasted Market Size by Region (2025-2030)
2.3 Microgrid Market Dynamics
2.3.1 Microgrid Industry Trends
2.3.2 Microgrid Market Drivers
2.3.3 Microgrid Market Challenges
2.3.4 Microgrid Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Microgrid Players by Revenue
3.1.1 Global Top Microgrid Players by Revenue (2019-2024)
3.1.2 Global Microgrid Revenue Market Share by Players (2019-2024)
3.2 Global Microgrid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Microgrid Revenue
3.4 Global Microgrid Market Concentration Ratio
3.4.1 Global Microgrid Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Microgrid Revenue in 2023
3.5 Microgrid Key Players Head office and Area Served
3.6 Key Players Microgrid Product Solution and Service
3.7 Date of Enter into Microgrid Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Microgrid Breakdown Data by Type
4.1 Global Microgrid Historic Market Size by Type (2019-2024)
4.2 Global Microgrid Forecasted Market Size by Type (2025-2030)
5 Microgrid Breakdown Data by Application
5.1 Global Microgrid Historic Market Size by Application (2019-2024)
5.2 Global Microgrid Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Microgrid Market Size (2019-2030)
6.2 North America Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Microgrid Market Size by Country (2019-2024)
6.4 North America Microgrid Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Microgrid Market Size (2019-2030)
7.2 Europe Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Microgrid Market Size by Country (2019-2024)
7.4 Europe Microgrid Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Microgrid Market Size (2019-2030)
8.2 Asia-Pacific Microgrid Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Microgrid Market Size by Region (2019-2024)
8.4 Asia-Pacific Microgrid Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Microgrid Market Size (2019-2030)
9.2 Latin America Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Microgrid Market Size by Country (2019-2024)
9.4 Latin America Microgrid Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Microgrid Market Size (2019-2030)
10.2 Middle East & Africa Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Microgrid Market Size by Country (2019-2024)
10.4 Middle East & Africa Microgrid Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Microgrid Introduction
11.1.4 ABB Revenue in Microgrid Business (2019-2024)
11.1.5 ABB Recent Development
11.2 NEC
11.2.1 NEC Company Detail
11.2.2 NEC Business Overview
11.2.3 NEC Microgrid Introduction
11.2.4 NEC Revenue in Microgrid Business (2019-2024)
11.2.5 NEC Recent Development
11.3 GE
11.3.1 GE Company Detail
11.3.2 GE Business Overview
11.3.3 GE Microgrid Introduction
11.3.4 GE Revenue in Microgrid Business (2019-2024)
11.3.5 GE Recent Development
11.4 Aquion Energy
11.4.1 Aquion Energy Company Detail
11.4.2 Aquion Energy Business Overview
11.4.3 Aquion Energy Microgrid Introduction
11.4.4 Aquion Energy Revenue in Microgrid Business (2019-2024)
11.4.5 Aquion Energy Recent Development
11.5 Echelon
11.5.1 Echelon Company Detail
11.5.2 Echelon Business Overview
11.5.3 Echelon Microgrid Introduction
11.5.4 Echelon Revenue in Microgrid Business (2019-2024)
11.5.5 Echelon Recent Development
11.6 Raytheon
11.6.1 Raytheon Company Detail
11.6.2 Raytheon Business Overview
11.6.3 Raytheon Microgrid Introduction
11.6.4 Raytheon Revenue in Microgrid Business (2019-2024)
11.6.5 Raytheon Recent Development
11.7 SandC Electric Co
11.7.1 SandC Electric Co Company Detail
11.7.2 SandC Electric Co Business Overview
11.7.3 SandC Electric Co Microgrid Introduction
11.7.4 SandC Electric Co Revenue in Microgrid Business (2019-2024)
11.7.5 SandC Electric Co Recent Development
11.8 Eaton Corporation
11.8.1 Eaton Corporation Company Detail
11.8.2 Eaton Corporation Business Overview
11.8.3 Eaton Corporation Microgrid Introduction
11.8.4 Eaton Corporation Revenue in Microgrid Business (2019-2024)
11.8.5 Eaton Corporation Recent Development
11.9 Sunverge Energy
11.9.1 Sunverge Energy Company Detail
11.9.2 Sunverge Energy Business Overview
11.9.3 Sunverge Energy Microgrid Introduction
11.9.4 Sunverge Energy Revenue in Microgrid Business (2019-2024)
11.9.5 Sunverge Energy Recent Development
11.10 Siemens
11.10.1 Siemens Company Detail
11.10.2 Siemens Business Overview
11.10.3 Siemens Microgrid Introduction
11.10.4 Siemens Revenue in Microgrid Business (2019-2024)
11.10.5 Siemens Recent Development
11.11 Toshiba
11.11.1 Toshiba Company Detail
11.11.2 Toshiba Business Overview
11.11.3 Toshiba Microgrid Introduction
11.11.4 Toshiba Revenue in Microgrid Business (2019-2024)
11.11.5 Toshiba Recent Development
11.12 General Microgrids
11.12.1 General Microgrids Company Detail
11.12.2 General Microgrids Business Overview
11.12.3 General Microgrids Microgrid Introduction
11.12.4 General Microgrids Revenue in Microgrid Business (2019-2024)
11.12.5 General Microgrids Recent Development
11.13 Lockheed Martin
11.13.1 Lockheed Martin Company Detail
11.13.2 Lockheed Martin Business Overview
11.13.3 Lockheed Martin Microgrid Introduction
11.13.4 Lockheed Martin Revenue in Microgrid Business (2019-2024)
11.13.5 Lockheed Martin Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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