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Global Microgrid Technology Market Research Report 2024

Global Microgrid Technology Market Research Report 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1704268

No of Pages : 101

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Synopsis

Microgrid is a localized power system comprised of distributed generation assets, energy storage devices, and smart distribution technologies that interoperates through controls and software-based intelligence systems.

Microgrid is among the most promising tools of modern distribution networks due to their versatility. Once fully customized to the electricity and heating needs of a specific end user, they can simultaneously deliver enhanced reliability, energy and cost efficiency as well as environmental benefits. Microgrid for critical infrastructure (schools, hospitals, universities, wastewater treatment plants, etc.), mainly in cities and small communities, will grow fastest by project number within the next five years, driven by CHP incentives and State resiliency programs along the East Coast, while military Microgrid will add significant additional capacity to the current microgrid landscape.

The global Microgrid Technology market was valued at US$ 19590 million in 2023 and is anticipated to reach US$ 49220 million by 2030, witnessing a CAGR of 13.9% during the forecast period 2024-2030.

Global Microgrid Technology main players are ABB, GE, Echelon, NEC , Aquion Energy, etc. Global top five manufacturers hold a share over 25%. North America is the largest market, with a share nearly 45%.

This report aims to provide a comprehensive presentation of the global market for Microgrid Technology, 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 Technology.

Report Scope

The Microgrid Technology 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 Technology 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 Technology 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.

Market Segmentation

By Company (Partial List):

  • ABB
  •     GE
  •     Echelon
  •     S&C Electric
  •     Siemens
  •     General Microgrids
  •     Microgrid Solar
  •     Raytheon
  •     Sunverge Energy
  •     Toshiba
  •     NEC
  •     Aquion Energy
  •     EnStorage
  •     SGCC
  •     Moixa
  •     EnSync
  •     Ampard
  •     Green Energy Corp
  •     Growing Energy Labs Inc
  •     HOMER Energy
  •     Spirae

By Type

  • Grid-Tied Type Microgrid
  • Independent Type Microgrid

By Application

  • Commercial/Industrial
  • Community/Utility
  • Campus/Institutional
  • Military
  • Remote
  • Others

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Netherlands)
  • Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
  • Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)

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 Technology 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.

 1 Report Overview
    1.1 Study Scope
    1.2 Market Analysis by Type
        1.2.1 Global Microgrid Technology Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
        1.2.2 Grid-Tied Type Microgrid
        1.2.3 Independent Type Microgrid
    1.3 Market by Application
        1.3.1 Global Microgrid Technology Market Growth by Application: 2019 VS 2023 VS 2030
        1.3.2 Commercial/Industrial
        1.3.3 Community/Utility
        1.3.4 Campus/Institutional
        1.3.5 Military
        1.3.6 Remote
        1.3.7 Others
    1.4 Study Objectives
    1.5 Years Considered
    1.6 Years Considered

 2 Global Growth Trends
    2.1 Global Microgrid Technology Market Perspective (2019-2030)
    2.2 Microgrid Technology Growth Trends by Region
        2.2.1 Global Microgrid Technology Market Size by Region: 2019 VS 2023 VS 2030
        2.2.2 Microgrid Technology Historic Market Size by Region (2019-2024)
        2.2.3 Microgrid Technology Forecasted Market Size by Region (2025-2030)
    2.3 Microgrid Technology Market Dynamics
        2.3.1 Microgrid Technology Industry Trends
        2.3.2 Microgrid Technology Market Drivers
        2.3.3 Microgrid Technology Market Challenges
        2.3.4 Microgrid Technology Market Restraints

 3 Competition Landscape by Key Players
    3.1 Global Top Microgrid Technology Players by Revenue
        3.1.1 Global Top Microgrid Technology Players by Revenue (2019-2024)
        3.1.2 Global Microgrid Technology Revenue Market Share by Players (2019-2024)
    3.2 Global Microgrid Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    3.3 Players Covered: Ranking by Microgrid Technology Revenue
    3.4 Global Microgrid Technology Market Concentration Ratio
        3.4.1 Global Microgrid Technology Market Concentration Ratio (CR5 and HHI)
        3.4.2 Global Top 10 and Top 5 Companies by Microgrid Technology Revenue in 2023
    3.5 Microgrid Technology Key Players Head office and Area Served
    3.6 Key Players Microgrid Technology Product Solution and Service
    3.7 Date of Enter into Microgrid Technology Market
    3.8 Mergers & Acquisitions, Expansion Plans

 4 Microgrid Technology Breakdown Data by Type
    4.1 Global Microgrid Technology Historic Market Size by Type (2019-2024)
    4.2 Global Microgrid Technology Forecasted Market Size by Type (2025-2030)

 5 Microgrid Technology Breakdown Data by Application
    5.1 Global Microgrid Technology Historic Market Size by Application (2019-2024)
    5.2 Global Microgrid Technology Forecasted Market Size by Application (2025-2030)

 6 North America
    6.1 North America Microgrid Technology Market Size (2019-2030)
    6.2 North America Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
    6.3 North America Microgrid Technology Market Size by Country (2019-2024)
    6.4 North America Microgrid Technology Market Size by Country (2025-2030)
    6.5 United States
    6.6 Canada

 7 Europe
    7.1 Europe Microgrid Technology Market Size (2019-2030)
    7.2 Europe Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
    7.3 Europe Microgrid Technology Market Size by Country (2019-2024)
    7.4 Europe Microgrid Technology 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 Technology Market Size (2019-2030)
    8.2 Asia-Pacific Microgrid Technology Market Growth Rate by Region: 2019 VS 2023 VS 2030
    8.3 Asia-Pacific Microgrid Technology Market Size by Region (2019-2024)
    8.4 Asia-Pacific Microgrid Technology 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 Technology Market Size (2019-2030)
    9.2 Latin America Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
    9.3 Latin America Microgrid Technology Market Size by Country (2019-2024)
    9.4 Latin America Microgrid Technology Market Size by Country (2025-2030)
    9.5 Mexico
    9.6 Brazil

 10 Middle East & Africa
    10.1 Middle East & Africa Microgrid Technology Market Size (2019-2030)
    10.2 Middle East & Africa Microgrid Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
    10.3 Middle East & Africa Microgrid Technology Market Size by Country (2019-2024)
    10.4 Middle East & Africa Microgrid Technology 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 Technology Introduction
        11.1.4 ABB Revenue in Microgrid Technology Business (2019-2024)
        11.1.5 ABB Recent Development
    11.2 GE
        11.2.1 GE Company Detail
        11.2.2 GE Business Overview
        11.2.3 GE Microgrid Technology Introduction
        11.2.4 GE Revenue in Microgrid Technology Business (2019-2024)
        11.2.5 GE Recent Development
    11.3 Echelon
        11.3.1 Echelon Company Detail
        11.3.2 Echelon Business Overview
        11.3.3 Echelon Microgrid Technology Introduction
        11.3.4 Echelon Revenue in Microgrid Technology Business (2019-2024)
        11.3.5 Echelon Recent Development
    11.4 S&C Electric
        11.4.1 S&C Electric Company Detail
        11.4.2 S&C Electric Business Overview
        11.4.3 S&C Electric Microgrid Technology Introduction
        11.4.4 S&C Electric Revenue in Microgrid Technology Business (2019-2024)
        11.4.5 S&C Electric Recent Development
    11.5 Siemens
        11.5.1 Siemens Company Detail
        11.5.2 Siemens Business Overview
        11.5.3 Siemens Microgrid Technology Introduction
        11.5.4 Siemens Revenue in Microgrid Technology Business (2019-2024)
        11.5.5 Siemens Recent Development
    11.6 General Microgrids
        11.6.1 General Microgrids Company Detail
        11.6.2 General Microgrids Business Overview
        11.6.3 General Microgrids Microgrid Technology Introduction
        11.6.4 General Microgrids Revenue in Microgrid Technology Business (2019-2024)
        11.6.5 General Microgrids Recent Development
    11.7 Microgrid Solar
        11.7.1 Microgrid Solar Company Detail
        11.7.2 Microgrid Solar Business Overview
        11.7.3 Microgrid Solar Microgrid Technology Introduction
        11.7.4 Microgrid Solar Revenue in Microgrid Technology Business (2019-2024)
        11.7.5 Microgrid Solar Recent Development
    11.8 Raytheon
        11.8.1 Raytheon Company Detail
        11.8.2 Raytheon Business Overview
        11.8.3 Raytheon Microgrid Technology Introduction
        11.8.4 Raytheon Revenue in Microgrid Technology Business (2019-2024)
        11.8.5 Raytheon 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 Technology Introduction
        11.9.4 Sunverge Energy Revenue in Microgrid Technology Business (2019-2024)
        11.9.5 Sunverge Energy Recent Development
    11.10 Toshiba
        11.10.1 Toshiba Company Detail
        11.10.2 Toshiba Business Overview
        11.10.3 Toshiba Microgrid Technology Introduction
        11.10.4 Toshiba Revenue in Microgrid Technology Business (2019-2024)
        11.10.5 Toshiba Recent Development
    11.11 NEC
        11.11.1 NEC Company Detail
        11.11.2 NEC Business Overview
        11.11.3 NEC Microgrid Technology Introduction
        11.11.4 NEC Revenue in Microgrid Technology Business (2019-2024)
        11.11.5 NEC Recent Development
    11.12 Aquion Energy
        11.12.1 Aquion Energy Company Detail
        11.12.2 Aquion Energy Business Overview
        11.12.3 Aquion Energy Microgrid Technology Introduction
        11.12.4 Aquion Energy Revenue in Microgrid Technology Business (2019-2024)
        11.12.5 Aquion Energy Recent Development
    11.13 EnStorage
        11.13.1 EnStorage Company Detail
        11.13.2 EnStorage Business Overview
        11.13.3 EnStorage Microgrid Technology Introduction
        11.13.4 EnStorage Revenue in Microgrid Technology Business (2019-2024)
        11.13.5 EnStorage Recent Development
    11.14 SGCC
        11.14.1 SGCC Company Detail
        11.14.2 SGCC Business Overview
        11.14.3 SGCC Microgrid Technology Introduction
        11.14.4 SGCC Revenue in Microgrid Technology Business (2019-2024)
        11.14.5 SGCC Recent Development
    11.15 Moixa
        11.15.1 Moixa Company Detail
        11.15.2 Moixa Business Overview
        11.15.3 Moixa Microgrid Technology Introduction
        11.15.4 Moixa Revenue in Microgrid Technology Business (2019-2024)
        11.15.5 Moixa Recent Development
    11.16 EnSync
        11.16.1 EnSync Company Detail
        11.16.2 EnSync Business Overview
        11.16.3 EnSync Microgrid Technology Introduction
        11.16.4 EnSync Revenue in Microgrid Technology Business (2019-2024)
        11.16.5 EnSync Recent Development
    11.17 Ampard
        11.17.1 Ampard Company Detail
        11.17.2 Ampard Business Overview
        11.17.3 Ampard Microgrid Technology Introduction
        11.17.4 Ampard Revenue in Microgrid Technology Business (2019-2024)
        11.17.5 Ampard Recent Development
    11.18 Green Energy Corp
        11.18.1 Green Energy Corp Company Detail
        11.18.2 Green Energy Corp Business Overview
        11.18.3 Green Energy Corp Microgrid Technology Introduction
        11.18.4 Green Energy Corp Revenue in Microgrid Technology Business (2019-2024)
        11.18.5 Green Energy Corp Recent Development
    11.19 Growing Energy Labs Inc
        11.19.1 Growing Energy Labs Inc Company Detail
        11.19.2 Growing Energy Labs Inc Business Overview
        11.19.3 Growing Energy Labs Inc Microgrid Technology Introduction
        11.19.4 Growing Energy Labs Inc Revenue in Microgrid Technology Business (2019-2024)
        11.19.5 Growing Energy Labs Inc Recent Development
    11.20 HOMER Energy
        11.20.1 HOMER Energy Company Detail
        11.20.2 HOMER Energy Business Overview
        11.20.3 HOMER Energy Microgrid Technology Introduction
        11.20.4 HOMER Energy Revenue in Microgrid Technology Business (2019-2024)
        11.20.5 HOMER Energy Recent Development
    11.21 Spirae
        11.21.1 Spirae Company Detail
        11.21.2 Spirae Business Overview
        11.21.3 Spirae Microgrid Technology Introduction
        11.21.4 Spirae Revenue in Microgrid Technology Business (2019-2024)
        11.21.5 Spirae 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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