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Microgrid Technology-Global Market Insights and Sales Trends 2024
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 size is expected to reach US$ 49220 million by 2029, growing at a CAGR of 13.9% from 2023 to 2029. The market is mainly driven by the significant applications of Microgrid Technology in various end use industries. The expanding demands from the Commercial/Industrial, Community/Utility, Campus/Institutional and Military, are propelling Microgrid Technology market. Grid-Tied Type Microgrid, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Independent Type Microgrid segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microgrid Technology, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microgrid Technology market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microgrid Technology market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microgrid Technology sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microgrid Technology covered in this report include ABB, GE, Echelon, S&C Electric, Siemens, General Microgrids, Microgrid Solar, Raytheon and Sunverge Energy, etc.
The global Microgrid Technology market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Microgrid Technology market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microgrid Technology market, Segment by Type:
Grid-Tied Type Microgrid
Independent Type Microgrid
Global Microgrid Technology market, by Application
Commercial/Industrial
Community/Utility
Campus/Institutional
Military
Remote
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Microgrid Technology companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
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 size is expected to reach US$ 49220 million by 2029, growing at a CAGR of 13.9% from 2023 to 2029. The market is mainly driven by the significant applications of Microgrid Technology in various end use industries. The expanding demands from the Commercial/Industrial, Community/Utility, Campus/Institutional and Military, are propelling Microgrid Technology market. Grid-Tied Type Microgrid, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Independent Type Microgrid segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Microgrid Technology, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Microgrid Technology market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Microgrid Technology market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Microgrid Technology sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Microgrid Technology covered in this report include ABB, GE, Echelon, S&C Electric, Siemens, General Microgrids, Microgrid Solar, Raytheon and Sunverge Energy, etc.
The global Microgrid Technology market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Microgrid Technology market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Microgrid Technology market, Segment by Type:
Grid-Tied Type Microgrid
Independent Type Microgrid
Global Microgrid Technology market, by Application
Commercial/Industrial
Community/Utility
Campus/Institutional
Military
Remote
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Microgrid Technology companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Microgrid Technology
1.1 Microgrid Technology Market Overview
1.1.1 Microgrid Technology Product Scope
1.1.2 Microgrid Technology Market Status and Outlook
1.2 Global Microgrid Technology Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Microgrid Technology Market Size by Region (2018-2029)
1.4 Global Microgrid Technology Historic Market Size by Region (2018-2023)
1.5 Global Microgrid Technology Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Microgrid Technology Market Size (2018-2029)
1.6.1 North America Microgrid Technology Market Size (2018-2029)
1.6.2 Europe Microgrid Technology Market Size (2018-2029)
1.6.3 Asia-Pacific Microgrid Technology Market Size (2018-2029)
1.6.4 Latin America Microgrid Technology Market Size (2018-2029)
1.6.5 Middle East & Africa Microgrid Technology Market Size (2018-2029)
2 Microgrid Technology Market by Type
2.1 Introduction
2.1.1 Grid-Tied Type Microgrid
2.1.2 Independent Type Microgrid
2.2 Global Microgrid Technology Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Microgrid Technology Historic Market Size by Type (2018-2023)
2.2.2 Global Microgrid Technology Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Microgrid Technology Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Microgrid Technology Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Microgrid Technology Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Microgrid Technology Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Microgrid Technology Revenue Breakdown by Type (2018-2029)
3 Microgrid Technology Market Overview by Application
3.1 Introduction
3.1.1 Commercial/Industrial
3.1.2 Community/Utility
3.1.3 Campus/Institutional
3.1.4 Military
3.1.5 Remote
3.1.6 Others
3.2 Global Microgrid Technology Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Microgrid Technology Historic Market Size by Application (2018-2023)
3.2.2 Global Microgrid Technology Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Microgrid Technology Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Microgrid Technology Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Microgrid Technology Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Microgrid Technology Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Microgrid Technology Revenue Breakdown by Application (2018-2029)
4 Microgrid Technology Competition Analysis by Players
4.1 Global Microgrid Technology Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Microgrid Technology as of 2022)
4.3 Date of Key Players Enter into Microgrid Technology Market
4.4 Global Top Players Microgrid Technology Headquarters and Area Served
4.5 Key Players Microgrid Technology Product Solution and Service
4.6 Competitive Status
4.6.1 Microgrid Technology Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Microgrid Technology Products, Services and Solutions
5.1.4 ABB Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 GE
5.2.1 GE Profile
5.2.2 GE Main Business
5.2.3 GE Microgrid Technology Products, Services and Solutions
5.2.4 GE Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.2.5 GE Recent Developments
5.3 Echelon
5.3.1 Echelon Profile
5.3.2 Echelon Main Business
5.3.3 Echelon Microgrid Technology Products, Services and Solutions
5.3.4 Echelon Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.3.5 S&C Electric Recent Developments
5.4 S&C Electric
5.4.1 S&C Electric Profile
5.4.2 S&C Electric Main Business
5.4.3 S&C Electric Microgrid Technology Products, Services and Solutions
5.4.4 S&C Electric Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.4.5 S&C Electric Recent Developments
5.5 Siemens
5.5.1 Siemens Profile
5.5.2 Siemens Main Business
5.5.3 Siemens Microgrid Technology Products, Services and Solutions
5.5.4 Siemens Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.5.5 Siemens Recent Developments
5.6 General Microgrids
5.6.1 General Microgrids Profile
5.6.2 General Microgrids Main Business
5.6.3 General Microgrids Microgrid Technology Products, Services and Solutions
5.6.4 General Microgrids Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.6.5 General Microgrids Recent Developments
5.7 Microgrid Solar
5.7.1 Microgrid Solar Profile
5.7.2 Microgrid Solar Main Business
5.7.3 Microgrid Solar Microgrid Technology Products, Services and Solutions
5.7.4 Microgrid Solar Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.7.5 Microgrid Solar Recent Developments
5.8 Raytheon
5.8.1 Raytheon Profile
5.8.2 Raytheon Main Business
5.8.3 Raytheon Microgrid Technology Products, Services and Solutions
5.8.4 Raytheon Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.8.5 Raytheon Recent Developments
5.9 Sunverge Energy
5.9.1 Sunverge Energy Profile
5.9.2 Sunverge Energy Main Business
5.9.3 Sunverge Energy Microgrid Technology Products, Services and Solutions
5.9.4 Sunverge Energy Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.9.5 Sunverge Energy Recent Developments
5.10 Toshiba
5.10.1 Toshiba Profile
5.10.2 Toshiba Main Business
5.10.3 Toshiba Microgrid Technology Products, Services and Solutions
5.10.4 Toshiba Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.10.5 Toshiba Recent Developments
5.11 NEC
5.11.1 NEC Profile
5.11.2 NEC Main Business
5.11.3 NEC Microgrid Technology Products, Services and Solutions
5.11.4 NEC Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.11.5 NEC Recent Developments
5.12 Aquion Energy
5.12.1 Aquion Energy Profile
5.12.2 Aquion Energy Main Business
5.12.3 Aquion Energy Microgrid Technology Products, Services and Solutions
5.12.4 Aquion Energy Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.12.5 Aquion Energy Recent Developments
5.13 EnStorage
5.13.1 EnStorage Profile
5.13.2 EnStorage Main Business
5.13.3 EnStorage Microgrid Technology Products, Services and Solutions
5.13.4 EnStorage Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.13.5 EnStorage Recent Developments
5.14 SGCC
5.14.1 SGCC Profile
5.14.2 SGCC Main Business
5.14.3 SGCC Microgrid Technology Products, Services and Solutions
5.14.4 SGCC Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.14.5 SGCC Recent Developments
5.15 Moixa
5.15.1 Moixa Profile
5.15.2 Moixa Main Business
5.15.3 Moixa Microgrid Technology Products, Services and Solutions
5.15.4 Moixa Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.15.5 Moixa Recent Developments
5.16 EnSync
5.16.1 EnSync Profile
5.16.2 EnSync Main Business
5.16.3 EnSync Microgrid Technology Products, Services and Solutions
5.16.4 EnSync Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.16.5 EnSync Recent Developments
5.17 Ampard
5.17.1 Ampard Profile
5.17.2 Ampard Main Business
5.17.3 Ampard Microgrid Technology Products, Services and Solutions
5.17.4 Ampard Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.17.5 Ampard Recent Developments
5.18 Green Energy Corp
5.18.1 Green Energy Corp Profile
5.18.2 Green Energy Corp Main Business
5.18.3 Green Energy Corp Microgrid Technology Products, Services and Solutions
5.18.4 Green Energy Corp Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.18.5 Green Energy Corp Recent Developments
5.19 Growing Energy Labs Inc
5.19.1 Growing Energy Labs Inc Profile
5.19.2 Growing Energy Labs Inc Main Business
5.19.3 Growing Energy Labs Inc Microgrid Technology Products, Services and Solutions
5.19.4 Growing Energy Labs Inc Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.19.5 Growing Energy Labs Inc Recent Developments
5.20 HOMER Energy
5.20.1 HOMER Energy Profile
5.20.2 HOMER Energy Main Business
5.20.3 HOMER Energy Microgrid Technology Products, Services and Solutions
5.20.4 HOMER Energy Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.20.5 HOMER Energy Recent Developments
5.21 Spirae
5.21.1 Spirae Profile
5.21.2 Spirae Main Business
5.21.3 Spirae Microgrid Technology Products, Services and Solutions
5.21.4 Spirae Microgrid Technology Revenue (US$ Million) & (2018-2023)
5.21.5 Spirae Recent Developments
6 North America
6.1 North America Microgrid Technology Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Microgrid Technology Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Microgrid Technology Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Microgrid Technology Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Microgrid Technology Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Microgrid Technology Market Dynamics
11.1 Microgrid Technology Industry Trends
11.2 Microgrid Technology Market Drivers
11.3 Microgrid Technology Market Challenges
11.4 Microgrid Technology Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
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