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 industry’s leading manufacturers are ABB, NEC and GE, with revenues of 7.61%, 5.68% and 4.85% respectively in 2019.

Market Analysis and Insights: Global Microgrid Market

 

The global Microgrid market size is projected to reach US$ 70960 million by 2027, from US$ 27070 million in 2020, at a CAGR of 14.8% during 2021-2027.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Microgrid market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Microgrid market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Microgrid market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Microgrid market.

Global Microgrid Scope and Market Size

Microgrid market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Microgrid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

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
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia
  • Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA

By Company

  • ABB
  • NEC
  • GE
  • Aquion Energy
  • Echelon
  • Raytheon
  • S&C Electric Co
  • Eaton Corporation
  • Sunverge Energy
  • Siemens
  • Toshiba
  • General Microgrids
  • Lockheed Martin

Table of content

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Microgrid Market Size Growth Rate by Type: 2016 VS 2021 VS 2027
1.2.2 Grid-Tied
1.2.3 Independent
1.3 Market by Application
1.3.1 Global Microgrid Market Share by Application: 2016 VS 2021 VS 2027
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

2 Global Growth Trends
2.1 Global Microgrid Market Perspective (2016-2027)
2.2 Microgrid Growth Trends by Regions
2.2.1 Microgrid Market Size by Regions: 2016 VS 2021 VS 2027
2.2.2 Microgrid Historic Market Share by Regions (2016-2021)
2.2.3 Microgrid Forecasted Market Size by Regions (2022-2027)
2.3 Microgrid Industry Dynamic
2.3.1 Microgrid Market 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 (2016-2021)
3.1.2 Global Microgrid Revenue Market Share by Players (2016-2021)
3.2 Global Microgrid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Microgrid Revenue

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