by The global microgrid market size was valued at US$ 26.3 billion in 2021 and is anticipated to grow US$ 85.7 billion by 2030, registering a compound annual growth rate of 14.03% from 2022 to 2030.
The microgrid market report covering various industry elements and growth trends helpful for predicting the market’s future.
The study provides a strong base for the microgrid market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2030.
This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2022 to 2030. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the microgrid report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the microgrid market have been studied and analysed across many developments
Scope of the Microgrid Market
| Report Coverage | Details |
| Market Size in 2022 | USD 29.99 Billion |
| Market Size by 2030 | USD 85.7 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 14.03% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Also read: Ethylene Market Size to Grow US$ 287 Billion By 2030
Research Approach
The comprehensive report on the global microgrid market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global microgrid market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
Key Players
- Lockheed Martin Corporation
- ZBB Energy Corporation
- ABB Ltd.
- Consert Inc.
- Viridity Energy Inc.
- S&C Electric Company
- Chevron Energy
- Toshiba Corporation
- HOMER Energy LLC
- Honeywell International Inc.
- GE Digital Energy
- Power Analytics Corporation
- Microgrid Energy LLC
- Siemens
Market Segmentations
By Connectivity
- Grid Connected
- Off-grid Connected
By Type
- AC Microgrids
- DC Microgrids
- Hybrid
By Offering
- Hardware
- Power Generators
- Energy Storage System
- Controllers
- Software
- Services
By Power Source
- Diesel Generators
- Natural Gas
- Solar PV
- CHP
- Fuel Cell
- Others
By Storage Device
- Lithium-ion
- Lead Acid
- Flow Battery
- Flywheel
- Others
By Power Rating
- Less Than 1 MW
- 1 MW to 5 MW
- 5MW to 10 MW
- More Than 10 MW
By End-Use
- Commercial & Industrial
- Remote Areas
- Institutes & Campuses
- Healthcare
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Microgrid Market, By Connectivity
7.1. Microgrid Market, by Connectivity, 2022-2030
7.1.1. Grid Connected
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Off-grid Connected
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Microgrid Market, By Type
8.1. Microgrid Market, by Type, 2022-2030
8.1.1. AC Microgrids
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. DC Microgrids
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Hybrid
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Microgrid Market, By Offering
9.1. Microgrid Market, by Offering, 2022-2030
9.1.1. Hardware
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Software
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Services
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Microgrid Market, By Power Source
10.1. Microgrid Market, by Power Source, 2022-2030
10.1.1. Diesel Generators
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Natural Gas
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Solar PV
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. CHP
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Fuel Cell
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Microgrid Market, By Storage Device
11.1. Microgrid Market, by Storage Device, 2022-2030
11.1.1. Lithium-ion
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Lead Acid
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Flow Battery
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Flywheel
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Microgrid Market, By Power Rating
12.1. Microgrid Market, by Power Rating, 2022-2030
12.1.1. Less Than 1 MW
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. 1 MW to 5 MW
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. 5MW to 10 MW
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. More Than 10 MW
12.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Microgrid Market, By End-Use
13.1. Microgrid Market, by End-Use, 2022-2030
13.1.1. Commercial & Industrial
13.1.1.1. Market Revenue and Forecast (2017-2030)
13.1.2. Remote Areas
13.1.2.1. Market Revenue and Forecast (2017-2030)
13.1.3. Institutes & Campuses
13.1.3.1. Market Revenue and Forecast (2017-2030)
13.1.4. Healthcare
13.1.4.1. Market Revenue and Forecast (2017-2030)
13.1.5. Others
13.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 14. Global Microgrid Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.1.2. Market Revenue and Forecast, by Type (2017-2030)
14.1.3. Market Revenue and Forecast, by Offering (2017-2030)
14.1.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.1.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.1.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.1.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.1.8. U.S.
14.1.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.1.8.2. Market Revenue and Forecast, by Type (2017-2030)
14.1.8.3. Market Revenue and Forecast, by Offering (2017-2030)
14.1.8.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.1.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.1.8.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.1.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.1.9.2. Market Revenue and Forecast, by Type (2017-2030)
14.1.9.3. Market Revenue and Forecast, by Offering (2017-2030)
14.1.9.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.1.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.1.9.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.1.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.2. Europe
14.2.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.2. Market Revenue and Forecast, by Type (2017-2030)
14.2.3. Market Revenue and Forecast, by Offering (2017-2030)
14.2.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.2.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.2.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.2.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.8.2. Market Revenue and Forecast, by Type (2017-2030)
14.2.8.3. Market Revenue and Forecast, by Offering (2017-2030)
14.2.8.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.2.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.2.8.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.2.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.2.9. Germany
14.2.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.9.2. Market Revenue and Forecast, by Type (2017-2030)
14.2.9.3. Market Revenue and Forecast, by Offering (2017-2030)
14.2.9.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.2.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.2.9.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.2.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.2.10. France
14.2.10.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.10.2. Market Revenue and Forecast, by Type (2017-2030)
14.2.10.3. Market Revenue and Forecast, by Offering (2017-2030)
14.2.10.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.2.10.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.2.10.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.2.10.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.2.11. Rest of Europe
14.2.11.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.11.2. Market Revenue and Forecast, by Type (2017-2030)
14.2.11.3. Market Revenue and Forecast, by Offering (2017-2030)
14.2.11.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.2.11.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.2.11.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.2.11.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.2. Market Revenue and Forecast, by Type (2017-2030)
14.3.3. Market Revenue and Forecast, by Offering (2017-2030)
14.3.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.3.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.3.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.3.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.3.8. India
14.3.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.8.2. Market Revenue and Forecast, by Type (2017-2030)
14.3.8.3. Market Revenue and Forecast, by Offering (2017-2030)
14.3.8.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.3.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.3.8.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.3.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.3.9. China
14.3.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.9.2. Market Revenue and Forecast, by Type (2017-2030)
14.3.9.3. Market Revenue and Forecast, by Offering (2017-2030)
14.3.9.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.3.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.3.9.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.3.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.3.10. Japan
14.3.10.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.10.2. Market Revenue and Forecast, by Type (2017-2030)
14.3.10.3. Market Revenue and Forecast, by Offering (2017-2030)
14.3.10.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.3.10.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.3.10.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.3.10.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.3.11. Rest of APAC
14.3.11.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.11.2. Market Revenue and Forecast, by Type (2017-2030)
14.3.11.3. Market Revenue and Forecast, by Offering (2017-2030)
14.3.11.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.3.11.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.3.11.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.3.11.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.2. Market Revenue and Forecast, by Type (2017-2030)
14.4.3. Market Revenue and Forecast, by Offering (2017-2030)
14.4.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.4.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.4.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.4.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.4.8. GCC
14.4.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.8.2. Market Revenue and Forecast, by Type (2017-2030)
14.4.8.3. Market Revenue and Forecast, by Offering (2017-2030)
14.4.8.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.4.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.4.8.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.4.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.4.9. North Africa
14.4.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.9.2. Market Revenue and Forecast, by Type (2017-2030)
14.4.9.3. Market Revenue and Forecast, by Offering (2017-2030)
14.4.9.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.4.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.4.9.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.4.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.4.10. South Africa
14.4.10.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.10.2. Market Revenue and Forecast, by Type (2017-2030)
14.4.10.3. Market Revenue and Forecast, by Offering (2017-2030)
14.4.10.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.4.10.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.4.10.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.4.10.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.4.11. Rest of MEA
14.4.11.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.11.2. Market Revenue and Forecast, by Type (2017-2030)
14.4.11.3. Market Revenue and Forecast, by Offering (2017-2030)
14.4.11.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.4.11.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.4.11.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.4.11.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5.2. Market Revenue and Forecast, by Type (2017-2030)
14.5.3. Market Revenue and Forecast, by Offering (2017-2030)
14.5.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.5.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.5.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.5.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.5.8. Brazil
14.5.8.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5.8.2. Market Revenue and Forecast, by Type (2017-2030)
14.5.8.3. Market Revenue and Forecast, by Offering (2017-2030)
14.5.8.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.5.8.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.5.8.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.5.8.7. Market Revenue and Forecast, by Power Rating (2017-2030)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5.9.2. Market Revenue and Forecast, by Type (2017-2030)
14.5.9.3. Market Revenue and Forecast, by Offering (2017-2030)
14.5.9.4. Market Revenue and Forecast, by Power Source (2017-2030)
14.5.9.5. Market Revenue and Forecast, by Storage Device (2017-2030)
14.5.9.6. Market Revenue and Forecast, by End-Use (2017-2030)
14.5.9.7. Market Revenue and Forecast, by Power Rating (2017-2030)
Chapter 15. Company Profiles
15.1. Lockheed Martin Corporation
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. ZBB Energy Corporation
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. ABB Ltd.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Consert Inc.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Viridity Energy Inc.
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. S&C Electric Company
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Chevron Energy
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Toshiba Corporation
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. HOMER Energy LLC
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Honeywell International Inc.
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
Why should you invest in this report?
If you are aiming to enter the global microgrid market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for microgrid are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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