March 4, 2024

Microgrid Market Size Analysis 2022 To 2030

The global microgrid market size accounted for US$ 26.3 Bn in 2021 and is projected to reach around USD 85.7 Bn by 2030, growing at a CAGR of 14.03% from 2022 to 2030.

Microgrid Market Size 2022 To 2030

Report Summary

The global microgrid market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the microgrid market across the globe.

A comprehensive estimate on the microgrid market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of microgrid during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Microgrid Market Scope 

Report CoverageDetails
Market Size in 2022USD 29.99 Billion
Market Size by 2030USD 85.7 Billion
Growth Rate from 2022 to 2030CAGR of 14.03%
Largest MarketNorth America
Fastest Growing MarketAsia Pacific
Base Year2021
Forecast Period2022 to 2030

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized microgrid market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Active Packaging Market Size Analysis 2022 To 2030

Microgrid Market Players

The report includes the profiles of key microgrid market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • 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 Segmentation

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)

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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