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. According to our (Global Info Research) latest study, the global Microgrid Technology market size was valued at USD 20160 million in 2022 and is forecast to a readjusted size of USD 48320 million by 2029 with a CAGR of 13.3% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. 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 is a detailed and comprehensive analysis for global Microgrid Technology market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided. Key Features: Global Microgrid Technology market size and forecasts, in consumption value ($ Million), 2018-2029 Global Microgrid Technology market size and forecasts by region and country, in consumption value ($ Million), 2018-2029 Global Microgrid Technology market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029 Global Microgrid Technology market shares of main players, in revenue ($ Million), 2018-2023 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for Microgrid Technology To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global Microgrid Technology market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, GE, Echelon, S&C Electric and Siemens, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market segmentation Microgrid Technology market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Type Grid-Tied Type Microgrid Independent Type Microgrid Market segment by Application Commercial/Industrial Community/Utility Campus/Institutional Military Remote Others Market segment by players, this report covers 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 Market segment by regions, regional analysis covers North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific) South America (Brazil, Argentina and Rest of South America) Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa) The content of the study subjects, includes a total of 13 chapters: Chapter 1, to describe Microgrid Technology product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top players of Microgrid Technology, with revenue, gross margin and global market share of Microgrid Technology from 2018 to 2023. Chapter 3, the Microgrid Technology competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast. Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029. Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Microgrid Technology market forecast, by regions, type and application, with consumption value, from 2024 to 2029. Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War Chapter 12, the key raw materials and key suppliers, and industry chain of Microgrid Technology. Chapter 13, to describe Microgrid Technology research findings and conclusion.
1 Market Overview 1.1 Product Overview and Scope of Microgrid Technology 1.2 Market Estimation Caveats and Base Year 1.3 Classification of Microgrid Technology by Type 1.3.1 Overview: Global Microgrid Technology Market Size by Type: 2018 Versus 2022 Versus 2029 1.3.2 Global Microgrid Technology Consumption Value Market Share by Type in 2022 1.3.3 Grid-Tied Type
