Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 43.60 Billion | USD 179.12 Billion | 17% | 2023 |
List of Figures
FIG. 1 Global Microgrid Market, 2015-2025 (USD Billion)
FIG. 2 Global Microgrid Market Share, by Grid Type, 2018 & 2025 (USD Billion)
FIG. 3 Global DC Microgrid Microgrid Market, 2015-2025 (USD Billion)
FIG. 4 Global AC Microgrid Microgrid Market, 2015-2025 (USD Billion)
FIG. 5 Global Microgrid Market Share, by Connectivity, 2018 & 2025 (USD Billion)
FIG. 6 Global Off-Grid Microgrid Market, 2015-2025 (USD Billion)
FIG. 7 Global Grid Connected Microgrid Market, 2015-2025 (USD Billion)
FIG. 8 Global Microgrid Market Share, by Storage, 2018 & 2025 (USD Billion)
FIG. 9 Global Lead Acid Microgrid Market, 2015-2025 (USD Billion)
FIG. 10 Global Lithium-ion Microgrid Market, 2015-2025 (USD Billion)
FIG. 11 Global Flywheel Microgrid Market, 2015-2025 (USD Billion)
FIG. 12 Global Flow Batteries Microgrid Market, 2015-2025 (USD Billion)
FIG. 13 Global Others Microgrid Market, 2015-2025 (USD Billion)
FIG. 14 Global Microgrid Market Share, by Power Source, 2018 & 2025 (USD Billion)
FIG. 15 Global Natural Gas Microgrid Market, 2015-2025 (USD Billion)
FIG. 16 Global Diesel Generator Microgrid Market, 2015-2025 (USD Billion)
FIG. 17 Global Solar PV Microgrid Market, 2015-2025 (USD Billion)
FIG. 18 Global CHP Microgrid Market, 2015-2025 (USD Billion)
FIG. 19 Global Others Microgrid Market, 2015-2025 (USD Billion)
FIG. 20 Global Microgrid Market Share, by Application, 2018 & 2025 (USD Billion)
FIG. 21 Global Utility Microgrid Market, 2015-2025 (USD Billion)
FIG. 22 Global Military Microgrid Market, 2015-2025 (USD Billion)
FIG. 23 Global Educational Institutes Microgrid Market, 2015-2025 (USD Billion)
FIG. 24 Global Healthcare Microgrid Market, 2015-2025 (USD Billion)
FIG. 25 Global Remote Microgrid Market, 2015-2025 (USD Billion)
FIG. 26 Global Industrial/Commercial Microgrid Market, 2015-2025 (USD Billion)
FIG. 27 Global Others Microgrid Market, 2015-2025 (USD Billion)
FIG. 28 Global Microgrid Market Share, by Region, 2018 & 2025
FIG. 29 North America Microgrid Market, 2015-2025
FIG. 30 U.S. Microgrid Market, 2015-2025
FIG. 31 Canada Microgrid Market, 2015-2025
FIG. 32 Europe Microgrid Market, 2015-2025
FIG. 33 Germany Microgrid Market, 2015-2025
FIG. 34 France Microgrid Market, 2015-2025
FIG. 35 U.K. Microgrid Market, 2015-2025
FIG. 36 Rest of Europe Microgrid Market, 2015-2025
FIG. 37 Asia Pacific Microgrid Market, 2015-2025
FIG. 38 China Microgrid Market, 2015-2025
FIG. 39 Japan Microgrid Market, 2015-2025
FIG. 40 India Microgrid Market, 2015-2025
FIG. 41 Rest of Asia Pacific Microgrid Market, 2015-2025
FIG. 42 Latin America Microgrid Market, 2015-2025
FIG. 43 Brazil Microgrid Market, 2015-2025
FIG. 44 Rest of Latin America Microgrid Market, 2015-2025
FIG. 45 The Middle-East and Africa Microgrid Market, 2015-2025
FIG. 46 Competitor Market Share – Revenue
FIG. 47 Schneider Electric SE Revenue and Growth Rate
FIG. 48 Schneider Electric SE Market Share
FIG. 49 Lockheed Martin Corporation Revenue and Growth Rate
FIG. 50 Lockheed Martin Corporation Market Share
FIG. 51 Toshiba Corporation Revenue and Growth Rate
FIG. 52 Toshiba Corporation Market Share
FIG. 53 Eaton Corporation Revenue and Growth Rate
FIG. 54 Eaton Corporation Market Share
FIG. 55 Homer Energy LLC Revenue and Growth Rate
FIG. 56 Homer Energy LLC Market Share
FIG. 57 Viridity Energy Inc. Revenue and Growth Rate
FIG. 58 Viridity Energy Inc. Market Share
FIG. 59 GE Alstom Revenue and Growth Rate
FIG. 60 GE Alstom Market Share
FIG. 61 Exelon Corporation Revenue and Growth Rate
FIG. 62 Exelon Corporation Market Share
FIG. 63 Caterpillar Inc. Revenue and Growth Rate
FIG. 64 Caterpillar Inc. Market Share
FIG. 65 Honeywell International Revenue and Growth Rate
FIG. 66 Honeywell International Market Share
FIG. 67 Tesla Revenue and Growth Rate
FIG. 68 Tesla Market Share
FIG. 69 Siemens AG Revenue and Growth Rate
FIG. 70 Siemens AG Market Share
FIG. 71 Hitachi Revenue and Growth Rate
FIG. 72 Hitachi Market Share
FIG. 73 ABB Revenue and Growth Rate
FIG. 74 ABB Market Share
FIG. 75 EnSync Energy Systems Revenue and Growth Rate
FIG. 76 EnSync Energy Systems Market Share
FIG. 77 Advanced Microgrid Solutions Revenue and Growth Rate
FIG. 78 Advanced Microgrid Solutions Market Share
FIG. 79 Market Dynamics
FIG. 80 Global Microgrid – Value Chain Analysis
FIG. 81 Technology Roadmap and Timeline
FIG. 82 Market Attractiveness Analysis – By Grid Type
FIG. 83 Market Attractiveness Analysis – By Connectivity
FIG. 84 Market Attractiveness Analysis – By Storage
FIG. 85 Market Attractiveness Analysis – By Power Source
FIG. 86 Market Attractiveness Analysis – By Application
FIG. 87 Market Attractiveness Analysis – By Region
FIG. 88 Market Channel
FIG. 89 Marketing Channel Development Trend
FIG. 90 Growth in World Gross Product, 2008-2018
List of Tables
TABLE 1 Global Microgrid Market, 2018 & 2025 (USD Billion)
TABLE 2 Global Microgrid market, by Grid Type, 2015-2025 (USD Billion)
TABLE 3 Global Microgrid market, by Connectivity, 2015-2025 (USD Billion)
TABLE 4 Global Microgrid market, by Storage, 2015-2025 (USD Billion)
TABLE 5 Global Microgrid market, by Power Source, 2015-2025 (USD Billion)
TABLE 6 Global Microgrid market, by Application, 2015-2025 (USD Billion)
TABLE 7 Global Microgrid market, by Region, 2015-2025 (USD Billion)
TABLE 8 North America Microgrid Market, by Grid Type, 2015-2025 (USD Billion)
TABLE 9 North America Microgrid Market, by Connectivity, 2015-2025 (USD Billion)
TABLE 10 North America Microgrid Market, by Storage, 2015-2025 (USD Billion)
TABLE 11 North America Microgrid Market, by Power Source, 2015-2025 (USD Billion)
TABLE 12 North America Microgrid Market, by Application, 2015-2025 (USD Billion)
TABLE 13 Europe Microgrid Market, by Grid Type, 2015-2025 (USD Billion)
TABLE 14 Europe Microgrid Market, by Connectivity, 2015-2025 (USD Billion)
TABLE 15 Europe Microgrid Market, by Storage, 2015-2025 (USD Billion)
TABLE 16 Europe Microgrid Market, by Power Source, 2015-2025 (USD Billion)
TABLE 17 Europe Microgrid Market, by Application, 2015-2025 (USD Billion)
TABLE 18 Asia Pacific Microgrid Market, by Grid Type, 2015-2025 (USD Billion)
TABLE 19 Asia Pacific Microgrid Market, by Connectivity, 2015-2025 (USD Billion)
TABLE 20 Asia Pacific Microgrid Market, by Storage, 2015-2025 (USD Billion)
TABLE 21 Asia Pacific Microgrid Market, by Power Source, 2015-2025 (USD Billion)
TABLE 22 Asia Pacific Microgrid Market, by Application, 2015-2025 (USD Billion)
TABLE 23 Latin America Microgrid Market, by Grid Type, 2015-2025 (USD Billion)
TABLE 24 Latin America Microgrid Market, by Connectivity, 2015-2025 (USD Billion)
TABLE 25 Latin America Microgrid Market, by Storage, 2015-2025 (USD Billion)
TABLE 26 Latin America Microgrid Market, by Power Source, 2015-2025 (USD Billion)
TABLE 27 Latin America Microgrid Market, by Application, 2015-2025 (USD Billion)
TABLE 28 The Middle-East and Africa Microgrid Market, by Grid Type, 2015-2025 (USD Billion)
TABLE 29 The Middle-East and Africa Microgrid Market, by Connectivity, 2015-2025 (USD Billion)
TABLE 30 The Middle-East and Africa Microgrid Market, by Storage, 2015-2025 (USD Billion)
TABLE 31 The Middle-East and Africa Microgrid Market, by Power Source, 2015-2025 (USD Billion)
TABLE 32 The Middle-East and Africa Microgrid Market, by Application, 2015-2025 (USD Billion)
TABLE 33 Global Microgrid Market - Company Revenue Analysis 2015-2019 (USD Billion)
TABLE 34 Global Microgrid Market - Company Revenue Share Analysis 2015-2019(%)
TABLE 35 Acquisitions and Mergers
TABLE 36 New Product/Service Launch
TABLE 37 Research & Development Activities
TABLE 38 Market Drivers
TABLE 39 Market Restraints
TABLE 40 Market Opportunities
FrequentlyAsked Questions
A microgrid is a localized energy system that consists of distributed energy sources, energy storage systems, and control systems, all integrated to operate independently or in conjunction with the main power grid. Microgrids are designed to provide reliable and efficient energy supply to a specific area, such as a community, campus, industrial facility, or military base, while also offering the flexibility to operate autonomously or connect to the larger grid when needed.
The growth of the microgrid market can be influenced by a combination of technological advancements, energy industry trends, regulatory changes, environmental concerns, and economic factors.
According to a report from Zion Market Research, the global Microgrid Market was valued at USD 43.60 Billion in 2023 and is projected to hit USD 179.12 Billion by 2032
the microgrid market proliferating at a CAGR of nearly 17% between 2024 and 2032.
The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the essential players flourishing the global microgrid market, but not restricted to include Schneider Electric SE, Lockheed Martin Corporation, Toshiba Corporation, Eaton Corporation, Homer Energy LLC, Viridity Energy Inc., GE Alstom, Exelon Corporation, Caterpillar Inc., Honeywell International, Tesla, Siemens AG, Hitachi, ABB, EnSync Energy Systems, and Advanced Microgrid Solutions.
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