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.
Microgrid Market contains market size and forecasts of Microgrid in Global, including the following market information:
- Global Microgrid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Microgrid market was valued at 29580 million in 2021 and is projected to reach US$ 62300 million by 2028, at a CAGR of 11.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Grid-Tied Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Microgrid include ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, SandC Electric Co, Eaton Corporation and Sunverge Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Microgrid companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Microgrid Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Microgrid Market Segment Percentages, by Type, 2021 (%)
Global Microgrid Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Microgrid Market Segment Percentages, by Application, 2021 (%)
- Commercial or Industrial Microgrid
- Community or Utility Microgrid
- Campus or Institutional Microgrid
- Military Microgrid
- Remote Microgrid
Global Microgrid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Microgrid Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Microgrid revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Microgrid revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- ABB
- NEC
- GE
- Aquion Energy
- Echelon
- Raytheon
- SandC Electric Co
- Eaton Corporation
- Sunverge Energy
- Siemens
- Toshiba
- General Microgrids
- Lockheed Martin
Industry Market Size
