The global microgrid market is projected to propagate from $XX million in 2018 to $54,544 million by 2027 at a growth rate of 11.38% CAGR during the forecasting years 2019-2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. Government investments supporting the development of the new microgrid platform are expected to support drive the market growth.
The increasing demand for power is enhancing the capacity addition of renewable energy resulting in increased adoption of the microgrids globally. Microgrids can assimilate energy generation, energy storage systems and offer controls of on-site power generation that provide electricity, cooling, and heat with exceptional advantages to the healthcare facilities.
The advancements in electronics such as miniaturization of electronic components, sensor technology, drop in the prices of communication devices coupled with the advancements in the internet network and the introduction of cloud computing has led to a seamless integration of digital control systems into the electric network, which has brought in many advancements in the microgrid systems.
The global microgrid market has been bifurcated into several segments on the basis of offerings, types, consumption patterns and verticals.
The global microgrid market has been geographically segmented into North America, Europe, Asia Pacific and the remaining countries forming the Rest of World segment. North America contributed xx% of market share in 2018 & is estimated to contribute the majority of share to remain at xx% in 2027. Government & utilities, military, healthcare, education, industrial, etc. are some of the vertical segments that have various application for the microgrids in the North American region.
Market share analysis along with company profiles of the prominent market players are discussed in detail. Most of the companies are looking for strategies such as merger & acquisition, partnership, contracts, agreements, new product launch, to gain a competitive edge over other companies. Siemens AG, Power Engineers Incorporated, Eaton Corporation PLC, ABB Ltd., General Electric, Duke Energy Corporation, Princeton Power Systems, Fairbanks Morse, S&C Electric Company, National Grid, Fuelcell Energy Inc., Hitachi Ltd., Schneider Electric, NRG Energy Inc. and Exelon Corporation are the major companies operating in the global market.
Global Microgrid Market Forecast 2019-2027
Table of Contents
1. Research Scope
1.1. Study Goals
1.2. Scope of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Regulations On Greenhouse Gas Emission Across The World
3.2.2. Benefits of Using Microgrid Technology
3.2.3. Collaborations For Enhancements In Microgrid Technology
3.2.4. Government & Utilities Segment Witness The Robust Growth
3.2.5. India Is An Evolving Center For Microgrids
3.2.6. Usage of Microgrids In Hospitals
3.2.7. Investments In Microgrids
4. Market Dynamics
4.1. Etymology of Microgrid Market
4.2. Market Scope & Definition
4.3. Market Drivers
4.3.1. Increase In Demand For Electricity Worldwide
4.3.2. Investments In Clean Energy Is Rising Rapidly
4.3.3. Rapid Increase In Demand of Clean Energy Storage Systems
4.4. Market Restraints
4.4.1. High Cost of Maintenance & Installation Hinders The Usage of Microgrids
4.4.2. Stringent Policies, Regulations, And Standards Related To Microgrids Across The World
4.5. Market Opportunities
4.5.1. Usage of Internet of Things In Microgrids
4.5.2. Increasing Electrification Projects Across Emerging Economies
4.5.3. Smart City Initiatives
4.6. Market Challenges
4.6.1. Difficulties In Planning, Designing, And Implementation of A Large Size Microgrid
4.6.2. Lack of Training Is A Major Barriers For The Long-Term Sustainability of Microgrids
5. Market By Offerings
6. Market By Types
6.1. Grid Connected
7. Market By Consumption Patterns
8. Market By Verticals
8.5. Government & Utilities
9. Key Analytics
9.1. Porter's Five Force Model
9.1.1. Threat of New Entrants
9.1.2. Threat of Substitute
9.1.3. Bargaining Power of Suppliers
9.1.4. Bargaining Power of Buyers
9.1.5. Threat of Competitive Rivalry
9.2. Opportunity Matrix
9.3. Vendor Landscape
9.3.1. Legal, Policy & Regulatory Framework
10. Geographical Analysis
10.1. North America
10.1.1. United States
10.2.1. United Kingdom
10.2.7. Rest of Europe
10.3. Asia Pacific
10.3.5. South Korea
10.3.6. Rest of Asia Pacific
10.4. Rest of World
10.4.1. Latin America
10.4.2. Middle East & Africa
11. Competitive Landscape
11.1. Key Company Analysis
11.1.1. Ge Electric
11.1.2. Siemens Ag
11.1.4. Abb Ltd.
11.1.5. Schneider Electric
11.2. Company Profiles
11.2.1. Abb Ltd.
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
11.2.2. Duke Energy Corporation
22.214.171.124. Product Portfolio
126.96.36.199. Strategic Initiatives
188.8.131.52. Scot Analysis
11.2.3. Eaton Corporation Plc
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
11.2.4. Exelon Corporation
22.214.171.124. Product Portfolio
126.96.36.199. Strategic Initiatives
188.8.131.52. Scot Analysis
11.2.5. Fairbanks Morse
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
11.2.6. General Electric
22.214.171.124. Product Portfolio
126.96.36.199. Strategic Initiatives
188.8.131.52. Scot Analysis
11.2.7. Hitachi Ltd.
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
11.2.8. Schneider Electric
22.214.171.124. Product Portfolio
126.96.36.199. Strategic Initiatives
188.8.131.52. Scot Analysis
11.2.9. Siemens Ag
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
11.2.10. National Grid
22.214.171.124. Product Portfolio
126.96.36.199. Strategic Initiatives
188.8.131.52. Scot Analysis
11.2.11. Fuelcell Energy Inc.
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
11.2.12. Nrg Energy Inc.
22.214.171.124. Product Portfolio
126.96.36.199. Strategic Initiatives
188.8.131.52. Scot Analysis
11.2.13. Power Engineers Incorporated
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
11.2.14. Princeton Power Systems
22.214.171.124. Product Portfolio
126.96.36.199. Strategic Initiatives
188.8.131.52. Scot Analysis
11.2.15. S&C Electric Company
184.108.40.206. Product Portfolio
220.127.116.11. Strategic Initiatives
18.104.22.168. Scot Analysis
List of Tables
Table 1. Global Microgrid Market, By Geography, 2019-2027 (In $ Million)
Table 2. Global Microgrid Market, By Offerings, 2019-2027 (In $ Million)
Table 3. Global Hardware Market, By Region, 2019-2027 (In $ Million)
Table 4. Global Software Market, By Region, 2019-2027 (In $ Million)
Table 5. Global Services Market, By Region, 2019-2027 (In $ Million)
Table 6. Global Microgrid Market, By Types, 2019-2027 (In $ Million)
Table 7. Global Grid Connected Market, By Region, 2019-2027 (In $ Million)
Table 8. Global Remote/Island/Off-Grid Market, By Region, 2019-2027 (In $ Million)
Table 9. Global Microgrid Market, By Consumption Patterns, 2019-2027 (In $ Million)
Table 10. Global Semi-Urban Market, By Region, 2019-2027 (In $ Million)
Table 11. Global Urban/Metropolitan Market, By Region, 2019-2027 (In $ Million)
Table 12. Global Rural/Island Market, By Region, 2019-2027 (In $ Million)
Table 13. Global Microgrid Market, By Verticals 2019-2027 (In $ Million)
Table 14. Global Industrial Market, By Region, 2019-2027 (In $ Million)
Table 15. Global Healthcare Market, By Region, 2019-2027 (In $ Million)
Table 16. Global Education Market, By Region, 2019-2027 (In $ Million)
Table 17. Global Military Market, By Region, 2019-2027 (In $ Million)
Table 18. Global Government & Utilities Market, By Region, 2019-2027 (In $ Million)
Table 19. Global Others Market, By Region, 2019-2027 (In $ Million)
Table 20. Opportunity Matrix
Table 21. Vendor Landscape
Table 22. Legal, Policy & Regulatory Framework
Table 23. Global Microgrid Market, By Geography, 2019-2027 (In $ Million)
Table 24. North America Microgrid Market, By Country, 2019-2027 (In $ Million)
Table 25. Europe Microgrid Market, By Country, 2019-2027 (In $ Million)
Table 26. Asia Pacific Microgrid Market, By Country, 2019-2027 (In $ Million)
Table 27. Rest of World Microgrid Market, By Region, 2019-2027 (In $ Million)
List of Figures
Figure 1. Global Microgrid Market, By Verticals, 2018 & 2027 (In %)
Figure 2. Global Microgrid Market, By Hardware, 2019-2027 (In $ Million)
Figure 3. Global Microgrid Market, By Software, 2019-2027 (In $ Million)
Figure 4. Global Microgrid Market, By Services, 2019-2027 (In $ Million)
Figure 5. Global Microgrid Market, By Grid Connected, 2019-2027 (In $ Million)
Figure 6. Global Microgrid Market, By Remote/Island/Off-Grid, 2019-2027 (In $ Million)
Figure 7. Global Microgrid Market, By Semi-Urban, 2019-2027 (In $ Million)
Figure 8. Global Microgrid Market, By Urban/Metropolitan, 2019-2027 (In $ Million)
Figure 9. Global Microgrid Market, By Rural/Island, 2019-2027 (In $ Million)
Figure 10. Global Microgrid Market, By Industrial, 2019-2027 (In $ Million)
Figure 11. Global Microgrid Market, By Healthcare, 2019-2027 (In $ Million)
Figure 12. Global Microgrid Market, By Education, 2019-2027 (In $ Million)
Figure 13. Global Microgrid Market, By Military, 2019-2027 (In $ Million)
Figure 14. Global Microgrid Market, By Government & Utilities, 2019-2027 (In $ Million)
Figure 15. Global Microgrid Market, By Others, 2019-2027 (In $ Million)
Figure 16. Porter's Five Force Analysis
Figure 17. Global Microgrid Market, Regional Outlook, 2018 & 2027 (In %)
Figure 18. United States Microgrid Market, 2019-2027 (In $ Million)
Figure 19. Canada Microgrid Market, 2019-2027 (In $ Million)
Figure 20. United Kingdom Microgrid Market, 2019-2027 (In $ Million)
Figure 21. France Microgrid Market, 2019-2027 (In $ Millions)
Figure 22. Italy Microgrid Market, 2019-2027 (In $ Millions)
Figure 23. Russia Microgrid Market, 2019-2027 (In $ Millions)
Figure 24. Spain Microgrid Market, 2019-2027 (In $ Millions)
Figure 25. Germany Microgrid Market, 2019-2027 (In $ Millions)
Figure 26. Rest of Europe Microgrid Market, 2019-2027 (In $ Millions)
Figure 27. China Microgrid Market, 2019-2027 (In $ Million)
Figure 28. India Microgrid Market, 2019-2027 (In $ Million)
Figure 29. Japan Microgrid Market, 2019-2027 (In $ Million)
Figure 30. Australia Microgrid Market, 2019-2027 (In $ Million)
Figure 31. South Korea Microgrid Market, 2019-2027 (In $ Millions)
Figure 32. Rest of Asia Pacific Microgrid Market, 2019-2027 (In $ Million)
Figure 33. Latin America Microgrid Market, 2019-2027 (In $ Million)
Figure 34. Middle East & Africa Microgrid Market, 2019-2027 (In $ Million)
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