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Microgrid Market by Connectivity (Grid Connected and Off-Grid Connected), Offering (Hardware and Software & Services), End-Use (Commercial & Industrial, Remote, Instituites & Campuses), Grid Type, Pattern, Region - Global Forecast to 2025

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Date: 20-Feb-2020
No. of pages: 144
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“Microgrid market to grow at CAGR of 10.6% from 2020 to 2025”

The global microgrid market size is projected to reach USD 47.4 billion by 2025 from USD 28.6 billion in 2020, at a CAGR of 10.6%. Major drivers for the market’s growth are rising demand for clean energy, increasing instances of cyber attacks on the energy infrastructures, growing requirement for reliable and secure global power supply, and rising global deployment of microgrids for rural electrification.

Further, the expansion of renewable energy capacity of countries of APAC and government initiatives to encourage the development of microgrids are the opportunities for microgrid developers. The major restraint for the market is high installation costs. Technical issues faced during the operation of island mode microgrids and lack of regulatory frameworks related to operations of microgrid spose a significant challenge to this market.

Grid-connected connectivity to hold the largest share of the microgrid industry during the forecast period

The grid-connected segment accounted for a larger share of the microgrid market in 2019. The growth of this segment can be attributed to the expansion of utility-based grid networks, coupled with the large-scale use of renewable sources of energy such as offshore wind.

Grid-connected microgrids offer grid resiliency &improved quality power and have a low impact on the environment. They comprise multiple generators, distribution systems, and sophisticated controls and rely on main power grids for power balance and energy backup.

Among all end-use, remote to hold the largest share of the microgrid market from 2020 to 2025

The growth of this segment of the market can be attributed to the increased adoption of microgrids in remote areas. According to the International Energy Association, approximately 1 billion people in remote areas around the world lack access to electricity owing to the high costs of fossil fuels used for electricity generation and uncertainty in terms of their availability and issues related to their transportation. Governments of different countries are increasingly investing in the development of electricity infrastructures to provide low-cost and clean electricity. This results in increased demand for microgrids in remote areas. Microgrids are established in remote areas to generate power, as well as to manage and control distributed energy resources.

Americas to hold the largest share of the global microgrid market during the forecast period

The Americas accounted for the largest share of the microgrid industry in 2019. GE, Honeywell, S&C Electric, and Power Analytics are a few key players based in the Americas that mainly contributed to the growth of the microgrid market in the region. The microgrid industry in the Americas has been studied for North America and South America. The Americas is considered as one of the technologically-advanced regions for microgrids owing to the presence of a large number of developers of microgrids, along with several initiatives such as Smart Power Infrastructure Demonstration for Energy Reliability and Security (SPIDERS) program undertaken by governments of different countries of the region to promote adoption of microgrids.

Breakdown of primary participants’ profile:


  • By Company Type: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%

  • By Designation: C-Level Executives = 35%, Directors = 30%, and Others = 35%

  • By Region: Americas= 40%, Europe = 25%, APAC = 20%, and RoW = 15%


ABB (ABB, Switzerland), General Electric Company (GE, US), Siemens AG (Siemens, Germany), Eaton Corporation Inc. (Eaton, Ireland), Schneider Electric SE (Schneider Electric, France), Honeywell International Inc. (Honeywell, US), HOMER Energy LLC (Homer Energy, US), S&C Electric Company (S&C Electric, US), Power Analytics Corporation (Power Analytics, US), and Exelon Corporation (Exelon, US) are a few major players in the microgrid market.

Research Coverage:

Connectivity, offering, pattern, grid type, end-use, and geography are the segments covered in this report. The report gives a detailed view of the market across four main regions: the Americas, Europe, APAC, and RoW.

Reasons to Buy the Report:


  • This report includes statistics pertaining to the microgrid market in terms of Connectivity, offering, pattern, grid type, end-use, and geography, along with their respective market sizes.

  • Major drivers, restraints, opportunities, and challenges for the microgrid market have been provided in detail in this report.

  • The report includes illustrative segmentation, analysis, and forecast for the microgrid market based on its segments and sub segments.

Microgrid Market by Connectivity (Grid Connected and Off-Grid Connected), Offering (Hardware and Software & Services), End-Use (Commercial & Industrial, Remote, Instituites & Campuses), Grid Type, Pattern, Region - Global Forecast to 2025

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition & Scope
1.2.1 Markets Covered
1.2.2 Years Considered for the Study
1.2.3 Inclusions & Exclusions
1.3 Currency
1.4 Limitations
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.2 Primary Data
2.2.1 Primary sources
2.2.2 Key industry insights
2.2.3 Breakdown of primaries
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insight

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.4 Value Chain Analysis

6 Microgrid Market, By Connectivity
6.1 Introduction
6.2 Grid Connected
6.3 Off-Grid Connected

7 Microgrid Market, By Type (Qualitative)
7.1 Introduction
7.2 AC Microgrids
7.3 DC Microgrids
7.4 Hybrid

8 Microgrid Market, By Pattern
8.1 Introduction
8.2 Urban/ Metropolitan
8.3 Semiurban
8.4 Rural/Island

9 Microgrid Market, By Offering
9.1 Introduction
9.2 Hardware
9.2.1 Power Generators
9.2.2 Energy Storage Systems
9.2.3 Controllers
9.3 Software
9.4 Services
9.4.1 Engineering and Design
9.4.2 Monitoring and Control
9.4.3 Operations and Maintenance

10 Microgrid Market, By End Use
10.1 Introduction
10.2 Commercial & Industrial
10.3 Remote
10.4 Institutes & Campuses
10.5 Government
10.6 Utilities
10.7 Military
10.8 Healthcare

11 Microgrid Market, By Geography
11.1 Introduction
11.2 Americas
11.2.1 North America
11.2.1.1 US
11.2.1.2 Rest of North America (Canada & Mexico)
11.2.2 South America
11.2.2.1 Brazil
11.2.2.2 Rest of South America
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Rest of Europe
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 Australia
11.4.4 Rest of APAC
11.5 RoW
11.5.1 Middle East
11.5.2 Africa

12  Competitive Landscape
12.1 Introduction
12.2 Company Ranking Analysis
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leadership
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging
12.4 Competitive Scenario
12.4.1 New Product Developments
12.4.2 Mergers & Acquisitions
12.4.3 Partnerships, Collaborations, Contracts

13 Company Profiles
13.1 Introduction
13.1.1 ABB
13.1.2 General Electric
13.1.3 Eaton
13.1.4 Siemens
13.1.5 Schneider Electric
13.1.6 Honeywell
13.1.7 Homer Energy
13.1.8 S&C Electric
13.1.9 Power Analytics
13.1.10 Exelon Corporation
13.2 Other Important Players
13.2.1 Pareto Energy
13.2.2 Anbaric Transmission
13.2.3 TESLA
13.2.4 SPIRAE
13.2.5 General Micro grids
13.3 KEY Innovators
13.3.1 GRAM Power
13.3.2 Power Hive
13.3.3 Advanced Microgrid Solutions
13.3.4 Go Electric
13.3.5 DAJIE

*The list of companies is subjective and might change during due course of research.

14 Appendix

List of Tables

Table 1 Microgrid Market, By Connectivity, 2017–2025 (USD Billion)
Table 2 Off-Grid Connected Market, By Region, 2017–2025 (USD Billion)
Table 3 Off-Grid Connected Market in Americas, By Region, 2017–2025 (USD Billion)
Table 4 Grid Connected Market, By Region, 2017–2025 (USD Billion)
Table 5 Microgrid Market, By Offering, 2017–2025 (USD Billion)
Table 6 Microgrid Hardware Market, By Type, 2017–2025 (USD Billion)
Table 7 Microgrid Hardware Market, By Region, 2017–2025 (USD Billion)
Table 8 Microgrid Hardware Market in Americas, By Region, 2017–2025 (USD Billion)
Table 9 Microgrid Hardware Market for Power Generators, By Region, 2017–2025 (USD Billion)
Table 10 Microgrid Hardware Market in Americas for Power Generators, By Region, 2017–2025 (USD Billion)
Table 11 Microgrid Hardware Market for Energy Storage Systems, By Region, 2017–2025 (USD Million)
Table 12 Microgrid Hardware Market in Americas for Energy Storage Systems, By Region, 2017–2025 (USD Billion)
Table 13 Microgrid Hardware Market for Controllers, By Region, 2017–2025 (USD Million)
Table 14 Microgrid Hardware Market in Americas for Controllers, By Region, 2017–2025 (USD Billion)
Table 15 Microgrid Software & Services Market, By Region, 2017–2025 (USD Billion)
Table 16 Microgrid Software & Services Market in Americas, By Region, 2017–2025 (USD Billion)
Table 17 Market, By End Use, 2017–2025 (USD Billion)
Table 18 Market for Commercial & Industrial, By Region, 2017–2025 (USD Billion)
Table 19 Market in Americas for Commercial & Industrial, By Region, 2017–2025 (USD Billion)
Table 20 Market for Remote, By Region, 2017–2025 (USD Billion)
Table 21 Market in Americas for Remote, By Region, 2017–2025 (USD Billion)
Table 22 Market for Institutes & Campuses, By Region, 2017–2025 (USD Million)
Table 23 Market in Americas for Institutes & Campuses, By Region, 2017–2025 (USD Million)
Table 24 Market for Government, By Region, 2017–2025 (USD Million)
Table 25 Market in Americas for Government, By Region, 2017–2025 (USD Million)
Table 26 Market for Utilities, By Region, 2017–2025 (USD Million)
Table 27 Market in Americas for Utilities, By Region, 2017–2025 (USD Million)
Table 28 Market for Military, By Region, 2017–2025 (USD Million)
Table 29 Market in Americas for Military, By Region, 2017–2025 (USD Million)
Table 30 Market for Healthcare, By Region, 2017–2025 (USD Million)
Table 31 Market in Americas for Healthcare, By Region, 2017–2025 (USD Million)
Table 32 Market, By Region, 2017–2025 (USD Billion)
Table 33 Market in Americas, By Region, 2017–2025 (USD Billion)
Table 34 Market in Americas, By Connectivity, 2017–2025 (USD Billion)
Table 35 Market in Americas, By Offering, 2017–2025 (USD Billion)
Table 36 Microgrid Hardware Market in Americas, By Type, 2017–2025 (USD Billion)
Table 37 Market in Americas, By End Use, 2017–2025 (USD Billion)
Table 38 Market in North America, By Country, 2017–2025 (USD Billion)
Table 39 Market in North America, By Connectivity, 2017–2025 (USD Billion)
Table 40 Market in North America, By Offering, 2017–2025 (USD Billion)
Table 41 Microgrid Hardware Market in North America, By Type, 2017–2025 (USD Billion)
Table 42 Market in North America, By End Use, 2017–2025 (USD Million)
Table 43 Market in Us, By Offering, 2017–2025 (USD Billion)
Table 44 Market in Rest of North America, By Offering, 2017–2025 (USD Million)
Table 45 Market in South America, By Country, 2017–2025 (USD Billion)
Table 46 Market in South America, By Connectivity, 2017–2025 (USD Billion)
Table 47 Market in South America, By Offering, 2017–2025 (USD Billion)
Table 48 Microgrid Hardware Market in South America, By Type, 2017–2025 (USD Billion)
Table 49 Market in South America, By End Use, 2017–2025 (USD Million)
Table 50 Market in Brazil, By Offering, 2017–2025 (USD Billion)
Table 51 Market in Rest of South America, By Offering, 2017–2025 (USD Billion)
Table 52 Market in Europe, By Country, 2017–2025 (USD Million)
Table 53 Market in Europe, By Connectivity, 2017–2025 (USD Billion)
Table 54 Market in Europe, By Offering, 2017–2025 (USD Billion)
Table 55 Microgrid Hardware Market in Europe, By Type, 2017–2025 (USD Million)
Table 56 Market in Europe, By End Use, 2017–2025 (USD Million)
Table 57 Market in Uk, By Offering, 2017–2025 (USD Million)
Table 58 Market in Germany, By Offering, 2017–2025 (USD Million)
Table 59 Market in France, By Offering, 2017–2025 (USD Million)
Table 60 Market in Rest of Europe, By Offering, 2017–2025 (USD Million)
Table 61 Market in APAC, By Country, 2017–2025 (USD Billion)
Table 62 Market in APAC, By Connectivity, 2017–2025 (USD Billion)
Table 63 Market in APAC, By Offering, 2017–2025 (USD Billion)
Table 64 Microgrid Hardware Market in APAC, By Type, 2017–2025 (USD Billion)
Table 65 Market in APAC, By End Use, 2017–2025 (USD Million)
Table 66 Market in Australia, By Offering, 2017–2025 (USD Billion)
Table 67 Market in China, By Offering, 2017–2025 (USD Billion)
Table 68 Market in Japan, By Offering, 2017–2025 (USD Billion)
Table 69 Market in Rest of APAC, By Offering, 2017–2025 (USD Billion)
Table 70 Market in RoW, By Region, 2017–2025 (USD Billion)
Table 71 Market in RoW, By Connectivity, 2017–2025 (USD Billion)
Table 72 Market in RoW, By Offering, 2017–2025 (USD Billion)
Table 73 Microgrid Hardware Market in RoW, By Type, 2017–2025 (USD Million)
Table 74 Market in RoW, By End Use, 2017–2025 (USD Million)
Table 75 Market in Middle East, By Connectivity, 2017–2025 (USD Billion)
Table 76 Market in Middle East, By Offering, 2017–2025 (USD Billion)
Table 77 Microgrid Hardware Market in Middle East, By Type, 2017–2025 (USD Million)
Table 78 Market in Middle East, By End Use, 2017–2025 (USD Million)
Table 79 Market in Africa, By Connectivity, 2017–2025 (USD Billion)
Table 80 Market in Africa, By Offering, 2017–2025 (USD Billion)
Table 81 Microgrid Hardware Market in Africa, By Type, 2017–2025 (USD Million)
Table 82 Market in Africa, By End Use, 2017–2025 (USD Million)
Table 83 Microgrid Market: Ranking of Key Companies in 2019
Table 84 Product Launches/Developments, 2017–2019
Table 85 Agreements, 2018–2019
Table 86 Collaborations, 2017–2018
Table 87 Contracts, 2017–2019
Table 88 Expansions, 2017
Table 89 Partnerships, 2018–2019
Table 90 Acquisitions, 2018–2019

List of Figures

Figure 1 Market Segmentation
Figure 2 Microgrid Market: Research Design
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated From Sales of Microgrids
Figure 4 Market Size Estimation Methodology: Approach 2 (Supply Side): Revenue From Hardware/Software & Services of Microgrids
Figure 5 Market Size Estimation Methodology: Approach 3 (Demand Size) – Bottom-Up Approach for Estimation of Size of Market Based on Region
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation Methodology
Figure 9 Grid Connected Segment to Lead Market From 2020 to 2025
Figure 10 Hardware Offering Segment to Account for Large Size of Market From 2020 to 2025
Figure 11 Power Generators Segment to Account for Largest Size of Microgrid Hardware Market From 2020 to 2025
Figure 12 Remote End Use Segment Held Largest Share of Market in 2019
Figure 13 Americas Accounted for Largest Share of Market in 2019
Figure 14 Rising Global Demand for Clean Energy Driving Growth of Market
Figure 15 Off-Grid Connected Segment to Account for Large Size of Market From 2020 to 2025
Figure 16 Remote Segment and Australia to Account for Largest Shares of Market in APAC in 2025
Figure 17 Grid Connected Segment to Lead Market in Americas From 2020 to 2025
Figure 18 Market in APAC to Grow at Highest CAGR From 2020 to 2025
Figure 19 Microgrid Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 ABB Microgrid Projects, 2000–2019
Figure 21 Drivers and Their Impact on Market
Figure 22 Restraints and Their Impact on Market
Figure 23 Opportunities and Their Impact on Market
Figure 24 Challenges and Their Impact on Market
Figure 25 Drivers of Microgrid Market in Urban/Metropolitan
Figure 26 Figure 1 Market in Australia to Grow at Highest CAGR From 2020 to 2025
Figure 27 Figure 1 Americas: Microgrid Market Snapshot
Figure 28 Figure 2 Europe: Market Snapshot
Figure 29 Figure 4 APAC: Market Snapshot
Figure 30 Product Launches/ Developments Key Growth Strategy From 2017 to 2019
Figure 31 Competitive Leadership Mapping, 2019
Figure 32 ABB: Company Snapshot
Figure 33 General Electric: Company Snapshot
Figure 34 Siemens: Company Snapshot
Figure 35 Eaton: Company Snapshot
Figure 36 Schneider Electric: Company Snapshot
Figure 37 Honeywell: Company Snapshot
Figure 38 Exelon: Company Snapshot
Figure 39 Global 3D Sensors Market
Figure 40 Image Sensors Held the Highest Market Share in 2019
Figure 41 ToF Technology Held the Highest Market Share in 2019
Figure 42 Consumer Electronics Expected to Be the Largest Market for 3D Sensors in 2019
Figure 43 China to Be the Fastest-Growing Market for 3D Sensors By 2025
Figure 44 3D Sensors Market Expected to have Huge Growth Opportunities in APAC During the Forecast Period
Figure 45 Image Sensors Expected to Hold the Largest Market Share By 2025
Figure 46 North America Expected to Hold the Largest Share of the 3D Sensors Market in 2019
Figure 47 Consumer Electronics to Hold the Largest Share of the During the Forecast Period
Figure 48 Time-Of-Flight Technology to Hold the Largest Market Share in 2025
Figure 49 Rising Demand for 3D-Enabled Devices in Consumer Electronics Expected to Drive the 3D Sensors Market
Figure 50 Value Chain Analysis: Maximum Value Added By Component Manufacturers and Technology Solution Providers
Figure 51 3D Sensors Market, By Type
Figure 52 Consumer Electronics to Be the Largest Market for 3D Image Sensors During the Forecast Period
Figure 53 Time-Of-Flight Technology to Hold A Major Share of the 3D Sensors During the Forecast Period
Figure 54 Consumer Electronics Application to Hold A Major Share and Exhibit the Highest Growth Rate During the Forecast Period
Figure 55 Geographic Snapshot: 3D Sensors Market
Figure 56 3D Sensors Market in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 57 Snapshot: 3D Sensors Market in North America
Figure 58 Snapshot: 3D Sensors Market in Europe
Figure 59 Snapshot: 3D Sensors Market in APAC
Figure 60 Snapshot: 3D Sensors Market in RoW
Figure 61 Companies Adopted New Product Development as the Key Growth Strategy Between 2018 and 2019
Figure 62 3D Sensor Market (Global) Competitive Leadership Mapping, 2019
Figure 63 Market Evolution Framework: New Product Developments Fuelled the Growth of the 3D Sensors Market
Figure 64 Infineon Technologies AG: Company Snapshot
Figure 65 Microchip Technology Inc.: Company Snapshot
Figure 66 Omnivision Technologies.: Company Snapshot
Figure 67 Sony.: Company Snapshot
Figure 68 Keyence.: Company Snapshot
Figure 69 Cognex Corporation: Company Snapshot
Figure 70 Intel Corporation.: Company Snapshot
Figure 71 Samsung: Company Snapshot
Figure 72 Qualcomm Inc.: Company Snapshot
Figure 73 Sick AG: Company Snapshot
Figure 74 Asustek Computer Inc.: Company Snapshot

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