Microgrid Market, Global Outlook and Forecast 2023-2029

Publisher Name :
Date: 12-Jan-2023
No. of pages: 60

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.

This report aims to provide a comprehensive presentation of the global market for Microgrid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microgrid. This report contains market size and forecasts of Microgrid in global, including the following market information:

Global Microgrid Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global top five companies in 2022 (%)

The global Microgrid market was valued at US$ 29580 million in 2022 and is projected to reach US$ 62300 million by 2029, at a CAGR of 11.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global microgrid key players include ABB, NEC, GE, Aquion Energy, Echelon, etc. Global top 5 players hold a share about 25%.

North America is the largest market, with a share about 41%, followed by Asia-Pacific, having a total share about 40 percent.

In terms of product, grid-tied is the largest segment, with a share about 78%. And in terms of application, the largest application is commercial or industrial microgrid.

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, 2018-2023, 2024-2029 ($ millions)

Global Microgrid Market Segment Percentages, by Type, 2022 (%)

- Grid-Tied

- Independent

Global Microgrid Market, by Application, 2018-2023, 2024-2029 ($ millions)

Global Microgrid Market Segment Percentages, by Application, 2022 (%)

- Commercial or Industrial Microgrid

- Community or Utility Microgrid

- Campus or Institutional Microgrid

- Military Microgrid

- Remote Microgrid

Global Microgrid Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)

Global Microgrid Market Segment Percentages, By Region and Country, 2022 (%)

- 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, 2018-2023 (estimated), ($ millions)

Key companies Microgrid revenues share in global market, 2022 (%)

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of Microgrid, market overview.

Chapter 2: Global Microgrid market size in revenue.

Chapter 3: Detailed analysis of Microgrid company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Microgrid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.

Microgrid Market, Global Outlook and Forecast 2023-2029

Table of Contents

1 Introduction to Research & Analysis Reports
1.1 Microgrid Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Microgrid Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Microgrid Overall Market Size
2.1 Global Microgrid Market Size: 2022 VS 2029
2.2 Global Microgrid Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Microgrid Players in Global Market
3.2 Top Global Microgrid Companies Ranked by Revenue
3.3 Global Microgrid Revenue by Companies
3.4 Top 3 and Top 5 Microgrid Companies in Global Market, by Revenue in 2022
3.5 Global Companies Microgrid Product Type
3.6 Tier 1, Tier 2 and Tier 3 Microgrid Players in Global Market
3.6.1 List of Global Tier 1 Microgrid Companies
3.6.2 List of Global Tier 2 and Tier 3 Microgrid Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Microgrid Market Size Markets, 2022 & 2029
4.1.2 Grid-Tied
4.1.3 Independent
4.2 By Type - Global Microgrid Revenue & Forecasts
4.2.1 By Type - Global Microgrid Revenue, 2018-2023
4.2.2 By Type - Global Microgrid Revenue, 2024-2029
4.2.3 By Type - Global Microgrid Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Microgrid Market Size, 2022 & 2029
5.1.2 Commercial or Industrial Microgrid
5.1.3 Community or Utility Microgrid
5.1.4 Campus or Institutional Microgrid
5.1.5 Military Microgrid
5.1.6 Remote Microgrid
5.2 By Application - Global Microgrid Revenue & Forecasts
5.2.1 By Application - Global Microgrid Revenue, 2018-2023
5.2.2 By Application - Global Microgrid Revenue, 2024-2029
5.2.3 By Application - Global Microgrid Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Microgrid Market Size, 2022 & 2029
6.2 By Region - Global Microgrid Revenue & Forecasts
6.2.1 By Region - Global Microgrid Revenue, 2018-2023
6.2.2 By Region - Global Microgrid Revenue, 2024-2029
6.2.3 By Region - Global Microgrid Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Microgrid Revenue, 2018-2029
6.3.2 US Microgrid Market Size, 2018-2029
6.3.3 Canada Microgrid Market Size, 2018-2029
6.3.4 Mexico Microgrid Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Microgrid Revenue, 2018-2029
6.4.2 Germany Microgrid Market Size, 2018-2029
6.4.3 France Microgrid Market Size, 2018-2029
6.4.4 U.K. Microgrid Market Size, 2018-2029
6.4.5 Italy Microgrid Market Size, 2018-2029
6.4.6 Russia Microgrid Market Size, 2018-2029
6.4.7 Nordic Countries Microgrid Market Size, 2018-2029
6.4.8 Benelux Microgrid Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Microgrid Revenue, 2018-2029
6.5.2 China Microgrid Market Size, 2018-2029
6.5.3 Japan Microgrid Market Size, 2018-2029
6.5.4 South Korea Microgrid Market Size, 2018-2029
6.5.5 Southeast Asia Microgrid Market Size, 2018-2029
6.5.6 India Microgrid Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Microgrid Revenue, 2018-2029
6.6.2 Brazil Microgrid Market Size, 2018-2029
6.6.3 Argentina Microgrid Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Microgrid Revenue, 2018-2029
6.7.2 Turkey Microgrid Market Size, 2018-2029
6.7.3 Israel Microgrid Market Size, 2018-2029
6.7.4 Saudi Arabia Microgrid Market Size, 2018-2029
6.7.5 UAE Microgrid Market Size, 2018-2029
7 Microgrid Companies Profiles
7.1 ABB
7.1.1 ABB Company Summary
7.1.2 ABB Business Overview
7.1.3 ABB Microgrid Major Product Offerings
7.1.4 ABB Microgrid Revenue in Global Market (2018-2023)
7.1.5 ABB Key News & Latest Developments
7.2 NEC
7.2.1 NEC Company Summary
7.2.2 NEC Business Overview
7.2.3 NEC Microgrid Major Product Offerings
7.2.4 NEC Microgrid Revenue in Global Market (2018-2023)
7.2.5 NEC Key News & Latest Developments
7.3 GE
7.3.1 GE Company Summary
7.3.2 GE Business Overview
7.3.3 GE Microgrid Major Product Offerings
7.3.4 GE Microgrid Revenue in Global Market (2018-2023)
7.3.5 GE Key News & Latest Developments
7.4 Aquion Energy
7.4.1 Aquion Energy Company Summary
7.4.2 Aquion Energy Business Overview
7.4.3 Aquion Energy Microgrid Major Product Offerings
7.4.4 Aquion Energy Microgrid Revenue in Global Market (2018-2023)
7.4.5 Aquion Energy Key News & Latest Developments
7.5 Echelon
7.5.1 Echelon Company Summary
7.5.2 Echelon Business Overview
7.5.3 Echelon Microgrid Major Product Offerings
7.5.4 Echelon Microgrid Revenue in Global Market (2018-2023)
7.5.5 Echelon Key News & Latest Developments
7.6 Raytheon
7.6.1 Raytheon Company Summary
7.6.2 Raytheon Business Overview
7.6.3 Raytheon Microgrid Major Product Offerings
7.6.4 Raytheon Microgrid Revenue in Global Market (2018-2023)
7.6.5 Raytheon Key News & Latest Developments
7.7 SandC Electric Co
7.7.1 SandC Electric Co Company Summary
7.7.2 SandC Electric Co Business Overview
7.7.3 SandC Electric Co Microgrid Major Product Offerings
7.7.4 SandC Electric Co Microgrid Revenue in Global Market (2018-2023)
7.7.5 SandC Electric Co Key News & Latest Developments
7.8 Eaton Corporation
7.8.1 Eaton Corporation Company Summary
7.8.2 Eaton Corporation Business Overview
7.8.3 Eaton Corporation Microgrid Major Product Offerings
7.8.4 Eaton Corporation Microgrid Revenue in Global Market (2018-2023)
7.8.5 Eaton Corporation Key News & Latest Developments
7.9 Sunverge Energy
7.9.1 Sunverge Energy Company Summary
7.9.2 Sunverge Energy Business Overview
7.9.3 Sunverge Energy Microgrid Major Product Offerings
7.9.4 Sunverge Energy Microgrid Revenue in Global Market (2018-2023)
7.9.5 Sunverge Energy Key News & Latest Developments
7.10 Siemens
7.10.1 Siemens Company Summary
7.10.2 Siemens Business Overview
7.10.3 Siemens Microgrid Major Product Offerings
7.10.4 Siemens Microgrid Revenue in Global Market (2018-2023)
7.10.5 Siemens Key News & Latest Developments
7.11 Toshiba
7.11.1 Toshiba Company Summary
7.11.2 Toshiba Business Overview
7.11.3 Toshiba Microgrid Major Product Offerings
7.11.4 Toshiba Microgrid Revenue in Global Market (2018-2023)
7.11.5 Toshiba Key News & Latest Developments
7.12 General Microgrids
7.12.1 General Microgrids Company Summary
7.12.2 General Microgrids Business Overview
7.12.3 General Microgrids Microgrid Major Product Offerings
7.12.4 General Microgrids Microgrid Revenue in Global Market (2018-2023)
7.12.5 General Microgrids Key News & Latest Developments
7.13 Lockheed Martin
7.13.1 Lockheed Martin Company Summary
7.13.2 Lockheed Martin Business Overview
7.13.3 Lockheed Martin Microgrid Major Product Offerings
7.13.4 Lockheed Martin Microgrid Revenue in Global Market (2018-2023)
7.13.5 Lockheed Martin Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List of Tables
Table 1. Microgrid Market Opportunities & Trends in Global Market
Table 2. Microgrid Market Drivers in Global Market
Table 3. Microgrid Market Restraints in Global Market
Table 4. Key Players of Microgrid in Global Market
Table 5. Top Microgrid Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Microgrid Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Microgrid Revenue Share by Companies, 2018-2023
Table 8. Global Companies Microgrid Product Type
Table 9. List of Global Tier 1 Microgrid Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Microgrid Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type - Global Microgrid Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Microgrid Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Microgrid Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application - Global Microgrid Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Microgrid Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Microgrid Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region - Global Microgrid Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Microgrid Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Microgrid Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Microgrid Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Microgrid Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Microgrid Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Microgrid Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Microgrid Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Microgrid Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Microgrid Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Microgrid Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Microgrid Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Microgrid Revenue, (US$, Mn), 2024-2029
Table 30. ABB Company Summary
Table 31. ABB Microgrid Product Offerings
Table 32. ABB Microgrid Revenue (US$, Mn) & (2018-2023)
Table 33. ABB Key News & Latest Developments
Table 34. NEC Company Summary
Table 35. NEC Microgrid Product Offerings
Table 36. NEC Microgrid Revenue (US$, Mn) & (2018-2023)
Table 37. NEC Key News & Latest Developments
Table 38. GE Company Summary
Table 39. GE Microgrid Product Offerings
Table 40. GE Microgrid Revenue (US$, Mn) & (2018-2023)
Table 41. GE Key News & Latest Developments
Table 42. Aquion Energy Company Summary
Table 43. Aquion Energy Microgrid Product Offerings
Table 44. Aquion Energy Microgrid Revenue (US$, Mn) & (2018-2023)
Table 45. Aquion Energy Key News & Latest Developments
Table 46. Echelon Company Summary
Table 47. Echelon Microgrid Product Offerings
Table 48. Echelon Microgrid Revenue (US$, Mn) & (2018-2023)
Table 49. Echelon Key News & Latest Developments
Table 50. Raytheon Company Summary
Table 51. Raytheon Microgrid Product Offerings
Table 52. Raytheon Microgrid Revenue (US$, Mn) & (2018-2023)
Table 53. Raytheon Key News & Latest Developments
Table 54. SandC Electric Co Company Summary
Table 55. SandC Electric Co Microgrid Product Offerings
Table 56. SandC Electric Co Microgrid Revenue (US$, Mn) & (2018-2023)
Table 57. SandC Electric Co Key News & Latest Developments
Table 58. Eaton Corporation Company Summary
Table 59. Eaton Corporation Microgrid Product Offerings
Table 60. Eaton Corporation Microgrid Revenue (US$, Mn) & (2018-2023)
Table 61. Eaton Corporation Key News & Latest Developments
Table 62. Sunverge Energy Company Summary
Table 63. Sunverge Energy Microgrid Product Offerings
Table 64. Sunverge Energy Microgrid Revenue (US$, Mn) & (2018-2023)
Table 65. Sunverge Energy Key News & Latest Developments
Table 66. Siemens Company Summary
Table 67. Siemens Microgrid Product Offerings
Table 68. Siemens Microgrid Revenue (US$, Mn) & (2018-2023)
Table 69. Siemens Key News & Latest Developments
Table 70. Toshiba Company Summary
Table 71. Toshiba Microgrid Product Offerings
Table 72. Toshiba Microgrid Revenue (US$, Mn) & (2018-2023)
Table 73. Toshiba Key News & Latest Developments
Table 74. General Microgrids Company Summary
Table 75. General Microgrids Microgrid Product Offerings
Table 76. General Microgrids Microgrid Revenue (US$, Mn) & (2018-2023)
Table 77. General Microgrids Key News & Latest Developments
Table 78. Lockheed Martin Company Summary
Table 79. Lockheed Martin Microgrid Product Offerings
Table 80. Lockheed Martin Microgrid Revenue (US$, Mn) & (2018-2023)
Table 81. Lockheed Martin Key News & Latest Developments
List of Figures
Figure 1. Microgrid Segment by Type in 2022
Figure 2. Microgrid Segment by Application in 2022
Figure 3. Global Microgrid Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Microgrid Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Microgrid Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Microgrid Revenue in 2022
Figure 8. By Type - Global Microgrid Revenue Market Share, 2018-2029
Figure 9. By Application - Global Microgrid Revenue Market Share, 2018-2029
Figure 10. By Type - Global Microgrid Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Microgrid Revenue Market Share, 2018-2029
Figure 12. By Application - Global Microgrid Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Microgrid Revenue Market Share, 2018-2029
Figure 14. By Region - Global Microgrid Revenue Market Share, 2018-2029
Figure 15. By Country - North America Microgrid Revenue Market Share, 2018-2029
Figure 16. US Microgrid Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Microgrid Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Microgrid Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Microgrid Revenue Market Share, 2018-2029
Figure 20. Germany Microgrid Revenue, (US$, Mn), 2018-2029
Figure 21. France Microgrid Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Microgrid Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Microgrid Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Microgrid Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Microgrid Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Microgrid Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Microgrid Revenue Market Share, 2018-2029
Figure 28. China Microgrid Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Microgrid Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Microgrid Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Microgrid Revenue, (US$, Mn), 2018-2029
Figure 32. India Microgrid Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Microgrid Revenue Market Share, 2018-2029
Figure 34. Brazil Microgrid Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Microgrid Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Microgrid Revenue Market Share, 2018-2029
Figure 37. Turkey Microgrid Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Microgrid Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Microgrid Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Microgrid Revenue, (US$, Mn), 2018-2029
Figure 41. ABB Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. NEC Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. GE Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Aquion Energy Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Echelon Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Raytheon Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. SandC Electric Co Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Eaton Corporation Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Sunverge Energy Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Siemens Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. Toshiba Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. General Microgrids Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 53. Lockheed Martin Microgrid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)

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