Home » Energy » Microgrid Market

Microgrid Market By Grid Type (Grid-connected, Remote Microgrid, Networked Microgrid, Others), By Source (Solar PV, Natural Gas, Diesel Generators, Combined Heat & Power, Others), By Storage (Flywheel, Lead Acid, Lithium-Ion, Flow Batteries, Others), By Application (Remote, Utility, Military, Healthcare, Industrial/Commercial, Educational Institutes, Others) – Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Price: $4999

Published: | Report ID: 8338 | Report Format : PDF

Key Market Insights

Rapid Growth in Distributed Energy Generation expected to uplift the Global Microgrid Market

The global microgrid market was valued at US$ 23.80 Bn in the year 2018 and expected to reach US$ 59.12 Bn by the year 2027, expanding at a CAGR of 10.7% during the forecast from 2019 to 2027.

Evolutionary changes in operational and regulatory environment of electric utilities along with emergence of distributed generation have opened alluring opportunities for on-site electricity generation. This multiple generation approach increases the reliability of power as well as generation efficiency. Additionally, mission critical facilities, large power consumers, and areas with prolonged outages have great benefits of microgrid. Furthermore, the U.S. Department of Defense (DoD) has found out that commercial grids are highly vulnerable to cyber-attacks and security threats, therefore microgrid provides a reliable environment to overcome this issue.

As per Blackout Tracker annual Report published by Eaton, power blackouts cost nearly US$ 150 Bn to the global economy and influence almost 14.2 Mn people annually. Poor maintenance, natural calamities, overloading, mall operation of control & protection systems, cyber-attacks, and equipment failure are some of the prime factors responsible for the power blackouts. Consequently, microgrid is a technology boon that we can rely on.

Design Element 2

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample
CTA Design Element 3

Market Synopsis

Application Analysis

Industrial/Commercial Segment dominated the Global Microgrid Market in 2018

Industrial/ Commercial application segment dominated the global microgrid market in the year 2018. In many developing as well as developed countries power outages is a common problem and due to this several industries suffer from heavy losses. As a solution, several companies in commercial & Industrial sector have switched to microgrid solution to overcome the power outage problem. In addition, this in-house distributed generation helps them in enhancing their power efficiency. Furthermore, the companies can easily integrate renewable sources for power generation to their existing grid.

Regional Analysis

The Asia Pacific dominated the Global Microgrid Market in the year 2018 and seeks Opportunistic Growth during the Forecast Period

The Asia Pacific held majority of the revenue share in the global microgrid market in 2018. The prime factor attributed to this is increased rural electrification program along with large number of commercial microgrid deployment in the advanced nations. For instance, the total investment on Asian microgrids expected to reach US$ 31 Bn by 2023. Remote microgrid seeks lucrative growth in the Asian countries owing to lack of robust grid infrastructure. However, Japan is majorly focused on grid-tied systems and other distributed generation technology such as Virtual Power Plants (VPP). In addition, the microgrid deployment tracker identifies 575 new microgrid project in the region that depicts the rise of the Asia Pacific market.

Apart from this Latin America assumed to be the fastest growing region during the forecast period. Among which, Caribbean market is the most opportunistic owing to series of hurricanes along with frequent other natural calamities in the near past. In March 2019, Environmental Defense Fund in Puerto Rico announced to build a low-carbon microgrid in rural areas to beat the power-cut problems during natural disasters.

Key Players & Competitive Landscape:

The Global Microgrid Market is a Highly Competitive Market with Presence of Large Number of Players

The global microgrid market is a fragmented market with the presence of large number of small and large players. The race to provide best quality of power in low price has turned the market to be highly competitive.

List of Companies Covered:

  • ABB
  • Siemens AG
  • Schneider Electric SE
  • S&C Electric Company
  • General Electric Company
  • HOMER Energy LLC
  • Eaton Corporation Inc.
  • Honeywell International Inc.
  • Exelon Corporation
  • Power Analytics Corporation

Key Industry Development:

  • On November 04, 2019, The Rockefeller Foundation and Tata Power announced to launch TP Renewable Microgrid Ltd., which will address one of the most pervasive challenges in modern India: the lack of access to affordable, reliable electricity for millions of rural homes and enterprises.
  • On March 06, 2019, Georgia Power in collaboration with Georgia Tech, announced to build a new 1.4 MW microgrid.
  • On September 25, 2018, Arensis, a leading international provider of decentralized energy systems, and Schneider Electric, a leader in microgrid development with integrated efficiency solutions combining energy, automation and software, announced the joint development of its smart microgrid pilot program. As part of the pilot, Arensis and Schneider Electric will develop a blockchain Application Programming Interface (API) platform for ENTRADE IO, a newly-formed company founded by the CEO of Arensis for off grid project financing and the sale of renewable energy in remote areas around the world.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study titled microgrid market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global microgrid market based on grid type, source, storage, application, and geography. Key segments covered in the report are as follows:

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Key questions answered in this report

  • What was the global market size of microgrid in 2017 & 2018?
  • What is estimated forecast and market projections up to 2027?
  • Which is largest regional market for microgrid?
  • Which grid type is largely preferred for microgrid on global scale?
  • Which is the most lucrative application in global microgrid market?
  • Which are the predominant trends shaping the global microgrid market?
  • Which is the most promising, attractive, and less-explored region in the global microgrid market?
  • Who are the leading players in the global microgrid market?
  • What are the premiere strategies adopted by the leading players in the global microgrid market?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions

2. Executive Summary
2.1. Market Snapshot: Global Microgrid Market
2.2. Global Microgrid Market, by Grid Type, 2018 (US$ Bn)
2.3. Global Microgrid Market, by Source, 2018 (US$ Bn)
2.4. Global Microgrid Market, by Storage, 2018 (US$ Bn)
2.5. Global Microgrid Market, by Application, 2018 (US$ Bn)
2.6. Global Microgrid Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Microgrid Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Microgrid Market, by Grid Type, 2017-2027 (US$ Bn)
4.1. Overview
4.2. Grid-connected
4.3. Remote Microgrid
4.4. Networked Microgrid
4.5. Others

5. Global Microgrid Market, by Source, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Solar PV
5.3. Natural Gas
5.4. Diesel Generators
5.5. Combined Heat & Power (CHP)
5.6. Others

6. Global Microgrid Market, by Storage, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Flywheel
6.3. Lead Acid
6.4. Lithium-Ion
6.5. Flow Batteries
6.6. Others

7. Global Microgrid Market, by Application, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Remote
7.3. Utility
7.4. Military
7.5. Healthcare
7.6. Industrial/Commercial
7.7. Educational Institutes
7.8. Others

8. North America Microgrid Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America Microgrid Market Value, 2017-2027, (US$ Bn)
8.2. North America Microgrid Market Value, By Grid Type, 2017-2027 (US$ Bn)
8.2.1. Grid-connected
8.2.2. Remote Microgrid
8.2.3. Networked Microgrid
8.2.4. Others
8.3. North America Microgrid Market Value, By Source, 2017-2027 (US$ Bn)
8.3.1. Solar PV
8.3.2. Natural Gas
8.3.3. Diesel Generators
8.3.4. Combined Heat & Power (CHP)
8.3.5. Others
8.4. North America Microgrid Market Value, By Storage, 2017-2027 (US$ Bn)
8.4.1. Flywheel
8.4.2. Lead Acid
8.4.3. Lithium-Ion
8.4.4. Flow Batteries
8.4.5. Others
8.5. North America Microgrid Market Value, By Application, 2017-2027 (US$ Bn)
8.5.1. Remote
8.5.2. Utility
8.5.3. Military
8.5.4. Healthcare
8.5.5. Industrial/Commercial
8.5.6. Educational Institutes
8.5.7. Others
8.6. North America Microgrid Market Value, By Country/ Region, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Microgrid Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe Microgrid Market Value, 2017-2027, (US$ Bn)
9.2. Europe Microgrid Market Value, By Grid Type, 2017-2027 (US$ Bn)
9.2.1. Grid-connected
9.2.2. Remote Microgrid
9.2.3. Networked Microgrid
9.2.4. Others
9.3. Europe Microgrid Market Value, By Source, 2017-2027 (US$ Bn)
9.3.1. Solar PV
9.3.2. Natural Gas
9.3.3. Diesel Generators
9.3.4. Combined Heat & Power (CHP)
9.3.5. Others
9.4. Europe Microgrid Market Value, By Storage, 2017-2027 (US$ Bn)
9.4.1. Flywheel
9.4.2. Lead Acid
9.4.3. Lithium-Ion
9.4.4. Flow Batteries
9.4.5. Others
9.5. Europe Microgrid Market Value, By Application, 2017-2027 (US$ Bn)
9.5.1. Remote
9.5.2. Utility
9.5.3. Military
9.5.4. Healthcare
9.5.5. Industrial/Commercial
9.5.6. Educational Institutes
9.5.7. Others
9.6. Europe Microgrid Market Value, By Country/ Region, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Microgrid Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific Microgrid Market Value, 2017-2027, (US$ Bn)
10.2. Asia Pacific Microgrid Market Value, By Grid Type, 2017-2027 (US$ Bn)
10.2.1. Grid-connected
10.2.2. Remote Microgrid
10.2.3. Networked Microgrid
10.2.4. Others
10.3. Asia Pacific Microgrid Market Value, By Source, 2017-2027 (US$ Bn)
10.3.1. Solar PV
10.3.2. Natural Gas
10.3.3. Diesel Generators
10.3.4. Combined Heat & Power (CHP)
10.3.5. Others
10.4. Asia Pacific Microgrid Market Value, By Storage, 2017-2027 (US$ Bn)
10.4.1. Flywheel
10.4.2. Lead Acid
10.4.3. Lithium-Ion
10.4.4. Flow Batteries
10.4.5. Others
10.5. Asia Pacific Microgrid Market Value, By Application, 2017-2027 (US$ Bn)
10.5.1. Remote
10.5.2. Utility
10.5.3. Military
10.5.4. Healthcare
10.5.5. Industrial/Commercial
10.5.6. Educational Institutes
10.5.7. Others
10.6. Asia Pacific Microgrid Market Value, By Country/ Region, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Microgrid Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World Microgrid Market Value, 2017-2027, (US$ Bn)
11.2. Rest of the World Microgrid Market Value, By Grid Type, 2017-2027 (US$ Bn)
11.2.1. Grid-connected
11.2.2. Remote Microgrid
11.2.3. Networked Microgrid
11.2.4. Others
11.3. Rest of the World Microgrid Market Value, By Source, 2017-2027 (US$ Bn)
11.3.1. Solar PV
11.3.2. Natural Gas
11.3.3. Diesel Generators
11.3.4. Combined Heat & Power (CHP)
11.3.5. Others
11.4. Rest of the World Microgrid Market Value, By Storage, 2017-2027 (US$ Bn)
11.4.1. Flywheel
11.4.2. Lead Acid
11.4.3. Lithium-Ion
11.4.4. Flow Batteries
11.4.5. Others
11.5. Rest of the World Microgrid Market Value, By Application, 2017-2027 (US$ Bn)
11.5.1. Remote
11.5.2. Utility
11.5.3. Military
11.5.4. Healthcare
11.5.5. Industrial/Commercial
11.5.6. Educational Institutes
11.5.7. Others
11.6. Rest of the World Microgrid Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. ABB
12.2. Siemens AG
12.3. Schneider Electric SE
12.4. S&C Electric Company
12.5. General Electric Company
12.6. HOMER Energy LLC
12.7. Eaton Corporation Inc.
12.8. Honeywell International Inc.
12.9. Exelon Corporation
12.10. Power Analytics Corporation

List of Figures

FIG. 1 Global Microgrid Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Microgrid Market Segmentation
FIG. 4 Global Microgrid Market, by Grid Type, 2018 (US$ Bn)
FIG. 5 Global Microgrid Market, by Source, 2018 (US$ Bn)
FIG. 6 Global Microgrid Market, by Storage, 2018 (US$ Bn)
FIG. 7 Global Microgrid Market, by Application, 2018 (US$ Bn)
FIG. 8 Global Microgrid Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key Microgrid Market Players, 2018
FIG. 11 Global Microgrid Market Value Share, by Grid Type, 2018 & 2027 (Value %)
FIG. 12 Global Microgrid Market for Grid-connected, 2017–2027 (US$ Bn)
FIG. 13 Global Microgrid Market for Remote Microgrid, 2017–2027 (US$ Bn)
FIG. 14 Global Microgrid Market for Networked Microgrid, 2017–2027 (US$ Bn)
FIG. 15 Global Microgrid Market for Others, 2017–2027 (US$ Bn)
FIG. 16 Global Microgrid Market Value Share, by Source, 2018 & 2027 (Value %)
FIG. 17 Global Microgrid Market for Solar PV, 2017–2027 (US$ Bn)
FIG. 18 Global Microgrid Market for Natural Gas, 2017–2027 (US$ Bn)
FIG. 19 Global Microgrid Market for Diesel Generators, 2017–2027 (US$ Bn)
FIG. 20 Global Microgrid Market for Combined Heat & Power (CHP), 2017–2027 (US$ Bn)
FIG. 21 Global Microgrid Market for Others, 2017–2027 (US$ Bn)
FIG. 22 Global Microgrid Market Value Share, by Storage, 2018 & 2027 (Value %)
FIG. 23 Global Microgrid Market for Flywheel, 2017–2027 (US$ Bn)
FIG. 24 Global Microgrid Market for Lead Acid, 2017–2027 (US$ Bn)
FIG. 25 Global Microgrid Market for Lithium-Ion, 2017–2027 (US$ Bn)
FIG. 26 Global Microgrid Market for Flow Batteries, 2017–2027 (US$ Bn)
FIG. 27 Global Microgrid Market for Others, 2017–2027 (US$ Bn)
FIG. 28 Global Microgrid Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 29 Global Microgrid Market for Remote, 2017–2027 (US$ Bn)
FIG. 30 Global Microgrid Market for Utility, 2017–2027 (US$ Bn)
FIG. 31 Global Microgrid Market for Military, 2017–2027 (US$ Bn)
FIG. 32 Global Microgrid Market for Healthcare, 2017–2027 (US$ Bn)
FIG. 33 Global Microgrid Market for Industrial/Commercial, 2017–2027 (US$ Bn)
FIG. 34 Global Microgrid Market for Educational Institutes, 2017–2027 (US$ Bn)
FIG. 35 Global Microgrid Market for Others, 2017–2027 (US$ Bn)
FIG. 36 North America Microgrid Market, 2017–2027 (US$ Bn)
FIG. 37 Europe Microgrid Market, 2017–2027 (US$ Bn)
FIG. 38 Asia Pacific Microgrid Market, 2017–2027 (US$ Bn)
FIG. 39 RoW Microgrid Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Microgrid Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global Microgrid Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 5 Global Microgrid Market, by Source, 2017–2027 (US$ Bn)
TABLE 6 Global Microgrid Market, by Storage, 2017–2027 (US$ Bn)
TABLE 7 Global Microgrid Market, by Application, 2017–2027 (US$ Bn)
TABLE 8 Global Microgrid Market, by Geography, 2017–2027 (US$ Bn)
TABLE 9 North America Microgrid Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 10 North America Microgrid Market, by Source, 2017–2027 (US$ Bn)
TABLE 11 North America Microgrid Market, by Storage, 2017–2027 (US$ Bn)
TABLE 12 North America Microgrid Market, by Application, 2017–2027 (US$ Bn)
TABLE 13 North America Microgrid Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 14 Europe Microgrid Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 15 Europe Microgrid Market, by Source, 2017–2027 (US$ Bn)
TABLE 16 Europe Microgrid Market, by Storage, 2017–2027 (US$ Bn)
TABLE 17 Europe Microgrid Market, by Application, 2017–2027 (US$ Bn)
TABLE 18 Europe Microgrid Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific Microgrid Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific Microgrid Market, by Source, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific Microgrid Market, by Storage, 2017–2027 (US$ Bn)
TABLE 22 Asia Pacific Microgrid Market, by Application, 2017–2027 (US$ Bn)
TABLE 23 Asia Pacific Microgrid Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 24 Rest of the World Microgrid Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 25 Rest of the World Microgrid Market, by Source, 2017–2027 (US$ Bn)
TABLE 26 Rest of the World Microgrid Market, by Storage, 2017–2027 (US$ Bn)
TABLE 27 Rest of the World Microgrid Market, by Application, 2017–2027 (US$ Bn)
TABLE 28 Rest of the World Microgrid Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 29 ABB: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Siemens AG : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Schneider Electric SE : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 S&C Electric Company : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 General Electric Company : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 HOMER Energy LLC : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 Eaton Corporation Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 Honeywell International Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 37 Exelon Corporation : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 38 Power Analytics Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Frequently Asked Question:

What is the size of Microgrid Market?

The market for Microgrid Market is expected to reach USD$ 59.12 Bn in 2026.

What is the Microgrid Market CAGR?

The Microgrid Market is expected to see significant CAGR growth over the coming years, at 10.7%.

What is the Forecast period considered for Microgrid Market?

The report is forecasted from 2019 -2027.

What is the base year considered for Microgrid Market?

The base year of this report is 2018.

Who are the major players in this market?

ABB,Siemens AG,Schneider Electric SE S&C Electric Company,General Electric Company,HOMER Energy LLC Eaton Corporation Inc.Honeywell International Inc.Exelon Corporation Power Analytics Corporation. are some of the major players in the global market.

Wood Pellets Market

Published:
Report ID: 6376

Solar Photovoltaic (PV) Market

Published:
Report ID: 6195

Sulphur Recovery Technology Market

Published:
Report ID: 10000

Production Oilfield Services & Equipment Market

Published:
Report ID: 8057

Instrument Transformer Market

Published:
Report ID: 34181

Silent Generator Market

Published:
Report ID: 33936

Nickel Metal Hydride (NiMH) Battery Market 

Published:
Report ID: 33925

Electrical Conduit Market

Published:
Report ID: 33919

Reciprocating Power Generating Engine Market

Published:
Report ID: 33881

High Voltage Switchgear Market

Published:
Report ID: 33862

Solar Light Tower Market

Published:
Report ID: 33703

Solar Dryer Market

Published:
Report ID: 33655

Purchase Options

$2999
Delivery Format: Excel.
$4999
Designed for the individual purchaser.
$6999
Users located at a single corporate site or regional office.
$7999
Allowed for unlimited sharing globally within one company.
Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN