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Microgrid Market

Publisher Evolve Business Intelligence
Published Apr 14, 2025
SKU # EVBI19932366

Description

The global Microgrid market was valued at $28.23 billion in 2020 and is projected to reach $63.90 billion by 2028, growing at a CAGR of 10.58% from 2021 to 2028. This growth is driven by several macro and microeconomic factors. There is a rising demand for clean energy in both commercial and residential sectors, with microgrids playing a crucial role in reducing carbon footprints. By utilizing technologies like green power production and equipment such as hybrid systems, wind systems, combustion turbines, and microturbines, microgrids contribute to a cleaner environment. Additionally, government and industry initiatives aimed at reducing carbon emissions are further propelling the growth of the microgrid market.

The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.

Segments covered

By Connectivity (Grid Connected, Off-Grid/Island/Remote)
By Offering (Hardware, Software & Services)
By Grid Type (AC microgrid, DC microgrid, Hybrid microgrid)
By End Use (Commercial & Industrial, Remote, Government, Utilities, Institutes & Campuses, Others)

Key players

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

Table of Contents

Chapter 1. Executive Summary
Chapter 2. Scope of The Study
2.1. Market Definition
2.2. Scope of The Study
2.2.1. Objectives of Report
Chapter 3. Evolve BI Methodology
Chapter 4. Market Insights and Trends
4.1. Supply/ Value Chain Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitutes
4.2.5. Industry Rivalry
4.3. Impact of COVID-19 on Microgrid Market
4.3.1. Impact on Market Size
4.3.2. End User Trend, Preferences and Budget Impact
4.3.3. Regulatory Framework/Government Policies
4.3.4. Key Players Strategy to Tackle Negative Impact
4.3.5. Opportunity Window
Chapter 5. Market Dynamics
5.1. Introduction
5.2. DRO Analysis
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
Chapter 6. Global Microgrid Market, By Connectivity
6.1. Introduction
6.2. Grid Connected
6.3. Off-Grid/Island/Remote
Chapter 7. Global Microgrid Market, By offering
7.1. Introduction
7.2. Hardware
7.3. Software & Services
Chapter 8. Global Microgrid Market, By Grid Type
8.1. Introduction
8.2. AC microgrid
8.3. DC microgrid
8.4. Hybrid microgrid
Chapter 9. Global Microgrid Market, By End Use
9.1. Introduction
9.2. Commercial & Industrial
9.3. Remote
9.4. Government
9.5. Utilities
9.6. Institutes & Campuses
9.7. Others
Chapter 10. Global Microgrid Market, By Region
10.1. Introduction
10.2. North America
10.2.1. Introduction
10.2.2. Driving Factors, Opportunity Analyzed and Key Trends
10.2.3. Market Size and Forecast, By Country, 2020 - 2028
10.2.4. Market Size and Forecast, By connectivity, 2020 - 2028
10.2.5. Market Size and Forecast, By offering, 2020 - 2028
10.2.6. Market Size and Forecast, By Grid Type, 2020 – 2028
10.2.7. Market Size and Forecast, By End User, 2020 – 2028
10.2.8. US
10.2.8.1. Introduction
10.2.8.2. Driving Factors, Opportunity Analyzed and Key Trends
10.2.8.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.2.8.4. Market Size and Forecast, By offering, 2020 - 2028
10.2.8.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.2.8.6. Market Size and Forecast, By End User, 2020 - 2028
10.2.9. Canada
10.2.9.1. Introduction
10.2.9.2. Driving Factors, Opportunity Analyzed and Key Trends
10.2.9.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.2.9.4. Market Size and Forecast, By offering, 2020 - 2028
10.2.9.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.2.9.6. Market Size and Forecast, By End User, 2020 - 2028
10.3. Europe
10.3.1. Introduction
10.3.2. Driving Factors, Opportunity Analyzed and Key Trends
10.3.3. Market Size and Forecast, By Country, 2020 - 2028
10.3.4. Market Size and Forecast, By connectivity, 2020 - 2028
10.3.5. Market Size and Forecast, By offering, 2020 - 2028
10.3.6. Market Size and Forecast, By Grid Type, 2020 – 2028
10.3.7. Market Size and Forecast, By End User, 2020 – 2028
10.3.8. Germany
10.3.8.1. Introduction
10.3.8.2. Driving Factors, Opportunity Analyzed and Key Trends
10.3.8.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.3.8.4. Market Size and Forecast, By offering, 2020 - 2028
10.3.8.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.3.8.6. Market Size and Forecast, By End User, 2020 - 2028
10.3.9. France
10.3.9.1. Introduction
10.3.9.2. Driving Factors, Opportunity Analyzed and Key Trends
10.3.9.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.3.9.4. Market Size and Forecast, By offering, 2020 - 2028
10.3.9.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.3.9.6. Market Size and Forecast, By End User, 2020 - 2028
10.3.10. UK
10.3.10.1. Introduction
10.3.10.2. Driving Factors, Opportunity Analyzed and Key Trends
10.3.10.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.3.10.4. Market Size and Forecast, By offering, 2020 - 2028
10.3.10.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.3.10.6. Market Size and Forecast, By End User, 2020 - 2028
10.3.11. Italy
10.3.11.1. Introduction
10.3.11.2. Driving Factors, Opportunity Analyzed and Key Trends
10.3.11.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.3.11.4. Market Size and Forecast, By offering, 2020 - 2028
10.3.11.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.3.11.6. Market Size and Forecast, By End User, 2020 - 2028
10.3.12. Rest of Europe
10.3.12.1. Introduction
10.3.12.2. Driving Factors, Opportunity Analyzed and Key Trends
10.3.12.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.3.12.4. Market Size and Forecast, By offering, 2020 - 2028
10.3.12.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.3.12.6. Market Size and Forecast, By End User, 2020 - 2028
10.4. Asia-Pacific
10.4.1. Introduction
10.4.2. Driving Factors, Opportunity Analyzed and Key Trends
10.4.3. Market Size and Forecast, By Country, 2020 - 2028
10.4.4. Market Size and Forecast, By connectivity, 2020 - 2028
10.4.5. Market Size and Forecast, By offering, 2020 - 2028
10.4.6. Market Size and Forecast, By Grid Type, 2020 – 2028
10.4.7. Market Size and Forecast, By End User, 2020 - 2028
10.4.8. China
10.4.8.1. Introduction
10.4.8.2. Driving Factors, Opportunity Analyzed and Key Trends
10.4.8.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.4.8.4. Market Size and Forecast, By offering, 2020 - 2028
10.4.8.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.4.8.6. Market Size and Forecast, By End User, 2020 - 2028
10.4.9. India
10.4.9.1. Introduction
10.4.9.2. Driving Factors, Opportunity Analyzed and Key Trends
10.4.9.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.4.9.4. Market Size and Forecast, By offering, 2020 - 2028
10.4.9.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.4.9.6. Market Size and Forecast, By End User, 2020 - 2028
10.4.10. Japan
10.4.10.1. Introduction
10.4.10.2. Driving Factors, Opportunity Analyzed and Key Trends
10.4.10.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.4.10.4. Market Size and Forecast, By offering, 2020 - 2028
10.4.10.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.4.10.6. Market Size and Forecast, By End User, 2020 - 2028
10.4.11. South Korea
10.4.11.1. Introduction
10.4.11.2. Driving Factors, Opportunity Analyzed and Key Trends
10.4.11.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.4.11.4. Market Size and Forecast, By offering, 2020 - 2028
10.4.11.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.4.11.6. Market Size and Forecast, By End User, 2020 - 2028
10.4.12. Rest of Asia-Pacific
10.4.12.1. Introduction
10.4.12.2. Driving Factors, Opportunity Analyzed and Key Trends
10.4.12.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.4.12.4. Market Size and Forecast, By offering, 2020 - 2028
10.4.12.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.4.12.6. Market Size and Forecast, By End User, 2020 - 2028
10.5. Rest of The World (RoW)
10.5.1. Introduction
10.5.2. Driving Factors, Opportunity Analyzed and Key Trends
10.5.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.5.4. Market Size and Forecast, By offering, 2020 - 2028
10.5.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.5.6. Market Size and Forecast, By End User, 2020 - 2028
10.5.7. Market Size and Forecast, By Region, 2020 - 2028
10.5.8. South America
10.5.8.1. Introduction
10.5.8.2. Driving Factors, Opportunity Analyzed and Key Trends
10.5.8.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.5.8.4. Market Size and Forecast, By offering, 2020 - 2028
10.5.8.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.5.8.6. Market Size and Forecast, By End User, 2020 - 2028
10.5.9. Middle East & Africa
10.5.9.1. Introduction
10.5.9.2. Driving Factors, Opportunity Analyzed and Key Trends
10.5.9.3. Market Size and Forecast, By connectivity, 2020 - 2028
10.5.9.4. Market Size and Forecast, By offering, 2020 - 2028
10.5.9.5. Market Size and Forecast, By Grid Type, 2020 – 2028
10.5.9.6. Market Size and Forecast, By End User, 2020 - 2028
Chapter 11. Competitive Landscape
11.1. Introduction
11.2. Vendor Share Analysis, 2020/Key Players Positioning, 2020
Chapter 12. Company Profiles
12.1. ABB
12.1.1. Business Overview
12.1.2. Financial Analysis
12.1.3. Product Portfolio
12.1.4. Recent Development and Strategies Adopted
12.1.5. SWOT Analysis
12.2. General Electric Company
12.2.1. Business Overview
12.2.2. Financial Analysis
12.2.3. Product Portfolio
12.2.4. Recent Development and Strategies Adopted
12.2.5. SWOT Analysis
12.3. Eaton Corporation Inc
12.3.1. Business Overview
12.3.2. Financial Analysis
12.3.3. Product Portfolio
12.3.4. Recent Development and Strategies Adopted
12.3.5. SWOT Analysis
12.4. Schneider Electric SE
12.4.1. Business Overview
12.4.2. Financial Analysis
12.4.3. Product Portfolio
12.4.4. Recent Development and Strategies Adopted
12.4.5. SWOT Analysis
12.5. Honeywell International Inc.
12.5.1. Business Overview
12.5.2. Financial Analysis
12.5.3. Product Portfolio
12.5.4. Recent Development and Strategies Adopted
12.5.5. SWOT Analysis
12.6. HOMER Energy LLC
12.6.1. Business Overview
12.6.2. Financial Analysis
12.6.3. Product Portfolio
12.6.4. Recent Development and Strategies Adopted
12.6.5. SWOT Analysis
12.7. S&C Electric Company
12.7.1. Business Overview
12.7.2. Financial Analysis
12.7.3. Product Portfolio
12.7.4. Recent Development and Strategies Adopted
12.7.5. SWOT Analysis
12.8. Siemens AG
12.8.1. Business Overview
12.8.2. Financial Analysis
12.8.3. Product Portfolio
12.8.4. Recent Development and Strategies Adopted
12.8.5. SWOT Analysis
12.9. Exelon Corporation
12.9.1. Business Overview
12.9.2. Financial Analysis
12.9.3. Product Portfolio
12.9.4. Recent Development and Strategies Adopted
12.9.5. SWOT Analysis
12.10. Power Analytics Corporation
12.10.1. Business Overview
12.10.2. Financial Analysis
12.10.3. Product Portfolio
12.10.4. Recent Development and Strategies Adopted
12.10.5. SWOT Analysis
Chapter 13. Key Takeaways

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