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Microgrid Market Size, Share & Trends Analysis Report By Power Source (Natural Gas, CHP, Fuel Cell), By Product (Remote, Grid Connected, Hybrid), By Application (Education, Government, Commercial), By Region, And Segment Forecasts, 2024 - 2030

Publisher Grand View Research
Published Nov 21, 2023
Length 114 Pages
SKU # GV18388886

Description

Microgrid Market Size, Share & Trends Analysis Report By Power Source (Natural Gas, CHP, Fuel Cell), By Product (Remote, Grid Connected, Hybrid), By Application (Education, Government, Commercial), By Region, And Segment Forecasts, 2024 - 2030


Microgrid Market Growth & Trends

The global microgrid market size is expected to reach USD 224.34 billion by 2030, registering a CAGR of 17.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China, and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution systems as it acts as a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

The rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, the rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Microgrid Market Report Highlights
  • The Combined Heat & Power (CHP) power source segment dominated the global market and accounted for more than 37.0% of the overall revenue share in 2023. Shifting preference from conventional Separate Heat & Power (SHP) system to energy generation from single fuel is expected to have a substantial impact on the segment growth.
  • The grid-connected product segment dominated the global market and accounted for more than 65.0% of the overall revenue share in 2023. The rising popularity of smart micro-grid-connected PV systems to provide electricity to consumers by reducing transmission losses is expected to have a substantial impact.
  • North America led the global market and accounted for more than 35.0% of the overall revenue share in 2023. The high adoption rate of captive power generation methods in the industrial and municipal sectors of the U.S. for reducing reliance on the government-controlled power supply is expected to have a substantial impact.
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Table of Contents

114 Pages
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Microgrid Market Variables, Trends & Scope
3.1. Market segmentation & scope
3.2. Penetration & growth prospect mapping
3.3. Value chain analysis
3.4. Raw material outlook
3.5. Regulatory framework
3.6. Market dynamics
3.6.1. Market driver analysis
3.6.2. Market restraints analysis
3.7. Porter’s analysis
3.8. PESTEL analysis
Chapter 4. Microgrid Market: Power Source Estimates & Trend Analysis
4.1. Power source movement analysis & market share, 2022 & 2030
4.2. Natural Gas
4.2.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
4.2.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
4.3. CHP
4.3.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
4.3.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
4.4. Solar PV
4.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
4.4.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
4.5. Diesel
4.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
4.5.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
4.6. Fuel Cell
4.6.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
4.6.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
4.7. Others
4.7.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
4.7.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
Chapter 5. Microgrid Market: Product Estimates & Trend Analysis
5.1. Product movement analysis & market share, 2022 & 2030
5.2. Remote
5.2.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
5.2.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
5.3. Grid Connected
5.3.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
5.3.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
5.4. Hybrid
5.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
5.4.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
Chapter 6. Microgrid Market: Application Estimates & Trend Analysis
6.1. Application movement analysis & market share, 2022 & 2030
6.2. Government
6.2.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
6.2.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
6.3. Education
6.3.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
6.3.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
6.4. Commercial
6.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
6.4.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
6.5. Utility
6.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
6.5.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
6.6. Defense
6.6.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
6.6.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
6.7. Others
6.7.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
6.7.2. Market estimates and forecasts, by region, 2018 - 2030 (MW) (USD Million)
Chapter 7. Microgrid Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.2.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.2.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.2.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.2.5. U.S.
7.2.5.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.2.5.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.2.5.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.2.5.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.2.6. Canada
7.2.6.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.2.6.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.2.6.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.2.6.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.2.7. Mexico
7.2.7.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.2.7.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.2.7.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.2.7.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.3.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.3.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.3.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.3.5.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.3.5.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.3.5.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.4.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.4.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.4.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.4.5. China
7.4.5.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.4.5.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.4.5.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.4.5.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.4.6. India
7.4.6.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.4.6.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.4.6.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.4.6.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.5.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.5.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.5.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.5.5. Brazil
7.5.5.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.5.5.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.5.5.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.5.5.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
7.6. MEA
7.6.1. Market estimates and forecast, 2018 - 2030 (MW) (USD Million)
7.6.2. Market estimates and forecast, by power source, 2018 - 2030 (MW) (USD Million)
7.6.3. Market estimates and forecast, by product, 2018 - 2030 (MW) (USD Million)
7.6.4. Market estimates and forecast, by application, 2018 - 2030 (MW) (USD Million)
Chapter 8. Competitive Landscape
8.1. Company Market Share Analysis
8.2. Vendor Landscape
8.3. Competitive Environment
8.4. Company Market Positioning
8.5. Strategy Framework
Chapter 9. Company Profiles
9.1. ABB
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Siemens AG
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. General Electric
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Eaton Corporation
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Exelon
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Honeywell International
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. NRG International
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Anarbic
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Pareto
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Spirae
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Northern Power
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Viridity
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives

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