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Global Microgrid Market 2018-2022

Global Microgrid Market 2018-2022

About Microgrid

A microgrid is a smaller type of power grid that has its own collection of power generation assets, energy storage equipment and other distribution equipment necessary to meet local energy needs. A microgrid has the capability to operate with or without being connected to the main power grid, thus making it more resilient and supply power to critical buildings in an event of power outrage.

Technavio’s analysts forecast the global microgrid market to grow at a CAGR of 9.69% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global microgrid market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of industrial fastener seal.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Microgrid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Emerson Electric
  • General Electric
  • Schneider Electric
  • Siemens
Market driver
  • Increasing government support
  • For a full, detailed list, view our report
Market trend
  • Technological advancements
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Microgrid Market 2018-2022

Technavio recognizes the following companies as the key players in the global microgrid market: ABB, Emerson Electric, General Electric, Schneider Electric, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is technological advancements. With the advent of advanced technology, advanced control systems and renewable power generators are gaining traction. The decentralized power systems such as microgrids are adopted more frequently due to the reduced cost of power generators. Moreover, vendors in the solar microgrid market are focusing on building advanced technologies in the energy production process, contributing to the development of flexible and scalable microgrids.”

According to the report, one of the major drivers for this market is increasing government support. Governments across the world are supporting the adoption of microgrids due to its strong endurance capability during natural calamities. The governments are stressing more towards green energy and renewable energy. The microgrids projects are backed by funding benefits in the form of grants from federal and state governments in the US.

Companies Mentioned

ABB, Emerson Electric, General Electric, Schneider Electric, and Siemens.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Benefits of microgrids
  • Market landscape
    • Market ecosystem
      • Table Solar panel components
      • Table Related market
      • Table Global renewable energy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Benefits of microgrids categorized by stakeholders
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ billions)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Remote - Market size and forecast 2017-2022
      • Table Remote - Market size and forecast 2017-2022 ($ billions)
      • Table Remote - Year-over-year growth 2018-2022 (%)
    • Institutions and campus - Market size and forecast 2017-2022
      • Table Institutions and campus - Market size and forecast 2017-2022 ($ billions)
      • Table Institutions and campus - Year-over-year growth 2018-2022 (%)
    • Military - Market size and forecast 2017-2022
      • Table Military - Market size and forecast 2017-2022 ($ billions)
      • Table Military - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ billions)
      • Table Others - Year-over-year growth 2018-2022 (%)
      • Table Estimated cost of unplanned outages in the US
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ billions)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ billions)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ billions)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Timeline of major microgrid programs introduced 1998-2012
      • Table Grid power flow
      • Table Microgrid operation
      • Table Estimation of damage in Tohoku region of Japan
    • Market challenges
      • Table Components of a microgrid
      • Table Estimated cost of microgrid components 2016 (%)
      • Table Exit fees charged by utilities in Las Vegas
  • Market trends
    • Rapid advances in technology
    • Rising demand for microgrids in military applications
    • Microgrids for protection from cybersecurity attacks
      • Table Smart grid implementation and cybersecurity impacts
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • Emerson Electric
      • Table Vendor overview
      • Table Emerson Electric - Business segments
      • Table Emerson Electric - Organizational developments
      • Table Emerson Electric - Geographic focus
      • Table Emerson Electric - Segment focus
      • Table Emerson Electric - Key offerings
    • General Electric
      • Table Vendor overview
      • Table General Electric - Business segments
      • Table General Electric - Organizational developments
      • Table General Electric - Geographic focus
      • Table General Electric - Segment focus
      • Table General Electric - Key offerings
    • Schneider Electric
      • Table Vendor overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric - Key offerings
    • Siemens
      • Table Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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