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Global Microgrid Market 2025-2029

Publisher TechNavio
Published Jan 29, 2025
Length 209 Pages
SKU # INF19584549

Description

Global Microgrid Market 2024-2028

The microgrid market is forecasted to grow by USD 32848.9 mn during 2023-2028, accelerating at a CAGR of 15.12% during the forecast period. The report on the microgrid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need for resilience, rise in adoption of microgrids in rural areas, and recent developments in microgrid.

Technavio's microgrid market is segmented as below:

By Application
  • Remote
  • Institutions and campus
  • Military
  • Others
By Connectivity
  • Grid connected
  • Off-grid connected
By Geographical Landscape
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the rapid advances in technology as one of the prime reasons driving the microgrid market growth during the next few years. Also, rising demand for microgrids in military applications and microgrids for protection from cybersecurity attacks will lead to sizable demand in the market.

The report on the microgrid market covers the following areas:
  • Microgrid market sizing
  • Microgrid market forecast
  • Microgrid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microgrid market vendors that include ABB Ltd., Anbaric Development Partners LLC, Canopy Power, Eaton Corp. PLC, Emerson Electric Co., Exelon Corp., General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL Solutions Inc.. Also, the microgrid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

209 Pages
    • Market overview
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Criticality of inputs and Factors of differentiation
    • Factors of disruption
    • Impact of drivers and challenges
    • Market ecosystem
    • Market characteristics
    • Value chain analysis
    • Market definition
    • Market segment analysis
    • Market size 2024
    • Market outlook: Forecast for 2024-2029
    • Global Microgrid Market 2019 - 2023
    • Application segment analysis 2019 - 2023
    • Connectivity segment analysis 2019 - 2023
    • Geography segment analysis 2019 - 2023
    • Country segment analysis 2019 - 2023
    • Impact of AI on Global Microgrid Market
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Application
    • Remote - Market size and forecast 2024-2029
    • Institutions and campus - Market size and forecast 2024-2029
    • Military - Market size and forecast 2024-2029
    • Others - Market size and forecast 2024-2029
    • Market opportunity by Application
    • Market segments
    • Comparison by Connectivity
    • Grid connected - Market size and forecast 2024-2029
    • Off-grid connected - Market size and forecast 2024-2029
    • Market opportunity by Connectivity
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2024-2029
    • APAC - Market size and forecast 2024-2029
    • Europe - Market size and forecast 2024-2029
    • South America - Market size and forecast 2024-2029
    • Middle East and Africa - Market size and forecast 2024-2029
    • US - Market size and forecast 2024-2029
    • China - Market size and forecast 2024-2029
    • India - Market size and forecast 2024-2029
    • Canada - Market size and forecast 2024-2029
    • Japan - Market size and forecast 2024-2029
    • Germany - Market size and forecast 2024-2029
    • Brazil - Market size and forecast 2024-2029
    • Argentina - Market size and forecast 2024-2029
    • UK - Market size and forecast 2024-2029
    • South Korea - Market size and forecast 2024-2029
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market opportunities/restraints
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
    • Companies profiled
    • Company ranking index
    • Market positioning of companies
    • ABB Ltd
    • Eaton Corp.
    • Emerson Electric Co.
    • Exelon Corp.
    • General Electric Co.
    • General MicroGrids
    • Honeywell International Inc.
    • Pareto Energy
    • Powerhive Inc.
    • S and C Electric Co.
    • Schneider Electric SE
    • Siemens AG
    • Tesla Inc.
    • TotalEnergies SE
    • UL Solutions Inc.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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