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Europe Grid Connected Microgrid Market Size - By Grid Type (AC, DC, Hybrid), By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP), By Storage Device, By Application, Regional Outlook & Forecast, 2024 – 2032

Publisher Global Market Insights
Published May 10, 2024
Length 1500 Pages
SKU # GMI19055410

Description

Europe Grid Connected Microgrid Market Size - By Grid Type (AC, DC, Hybrid), By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP), By Storage Device, By Application, Regional Outlook & Forecast, 2024 – 2032


Europe grid connected microgrid market is set to record over 15.9% CAGR during 2024-2032 driven by the increasing focus on energy security, renewable energy integration, and grid resilience. Microgrids offer a decentralized approach to energy distribution, allowing local communities, businesses, and institutions to generate, store, and manage their electricity independently or in conjunction with the main grid.

Stringent environmental regulations and sustainability goals in Europe are further driving the adoption of grid-connected microgrids as part of broader efforts to reduce carbon emissions and mitigate climate change impacts. Microgrids enable efficient energy management and optimize the use of local renewable resources, contributing to the targets for carbon neutrality and energy independence in the region. For instance, in January 2024, Schneider Electric urged energy decision-makers to prioritize digital upgrades to unlock the full potential of sustainable, resilient, efficient, and flexible grids for the future.

The overall industry is classified into grid type, power source, storage device, application, and country.

Based on grid type, the Europe grid connected microgrid market from the DC type segment is slated to gain momentum through 2032, due to efficiency in integrating renewable energy sources and managing energy storage systems. DC microgrids enable the direct integration of solar panels, battery storage, and other DC-powered devices without the need for energy conversion while minimizing energy losses and enhancing the overall system efficiency.

Europe grid connected microgrid market from the utility application segment is anticipated to observe a significant CAGR during 2024 – 2032 led by an increasing focus on enhancing grid reliability, resilience, and efficiency. Grid-connected microgrids enable utilities to optimize energy distribution by integrating renewable energy sources, energy storage systems, and advanced grid management technologies.

Germany grid connected microgrid industry will grow substantially between 2024 and 2032 attributed to the robust support for renewable energy integration, stringent energy efficiency standards, and the strong focus on grid modernization. Germany's Energiewende energy transition policy also aims to achieve a significant share of renewable energy in the national energy mix. Such initiatives are fostering a favorable environment for grid-connected microgrids across the country.

Table of Contents

1500 Pages
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.5 Primary research & validation
1.5.1 Primary sources
1.5.2 Data mining sources
1.6 Market Definitions
Chapter 2 Industry Insights
2.1 Industry ecosystem
2.2 Regulatory landscape
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL analysis
Chapter 3 Competitive landscape, 2023
3.1 Introduction
3.2 Strategic dashboard
3.3 Innovation & sustainability landscape
Chapter 4 Market Size and Forecast, By Grid Type, 2021 – 2032 (MW & USD Billion)
4.1 Key trends
4.2 AC
4.3 DC
4.4 Hybrid
Chapter 5 Market Size and Forecast, By Power Source, 2021 – 2032 (MW & USD Billion)
5.1 Key trends
5.2 Diesel Generators
5.3 Natural Gas
5.4 Solar PV
5.5 CHP
5.6 Others
Chapter 6 Market Size and Forecast, By Storage Device, 2021 – 2032 (MW & USD Billion)
6.1 Key trends
6.2 Lithium-ion
6.3 Lead Acid
6.4 Flow Battery
6.5 Flywheels
6.6 Others
Chapter 7 Market Size and Forecast, By Application, 2021 – 2032 (MW & USD Billion)
7.1 Key trends
7.2 Healthcare
7.3 Educational Institutes
7.4 Military
7.5 Utility
7.6 Industrial/ Commercial
7.7 Remote
7.8 Others
Chapter 8 Market Size and Forecast, By Country, 2021 – 2032 (MW & USD Billion)
8.1 Key trends
8.2 Germany
8.3 France
8.4 UK
8.5 Russia
8.6 Spain
8.7 Italy
8.8 Denmark
Chapter 9 Company Profiles
9.1 Advanced Energy Industries
9.2 ABB
9.3 Emerson
9.4 FlexGen
9.5 General Electric
9.6 Hitachi Energy Ltd.
9.7 Lockheed Martin Corporation
9.8 PowerSecure
9.9 Princeton Power Systems
9.10 S&C Electric Company
9.11 Siemens AG
9.12 Schneider Electric
9.13 Tesla
9.14 Tata Sons Private Limited

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