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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1327314

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1327314

Microgrid Market by Connectivity (Grid Connected, Off-grid), Offering (Hardware (Controllers, Energy Storage), Software, Services), End User, Type, Power Source, Power Rating (Below 1 MW, 1-5 MW, 5-10 MW) and Region - Global Forecast to 2028

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The global microgrid market is estimated to grow from USD 31.5 billion in 2023 to USD 79.0 billion in 2028; it is expected to grow at a CAGR of 20.1% during the forecast period. The market has a promising growth potential due to several factors, including decarbonization, rural electrification, resilience needs, and cybersecurity concerns. It presents opportunities through government initiatives, technological advancements, electric vehicle integration, distributed energy resources management, and expansion in the industrial and commercial sectors.

"Grid Connected microgrids expected to witness highest CAGR during the forecast period."

The grid-connected segment is poised to capture the largest market share and exhibit significant growth throughout the forecast period. Grid-connected microgrids establish a physical connection with the utility switching mechanism at the point of common coupling (PCC), offering the flexibility to disconnect and reconnect with the main grid as needed. These microgrids incorporate multiple distribution systems and advanced control mechanisms, which enhance power quality, mitigate environmental impact, and improve grid reliability. As a result, the demand for grid-connected microgrids is expected to rise due to their enhanced functionality and benefits.

"Microgrid software market likely to witness higher CAGR between 2023 and 2028."

The microgrid software market is projected to record the highest growth rate during the forecast period. Microgrid systems have become more complex, incorporating diverse energy sources, energy storage systems, and intelligent controls; advanced software solutions are needed to manage and optimize their operations effectively. Microgrid software provides comprehensive management capabilities such as energy flow control, load balancing, real-time monitoring, and predictive analytics, enabling microgrids' efficient and reliable performance.

"Healthcare to witness second highest growth rate for the end-user segment during the forecast period."

The healthcare sector offers significant growth opportunities in the microgrid market due to critical power requirements, the potential for energy cost savings, environmental sustainability focus, resilience and emergency preparedness needs, and a supportive regulatory environment. Healthcare facilities, such as hospitals and clinics, have critical power needs essential for patient care and safety. A Reliable and uninterrupted power supply is vital for operating medical equipment, life support systems, refrigeration for vaccines and medications, and maintaining lighting and HVAC systems. Microgrids provide a resilient power solution, ensuring continuous electricity supply even during grid outages or disruptions, thus addressing the critical power requirements of healthcare facilities.

"America is likely to hold the largest market share in 2022."

The microgrid market in the Americas is categorized further under North America and South America. North America held nearly 70% share of the market for microgrids in the Americas in 2022. The Americas dominates the microgrid market due to its technological leadership, supportive government policies, emphasis on energy security, diverse market opportunities, and active research and development. These factors have propelled the region's strong market presence in microgrids.

Breakdown of primaries

A variety of executives from key organizations operating in the microgrid market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.

  • By Company Type: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
  • By Designation: C-level Executives = 35%, Directors = 30%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 35%
  • By Region: Americas = 40%, Europe = 25%, Asia Pacific =20%, and Rest of the World = 15%

Key players profiled in this report

Schneider Electric (France), General Electric (US), Siemens (Germany), Eaton (US), ABB (Switzerland), Hitachi Energy Ltd. (Switzerland), Honeywell International Inc. (US), HOMER Energy (US), S&C Electric (US), Power Analytics (US) are the key players in the microgrid market. These leading companies possess a robust portfolio of products and services, establishing a strong presence in established and emerging markets. The study provides a comprehensive competitive analysis of these key players in the microgrid market, presenting their company profiles, recent developments, and key market strategies.

Research Coverage

This report offers detailed insights into the microgrid market based on Connectivity (Grid Connected, Off-grid connected), Offering (Hardware, Software, Services), Type (AC Microgrids, DC Microgrids, Hybrid), Pattern (Urban/Metropolitan, Semiurban, Rural Areas/ Islands), Power Source (Natural Gas, Solar PV, Combined Heat and Power, Diesel, Fuel Cell, and Others), Power Rating ( Less Than 1 MW, 1 MW To 5 MW, 5 MW To 10 MW, and Above 10 MW), End User (Commercial & Industrial, Remote, Institutes & Campuses, Government, Utilities, Military, and Healthcare), and region (Americas, Europe, Asia Pacific, and Rest of the World which includes the Middle East and Africa (MEA)) and Africa.

The report also comprehensively reviews the microgrid market drivers, restraints, opportunities, and challenges. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Reasons to buy the report:

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the microgrid market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing emphasis on decarbonization by end users and governments

Growing need for reliable, uninterrupted power supply; Surging use of microgrids for rural electrification, Rising instances of cyberattacks on energy infrastructure; Rising demand for EV charging infrastructure; Increasing need for demand response and load management capabilities), restraints (Huge installation and maintenance costs of microgrids; Complexities in grid interconnections), opportunities (Increasing number of microgrid projects across different industries; Surging energy demand and adoption of renewable energy in the Asia Pacific; Growing interest of investors in EaaS business model to minimize costs; Rising encouragement from governments for developing microgrid projects; Digitalization and smart grid integration) and challenges (Lack of standardization and regulatory frameworks related to microgrid operations; Technical challenges of microgrids operating in island mode; Complexities in standardizing the scalability of microgrids).

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the microgrid market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the microgrid market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the microgrid market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Schneider Electric (France), General Electric (US), Siemens (Germany), Eaton (US), ABB (Switzerland), Hitachi Energy Ltd. (Switzerland), Honeywell International Inc. (US), HOMER Energy (US), S&C Electric (US), Power Analytics (US) among others.
Product Code: SE 2881

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS AND EXCLUSIONS: OFFERING SEGMENT
    • 1.2.2 INCLUSIONS AND EXCLUSIONS: OTHER SEGMENTS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • FIGURE 1 MICROGRID MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
    • 1.3.3 YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
  • 1.5 UNITS CONSIDERED
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS
  • 1.8 SUMMARY OF CHANGES
    • 1.8.1 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 MICROGRID MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
    • FIGURE 3 MICROGRID MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 Major secondary sources
      • 2.1.1.2 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Primary interviews with experts
      • 2.1.2.2 List of key primary interview participants
      • 2.1.2.3 Breakdown of primaries
      • 2.1.2.4 Key data from primary sources
    • 2.1.3 SECONDARY AND PRIMARY RESEARCH
      • 2.1.3.1 Key industry insights
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach to arrive at market size using bottom-up analysis
    • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
      • 2.2.1.2 Approach to obtain company-specific information on microgrid value chain
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach to arrive at market size using top-down analysis
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • 2.3 FACTOR ANALYSIS
    • 2.3.1 SUPPLY-SIDE ANALYSIS
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED FROM SALE OF MICROGRIDS
    • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED FROM SALE OF MICROGRID HARDWARE, SOFTWARE, AND SERVICES
    • 2.3.2 DEMAND-SIDE ANALYSIS
    • FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY (DEMAND SIDE): BOTTOM-UP APPROACH FOR ESTIMATING MICROGRID MARKET SIZE BASED ON REGION
    • FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY (DEMAND-SIDE): APPROACH FOR ESTIMATING COUNTRY-LEVEL MICROGRID MARKET SIZE
    • 2.3.3 GROWTH FORECAST ASSUMPTIONS
    • TABLE 1 MICROGRID MARKET: KEY FORECAST ASSUMPTIONS
  • 2.4 DATA TRIANGULATION
    • FIGURE 10 MICROGRID MARKET: DATA TRIANGULATION METHODOLOGY
  • 2.5 RESEARCH ASSUMPTIONS
    • TABLE 2 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT
  • 2.6 RISK ASSESSMENT
    • FIGURE 11 RISK ASSESSMENT
  • 2.7 RECESSION IMPACT

3 EXECUTIVE SUMMARY

    • FIGURE 12 MICROGRID MARKET SIZE, 2019-2028 (USD BILLION)
    • FIGURE 13 GRID-CONNECTED SEGMENT TO DOMINATE MICROGRID MARKET IN 2028
    • FIGURE 14 HARDWARE SEGMENT TO LEAD MICROGRID MARKET IN 2028
    • FIGURE 15 POWER GENERATORS SEGMENT TO HOLD LARGEST SHARE OF MICROGRID HARDWARE MARKET FROM 2023 TO 2028
    • FIGURE 16 COMMERCIAL & INDUSTRIAL BUILDINGS SEGMENT TO HOLD LARGEST SHARE OF MICROGRID MARKET IN 2028
    • FIGURE 17 MICROGRIDS WITH POWER RATINGS FROM 1 TO 5 MW TO HOLD LARGEST MARKET SHARE IN 2028
    • FIGURE 18 MICROGRID MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MICROGRID MARKET
    • FIGURE 19 INCREASING DEMAND FOR RURAL ELECTRIFICATION AND MINIMIZING GREENHOUSE GAS EMISSIONS TO DRIVE MICROGRID MARKET
  • 4.2 MICROGRID MARKET, BY OFFERING
    • FIGURE 20 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF MICROGRID MARKET IN 2028
  • 4.3 MICROGRID MARKET, BY HARDWARE TYPE
    • FIGURE 21 POWER GENERATORS SEGMENT TO LEAD MICROGRID HARDWARE MARKET FROM 2023 TO 2028
  • 4.4 MICROGRID MARKET, BY CONNECTIVITY
    • FIGURE 22 GRID-CONNECTED MICROGRIDS SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028
  • 4.5 MICROGRID MARKET, BY POWER RATING
    • FIGURE 23 MICROGRIDS WITH POWER RATINGS FROM 1 TO 5 MW TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
  • 4.6 MICROGRID MARKET, BY END USER
    • FIGURE 24 COMMERCIAL & INDUSTRIAL BUILDINGS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MICROGRID MARKET FROM 2019 TO 2028
  • 4.7 MICROGRID MARKET, BY REGION
    • FIGURE 25 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF MICROGRID MARKET IN 2028

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 26 MICROGRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Increasing emphasis on decarbonization
      • 5.2.1.2 Growing need for reliable and uninterrupted power supply
      • 5.2.1.3 Surging deployment of microgrids for rural electrification
      • 5.2.1.4 Growing instances of cyberattacks on energy infrastructure
      • 5.2.1.5 Rising demand for EV charging infrastructure
      • 5.2.1.6 Increasing need for demand response and load management capabilities
    • FIGURE 27 DRIVERS AND THEIR IMPACT ON MICROGRID MARKET
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Huge installation and maintenance costs of microgrids
      • 5.2.2.2 Complexities in grid interconnections
    • FIGURE 28 RESTRAINTS AND THEIR IMPACT ON MICROGRID MARKET
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Increasing number of microgrid projects across different industries
      • 5.2.3.2 Surging energy demand and adoption of renewable energy in Asia Pacific
      • 5.2.3.3 Growing interest of investors in EaaS business model to minimize cost
    • TABLE 3 BUSINESS MODEL OF COMPANIES IN MICROGRID ECOSYSTEM
      • 5.2.3.4 Rising government support for microgrid projects
      • 5.2.3.5 Digitalization and smart grid integration
    • FIGURE 29 OPPORTUNITIES AND THEIR IMPACT ON MICROGRID MARKET
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Lack of standardization and regulatory frameworks related to microgrid operations
      • 5.2.4.2 Technical challenges of microgrids operating in island mode
      • 5.2.4.3 Complexities in standardizing scalability of microgrids
    • FIGURE 30 CHALLENGES AND THEIR IMPACT ON MICROGRID MARKET
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 31 MICROGRID MARKET: VALUE CHAIN ANALYSIS, 2022
  • 5.4 MICROGRID MARKET ECOSYSTEM
    • FIGURE 32 MICROGRID MARKET: ECOSYSTEM
    • TABLE 4 MICROGRID MARKET: ECOSYSTEM
    • FIGURE 33 KEY PLAYERS IN MICROGRID MARKET ECOSYSTEM
  • 5.5 PRICING ANALYSIS
    • FIGURE 34 AVERAGE PRICE OF MICROGRIDS, BY END USER AND PROJECT SIZE
    • TABLE 5 AVERAGE PRICE OF MICROGRID PROJECTS FOR TOP THREE APPLICATIONS (USD MILLION/MW)
    • 5.5.1 PRICING TREND
    • FIGURE 35 MICROGRID MARKET: COST OF MICROGRID PROJECTS
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • FIGURE 36 REVENUE SHIFT IN MICROGRID MARKET
  • 5.7 TECHNOLOGY ANALYSIS
    • 5.7.1 BLOCKCHAIN-BASED MICROGRIDS
    • 5.7.2 SMART MICROGRIDS
    • 5.7.3 AI-BASED MICROGRIDS
    • 5.7.4 VIRTUAL POWER PLANTS (VPPS)
    • 5.7.5 MICROGRID SMART CONTROLLERS
    • 5.7.6 ADVANCED MATERIALS FOR MICROGRIDS
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • TABLE 6 IMPACT OF PORTER'S FIVE FORCES ON MICROGRID MARKET
    • FIGURE 37 MICROGRID MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.8.1 THREAT OF NEW ENTRANTS
    • 5.8.2 THREAT OF SUBSTITUTES
    • 5.8.3 BARGAINING POWER OF SUPPLIERS
    • 5.8.4 BARGAINING POWER OF BUYERS
    • 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
    • TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%)
    • 5.9.2 BUYING CRITERIA
    • FIGURE 39 KEY BUYING CRITERIA FOR TOP THREE END USERS
    • TABLE 8 KEY BUYING CRITERIA FOR TOP THREE END USERS
  • 5.10 CASE STUDIES
    • 5.10.1 GE PROVIDED CAMPUS-BASED MICROGRID SYSTEM TO UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY (CANADA)
    • 5.10.2 GE PROVIDED RESILIENT AND RELIABLE POWER SUPPLY SYSTEMS FOR NAVY SHIPYARD PROJECT IN PHILADELPHIA (US)
    • 5.10.3 SOLAR ONE ENERGY USED HOMER GRID TO MODEL ENERGY COSTS FOR ACE NATURAL
    • 5.10.4 S&C ELECTRIC COMPANY PROVIDED ENERGY STORAGE INTEGRATOR FOR MICROGRID PROJECT BY HALF MOON VENTURES
    • 5.10.5 S&C ELECTRIC COMPANY PROVIDED ENERGY STORAGE SYSTEMS FOR MICROGRIDS OF ERGON ENERGY
    • 5.10.6 AEG POWER SOLUTIONS PROVIDED GRID-FORMING INVERTER FOR UNINTERRUPTED POWER SUPPLY TO MBOGO VALLEY TEA FACTORY
    • 5.10.7 HITACHI ENERGY PROVIDED AFFORDABLE POWER TO SOUTH AFRICA
  • 5.11 TRADE ANALYSIS
    • TABLE 9 IMPORT DATA FOR ELECTRIC MOTORS AND GENERATORS (EXCLUDING GENERATING SETS), HS CODE: 8501 (USD MILLION)
    • FIGURE 40 ELECTRIC MOTORS AND GENERATORS (EXCLUDING GENERATING SETS), IMPORT VALUES FOR MAJOR COUNTRIES, 2018-2022
    • TABLE 10 EXPORT DATA FOR ELECTRIC MOTORS AND GENERATORS (EXCLUDING GENERATING SETS), HS CODE: 8501 (USD MILLION)
    • FIGURE 41 ELECTRIC MOTORS AND GENERATORS (EXCLUDING GENERATING SETS), EXPORT VALUES FOR MAJOR COUNTRIES, 2018-2022
    • TABLE 11 IMPORT DATA FOR ELECTRONIC-INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS, HS CODE: 854231 (USD MILLION)
    • FIGURE 42 ELECTRONIC-INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS, IMPORT VALUES FOR MAJOR COUNTRIES, 2018-2022
    • TABLE 12 EXPORT DATA FOR ELECTRONIC-INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS, HS CODE: 854231 (USD MILLION)
    • FIGURE 43 ELECTRONIC-INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS, EXPORT VALUES FOR MAJOR COUNTRIES, 2018-2022
  • 5.12 PATENT ANALYSIS
    • FIGURE 44 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
    • FIGURE 45 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
    • TABLE 13 NUMBER OF PATENTS RELATED TO MICROGRID MARKET REGISTERED IN LAST 10 YEARS
    • TABLE 14 LIST OF KEY PATENTS IN MICROGRID MARKET, 2020-2023
  • 5.13 KEY CONFERENCES AND EVENTS, 2023-2024
    • TABLE 15 MICROGRID MARKET: LIST OF CONFERENCES AND EVENTS
  • 5.14 REGULATORY LANDSCAPE
    • 5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 16 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.14.2 CODES AND STANDARDS RELATED TO MICROGRIDS
    • TABLE 17 CODES AND STANDARDS RELATED TO MICROGRIDS
    • 5.14.3 STANDARDS AND REGULATIONS RELATED TO MICROGRID MARKET
      • 5.14.3.1 North America
        • 5.14.3.1.1 US
        • 5.14.3.1.2 Canada
      • 5.14.3.2 Europe
        • 5.14.3.2.1 European Union
        • 5.14.3.2.2 Germany
        • 5.14.3.2.3 UK
      • 5.14.3.3 Asia Pacific
        • 5.14.3.3.1 China
        • 5.14.3.3.2 India
        • 5.14.3.3.3 Japan
        • 5.14.3.3.4 Australia
      • 5.14.3.4 Rest of the World
        • 5.14.3.4.1 Brazil
        • 5.14.3.4.2 Kenya

6 MICROGRID MARKET, BY TYPE

  • 6.1 INTRODUCTION
    • FIGURE 46 MICROGRID MARKET, BY TYPE
  • 6.2 AC MICROGRIDS
    • 6.2.1 RISING NEED FOR RURAL AND REMOTE ELECTRIFICATION TO DRIVE MARKET
  • 6.3 DC MICROGRIDS
    • 6.3.1 HIGHER DEMAND FROM DATA CENTERS TO PROPEL MARKET
  • 6.4 HYBRID MICROGRIDS
    • 6.4.1 GRID INDEPENDENCE AND ISLANDING CAPABILITIES TO BOOST MARKET

7 MICROGRID MARKET, BY PATTERN

  • 7.1 INTRODUCTION
    • FIGURE 47 MICROGRID MARKET, BY PATTERN
  • 7.2 URBAN/METROPOLITAN
    • 7.2.1 INCREASING POWER REQUIREMENT IN CRITICAL INFRASTRUCTURE TO BOOST MARKET
    • FIGURE 48 DRIVERS OF MICROGRID MARKET IN URBAN/METROPOLITAN AREAS
  • 7.3 SEMI-URBAN
    • 7.3.1 GROWING NEED FOR UNINTERRUPTED POWER SUPPLY IN INDUSTRIAL FACILITIES TO DRIVE MARKET
  • 7.4 RURAL/ISLAND
    • 7.4.1 RISING DEMAND FOR POWER SUPPLY TO REMOTE AREAS AND AGRICULTURAL APPLICATIONS TO FUEL MARKET GROWTH

8 MICROGRID MARKET, BY CONNECTIVITY

  • 8.1 INTRODUCTION
    • FIGURE 49 MICROGRID MARKET, BY CONNECTIVITY
    • TABLE 18 MICROGRID MARKET, BY CONNECTIVITY, 2019-2022 (USD BILLION)
    • FIGURE 50 GRID-CONNECTED MICROGRIDS TO RECORD HIGHER CAGR DURING FORECAST PERIOD
    • TABLE 19 MICROGRID MARKET, BY CONNECTIVITY, 2023-2028 (USD BILLION)
  • 8.2 GRID-CONNECTED
    • 8.2.1 EXPANSION OF UTILITY-BASED GRID NETWORKS TO DRIVE MARKET
    • TABLE 20 GRID-CONNECTED: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 51 ASIA PACIFIC TO EXHIBIT FASTEST GROWTH IN GRID-CONNECTED MICROGRID MARKET DURING FORECAST PERIOD
    • TABLE 21 GRID-CONNECTED: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 8.3 OFF-GRID
    • 8.3.1 COST SAVINGS AND ENVIRONMENT-FRIENDLY BENEFITS OF USING RENEWABLE ENERGY SOURCES TO SUPPORT MARKET GROWTH
    • TABLE 22 OFF-GRID: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 52 ASIA PACIFIC TO HOLD LARGEST SHARE OF OFF-GRID MICROGRID MARKET IN 2028
    • TABLE 23 OFF-GRID: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)

9 MICROGRID MARKET, BY OFFERING

  • 9.1 INTRODUCTION
    • FIGURE 53 MICROGRID MARKET, BY OFFERING
    • TABLE 24 MICROGRID MARKET, BY OFFERING, 2019-2022 (USD BILLION)
    • FIGURE 54 SOFTWARE SEGMENT TO RECORD FASTEST GROWTH RATE DURING FORECAST PERIOD
    • TABLE 25 MICROGRID MARKET, BY OFFERING, 2023-2028 (USD BILLION)
  • 9.2 HARDWARE
    • FIGURE 55 MICROGRID HARDWARE MARKET, BY TYPE
    • TABLE 26 HARDWARE: MICROGRID MARKET, BY TYPE, 2019-2022 (USD BILLION)
    • FIGURE 56 POWER GENERATORS TO HOLD LARGEST MARKET SHARE IN 2028
    • TABLE 27 HARDWARE: MICROGRID MARKET, BY TYPE, 2023-2028 (USD BILLION)
    • TABLE 28 HARDWARE: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 57 MICROGRID HARDWARE MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 29 HARDWARE: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
    • 9.2.1 POWER GENERATORS
      • 9.2.1.1 Increasing need to achieve reliable electricity supply from different fuel sources to boost segment
    • TABLE 30 POWER GENERATORS: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • TABLE 31 POWER GENERATORS: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
    • 9.2.2 ENERGY STORAGE SYSTEMS
      • 9.2.2.1 Growing requirement for energy storage for uninterrupted power supply to propel segment
    • TABLE 32 ENERGY STORAGE SYSTEMS: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • TABLE 33 ENERGY STORAGE SYSTEMS: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
      • 9.2.2.2 Lithium-ion batteries
      • 9.2.2.3 Lead-acid batteries
      • 9.2.2.4 Flow batteries
      • 9.2.2.5 Flywheels
      • 9.2.2.6 Others
    • 9.2.3 CONTROLLERS
      • 9.2.3.1 Rising need for automation to support segment growth
    • TABLE 34 CONTROLLERS: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • TABLE 35 CONTROLLERS: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 9.3 SOFTWARE
    • 9.3.1 INCREASING DEMAND FOR PREDICTIVE AND REMOTE MAINTENANCE TO PROPEL SEGMENT
    • TABLE 36 SOFTWARE: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 58 MICROGRID SOFTWARE MARKET IN AMERICAS TO ACCOUNT FOR LARGEST SHARE IN 2028
    • TABLE 37 SOFTWARE: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 9.4 SERVICES
    • 9.4.1 GROWING NUMBER OF MICROGRID INSTALLATIONS TO CREATE NEW OPPORTUNITIES FOR SEGMENT
    • TABLE 38 SERVICES: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 59 MICROGRID SERVICES MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 39 SERVICES: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)

10 MICROGRID MARKET, BY POWER RATING

  • 10.1 INTRODUCTION
    • TABLE 40 MICROGRID MARKET, BY POWER RATING, 2019-2022 (USD BILLION)
    • FIGURE 60 MICROGRIDS WITH 1 TO 5 MW POWER RATING TO HOLD LARGEST MARKET SHARE IN 2028
    • TABLE 41 MICROGRID MARKET, BY POWER RATING, 2023-2028 (USD BILLION)
  • 10.2 <1 MW
    • 10.2.1 INCREASING USE IN REMOTE AREAS, UTILITIES, AND TEMPORARY CONSTRUCTION SITES TO DRIVE DEMAND
  • 10.3 1 TO 5 MW
    • 10.3.1 RISING DEPLOYMENT IN AGRICULTURE, COMMERCIAL BUILDINGS, AND INSTITUTIONS TO BOOST MARKET
  • 10.4 >5 TO 10 MW
    • 10.4.1 HIGH ADOPTION IN HOSPITALS AND DATA CENTERS TO PROPEL MARKET
  • 10.5 >10 MW
    • 10.5.1 SURGING DEMAND FROM REMOTE MINING AND HEAVY MACHINERY SECTORS TO FUEL MARKET GROWTH

11 MICROGRID MARKET, BY POWER SOURCE

  • 11.1 INTRODUCTION
    • FIGURE 61 MICROGRID MARKET, BY POWER SOURCE
    • FIGURE 62 GLOBAL MICROGRID PROJECT DEPLOYMENT TREND, BY POWER SOURCE, 2023 VS. 2028
  • 11.2 NATURAL GAS
    • 11.2.1 INCREASING NEED FOR CLEANER ENERGY SOLUTIONS OVER COAL AND OIL TO DRIVE SEGMENT
  • 11.3 SOLAR PV
    • 11.3.1 REDUCED GREENHOUSE GAS EMISSIONS AND LOWER CARBON FOOTPRINT TO PROPEL SEGMENT
  • 11.4 COMBINED HEAT AND POWER
    • 11.4.1 INCREASING DEMAND FOR COGENERATION IN UNIVERSITIES/INSTITUTIONS TO BOOST SEGMENT
  • 11.5 DIESEL
    • 11.5.1 RISING DEMAND FOR RELIABLE ELECTRICITY SUPPLY DURING POWER OUTAGES TO SUPPORT SEGMENT GROWTH
  • 11.6 FUEL CELLS
    • 11.6.1 INCREASED AVAILABILITY OF AND ACCESSIBILITY TO HYDROGEN TO FUEL SEGMENT GROWTH
  • 11.7 OTHERS

12 MICROGRID MARKET, BY END USER

  • 12.1 INTRODUCTION
    • FIGURE 63 MICROGRID MARKET, BY END USER
    • TABLE 42 MICROGRID MARKET, BY END USER, 2019-2022 (USD BILLION)
    • FIGURE 64 COMMERCIAL & INDUSTRIAL BUILDINGS SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 43 MICROGRID MARKET, BY END USER, 2023-2028 (USD BILLION)
  • 12.2 COMMERCIAL & INDUSTRIAL BUILDINGS
    • 12.2.1 INCREASING DEMAND FOR UNINTERRUPTED ELECTRICITY SUPPLY IN DATA CENTERS, MANUFACTURING FACILITIES, AND OFFICES TO DRIVE MARKET
    • TABLE 44 COMMERCIAL & INDUSTRIAL BUILDINGS: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 65 COMMERCIAL & INDUSTRIAL BUILDINGS SEGMENT IN ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
    • TABLE 45 COMMERCIAL & INDUSTRIAL BUILDINGS: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 12.3 REMOTE AREAS
    • 12.3.1 SURGE IN DEPLOYMENT OF MICROGRID PROJECTS IN REMOTE AREAS FOR ENERGY DISTRIBUTION TO BOOST MARKET
    • TABLE 46 REMOTE AREAS: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 66 REMOTE AREAS SEGMENT IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 47 REMOTE AREAS: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 12.4 MILITARY FACILITIES
    • 12.4.1 INCREASING USAGE OF MOBILE MICROGRIDS TO PROPEL SEGMENT
    • TABLE 48 MILITARY FACILITIES: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 67 MILITARY FACILITIES SEGMENT IN ASIA PACIFIC TO HOLD LARGEST MARKET SHARE IN 2028
    • TABLE 49 MILITARY FACILITIES: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 12.5 GOVERNMENT BUILDINGS
    • 12.5.1 INTEGRATION OF MICROGRIDS IN SMART CITY PROJECTS TO BOOST SEGMENT
    • TABLE 50 GOVERNMENT BUILDINGS: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 68 GOVERNMENT BUILDINGS SEGMENT IN ASIA PACIFIC TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD
    • TABLE 51 GOVERNMENT BUILDINGS: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 12.6 UTILITIES
    • 12.6.1 NEED FOR LESS EXPENSIVE ALTERNATIVES TO MEET PEAK DEMAND REQUIREMENTS TO FUEL SEGMENT
    • TABLE 52 UTILITIES: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 69 UTILITIES SEGMENT IN AMERICAS TO DOMINATE MARKET IN 2028
    • TABLE 53 UTILITIES: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 12.7 INSTITUTES & CAMPUSES
    • 12.7.1 INCREASED ADOPTION OF LOCALIZED POWER GENERATION IN CAMPUSES TO SUPPORT SEGMENT GROWTH
    • TABLE 54 INSTITUTES & CAMPUSES: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 70 INSTITUTES & CAMPUSES SEGMENT IN AMERICAS TO HOLD SECOND LARGEST MARKET SHARE IN 2028
    • TABLE 55 INSTITUTES & CAMPUSES: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
  • 12.8 HEALTHCARE FACILITIES
    • 12.8.1 REQUIREMENT FOR UNINTERRUPTED POWER SUPPLY IN HEALTHCARE FACILITIES TO DRIVE SEGMENT
    • TABLE 56 HEALTHCARE FACILITIES: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 71 HEALTHCARE SEGMENT IN ASIA PACIFIC TO EXHIBIT FASTEST CAGR DURING FORECAST PERIOD
    • TABLE 57 HEALTHCARE FACILITIES: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)

13 MICROGRID MARKET, BY REGION

  • 13.1 INTRODUCTION
    • FIGURE 72 MICROGRID MARKET, BY REGION
    • FIGURE 73 SOUTH KOREA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    • FIGURE 74 ASIA PACIFIC TO HOLD LARGEST SHARE OF MICROGRID MARKET IN 2028
    • TABLE 58 MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • TABLE 59 MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
    • TABLE 60 MICROGRID INSTALLED CAPACITY, BY REGION, 2019-2022 (MW)
    • TABLE 61 MICROGRID INSTALLED CAPACITY, BY REGION, 2023-2028 (MW)
  • 13.2 AMERICAS
    • 13.2.1 IMPACT OF RECESSION ON MICROGRID MARKET IN AMERICAS
    • FIGURE 75 AMERICAS: MICROGRID MARKET SNAPSHOT
    • TABLE 62 AMERICAS: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • TABLE 63 AMERICAS: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
    • TABLE 64 AMERICAS: MICROGRID MARKET, BY CONNECTIVITY, 2019-2022 (USD BILLION)
    • TABLE 65 AMERICAS: MICROGRID MARKET, BY CONNECTIVITY, 2023-2028 (USD BILLION)
    • TABLE 66 AMERICAS: MICROGRID MARKET, BY OFFERING, 2019-2022 (USD BILLION)
    • TABLE 67 AMERICAS: MICROGRID MARKET, BY OFFERING, 2023-2028 (USD BILLION)
    • TABLE 68 AMERICAS: MICROGRID HARDWARE MARKET, BY TYPE, 2019-2022 (USD BILLION)
    • TABLE 69 AMERICAS: MICROGRID HARDWARE MARKET, BY TYPE, 2023-2028 (USD BILLION)
    • TABLE 70 AMERICAS: MICROGRID MARKET, BY END USER, 2019-2022 (USD BILLION)
    • TABLE 71 AMERICAS: MICROGRID MARKET, BY END USER, 2023-2028 (USD BILLION)
    • 13.2.2 NORTH AMERICA
    • TABLE 72 NORTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2019-2022 (USD BILLION)
    • TABLE 73 NORTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2023-2028 (USD BILLION)
    • TABLE 74 NORTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY, 2019-2022 (USD BILLION)
    • TABLE 75 NORTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY, 2023-2028 (USD BILLION)
    • TABLE 76 NORTH AMERICA: MICROGRID MARKET, BY OFFERING, 2019-2022 (USD BILLION)
    • TABLE 77 NORTH AMERICA: MICROGRID MARKET, BY OFFERING, 2023-2028 (USD BILLION)
    • TABLE 78 NORTH AMERICA: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2019-2022 (USD BILLION)
    • TABLE 79 NORTH AMERICA: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2023-2028 (USD BILLION)
    • TABLE 80 NORTH AMERICA: MICROGRID MARKET, BY END USER, 2019-2022 (USD BILLION)
    • TABLE 81 NORTH AMERICA: MICROGRID MARKET, BY END USER, 2023-2028 (USD BILLION)
      • 13.2.2.1 US
        • 13.2.2.1.1 Large presence of key players to drive market
      • 13.2.2.2 Canada
        • 13.2.2.2.1 Remote communities to create opportunities for microgrid developers
      • 13.2.2.3 Mexico
        • 13.2.2.3.1 Increasing demand for microgrids during natural calamities to boost market
    • 13.2.3 SOUTH AMERICA
    • TABLE 82 SOUTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2019-2022 (USD BILLION)
    • TABLE 83 SOUTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2023-2028 (USD BILLION)
    • TABLE 84 SOUTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY, 2019-2022 (USD BILLION)
    • TABLE 85 SOUTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY, 2023-2028 (USD BILLION)
    • TABLE 86 SOUTH AMERICA: MICROGRID MARKET, BY OFFERING, 2019-2022 (USD BILLION)
    • TABLE 87 SOUTH AMERICA: MICROGRID MARKET, BY OFFERING, 2023-2028 (USD BILLION)
    • TABLE 88 SOUTH AMERICA: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2019-2022 (USD BILLION)
    • TABLE 89 SOUTH AMERICA: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2023-2028 (USD BILLION)
    • TABLE 90 SOUTH AMERICA: MICROGRID MARKET, BY END USER, 2019-2022 (USD BILLION)
    • TABLE 91 SOUTH AMERICA: MICROGRID MARKET, BY END USER, 2023-2028 (USD BILLION)
      • 13.2.3.1 Brazil
        • 13.2.3.1.1 Lack of national main grid to boost market
      • 13.2.3.2 Argentina
        • 13.2.3.2.1 Focus on renewable energy sources and development of smart grids to drive market
      • 13.2.3.3 Rest of South America
  • 13.3 EUROPE
    • 13.3.1 IMPACT OF RECESSION ON MICROGRID MARKET IN EUROPE
    • FIGURE 76 EUROPE: MICROGRID MARKET SNAPSHOT
    • TABLE 92 EUROPE: MICROGRID MARKET, BY COUNTRY, 2019-2022 (USD BILLION)
    • TABLE 93 EUROPE: MICROGRID MARKET, BY COUNTRY, 2023-2028 (USD BILLION)
    • TABLE 94 EUROPE: MICROGRID MARKET, BY CONNECTIVITY, 2019-2022 (USD BILLION)
    • TABLE 95 EUROPE: MICROGRID MARKET, BY CONNECTIVITY, 2023-2028 (USD BILLION)
    • TABLE 96 EUROPE: MICROGRID MARKET, BY OFFERING, 2019-2022 (USD BILLION)
    • TABLE 97 EUROPE: MICROGRID MARKET, BY OFFERING, 2023-2028 (USD BILLION)
    • TABLE 98 EUROPE: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2019-2022 (USD BILLION)
    • TABLE 99 EUROPE: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2023-2028 (USD BILLION)
    • TABLE 100 EUROPE: MICROGRID MARKET, BY END USER, 2019-2022 (USD BILLION)
    • TABLE 101 EUROPE: MICROGRID MARKET, BY END USER, 2023-2028 (USD BILLION)
    • 13.3.2 UK
      • 13.3.2.1 Increasing demand for microgrids due to heat generation by traditional power generation systems to propel market
    • 13.3.3 GERMANY
      • 13.3.3.1 Ongoing industrialization and rising number of government initiatives to drive adoption of microgrids
    • 13.3.4 FRANCE
      • 13.3.4.1 Higher focus on clean energy generation to boost demand for microgrids
    • 13.3.5 ITALY
      • 13.3.5.1 Growing solar photovoltaic installations to propel market
    • 13.3.6 REST OF EUROPE
  • 13.4 ASIA PACIFIC
    • 13.4.1 IMPACT OF RECESSION ON MICROGRID MARKET IN ASIA PACIFIC
    • FIGURE 77 ASIA PACIFIC: MICROGRID MARKET SNAPSHOT
    • TABLE 102 ASIA PACIFIC: MICROGRID MARKET, BY COUNTRY, 2019-2022 (USD BILLION)
    • TABLE 103 ASIA PACIFIC: MICROGRID MARKET, BY COUNTRY, 2023-2028 (USD BILLION)
    • TABLE 104 ASIA PACIFIC: MICROGRID MARKET, BY CONNECTIVITY, 2019-2022 (USD BILLION)
    • TABLE 105 ASIA PACIFIC: MICROGRID MARKET, BY CONNECTIVITY, 2023-2028 (USD BILLION)
    • TABLE 106 ASIA PACIFIC: MICROGRID MARKET, BY OFFERING, 2019-2022 (USD BILLION)
    • TABLE 107 ASIA PACIFIC: MICROGRID MARKET, BY OFFERING, 2023-2028 (USD BILLION)
    • TABLE 108 ASIA PACIFIC: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2019-2022 (USD BILLION)
    • TABLE 109 ASIA PACIFIC: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2023-2028 (USD BILLION)
    • TABLE 110 ASIA PACIFIC: MICROGRID MARKET, BY END USER, 2019-2022 (USD BILLION)
    • TABLE 111 ASIA PACIFIC: MICROGRID MARKET, BY END USER, 2023-2028 (USD BILLION)
    • 13.4.2 AUSTRALIA
      • 13.4.2.1 Increased remote operations for mining and offshore platforms to drive market
    • 13.4.3 CHINA
      • 13.4.3.1 Ambitious carbon-reduction goals and national smart grid plans to boost market
    • 13.4.4 JAPAN
      • 13.4.4.1 Growing need for resilient and energy-efficient power supply to fuel market
    • 13.4.5 SOUTH KOREA
      • 13.4.5.1 Increased efforts to support green recovery to propel market
    • 13.4.6 REST OF ASIA PACIFIC
  • 13.5 REST OF THE WORLD
    • 13.5.1 IMPACT OF RECESSION ON MICROGRID MARKET IN REST OF THE WORLD
    • TABLE 112 REST OF THE WORLD: MICROGRID MARKET, BY REGION, 2019-2022 (USD BILLION)
    • FIGURE 78 AFRICA TO GROW AT FASTEST RATE IN REST OF THE WORLD DURING FORECAST PERIOD
    • TABLE 113 REST OF THE WORLD: MICROGRID MARKET, BY REGION, 2023-2028 (USD BILLION)
    • TABLE 114 REST OF THE WORLD: MICROGRID MARKET, BY CONNECTIVITY, 2019-2022 (USD BILLION)
    • TABLE 115 REST OF THE WORLD: MICROGRID MARKET, BY CONNECTIVITY, 2023-2028 (USD BILLION)
    • TABLE 116 REST OF THE WORLD: MICROGRID MARKET, BY OFFERING, 2019-2022 (USD BILLION)
    • TABLE 117 REST OF THE WORLD: MICROGRID MARKET, BY OFFERING, 2023-2028 (USD BILLION)
    • TABLE 118 REST OF THE WORLD: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2019-2022 (USD BILLION)
    • TABLE 119 REST OF THE WORLD: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2023-2028 (USD BILLION)
    • TABLE 120 REST OF THE WORLD: MICROGRID MARKET, BY END USER, 2019-2022 (USD BILLION)
    • TABLE 121 REST OF THE WORLD: MICROGRID MARKET, BY END USER, 2023-2028 (USD BILLION)
    • 13.5.2 MIDDLE EAST
      • 13.5.2.1 Growth of healthcare sector and rising demand for reliable power supply contribute to market growth
    • 13.5.3 AFRICA
      • 13.5.3.1 Rising number of government initiatives to support microgrid projects

14 COMPETITIVE LANDSCAPE

  • 14.1 INTRODUCTION
  • 14.2 STRATEGIES ADOPTED BY KEY PLAYERS
    • TABLE 122 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MICROGRID MARKET
    • 14.2.1 PRODUCT PORTFOLIO
    • 14.2.2 REGIONAL FOCUS
    • 14.2.3 MANUFACTURING FOOTPRINT
    • 14.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
  • 14.3 MARKET SHARE ANALYSIS
    • TABLE 123 MICROGRID MARKET: DEGREE OF COMPETITION, 2022
  • 14.4 FIVE-YEAR COMPANY REVENUE ANALYSIS, 2018-2022
    • FIGURE 79 FIVE-YEAR COMPANY REVENUE ANALYSIS OF LEADING MARKET PLAYERS
  • 14.5 KEY COMPANY EVALUATION MATRIX, 2022
    • 14.5.1 STARS
    • 14.5.2 EMERGING LEADERS
    • 14.5.3 PERVASIVE PLAYERS
    • 14.5.4 PARTICIPANTS
    • FIGURE 80 MICROGRID MARKET (GLOBAL): KEY COMPANY EVALUATION MATRIX, 2022
  • 14.6 COMPANY FOOTPRINT
    • TABLE 124 OVERALL COMPANY FOOTPRINT
    • TABLE 125 COMPANY FOOTPRINT, BY OFFERING
    • TABLE 126 COMPANY FOOTPRINT, BY END USER
    • TABLE 127 COMPANY FOOTPRINT, BY REGION
  • 14.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX, 2022
    • 14.7.1 PROGRESSIVE COMPANIES
    • 14.7.2 RESPONSIVE COMPANIES
    • 14.7.3 DYNAMIC COMPANIES
    • 14.7.4 STARTING BLOCKS
    • FIGURE 81 MICROGRID MARKET (GLOBAL): STARTUPS/SMES EVALUATION MATRIX, 2022
  • 14.8 COMPETITIVE BENCHMARKING
    • TABLE 128 MICROGRID MARKET: LIST OF KEY STARTUPS/SMES
    • TABLE 129 MICROGRID MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
  • 14.9 COMPETITIVE SCENARIOS AND TRENDS
    • 14.9.1 PRODUCT LAUNCHES AND DEVELOPMENTS
    • TABLE 130 MICROGRID MARKET: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2023
    • 14.9.2 DEALS
    • TABLE 131 MICROGRID MARKET: DEALS, JANUARY 2020-JUNE 2023
    • 14.9.3 OTHERS
    • TABLE 132 MICROGRID MARKET: OTHERS, JANUARY 2020-JUNE 2023

15 COMPANY PROFILES

  • (Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**
  • 15.1 KEY PLAYERS
    • 15.1.1 SCHNEIDER ELECTRIC
    • TABLE 133 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
    • FIGURE 82 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
    • TABLE 134 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 135 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
    • TABLE 136 SCHNEIDER ELECTRIC: DEALS
    • TABLE 137 SCHNEIDER ELECTRIC: OTHERS
    • 15.1.2 SIEMENS
    • TABLE 138 SIEMENS: COMPANY OVERVIEW
    • FIGURE 83 SIEMENS: COMPANY SNAPSHOT
    • TABLE 139 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 140 SIEMENS: PRODUCT LAUNCHES
    • TABLE 141 SIEMENS: DEALS
    • TABLE 142 SIEMENS: OTHERS
    • 15.1.3 GENERAL ELECTRIC
    • TABLE 143 GENERAL ELECTRIC: COMPANY OVERVIEW
    • FIGURE 84 GENERAL ELECTRIC: COMPANY SNAPSHOT
    • TABLE 144 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 145 GENERAL ELECTRIC: PRODUCT LAUNCHES
    • TABLE 146 GENERAL ELECTRIC: DEALS
    • TABLE 147 GENERAL ELECTRIC: OTHERS
    • 15.1.4 EATON
    • TABLE 148 EATON: COMPANY OVERVIEW
    • FIGURE 85 EATON: COMPANY SNAPSHOT
    • TABLE 149 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 150 EATON: PRODUCT LAUNCHES
    • TABLE 151 EATON: DEALS
    • TABLE 152 EATON: OTHERS
    • 15.1.5 ABB
    • TABLE 153 ABB: COMPANY OVERVIEW
    • FIGURE 86 ABB: COMPANY SNAPSHOT
    • TABLE 154 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 155 ABB: PRODUCT LAUNCHES
    • TABLE 156 ABB: DEALS
    • 15.1.6 HITACHI ENERGY LTD.
    • TABLE 157 HITACHI ENERGY LTD.: COMPANY OVERVIEW
    • TABLE 158 HITACHI ENERGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 159 HITACHI ENERGY LTD.: PRODUCT LAUNCHES
    • TABLE 160 HITACHI ENERGY LTD.: DEALS
    • TABLE 161 HITACHI ENERGY LTD.: OTHERS
    • 15.1.7 HONEYWELL INTERNATIONAL INC.
    • TABLE 162 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
    • FIGURE 87 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
    • TABLE 163 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 164 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
    • TABLE 165 HONEYWELL INTERNATIONAL INC.: DEALS
    • 15.1.8 HOMER ENERGY (PART OF UL LLC)
    • TABLE 166 HOMER ENERGY: COMPANY OVERVIEW
    • TABLE 167 HOMER ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 168 HOMER ENERGY: PRODUCT LAUNCHES
    • TABLE 169 HOMER ENERGY: DEALS
    • TABLE 170 HOMER ENERGY: OTHERS
    • 15.1.9 S&C ELECTRIC COMPANY
    • TABLE 171 S&C ELECTRIC COMPANY: COMPANY OVERVIEW
    • TABLE 172 S&C ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 173 S&C ELECTRIC COMPANY: PRODUCT LAUNCHES
    • TABLE 174 S&C ELECTRIC COMPANY: OTHERS
    • 15.1.10 POWER ANALYTICS
    • TABLE 175 POWER ANALYTICS: COMPANY OVERVIEW
    • TABLE 176 POWER ANALYTICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 177 POWER ANALYTICS: PRODUCT LAUNCHES
    • TABLE 178 POWER ANALYTICS: DEALS
  • 15.2 OTHER PLAYERS
    • 15.2.1 CATERPILLAR
    • 15.2.2 TESLA ENERGY (SUBSIDIARY OF TESLA)
    • 15.2.3 EMERSON ELECTRIC CO.
    • 15.2.4 PARETO ENERGY
    • 15.2.5 ANBARIC DEVELOPMENT PARTNERS, LLC
    • 15.2.6 EXELON CORPORATION
    • 15.2.7 SPIRAE LLC
    • 15.2.8 GENERAL MICROGRIDS
    • 15.2.9 GRAM POWER
    • 15.2.10 HEILA TECHNOLOGIES
    • 15.2.11 AMERESCO
    • 15.2.12 GO ELECTRIC INC.
    • 15.2.13 FERROAMP
    • 15.2.14 CANOPY POWER
    • 15.2.15 POWERSECURE, INC.
  • *Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

16 APPENDIX

  • 16.1 DISCUSSION GUIDE
  • 16.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 16.3 CUSTOMIZATION OPTIONS
  • 16.4 RELATED REPORTS
  • 16.5 AUTHOR DETAILS
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