Microgrid Market

Industry Overview

The Microgrid Market is expected to experience substantial growth over the forecast period of 2023-2030, with a projected CAGR of 11.6%. Starting at USD 24.2 billion in 2023, the market is anticipated to reach USD 46.2 billion by 2030. Microgrids are smaller versions of power grids that transport electricity from source to consumer. They help to lower overall costs and provide grid backup in the event of an outage. Microgrids are more efficient than traditional electrical grids and can be integrated with a variety of renewable energy sources such as solar, wind, small hydro, geothermal, waste-to-energy, and combined heat and power (CHP) systems. Batteries, distributed generators, and solar panels can also be used to power them. Microgrids are also a reliable source of electricity because they operate continuously during power outages. Thus, the rising demand for reliable and secured power supply in industrial and commercial sectors globally along with initiatives by government to reduce carbon footprint will propel the growth of the global microgrid market.

The COVID-19 outbreak has impacted the businesses of several microgrid hardware manufacturing companies, distributors, and suppliers owing to delay in shipments, and delay in projects and installation of microgrids, reduced domestic demand, thereby impacting the growth of the global microgrid market.

Market Segmentation

Insight by Offering

Based on offering, the global microgrid market is segmented into hardware, software, and services. The hardware segment contributes to the largest share in the market owing to the rising number of microgrid projects globally, reduced cost of energy storage and renewable sources of energy along with initiatives by government to use clean energy and reduce greenhouse gas emissions.

Insight by Type

Based on type, the global microgrid market is classified into AC microgrids, DC microgrids, and hybrid. The AC microgrid is anticipated to have a high CAGR during 2023-2030 as it offer less transmission loss, reduced heat generation, and efficient high-end voltage levels across network. Furthermore, the increasing deployment of high-voltage AC power networks, as well as large solar and wind farms connected to AC transmission lines, will impact the business environment.

Insight by Connectivity

Based on connectivity, the global microgrid market is bifurcated into grid-connected and off-grid-connected. The grid-connected witness the largest share in the market owing to the increased adoption of utility-base grid networks worldwide along with large-scale harnessing of renewable sources of energy which includes offshore winds. The advantages offered by grid connected include grid resiliency, enhanced power quality, and less impact on environment.

Insight by Storage Device

Based on storage devices, the global microgrid market is segregated into Lithium-Ion, lead acid, flow batteries, and flywheels. Lithium-ion is anticipated to have a high CAGR during 2023-2030 owing to large-scale sustainable technology deployment, extensive R&D activities, technological development and manufacturer inclination to develop towards battery-powered systems will fuel the market growth.

Insight by Power

Based on power, the global microgrid market is segmented into combined heat & power (CHP), solar photovoltaic, natural gas, fuel cell, and diesel. The CHP dominate the market owing to increased adoption of sustainable sources of power generation like hydro, solar and wind energy. The advantages offered by CHP include decreased emission levels, efficient and clean energy, and less cost.  Fuel cell is anticipated to grow at a faster pace owing to improved energy storage capabilities, zero-emission properties, and its ability to operate at high temperatures will fuel the growth of the segment.

Insight by End Use

Based on end use, the global microgrid market is classified into utilities, commercial & industrial, institutes & campuses, military, remote, government, and healthcare. The commercial & industrial segment is anticipated to have a high CAGR during 2023-2030. The constant need for uninterrupted electrical supply to carry out seamless industrial operations to reduce downtime, boost worker productivity, and prevent equipment damage is responsible for the segment's growth. Increased government attempts to promote the use of renewable energy and reduce greenhouse gas (GHG) emissions are also propelling the commercial and industrial microgrid market forward.

Global Microgrid Market Report Coverage

Industry Dynamics

Industry Trends

The increased investment in solar energy projects increased adoption of Industry 4.0, and increased investment in equipment and machinery of the AEC (Architecture, Engineering, and Construction) are the trends prevalent in the global microgrid market.

Growth Drivers

The global microgrid market is experiencing significant growth due to several key factors that are driving its expansion. These factors include an increased focus on decarbonization by both end-users and governments, a growing demand for uninterrupted power supply, a rise in cyberattacks on energy infrastructure, government initiatives to promote microgrid development, and an increasing adoption of microgrids for rural electrification.

According to the US Energy Information Administration (EIA), global energy consumption is projected to increase by approximately 56% by 2040. This surge is primarily driven by industrialization and urbanization, leading to a rapid growth in energy consumption that cannot be fully met by traditional power grids. These gaps in energy supply present lucrative business opportunities for microgrid companies seeking to expand their power supply services. Microgrids offer the advantage of generating power locally, reducing reliance on long-distance transmission lines, and consequently minimizing transmission losses.

Furthermore, the advancement of smart cities, growing demand for the Internet of Things (IoT), grid modernization efforts, integration of distributed energy generation sources (including renewables), and the incorporation of various smart grid technologies are additional factors that will foster the growth of the global microgrid market.

Challenges

The massive capital cost and technical design issues may hamper the growth of the market because developers must maintain a symbiotic relationship between the main grid and the microgrid if the microgrid is connected to the grid. Microgrids are prone to instabilities in both oversupply and undersupply of electricity. An oversupply of electricity might cause a generator to trip, resulting in a microgrid losing power. Undersupply of electricity, on the other side, might cause equipment to malfunction. Also, the lack of a well-defined regulatory policy framework will retrain the growth of the market.

Opportunities

The opportunities offered to the players in the microgrid market include developing microgrid controllers, renewable energy storage systems, and smart microgrids for several end-use, and providing innovative microgrid hardware devices and software solutions along with giving emphasis on the integration of technology and data management. Furthermore, the microgrid market's main possibilities are innovation-oriented endeavors and funding feasibility studies in worldwide markets. Also, the increased demand for hard and reliable electrical equipment for military and aerospace industries will create promising opportunities for the growth of the global microgrid market.

Geographic Overview

North America contributes to the largest share in the global microgrid market owing to the rise in spending on R&D activities and early adopters of microgrid solutions in the region.

Asia-Pacific is anticipated to grow at a faster pace owing to the increased rate of electrification, particularly in rural or semi-urban areas, increased favorable norms and incentives offered by the government to enhance renewable energy blend, rising adoption of the stand-alone sources of energy, and ample availability of raw material.

Competitive Insight

The market for microgrids is moderated and consolidated. The increased strategic partnerships, contractual agreements, and inorganic ventures will allow the industry players to have a competitive edge in the market.

ABB is a trusted partner in the evolving global energy ecosystem and acts as a pioneer in energy management and optimization. ABB has become a pioneer in Microgrid technology by successfully powering research stations from Antarctica, Alaska, and Flores Island to distant mines and villages in Australia's deserts utilizing integrated energy sources. ABB's Microgrid Solutions group specialises in providing modular and scalable technology packages that provide power, improve power quality, and integrate renewable energy into fossil-fuel Microgrids. The PowerStore grid-stabilizing generator and the MGC600TM controller platform are the cornerstones of the Microgrid PlusTM System. Microgrid solutions from ABB are best suited for systems with peak demand between 300 kW and 50 MW.

Microgrid Energy Systems from Eaton assist businesses in achieving electrical energy savings, resiliency, and independence from a utility. Users obtain a dependable, scalable, and efficient solution to unexpected power outages while also improving cybersecurity by combining generation sources on a common grid structure. Eaton collaborates with customers to provide turnkey services for the full system's concept, design, pricing, implementation, and maintenance. System optimization software, automation, and product services, LV load control, smart inverter suite, supporting electrics, smart MV grid-tie connection, and utility automation products are all part of Eaton's Microgrid Energy System concept.

In October 2021, Eaton, a power management company, and Enel X, the Enel Group's advanced energy services business line, announced that they will collaborate on a second microgrid project in Puerto Rico. The projects will lower demand for regional energy infrastructure, allow Eaton to use more renewable energy in production, and improve Eaton's energy resilience.

Impact Solar, a Thai energy provider, has partnered with Hitachi ABB Power Grids to deliver an energy storage system for the country's largest private-owned microgrid, which will be operational in May 2021. The battery energy storage and control system from Hitachi ABB Power Grids will be used at the Saha Industrial Park microgrid in Sriracha, which is now under construction. The 214MW microgrid's power generation resources will include gas turbines, rooftop solar, and floating solar systems, as well as a battery storage system to fulfill demand when generation is low.

Some of the major players in the global microgrids market include ABB, Hitachi Energy Ltd., General Electric, Eaton, Siemens, Schneider Electric, Honeywell International Inc., HOMER Energy (Acquired by UL LLC), S&C Electric Company, and General Microgrids.

The Microgrid Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.

Segments Covered in the Report

• By Offering 
  • Hardware
  • Software
  • Services
• By Type 
  • AC Microgrids
  • DC Microgrids
  • Hybrid
• By Connectivity 
  • Grid Connected
  • Off-Grid Connected
• By Storage Device 
  • Lithium-Ion
  • Lead Acid
  • Flow Batteries
  • Flywheel
• By Power 
  • Combined Heat & Power (CHP)
  • Solar Photovoltaic
  • Natural Gas
  • Fuel Cell
  • Diesel
• By End Use 
  • Utilities
  • Commercial & Industrial
  • Institutes & Campuses
  • Military
  • Remote
  • Government
  • Healthcare

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Reserach

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Offering
                1.2.2.    By Type
                1.2.3.    By Connectivity
                1.2.4.    By Storage Device
                1.2.5.    By Power
                1.2.6.    By End Use
                1.2.7.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Offering
                5.1.1.    Hardware
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030
                5.1.2.    Software
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Services
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030
        5.2.    By Type
                5.2.1.    AC Microgrids
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    DC Microgrids
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    Hybrid
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030
        5.3.    By Connectivity   
                5.3.1.    Grid Connected
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Off-Grid Connected
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030
        5.4.    By Storage Device
                5.4.1.    Lithium-Ion
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.    Lead Acid
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.    Flow Batteries
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030
                5.4.4.    Flywheel
                        5.4.4.1. Market Definition
                        5.4.4.2. Market Estimation and Forecast to 2030
        5.5.    By Power
                5.5.1.    Combined Heat & Power (CHP)
                        5.5.1.1. Market Definition
                        5.5.1.2. Market Estimation and Forecast to 2030
                5.5.2.    Solar Photovoltaic
                        5.5.2.1. Market Definition
                        5.5.2.2. Market Estimation and Forecast to 2030        
                5.5.3.    Natural Gas
                        5.5.3.1. Market Definition
                        5.5.3.2. Market Estimation and Forecast to 2030
                5.5.4.    Fuel Cell
                        5.5.4.1. Market Definition
                        5.5.4.2. Market Estimation and Forecast to 2030
                5.5.5.    Diesel
                        5.5.5.1. Market Definition
                        5.5.5.2. Market Estimation and Forecast to 2030
        5.6.    By End Use
                5.6.1.    Utilities
                        5.6.1.1. Market Definition
                        5.6.1.2. Market Estimation and Forecast to 2030
                5.6.2.    Commercial & Industrial
                        5.6.2.1. Market Definition
                        5.6.2.2. Market Estimation and Forecast to 2030        
                5.6.3.    Institutes & Campuses
                        5.6.3.1. Market Definition
                        5.6.3.2. Market Estimation and Forecast to 2030
                5.6.4.    Military
                        5.6.4.1. Market Definition
                        5.6.4.2. Market Estimation and Forecast to 2030
                5.6.5.    Remote
                        5.6.5.1. Market Definition
                        5.6.5.2. Market Estimation and Forecast to 2030
                5.6.6.    Government
                        5.6.6.1. Market Definition
                        5.6.6.2. Market Estimation and Forecast to 2030
                5.6.7.    Healthcare
                        5.6.7.1. Market Definition
                        5.6.7.2. Market Estimation and Forecast to 2030
                
6.    North America Market Estimate and Forecast

        6.1.    By Offering
        6.2.    By Type
        6.3.    By Connectivity
        6.4.    By Storage Device
        6.5.    By Power
        6.6.    By End Use
        6.7.    By Country – U.S., Canada, and Mexico
                6.7.1.    U.S. Market Estimate and Forecast
                6.7.2.    Canada Market Estimate and Forecast
                6.7.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Offering
        7.2.    By Type
        7.3.    By Connectivity
        7.4.    By Storage Device
        7.5.    By Power
        7.6.    By End Use
        7.7.    By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
                7.7.1.    Germany Market Estimate and Forecast
                7.7.2.    France Market Estimate and Forecast
                7.7.3.    U.K. Market Estimate and Forecast
                7.7.4.    Italy Market Estimate and Forecast
                7.7.5.    Spain Market Estimate and Forecast
                7.7.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Offering
        8.2.    By Type
        8.3.    By Connectivity
        8.4.    By Storage Device
        8.5.    By Power
        8.6.    By End Use
        8.7.    By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
                8.7.1.    China Market Estimate and Forecast
                8.7.2.    Japan Market Estimate and Forecast
                8.7.3.    India Market Estimate and Forecast
                8.7.4.    South Korea Market Estimate and Forecast
                8.7.5.    Singapore Market Estimate and Forecast
                8.7.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Offering
        9.2.    By Type
        9.3.    By Connectivity
        9.4.    By Storage Device
        9.5.    By Power
        9.6.    By End Use
        9.7.    By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
                9.7.1.    Brazil Market Estimate and Forecast
                9.7.2.    Saudi Arabia Market Estimate and Forecast
                9.7.3.    South Africa Market Estimate and Forecast
                9.7.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    ABB
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Hitachi Energy Ltd.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    General Electric, Eaton
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Siemens
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Schneider Electric
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Honeywell International Inc.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    HOMER Energy (Acquired by UL LLC)
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    S&C Electric Company
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    General Microgrids
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Microgrid Market Size, By Offering, 2018 - 2023(USD Billion)
Table 5 Global Microgrid Market Size, By Offering, 2025 - 2030 (USD Billion)
Table 6 Global Microgrid Market Size, By Type, 2018 - 2023(USD Billion)
Table 7 Global Microgrid Market Size, By Type, 2025 - 2030 (USD Billion)
Table 8 Global Microgrid Market Size, By Connectivity, 2018 - 2023(USD Billion)
Table 9 Global Microgrid Market Size, By Connectivity, 2025 - 2030 (USD Billion)
Table 10 Global Microgrid Market Size, By Storage Device, 2018 - 2023(USD Billion)
Table 11 Global Microgrid Market Size, By Storage Device, 2025 - 2030 (USD Billion)
Table 12 Global Microgrid Market Size, By Power, 2018 - 2023(USD Billion)
Table 13 Global Microgrid Market Size, By Power, 2025 - 2030 (USD Billion)
Table 14 Global Microgrid Market Size, By End Use, 2018 - 2023(USD Billion)
Table 15 Global Microgrid Market Size, By End Use, 2025 - 2030 (USD Billion)
Table 16 Global Microgrid Market Size, By Region, 2018 - 2023(USD Billion)
Table 17 Global Microgrid Market Size, By Region, 2025 - 2030 (USD Billion)
Table 17 North America Microgrid Market Size, By Offering, 2018 - 2023(USD Billion)
Table 18 North America Microgrid Market Size, By Offering, 2025 - 2030 (USD Billion)
Table 19 North America Microgrid Market Size, By Type, 2018 - 2023(USD Billion)
Table 20 North America Microgrid Market Size, By Type, 2025 - 2030 (USD Billion)
Table 21 North America Microgrid Market Size, By Connectivity, 2018 - 2023(USD Billion)
Table 22 North America Microgrid Market Size, By Connectivity, 2025 - 2030 (USD Billion)
Table 23 North America Microgrid Market Size, By Storage Device, 2018 - 2023(USD Billion)
Table 24 North America Microgrid Market Size, By Storage Device, 2025 - 2030 (USD Billion)
Table 25 North America Microgrid Market Size, By Power, 2018 - 2023(USD Billion)
Table 26 North America Microgrid Market Size, By Power, 2025 - 2030 (USD Billion)
Table 27 North America Microgrid Market Size, By End Use, 2018 - 2023(USD Billion)
Table 28 North America Microgrid Market Size, By End Use, 2025 - 2030 (USD Billion)
Table 29 North America Microgrid Market Size, By Region, 2018 - 2023(USD Billion)
Table 30 North America Microgrid Market Size, By Region, 2025 - 2030 (USD Billion)
Table 31 Europe Microgrid Market Size, By Offering, 2018 - 2023(USD Billion)
Table 32 Europe Microgrid Market Size, By Offering, 2025 - 2030 (USD Billion)
Table 33 Europe Microgrid Market Size, By Type, 2018 - 2023(USD Billion)
Table 34 Europe Microgrid Market Size, By Type, 2025 - 2030 (USD Billion)
Table 35 Europe Microgrid Market Size, By Connectivity, 2018 - 2023(USD Billion)
Table 36 Europe Microgrid Market Size, By Connectivity, 2025 - 2030 (USD Billion)
Table 37 Europe Microgrid Market Size, By Storage Device, 2018 - 2023(USD Billion)
Table 38 Europe Microgrid Market Size, By Storage Device, 2025 - 2030 (USD Billion)
Table 39 Europe Microgrid Market Size, By Power, 2018 - 2023(USD Billion)
Table 40 Europe Microgrid Market Size, By Power, 2025 - 2030 (USD Billion)
Table 41 Europe Microgrid Market Size, By End Use, 2018 - 2023(USD Billion)
Table 42 Europe Microgrid Market Size, By End Use, 2025 - 2030 (USD Billion)
Table 43 Europe Microgrid Market Size, By Region, 2018 - 2023(USD Billion)
Table 44 Europe Microgrid Market Size, By Region, 2025 - 2030 (USD Billion)
Table 45 Asia-Pacific Microgrid Market Size, By Offering, 2018 - 2023(USD Billion)
Table 46 Asia-Pacific Microgrid Market Size, By Offering, 2025 - 2030 (USD Billion)
Table 47 Asia-Pacific Microgrid Market Size, By Type, 2018 - 2023(USD Billion)
Table 48 Asia-Pacific Microgrid Market Size, By Type, 2025 - 2030 (USD Billion)
Table 49 Asia-Pacific Microgrid Market Size, By Connectivity, 2018 - 2023(USD Billion)
Table 50 Asia-Pacific Microgrid Market Size, By Connectivity, 2025 - 2030 (USD Billion)
Table 51 Asia-Pacific Microgrid Market Size, By Storage Device, 2018 - 2023(USD Billion)
Table 52 Asia-Pacific Microgrid Market Size, By Storage Device, 2025 - 2030 (USD Billion)
Table 53 Asia-Pacific Microgrid Market Size, By Power, 2018 - 2023(USD Billion)
Table 54 Asia-Pacific Microgrid Market Size, By Power, 2025 - 2030 (USD Billion)
Table 55 Asia-Pacific Microgrid Market Size, By End Use, 2018 - 2023(USD Billion)
Table 56 Asia-Pacific Microgrid Market Size, By End Use, 2025 - 2030 (USD Billion)
Table 57 Asia-Pacific Microgrid Market Size, By Region, 2018 - 2023(USD Billion)
Table 58 Asia-Pacific Microgrid Market Size, By Region, 2025 - 2030 (USD Billion)
Table 59 RoW Microgrid Market Size, By Offering, 2018 - 2023(USD Billion)
Table 59 RoW Microgrid Market Size, By Offering, 2025 - 2030 (USD Billion)
Table 60 RoW Microgrid Market Size, By Type, 2018 - 2023(USD Billion)
Table 61 RoW Microgrid Market Size, By Type, 2025 - 2030 (USD Billion)
Table 62 RoW Microgrid Market Size, By Connectivity, 2018 - 2023(USD Billion)
Table 63 RoW Microgrid Market Size, By Connectivity, 2025 - 2030 (USD Billion)
Table 64 RoW Microgrid Market Size, By Storage Device, 2018 - 2023(USD Billion)
Table 65 RoW Microgrid Market Size, By Storage Device, 2025 - 2030 (USD Billion)
Table 66 RoW Microgrid Market Size, By Power, 2018 - 2023(USD Billion)
Table 67 RoW Microgrid Market Size, By Power, 2025 - 2030 (USD Billion)
Table 68 RoW Microgrid Market Size, By End Use, 2018 - 2023(USD Billion)
Table 69 RoW Microgrid Market Size, By End Use, 2025 - 2030 (USD Billion)
Table 70 RoW Microgrid Market Size, By Region, 2018 - 2023(USD Billion)
Table 71 RoW Microgrid Market Size, By Region, 2025 - 2030 (USD Billion)
Table 72 Snapshot – ABB
Table 73 Snapshot – Hitachi Energy Ltd.
Table 74 Snapshot – General Electric, Eaton
Table 75 Snapshot – Siemens
Table 76 Snapshot – Schneider Electric
Table 77 Snapshot – Honeywell International Inc.
Table 78 Snapshot – HOMER Energy (Acquired by UL LLC)
Table 79 Snapshot – S&C Electric Company
Table 80 Snapshot – General Microgrids

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Microgrid Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Microgrid Market Highlight
Figure 12 Global Microgrid Market Size, By Offering, 2018 - 2030 (USD Billion)
Figure 13 Global Microgrid Market Size, By Type, 2018 - 2030 (USD Billion)
Figure 14 Global Microgrid Market Size, By Connectivity, 2018 - 2030 (USD Billion)
Figure 15 Global Microgrid Market Size, By Storage Device, 2018 - 2030 (USD Billion)
Figure 16 Global Microgrid Market Size, By Power, 2018 - 2030 (USD Billion)
Figure 17 Global Microgrid Market Size, By End Use, 2018 - 2030 (USD Billion)
Figure 18 Global Microgrid Market Size, By Region, 2018 - 2030 (USD Billion)
Figure 19 North America Microgrid Market Highlight
Figure 20 North America Microgrid Market Size, By Offering, 2018 - 2030 (USD Billion)
Figure 21 North America Microgrid Market Size, By Type, 2018 - 2030 (USD Billion)
Figure 22 North America Microgrid Market Size, By Connectivity, 2018 - 2030 (USD Billion)
Figure 23 North America Microgrid Market Size, By Storage Device, 2018 - 2030 (USD Billion)
Figure 24 North America Microgrid Market Size, By Power, 2018 - 2030 (USD Billion)
Figure 25 North America Microgrid Market Size, By End Use, 2018 - 2030 (USD Billion)
Figure 26 North America Microgrid Market Size, By Region, 2018 - 2030 (USD Billion)
Figure 27 Europe Microgrid Market Highlight
Figure 28 Europe Microgrid Market Size, By Offering, 2018 - 2030 (USD Billion)
Figure 29 Europe Microgrid Market Size, By Type, 2018 - 2030 (USD Billion)
Figure 30 Europe Microgrid Market Size, By Connectivity, 2018 - 2030 (USD Billion)
Figure 31 Europe Microgrid Market Size, By Storage Device, 2018 - 2030 (USD Billion)
Figure 32 Europe Microgrid Market Size, By Power, 2018 - 2030 (USD Billion)
Figure 33 Europe Microgrid Market Size, By End Use, 2018 - 2030 (USD Billion)
Figure 34 Europe Microgrid Market Size, By Region, 2018 - 2030 (USD Billion)
Figure 35 Asia-Pacific Microgrid Market Highlight
Figure 36 Asia-Pacific Microgrid Market Size, By Offering, 2018 - 2030 (USD Billion)
Figure 37 Asia-Pacific Microgrid Market Size, By Type, 2018 - 2030 (USD Billion)
Figure 38 Asia-Pacific Microgrid Market Size, By Connectivity, 2018 - 2030 (USD Billion)
Figure 39 Asia-Pacific Microgrid Market Size, By Storage Device, 2018 - 2030 (USD Billion)
Figure 40 Asia-Pacific Microgrid Market Size, By Power, 2018 - 2030 (USD Billion)
Figure 41 Asia-Pacific Microgrid Market Size, By End Use, 2018 - 2030 (USD Billion)
Figure 42 Asia-Pacific Microgrid Market Size, By Region, 2018 - 2030 (USD Billion)
Figure 43 RoW Microgrid Market Highlight
Figure 44 RoW Microgrid Market Size, By Offering, 2018 - 2030 (USD Billion)
Figure 45 RoW Microgrid Market Size, By Type, 2018 - 2030 (USD Billion)
Figure 46 RoW Microgrid Market Size, By Connectivity, 2018 - 2030 (USD Billion)
Figure 47 RoW Microgrid Market Size, By Storage Device, 2018 - 2030 (USD Billion)
Figure 48 RoW Microgrid Market Size, By Power, 2018 - 2030 (USD Billion)
Figure 49 RoW Microgrid Market Size, By End Use, 2018 - 2030 (USD Billion)
Figure 50 RoW Microgrid Market Size, By Region, 2018 - 2030 (USD Billion)