Microgrid Market, Global Outlook and Forecast 2022-2028

April 2022 | 67 pages | ID: M3E35E6B7541EN
Market Monitor Global

Abstracts

A microgrid is a small power grid with defined boundaries that can operate both when connected to the larger electrical grid and as an 'island' when there's an interruption on the main grid. It draws on distributed energy resources, like solar power, to serve customers within the microgrid footprint. These benefits extend to surrounding communities, with reliable energy allowing better access to food, supplies and public services.

This report contains market size and forecasts of Microgrid in Global, including the following market information:

Global Microgrid Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Microgrid market was valued at 29580 million in 2021 and is projected to reach US$ 62300 million by 2028, at a CAGR of 11.2% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Grid-Tied Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Microgrid include ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, SandC Electric Co, Eaton Corporation and Sunverge Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Microgrid companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Microgrid Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Microgrid Market Segment Percentages, by Type, 2021 (%)

• Grid-Tied
• Independent

Global Microgrid Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Microgrid Market Segment Percentages, by Application, 2021 (%)

• Commercial or Industrial Microgrid
• Community or Utility Microgrid
• Campus or Institutional Microgrid
• Military Microgrid
• Remote Microgrid

Global Microgrid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Microgrid Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Microgrid revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Microgrid revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• ABB
• NEC
• GE
• Aquion Energy
• Echelon
• Raytheon
• SandC Electric Co
• Eaton Corporation
• Sunverge Energy
• Siemens
• Toshiba
• General Microgrids
• Lockheed Martin

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Microgrid Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Microgrid Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL MICROGRID OVERALL MARKET SIZE

2.1 Global Microgrid Market Size: 2021 VS 2028
2.2 Global Microgrid Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Microgrid Players in Global Market
3.2 Top Global Microgrid Companies Ranked by Revenue
3.3 Global Microgrid Revenue by Companies
3.4 Top 3 and Top 5 Microgrid Companies in Global Market, by Revenue in 2021
3.5 Global Companies Microgrid Product Type
3.6 Tier 1, Tier 2 and Tier 3 Microgrid Players in Global Market
  3.6.1 List of Global Tier 1 Microgrid Companies
  3.6.2 List of Global Tier 2 and Tier 3 Microgrid Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Microgrid Market Size Markets, 2021 & 2028
  4.1.2 Grid-Tied
  4.1.3 Independent
4.2 By Type - Global Microgrid Revenue & Forecasts
  4.2.1 By Type - Global Microgrid Revenue, 2017-2022
  4.2.2 By Type - Global Microgrid Revenue, 2023-2028
  4.2.3 By Type - Global Microgrid Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Microgrid Market Size, 2021 & 2028
  5.1.2 Commercial or Industrial Microgrid
  5.1.3 Community or Utility Microgrid
  5.1.4 Campus or Institutional Microgrid
  5.1.5 Military Microgrid
  5.1.6 Remote Microgrid
5.2 By Application - Global Microgrid Revenue & Forecasts
  5.2.1 By Application - Global Microgrid Revenue, 2017-2022
  5.2.2 By Application - Global Microgrid Revenue, 2023-2028
  5.2.3 By Application - Global Microgrid Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Microgrid Market Size, 2021 & 2028
6.2 By Region - Global Microgrid Revenue & Forecasts
  6.2.1 By Region - Global Microgrid Revenue, 2017-2022
  6.2.2 By Region - Global Microgrid Revenue, 2023-2028
  6.2.3 By Region - Global Microgrid Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Microgrid Revenue, 2017-2028
  6.3.2 US Microgrid Market Size, 2017-2028
  6.3.3 Canada Microgrid Market Size, 2017-2028
  6.3.4 Mexico Microgrid Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Microgrid Revenue, 2017-2028
  6.4.2 Germany Microgrid Market Size, 2017-2028
  6.4.3 France Microgrid Market Size, 2017-2028
  6.4.4 U.K. Microgrid Market Size, 2017-2028
  6.4.5 Italy Microgrid Market Size, 2017-2028
  6.4.6 Russia Microgrid Market Size, 2017-2028
  6.4.7 Nordic Countries Microgrid Market Size, 2017-2028
  6.4.8 Benelux Microgrid Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Microgrid Revenue, 2017-2028
  6.5.2 China Microgrid Market Size, 2017-2028
  6.5.3 Japan Microgrid Market Size, 2017-2028
  6.5.4 South Korea Microgrid Market Size, 2017-2028
  6.5.5 Southeast Asia Microgrid Market Size, 2017-2028
  6.5.6 India Microgrid Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Microgrid Revenue, 2017-2028
  6.6.2 Brazil Microgrid Market Size, 2017-2028
  6.6.3 Argentina Microgrid Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Microgrid Revenue, 2017-2028
  6.7.2 Turkey Microgrid Market Size, 2017-2028
  6.7.3 Israel Microgrid Market Size, 2017-2028
  6.7.4 Saudi Arabia Microgrid Market Size, 2017-2028
  6.7.5 UAE Microgrid Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 ABB
  7.1.1 ABB Corporate Summary
  7.1.2 ABB Business Overview
  7.1.3 ABB Microgrid Major Product Offerings
  7.1.4 ABB Microgrid Revenue in Global Market (2017-2022)
  7.1.5 ABB Key News
7.2 NEC
  7.2.1 NEC Corporate Summary
  7.2.2 NEC Business Overview
  7.2.3 NEC Microgrid Major Product Offerings
  7.2.4 NEC Microgrid Revenue in Global Market (2017-2022)
  7.2.5 NEC Key News
7.3 GE
  7.3.1 GE Corporate Summary
  7.3.2 GE Business Overview
  7.3.3 GE Microgrid Major Product Offerings
  7.3.4 GE Microgrid Revenue in Global Market (2017-2022)
  7.3.5 GE Key News
7.4 Aquion Energy
  7.4.1 Aquion Energy Corporate Summary
  7.4.2 Aquion Energy Business Overview
  7.4.3 Aquion Energy Microgrid Major Product Offerings
  7.4.4 Aquion Energy Microgrid Revenue in Global Market (2017-2022)
  7.4.5 Aquion Energy Key News
7.5 Echelon
  7.5.1 Echelon Corporate Summary
  7.5.2 Echelon Business Overview
  7.5.3 Echelon Microgrid Major Product Offerings
  7.5.4 Echelon Microgrid Revenue in Global Market (2017-2022)
  7.5.5 Echelon Key News
7.6 Raytheon
  7.6.1 Raytheon Corporate Summary
  7.6.2 Raytheon Business Overview
  7.6.3 Raytheon Microgrid Major Product Offerings
  7.6.4 Raytheon Microgrid Revenue in Global Market (2017-2022)
  7.6.5 Raytheon Key News
7.7 SandC Electric Co
  7.7.1 SandC Electric Co Corporate Summary
  7.7.2 SandC Electric Co Business Overview
  7.7.3 SandC Electric Co Microgrid Major Product Offerings
  7.7.4 SandC Electric Co Microgrid Revenue in Global Market (2017-2022)
  7.7.5 SandC Electric Co Key News
7.8 Eaton Corporation
  7.8.1 Eaton Corporation Corporate Summary
  7.8.2 Eaton Corporation Business Overview
  7.8.3 Eaton Corporation Microgrid Major Product Offerings
  7.8.4 Eaton Corporation Microgrid Revenue in Global Market (2017-2022)
  7.8.5 Eaton Corporation Key News
7.9 Sunverge Energy
  7.9.1 Sunverge Energy Corporate Summary
  7.9.2 Sunverge Energy Business Overview
  7.9.3 Sunverge Energy Microgrid Major Product Offerings
  7.9.4 Sunverge Energy Microgrid Revenue in Global Market (2017-2022)
  7.9.5 Sunverge Energy Key News
7.10 Siemens
  7.10.1 Siemens Corporate Summary
  7.10.2 Siemens Business Overview
  7.10.3 Siemens Microgrid Major Product Offerings
  7.10.4 Siemens Microgrid Revenue in Global Market (2017-2022)
  7.10.5 Siemens Key News
7.11 Toshiba
  7.11.1 Toshiba Corporate Summary
  7.11.2 Toshiba Business Overview
  7.11.3 Toshiba Microgrid Major Product Offerings
  7.11.4 Toshiba Microgrid Revenue in Global Market (2017-2022)
  7.11.5 Toshiba Key News
7.12 General Microgrids
  7.12.1 General Microgrids Corporate Summary
  7.12.2 General Microgrids Business Overview
  7.12.3 General Microgrids Microgrid Major Product Offerings
  7.12.4 General Microgrids Microgrid Revenue in Global Market (2017-2022)
  7.12.5 General Microgrids Key News
7.13 Lockheed Martin
  7.13.1 Lockheed Martin Corporate Summary
  7.13.2 Lockheed Martin Business Overview
  7.13.3 Lockheed Martin Microgrid Major Product Offerings
  7.13.4 Lockheed Martin Microgrid Revenue in Global Market (2017-2022)
  7.13.5 Lockheed Martin Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Microgrid Market Opportunities & Trends in Global Market
Table 2. Microgrid Market Drivers in Global Market
Table 3. Microgrid Market Restraints in Global Market
Table 4. Key Players of Microgrid in Global Market
Table 5. Top Microgrid Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Microgrid Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Microgrid Revenue Share by Companies, 2017-2022
Table 8. Global Companies Microgrid Product Type
Table 9. List of Global Tier 1 Microgrid Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Microgrid Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Microgrid Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Microgrid Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Microgrid Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Microgrid Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Microgrid Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Microgrid Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Microgrid Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Microgrid Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Microgrid Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Microgrid Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Microgrid Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Microgrid Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Microgrid Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Microgrid Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Microgrid Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Microgrid Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Microgrid Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Microgrid Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Microgrid Revenue, (US$, Mn), 2023-2028
Table 30. ABB Corporate Summary
Table 31. ABB Microgrid Product Offerings
Table 32. ABB Microgrid Revenue (US$, Mn), (2017-2022)
Table 33. NEC Corporate Summary
Table 34. NEC Microgrid Product Offerings
Table 35. NEC Microgrid Revenue (US$, Mn), (2017-2022)
Table 36. GE Corporate Summary
Table 37. GE Microgrid Product Offerings
Table 38. GE Microgrid Revenue (US$, Mn), (2017-2022)
Table 39. Aquion Energy Corporate Summary
Table 40. Aquion Energy Microgrid Product Offerings
Table 41. Aquion Energy Microgrid Revenue (US$, Mn), (2017-2022)
Table 42. Echelon Corporate Summary
Table 43. Echelon Microgrid Product Offerings
Table 44. Echelon Microgrid Revenue (US$, Mn), (2017-2022)
Table 45. Raytheon Corporate Summary
Table 46. Raytheon Microgrid Product Offerings
Table 47. Raytheon Microgrid Revenue (US$, Mn), (2017-2022)
Table 48. SandC Electric Co Corporate Summary
Table 49. SandC Electric Co Microgrid Product Offerings
Table 50. SandC Electric Co Microgrid Revenue (US$, Mn), (2017-2022)
Table 51. Eaton Corporation Corporate Summary
Table 52. Eaton Corporation Microgrid Product Offerings
Table 53. Eaton Corporation Microgrid Revenue (US$, Mn), (2017-2022)
Table 54. Sunverge Energy Corporate Summary
Table 55. Sunverge Energy Microgrid Product Offerings
Table 56. Sunverge Energy Microgrid Revenue (US$, Mn), (2017-2022)
Table 57. Siemens Corporate Summary
Table 58. Siemens Microgrid Product Offerings
Table 59. Siemens Microgrid Revenue (US$, Mn), (2017-2022)
Table 60. Toshiba Corporate Summary
Table 61. Toshiba Microgrid Product Offerings
Table 62. Toshiba Microgrid Revenue (US$, Mn), (2017-2022)
Table 63. General Microgrids Corporate Summary
Table 64. General Microgrids Microgrid Product Offerings
Table 65. General Microgrids Microgrid Revenue (US$, Mn), (2017-2022)
Table 66. Lockheed Martin Corporate Summary
Table 67. Lockheed Martin Microgrid Product Offerings
Table 68. Lockheed Martin Microgrid Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Microgrid Segment by Type in 2021
Figure 2. Microgrid Segment by Application in 2021
Figure 3. Global Microgrid Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Microgrid Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Microgrid Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Microgrid Revenue in 2021
Figure 8. By Type - Global Microgrid Revenue Market Share, 2017-2028
Figure 9. By Application - Global Microgrid Revenue Market Share, 2017-2028
Figure 10. By Region - Global Microgrid Revenue Market Share, 2017-2028
Figure 11. By Country - North America Microgrid Revenue Market Share, 2017-2028
Figure 12. US Microgrid Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Microgrid Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Microgrid Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Microgrid Revenue Market Share, 2017-2028
Figure 16. Germany Microgrid Revenue, (US$, Mn), 2017-2028
Figure 17. France Microgrid Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Microgrid Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Microgrid Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Microgrid Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Microgrid Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Microgrid Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Microgrid Revenue Market Share, 2017-2028
Figure 24. China Microgrid Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Microgrid Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Microgrid Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Microgrid Revenue, (US$, Mn), 2017-2028
Figure 28. India Microgrid Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Microgrid Revenue Market Share, 2017-2028
Figure 30. Brazil Microgrid Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Microgrid Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Microgrid Revenue Market Share, 2017-2028
Figure 33. Turkey Microgrid Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Microgrid Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Microgrid Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Microgrid Revenue, (US$, Mn), 2017-2028
Figure 37. ABB Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. NEC Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. GE Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Aquion Energy Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Echelon Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Raytheon Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. SandC Electric Co Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Eaton Corporation Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Sunverge Energy Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Siemens Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Toshiba Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 48. General Microgrids Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 49. Lockheed Martin Microgrid Revenue Year Over Year Growth (US$, Mn) & (2017-2022)