As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Microgrid Market: By Energy Source: Natural Gas, Combined Heat and Power, Solar Photovoltaic (PV), Diesel, Fuel Cell, Others; By Application; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Microgrid Market Outlook

The global microgrid market size reached a value of about USD 21.5 billion in 2019. The market is further expected to grow at a CAGR of nearly 10.5% in the forecast period of 2020 and 2025 to reach a value of approximately USD 39 billion by 2025. 

 

Microgrid Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The dominant region for the microgrid market is North America, accounting for a quarter of the market share. Development in the region is triggered by the growing use of microgrid in defence as well as remote systems to improve cyber-attack protection.

 

Properties and Applications

A microgrid refers to a separate energy network composed of interconnected charges and distributed energy supplies that can operate alongside or independently of the main power grid. Microgrids are commonly known to be smaller versions of power grids, which provide electricity to customers from producers. They help reduce overall costs in the case of an emergency and provide redundancy for the grid. They are more powerful, together with a range of other renewable sources like solar, wind, small hydroelectric power, geoelectric, waste energy systems, and heat and power combined (HPCP) systems than conventional electrical grids. Microgrids are a reliable energy source because they continue to work during power outages.

 

Microgrid Market by Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Based on energy source, the microgrid market can be divided into the following:

  • Natural Gas
  • Combined Heat and Power
  • Solar Photovoltaic (PV)
  • Diesel
  • Fuel Cell
  • Others

It finds wide applications in the following:

  • Remote Systems
  • Institution and Campus
  • Utility/Community
  • Defence
  • Others

The regional microgrid markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Microgrid Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

There is an increasing demand for microgrid systems that allow customers and developers to achieve the environmental goals by using renewable energy as a source of electricity. Governments of many countries are also taking steps to set up bioelectric power, solar, and wind farms. Others have legislations, such as the Clean Power Plan (CPP), which seek to reduce carbon dioxide emissions, enforced by countries such as the United States. A variety of technological advancements have also been made to increase the performance of battery inverters to ensure an uninterrupted power supply via microgrid. In addition, better battery technology with higher power inputs and outputs has also been developed for a longer time. The development of the microgrid market is driven by these features and technologies.

These days, the reliance on new communication technology like wireless cloud computing is growing, making electricity networks vulnerable to cyber-attacks and hackers. For this purpose, a stable network with 24/7 power is required in certain industries, such as military and research laboratories, which is given by microgrids, as they can be run in 'island mode' independently from all external power and data transfer. This has helped to fuel demand in microgrid market around the world. Low transmission losses are another factor that has been successful in increasing the growth of the global microgrid market. Microgrids produce local power and decrease reliance on long-haul lines and therefore reduce transmission losses, further catalysing the industry growth.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global microgrid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd
  • General Electric
  • Eaton Corporation
  • Siemens
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Microgrid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Microgrid Historical Market (2015-2019) 
    8.3    Global Microgrid Market Forecast (2020-2025)
    8.4    Global Microgrid Market by Energy Source
        8.4.1    Natural Gas 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Combined Heat and Power 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Solar Photovoltaic (PV)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Diesel 
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Fuel Cell 
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Others 
    8.5    Global Microgrid Market by Application
        8.5.1    Remote Systems    
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Institution and Campus  
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Utility/Community  
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Defence  
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Others
    8.6    Global Microgrid Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Overview
    12.2    Detailed Process Flow
    12.3    Operations Involved
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Company Profiles
        13.3.1    ABB Ltd
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    The General Electric Company
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    Eaton Corporation plc
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    Siemens     
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Microgrid Market: Key Industry Highlights, 2015 and 2025
2.    Global Microgrid Historical Market: Breakup by Energy Source (USD Billion), 2015-2019
3.    Global Microgrid Market Forecast: Breakup by Energy Source (USD Billion), 2020-2025
4.    Global Microgrid Historical Market: Breakup by Application (USD Billion), 2015-2019
5.    Global Microgrid Market Forecast: Breakup by Application (USD Billion), 2020-2025
6.    Global Microgrid Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Microgrid Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    North America Microgrid Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    North America Microgrid Historical Market: Breakup by Country (USD Billion), 2020-2025
10.    Europe Microgrid Market Forecast: Breakup by Country (USD Billion), 2015-2019
11.    Europe Microgrid Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Asia Pacific Microgrid Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Asia Pacific Microgrid Historical Market: Breakup by Country (USD Billion), 2020-2025
14.    Latin America Microgrid Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Latin America Microgrid Historical Market: Breakup by Country (USD Billion), 2020-2025
16.    Middle East and Africa Microgrid Market Forecast: Breakup by Country (USD Billion), 2015-2019
17.    Middle East and Africa Microgrid Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Global Microgrid Market Structure

Key Questions Answered in the Report

In 2019, the global microgrid market attained a value of nearly USD 21.5 billion. 

The market is projected to grow at a CAGR of 10.5% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 39 billion by 2025. 

The major drivers of the industry, such as rising environmental concern, growing adoption of renewable energy sources, benefits offered by microgrids like low transmission losses and others, and favourable government initiatives with increased investment in the defence sector, are expected to aid the market growth.

The key market trends guiding the growth of the microgrid market include the growing technological advancements and increasing shift towards wireless cloud computing.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share. 

Natural gas, combined heat and power, solar photovoltaic (PV), diesel, and fuel cells serve as the major energy sources of microgrid.

The major applications of microgrid include remote systems, institution and campus, utility/community, and defence.  

The major players in the industry are ABB Ltd, The General Electric Company, Eaton Corporation plc, and Siemens, among others.

Analyst Review

The global microgrid market attained a value of USD 21.5 billion in 2019, driven by growing demand for renewable energy sources and stringent government regulations. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 10.5%. The microgrid market is projected to reach USD 39 billion by 2025. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its energy sources, the microgrid market can be segmented into natural gas, combined heat and power, solar photovoltaic (PV), diesel, and fuel cells, among others. On the basis of applications, the industry is divided into remote systems, institution and campus, utility/community, and defence, among others. The major regional markets for microgrid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include ABB Ltd, The General Electric Company, Eaton Corporation plc, and Siemens, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

Purchase Full Report

Mini Report

$ 1999     $1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • Free Update in 180 Days

Single User License

$ 3099     $2499
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • Free Update in 180 Days

Five User License

$ 4099     $3499
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • Free Update in 180 Days

Corporate License

$ 5099     $4499
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • Free Update in 180 Days

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Electric Insulator Market Report and Forecast 2020-2025


Global Power Inverter Market Report and Forecast 2020-2025


Global Power Rental Market Report and Forecast 2020-2025


Global Battery Management System Market Report and Forecast 2020-2025



NEWSLETTER