Microgrid Market|Size,Share,Growth|2024-2030
Published: 2024 - January
Report Code: IM-1581
Format:
Region: Global
What are Microgrids?
Microgrids are localized energy systems that can operate independently or in conjunction with the main grid. They are designed to integrate various energy sources such as renewable, distributed, and conventional power. These systems are equipped with advanced controls and energy storage solutions, ensuring a reliable, efficient, and sustainable power supply for both residential and commercial applications.
The rise of microgrids presents significant disruptive opportunities, offering benefits such as energy resilience, cost reduction, and enhanced energy security. The transition towards renewable energy is accelerated, with microgrids enabling greater integration of clean energy sources like solar and wind. They also provide a solution for areas with unreliable grids, delivering uninterrupted power even during large-scale grid outages. This is not only a new, easy, and safe way to provide energy, but it also opens the door to big opportunities in the form of scalability and cost-effectiveness.
Market Size:
Microgrids Market was valued at USD 37.5 billion in 2024 and is projected to reach a market size of USD 105.42 billion by 2030 at a CAGR of 18.8%.
Key Market Players
• Schneider Electric
• ABB
• Siemens
• General Electric
• Eaton
Case Study:
Schneider Electric's microgrid solutions for remote islands highlight how they can enhance energy reliability, reduce fuel dependency, and lower carbon footprints.
Market Dynamics & Popularity:
Increasing demand for energy efficiency, reliability, and sustainability drives microgrid adoption in diverse industries globally.
Market Segmentation:
By Type
• Grid-Connected Microgrid
• Off-Grid Microgrid
• Hybrid Microgrid
By End User
• Commercial & Industrial
o Manufacturing Plants
o Data Centers
o Retail & Office Buildings
o Educational Institutions
o Healthcare Facilities
• Utility
o Renewable Integration
o Grid Stability & Support
• Residential
o Rural & Remote Areas
o Residential Communities & Estates
• Government & Military
o Military Installations
o Government Buildings & Facilities
o Disaster Recovery Systems
What's in It for You?
• Insights into emerging market trends
• Strategic recommendations for product development and partnerships
• Opportunities for cost-effective energy solutions tailored for diverse applications
Chapter 1. Microgrid Market– Scope & Methodology
1.1. Market Segmentation
1.2. Assumptions
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Microgrid Market– Executive Summary
2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-141 Impact Analysis
2.3.1. Impact during 2023 – 2030
2.3.2. Impact on Supply – Demand
Chapter 3. Microgrid Market– Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Microgrid Market- Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porter's Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Microgrid Market- Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Microgrid Market– By Connectivity
6.1. Grid Connected
6.2. Off-grid Connected
Chapter 7. Microgrid Market– By Offering
7.1. Hardware
7.1.1. Power Generators
7.1.2. Energy Storage Systems
7.1.3. Controllers
7.2. Software
7.3. Services
Chapter 8. Microgrid Market– By Power Source
8.1. Natural Gas
8.2. Solar PV
8.3. Combined Heat and Power
8.4. Diesel
8.5. Fuel Cell
8.6. Others
Chapter 9. Microgrid Market– By Pattern
9.1. Urban/Metropolitan
9.2. Semiurban
9.3. Rural/Island
Chapter 10. Microgrid Market– By Power Source
10.1. AC Microgrids
10.2. DC Microgrids
10.3. Hybrid Microgrids
Chapter 11. Microgrid Market– By Power Rating
11.1. Less than 1 MW
11.2. 1 MW to 5 MW
11.3. 5 MW to 14 MW
11.4. More than 14 MW
Chapter 12. Microgrid Market– By End Use
12.1. Commercial & Industrial
12.2. Remote Areas
12.3. Military
12.4. Government
12.5. Utilities
12.6. Institutes & Campuses
12.7. Healthcare
Chapter 13. Microgrid Market– By Region
13.1. North America
13.2. Europe
13.3. The Asia Pacific
13.4. Latin America
13.5. Middle-East and Africa
Chapter 14. Microgrid Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
14.1. Company 1
14.2. Company 2
14.3. Company 3
14.4. Company 4
14.5. Company 5
14.6. Company 6
14.7. Company 7
14.8. Company 8
14.9. Company 9
14.10. Company 10
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