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Report
Global Microgrid Market Forecast 2022-2030
Market Report I 2022-08-23 I 188 Pages I Inkwood Research
KEY FINDINGS
The global microgrid market is estimated to project a CAGR of 11.08% during the forecast period, 2022-2030. The market growth is attributed to the microgrids' role in mitigating severe weather, the increasing clean energy integration, and the growing global electricity consumption globally.
MARKET INSIGHTS
A microgrid is a self-sufficient local energy grid with control capability. The rising clean energy integration is one of the key growth drivers of the global microgrid market. As per the June 2022 International Energy Agency (IEA) report on World Energy Investment, around 2% of the clean energy investment increased annually in the five years following the 2015 signing of the Paris Agreement. However, the growth rate has drastically surged to 12% after 2020.
Also, the investment is supplemented by the emergence of sustainable finance, especially in industrialized nations, and government assistance. In addition, as per the report, Europe's investment in 2018 was a 7% decrease from 2018. Besides, over 80% of the investments made in the power sector have gone into storage, grids, and renewables. Moreover, the investment is fast-growing in the power industry with regard to grids, energy efficiency, and grids. It entails developing technologies. Such aspects offer growth opportunities for the global microgrid market. However, the market growth is restrained by the expenses involved in the installation and maintenance of microgrids.
REGIONAL INSIGHTS
The global microgrid market growth assessment includes the geographical evaluation of Asia-Pacific, Europe, North America, and Rest of World. Asia-Pacific is set to be the largest revenue-generating region in the global market, accredited to the lack of infrastructure and collaboration between the governments, energy companies, and international development agencies.
COMPETITIVE INSIGHTS
The market is moderately consolidated, with constantly-evolving technology. Some of the leading firms in the market include National Grid PLC, Hitachi Ltd, Bloom Energy, General Electric Company, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASING CONSUMPTION OF ELECTRICITY
3.1.2. RISE IN CLEAN ENERGY INTEGRATION
3.1.3. MITIGATION OF SEVERE WEATHER USING MICROGRIDS
3.2. KEY RESTRAINTS
3.2.1. EXPENSIVE MAINTENANCE & INSTALLATION OF MICROGRIDS
3.2.2. REGULATORY FRAMEWORK HURDLES FOR MICROGRIDS
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON MICROGRID MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
4.7. KEY BUYING CRITERIA
4.7.1. COST EFFICIENCY
4.7.2. PRODUCT FEATURES
4.7.3. END-USE
4.8. REGULATORY FRAMEWORK
5. MARKET BY TYPE
5.1. GRID CONNECTED
5.2. OFF-GRID
6. MARKET BY OFFERING
6.1. HARDWARE
6.1.1. POWER GENERATORS
6.1.2. CONTROLLERS
6.1.3. ENERGY STORAGE
6.2. SOFTWARE
6.3. SERVICES
7. MARKET BY CONSUMPTION PATTERN
7.1. SEMI-URBAN
7.2. URBAN/METROPOLITAN
7.3. RURAL/ISLAND
8. MARKET BY END-USER
8.1. COMMERCIAL & INDUSTRIAL
8.2. HEALTHCARE
8.3. EDUCATION
8.4. MILITARY
8.5. GOVERNMENT & UTILITIES
8.6. OTHER END-USERS
9. GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. MARKET SIZE & ESTIMATES
9.1.2. KEY GROWTH ENABLERS
9.1.3. KEY CHALLENGES
9.1.4. KEY PLAYERS
9.1.5. COUNTRY ANALYSIS
9.1.5.1. UNITED STATES
9.1.5.2. CANADA
9.2. EUROPE
9.2.1. MARKET SIZE & ESTIMATES
9.2.2. KEY GROWTH ENABLERS
9.2.3. KEY CHALLENGES
9.2.4. KEY PLAYERS
9.2.5. COUNTRY ANALYSIS
9.2.5.1. UNITED KINGDOM
9.2.5.2. GERMANY
9.2.5.3. FRANCE
9.2.5.4. ITALY
9.2.5.5. SPAIN
9.2.5.6. NETHERLANDS
9.2.5.7. POLAND
9.2.5.8. REST OF EUROPE
9.3. ASIA-PACIFIC
9.3.1. MARKET ESTIMATES & SIZES
9.3.2. KEY GROWTH ENABLERS
9.3.3. KEY CHALLENGES
9.3.4. KEY PLAYERS
9.3.5. COUNTRY ANALYSIS
9.3.5.1. CHINA
9.3.5.2. JAPAN
9.3.5.3. INDIA
9.3.5.4. SOUTH KOREA
9.3.5.5. INDONESIA
9.3.5.6. THAILAND
9.3.5.7. VIETNAM
9.3.5.8. AUSTRALIA & NEW ZEALAND
9.3.5.9. REST OF ASIA-PACIFIC
9.4. REST OF WORLD
9.4.1. MARKET ESTIMATES & SIZES
9.4.2. KEY GROWTH ENABLERS
9.4.3. KEY CHALLENGES
9.4.4. KEY PLAYERS
9.4.5. REGIONAL ANALYSIS
9.4.5.1. LATIN AMERICA
9.4.5.2. MIDDLE EAST & AFRICA
10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGERS & ACQUISITIONS
10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
10.1.3. PARTNERSHIPS & AGREEMENTS
10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
10.2. COMPANY PROFILES
10.2.1. BLOOM ENERGY
10.2.2. CUMMINS INC
10.2.3. DUKE ENERGY CORPORATION
10.2.4. EATON CORPORATION PLC
10.2.5. EXELON CORPORATION
10.2.6. FAIRBANKS MORSE
10.2.7. FUELCELL ENERGY INC
10.2.8. GENERAL ELECTRIC COMPANY
10.2.9. HITACHI LTD
10.2.10. NATIONAL GRID PLC
10.2.11. NRG ENERGY INC
10.2.12. POWER ENGINEERS INCORPORATED
10.2.13. S&C ELECTRIC
10.2.14. SCHNEIDER ELECTRIC SE
10.2.15. SIEMENS AG
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - MICROGRID
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: GLOBAL MICROGRID MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: GLOBAL MICROGRID MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: GLOBAL GRID CONNECTED MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: GLOBAL GRID CONNECTED MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: GLOBAL OFF-GRID MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: GLOBAL OFF-GRID MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: GLOBAL MICROGRID MARKET, BY OFFERING, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: GLOBAL MICROGRID MARKET, BY OFFERING, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: GLOBAL HARDWARE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: GLOBAL HARDWARE MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 13: GLOBAL MICROGRID MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: GLOBAL MICROGRID MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: GLOBAL POWER GENERATORS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 16: GLOBAL POWER GENERATORS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 17: GLOBAL CONTROLLER MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 18: GLOBAL CONTROLLER MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 19: GLOBAL ENERGY STORAGE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 20: GLOBAL ENERGY STORAGE MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 21: GLOBAL SOFTWARE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 22: GLOBAL SOFTWARE MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 23: GLOBAL SERVICES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 24: GLOBAL SERVICES MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 25: GLOBAL MICROGRID MARKET, BY CONSUMPTION PATTERN, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 26: GLOBAL MICROGRID MARKET, BY CONSUMPTION PATTERN, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 27: GLOBAL SEMI-URBAN MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 28: GLOBAL SEMI-URBAN MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 29: GLOBAL URBAN/METROPOLITAN MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 30: GLOBAL URBAN/METROPOLITAN MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 31: GLOBAL RURAL/ISLAND MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 32: GLOBAL RURAL/ISLAND MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 33: GLOBAL MICROGRID MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 34: GLOBAL MICROGRID MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 35: GLOBAL COMMERCIAL & INDUSTRIAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 36: GLOBAL COMMERCIAL & INDUSTRIAL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 37: GLOBAL HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 38: GLOBAL HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 39: GLOBAL EDUCATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 40: GLOBAL EDUCATION MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 41: GLOBAL MILITARY MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 42: GLOBAL MILITARY MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 43: GLOBAL GOVERNMENT & UTILITIES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 44: GLOBAL GOVERNMENT & UTILITIES MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 45: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 46: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 47: GLOBAL MICROGRID MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 48: GLOBAL MICROGRID MARKET, BY GEOGRAPHY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 49: NORTH AMERICA MICROGRID MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 50: NORTH AMERICA MICROGRID MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 51: LEADING PLAYERS OPERATING IN NORTH AMERICA MICROGRID MARKET
TABLE 52: EUROPE MICROGRID MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 53: EUROPE MICROGRID MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 54: LEADING PLAYERS OPERATING IN EUROPE MICROGRID MARKET
TABLE 55: ASIA-PACIFIC MICROGRID MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 56: ASIA-PACIFIC MICROGRID MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 57: LEADING PLAYERS OPERATING IN ASIA-PACIFIC MICROGRID MARKET
TABLE 58: REST OF WORLD MICROGRID MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 59: REST OF WORLD MICROGRID MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 60: LEADING PLAYERS OPERATING IN REST OF WORLD MICROGRID MARKET
TABLE 61: LIST OF MERGERS & ACQUISITIONS
TABLE 62: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 63: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 64: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, 2018-2020
FIGURE 3: PORTER'S FIVE FORCES ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: GLOBAL MICROGRID MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 9: GLOBAL MICROGRID MARKET, BY GRID CONNECTED, 2022-2030 (IN $ MILLION)
FIGURE 10: GLOBAL MICROGRID MARKET, BY OFF-GRID, 2022-2030 (IN $ MILLION)
FIGURE 11: GLOBAL MICROGRID MARKET, GROWTH POTENTIAL, BY OFFERING, IN 2021
FIGURE 12: GLOBAL MICROGRID MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 13: GLOBAL MICROGRID MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 14: GLOBAL MICROGRID MARKET, BY POWER GENERATORS, 2022-2030 (IN $ MILLION)
FIGURE 15: GLOBAL MICROGRID MARKET, BY CONTROLLERS, 2022-2030 (IN $ MILLION)
FIGURE 16: GLOBAL MICROGRID MARKET, BY ENERGY STORAGE, 2022-2030 (IN $ MILLION)
FIGURE 17: GLOBAL MICROGRID MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 18: GLOBAL MICROGRID MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 19: GLOBAL MICROGRID MARKET, GROWTH POTENTIAL, BY CONSUMPTION PATTERN, IN 2021
FIGURE 20: GLOBAL MICROGRID MARKET, BY SEMI-URBAN, 2022-2030 (IN $ MILLION)
FIGURE 21: GLOBAL MICROGRID MARKET, BY URBAN/METROPOLITAN, 2022-2030 (IN $ MILLION)
FIGURE 22: GLOBAL MICROGRID MARKET, BY RURAL/ISLAND, 2022-2030 (IN $ MILLION)
FIGURE 23: GLOBAL MICROGRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 24: GLOBAL MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2030 (IN $ MILLION)
FIGURE 25: GLOBAL MICROGRID MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 26: GLOBAL MICROGRID MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)
FIGURE 27: GLOBAL MICROGRID MARKET, BY MILITARY, 2022-2030 (IN $ MILLION)
FIGURE 28: GLOBAL MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2030 (IN $ MILLION)
FIGURE 29: GLOBAL MICROGRID MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)
FIGURE 30: NORTH AMERICA MICROGRID MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 31: UNITED STATES MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 32: CANADA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 33: EUROPE MICROGRID MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 34: UNITED KINGDOM MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 35: GERMANY MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 36: FRANCE MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: ITALY MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 38: SPAIN MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 39: NETHERLANDS MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 40: POLAND MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 41: REST OF EUROPE MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 42: ASIA-PACIFIC MICROGRID MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN%)
FIGURE 43: CHINA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 44: JAPAN MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 45: INDIA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 46: SOUTH KOREA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 47: INDONESIA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 48: THAILAND MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 49: VIETNAM MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 50: AUSTRALIA & NEW ZEALAND MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 51: REST OF ASIA-PACIFIC MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 52: REST OF WORLD MICROGRID MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)
FIGURE 53: LATIN AMERICA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 54: MIDDLE EAST & AFRICA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
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