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Report
North America Microgrid Market Forecast 2022-2030
Market Report I 2022-08-23 I 125 Pages I Inkwood Research
KEY FINDINGS
The North America microgrid market is estimated to increase with an 11.07% CAGR during the forecasted period, 2022-2030. Increasing power outages and niche applications of remote communities and military bases propel market growth.
MARKET INSIGHTS
The North America microgrid market growth evaluation includes the study of Canada and United States. As the world population increases, the need for electricity increases proportionately. However, according to the Canada Energy Regulator, in 2020, over 200,000 people in Canada are not connected to the North American electrical grid and natural gas distribution pipeline systems. Canadians also face various natural disasters, and extreme weather conditions disrupt the electricity supply, causing massive blackouts that linger for days.
Additionally, if a transmission system component fails, the entire grid may come to a complete stop. There are nearly 300 remote communities in Canada, most of which are served by diesel-powered microgrids. The federal government has worked with regional governments to offer more environmentally friendly options. Further, various projects were launched for numerous microgrid installations to include fully functional and smart residential energy systems. These large-scale projects are expected to drive the demand for microgrids in Canada.
COMPETITIVE INSIGHTS
Some key companies are Exelon Corporation, Duke Energy Corporation, 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.
- 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
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: NORTH AMERICA MARKET SNAPSHOT - MICROGRID
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: NORTH AMERICA MICROGRID MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: NORTH AMERICA MICROGRID MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: NORTH AMERICA MICROGRID MARKET, BY OFFERING, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: NORTH AMERICA MICROGRID MARKET, BY OFFERING, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: NORTH AMERICA MICROGRID MARKET, BY CONSUMPTION PATTERN, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: NORTH AMERICA MICROGRID MARKET, BY CONSUMPTION PATTERN, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: NORTH AMERICA MICROGRID MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: NORTH AMERICA MICROGRID MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 13: NORTH AMERICA MICROGRID MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: NORTH AMERICA MICROGRID MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: LEADING PLAYERS OPERATING IN NORTH AMERICA MICROGRID MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: 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: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 9: NORTH AMERICA MICROGRID MARKET, BY GRID CONNECTED, 2022-2030 (IN $ MILLION)
FIGURE 10: NORTH AMERICA MICROGRID MARKET, BY OFF-GRID, 2022-2030 (IN $ MILLION)
FIGURE 11: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY OFFERING, IN 2021
FIGURE 12: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 13: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 14: NORTH AMERICA MICROGRID MARKET, BY POWER GENERATORS, 2022-2030 (IN $ MILLION)
FIGURE 15: NORTH AMERICA MICROGRID MARKET, BY CONTROLLERS, 2022-2030 (IN $ MILLION)
FIGURE 16: NORTH AMERICA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2030 (IN $ MILLION)
FIGURE 17: NORTH AMERICA MICROGRID MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 18: NORTH AMERICA MICROGRID MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 19: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY CONSUMPTION PATTERN, IN 2021
FIGURE 20: NORTH AMERICA MICROGRID MARKET, BY SEMI-URBAN, 2022-2030 (IN $ MILLION)
FIGURE 21: NORTH AMERICA MICROGRID MARKET, BY URBAN/METROPOLITAN, 2022-2030 (IN $ MILLION)
FIGURE 22: NORTH AMERICA MICROGRID MARKET, BY RURAL/ISLAND, 2022-2030 (IN $ MILLION)
FIGURE 23: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 24: NORTH AMERICA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2030 (IN $ MILLION)
FIGURE 25: NORTH AMERICA MICROGRID MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 26: NORTH AMERICA MICROGRID MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)
FIGURE 27: NORTH AMERICA MICROGRID MARKET, BY MILITARY, 2022-2030 (IN $ MILLION)
FIGURE 28: NORTH AMERICA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2030 (IN $ MILLION)
FIGURE 29: NORTH AMERICA 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)
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