Energy & Power
Global Microgrid Market Research Report 2024
- Jan 29, 24
- ID: 45976
- Pages: 82
- Figures: 169
- Views: 23
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.
The global Microgrid market was valued at US$ 28750 million in 2023 and is anticipated to reach US$ 63830 million by 2030, witnessing a CAGR of 11.7% during the forecast period 2024-2030.
Global microgrid key players include ABB, NEC, GE, Aquion Energy, Echelon, etc. Global top 5 players hold a share about 25%.
North America is the largest market, with a share about 41%, followed by Asia-Pacific, having a total share about 40 percent.
In terms of product, grid-tied is the largest segment, with a share about 78%. And in terms of application, the largest application is commercial or industrial microgrid.
This report aims to provide a comprehensive presentation of the global market for Microgrid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microgrid.
Report Scope
The Microgrid market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Microgrid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Microgrid companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
SandC Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
Segment by Type
Grid-Tied
Independent
Segment by Application
Commercial or Industrial Microgrid
Community or Utility Microgrid
Campus or Institutional Microgrid
Military Microgrid
Remote Microgrid
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Microgrid companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The global Microgrid market was valued at US$ 28750 million in 2023 and is anticipated to reach US$ 63830 million by 2030, witnessing a CAGR of 11.7% during the forecast period 2024-2030.
Global microgrid key players include ABB, NEC, GE, Aquion Energy, Echelon, etc. Global top 5 players hold a share about 25%.
North America is the largest market, with a share about 41%, followed by Asia-Pacific, having a total share about 40 percent.
In terms of product, grid-tied is the largest segment, with a share about 78%. And in terms of application, the largest application is commercial or industrial microgrid.
This report aims to provide a comprehensive presentation of the global market for Microgrid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Microgrid.
Report Scope
The Microgrid market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Microgrid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Microgrid companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
SandC Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
Segment by Type
Grid-Tied
Independent
Segment by Application
Commercial or Industrial Microgrid
Community or Utility Microgrid
Campus or Institutional Microgrid
Military Microgrid
Remote Microgrid
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Microgrid companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Microgrid Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Grid-Tied
1.2.3 Independent
1.3 Market by Application
1.3.1 Global Microgrid Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Commercial or Industrial Microgrid
1.3.3 Community or Utility Microgrid
1.3.4 Campus or Institutional Microgrid
1.3.5 Military Microgrid
1.3.6 Remote Microgrid
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Microgrid Market Perspective (2019-2030)
2.2 Microgrid Growth Trends by Region
2.2.1 Global Microgrid Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Microgrid Historic Market Size by Region (2019-2024)
2.2.3 Microgrid Forecasted Market Size by Region (2025-2030)
2.3 Microgrid Market Dynamics
2.3.1 Microgrid Industry Trends
2.3.2 Microgrid Market Drivers
2.3.3 Microgrid Market Challenges
2.3.4 Microgrid Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Microgrid Players by Revenue
3.1.1 Global Top Microgrid Players by Revenue (2019-2024)
3.1.2 Global Microgrid Revenue Market Share by Players (2019-2024)
3.2 Global Microgrid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Microgrid Revenue
3.4 Global Microgrid Market Concentration Ratio
3.4.1 Global Microgrid Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Microgrid Revenue in 2023
3.5 Microgrid Key Players Head office and Area Served
3.6 Key Players Microgrid Product Solution and Service
3.7 Date of Enter into Microgrid Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Microgrid Breakdown Data by Type
4.1 Global Microgrid Historic Market Size by Type (2019-2024)
4.2 Global Microgrid Forecasted Market Size by Type (2025-2030)
5 Microgrid Breakdown Data by Application
5.1 Global Microgrid Historic Market Size by Application (2019-2024)
5.2 Global Microgrid Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Microgrid Market Size (2019-2030)
6.2 North America Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Microgrid Market Size by Country (2019-2024)
6.4 North America Microgrid Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Microgrid Market Size (2019-2030)
7.2 Europe Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Microgrid Market Size by Country (2019-2024)
7.4 Europe Microgrid Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Microgrid Market Size (2019-2030)
8.2 Asia-Pacific Microgrid Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Microgrid Market Size by Region (2019-2024)
8.4 Asia-Pacific Microgrid Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Microgrid Market Size (2019-2030)
9.2 Latin America Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Microgrid Market Size by Country (2019-2024)
9.4 Latin America Microgrid Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Microgrid Market Size (2019-2030)
10.2 Middle East & Africa Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Microgrid Market Size by Country (2019-2024)
10.4 Middle East & Africa Microgrid Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Microgrid Introduction
11.1.4 ABB Revenue in Microgrid Business (2019-2024)
11.1.5 ABB Recent Development
11.2 NEC
11.2.1 NEC Company Detail
11.2.2 NEC Business Overview
11.2.3 NEC Microgrid Introduction
11.2.4 NEC Revenue in Microgrid Business (2019-2024)
11.2.5 NEC Recent Development
11.3 GE
11.3.1 GE Company Detail
11.3.2 GE Business Overview
11.3.3 GE Microgrid Introduction
11.3.4 GE Revenue in Microgrid Business (2019-2024)
11.3.5 GE Recent Development
11.4 Aquion Energy
11.4.1 Aquion Energy Company Detail
11.4.2 Aquion Energy Business Overview
11.4.3 Aquion Energy Microgrid Introduction
11.4.4 Aquion Energy Revenue in Microgrid Business (2019-2024)
11.4.5 Aquion Energy Recent Development
11.5 Echelon
11.5.1 Echelon Company Detail
11.5.2 Echelon Business Overview
11.5.3 Echelon Microgrid Introduction
11.5.4 Echelon Revenue in Microgrid Business (2019-2024)
11.5.5 Echelon Recent Development
11.6 Raytheon
11.6.1 Raytheon Company Detail
11.6.2 Raytheon Business Overview
11.6.3 Raytheon Microgrid Introduction
11.6.4 Raytheon Revenue in Microgrid Business (2019-2024)
11.6.5 Raytheon Recent Development
11.7 SandC Electric Co
11.7.1 SandC Electric Co Company Detail
11.7.2 SandC Electric Co Business Overview
11.7.3 SandC Electric Co Microgrid Introduction
11.7.4 SandC Electric Co Revenue in Microgrid Business (2019-2024)
11.7.5 SandC Electric Co Recent Development
11.8 Eaton Corporation
11.8.1 Eaton Corporation Company Detail
11.8.2 Eaton Corporation Business Overview
11.8.3 Eaton Corporation Microgrid Introduction
11.8.4 Eaton Corporation Revenue in Microgrid Business (2019-2024)
11.8.5 Eaton Corporation Recent Development
11.9 Sunverge Energy
11.9.1 Sunverge Energy Company Detail
11.9.2 Sunverge Energy Business Overview
11.9.3 Sunverge Energy Microgrid Introduction
11.9.4 Sunverge Energy Revenue in Microgrid Business (2019-2024)
11.9.5 Sunverge Energy Recent Development
11.10 Siemens
11.10.1 Siemens Company Detail
11.10.2 Siemens Business Overview
11.10.3 Siemens Microgrid Introduction
11.10.4 Siemens Revenue in Microgrid Business (2019-2024)
11.10.5 Siemens Recent Development
11.11 Toshiba
11.11.1 Toshiba Company Detail
11.11.2 Toshiba Business Overview
11.11.3 Toshiba Microgrid Introduction
11.11.4 Toshiba Revenue in Microgrid Business (2019-2024)
11.11.5 Toshiba Recent Development
11.12 General Microgrids
11.12.1 General Microgrids Company Detail
11.12.2 General Microgrids Business Overview
11.12.3 General Microgrids Microgrid Introduction
11.12.4 General Microgrids Revenue in Microgrid Business (2019-2024)
11.12.5 General Microgrids Recent Development
11.13 Lockheed Martin
11.13.1 Lockheed Martin Company Detail
11.13.2 Lockheed Martin Business Overview
11.13.3 Lockheed Martin Microgrid Introduction
11.13.4 Lockheed Martin Revenue in Microgrid Business (2019-2024)
11.13.5 Lockheed Martin Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Microgrid Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Grid-Tied
1.2.3 Independent
1.3 Market by Application
1.3.1 Global Microgrid Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Commercial or Industrial Microgrid
1.3.3 Community or Utility Microgrid
1.3.4 Campus or Institutional Microgrid
1.3.5 Military Microgrid
1.3.6 Remote Microgrid
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Microgrid Market Perspective (2019-2030)
2.2 Microgrid Growth Trends by Region
2.2.1 Global Microgrid Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Microgrid Historic Market Size by Region (2019-2024)
2.2.3 Microgrid Forecasted Market Size by Region (2025-2030)
2.3 Microgrid Market Dynamics
2.3.1 Microgrid Industry Trends
2.3.2 Microgrid Market Drivers
2.3.3 Microgrid Market Challenges
2.3.4 Microgrid Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Microgrid Players by Revenue
3.1.1 Global Top Microgrid Players by Revenue (2019-2024)
3.1.2 Global Microgrid Revenue Market Share by Players (2019-2024)
3.2 Global Microgrid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Microgrid Revenue
3.4 Global Microgrid Market Concentration Ratio
3.4.1 Global Microgrid Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Microgrid Revenue in 2023
3.5 Microgrid Key Players Head office and Area Served
3.6 Key Players Microgrid Product Solution and Service
3.7 Date of Enter into Microgrid Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Microgrid Breakdown Data by Type
4.1 Global Microgrid Historic Market Size by Type (2019-2024)
4.2 Global Microgrid Forecasted Market Size by Type (2025-2030)
5 Microgrid Breakdown Data by Application
5.1 Global Microgrid Historic Market Size by Application (2019-2024)
5.2 Global Microgrid Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Microgrid Market Size (2019-2030)
6.2 North America Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Microgrid Market Size by Country (2019-2024)
6.4 North America Microgrid Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Microgrid Market Size (2019-2030)
7.2 Europe Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Microgrid Market Size by Country (2019-2024)
7.4 Europe Microgrid Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Microgrid Market Size (2019-2030)
8.2 Asia-Pacific Microgrid Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Microgrid Market Size by Region (2019-2024)
8.4 Asia-Pacific Microgrid Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Microgrid Market Size (2019-2030)
9.2 Latin America Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Microgrid Market Size by Country (2019-2024)
9.4 Latin America Microgrid Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Microgrid Market Size (2019-2030)
10.2 Middle East & Africa Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Microgrid Market Size by Country (2019-2024)
10.4 Middle East & Africa Microgrid Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Microgrid Introduction
11.1.4 ABB Revenue in Microgrid Business (2019-2024)
11.1.5 ABB Recent Development
11.2 NEC
11.2.1 NEC Company Detail
11.2.2 NEC Business Overview
11.2.3 NEC Microgrid Introduction
11.2.4 NEC Revenue in Microgrid Business (2019-2024)
11.2.5 NEC Recent Development
11.3 GE
11.3.1 GE Company Detail
11.3.2 GE Business Overview
11.3.3 GE Microgrid Introduction
11.3.4 GE Revenue in Microgrid Business (2019-2024)
11.3.5 GE Recent Development
11.4 Aquion Energy
11.4.1 Aquion Energy Company Detail
11.4.2 Aquion Energy Business Overview
11.4.3 Aquion Energy Microgrid Introduction
11.4.4 Aquion Energy Revenue in Microgrid Business (2019-2024)
11.4.5 Aquion Energy Recent Development
11.5 Echelon
11.5.1 Echelon Company Detail
11.5.2 Echelon Business Overview
11.5.3 Echelon Microgrid Introduction
11.5.4 Echelon Revenue in Microgrid Business (2019-2024)
11.5.5 Echelon Recent Development
11.6 Raytheon
11.6.1 Raytheon Company Detail
11.6.2 Raytheon Business Overview
11.6.3 Raytheon Microgrid Introduction
11.6.4 Raytheon Revenue in Microgrid Business (2019-2024)
11.6.5 Raytheon Recent Development
11.7 SandC Electric Co
11.7.1 SandC Electric Co Company Detail
11.7.2 SandC Electric Co Business Overview
11.7.3 SandC Electric Co Microgrid Introduction
11.7.4 SandC Electric Co Revenue in Microgrid Business (2019-2024)
11.7.5 SandC Electric Co Recent Development
11.8 Eaton Corporation
11.8.1 Eaton Corporation Company Detail
11.8.2 Eaton Corporation Business Overview
11.8.3 Eaton Corporation Microgrid Introduction
11.8.4 Eaton Corporation Revenue in Microgrid Business (2019-2024)
11.8.5 Eaton Corporation Recent Development
11.9 Sunverge Energy
11.9.1 Sunverge Energy Company Detail
11.9.2 Sunverge Energy Business Overview
11.9.3 Sunverge Energy Microgrid Introduction
11.9.4 Sunverge Energy Revenue in Microgrid Business (2019-2024)
11.9.5 Sunverge Energy Recent Development
11.10 Siemens
11.10.1 Siemens Company Detail
11.10.2 Siemens Business Overview
11.10.3 Siemens Microgrid Introduction
11.10.4 Siemens Revenue in Microgrid Business (2019-2024)
11.10.5 Siemens Recent Development
11.11 Toshiba
11.11.1 Toshiba Company Detail
11.11.2 Toshiba Business Overview
11.11.3 Toshiba Microgrid Introduction
11.11.4 Toshiba Revenue in Microgrid Business (2019-2024)
11.11.5 Toshiba Recent Development
11.12 General Microgrids
11.12.1 General Microgrids Company Detail
11.12.2 General Microgrids Business Overview
11.12.3 General Microgrids Microgrid Introduction
11.12.4 General Microgrids Revenue in Microgrid Business (2019-2024)
11.12.5 General Microgrids Recent Development
11.13 Lockheed Martin
11.13.1 Lockheed Martin Company Detail
11.13.2 Lockheed Martin Business Overview
11.13.3 Lockheed Martin Microgrid Introduction
11.13.4 Lockheed Martin Revenue in Microgrid Business (2019-2024)
11.13.5 Lockheed Martin Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
List of Tables
Table 1. Global Microgrid Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
Table 2. Key Players of Grid-Tied
Table 3. Key Players of Independent
Table 4. Global Microgrid Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
Table 5. Global Microgrid Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
Table 6. Global Microgrid Market Size by Region (2019-2024) & (US$ Million)
Table 7. Global Microgrid Market Share by Region (2019-2024)
Table 8. Global Microgrid Forecasted Market Size by Region (2025-2030) & (US$ Million)
Table 9. Global Microgrid Market Share by Region (2025-2030)
Table 10. Microgrid Market Trends
Table 11. Microgrid Market Drivers
Table 12. Microgrid Market Challenges
Table 13. Microgrid Market Restraints
Table 14. Global Microgrid Revenue by Players (2019-2024) & (US$ Million)
Table 15. Global Microgrid Market Share by Players (2019-2024)
Table 16. Global Top Microgrid Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Microgrid as of 2023)
Table 17. Ranking of Global Top Microgrid Companies by Revenue (US$ Million) in 2023
Table 18. Global 5 Largest Players Market Share by Microgrid Revenue (CR5 and HHI) & (2019-2024)
Table 19. Key Players Headquarters and Area Served
Table 20. Key Players Microgrid Product Solution and Service
Table 21. Date of Enter into Microgrid Market
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global Microgrid Market Size by Type (2019-2024) & (US$ Million)
Table 24. Global Microgrid Revenue Market Share by Type (2019-2024)
Table 25. Global Microgrid Forecasted Market Size by Type (2025-2030) & (US$ Million)
Table 26. Global Microgrid Revenue Market Share by Type (2025-2030)
Table 27. Global Microgrid Market Size by Application (2019-2024) & (US$ Million)
Table 28. Global Microgrid Revenue Market Share by Application (2019-2024)
Table 29. Global Microgrid Forecasted Market Size by Application (2025-2030) & (US$ Million)
Table 30. Global Microgrid Revenue Market Share by Application (2025-2030)
Table 31. North America Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 32. North America Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 33. North America Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 34. Europe Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 35. Europe Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 36. Europe Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 37. Asia-Pacific Microgrid Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
Table 38. Asia-Pacific Microgrid Market Size by Region (2019-2024) & (US$ Million)
Table 39. Asia-Pacific Microgrid Market Size by Region (2025-2030) & (US$ Million)
Table 40. Latin America Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 41. Latin America Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 42. Latin America Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 43. Middle East & Africa Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 44. Middle East & Africa Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 45. Middle East & Africa Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 46. ABB Company Detail
Table 47. ABB Business Overview
Table 48. ABB Microgrid Product
Table 49. ABB Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 50. ABB Recent Development
Table 51. NEC Company Detail
Table 52. NEC Business Overview
Table 53. NEC Microgrid Product
Table 54. NEC Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 55. NEC Recent Development
Table 56. GE Company Detail
Table 57. GE Business Overview
Table 58. GE Microgrid Product
Table 59. GE Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 60. GE Recent Development
Table 61. Aquion Energy Company Detail
Table 62. Aquion Energy Business Overview
Table 63. Aquion Energy Microgrid Product
Table 64. Aquion Energy Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 65. Aquion Energy Recent Development
Table 66. Echelon Company Detail
Table 67. Echelon Business Overview
Table 68. Echelon Microgrid Product
Table 69. Echelon Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 70. Echelon Recent Development
Table 71. Raytheon Company Detail
Table 72. Raytheon Business Overview
Table 73. Raytheon Microgrid Product
Table 74. Raytheon Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 75. Raytheon Recent Development
Table 76. SandC Electric Co Company Detail
Table 77. SandC Electric Co Business Overview
Table 78. SandC Electric Co Microgrid Product
Table 79. SandC Electric Co Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 80. SandC Electric Co Recent Development
Table 81. Eaton Corporation Company Detail
Table 82. Eaton Corporation Business Overview
Table 83. Eaton Corporation Microgrid Product
Table 84. Eaton Corporation Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 85. Eaton Corporation Recent Development
Table 86. Sunverge Energy Company Detail
Table 87. Sunverge Energy Business Overview
Table 88. Sunverge Energy Microgrid Product
Table 89. Sunverge Energy Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 90. Sunverge Energy Recent Development
Table 91. Siemens Company Detail
Table 92. Siemens Business Overview
Table 93. Siemens Microgrid Product
Table 94. Siemens Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 95. Siemens Recent Development
Table 96. Toshiba Company Detail
Table 97. Toshiba Business Overview
Table 98. Toshiba Microgrid Product
Table 99. Toshiba Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 100. Toshiba Recent Development
Table 101. General Microgrids Company Detail
Table 102. General Microgrids Business Overview
Table 103. General Microgrids Microgrid Product
Table 104. General Microgrids Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 105. General Microgrids Recent Development
Table 106. Lockheed Martin Company Detail
Table 107. Lockheed Martin Business Overview
Table 108. Lockheed Martin Microgrid Product
Table 109. Lockheed Martin Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 110. Lockheed Martin Recent Development
Table 111. Research Programs/Design for This Report
Table 112. Key Data Information from Secondary Sources
Table 113. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Microgrid Market Size Comparison by Type (2024-2030) & (US$ Million)
Figure 2. Global Microgrid Market Share by Type: 2023 VS 2030
Figure 3. Grid-Tied Features
Figure 4. Independent Features
Figure 5. Global Microgrid Market Size Comparison by Application (2024-2030) & (US$ Million)
Figure 6. Global Microgrid Market Share by Application: 2023 VS 2030
Figure 7. Commercial or Industrial Microgrid Case Studies
Figure 8. Community or Utility Microgrid Case Studies
Figure 9. Campus or Institutional Microgrid Case Studies
Figure 10. Military Microgrid Case Studies
Figure 11. Remote Microgrid Case Studies
Figure 12. Microgrid Report Years Considered
Figure 13. Global Microgrid Market Size (US$ Million), Year-over-Year: 2019-2030
Figure 14. Global Microgrid Market Size, (US$ Million), 2019 VS 2023 VS 2030
Figure 15. Global Microgrid Market Share by Region: 2023 VS 2030
Figure 16. Global Microgrid Market Share by Players in 2023
Figure 17. Global Top Microgrid Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Microgrid as of 2023)
Figure 18. The Top 10 and 5 Players Market Share by Microgrid Revenue in 2023
Figure 19. North America Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 20. North America Microgrid Market Share by Country (2019-2030)
Figure 21. United States Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 22. Canada Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 23. Europe Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 24. Europe Microgrid Market Share by Country (2019-2030)
Figure 25. Germany Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 26. France Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 27. U.K. Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 28. Italy Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 29. Russia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 30. Nordic Countries Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 31. Asia-Pacific Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 32. Asia-Pacific Microgrid Market Share by Region (2019-2030)
Figure 33. China Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 34. Japan Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 35. South Korea Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 36. Southeast Asia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 37. India Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 38. Australia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 39. Latin America Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 40. Latin America Microgrid Market Share by Country (2019-2030)
Figure 41. Mexico Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 42. Brazil Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 43. Middle East & Africa Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 44. Middle East & Africa Microgrid Market Share by Country (2019-2030)
Figure 45. Turkey Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 46. Saudi Arabia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 47. ABB Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 48. NEC Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 49. GE Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 50. Aquion Energy Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 51. Echelon Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 52. Raytheon Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 53. SandC Electric Co Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 54. Eaton Corporation Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 55. Sunverge Energy Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 56. Siemens Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 57. Toshiba Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 58. General Microgrids Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 59. Lockheed Martin Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 60. Bottom-up and Top-down Approaches for This Report
Figure 61. Data Triangulation
Figure 62. Key Executives Interviewed
Table 1. Global Microgrid Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
Table 2. Key Players of Grid-Tied
Table 3. Key Players of Independent
Table 4. Global Microgrid Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
Table 5. Global Microgrid Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
Table 6. Global Microgrid Market Size by Region (2019-2024) & (US$ Million)
Table 7. Global Microgrid Market Share by Region (2019-2024)
Table 8. Global Microgrid Forecasted Market Size by Region (2025-2030) & (US$ Million)
Table 9. Global Microgrid Market Share by Region (2025-2030)
Table 10. Microgrid Market Trends
Table 11. Microgrid Market Drivers
Table 12. Microgrid Market Challenges
Table 13. Microgrid Market Restraints
Table 14. Global Microgrid Revenue by Players (2019-2024) & (US$ Million)
Table 15. Global Microgrid Market Share by Players (2019-2024)
Table 16. Global Top Microgrid Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Microgrid as of 2023)
Table 17. Ranking of Global Top Microgrid Companies by Revenue (US$ Million) in 2023
Table 18. Global 5 Largest Players Market Share by Microgrid Revenue (CR5 and HHI) & (2019-2024)
Table 19. Key Players Headquarters and Area Served
Table 20. Key Players Microgrid Product Solution and Service
Table 21. Date of Enter into Microgrid Market
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global Microgrid Market Size by Type (2019-2024) & (US$ Million)
Table 24. Global Microgrid Revenue Market Share by Type (2019-2024)
Table 25. Global Microgrid Forecasted Market Size by Type (2025-2030) & (US$ Million)
Table 26. Global Microgrid Revenue Market Share by Type (2025-2030)
Table 27. Global Microgrid Market Size by Application (2019-2024) & (US$ Million)
Table 28. Global Microgrid Revenue Market Share by Application (2019-2024)
Table 29. Global Microgrid Forecasted Market Size by Application (2025-2030) & (US$ Million)
Table 30. Global Microgrid Revenue Market Share by Application (2025-2030)
Table 31. North America Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 32. North America Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 33. North America Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 34. Europe Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 35. Europe Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 36. Europe Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 37. Asia-Pacific Microgrid Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
Table 38. Asia-Pacific Microgrid Market Size by Region (2019-2024) & (US$ Million)
Table 39. Asia-Pacific Microgrid Market Size by Region (2025-2030) & (US$ Million)
Table 40. Latin America Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 41. Latin America Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 42. Latin America Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 43. Middle East & Africa Microgrid Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 44. Middle East & Africa Microgrid Market Size by Country (2019-2024) & (US$ Million)
Table 45. Middle East & Africa Microgrid Market Size by Country (2025-2030) & (US$ Million)
Table 46. ABB Company Detail
Table 47. ABB Business Overview
Table 48. ABB Microgrid Product
Table 49. ABB Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 50. ABB Recent Development
Table 51. NEC Company Detail
Table 52. NEC Business Overview
Table 53. NEC Microgrid Product
Table 54. NEC Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 55. NEC Recent Development
Table 56. GE Company Detail
Table 57. GE Business Overview
Table 58. GE Microgrid Product
Table 59. GE Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 60. GE Recent Development
Table 61. Aquion Energy Company Detail
Table 62. Aquion Energy Business Overview
Table 63. Aquion Energy Microgrid Product
Table 64. Aquion Energy Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 65. Aquion Energy Recent Development
Table 66. Echelon Company Detail
Table 67. Echelon Business Overview
Table 68. Echelon Microgrid Product
Table 69. Echelon Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 70. Echelon Recent Development
Table 71. Raytheon Company Detail
Table 72. Raytheon Business Overview
Table 73. Raytheon Microgrid Product
Table 74. Raytheon Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 75. Raytheon Recent Development
Table 76. SandC Electric Co Company Detail
Table 77. SandC Electric Co Business Overview
Table 78. SandC Electric Co Microgrid Product
Table 79. SandC Electric Co Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 80. SandC Electric Co Recent Development
Table 81. Eaton Corporation Company Detail
Table 82. Eaton Corporation Business Overview
Table 83. Eaton Corporation Microgrid Product
Table 84. Eaton Corporation Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 85. Eaton Corporation Recent Development
Table 86. Sunverge Energy Company Detail
Table 87. Sunverge Energy Business Overview
Table 88. Sunverge Energy Microgrid Product
Table 89. Sunverge Energy Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 90. Sunverge Energy Recent Development
Table 91. Siemens Company Detail
Table 92. Siemens Business Overview
Table 93. Siemens Microgrid Product
Table 94. Siemens Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 95. Siemens Recent Development
Table 96. Toshiba Company Detail
Table 97. Toshiba Business Overview
Table 98. Toshiba Microgrid Product
Table 99. Toshiba Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 100. Toshiba Recent Development
Table 101. General Microgrids Company Detail
Table 102. General Microgrids Business Overview
Table 103. General Microgrids Microgrid Product
Table 104. General Microgrids Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 105. General Microgrids Recent Development
Table 106. Lockheed Martin Company Detail
Table 107. Lockheed Martin Business Overview
Table 108. Lockheed Martin Microgrid Product
Table 109. Lockheed Martin Revenue in Microgrid Business (2019-2024) & (US$ Million)
Table 110. Lockheed Martin Recent Development
Table 111. Research Programs/Design for This Report
Table 112. Key Data Information from Secondary Sources
Table 113. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Microgrid Market Size Comparison by Type (2024-2030) & (US$ Million)
Figure 2. Global Microgrid Market Share by Type: 2023 VS 2030
Figure 3. Grid-Tied Features
Figure 4. Independent Features
Figure 5. Global Microgrid Market Size Comparison by Application (2024-2030) & (US$ Million)
Figure 6. Global Microgrid Market Share by Application: 2023 VS 2030
Figure 7. Commercial or Industrial Microgrid Case Studies
Figure 8. Community or Utility Microgrid Case Studies
Figure 9. Campus or Institutional Microgrid Case Studies
Figure 10. Military Microgrid Case Studies
Figure 11. Remote Microgrid Case Studies
Figure 12. Microgrid Report Years Considered
Figure 13. Global Microgrid Market Size (US$ Million), Year-over-Year: 2019-2030
Figure 14. Global Microgrid Market Size, (US$ Million), 2019 VS 2023 VS 2030
Figure 15. Global Microgrid Market Share by Region: 2023 VS 2030
Figure 16. Global Microgrid Market Share by Players in 2023
Figure 17. Global Top Microgrid Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Microgrid as of 2023)
Figure 18. The Top 10 and 5 Players Market Share by Microgrid Revenue in 2023
Figure 19. North America Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 20. North America Microgrid Market Share by Country (2019-2030)
Figure 21. United States Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 22. Canada Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 23. Europe Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 24. Europe Microgrid Market Share by Country (2019-2030)
Figure 25. Germany Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 26. France Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 27. U.K. Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 28. Italy Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 29. Russia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 30. Nordic Countries Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 31. Asia-Pacific Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 32. Asia-Pacific Microgrid Market Share by Region (2019-2030)
Figure 33. China Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 34. Japan Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 35. South Korea Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 36. Southeast Asia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 37. India Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 38. Australia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 39. Latin America Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 40. Latin America Microgrid Market Share by Country (2019-2030)
Figure 41. Mexico Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 42. Brazil Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 43. Middle East & Africa Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 44. Middle East & Africa Microgrid Market Share by Country (2019-2030)
Figure 45. Turkey Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 46. Saudi Arabia Microgrid Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 47. ABB Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 48. NEC Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 49. GE Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 50. Aquion Energy Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 51. Echelon Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 52. Raytheon Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 53. SandC Electric Co Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 54. Eaton Corporation Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 55. Sunverge Energy Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 56. Siemens Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 57. Toshiba Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 58. General Microgrids Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 59. Lockheed Martin Revenue Growth Rate in Microgrid Business (2019-2024)
Figure 60. Bottom-up and Top-down Approaches for This Report
Figure 61. Data Triangulation
Figure 62. Key Executives Interviewed
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