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Microgrid is a localized power system comprised of distributed generation assets, energy storage devices, and smart distribution technologies that interoperates through controls and software-based intelligence systems.
ABB, NEC and GE captured the top three revenue share spots in the Microgrid market in 2018. ABB dominated with 8.59 percent revenue share, followed by NEC with 7.21 percent revenue share and GE with 5.93 percent revenue share.
The second place is China; following United States with the Revenue market share over 20.40% in 2018. Europe is another important consumption market of Microgrid Technology.
Market Analysis and Insights: Global Microgrid Market
In 2019, the global Microgrid market size was US$ 24130 million and it is expected to reach US$ 51470 million by the end of 2026, with a CAGR of 11.3% during 2021-2026.
Global Microgrid Scope and Market Size
Microgrid market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Microgrid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Microgrid market is segmented into Grid-Tied Type Microgrid, Independent Type Microgrid, etc.
Segment by Application, the Microgrid market is segmented into Remote Systems, Institution and Utility, Commercial and Industrial, Military, Others, etc.
Regional and Country-level Analysis
The Microgrid market is analysed and market size information is provided by regions (countries).
The key regions covered in the Microgrid market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Microgrid market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Microgrid business, the date to enter into the Microgrid market, Microgrid product introduction, recent developments, etc.
The major vendors include ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, S&C Electric Co, Eaton Corporation, Sunverge Energy, Siemens, Toshiba, General Microgrids, Lockheed Martin, etc.
This report focuses on the global Microgrid status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Microgrid development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
S&C Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
Grid-Tied Type Microgrid
Independent Type Microgrid
Remote Systems
Institution and Utility
Commercial and Industrial
Military
Others
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
To analyze global Microgrid status, future forecast, growth opportunity, key market and key players.
To present the Microgrid development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Microgrid are as follows:
History Year: 2015-2019
2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
ABB, NEC and GE captured the top three revenue share spots in the Microgrid market in 2018. ABB dominated with 8.59 percent revenue share, followed by NEC with 7.21 percent revenue share and GE with 5.93 percent revenue share.
The second place is China; following United States with the Revenue market share over 20.40% in 2018. Europe is another important consumption market of Microgrid Technology.
Market Analysis and Insights: Global Microgrid Market
In 2019, the global Microgrid market size was US$ 24130 million and it is expected to reach US$ 51470 million by the end of 2026, with a CAGR of 11.3% during 2021-2026.
Global Microgrid Scope and Market Size
Microgrid market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Microgrid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Microgrid market is segmented into Grid-Tied Type Microgrid, Independent Type Microgrid, etc.
Segment by Application, the Microgrid market is segmented into Remote Systems, Institution and Utility, Commercial and Industrial, Military, Others, etc.
Regional and Country-level Analysis
The Microgrid market is analysed and market size information is provided by regions (countries).
The key regions covered in the Microgrid market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscape
and Microgrid Market Share AnalysisMicrogrid market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Microgrid business, the date to enter into the Microgrid market, Microgrid product introduction, recent developments, etc.
The major vendors include ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, S&C Electric Co, Eaton Corporation, Sunverge Energy, Siemens, Toshiba, General Microgrids, Lockheed Martin, etc.
This report focuses on the global Microgrid status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Microgrid development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
S&C Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin
Market segment by Type, the product can be split into
Grid-Tied Type Microgrid
Independent Type Microgrid
Market segment by Application, split into
Remote Systems
Institution and Utility
Commercial and Industrial
Military
Others
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Microgrid status, future forecast, growth opportunity, key market and key players.
To present the Microgrid development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Microgrid are as follows:
History Year: 2015-2019
Base Year:
2019Estimated Year:
2020Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
