Microgrid Market Size, Share, Opportunities, And Trends By Component (Hardware, Software), By Grid (On-Grid, Off-Grid), By Ownership (Private, Public), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061610268
- Pages : 148
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The microgrid market was valued at US$11.018 billion in 2021 and is projected to expand at a CAGR of 15.82% over the forecast period to reach US$30.803 billion by 2028.
This research study examines the microgrid market based on various segments: component, by grid, ownership and geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the microgrid market comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the microgrid market. Moreover, the research study analyzes the overall regulatory framework of the microgrid market, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Microgrid market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the microgrid market report is as below:
- Microgrid market data tables and charts
- Market outlook with sections on drivers, restraints, Porter’s and industry value chain analysis
- Market assessment by technology into hardware, and software.
- Detailed market trends, analysis and graphical representation by grid into on-grid, and off-grid.
- In-depth analysis of the microgrid market by ownership into private, and public.
- A 360° view of the demand for microgrid market solutions/services across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.
Microgrid Market Scope:
| Report Metric | Details |
| Market Size Value in 2021 | US$11.018 billion |
| Market Size Value in 2028 | US$30.803 billion |
| Growth Rate | CAGR of 15.82% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Component, Grid, Ownership, and Geography |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered | Eaton Corporation plc, Siemens AG, General Electric Company, Hitachi, Ltd, Exelon Corporation, Honeywell International Inc., Spirae, LLC, PowerSecure, Inc., Schneider Electric |
| Customization Scope | Free report customization with purchase |
Different segments covered under the microgrid market report are as below:
- By Component
- Hardware
- Software
- By Grid
- On-Grid
- Off-Grid
- By Ownership
- Private
- Public
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- The Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. MICROGRID MARKET, BY COMPONENT
5.1. Introduction
5.2. Hardware
5.3. Software
6. MICROGRID MARKET, BY GRID
6.1. Introduction
6.2. On-Grid
6.3. Off-Grid
7. MICROGRID MARKET, BY OWNERSHIP
7.1. Introduction
7.2. Private
7.3. Public
8. MICROGRID MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Eaton Corporation plc
10.2. Siemens AG
10.3. General Electric Company
10.4. Hitachi, Ltd
10.5. Exelon Corporation
10.6. Honeywell International Inc.
10.7. Spirae, LLC
10.8. PowerSecure, Inc.
10.9. Schneider Electric
Eaton Corporation plc
Siemens AG
General Electric Company
Hitachi, Ltd
Exelon Corporation
Honeywell International Inc.
Spirae, LLC
PowerSecure, Inc.
Schneider Electric
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