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.
Microgrid is among the most promising tools of modern distribution networks due to their versatility. Once fully customized to the electricity and heating needs of a specific end user, they can simultaneously deliver enhanced reliability, energy and cost efficiency as well as environmental benefits. Microgrid for critical infrastructure (schools, hospitals, universities, wastewater treatment plants, etc.), mainly in cities and small communities, will grow fastest by project number within the next five years, driven by CHP incentives and State resiliency programs along the East Coast, while military Microgrid will add significant additional capacity to the current microgrid landscape.
The global Microgrid Technology revenue was US$ 19590 million in 2022 and is forecast to a readjusted size of US$ 49220 million by 2029 with a CAGR of 13.9% during the review period (2023-2029).
In India, the Microgrid Technology revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period 2023-2029.
Global Microgrid Technology main players are ABB, GE, Echelon, NEC , Aquion Energy, etc. Global top five manufacturers hold a share over 25%. North America is the largest market, with a share nearly 45%.
This report focuses on global and India Microgrid Technology market, also covers the segmentation data of other regions in regional level and county level.
India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Microgrid Technology will continue to grow rapidly in the future.
Global Microgrid Technology Scope and Market Size
Microgrid Technology market is segmented in regional and country level, by players, by Type and by Application. Companies, stakeholders, and other participants in the global Microgrid Technology 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 for the period 2018-2029.
For India market, this report focuses on the Microgrid Technology market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.
By Company
ABB
GE
Echelon
S&C Electric
Siemens
General Microgrids
Microgrid Solar
Raytheon
Sunverge Energy
Toshiba
NEC
Aquion Energy
EnStorage
SGCC
Moixa
EnSync
Ampard
Green Energy Corp
Growing Energy Labs Inc
HOMER Energy
Spirae
Segment by Type
Grid-Tied Type Microgrid
Independent Type Microgrid
Segment by Application
Commercial/Industrial
Community/Utility
Campus/Institutional
Military
Remote
Others
By Region
Americas
United States
Canada
Mexico
Brazil
China
APAC (excluding China)
Japan
South Korea
China Taiwan
ASEAN
India
EMEA
Europe
Middle East
Africa
Chapter Introduction
Chapter 1: Introduces Microgrid Technology definition, global market size, India market size, India percentage in global market. 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 2: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the revenue and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Detailed analysis of Microgrid Technology companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger and acquisition information, etc.
Chapter 5: Revenue of Microgrid Technology in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space of each country in the world.
Chapter 6: Americas by type, by application and by country revenue for each segment.
Chapter 7: EMEA by type, by application and by region, revenue for each segment.
Chapter 8: China by type, by application revenue for each segment.
Chapter 9: APAC (excluding China) by type, by application and by region, revenue for each segment.
Chapter 10: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Microgrid Technology revenue, gross margin and recent development, etc.
Chapter 11: Analyst's Viewpoints/Conclusions
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1 Study Coverage
1.1 Microgrid Technology Product Introduction
1.2 Global Microgrid Technology Outlook 2018 VS 2022 VS 2029
1.2.1 Global Microgrid Technology Market Size for the Year 2018-2029
1.2.2 India Microgrid Technology Market Size for the Year 2018-2029
1.3 Microgrid Technology Market Size, India VS Global, 2018 VS 2022 VS 2029
1.3.1 The Market Share of India Microgrid Technology in Global, 2018 VS 2022 VS 2029
1.3.2 The Growth Rate of Microgrid Technology Market Size, India VS Global, 2018 VS 2022 VS 2029
1.4 Microgrid Technology Market Dynamics
1.4.1 Microgrid Technology Industry Trends
1.4.2 Microgrid Technology Market Drivers
1.4.3 Microgrid Technology Market Challenges
1.4.4 Microgrid Technology Market Restraints
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Microgrid Technology by Type
2.1 Microgrid Technology Market Segment by Type
2.1.1 Grid-Tied Type Microgrid
2.1.2 Independent Type Microgrid
2.2 Global Microgrid Technology Market Size by Type (2018, 2022 & 2029)
2.3 Global Microgrid Technology Market Size by Type (2018-2029)
2.4 India Microgrid Technology Market Size by Type (2018, 2022 & 2029)
2.5 India Microgrid Technology Market Size by Type (2018-2029)
3 Microgrid Technology by Application
3.1 Microgrid Technology Market Segment by Application
3.1.1 Commercial/Industrial
3.1.2 Community/Utility
3.1.3 Campus/Institutional
3.1.4 Military
3.1.5 Remote
3.1.6 Others
3.2 Global Microgrid Technology Market Size by Application (2018, 2022 & 2029)
3.3 Global Microgrid Technology Market Size by Application (2018-2029)
3.4 India Microgrid Technology Market Size by Application (2018, 2022 & 2029)
3.5 India Microgrid Technology Market Size by Application (2018-2029)
4 Global Microgrid Technology Competitor Landscape by Company
4.1 Global Microgrid Technology Market Size by Company
4.1.1 Global Key Companies of Microgrid Technology, Ranked by Revenue (2022)
4.1.2 Global Microgrid Technology Revenue by Player (2018-2023)
4.2 Global Microgrid Technology Concentration Ratio (CR)
4.2.1 Microgrid Technology Market Concentration Ratio (CR) (2018-2023)
4.2.2 Global Top 5 and Top 10 Largest Companies of Microgrid Technology in 2022
4.2.3 Global Microgrid Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Key Players of Microgrid Technology Head office and Area Served
4.4 Global Key Players of Microgrid Technology, Product and Application
4.5 Global Key Players of Microgrid Technology, Date of Enter into This Industry
4.6 Companies Mergers & Acquisitions, Expansion Plans
4.7 India Microgrid Technology Market Size by Company
4.7.1 Key Players of Microgrid Technology in India, Ranked by Revenue (2022)
4.7.2 India Microgrid Technology Revenue by Players (2021, 2022 & 2023)
5 Global Microgrid Technology Market Size by Region
5.1 Global Microgrid Technology Market Size by Region: 2018 VS 2022 VS 2029
5.2 Global Microgrid Technology Market Size by Region (2018-2029)
5.2.1 Global Microgrid Technology Market Size by Region: 2018-2023
5.2.2 Global Microgrid Technology Market Size by Region (2024-2029)
6 Americas
6.1 Americas Microgrid Technology Market Size YoY Growth 2018-2029
6.2 Americas Microgrid Technology Market Size by Type
6.2.1 Americas Microgrid Technology Market Size by Type (2018-2023)
6.2.2 Americas Microgrid Technology Market Size by Type (2024-2029)
6.2.3 Americas Microgrid Technology Market Share by Type (2018-2029)
6.3 Americas Microgrid Technology Market Size by Application
6.3.1 Americas Microgrid Technology Market Size by Application (2018-2023)
6.3.2 Americas Microgrid Technology Market Size by Application (2024-2029)
6.3.3 Americas Microgrid Technology Market Share by Application (2018-2029)
6.4 Americas Microgrid Technology Market Facts & Figures by Country (2018, 2022 & 2029)
6.4.1 United States
6.4.2 Canada
6.4.3 Mexico
6.4.4 Brazil
7 EMEA
7.1 EMEA Microgrid Technology Market Size YoY Growth 2018-2029
7.2 EMEA Microgrid Technology Market Size by Type
7.2.1 EMEA Microgrid Technology Market Size by Type (2018-2023)
7.2.2 EMEA Microgrid Technology Market Size by Type (2024-2029)
7.2.3 EMEA Microgrid Technology Market Share by Type (2018-2029)
7.3 EMEA Microgrid Technology Market Size by Application
7.3.1 EMEA Microgrid Technology Market Size by Application (2018-2023)
7.3.2 EMEA Microgrid Technology Market Size by Application (2024-2029)
7.3.3 EMEA Microgrid Technology Market Share by Application (2018-2029)
7.4 EMEA Microgrid Technology Market Facts & Figures by Country (2018, 2022 & 2029)
7.4.1 Europe
7.4.2 Middle East
7.4.3 Africa
8 China
8.1 China Microgrid Technology Market Size YoY Growth 2018-2029
8.2 China Microgrid Technology Market Size by Type
8.2.1 China Microgrid Technology Market Size by Type (2018-2023)
8.2.2 China Microgrid Technology Market Size by Type (2024-2029)
8.2.3 China Microgrid Technology Market Share by Type (2018-2029)
8.3 China Microgrid Technology Market Size by Application
8.3.1 China Microgrid Technology Market Size by Application (2018-2023)
8.3.2 China Microgrid Technology Market Size by Application (2024-2029)
8.3.3 China Microgrid Technology Market Share by Application (2018-2029)
9 APAC (excluding China)
9.1 APAC Microgrid Technology Market Size YoY Growth 2018-2029
9.2 APAC Microgrid Technology Market Size by Type
9.2.1 APAC Microgrid Technology Market Size by Type (2018-2023)
9.2.2 APAC Microgrid Technology Market Size by Type (2024-2029)
9.2.3 APAC Microgrid Technology Market Share by Type (2018-2029)
9.3 APAC Microgrid Technology Market Size by Application
9.3.1 APAC Microgrid Technology Market Size by Application (2018-2023)
9.3.2 APAC Microgrid Technology Market Size by Application (2024-2029)
9.3.3 APAC Microgrid Technology Market Share by Application (2018-2029)
9.4 APAC Microgrid Technology Market Facts & Figures by Country (2018, 2022 & 2029)
9.4.1 Japan
9.4.2 South Korea
9.4.3 China Taiwan
9.4.4 Southeast Asia
9.4.5 India
10 Key Players Profiles
10.1 ABB
10.1.1 ABB Company Details
10.1.2 ABB Business Overview
10.1.3 ABB Microgrid Technology Introduction
10.1.4 ABB Revenue in Microgrid Technology Business (2018-2023)
10.1.5 ABB Recent Development
10.2 GE
10.2.1 GE Company Details
10.2.2 GE Business Overview
10.2.3 GE Microgrid Technology Introduction
10.2.4 GE Revenue in Microgrid Technology Business (2018-2023)
10.2.5 GE Recent Development
10.3 Echelon
10.3.1 Echelon Company Details
10.3.2 Echelon Business Overview
10.3.3 Echelon Microgrid Technology Introduction
10.3.4 Echelon Revenue in Microgrid Technology Business (2018-2023)
10.3.5 Echelon Recent Development
10.4 S&C Electric
10.4.1 S&C Electric Company Details
10.4.2 S&C Electric Business Overview
10.4.3 S&C Electric Microgrid Technology Introduction
10.4.4 S&C Electric Revenue in Microgrid Technology Business (2018-2023)
10.4.5 S&C Electric Recent Development
10.5 Siemens
10.5.1 Siemens Company Details
10.5.2 Siemens Business Overview
10.5.3 Siemens Microgrid Technology Introduction
10.5.4 Siemens Revenue in Microgrid Technology Business (2018-2023)
10.5.5 Siemens Recent Development
10.6 General Microgrids
10.6.1 General Microgrids Company Details
10.6.2 General Microgrids Business Overview
10.6.3 General Microgrids Microgrid Technology Introduction
10.6.4 General Microgrids Revenue in Microgrid Technology Business (2018-2023)
10.6.5 General Microgrids Recent Development
10.7 Microgrid Solar
10.7.1 Microgrid Solar Company Details
10.7.2 Microgrid Solar Business Overview
10.7.3 Microgrid Solar Microgrid Technology Introduction
10.7.4 Microgrid Solar Revenue in Microgrid Technology Business (2018-2023)
10.7.5 Microgrid Solar Recent Development
10.8 Raytheon
10.8.1 Raytheon Company Details
10.8.2 Raytheon Business Overview
10.8.3 Raytheon Microgrid Technology Introduction
10.8.4 Raytheon Revenue in Microgrid Technology Business (2018-2023)
10.8.5 Raytheon Recent Development
10.9 Sunverge Energy
10.9.1 Sunverge Energy Company Details
10.9.2 Sunverge Energy Business Overview
10.9.3 Sunverge Energy Microgrid Technology Introduction
10.9.4 Sunverge Energy Revenue in Microgrid Technology Business (2018-2023)
10.9.5 Sunverge Energy Recent Development
10.10 Toshiba
10.10.1 Toshiba Company Details
10.10.2 Toshiba Business Overview
10.10.3 Toshiba Microgrid Technology Introduction
10.10.4 Toshiba Revenue in Microgrid Technology Business (2018-2023)
10.10.5 Toshiba Recent Development
10.11 NEC
10.11.1 NEC Company Details
10.11.2 NEC Business Overview
10.11.3 NEC Microgrid Technology Introduction
10.11.4 NEC Revenue in Microgrid Technology Business (2018-2023)
10.11.5 NEC Recent Development
10.12 Aquion Energy
10.12.1 Aquion Energy Company Details
10.12.2 Aquion Energy Business Overview
10.12.3 Aquion Energy Microgrid Technology Introduction
10.12.4 Aquion Energy Revenue in Microgrid Technology Business (2018-2023)
10.12.5 Aquion Energy Recent Development
10.13 EnStorage
10.13.1 EnStorage Company Details
10.13.2 EnStorage Business Overview
10.13.3 EnStorage Microgrid Technology Introduction
10.13.4 EnStorage Revenue in Microgrid Technology Business (2018-2023)
10.13.5 EnStorage Recent Development
10.14 SGCC
10.14.1 SGCC Company Details
10.14.2 SGCC Business Overview
10.14.3 SGCC Microgrid Technology Introduction
10.14.4 SGCC Revenue in Microgrid Technology Business (2018-2023)
10.14.5 SGCC Recent Development
10.15 Moixa
10.15.1 Moixa Company Details
10.15.2 Moixa Business Overview
10.15.3 Moixa Microgrid Technology Introduction
10.15.4 Moixa Revenue in Microgrid Technology Business (2018-2023)
10.15.5 Moixa Recent Development
10.16 EnSync
10.16.1 EnSync Company Details
10.16.2 EnSync Business Overview
10.16.3 EnSync Microgrid Technology Introduction
10.16.4 EnSync Revenue in Microgrid Technology Business (2018-2023)
10.16.5 EnSync Recent Development
10.17 Ampard
10.17.1 Ampard Company Details
10.17.2 Ampard Business Overview
10.17.3 Ampard Microgrid Technology Introduction
10.17.4 Ampard Revenue in Microgrid Technology Business (2018-2023)
10.17.5 Ampard Recent Development
10.18 Green Energy Corp
10.18.1 Green Energy Corp Company Details
10.18.2 Green Energy Corp Business Overview
10.18.3 Green Energy Corp Microgrid Technology Introduction
10.18.4 Green Energy Corp Revenue in Microgrid Technology Business (2018-2023)
10.18.5 Green Energy Corp Recent Development
10.19 Growing Energy Labs Inc
10.19.1 Growing Energy Labs Inc Company Details
10.19.2 Growing Energy Labs Inc Business Overview
10.19.3 Growing Energy Labs Inc Microgrid Technology Introduction
10.19.4 Growing Energy Labs Inc Revenue in Microgrid Technology Business (2018-2023)
10.19.5 Growing Energy Labs Inc Recent Development
10.20 HOMER Energy
10.20.1 HOMER Energy Company Details
10.20.2 HOMER Energy Business Overview
10.20.3 HOMER Energy Microgrid Technology Introduction
10.20.4 HOMER Energy Revenue in Microgrid Technology Business (2018-2023)
10.20.5 HOMER Energy Recent Development
10.21 Spirae
10.21.1 Spirae Company Details
10.21.2 Spirae Business Overview
10.21.3 Spirae Microgrid Technology Introduction
10.21.4 Spirae Revenue in Microgrid Technology Business (2018-2023)
10.21.5 Spirae Recent Development
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.2 Data Source
12.2 Disclaimer
12.3 Author Details
ABB
GE
Echelon
S&C Electric
Siemens
General Microgrids
Microgrid Solar
Raytheon
Sunverge Energy
Toshiba
NEC
Aquion Energy
EnStorage
SGCC
Moixa
EnSync
Ampard
Green Energy Corp
Growing Energy Labs Inc
HOMER Energy
Spirae
*If Applicable.