Microgrid Market Size to Grow by USD 19.5 billion | Increasing Government Support to Boost Growth | Technavio

NEW YORK, June 29, 2022 /PRNewswire/ -- The microgrid market will be driven by factors such as increasing government support. Governments are introducing policies that encourage the development of microgrids. For instance, in the US, microgrid projects are supported by funding benefits in the form of grants from federal and state governments. Hence, the adoption of microgrids is increasing at a rapid pace, which is adding to microgrid capacity. Moreover, energy storage systems are being installed to increase the penetration of renewable energy, which helps microgrids operate by making use of non-carbon emitting resources. Hence, the market will continue to grow during the forecast period.

The microgrid market size is expected to grow by USD 19.5 bn from 2020 to 2025. Moreover, the growth momentum of the market will progress at a CAGR of 12.86% during the forecast period, according to Technavio.

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Microgrid Market 2021-2025: Scope

The microgrid market report covers the following areas:

• Microgrid Market size
• Microgrid Market trends
• Microgrid Market industry analysis

Microgrid Market 2021-2025: Challenge

The high implementation costs will challenge the global microgrid market share growth during the forecast period. Microgrids involve a wide range of equipment related to power generation resources, distribution infrastructure, and control systems. A majority of the microgrids are built upon existing infrastructure. Moreover, the components of microgrids need to be integrated with several other technologies to have the required platform functionalities. This increases the production costs of the equipment.

Microgrid Market 2021-2025: Segmentation

• Application
• Remote
• Institutions And Campus
• Military
• Others
• Geography
• North America
• APAC
• Europe
• South America
• MEA

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Microgrid Market 2021-2025: Regional Analysis

North America will account for 28% of the market's growth during the forecast period. Increased initiatives from the US government for implementing energy-efficient power solutions will drive the microgrid market growth in North America during the forecast period. The US and Canada are the key countries for the microgrid market in North America. Moreover, market growth in this region will be slower than the growth of the market in other regions.

Microgrid Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the microgrid market, including ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Exelon Corp., General Electric Co., Honeywell International Inc., Powerhive Inc., S&C Electric Co., Schneider Electric SE, and Siemens AG, among others.

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Microgrid Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist microgrid market growth during the next five years
• Estimation of the microgrid market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the microgrid market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of microgrid market vendors

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Table Of Contents :

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Environmental services

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 15: Application - Market share 2020-2025 (%)

• 5.2 Comparison by Application
• Exhibit 16: Comparison by Application

• 5.3 Remote - Market size and forecast 2020-2025
• Exhibit 17: Remote - Market size and forecast 2020-2025 ($ million)
• Exhibit 18: Remote - Year-over-year growth 2020-2025 (%)

• 5.4 Institutions and campus - Market size and forecast 2020-2025
• Exhibit 19: Institutions and campus - Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Institutions and campus - Year-over-year growth 2020-2025 (%)

• 5.5 Military - Market size and forecast 2020-2025
• Exhibit 21: Military - Market size and forecast 2020-2025 ($ million)
• Exhibit 22: Military - Year-over-year growth 2020-2025 (%)

• 5.6 Others - Market size and forecast 2020-2025
• Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
• Exhibit 24: Others - Year-over-year growth 2020-2025 (%)

• 5.7 Market opportunity by Application
• Exhibit 25: Market opportunity by Application

6 Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 27: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• Exhibit 28: Geographic comparison

• 7.3 North America - Market size and forecast 2020-2025
• Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
• Exhibit 30: North America - Year-over-year growth 2020-2025 (%)

• 7.4 APAC - Market size and forecast 2020-2025
• Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
• Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)

• 7.5 Europe - Market size and forecast 2020-2025
• Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
• Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)

• 7.6 South America - Market size and forecast 2020-2025
• Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
• Exhibit 36: South America - Year-over-year growth 2020-2025 (%)

• 7.7 MEA - Market size and forecast 2020-2025
• Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
• Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)

• 7.8 Key leading countries
• Exhibit 39: Key leading countries

• 7.9 Market opportunity by geography
• Exhibit 40: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• Exhibit 41: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Overview
• Exhibit 42: Vendor landscape

• 9.2 Landscape disruption

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 45: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 46: Market positioning of vendors

• 10.3 ABB Ltd.
• Exhibit 47: ABB Ltd. - Overview
• Exhibit 48: ABB Ltd. - Business segments
• Exhibit 49: ABB Ltd. - Key News
• Exhibit 50: ABB Ltd. - Key offerings
• Exhibit 51: ABB Ltd. - Segment focus

• 10.4 Eaton Corp. Plc
• Exhibit 52: Eaton Corp. Plc - Overview
• Exhibit 53: Eaton Corp. Plc - Business segments
• Exhibit 54: Eaton Corp. Plc - Key News
• Exhibit 55: Eaton Corp. Plc - Key offerings
• Exhibit 56: Eaton Corp. Plc - Segment focus

• 10.5 Emerson Electric Co.
• Exhibit 57: Emerson Electric Co. - Overview
• Exhibit 58: Emerson Electric Co. - Business segments
• Exhibit 59: Emerson Electric Co. - Key News
• Exhibit 60: Emerson Electric Co. - Key offerings
• Exhibit 61: Emerson Electric Co. - Segment focus

• 10.6 Exelon Corp.
• Exhibit 62: Exelon Corp. - Overview
• Exhibit 63: Exelon Corp. - Business segments
• Exhibit 64: Exelon Corp. - Key News
• Exhibit 65: Exelon Corp. - Key offerings
• Exhibit 66: Exelon Corp. - Segment focus

• 10.7 General Electric Co.
• Exhibit 67: General Electric Co. - Overview
• Exhibit 68: General Electric Co. - Business segments
• Exhibit 69: General Electric Co. - Key News
• Exhibit 70: General Electric Co. - Key offerings
• Exhibit 71: General Electric Co. - Segment focus

• 10.8 Honeywell International Inc.
• Exhibit 72: Honeywell International Inc. - Overview
• Exhibit 73: Honeywell International Inc. - Business segments
• Exhibit 74: Honeywell International Inc. - Key News
• Exhibit 75: Honeywell International Inc. - Key offerings
• Exhibit 76: Honeywell International Inc. - Segment focus

• 10.9 Powerhive Inc.
• Exhibit 77: Powerhive Inc. - Overview
• Exhibit 78: Powerhive Inc. - Product and service
• Exhibit 79: Powerhive Inc. - Key offerings

• 10.10 S&C Electric Co.
• Exhibit 80: S&C Electric Co. - Overview
• Exhibit 81: S&C Electric Co. - Product and service
• Exhibit 82: S&C Electric Co. - Key offerings

• 10.11 Schneider Electric SE
• Exhibit 83: Schneider Electric SE - Overview
• Exhibit 84: Schneider Electric SE - Business segments
• Exhibit 85: Schneider Electric SE - Key News
• Exhibit 86: Schneider Electric SE - Key offerings
• Exhibit 87: Schneider Electric SE - Segment focus

• 10.12 Siemens AG
• Exhibit 88: Siemens AG - Overview
• Exhibit 89: Siemens AG - Business segments
• Exhibit 90: Siemens AG - Key News
• Exhibit 91: Siemens AG - Key offerings
• Exhibit 92: Siemens AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• Exhibit 93: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 94: Research Methodology
• Exhibit 95: Validation techniques employed for market sizing
• Exhibit 96: Information sources

• 11.4 List of abbreviations
• Exhibit 97: List of abbreviations

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