Global Microgrid Market (2019-2025) | Value, Share, Growth, Outlook, Industry, Companies, Trends, Revenue, Forecast, Analysis & Size

Global Microgrid Market is expected to witness significant growth over the coming years owing to the ongoing shift from conventional power stations toward distributed energy. The rising demand for uninterrupted power supply and resilient power infrastructure has paved the way for the growth of the microgrid market globally. Also, microgrids use the renewable energy mix for power generation, which would help governments and enterprises across the globe to achieve the target to reduce global carbon footprint which further beholds the Microgrid Market Growth.

According to 6Wresearch, the Global Microgrid Market size is projected to grow at a CAGR of 9.3% during 2019–2025. Governments across several countries are actively working towards higher adoption of microgrids for power generation. Several initiatives have been taken by various governments such as Smart Power Infrastructure Demonstration for Energy Reliability and Security (SPIDERS) program has augmented the large-scale deployment of microgrids in the USA military sector and the Clean Power Plan would further strengthen the deployment of microgrids in the USA. In China and India, the respective governments have given emphasis to the adoption of microgrids for electricity generation with the launch of programs such as China’s Thirteenth Five Year Plan for Electricity Development and the National Smart Grid Mission of India.

Global Microgrid Market growth conventional power stations towards distributed energy. The rising demand for uninterrupted power supply and resilient power infrastructure has paved the way for the growth of the microgrid market globally. microgrids use the energy to mix for power generation this will help the governments and enterprises to achieve the global target to reduce global carbon footprint.

One of the major benefits of microgrids is the reduction in energy loss due to the long-distance transmission of electricity as the power is generated locally. As a result, the demand for microgrids is increasing across several segments. The Healthcare application segment is expected to grow at a faster rate over the coming years on account of the requirement for an uninterrupted power supply for critical life support systems and equipment. Moreover, rising penetration towards reduction of overall cost and providing power back to avoid risk in case of emergencies is adding to the Microgrid Market Revenue.

Some of the key players in the global microgrid market are General Electric, ABB, Siemens AG, Schneider Electric, Honeywell, Exelon Corporation, and Eaton.

The Global Microgrid Market report comprehensively covers the market by capacity, fuel, prime mover, applications, and regions including North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific. The global microgrid market outlook report provides an unbiased and detailed analysis of global microgrid market trends, global microgrid market share, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

The Global microgrid market is anticipated to witness potential revenue growth in the coming years backed by the rising adoption of building energy management systems, use of virtual power plants, rise in the digitalization of the electricity grid, rising need for energy storage, and a spur in the electricity generation to the remote areas. The growth in the electric grid in the developing regions and countries would contribute to the sound growth of the Global microgrid market during the coming years. Africa microgrid market is anticipated to dominate the overall revenues in the global microgrid market owing to the increasing electrification rate in the African countries which would lead to an increased demand for microgrid systems in the coming future and would raise the bar for the Global microgrid market in the years to come.

Microgrid plays a vital role in countries that are still developing in the case of power grid infrastructure. Africa microgrid market is anticipated to be a growth dominating factor and bring about new horizons for shaping the market competitive landscape in the coming future owing to the vast underdeveloped power grid infrastructure in the African countries especially, Burundi, Rwanda, and Malawi. As a result, an increase in the development of the grid infrastructure is still expected to take time to be implemented and would lead to a spur in the market demand for microgrid until proper grid infrastructure is developed and this would leave a positive impact on the growth of the Africa microgrid market.

The global Microgrid market is anticipated to gain momentum in the upcoming six years backed by the rising potential growth of the data centers where the high requirement of the power backup source to ensure continuous data processing. Further, the rising hospital infrastructure development across the globe with the rising chronic disease prevalence and increasing surgery cases where adequate power supply is needed to operate machines would benefit the growth of the global microgrid market in the upcoming six years.

Key Highlights of the Reports

• Global Microgrid Market Overview
• Global Microgrid Market Outlook
• Global Microgrid Market Forecast
• Historical Data of Global Microgrid Market Revenues for the Period 2015-2018
• Global Microgrid Market Size and Global Microgrid Market Forecast of Revenues, Until 2025
• Market Size & Forecast of Global Microgrid Market Revenues, By Regions, for the period 2015-2025F
• Historical data & Forecast of North America Microgrid Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of North America Microgrid Market Revenues, By Types, Applications and Regions for the Period, 2015-2025F
• Historical data & Forecast of Latin America Microgrid Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of Latin America Microgrid Market Revenues, By Types, Applications and Regions for the Period, 2015-2025F
• Historical data & Forecast of Asia Pacific Microgrid Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of Asia Pacific Microgrid Market Revenues, By Types, Applications and Regions for the Period, 2015-2025F
• Historical data & Forecast of the Middle East & Africa Microgrid Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of the Middle East & Africa Microgrid Market Revenues, By Types, Applications, and Regions for the Period, 2015-2025F
• Historical data & Forecast of Europe Microgrid Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of Europe Microgrid Market Revenues, By Types, Applications and Regions for the Period, 2015-2025F
• Market Drivers & Restraints
• Global Microgrid Markets and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• Global Microgrid Market Shares, By players
• Global Microgrid Market Trends
• Global Microgrid Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered:

The Global Microgrid market report provides a detailed analysis of the following market segments:

By Types

• Grid Connected
• Remote/ Island

By Applications

• Commercial & Residential
• Government & Education
• Industrial & Utility
• Military
• Others (Telecom Infrastructure, Data centers, Electric Vehicle Infrastructure, etc.)

By Regions

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

Other Key Related Reports

• Asia Pacific Microgrid Market Report
• Middle East Microgrid Market Report
• Europe Microgrid Market Report
• North America Microgrid Market Report

Frequently Asked Questions About the Market Study (FAQs):