Report overview
A microgrid, as defined by the U.S. Department of Energy Microgrid Exchange Group, is a group of interconnected loads and distributed energy resources within clearly defined electrical boundaries that acts as a single controllable entity with respect to the grid. A microgrid can connect and disconnect from the grid to enable it to operate in both grid-connected or island-mode.
This report aims to provide a comprehensive presentation of the global market for Modular Microgrids, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Modular Microgrids. This report contains market size and forecasts of Modular Microgrids in global, including the following market information:
Global Modular Microgrids Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Modular Microgrids market was valued at US$ 1715.4 million in 2022 and is projected to reach US$ 3096.7 million by 2029, at a CAGR of 8.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global modular microgrids key players include PowerSecure, Schweitzer Engineering Laboratories, Schneider Electric, Eaton, SMA Solar Technology, etc. Global top 5 manufacturers hold a share about 40%.
North America is the largest market, with a share over 40%, followed by Asia-Pacific and Europe, both have a share over 50 percent. In terms of product, hardware system is the largest segment, with a share over 85%. And in terms of application, the largest application is commercial and industrial, followed by remote.
We surveyed the Modular Microgrids companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Modular Microgrids Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Modular Microgrids Market Segment Percentages, by Type, 2022 (%)
Hardware System
Software System
Global Modular Microgrids Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Modular Microgrids Market Segment Percentages, by Application, 2022 (%)
Remote
Commercial and Industrial
Utility Distribution
Institutional and Military
Community and Other
Global Modular Microgrids Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Modular Microgrids Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Modular Microgrids revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Modular Microgrids revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB-Hitachi
Schneider Electric
PowerSecure
GE Grid Solutions
Siemens
Eaton
Schweitzer Engineering Laboratories
Bloom Energy
SMA Solar Technology
Gridscape
SimpliPhi Power
Scale Microgrid Solutions
Gham Power
BoxPower
Outline of Major Chapters:
Chapter 1: Introduces the definition of Modular Microgrids, market overview.
Chapter 2: Global Modular Microgrids market size in revenue.
Chapter 3: Detailed analysis of Modular Microgrids company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Modular Microgrids in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
