Microgrid Market Size & Share, by Connectivity (Grid Connected, Off-Grid Connected); Offering (Hardware, Software & Services); Application (Institutional Sites, Commercial Facilities, Remote Off-Grid Communities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3379
  • Published Date: Apr 01, 2023
  • Report Format: PDF, PPT

Companies Dominating the Microgrid Landscape

    • General Electric Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens AG
    • Eaton Corporation Inc.
    • Schneider Electric SE
    • Honeywell International Inc.
    • ABB, Ltd.
    • S&C Electric Company
    • Power Analytics Corporation
    • Exelon Corporation
    • HOMER Energy LLC

Browse Key Market Insights with Data Illustration:


In The News

  • Siemens AG created a grid software suite to manage the complexity of grid systems. An open, modular software suite has been developed by Siemens Smart Infrastructure. This suite includes a number of tools to simulate, analyze, monitor, and control the power grid. This makes it easier for utilities to optimize their systems, reduce costs, and increase reliability.

  • An innovative microgrid control Lab has been opened at the University of Central Florida (UCF) by Florida Power & Light Company (FPL) and GE Digital. This lab will serve as a research facility to explore new technologies and approaches to improving grid reliability and resiliency.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 3379
  • Published Date: Apr 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing focus on reducing carbon emissions and the need for reliable and secure power supply along with increasing energy production are the major factors driving the market growth.

The market size of microgrid is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2023-2035.

High installation costs and lack of awareness among end-users are estimated to be the growth hindering factors for the market expansion.

Asia Pacific will provide more business opportunities owing to the rapid rate of rural electrification in several Asian countries, namely India, Malaysia, and the Philippines.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by connectivity, offering, application and by region.

The grid connected segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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