Microgrid Market - Top Companies and Manufacturers

  • Report ID: 3379
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Companies Dominating the Microgrid Landscape

top-features-companies
    • 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:  Dhruv Bhatia


  • Report ID: 3379
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of microgrid is assessed at USD 10.14 Billion.

The microgrid market size was over USD 9.06 Billion in 2023 and is likely to reach USD 45.95 Billion by the end of 2036, witnessing around 13.3% CAGR during the forecast period i.e., between 2024-2036. 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.

North America is expected to be the largest with a share of about 38% by 2036, propelled by increasing need for reliable and uninterrupted power supply, especially in remote and rural areas, and increasing popularity of renewable energy sources such as solar and wind energy.

General Electric Company, 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
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