NORTH AMERICA MICROGRID MARKET 2022-2028

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According to this report, the microgrid market in North America is estimated to attain a compound annual growth rate of 10.72% over the forecasting years 2022 to 2028.

SKU: TR-221-2022 Category: Tag:

Description

MARKET OUTLOOK

According to this report, the microgrid market in North America is estimated to attain a compound annual growth rate of 10.72% over the forecasting years 2022 to 2028. The United States and Canada are studied in the region.
Extreme weather conditions may disrupt the electricity supply, causing blackouts in Canada. If a transmission system component fails, the entire grid may fail to function. Hence, around 300 remote communities’ function with the help of diesel-powered microgrids. This has led the government to focus on environmentally friendly options to support the power and utility sector. As per the Ontario Power Generation, the Gull Bay First Nation co-developed a community microgrid in Thunder Bay that employs solar power, battery storage, and automated control technology. Such development thus supplements the studied market’s growth.
Flexible microgrid solutions have become a vital part of renewable integration strategies in the US. Several companies are strategizing to expand their operations in the country. For instance, Hitachi Energy assisted Nevada Vanadium set up a microgrid and battery energy storage at their mining site. Another company Bimbo Bakeries collaborated with GreenStruxure to design and construct solar-powered microgrids in its bakeries across the country. Thus, growing initiatives by players are expected to drive the market’s progression.

COMPETITIVE OUTLOOK

The well-known companies in the microgrid market are Exelon Corporation, Fairbanks Morse, National Grid Plc, S&C Electric Company, Cummins Inc, and NRG Energy Inc.

TABLE OF CONTENTS

1. NORTH AMERICA MICROGRID MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE MICROGRID MARKET
2.2. KEY INSIGHTS
2.2.1. GROWING USE OF MICROGRIDS IN SOLAR ENERGY
2.2.2. INCREASE IN SMART CITIES INITIATIVES
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY MARKET STRATEGIES
2.6.1. PRODUCT LAUNCHES
2.6.2. COLLABORATIONS
2.6.3. BUSINESS DIVESTITURES
2.6.4. ACQUISITIONS
2.7. MARKET DRIVERS
2.7.1. COMBATING POWER OUTAGES DURING SEVERE WEATHER USING MICROGRIDS
2.7.2. GROWING ELECTRICITY CONSUMPTION WORLDWIDE
2.8. MARKET CHALLENGES
2.8.1. HURDLES POSED BY REGULATORY FRAMEWORK
2.8.2. HIGH MAINTENANCE AND INSTALLATION OF MICROGRIDS
2.9. MARKET OPPORTUNITIES
2.9.1. RISING USE OF INTERNET OF THINGS (IoT) IN MICROGRIDS
2.9.2. RISE IN CLEAN ENERGY INTEGRATION BY GOVERNMENT AND PRIVATE SECTOR
3. NORTH AMERICA MICROGRID MARKET OUTLOOK – BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. NORTH AMERICA MICROGRID MARKET OUTLOOK – BY COMPONENT
4.1. HARDWARE
4.1.1. POWER GENERATORS
4.1.2. ENERGY STORAGE
4.1.3. CONTROLLERS
4.2. SOFTWARE
4.3. SERVICES
5. NORTH AMERICA MICROGRID MARKET OUTLOOK – BY CONNECTIVITY
5.1. GRID CONNECTED
5.2. ISLAND GRID
6. NORTH AMERICA MICROGRID MARKET OUTLOOK – BY INDUSTRY VERTICAL
6.1. COMMERCIAL & INDUSTRIAL
6.2. HEALTHCARE
6.3. EDUCATIONAL INSTITUTIONS
6.4. MILITARY & DEFENSE
6.5. GOVERNMENT & UTILITIES
6.6. OTHER INDUSTRY VERTICALS
7. NORTH AMERICA MICROGRID MARKET – COUNTRY OUTLOOK
7.1. UNITED STATES
7.2. CANADA
8. COMPETITIVE LANDSCAPE
8.1. HITACHI LTD
8.2. SCHNEIDER ELECTRIC
8.3. DUKE ENERGY CORPORATION
8.4. EXELON CORPORATION
8.5. SIEMENS AG
8.6. FAIRBANKS MORSE
8.7. NATIONAL GRID PLC
8.8. S&C ELECTRIC COMPANY
8.9. BLOOM ENERGY
8.10. CUMMINS INC
8.11. FUELCELL ENERGY INC
8.12. GENERAL ELECTRIC COMPANY
8.13. POWER ENGINEERS INCORPORATED
8.14. NRG ENERGY INC
8.15. EATON CORPORATION PLC
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

LIST OF TABLES

TABLE 1: NORTH AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF PRODUCT LAUNCHES
TABLE 4: LIST OF COLLABORATIONS
TABLE 5: LIST OF BUSINESS DIVESTITURES
TABLE 6: LIST OF ACQUISITIONS
TABLE 7: NORTH AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, IN 2018-2020
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: NORTH AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE 4: NORTH AMERICA MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: NORTH AMERICA MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE 16: NORTH AMERICA MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 19: NORTH AMERICA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 23: NORTH AMERICA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 24: NORTH AMERICA MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 25: NORTH AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: UNITED STATES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: CANADA MICROGRID MARKET 2022-2028 (IN $ MILLION)

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Companies Mentioned

1. HITACHI LTD
2. SCHNEIDER ELECTRIC
3. DUKE ENERGY CORPORATION
4. EXELON CORPORATION
5. SIEMENS AG
6. FAIRBANKS MORSE
7. NATIONAL GRID PLC
8. S&C ELECTRIC COMPANY
9. BLOOM ENERGY
10. CUMMINS INC
11. FUELCELL ENERGY INC
12. GENERAL ELECTRIC COMPANY
13. POWER ENGINEERS INCORPORATED
14. NRG ENERGY INC
15. EATON CORPORATION PLC

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