Based on CRI’s report, the global microgrid market is estimated to witness growth at a CAGR of 10.73% during the forecast period 2022-2028.
The global market’s growth can be attributed to key factors such as combating power outages using microgrids, along with growing electricity consumption across the globe. Additionally, the surging integration of the internet of things in microgrids and rising investments in clean energy by governments are expected to open new avenues for the studied market.
On the contrary, the market’s growth is restricted owing to hurdles posed by the regulatory framework and high maintenance and installation costs.

REGIONAL OUTLOOK

The global microgrid market includes North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions.
The Asia-Pacific is deemed to witness the fastest growth over the forecast period. The large population base in the region has increased the demand for power grids due to the lack of electricity. Due to low electrification rates, several microgrid innovators are expanding operations in the region and are backed by government funding.
Additionally, with several nations facing extreme weather conditions, microgrids have emerged as an ideal solution to improve grid efficiency. During the forecast period, collaborations between governments, international development agencies, and energy companies are expected to rise, boosting the market’s growth.

COMPETITIVE OUTLOOK

The major companies in the microgrid market are Hitachi Ltd, Schneider Electric, Duke Energy Corporation, Exelon Corporation, Siemens AG, Fairbanks Morse, National Grid Plc, S&C Electric Company, Bloom Energy, Cummins Inc, FuelCell Energy Inc, General Electric Company, Power Engineers Incorporated, NRG Energy Inc, and Eaton Corporation Plc.
Siemens AG is a global technology company engaged in electrification, automation, and digitalization. It specializes in developing intelligent infrastructure for buildings and distributed energy systems. The company serves clients across various sectors, including manufacturing, healthcare, and power generation. Additionally, it operates through business segments, including smart infrastructure and gas & power. Siemens has operations across the globe, with headquarters located in Munich, Germany.

TABLE OF CONTENTS

1. GLOBAL 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. GLOBAL MICROGRID MARKET OUTLOOK – BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. GLOBAL 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. GLOBAL MICROGRID MARKET OUTLOOK – BY CONNECTIVITY
5.1. GRID CONNECTED
5.2. ISLAND GRID
6. GLOBAL 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. GLOBAL MICROGRID MARKET – REGIONAL OUTLOOK
7.1. NORTH AMERICA
7.1.1. MARKET BY UTILIZATION TYPE
7.1.2. MARKET BY COMPONENT
7.1.2.1. MARKET BY HARDWARE
7.1.3. MARKET BY CONNECTIVITY
7.1.4. MARKET BY INDUSTRY VERTICAL
7.1.5. COUNTRY ANALYSIS
7.1.5.1. UNITED STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET BY UTILIZATION TYPE
7.2.2. MARKET BY COMPONENT
7.2.2.1. MARKET BY HARDWARE
7.2.3. MARKET BY CONNECTIVITY
7.2.4. MARKET BY INDUSTRY VERTICAL
7.2.5. COUNTRY ANALYSIS
7.2.5.1. UNITED KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. ITALY
7.2.5.5. SPAIN
7.2.5.6. THE NETHERLANDS
7.2.5.7. REST OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET BY UTILIZATION TYPE
7.3.2. MARKET BY COMPONENT
7.3.2.1. MARKET BY HARDWARE
7.3.3. MARKET BY CONNECTIVITY
7.3.4. MARKET BY INDUSTRY VERTICAL
7.3.5. COUNTRY ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH KOREA
7.3.5.5. ASEAN COUNTRIES
7.3.5.6. AUSTRALIA & NEW ZEALAND
7.3.5.7. REST OF ASIA-PACIFIC
7.4. LATIN AMERICA
7.4.1. MARKET BY UTILIZATION TYPE
7.4.2. MARKET BY COMPONENT
7.4.2.1. MARKET BY HARDWARE
7.4.3. MARKET BY CONNECTIVITY
7.4.4. MARKET BY INDUSTRY VERTICAL
7.4.5. COUNTRY ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. REST OF LATIN AMERICA
7.5. MIDDLE EAST AND AFRICA
7.5.1. MARKET BY UTILIZATION TYPE
7.5.2. MARKET BY COMPONENT
7.5.2.1. MARKET BY HARDWARE
7.5.3. MARKET BY CONNECTIVITY
7.5.4. MARKET BY INDUSTRY VERTICAL
7.5.5. COUNTRY ANALYSIS
7.5.5.1. UNITED ARAB EMIRATES
7.5.5.2. SAUDI ARABIA
7.5.5.3. ISRAEL
7.5.5.4. SOUTH AFRICA
7.5.5.5. REST OF MIDDLE EAST & AFRICA
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: GLOBAL MICROGRID MARKET, BY REGIONAL 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: GLOBAL MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: GLOBAL MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: GLOBAL MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: GLOBAL MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: GLOBAL MICROGRID MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 15: NORTH AMERICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 16: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 17: NORTH AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 18: NORTH AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 19: EUROPE MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 20: EUROPE MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 21: EUROPE MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 22: EUROPE MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 23: EUROPE MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 24: EUROPE MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 25: ASIA-PACIFIC MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 26: ASIA-PACIFIC MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 27: ASIA-PACIFIC MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 28: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 29: ASIA-PACIFIC MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 30: ASIA-PACIFIC MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 31: LATIN AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 32: LATIN AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 33: LATIN AMERICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 34: LATIN AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 35: LATIN AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 36: LATIN AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 37: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 38: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 39: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 40: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 41: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 42: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, IN 2018-2020
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: GLOBAL MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE 4: GLOBAL MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 5: GLOBAL MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 6: GLOBAL MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: GLOBAL MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: GLOBAL MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 11: GLOBAL MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 15: GLOBAL MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE 16: GLOBAL MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 17: GLOBAL MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE 18: GLOBAL MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 19: GLOBAL MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 20: GLOBAL MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 21: GLOBAL MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: GLOBAL MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 23: GLOBAL MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 24: GLOBAL MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 25: GLOBAL MICROGRID MARKET, BY REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: UNITED STATES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: CANADA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: UNITED KINGDOM MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: GERMANY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: FRANCE MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: ITALY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: SPAIN MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: NETHERLANDS MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: REST OF EUROPE MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: CHINA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: JAPAN MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: INDIA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: SOUTH KOREA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 39: ASEAN COUNTRIES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 40: AUSTRALIA & NEW ZEALAND MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: REST OF ASIA-PACIFIC MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 42: BRAZIL MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 43: MEXICO MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 44: REST OF LATIN AMERICA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 45: UNITED ARAB EMIRATES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 46: SAUDI ARABIA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 47: ISRAEL MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 48: SOUTH AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 49: REST OF MIDDLE EAST & AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)

The post GLOBAL MICROGRID MARKET 2022-2028 first appeared on CRI Report.

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)

The post NORTH AMERICA MICROGRID MARKET 2022-2028 first appeared on CRI Report.

CRI’s report infers that the Middle East and Africa microgrid market is anticipated to progress at a compound annual growth rate of 10.56% during the forecast years 2022-2028. Israel, Saudi Arabia, South Africa, the UAE, and Rest of Middle East & Africa are considered in the given region.
Israel authorized a target of generating 10% of the electricity from renewable sources in 2020.

Solar thermal and photovoltaic power plants are estimated to account for over 70% of total production, with the remaining from wind energy, household PV units, and biomass. Recently, Introspective System commenced a commercialization project to develop software and control microgrids. Such developments are estimated to accelerate the microgrid market’s progression across the country.

On the other hand, South Africa is a coal-dependent country, generating around 90% of the electricity. While microgrids are beneficial for self-generating electricity, it is still considered an expensive option. Nevertheless, the reduction in renewable energy technology and growing grid unreliability have made the adoption of microgrids easier. The rising issues relating to load shedding are another factor that has elevated the adoption of microgrid systems, thereby generating opportunities for the studied market.

COMPETITIVE OUTLOOK

The key companies in the market comprise Siemens AG, Schneider Electric, Duke Energy Corporation, Hitachi Ltd, Fairbanks Morse, Cummins Inc, and NRG Energy Inc.

TABLE OF CONTENTS

1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA MICROGRID MARKET OUTLOOK – BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA MICROGRID MARKET OUTLOOK – BY CONNECTIVITY
5.1. GRID CONNECTED
5.2. ISLAND GRID
6. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA MICROGRID MARKET – COUNTRY OUTLOOK
7.1. UNITED ARAB EMIRATES
7.2. SAUDI ARABIA
7.3. ISRAEL
7.4. SOUTH AFRICA
7.5. REST OF MIDDLE EAST & AFRICA
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: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE 4: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE 16: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 19: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 20: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 21: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 23: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 24: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 25: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: UNITED ARAB EMIRATES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: SAUDI ARABIA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: ISRAEL MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: SOUTH AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: REST OF MIDDLE EAST & AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)

The post MIDDLE EAST AND AFRICA MICROGRID MARKET 2022-2028 first appeared on CRI Report.

CRI’s research report states that the Latin American microgrid market is envisioned to register growth at a compound annual growth rate of 10.61% during the forecasting years 2022-2028. Brazil, Mexico, and Rest of Latin America are studied in the region.
In Mexico, the electrical infrastructure faces issues pertaining to connectivity and coordination, leading to various interruptions. This influenced the government to install various transmission towers and sub-transmission systems nationwide. The rural and underdeveloped areas face inconsistencies in voltage, energy peaks, and current changes. In this regard, SimpliPhi Power partnered with the Footprint Project to supply and deliver a field hospital powered by clean energy through a microgrid system. These developments are supporting the microgrid market’s growth.
Argentina’s microgrid market is witnessing growth owing to the entry of various private companies backed by government funding. In 2020, SyR Energia SAS started working on creating systems to manage Patagonia National Parks through Homer Pro to build microgrids. The most recent microgrid features two micro hydro turbines. Thus, as stated above, these factors are anticipated to open new avenues for the market over the forecast period.

COMPETITIVE OUTLOOK

The leading companies thriving in the microgrid market consist of Hitachi Ltd, Duke Energy Corporation, Siemens AG, Fairbanks Morse, National Grid Plc, and Cummins Inc.

TABLE OF CONTENTS

1. LATIN 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. LATIN AMERICA MICROGRID MARKET OUTLOOK – BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. LATIN 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. LATIN AMERICA MICROGRID MARKET OUTLOOK – BY CONNECTIVITY
5.1. GRID CONNECTED
5.2. ISLAND GRID
6. LATIN 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. LATIN AMERICA MICROGRID MARKET – COUNTRY OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST OF LATIN AMERICA
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: LATIN 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: LATIN AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: LATIN 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: LATIN AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE 4: LATIN AMERICA MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: LATIN AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: LATIN AMERICA MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE 16: LATIN AMERICA MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 19: LATIN AMERICA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 24: LATIN AMERICA MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 25: LATIN AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: BRAZIL MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: MEXICO MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: REST OF LATIN AMERICA MICROGRID MARKET 2022-2028 (IN $ MILLION)

The post LATIN AMERICA MICROGRID MARKET 2022-2028 first appeared on CRI Report.

CRI’s research report infers that the microgrid market in Europe is deemed to progress at a compound annual growth rate of 10.17% in value during the forecasted years 2022-2028. The United Kingdom, France, the Netherlands, Germany, Italy, Spain, and the Rest of Europe are studied in the region.

In France, the EDF Group operates in all power industry segments, including generation, transmission, and distribution. This has led several other companies to enter the power industry, investing significantly in microgrid systems.

For instance, recently, Ecosun developed a trailer equipped with 15 solar panels with a storage capacity of 23 kWh that can be used for off-grid applications. Besides this, the government announced its plan to lower the grid fee for renewable power sources, heat pumps, and EV charging stations. These factors are thus expected to elevate the market’s scope over the forecast period.

Similarly, the Italian government has established a new decree to control the cost of electricity and natural gas for businesses. Moreover, the authorities are offering financial aid and introducing initiatives to increase energy production. The decree includes an acceleration plan for renewable energy, which is expected to increase the need for microgrids. Therefore, favorable government measures are set to fuel the microgrid market’s growth across Italy.

COMPETITIVE OUTLOOK

The prominent companies in the microgrid market include Hitachi Ltd, Siemens AG, National Grid Plc, Fairbanks Morse, S&C Electric Company, and Exelon Corporation.

TABLE OF CONTENTS

1. EUROPE 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. EUROPE MICROGRID MARKET OUTLOOK – BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. EUROPE 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. EUROPE MICROGRID MARKET OUTLOOK – BY CONNECTIVITY
5.1. GRID CONNECTED
5.2. ISLAND GRID
6. EUROPE 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. EUROPE MICROGRID MARKET – COUNTRY OUTLOOK
7.1. UNITED KINGDOM
7.2. GERMANY
7.3. FRANCE
7.4. ITALY
7.5. SPAIN
7.6. THE NETHERLANDS
7.7. REST OF EUROPE
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: EUROPE 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: EUROPE MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: EUROPE MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE 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: EUROPE MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE 4: EUROPE MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 5: EUROPE MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 6: EUROPE MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE 7: EUROPE MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: EUROPE MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: EUROPE MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: EUROPE MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 12: EUROPE MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: EUROPE MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: EUROPE MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 15: EUROPE MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE 16: EUROPE MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 17: EUROPE MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE 18: EUROPE MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 19: EUROPE MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 20: EUROPE MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 21: EUROPE MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: EUROPE MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 23: EUROPE MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 24: EUROPE MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 25: EUROPE MICROGRID MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: UNITED KINGDOM MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: GERMANY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: FRANCE MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: ITALY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: SPAIN MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: THE NETHERLANDS MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: REST OF EUROPE MICROGRID MARKET 2022-2028 (IN $ MILLION)

The post EUROPE MICROGRID MARKET 2022-2028 first appeared on CRI Report.

CRI’s report on the Asia-Pacific microgrid market insinuates that the market is assessed to advance with a compound annual growth rate of 11.04% during the forecast period 2022-2028. Australia, Japan, China, India, ASEAN countries, South Korea, and Rest of Asia-Pacific are countries studied in the APAC region.
India has installed solar microgrids that produce about 2MW of electricity. These grids have shown the potential to boost the operations of small and medium-sized businesses. For instance, the installation of solar grids in Ladakh has soared tourism earnings significantly over the past few years. Further, companies like Tata Power and Rockefeller Foundation plan to invest significantly to support the construction of microgrids. Therefore, the rising need for power distribution and investments are propelling the microgrid market on a growth path.
In South Korea, several R&D initiatives have been undertaken pertaining to microgrids. As Jeju Test Bed, numerous government-led smart grid experiments have been undertaken since 2009, with an aim to demonstrate the technology’s viability. Moreover, these experiments aim to test grid stabilization using microgrid technology, creating business models. The rising initiatives are expected to elevate the demand for microgrids, thereby opening new avenues for the microgrid market.

COMPETITIVE OUTLOOK

The leading companies in the microgrid market consist of Hitachi Ltd, Duke Energy Corporation, Fairbanks Morse, National Grid Plc, and NRG Energy Inc.

TABLE OF CONTENTS

1. ASIA-PACIFIC 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. ASIA-PACIFIC MICROGRID MARKET OUTLOOK – BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. ASIA-PACIFIC 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. ASIA-PACIFIC MICROGRID MARKET OUTLOOK – BY CONNECTIVITY
5.1. GRID CONNECTED
5.2. ISLAND GRID
6. ASIA-PACIFIC 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. ASIA-PACIFIC MICROGRID MARKET – COUNTRY OUTLOOK
7.1. CHINA
7.2. JAPAN
7.3. INDIA
7.4. SOUTH KOREA
7.5. ASEAN COUNTRIES
7.6. AUSTRALIA & NEW ZEALAND
7.7. REST OF ASIA-PACIFIC
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: ASIA-PACIFIC 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: ASIA-PACIFIC MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC 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: ASIA-PACIFIC MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE 4: ASIA-PACIFIC MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: ASIA-PACIFIC MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE 16: ASIA-PACIFIC MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 19: ASIA-PACIFIC MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC MICROGRID MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: CHINA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: JAPAN MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: INDIA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: SOUTH KOREA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: ASEAN COUNTRIES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: AUSTRALIA & NEW ZEALAND MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: REST OF ASIA-PACIFIC MICROGRID MARKET 2022-2028 (IN $ MILLION)

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