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Microgrid Market

Microgrid Market (Connectivity: Grid-tied [Grid-connected] and Off-grid; and Application: Campus & Institution, Community & Utility, Commercial & Industrial, Defense & Military, and Remote Island) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Microgrid Market Outlook 2031

  • The global microgrid market was valued at US$ 63.5 Bn in 2020
  • It is estimated to expand at a CAGR of 11.3% from 2021 to 2031
  • The global microgrid market is expected to reach the value of US$ 206.1 Bn by the end of 2031

Analysts’ Viewpoint on Microgrid Market Scenario

Since microgrids fall under some of the essential services in the global society, companies in the microgrid market are capitalizing on this opportunity to boost power generation capabilities amid the ongoing COVID-19 outbreak. However, in some cases, microgrids are associated with issues of oversupply and undersupply in residential, commercial, and industrial settings. Hence, service providers should make use of system engineers, monitoring systems, and relays to overcome issues in power generation. Moreover, the burgeoning growth of the Industry 4.0 is translating into revenue opportunities for companies in the microgrid market. Growing investments in equipment and machinery of the AEC (Architecture, Engineering, and Construction) industry is supporting the trend of Industry 4.0.

Growing Electricity Demands in Industries and Cities Create Revenue Opportunities

Burgeoning growth in population and rising electricity demand have increased dependence of end users on utility grids to meet their power needs. According to the U.S. Energy Information Administration (EIA), the global energy consumption is expected to increase by around 56% by 2040. Moreover, the demand for energy is rising at a rapid pace, due to increasing industrialization and urbanization, which is not being fully met from main grids. Such gaps are translating into revenue opportunities for companies in the microgrid market to boost their power supply services.

As per the EIA, India and China are witnessing rapid industrial development and they are likely to account for 50% of the world’s total increase in energy usage by 2040. Industrial development in these countries as well as that in the U.S. is driving the global energy sector and contributing toward the expansion of the microgrid market.

microgrid market infographic

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Microgrid Service Providers Support Mission-critical Projects amid COVID-19 Outbreak

The COVID-19 outbreak has altered the way the global society functions. Nevertheless, service providers in the microgrid market are increasing efforts to tap into revenue opportunities, since electricity is one of the essential needs of people. Companies in the microgrid market are adopting contingency planning to gauge trends of volatile power demands in residential, commercial, and industrial settings. They are boosting local power generation capabilities to support communities, educational campuses, and defense organizations, among others. Service providers in the microgrid market are establishing a balanced relationship with suppliers and ecosystem partners to support mission-critical projects.

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Oversupply and Undersupply of Power Affects Operations in Microgrid Market

One of the major operational challenges faced by microgrids relates to their functioning in an isolated mode. During this functioning, microgrids need to maintain stability with the help of distributed energy resources. Microgrids generally face instability during oversupply as well as undersupply of electricity. The Oversupply of electricity may cause a generator to trip off, resulting in loss of power supply to a microgrid. On the other hand, undersupply of electricity can result in equipment malfunction. Another challenge relates to installation costs incurred when a microgrid is employed to replace a conventional grid. For efficient functioning of microgrids, system engineers, monitoring systems, and relays need to be incorporated by service providers in the microgrid market.

microgrid market segmentation

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Microgrids Hold Promising Potentials During Emergency

One of the major challenges faced by macrogrids is the instability of the grid in the event of severe weather or a natural disaster. This can be easily encountered by using a microgrid. Nevertheless, on-site microgrid systems hold promising potentials to operate during tornadoes, floods, and earthquakes. Moreover, these systems act as substitutes for conventional grids at the time of power outage. Governments are specially developing plans to strategically place microgrids near pharmacies, hospitals, police stations, gas stations, and grocery stores in order to cope with such an emergency situation.

Renewable and Ecological Properties of Microgrids to Promote Growth in Worldwide Market

A microgrid can be characterized as a limited matrix that can interface with and disengage from customary utility networks to give better unwavering quality & lattice versatility. A microgrid is an interconnection between conveyed fuel sources and loads inside clear-cut electric limits. It acts a solitary controllable substance. Microgrids can work self-rulingly, due to which, they are profoundly valuable during fundamental framework disappointments and they can help in alleviating chances emerging out of lattice aggravations & disappointments. Since a microgrid can function without much of a stretch associated with and disengage from the fundamental framework, it can work in both network tied and island modes.

Microgrids offer advantages such as matrix modernization and mix of appropriated fuel age sources, including renewables, and reconciliation of a few keen network advances. It additionally helps in serving neighborhood loads from nearby force sources, bringing about a decrease in transmission and appropriation misfortunes & ascend in generally proficiency of the framework.

Microgrid Market: Overview

  • A microgrid can be defined as a localized grid that can connect to and disconnect from traditional utility grids to provide better reliability and grid resilience. A microgrid is an interconnection between distributed energy sources and loads within well-defined electric boundaries. It acts a single controllable entity. Microgrids can operate autonomously, due to which they are highly useful during main grid failures and they can help in mitigating risks arising out of grid disturbances and failures. Since a microgrid can easily connect to and disconnect from the main grid, it can operate in both grid-tied and island modes.
  • Usage of microgrids offers several benefits such as grid modernization, integration of distributed energy generation sources including renewables, and integration of several smart grid technologies. It also helps in serving local loads from local power sources, resulting in the reduction of transmission and distribution losses and rise in overall efficiency of the system.
  • Microgrids act as a support to macrogrids by handling the variability of power from local renewable sources and supplying ancillary services to sensitive loads and bulk power systems

Rapid industrialization and Increasing Demand for Power to Drive Market

  • Rise in global population and growth in power demand have increased the dependence of end users on utility grids to meet their power needs. According to the U.S. Energy Information Administration (EIA), the global energy consumption is expected to increase by around 56% by 2040. Moreover, demand for energy is rising at a rapid pace, due to increasing industrialization and urbanization, which is not being fully met from main grids.
  • As per the EIA, India and China have witnessed rapid industrial development and are likely to account for 50% of the world’s total increase in energy usage by 2040. Industrial development in these countries as well as that in the U.S. is driving the global energy sector.
  • One of the major drivers of the global microgrid market is direct and indirect economic, technical, environmental, and social benefits from use of microgrids. Moreover, microgrids facilitate making real-time power dispatch decisions, which help in minimizing losses and maximizing profits.
  • Advancements in renewable energy technologies are also anticipated to drive the market during the forecast period. Microgrids can easily utilize renewable energy systems to generate electricity. Moreover, usage of renewable energy sources in microgrids has been increasing owing to almost zero-carbon emissions and benefits in terms of efficiency and costs.

Operational Challenges and High Development Cost to Restrain Market

  • One of the major operational challenges faced by microgrids relates to their functioning in an isolated mode. During this functioning, microgrids need to maintain stability with the help of distributed energy resources.
  • Microgrids generally face instability during oversupply as well as undersupply of electricity. Oversupply of electricity may cause a generator to trip off, resulting in loss of power supply to a microgrid. On the other hand, undersupply of electricity can result in equipment malfunction.
  • Another challenge relates to installation costs incurred when a microgrid is employed to replace a conventional grid. For efficient functioning of microgrids; system engineers, monitoring systems, and relays need to be incorporated. This can significantly increase installation costs of a microgrid compared to a macrogrid.
  • Lack of a well-defined regulatory policy framework is another restraint of the microgrid market. Ambiguous state laws pose a major obstacle in the path of microgrid deployment.

Microgrids Provide Insulation against Impact of Severe Weather Conditions

  • One of the major challenges faced by macrogrids is instability of the grid in the event of severe weather or a natural disaster. This can be easily encountered by using a microgrid.
  • On-site microgrid systems can be designed to operate during tornadoes, floods, and earthquakes. Moreover, these systems act as substitutes for conventional grids at the time of power outage.
  • Governments are especially developing plans to strategically place microgrids near pharmacies, hospitals, police stations, gas stations, and grocery stores in order to cope with such an emergency situation

Renewable and Ecological Properties of Microgrids to Promote Growth in Worldwide Market

  • One of the significant drivers of the global microgrid market is immediate financial, specialized, ecological, and social advantages from utilization of microgrids. Besides, microgrids work with settling on ongoing force dispatch choices, which helps in limiting misfortunes and expanding benefits.
  • Headways in environment-friendly power advancements are additionally expected to drive the market during the estimate period. Microgrids can use environment-friendly power frameworks to produce power.
  • Use of eco-friendly power sources in microgrids has been expanding inferable from very nearly zero-fossil fuel by-products and advantages regarding effectiveness and expenses

Asia Pacific Held Major Share of Global Microgrid Market in 2020

  • The global microgrid market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the global microgrid market in 2020. This can be primarily ascribed to low electrification rate and grid connectivity, along with high demand for power in the region.
  • The market in Asia Pacific is anticipated to expand at a significant pace during the forecast period, primarily due to rapid industrialization and urbanization in the region, especially in China and India. Moreover, governments of countries in Asia Pacific are planning to promote distributed energy generation and microgrids in order to supply electricity to people in these countries.

Major Players in Microgrid Market

  • Key players operating in the global microgrid market are
    • Siemens AG
    • General Electric
    • S&C Electric Company
    • ABB Group
    • Schneider Electric SE
    • Engie Group
    • Honeywell International Inc.
    • Echelon Corporation
    • Pareto Energy Limited
    • Toshiba Corporation
    • Duke Energy Corporation
    • Power Analytics Corporation

Microgrid Market Snapshot

Attribute Details
Market Size Value in 2020 (Base Year) US$ 63.5 Bn
Market Forecast Value in 2031 US$ 206.1 Bn
Growth Rate (CAGR) 11.3%
Forecast Period 2021-2031
Quantitative Units US$ Bn for Value & Megawatt (MW) for Volume
Competition Landscape Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials.
Format Electronic (PDF) + Excel
Market Segmentation
  • Connectivity
    • Grid-tied (Grid-connected)
    • Off-grid
  • Application
    • Campus & Institution
    • Community & Utility
    • Commercial & Industrial
    • Defense & Military
    • Remote Island
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
Countries Covered
  • U.S.
  • Canada
  • Germany
  • France
  • U.K.
  • Denmark
  • Russia & CIS
  • Norway
  • Rest of Europe
  • China
  • Australia
  • India
  • ASEAN
  • Rest of Asia Pacific
  • South Africa
  • Brazil
Companies Profiled
  • Siemens AG
  • General Electric
  • S&C Electric Company
  • ABB Group
  • Schneider Electric SE
  • Engie Group
  • Honeywell International Inc.
  • Echelon Corporation
  • Pareto Energy Limited
  • Toshiba Corporation
  • Duke Energy Corporation
  • Power Analytics Corporation
Customization Scope Available upon Request
Pricing Available upon Request

Microgrid Market - Segmentation

TMR’s research study assesses the global microgrid market in terms of connectivity, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global microgrid market.

Attribute Details
Connectivity
  • Grid-tied (Grid-connected)
  • Off-grid
Application
  • Campus & Institution
  • Community & Utility
  • Commercial & Industrial
  • Defense & Military
  • Remote Island
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Frequently Asked Questions

What is the Microgrid Market Size?

Microgrid Market is expected to Reach US$ 206.1 Bn By 2031

What is the CAGR for Microgrid Market?

Microgrid Market is estimated to rise at a CAGR of 11.3% during forecast period

What are the key factors driving the growth of Microgrid Market?

Advancements in renewable energy technologies is expected to drive the Microgrid Market

Which region is more attractive for vendors in the Microgrid Market?

Asia Pacific is more attractive for vendors in the Microgrid Market

Who are the key players in the Microgrid Market?

Key players of Microgrid Market are General Electric, Siemens AG, ABB Group, S&C Electric Company, Engie Group, Schneider Electric SE, Echelon Corporation, Honeywell International Inc and others

    1. Preface

        1.1. Report Scope and Market Segmentation

        1.2. Research Highlights

    2. Assumptions and Research Methodology

        2.1. Report Assumptions

        2.2. Secondary Sources and Acronyms Used

        2.3. Research Methodology

    3. Executive Summary

        3.1. Market Snapshot

        3.2. Top Trends

    4. Market Overview

    5. Market Dynamics

        5.1. Drivers and Restraints Snapshot Analysis

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunity

        5.2. Porter’s Five Forces Analysis

            5.2.1. Threat of Substitutes

            5.2.2. Bargaining Power of Buyers

            5.2.3. Bargaining Power of Suppliers

            5.2.4. Threat of New Entrants

            5.2.5. Degree of Competition

        5.3. Value Chain Analysis

        5.4. Regulatory Scenario

    6. Global Microgrid Market Analysis and Forecast, by Connectivity, 2020-2031

        6.1. Introduction

        6.2. Key Findings

        6.3. Global Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Connectivity, 2020-2031

            6.3.1. Grid-tied (Grid-connected)

            6.3.2. Off-grid

        6.4. Global Microgrid Market Attractiveness Analysis, by Connectivity

    7. Global Microgrid Market Analysis and Forecast, by Application, 2020-2031

        7.1. Introduction

        7.2. Key Findings

        7.3. Global Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Application, 2020-2031

            7.3.1. Campus & Institution

            7.3.2. Community & Utility

            7.3.3. Commercial & Industrial

            7.3.4. Defense & Military

            7.3.5. Remote Island

        7.4. Global Microgrid Market Attractiveness Analysis, by Application

    8. Global Microgrid Market Analysis, by Region, 2020-2031

        8.1. Global Microgrid Market Value and Growth Scenario, by Region, 2020

        8.2. Key Findings

        8.3. Global Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Region, 2020-2031

            8.3.1. North America

            8.3.2. Europe

            8.3.3. Asia Pacific

            8.3.4. Middle East & Africa

            8.3.5. Latin America

        8.4. Global Microgrid Market Attractiveness Analysis, by Region

    9. North America Microgrid Market Analysis, 2020-2031

        9.1. Key Findings

        9.2. North America Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Connectivity

            9.2.1. Grid-tied (Grid-connected)

            9.2.2. Off-grid

        9.3. North America Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Application

            9.3.1. Campus & Institution

            9.3.2. Community & Utility

            9.3.3. Commercial & Industrial

            9.3.4. Defense & Military

            9.3.5. Remote Island

        9.4. U.S. Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            9.4.1. Grid-tied (Grid-connected)

            9.4.2. Off-grid

        9.5. U.S. Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            9.5.1. Campus & Institution

            9.5.2. Community & Utility

            9.5.3. Commercial & Industrial

            9.5.4. Defense & Military

            9.5.5. Remote Island

        9.6. Canada Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            9.6.1. Grid-tied (Grid-connected)

            9.6.2. Off-grid

        9.7. Canada Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            9.7.1. Campus & Institution

            9.7.2. Community & Utility

            9.7.3. Commercial & Industrial

            9.7.4. Defense & Military

            9.7.5. Remote Island

        9.8. North America Microgrid Market Attractiveness Analysis

            9.8.1. By Connectivity

            9.8.2. By Application

            9.8.3. By Country

    10. Europe Microgrid Market Analysis, 2020-2031

        10.1. Key Findings

        10.2. Europe Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Connectivity

            10.2.1. Grid-tied (Grid-connected)

            10.2.2. Off-grid

        10.3. Europe Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Application

            10.3.1. Campus & Institution

            10.3.2. Community & Utility

            10.3.3. Commercial & Industrial

            10.3.4. Defense & Military

            10.3.5. Remote Island

        10.4. Germany Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            10.4.1. Grid-tied (Grid-connected)

            10.4.2. Off-grid

        10.5. Germany Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            10.5.1. Campus & Institution

            10.5.2. Community & Utility

            10.5.3. Commercial & Industrial

            10.5.4. Defense & Military

            10.5.5. Remote Island

        10.6. France Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            10.6.1. Grid-tied (Grid-connected)

            10.6.2. Off-grid

        10.7. France Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            10.7.1. Campus & Institution

            10.7.2. Community & Utility

            10.7.3. Commercial & Industrial

            10.7.4. Defense & Military

            10.7.5. Remote Island

        10.8. U.K. Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            10.8.1. Grid-tied (Grid-connected)

            10.8.2. Off-grid

        10.9. U.K. Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            10.9.1. Campus & Institution

            10.9.2. Community & Utility

            10.9.3. Commercial & Industrial

            10.9.4. Defense & Military

            10.9.5. Remote Island

        10.10. Denmark Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            10.10.1. Grid-tied (Grid-connected)

            10.10.2. Off-grid

        10.11. Denmark Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            10.11.1. Campus & Institution

            10.11.2. Community & Utility

            10.11.3. Commercial & Industrial

            10.11.4. Defense & Military

            10.11.5. Remote Island

        10.12. Russia & CIS Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            10.12.1. Grid-tied (Grid-connected)

            10.12.2. Off-grid

        10.13. Russia & CIS Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            10.13.1. Campus & Institution

            10.13.2. Community & Utility

            10.13.3. Commercial & Industrial

            10.13.4. Defense & Military

            10.13.5. Remote Island

        10.14. Rest of Europe Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            10.14.1. Grid-tied (Grid-connected)

            10.14.2. Off-grid

        10.15. Rest of Europe Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            10.15.1. Campus & Institution

            10.15.2. Community & Utility

            10.15.3. Commercial & Industrial

            10.15.4. Defense & Military

            10.15.5. Remote Island

        10.16. Europe Microgrid Market Attractiveness Analysis

            10.16.1. By Connectivity

            10.16.2. By Application

            10.16.3. By Country and Sub-region

    11. Asia Pacific Microgrid Market Analysis, 2020-2031

        11.1. Key Findings

        11.2. Asia Pacific Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Connectivity

            11.2.1. Grid-tied (Grid-connected)

            11.2.2. Off-grid

        11.3. Asia Pacific Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Application

            11.3.1. Campus & Institution

            11.3.2. Community & Utility

            11.3.3. Commercial & Industrial

            11.3.4. Defense & Military

            11.3.5. Remote Island

        11.4. China Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            11.4.1. Grid-tied (Grid-connected)

            11.4.2. Off-grid

        11.5. China Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            11.5.1. Campus & Institution

            11.5.2. Community & Utility

            11.5.3. Commercial & Industrial

            11.5.4. Defense & Military

            11.5.5. Remote Island

        11.6. India Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            11.6.1. Grid-tied (Grid-connected)

            11.6.2. Off-grid

        11.7. India Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            11.7.1. Campus & Institution

            11.7.2. Community & Utility

            11.7.3. Commercial & Industrial

            11.7.4. Defense & Military

            11.7.5. Remote Island

        11.8. Australia Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            11.8.1. Grid-tied (Grid-connected)

            11.8.2. Off-grid

        11.9. Australia Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            11.9.1. Campus & Institution

            11.9.2. Community & Utility

            11.9.3. Commercial & Industrial

            11.9.4. Defense & Military

            11.9.5. Remote Island

        11.10. ASEAN Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            11.10.1. Grid-tied (Grid-connected)

            11.10.2. Off-grid

        11.11. ASEAN Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            11.11.1. Campus & Institution

            11.11.2. Community & Utility

            11.11.3. Commercial & Industrial

            11.11.4. Defense & Military

            11.11.5. Remote Island

        11.12. Rest of Asia Pacific Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            11.12.1. Grid-tied (Grid-connected)

            11.12.2. Off-grid

        11.13. Rest of Asia Pacific Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            11.13.1. Campus & Institution

            11.13.2. Community & Utility

            11.13.3. Commercial & Industrial

            11.13.4. Defense & Military

            11.13.5. Remote Island

        11.14. Asia Pacific Microgrid Market Attractiveness Analysis

            11.14.1. By Connectivity

            11.14.2. By Application

            11.14.3. By Country and Sub-region

    12. Middle East & Africa Microgrid Market Analysis, 2020-2031

        12.1. Key Findings

        12.2. Middle East & Africa Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Connectivity

            12.2.1. Grid-tied (Grid-connected)

            12.2.2. Off-grid

        12.3. Middle East & Africa Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Application

            12.3.1. Campus & Institution

            12.3.2. Community & Utility

            12.3.3. Commercial & Industrial

            12.3.4. Defense & Military

            12.3.5. Remote Island

        12.4. South Africa Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            12.4.1. Grid-tied (Grid-connected)

            12.4.2. Off-grid

        12.5. South Africa Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            12.5.1. Campus & Institution

            12.5.2. Community & Utility

            12.5.3. Commercial & Industrial

            12.5.4. Defense & Military

            12.5.5. Remote Island

        12.6. Middle East & Africa Microgrid Market Attractiveness Analysis

            12.6.1. By Connectivity

            12.6.2. By Application

    13. Latin America Microgrid Market Analysis, 2020-2031

        13.1. Key Findings

        13.2. Latin America Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Connectivity

            13.2.1. Grid-tied (Grid-connected)

            13.2.2. Off-grid

        13.3. Latin America Microgrid Market Volume (MW) & Value (US$ Bn) Share Analysis & Forecast, by Application

            13.3.1. Campus & Institution

            13.3.2. Community & Utility

            13.3.3. Commercial & Industrial

            13.3.4. Defense & Military

            13.3.5. Remote Island

        13.4. Brazil Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Connectivity

            13.4.1. Grid-tied (Grid-connected)

            13.4.2. Off-grid

        13.5. Brazil Microgrid Market Volume (MW) & Value (US$ Bn) Forecast, by Application

            13.5.1. Campus & Institution

            13.5.2. Community & Utility

            13.5.3. Commercial & Industrial

            13.5.4. Defense & Military

            13.5.5. Remote Island

        13.6. Latin America Microgrid Market Attractiveness Analysis

            13.6.1. By Connectivity

            13.6.2. By Application

    14. Competition Landscape

        14.1. Global Microgrid Market Share Analysis, by Company (2020)

        14.2. Competition Matrix

        14.3. Market Footprint Analysis, 2020

        14.4. Company Profiles

            14.4.1. Siemens AG

                14.4.1.1. Company Description

                14.4.1.2. Business Overview

                14.4.1.3. Financial Overview

                14.4.1.4. Strategic Overview

            14.4.2. General Electric

                14.4.2.1. Company Description

                14.4.2.2. Business Overview

                14.4.2.3. Financial Overview

                14.4.2.4. Strategic Overview

            14.4.3. S&C Electric Company

                14.4.3.1. Company Description

                14.4.3.2. Business Overview

            14.4.4. ABB Group

                14.4.4.1. Company Description

                14.4.4.2. Business Overview

                14.4.4.3. Financial Overview

                14.4.4.4. Strategic Overview

            14.4.5. Schneider Electric SE

                14.4.5.1. Company Description

                14.4.5.2. Business Overview

                14.4.5.3. Financial Overview

                14.4.5.4. Strategic Overview

            14.4.6. Engie Group

                14.4.6.1. Company Description

                14.4.6.2. Business Overview

                14.4.6.3. Financial Overview

                14.4.6.4. Strategic Overview

            14.4.7. Honeywell International Inc.

                14.4.7.1. Company Description

                14.4.7.2. Business Overview

                14.4.7.3. Financial Overview

                14.4.7.4. Strategic Overview

            14.4.8. Echelon Corporation

                14.4.8.1. Company Description

                14.4.8.2. Business Overview

                14.4.8.3. Financial Overview

                14.4.8.4. Strategic Overview

            14.4.9. Pareto Energy Limited

                14.4.9.1. Company Description

                14.4.9.2. Business Overview

            14.4.10. Toshiba Corporation

                14.4.10.1. Company Description

                14.4.10.2. Business Overview

                14.4.10.3. Financial Overview

                14.4.10.4. Strategic Overview

            14.4.11. Duke Energy Corporation

                14.4.11.1. Company Description

                14.4.11.2. Business Overview

                14.4.11.3. Financial Overview

                14.4.11.4. Strategic Overview

            14.4.12. Power Analytics Corporation

                14.4.12.1. Company Description

                14.4.12.2. Business Overview

    15. Primary Research - Key Insights

    List of Tables

    Table 01: Global Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 02: Global Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 03: Global Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 04: Global Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 05: Global Microgrid Market Volume (MW) Forecast, by Region, 2020-2031

    Table 06: Global Microgrid Market Value (US$ Bn) Forecast, by Region, 2020-2031

    Table 07: North America Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 08: North America Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 09: North America Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 10: North America Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 11: North America Microgrid Market Volume (MW) Forecast, by Country, 2020-2031

    Table 12: North America Microgrid Market Value (US$ Bn) Forecast, by Country, 2020-2031

    Table 13: U.S. Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 14: U.S. Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 15: U.S. Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 16: U.S. Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 17: Canada Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 18: Canada Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 19: Canada Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 20: Canada Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 21: Europe Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 22: Europe Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 23: Europe Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 24: Europe Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 25: Europe Microgrid Market Volume (MW) Forecast, by Country and Sub-region, 2020-2031

    Table 26: Europe Microgrid Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 27: Germany Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 28: Germany Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 29: Germany Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 30: Germany Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 31: France Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 32: France Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 33: France Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 34: France Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 35: U.K. Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 36: U.K. Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 37: U.K. Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 38: U.K. Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 39: Denmark Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 40: Denmark Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 41: Denmark Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 42: Denmark Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 43: Russia & CIS Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 44: Russia & CIS Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 45: Russia & CIS Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 46: Russia & CIS Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 47: Rest of Europe Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 48: Rest of Europe Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 49: Rest of Europe Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 50: Rest of Europe Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 51: Asia Pacific Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 52: Asia Pacific Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 53: Asia Pacific Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 54: Asia Pacific Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 55: Asia Pacific Microgrid Market Volume (MW) Forecast, by Country and Sub-region, 2020-2031

    Table 56: Asia Pacific Microgrid Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 57: China Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 58: China Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 59: China Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 60: China Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 61: India Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 62: India Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 63: India Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 64: India Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 65: Australia Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 66: Australia Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 67: Australia Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 68: Australia Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 69: ASEAN Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 70: ASEAN Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 71: ASEAN Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 72: ASEAN Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 73: Rest of Asia Pacific Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 74: Rest of Asia Pacific Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 75: Rest of Asia Pacific Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 76: Rest of Asia Pacific Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 77: Middle East & Africa Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 78: Middle East & Africa Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 79: Middle East & Africa Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 80: Middle East & Africa Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 81: Middle East & Africa Market Volume (MW) Forecast, by Country and Sub-region, 2020-2031

    Table 82: Middle East & Africa Microgrid Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 83: South Africa Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 84: South Africa Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 85: Latin America Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 86: Latin America Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    Table 87: Latin America Microgrid Market Volume (MW) Forecast, by Application, 2020-2031

    Table 88: Latin America Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031

    Table 89: Latin America Market Volume (MW) Forecast, by Country and Sub-region, 2020-2031

    Table 90: Latin America Microgrid Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031

    Table 91: Brazil Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031

    Table 92: Brazil Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031

    List of Figures

    Figure 01: Global Microgrid Market Value Share Analysis, by Connectivity, 2020-2031

    Figure 02: Global Microgrid Market Attractiveness Analysis, by Connectivity, 2020

    Figure 03: Global Microgrid Market Value Share Analysis, by Application, 2020-2031

    Figure 04: Global Microgrid Market Attractiveness Analysis, by Application, 2020

    Figure 05: Global Microgrid Market Value Share Analysis, by Region, 2020-2031

    Figure 06: Global Microgrid Market Attractiveness Analysis, by Region, 2020

    Figure 07: North America Microgrid Market Value Share Analysis, by Connectivity, 2020-2031

    Figure 08: North America Microgrid Market Value Share Analysis, by Application, 2020-2031

    Figure 09: North America Microgrid Market Value Share Analysis, by Country, 2020-2031

    Figure 10: North America Microgrid Market Attractiveness Analysis, by Country, 2020

    Figure 11: North America Microgrid Market Value Share Analysis, by Connectivity, 2020

    Figure 12: North America Microgrid Market Attractiveness Analysis, by Application, 2020

    Figure 13: Europe Microgrid Market Value Share Analysis, by Connectivity, 2020-2031

    Figure 14: Europe Microgrid Market Value Share Analysis, by Application, 2020-2031

    Figure 15: Europe Microgrid Market Value Share Analysis, by Country and Sub-region, 2020-2031

    Figure 16: Europe Microgrid Market Attractiveness Analysis, by Country and Sub-region, 2020

    Figure 17: Europe Microgrid Market Value Share Analysis, by Connectivity, 2020

    Figure 18: Europe Microgrid Market Attractiveness Analysis, by Application, 2020

    Figure 19: Asia Pacific Microgrid Market Value Share Analysis, by Connectivity, 2020-2031

    Figure 20: Asia Pacific Microgrid Market Value Share Analysis, by Application, 2020-2031

    Figure 21: Asia Pacific Microgrid Market Value Share Analysis, by Country and Sub-region, 2020-2031

    Figure 22: Asia Pacific Microgrid Market Attractiveness Analysis, by Country and Sub-region, 2020

    Figure 23: Asia Pacific Microgrid Market Attractiveness Analysis, by Connectivity, 2020

    Figure 24: Asia Pacific Microgrid Market Attractiveness Analysis, by Application, 2020

    Figure 25: Middle East & Africa Microgrid Market Value Share Analysis, by Connectivity, 2020-2031

    Figure 26: Middle East & Africa Microgrid Market Value Share Analysis, by Application, 2020-2031

    Figure 27: Middle East & Africa Microgrid Market Value Share Analysis, by Country and Sub-region, 2020-2031

    Figure 28: Middle East & Africa Microgrid Market Attractiveness Analysis, by Country and Sub-region, 2020

    Figure 29: Middle East & Africa Microgrid Market Attractiveness Analysis, by Connectivity, 2020

    Figure 30: Middle East & Africa Microgrid Market Attractiveness Analysis, by Application, 2020

    Figure 31: Latin America Microgrid Market Value Share Analysis, by Connectivity, 2020-2031

    Figure 32: Latin America Microgrid Market Value Share Analysis, by Application, 2020-2031

    Figure 33: Latin America Microgrid Market Value Share Analysis, by Country and Sub-region, 2020-2031

    Figure 34: Latin America Microgrid Market Attractiveness Analysis, by Country and Sub-region, 2020

    Figure 35: Latin America Microgrid Market Attractiveness Analysis, by Connectivity, 2020

    Figure 36: Latin America Microgrid Market Attractiveness Analysis, by Application, 2020

    Figure 37: Global Microgrid Market Share Analysis, by Company (2020)

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