A microgrid, as defined by the U.S. Department of Energy Microgrid Exchange Group, is a group of interconnected loads and distributed energy resources within clearly defined electrical boundaries that acts as a single controllable entity with respect to the grid. A microgrid can connect and disconnect from the grid to enable it to operate in both grid-connected or island-mode.
According to our (Global Info Research) latest study, the global Modular Microgrids market size was valued at USD 1715.4 million in 2022 and is forecast to a readjusted size of USD 3096.7 million by 2029 with a CAGR of 8.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global modular microgrids key players include PowerSecure, Schweitzer Engineering Laboratories, Schneider Electric, Eaton, SMA Solar Technology, etc. Global top 5 manufacturers hold a share about 40%.
North America is the largest market, with a share over 40%, followed by Asia-Pacific and Europe, both have a share over 50 percent. In terms of product, hardware system is the largest segment, with a share over 85%. And in terms of application, the largest application is commercial and industrial, followed by remote.
This report is a detailed and comprehensive analysis for global Modular Microgrids market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Modular Microgrids market size and forecasts, in consumption value ($ Million), 2018-2029
Global Modular Microgrids market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Modular Microgrids market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Modular Microgrids market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Modular Microgrids
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Modular Microgrids market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB-Hitachi, Schneider Electric, PowerSecure, GE Grid Solutions and Siemens, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Modular Microgrids market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Hardware System
Software System
Market segment by Application
Remote
Commercial and Industrial
Utility Distribution
Institutional and Military
Community and Other
Market segment by players, this report covers
ABB-Hitachi
Schneider Electric
PowerSecure
GE Grid Solutions
Siemens
Eaton
Schweitzer Engineering Laboratories
Bloom Energy
SMA Solar Technology
Gridscape
SimpliPhi Power
Scale Microgrid Solutions
Gham Power
BoxPower
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Modular Microgrids product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Modular Microgrids, with revenue, gross margin and global market share of Modular Microgrids from 2018 to 2023.
Chapter 3, the Modular Microgrids competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Modular Microgrids market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Modular Microgrids.
Chapter 13, to describe Modular Microgrids research findings and conclusion.
Summary:
Get latest Market Research Reports on Modular Microgrids. Industry analysis & Market Report on Modular Microgrids is a syndicated market report, published as Global Modular Microgrids Market 2023 by Company, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Modular Microgrids market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.