Microgrid Technology Market Scope And Analysis

  • Report Code : TIPTE100000927
  • Category : Energy and Power
  • No. of Pages : 150
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Microgrid Market Report Scope 2021 to 2031

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Microgrid Market Report Microgrid Market Size and Share Microgrid Market Scope and Analysis

Microgrid Market Report Scope

Report Attribute Details
Market size in 2024 US$ 39.99 Billion
Market Size by 2031 US$ 89.20 Billion
Global CAGR (2025 - 2031) 12.1%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Grid Connected
  • Off-Grid
By Components
  • Hardware
  • Software
  • Services
By End Use Industry
  • Healthcare
  • Government and Utility
  • Commercial and Indutrial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ABB Group
  • Eaton Corporation
  • General Electric Company
  • HOMER Energy LLC
  • Honeywell International
  • PECO Exelon Corporation
  • S C Electric Company
  • Schneider Electric
  • Siemens AG
  • Hitachi Energy Ltd

    • Microgrid Market News and Recent Developments

    The Microgrid Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Microgrid Market and strategies:

    • On April 2024, Enel North America and Eaton completed the installation of Puerto Rico’s largest clean energy microgrid. (Source: Eaton Corporation, Press Release/Company Website/Newsletter)
    • On May 2023, Schneider Electric introduced EcoStruxure Microgrid Flex, which is a standardized microgrid solution developed to substantially lower project timelines. (Source: Schneider Electric, Press Release/Company Website/Newsletter)

    Microgrid Market Report Coverage and Deliverables

    The “Microgrid Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles with SWOT analysis