Microgrid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Report Highlights

Microgrid Market – Scope of Report

Microgrid is an arrangement of distributed energy sources and loads as a single controllable entity within a well-defined electric boundaries. Microgrids can connect to and disconnect from utility grids, enabling them to operate in a grid-connected and island mode, and offer better reliability and grid resilience. Microgrids provide several benefits such as integration of smart grids and grid modernization. Moreover, they act as a power backup in case of main grid failure. Increasing demand for power and advancements in the distributed generation technology are anticipated to drive the microgrid market over the next few years.

This report analyses and forecasts the market for microgrid at the global and regional levels. The market has been forecast in terms of volume (megawatt [MW]) and value (US$ Bn) from 2020 to 2031, considering 2020 as the base year. The study includes drivers and restraints of the global microgrid market. It also covers the anticipated impact of these drivers and restraints on the demand for microgrids during the forecast period. The report highlights opportunities in the microgrid market at the global and regional levels.

The report provides the actual market size of the microgrid market for 2020 and the estimated market size for 2021 to 2031. The size of the global microgrid market has been provided in terms of volume and value. The market volume has been defined in MW, while the market value has been defined in US$ Bn. Market numbers have been estimated based on connectivity and application segments of the microgrid market. The market size have been provided for global, regional, and country-level markets.

The report includes detailed value chain analysis, which provides a comprehensive view of the global microgrid market. Porter’s Five Forces model for the microgrid market has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein connectivity and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.

Key Questions Answered in TMR’s Report on Microgrid Market

The report provides detailed information about the global microgrid market on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth potential of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global microgrid market, so as to help them design successful strategies and make target-driven decisions.

• Which application segment of the global microgrid market would emerge as major revenue generator during the forecast period?
• How are key market players successfully earning revenue out of advantages of microgrid?
• What would be the Y-o-Y growth trend of the global microgrid market between 2021 and 2031?
• What are the winning imperatives of leading players operating in the global microgrid market?
• Which are the leading companies operating in the global microgrid market?