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

Publish Date: Jan 2022

Report Code: TMR1053B

Publisher: Transparency

Single User License: $5795

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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?

Research Methodology – Microgrid Market

The research methodology adopted by analysts for compiling the global microgrid market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecast for the global microgrid market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global microgrid market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global microgrid market.

  • Table 1 : Global Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031
  • Table 2 : Global Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031
  • Table 3 : Global Microgrid Market Volume (MW) Forecast, by Application, 2020-2031
  • Table 4 : Global Microgrid Market Value (US$ Bn) Forecast, by Application, 2020-2031
  • Table 5 : Global Microgrid Market Volume (MW) Forecast, by Region, 2020-2031
  • Table 6 : Global Microgrid Market Value (US$ Bn) Forecast, by Region, 2020-2031
  • Table 7 : North America Microgrid Market Volume (MW) Forecast, by Connectivity, 2020-2031
  • Table 8 : North America Microgrid Market Value (US$ Bn) Forecast, by Connectivity, 2020-2031
  • Table 9 : 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
  • Figure 1 : Global Microgrid Market Value Share Analysis, by Connectivity, 2020-2031
  • Figure 2 : Global Microgrid Market Attractiveness Analysis, by Connectivity, 2020
  • Figure 3 : Global Microgrid Market Value Share Analysis, by Application, 2020-2031
  • Figure 4 : Global Microgrid Market Attractiveness Analysis, by Application, 2020
  • Figure 5 : Global Microgrid Market Value Share Analysis, by Region, 2020-2031
  • Figure 6 : Global Microgrid Market Attractiveness Analysis, by Region, 2020
  • Figure 7 : North America Microgrid Market Value Share Analysis, by Connectivity, 2020-2031
  • Figure 8 : North America Microgrid Market Value Share Analysis, by Application, 2020-2031
  • Figure 9 : 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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Microgrid Market - Overview

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 offering better reliability and grid resilience. Microgrids provide several benefits such as integration of smart ...

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