Global Market for Microgrids
Dublin, June 09, 2023 (GLOBE NEWSWIRE) -- The "Microgrids - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Microgrids Market to Reach $82.3 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Microgrids estimated at US$23.2 Billion in the year 2022, is projected to reach a revised size of US$82.3 Billion by 2030, growing at a CAGR of 17.1% over the analysis period 2022-2030. Grid Connected, one of the segments analyzed in the report, is projected to record 18.6% CAGR and reach US$61.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Off-Grid Connected segment is readjusted to a revised 13.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 19.6% CAGR
The Microgrids market in the U.S. is estimated at US$3.5 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.2 Billion by the year 2030 trailing a CAGR of 19.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.5% and 15.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.
What`s New for 2023?
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Special coverage on Russia-Ukraine war; global inflation; easing of 'zero-Covid' policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
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Global competitiveness and key competitor percentage market shares
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Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Online interactive peer-to-peer collaborative bespoke updates
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Access to our digital archives and MarketGlass Research Platform
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Complimentary updates for one year
Select Competitors (Total 127 Featured)-
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ABB Ltd
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Caterpillar
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Eaton Corporation Inc.
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GE's Grid Solutions
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General Microgrids
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Heila Technologies
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Hitachi Energy Ltd.
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HOMER Energy LLC
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Honeywell International Inc.
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KEPCO
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Lockheed Martin Corporation
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Power Analytics Corporation
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S&C Electric Company
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Schneider Electric SE
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Siemens AG
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Spirae, LLC
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Tesla, Inc.
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Toshiba Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 436 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $23.2 Billion |
| Forecasted Market Value (USD) by 2030 | $82.3 Billion |
| Compound Annual Growth Rate | 17.1% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Modernization of Aging Energy Infrastructure Skewed Towards a Low Carbon Future Provides the Cornerstone for Growth in the Market
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With Governments Forced to Address Power-Quality, Reliability & Sustainability Issues, Rising Investments in Energy Infrastructure to Benefit Demand for Microgrids: Global Energy Investments (In US$ Billion) for the Years 2022, 2025, 2027 and 2029
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Global Economic Update
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Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
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War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
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War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
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Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
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Competition
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Microgrids - Global Key Competitors Percentage Market Share in 2024 (E)
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Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
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Microgrid: Definition, Scope, Importance and Benefits
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World Brands
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Recent Market Activity
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Innovations