Global Microgrid Market: Emerging Trends, Major Key Players ABB (Switzerland) and General Electric (US)

According to the report, The global Microgrid market size is expected to reach $50.50 Billion by 2028 growing at the CAGR of 10.64% from 2021 to 2028. The major factors driving the growth of the Microgrid Market are its use in enhancing the reliability of the power supply and for increasing the flexibility of the power supply. The growing demand for uninterrupted power supply and support to the power grid by distributed power generation due to the threat of major power outages is fueling the growth of the microgrid market. Moreover, the growing adoption of microgrids in developed regions such as North America, Europe, and the Asia Pacific is anticipated to gain traction during the forecast period.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global MICROGRID MARKET industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Microgrid Market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Microgrid Market players holding highest market share include ABB (Switzerland), General Electric (US), Siemens (Germany) and Eaton Corporation (Ireland). These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● ABB (Switzerland)
● General Electric (US)
● Siemens (Germany)
● Eaton Corporation (Ireland)
● Schneider Electric (France)
● Honeywell (US)
● HOMER Energy (US)
● S&C Electric (US)
● Power Analytics (US)
● Exelon Corporation (US)

Segmental Analysis

Market Segment By Connectivity with focus on market share, consumption trend, and growth rate of MICROGRID MARKET:
o Grid Connected
o Off-grid Connected

Market Segment By Offering with focus on market share, consumption trend, and growth rate of MICROGRID MARKET:
o Hardware
o Software
o Services

Market Segment By End Use with a focus on market share, consumption trend, and growth rate of MICROGRID MARKET:
o Commercial & Industrial
o Remote
o Utilities

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Global Microgrid Market Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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