Press release
Microgrid Market Growth 2025 | Trends, Size, Share & Future Opportunities | Top key players - ABB Ltd, Eaton, General Electric.
The Microgrid Market size was worth USD million in 2022 and is estimated to show significant growth by reaching up to USD million by 2030, growing at a CAGR of 13.0% within the forecast period (2024-2031).The Microgrid Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.
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The Microgrid Market refers to the industry focused on small-scale, decentralized energy systems that can operate independently or in conjunction with the main power grid. These systems integrate renewable energy sources, storage, and smart controls to enhance energy reliability, resilience, and efficiency for communities, institutions, or businesses, especially in remote areas or during grid disruptions.
Major players in the Microgrid Market
The prominent players in Microgrid market research report are: ABB Ltd, Eaton, General Electric, Siemens AG, Exelon Corporation, Honeywell Interational Inc, Power Analytics, Homer Energy, S&C Electric and Schneider Electric others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
On October 6, 2021, Eaton and Enel X announced the expansion of clean energy infrastructure in Puerto Rico with the addition of a second microgrid, reinforcing the island's energy resilience and sustainability efforts.
On December 2, 2020, when the two companies revealed plans to develop a microgrid at Eaton's Arecibo manufacturing plant, which produces circuit breakers for residential, commercial, and industrial use. The project combines on-site solar power with battery storage, supporting both cleaner energy and more reliable power for the facility.
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Market Segments
By Type: Ground Mounted Solar Installations, Grid Connected, Remote / Island, Hybrid.
By Component: Generation, Switchgear, Controls, Cables, Software and services.
By End User: Government Institutions, Residential and Commercial Buildings, Industrial, Others.
The Microgrid industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Microgrid Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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