Industrial and Commercial Scale Microgrid Market Size Growth - By Connectivity (Grid Connected, Off Grid), By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP), By Storage Device, By Grid Type and By Region: Statistics Reports, Supply & Demand Analysis, Global Opportunity 2024-2030

Report ID: GIH 1027  |  Aug 2024  |  Format:

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Global Market Synopsis, Forecast, Trend, and Growth Up To 2030

Industrial and Commercial Scale Microgrid Market size was valued at US$ 2.8 Bn in 2023, registering a CAGR of 22.8% during the forecast period (2024-2030), and the market is projected to be worth US$ 14.8 Bn by 2030.

The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Market Updates, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprint by Global Industry Hub.

Industrial and Commercial Scale Microgrid Market Scope:

  • A basic overview of the competitive landscape
  • A detailed breakdown of the regional market
  • A brief overview of market segmentation
Report CoverageDetails
Base Year2023
Base Year ValueUS$ 2.8 Bn
Forecast ValueUS$ 14.8 Bn
CAGRCAGR of 22.8%
Forecast Period2024-2030
Historical Data2019-2022
Largest MarketNorth America
Fastest Growing MarketEurope

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Key Players: 

  • ABB
  • Bloom Energy
  • Caterpillar Inc.
  • Clean Arcpower
  • ENGIE
  • General Electric
  • Honeywell
  • Hitachi Energy
  • Saft
  • Schneider Electric SE
  • Xcel Energy Inc
  • Yanmar Holdings Co., Ltd

Scope of the Report:

The Industrial and Commercial Scale Microgrid market is divided based on product, end user, application, and region. Each category has various sub-segments, and current trends in each segment help producers target specific customers effectively.

Important Features of the Report:

  • Detailed analysis of the Industrial and Commercial Scale Microgrid market
  • Fluctuating market dynamics
  • Historical, current, and projected market size
  • Recent industry trends
  • Competitive landscape
  • Strategies of key players
  • Potential growth segments/regions
  • A neutral perspective on market performance 

 Our Sample Report Includes:

  • Introduction, overview, and in-depth industry analysis updated for 2030.
  • A research report spanning over 150+ pages, including updated research.
  • Updated regional analysis for 2024 with the graphical representation of size, share, and trends.
  • An updated list of tables and figures.
  • Top market players with their business strategy, sales volume, and revenue analysis.

Reasons for buying this report:

  • Make informed decisions with analytical data
  • Understand key product segments
  • Identify market dynamics like drivers, restraints, trends, and opportunities
  • Analyze regional markets and stakeholder profiles
Global Industry Hub

Market segmentation -

Market, By Connectivity

  • Grid Connected
  • Off Grid

Market, By Power Source

  • Diesel Generators
  • Natural Gas
  • Solar PV
  • CHP
  • Others

Market, By Storage Device

  • Lithium-ion
  • Lead Acid
  • Flow Battery
  • Flywheels
  • Others

Market, By Grid Type

  • AC
  • DC
  • Hybrid

Key players in the industry are adopting growth strategies like partnerships, collaborations, mergers and acquisitions, and awareness programs to strengthen their market presence. The report also lists industry players for end users, facilitating communication between manufacturers and consumers.

Recent Market Updates:

  • In April 2023, Xcel Energy rolled out its microgrid development service, targeting large commercial and industrial clients. This initiative not only slashes upfront costs for customers seeking resilient assets but also ensures that Xcel Energy stands by, offering comprehensive support for the operation and maintenance of these systems, guaranteeing their availability when required.
     
  • In April 2023, Schneider Electric and GreenYellow have partnered to offer microgrid solutions for small and medium-sized businesses in Europe’s commercial and industrial sectors. Targeting retail stores, logistics centers, commercial buildings, manufacturing plants, and more, these microgrids will help businesses reduce energy costs, enhance energy security, and boost sustainability. The service-based model eliminates the need for upfront investment, providing businesses with all the advantages of microgrids without the financial burden.

Regional Analysis for Industrial and Commercial Scale Microgrid Market:

  • North America(the United States, Canada, and Mexico)
  • Europe(Germany, France, UK, Russia, and Italy)
  • Asia-Pacific(China, Japan, Korea, India, and Southeast Asia)
  • South America(Brazil, Argentina, Colombia, etc.)
  • The Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) 

The Research Provides Answers to the Following Key Questions:

  1. What is the expected growth rate of the Industrial and Commercial Scale Microgrid market from 2024 to 2030?
  2. What are the major driving forces shaping the industry?
  3. Who are the major vendors dominating the market, and what are their winning strategies?
  4. What trends can business owners expect in the coming years?
  5. What threats and challenges might hinder industry progress?
  6. What opportunities can business owners capitalize on from 2024 to 2030?
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Report Insights
  • Base Year: 2023
  • Companies covered: 45
  • Countries covered: 36
  • Tables & Figures: 260
  • Pages: 150

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Global Industry Hub
Industrial and Commercial Scale Microgrid Market Share & Forecast, 2024 - 2030

 31 Aug 2024 This Report Contains the Latest Market Numbers, Statistics & Data Aavailable