Global Micro Grids Market to Reach $50.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Micro Grids estimated at US$27 Billion in the year 2020, is projected to reach a revised size of US$50.2 Billion by 2027, growing at a CAGR of 9.3% over the period 2020-2027. Grid Connected, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$35.5 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 7.3% CAGR for the next 7-year period.The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 10.7% CAGR
The Micro Grids market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$13.2 Billion by the year 2027 trailing a CAGR of 10.7% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.Select Competitors (Total 55 Featured)
- ABB Ltd
- AMS
- Caterpillar
- Eaton Corporation Inc.
- GE's Grid Solutions
- General Microgrids
- Heila Technologies
- Hitachi ABB Power Grids
- HOMER Energy LLC
- Honeywell International Inc.
- Lockheed Martin Corporation
- Power Analytics Corporation
- S&C Electric Company
- Schneider Electric SE
- Siemens AG
- Spirae, LLC
- Tesla, Inc.
- Toshiba Corporation
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 331 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 27 Billion |
Forecasted Market Value ( USD | $ 50.2 Billion |
Compound Annual Growth Rate | 9.3% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPE
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
LATIN AMERICA
MIDDLE EAST
AFRICA
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd
- AMS
- Caterpillar
- Eaton Corporation Inc.
- GE's Grid Solutions
- General Microgrids
- Heila Technologies
- Hitachi ABB Power Grids
- HOMER Energy LLC
- Honeywell International Inc.
- Lockheed Martin Corporation
- Power Analytics Corporation
- S&C Electric Company
- Schneider Electric SE
- Siemens AG
- Spirae, LLC
- Tesla, Inc.
- Toshiba Corporation