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Asia Pacific Grid Connected Microgrid Market Share

Report ID: GMI8679
Published Date: Mar 2024
Report Format: PDF

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Asia Pacific Grid Connected Microgrid Market Share

Eminent market players are expanding their product portfolios to offer diverse microgrid solutions tailored to different customer needs and market segments. Additionally, they are investing in technological innovation to enhance the performance, reliability, and efficiency of systems. Strategic partnerships and collaborations with technology providers, utilities, and government agencies are also being leveraged to access new markets and drive innovation.

Asia Pacific Grid Connected Microgrid Market Companies

Eminent players operating in the Asia Pacific Grid Connected Microgrid industry are:

Advanced Energy Industries
ABB
Emerson
Eaton
FlexGen
General Electric
Hitachi Energy Ltd.
Lockheed Martin Corporation
PowerSecure
Princeton Power Systems
S&C Electric Company
Siemens AG
Schneider Electric
Tesla
Tata Sons Private Limited

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for grid connected microgrid was reached USD 4.2 billion in 2023 and is set to expand 27.7% CAGR from 2024 to 2032, driven by the increasing demand for reliable and resilient energy solutions in remote or underserved areas, coupled with the rising frequency of grid outages and disruptions.

Asia Pacific grid connected microgrid market from the diesel generators segment is poised to witness over 27% CAGR between 2024 and 2032, owing to its easy application in remote or off-grid areas with unreliable grid connectivity.

Asia Pacific grid connected microgrid market from the AC grid segment is expected to generate over USD 20 billion by 2032, owing to the rising demand for reliable and resilient power supply solutions, especially across urban areas.

Few prominent grid connected microgrid firms in Asia Pacific are Advanced Energy Industries, ABB, Emerson, Eaton, FlexGen, General Electric, Hitachi Energy Ltd., Lockheed Martin Corporation, PowerSecure, Princeton Power Systems, S&C Electric Company, Siemens AG, Schneider Electric, Tesla, and Tata Sons Private Limited.