Home > Energy & Power > Renewable Energy > Microgrid > Europe Hybrid Microgrid Market

Europe Hybrid Microgrid Market Share

Report ID: GMI9676
Published Date: May 2024
Report Format: PDF

Download Free Sample

Europe Hybrid Microgrid Market Share

Eminent market players are heavily investing in research and development to advance energy storage systems, smart grid technologies, and integration capabilities for various renewable energy sources. Companies are also developing industry-specific hybrid microgrid solutions to cater to the unique requirements of different sectors, such as mining, manufacturing, and remote communities.

Europe Hybrid Microgrid Market Companies

Eminent players operating in the Europe hybrid microgrid industry are:

ABB
Caterpillar Inc.
ENGIE
General Electric
Langley Holdings
MTU Solution
Piller Power Systems
Schneider Electric SE
S&C Electric Company
Siemens AG
Stellae Energy
Yanmar Holdings Co., Ltd

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for hybrid microgrid in Europe reached USD 772.6 million in 2023 and is set to witness 16.2% CAGR through 2032, owing to the rising decentralization and grid modernization.

The grid connected segment will exceed USD 2.27 billion by 2032, backed by the rising advancements in smart grid technologies, energy storage systems and power electronics to enhance the efficiency and reliability of microgrid.

The France hybrid microgrid industry will surpass USD 576 million by 2032, due to its strong commitment to renewable energy and energy transition.

ABB, Caterpillar Inc., ENGIE, General Electric, Langley Holdings, MTU Solution, Piller Power Systems, Schneider Electric SE, S&C Electric Company, Siemens AG, Stellae Energy, and Yanmar Holdings Co., Ltd.