Home > Energy & Power > Renewable Energy > Microgrid > Grid Connected Microgrid Market

Grid Connected Microgrid Market Share

Report ID: GMI8265
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

Grid Connected Microgrid Market Share

Eminent market players are focusing on technological innovation to develop advanced microgrid solutions that offer higher efficiency and reliability., partnerships and collaborations with other industry stakeholders are being favored to expand market reach and enhance product offerings. Investments in research and development, along with strategic acquisitions, aim to strengthen their competitive position in the market. Moreover, initiatives to raise awareness about the benefits of grid-connected microgrids and tailored marketing campaigns are being employed to attract a wider customer base and improve market presence.

Grid Connected Microgrid Market Companies

Eminent players operating in the grid connected microgrid industry are:

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

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of grid connected microgrid was reached USD 12.8 billion in 2023 and is anticipated to record about 20.4% CAGR through 2032, driven by rising requirement for enhanced energy reliability, resilience, and sustainability.

AC grid segment held a market share of around 51% in 2023 and will grow significantly through 2032, attributed to increasing demand for reliable and resilient power supply solutions.

Asia Pacific grid connected microgrid market revenue to cross USD 39 billion by 2032, owing to increasing energy demand, rapid urbanization, and the need for reliable power infrastructure.

ABB, Advanced Energy Industries, Eaton, Emerson, FlexGen, General Electric, Heila Technologies, Hitachi Energy Ltd., Lockheed Martin Corporation, Princeton Power Systems, PowerSecure, Schneider Electric, S&C Electric Company, Siemens AG and Tesla