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Industrial and Commercial Scale Microgrid Market Share

Report ID: GMI11133
Published Date: Aug 2024
Report Format: PDF

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Industrial & Commercial Scale Microgrid Market Share

Eminent players are forming strategic alliances with local utilities, renewable energy providers, and technology companies to expand their product line. Companies are collaborating with major players and regional firms to allow for the co-development of microgrid projects, especially in emerging markets where local expertise and market knowledge are crucial. Key players are expanding their reach into new geographic markets with high demand for microgrids, such as Asia-Pacific, Latin America, and Africa. This expansion also involves collaborating with local governments and meeting regulatory requirements, further boosting market penetration.

Industrial & Commercial Scale Microgrid Market Companies

Eminent players operating in the industrial & commercial scale microgrid industry are:

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

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of industrial & commercial scale microgrid was worth over USD 2.2 billion in 2023 and is anticipated to witness 23% CAGR from 2024 to 2032, due to rising demand for solutions offering potential for cost savings.

The grid connected connectivity segment in the industrial & commercial scale microgrid market is anticipated to exceed USD 10.7 billion by 2032, led by rising demand for connectivity allowing businesses to manage and optimize their energy consumption.

Asia Pacific industrial & commercial scale microgrid market size is anticipated to exceed USD 10 billion by 2032, led by the aging grid infrastructure and frequent outages in industrial hubs, such as India, Southeast Asia, and parts of China.

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