Home > Energy & Power > Renewable Energy > Microgrid > Industrial and Commercial Scale Microgrid Market

Industrial and Commercial Scale Microgrid Market Trends

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

Download Free Sample

Industrial & Commercial Scale Microgrid Market Trends

Rising demand for reliable energy solution to enhance energy security by allowing businesses to continue operations during grid outages are stimulating product adoption. This capability to operate independently in island mode during grid failures is highly attractive for businesses that need to maintain productivity and prevent costly downtime. Furthermore, in a highly competitive business environment, companies are seeking ways to differentiate themselves by adopting cutting-edge energy solutions leading to create product growth opportunity to enhance operational efficiency, reduce costs, and improve environmental performance, providing a competitive advantage.

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.