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North America Microgrid Market Share

Report ID: GMI2833
Published Date: Jun 2024
Report Format: PDF

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North America Microgrid Market Share

Eminent players are focusing on developing advanced microgrid solutions that integrate renewable energy sources, energy storage systems, smart grid technologies, and advanced control systems to diverse customer needs across residential, commercial, and industrial sectors. New companies are establishing regional offices, distribution channels, and service centers to provide localized support and meet regional energy demands. Furthermore, they adapt their product offerings to comply with local regulations, grid standards, and customer preferences, thereby enhancing market penetration and customer satisfaction.

North America Microgrid Market Companies

Eminent players operating in the microgrid industry are:

ABB
Advanced Microgrid Systems
Caterpillar
Eaton
General Microgrids
General Electric
Honeywell
Helia Technologies
Hitachi Energy Ltd
S&C Electric Company
Schneider Electric
Siemens AG
Tesla
Toshiba Corporation

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

North America microgrid industry size was worth USD 4.8 billion in 2023 and will record a 10.3% CAGR from 2024 and 2032 due to increasing grid reliability concerns.

The lithium ion device segment will reach 11.8% CAGR through 2032, propelled by the superior energy density, longer lifespan, and rapid recharge capabilities of lithium ion, essential for reliable energy storage in microgrid systems.

U.S. microgrid industry will surpass USD 9.8 billion by 2032, fueled by robust investments in grid modernization and resilience against natural disasters.

Key manufacturers operating in the North America microgrid market are ABB, Advanced Microgrid Systems, Caterpillar, Eaton, General Microgrids, General Electric, Honeywell, Helia Technologies, Hitachi Energy Ltd, S&C Electric Company, Schneider Electric, Siemens AG, Tesla, and Toshiba Corporation, among others.