

The grid-connected microgrid includes multiple generators, power distribution systems, and complex controls. The main grid acts as the main power source for the grid-connected microgrid. These microgrids rely on the main grid for power balance and energy backup. Grid-connected microgrids generally have higher reliability than remote / island microgrids due to their connection to the main grid. The growth of the grid-connected microgrid market can be attributed to the expansion of utility-based grid networks and the large-scale use of renewable energy sources (such as offshore wind energy). Grid-connected microgrids can provide grid flexibility and improve quality. Their impact on the environment is small, thus driving demand for clean energy.
Highlights
The global Grid-connected Microgrid market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Grid-connected Microgrid is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Grid-connected Microgrid is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Grid-connected Microgrid in Commercial and Industrial is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Grid-connected Microgrid include ABB, General Electric Company, Siemens AG, Eaton Corporation, Schneider Electric, Honeywell International, HOMER Energy LLC and Power Analytics Corporation, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Grid-connected Microgrid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grid-connected Microgrid.
The Grid-connected Microgrid market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Grid-connected Microgrid market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid-connected Microgrid companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation
Segment by Type
AC Microgrid
DC Microgrid
Hybrid Microgrid
Segment by Application
Commercial and Industrial
Government
Military
Healthcare
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Grid-connected Microgrid companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Grid-connected Microgrid Âé¶¹Ô´´ Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 AC Microgrid
1.2.3 DC Microgrid
1.2.4 Hybrid Microgrid
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global Grid-connected Microgrid Âé¶¹Ô´´ Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Commercial and Industrial
1.3.3 Government
1.3.4 Military
1.3.5 Healthcare
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Grid-connected Microgrid Âé¶¹Ô´´ Perspective (2018-2029)
2.2 Grid-connected Microgrid Growth Trends by Region
2.2.1 Global Grid-connected Microgrid Âé¶¹Ô´´ Size by Region: 2018 VS 2022 VS 2029
2.2.2 Grid-connected Microgrid Historic Âé¶¹Ô´´ Size by Region (2018-2023)
2.2.3 Grid-connected Microgrid Forecasted Âé¶¹Ô´´ Size by Region (2024-2029)
2.3 Grid-connected Microgrid Âé¶¹Ô´´ Dynamics
2.3.1 Grid-connected Microgrid Industry Trends
2.3.2 Grid-connected Microgrid Âé¶¹Ô´´ Drivers
2.3.3 Grid-connected Microgrid Âé¶¹Ô´´ Challenges
2.3.4 Grid-connected Microgrid Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Grid-connected Microgrid Players by Revenue
3.1.1 Global Top Grid-connected Microgrid Players by Revenue (2018-2023)
3.1.2 Global Grid-connected Microgrid Revenue Âé¶¹Ô´´ Share by Players (2018-2023)
3.2 Global Grid-connected Microgrid Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Grid-connected Microgrid Revenue
3.4 Global Grid-connected Microgrid Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Grid-connected Microgrid Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Grid-connected Microgrid Revenue in 2022
3.5 Grid-connected Microgrid Key Players Head office and Area Served
3.6 Key Players Grid-connected Microgrid Product Solution and Service
3.7 Date of Enter into Grid-connected Microgrid Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 Grid-connected Microgrid Breakdown Data by Type
4.1 Global Grid-connected Microgrid Historic Âé¶¹Ô´´ Size by Type (2018-2023)
4.2 Global Grid-connected Microgrid Forecasted Âé¶¹Ô´´ Size by Type (2024-2029)
5 Grid-connected Microgrid Breakdown Data by Application
5.1 Global Grid-connected Microgrid Historic Âé¶¹Ô´´ Size by Application (2018-2023)
5.2 Global Grid-connected Microgrid Forecasted Âé¶¹Ô´´ Size by Application (2024-2029)
6 North America
6.1 North America Grid-connected Microgrid Âé¶¹Ô´´ Size (2018-2029)
6.2 North America Grid-connected Microgrid Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2018-2023)
6.4 North America Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Grid-connected Microgrid Âé¶¹Ô´´ Size (2018-2029)
7.2 Europe Grid-connected Microgrid Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2018-2023)
7.4 Europe Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Grid-connected Microgrid Âé¶¹Ô´´ Size (2018-2029)
8.2 Asia-Pacific Grid-connected Microgrid Âé¶¹Ô´´ Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Grid-connected Microgrid Âé¶¹Ô´´ Size by Region (2018-2023)
8.4 Asia-Pacific Grid-connected Microgrid Âé¶¹Ô´´ Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Grid-connected Microgrid Âé¶¹Ô´´ Size (2018-2029)
9.2 Latin America Grid-connected Microgrid Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2018-2023)
9.4 Latin America Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Grid-connected Microgrid Âé¶¹Ô´´ Size (2018-2029)
10.2 Middle East & Africa Grid-connected Microgrid Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2018-2023)
10.4 Middle East & Africa Grid-connected Microgrid Âé¶¹Ô´´ Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Grid-connected Microgrid Introduction
11.1.4 ABB Revenue in Grid-connected Microgrid Business (2018-2023)
11.1.5 ABB Recent Development
11.2 General Electric Company
11.2.1 General Electric Company Company Detail
11.2.2 General Electric Company Business Overview
11.2.3 General Electric Company Grid-connected Microgrid Introduction
11.2.4 General Electric Company Revenue in Grid-connected Microgrid Business (2018-2023)
11.2.5 General Electric Company Recent Development
11.3 Siemens AG
11.3.1 Siemens AG Company Detail
11.3.2 Siemens AG Business Overview
11.3.3 Siemens AG Grid-connected Microgrid Introduction
11.3.4 Siemens AG Revenue in Grid-connected Microgrid Business (2018-2023)
11.3.5 Siemens AG Recent Development
11.4 Eaton Corporation
11.4.1 Eaton Corporation Company Detail
11.4.2 Eaton Corporation Business Overview
11.4.3 Eaton Corporation Grid-connected Microgrid Introduction
11.4.4 Eaton Corporation Revenue in Grid-connected Microgrid Business (2018-2023)
11.4.5 Eaton Corporation Recent Development
11.5 Schneider Electric
11.5.1 Schneider Electric Company Detail
11.5.2 Schneider Electric Business Overview
11.5.3 Schneider Electric Grid-connected Microgrid Introduction
11.5.4 Schneider Electric Revenue in Grid-connected Microgrid Business (2018-2023)
11.5.5 Schneider Electric Recent Development
11.6 Honeywell International
11.6.1 Honeywell International Company Detail
11.6.2 Honeywell International Business Overview
11.6.3 Honeywell International Grid-connected Microgrid Introduction
11.6.4 Honeywell International Revenue in Grid-connected Microgrid Business (2018-2023)
11.6.5 Honeywell International Recent Development
11.7 HOMER Energy LLC
11.7.1 HOMER Energy LLC Company Detail
11.7.2 HOMER Energy LLC Business Overview
11.7.3 HOMER Energy LLC Grid-connected Microgrid Introduction
11.7.4 HOMER Energy LLC Revenue in Grid-connected Microgrid Business (2018-2023)
11.7.5 HOMER Energy LLC Recent Development
11.8 Power Analytics Corporation
11.8.1 Power Analytics Corporation Company Detail
11.8.2 Power Analytics Corporation Business Overview
11.8.3 Power Analytics Corporation Grid-connected Microgrid Introduction
11.8.4 Power Analytics Corporation Revenue in Grid-connected Microgrid Business (2018-2023)
11.8.5 Power Analytics Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation
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*If Applicable.