Microgrid market; Growth opportunities led by ABB Ltd. and Anbaric Development Partners LLC – Technavio – …

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NEW YORK, Jan.9, 2023 /PRNewswire/ — The microgrid market size is forecast to increase by USD 25,623.76 million from 2022 to 2027, at a CAGR of 13.6%, according to the recent market study by Technavio.
The growth of the market will be driven by the need for resilience, the rise in the adoption of microgrids in rural areas, and recent developments in microgrids.
Technavio categorizes the global microgrid market as a part of the global electric utilities market, which covers companies that produce or distribute electricity, which includes both nuclear and non-nuclear facilities.
Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report.
Download The Sample Report Technavio has extensively analyzed 15 major vendors, including ABB Ltd., Anbaric Development Partners LLC, Canopy Power, Eaton Corp.
Plc, Emerson Electric Co, Exelon Corp, General Electric Co., General MicroGrids, Gram Power (India) Pvt.
Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL LLC.
Gain access to detailed vendor profiles available with Technavio.
Buy the report!
Key Benefits for Industry Players & Stakeholders – The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players.
Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.Expand operations in the future – To get requisite details, ask for a custom report.
Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.Furthermore, market adoption rates for all regions have been covered.Get a holistic overview of the endoscopic closure devices market by industry experts to evaluate and develop growth strategies.
Download the Sample The market is segmented by application (remote, institutions and campus, military, and others), connectivity (grid-connected and off-grid connected), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
Segmentation by application (Inclusion/Exclusion) Remote:The remote segment shows a gradual increase in the market share of USD 7,664.38 million in 2017 and continued to grow until 2021.
The adoption of remote microgrids is high in regions where grid-connected power is not accessible or is available only for a limited period.
Developing countries such as India, Indonesia, Bangladesh, and several countries in Africa and Southeast Asia are the key markets for remote microgrids.
The increasing demand for electricity in these countries is fueling the growth of the segment.
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Technavio’s SUBSCRIPTION platform What are the key data covered in this microgrid market report?
CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the microgrid market between 2023 and 2027Precise estimation of the size of the microgrid market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the microgrid market industry across North America, APAC, Europe, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of microgrid market vendorsRelated Reports: The grid-connected PV systems market size is expected to increase by USD 158.08 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.58%.
The advantages associated with grid-connected PV systems is notably driving the grid-connected PV systems market growth, although factors such as intermittency in solar power generation may impede the market growth.The decentralized energy storage market size is expected to increase by 31216.22 megawatts from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 62.55%.
The change in the global energy mix is notably driving the decentralized energy storage market growth, although factors such as widening demand-supply gap for lithium may impede the market growth.Microgrid Market Scope Report Coverage Details Page number 175 Base year 2022 Historic period 2017-2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 13.6% Market growth 2023-2027 USD 25623.76 million Market structure Fragmented YoY growth 2022-2023 (%) 11.95 Regional analysis North America, APAC, Europe, South America, and Middle East and Africa Performing market contribution North America at 29% Key countries US, China, Australia, Russia, and Germany Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled ABB Ltd., Anbaric Development Partners LLC, Canopy Power, Eaton Corp.
Plc, Emerson Electric Co, Exelon Corp, General Electric Co., General MicroGrids, Gram Power (India) Pvt.
Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL LLC Market dynamics Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents: 1 Executive Summary 1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 06: Executive Summary – Chart on Market Segmentation by ConnectivityExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning2 Market Landscape 2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing 3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)4 Historic Market Size 4.1 Global microgrid market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global microgrid market 2017 – 2021 ($ million)4.2 Application Segment Analysis 2017 – 2021Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)4.3 Connectivity Segment Analysis 2017 – 2021Exhibit 20: Historic Market Size – Connectivity Segment 2017 – 2021 ($ million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)5 Five Forces Analysis 5.1 Five forces summary Exhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition – Five forces 2022 and 20276 Market Segmentation by Application 6.1 Market segments Exhibit 30: Chart on Application – Market share 2022-2027 (%)Exhibit 31: Data Table on Application – Market share 2022-2027 (%)6.2 Comparison by Application Exhibit 32: Chart on Comparison by ApplicationExhibit 33: Data Table on Comparison by Application6.3 Remote – Market size and forecast 2022-2027Exhibit 34: Chart on Remote – Market size and forecast 2022-2027 ($ million)Exhibit 35: Data Table on Remote – Market size and forecast 2022-2027 ($ million)Exhibit 36: Chart on Remote – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Remote – Year-over-year growth 2022-2027 (%)6.4 Institutions and campus – Market size and forecast 2022-2027 Exhibit 38: Chart on Institutions and campus – Market size and forecast 2022-2027 ($ million)Exhibit 39: Data Table on Institutions and campus – Market size and forecast 2022-2027 ($ million)Exhibit 40: Chart on Institutions and campus – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Institutions and campus – Year-over-year growth 2022-2027 (%)6.5 Military – Market size and forecast 2022-2027Exhibit 42: Chart on Military – Market size and forecast 2022-2027 ($ million)Exhibit 43: Data Table on Military – Market size and forecast 2022-2027 ($ million)Exhibit 44: Chart on Military – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Military – Year-over-year growth 2022-2027 (%)6.6 Others – Market size and forecast 2022-2027Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ million)Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ million)Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)6.7 Market opportunity by Application Exhibit 50: Market opportunity by Application ($ million)7 Market Segmentation by Connectivity 7.1 Market segments Exhibit 51: Chart on Connectivity – Market share 2022-2027 (%)Exhibit 52: Data Table on Connectivity – Market share 2022-2027 (%)7.2 Comparison by Connectivity Exhibit 53: Chart on Comparison by ConnectivityExhibit 54: Data Table on Comparison by Connectivity7.3 Grid connected – Market size and forecast 2022-2027Exhibit 55: Chart on Grid connected – Market size and forecast 2022-2027 ($ million)Exhibit 56: Data Table on Grid connected – Market size and forecast 2022-2027 ($ million)Exhibit 57: Chart on Grid connected – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Grid connected – Year-over-year growth 2022-2027 (%)7.4 Off-grid connected – Market size and forecast 2022-2027Exhibit 59: Chart on Off-grid connected – Market size and forecast 2022-2027 ($ million)Exhibit 60: Data Table on Off-grid connected – Market size and forecast 2022-2027 ($ million)Exhibit 61: Chart on Off-grid connected – Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on Off-grid connected – Year-over-year growth 2022-2027 (%)7.5 Market opportunity by Connectivity Exhibit 63: Market opportunity by Connectivity ($ million)8 Customer Landscape 8.1 Customer landscape overview Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria9 Geographic Landscape 9.1 Geographic segmentation Exhibit 65: Chart on Market share by geography 2022-2027 (%)Exhibit 66: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 67: Chart on Geographic comparisonExhibit 68: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 APAC – Market size and forecast 2022-2027Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.5 Europe – Market size and forecast 2022-2027Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ million)Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ million)Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 Russia – Market size and forecast 2022-2027Exhibit 97: Chart on Russia – Market size and forecast 2022-2027 ($ million)Exhibit 98: Data Table on Russia – Market size and forecast 2022-2027 ($ million)Exhibit 99: Chart on Russia – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Russia – Year-over-year growth 2022-2027 (%)9.11 Germany – Market size and forecast 2022-2027Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.12 Australia – Market size and forecast 2022-2027Exhibit 105: Chart on Australia – Market size and forecast 2022-2027 ($ million)Exhibit 106: Data Table on Australia – Market size and forecast 2022-2027 ($ million)Exhibit 107: Chart on Australia – Year-over-year growth 2022-2027 (%)Exhibit 108: Data Table on Australia – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 109: Market opportunity by geography ($ million)10 Drivers, Challenges, and Trends 10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 110: Impact of drivers and challenges in 2022 and 202710.4 Market trends11 Vendor Landscape 11.1 Overview11.2 Vendor landscape Exhibit 111: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 112: Overview on factors of disruption11.4 Industry risks Exhibit 113: Impact of key risks on business12 Vendor Analysis 12.1 Vendors covered Exhibit 114: Vendors covered12.2 Market positioning of vendors Exhibit 115: Matrix on vendor position and classification12.3 ABB Ltd.
Exhibit 116: ABB Ltd.
– OverviewExhibit 117: ABB Ltd.
– Business segmentsExhibit 118: ABB Ltd.
– Key newsExhibit 119: ABB Ltd.
– Key offeringsExhibit 120: ABB Ltd.
– Segment focus12.4 Eaton Corp.
Plc Exhibit 121: Eaton Corp.
Plc – OverviewExhibit 122: Eaton Corp.
Plc – Business segmentsExhibit 123: Eaton Corp.
Plc – Key newsExhibit 124: Eaton Corp.
Plc – Key offeringsExhibit 125: Eaton Corp.
Plc – Segment focus12.5 Emerson Electric Co Exhibit 126: Emerson Electric Co – OverviewExhibit 127: Emerson Electric Co – Business segmentsExhibit 128: Emerson Electric Co – Key newsExhibit 129: Emerson Electric Co – Key offeringsExhibit 130: Emerson Electric Co – Segment focus12.6 Exelon Corp Exhibit 131: Exelon Corp – OverviewExhibit 132: Exelon Corp – Business segmentsExhibit 133: Exelon Corp – Key offeringsExhibit 134: Exelon Corp – Segment focus12.7 General Electric Co.
Exhibit 135: General Electric Co.
– OverviewExhibit 136: General Electric Co.
– Business segmentsExhibit 137: General Electric Co.
– Key newsExhibit 138: General Electric Co.
– Key offeringsExhibit 139: General Electric Co.
– Segment focus12.8 General MicroGrids Exhibit 140: General MicroGrids – OverviewExhibit 141: General MicroGrids – Product / ServiceExhibit 142: General MicroGrids – Key offerings12.9 Honeywell International Inc.
Exhibit 143: Honeywell International Inc.
– OverviewExhibit 144: Honeywell International Inc.
– Business segmentsExhibit 145: Honeywell International Inc.
– Key newsExhibit 146: Honeywell International Inc.
– Key offeringsExhibit 147: Honeywell International Inc.
– Segment focus12.10 Pareto Energy Exhibit 148: Pareto Energy – OverviewExhibit 149: Pareto Energy – Product / ServiceExhibit 150: Pareto Energy – Key offerings12.11 Powerhive Inc.
Exhibit 151: Powerhive Inc.
– OverviewExhibit 152: Powerhive Inc.
– Product / ServiceExhibit 153: Powerhive Inc.
– Key offerings12.12 S and C Electric Co.
Exhibit 154: S and C Electric Co.
– OverviewExhibit 155: S and C Electric Co.
– Product / ServiceExhibit 156: S and C Electric Co.
– Key offerings12.13 Schneider Electric SE Exhibit 157: Schneider Electric SE – OverviewExhibit 158: Schneider Electric SE – Business segmentsExhibit 159: Schneider Electric SE – Key newsExhibit 160: Schneider Electric SE – Key offeringsExhibit 161: Schneider Electric SE – Segment focus12.14 Siemens AG Exhibit 162: Siemens AG – OverviewExhibit 163: Siemens AG – Business segmentsExhibit 164: Siemens AG – Key newsExhibit 165: Siemens AG – Key offeringsExhibit 166: Siemens AG – Segment focus12.15 Tesla Inc.
Exhibit 167: Tesla Inc.
– OverviewExhibit 168: Tesla Inc.
– Business segmentsExhibit 169: Tesla Inc.
– Key newsExhibit 170: Tesla Inc.
– Key offeringsExhibit 171: Tesla Inc.
– Segment focus12.16 TotalEnergies SE Exhibit 172: TotalEnergies SE – OverviewExhibit 173: TotalEnergies SE – Business segmentsExhibit 174: TotalEnergies SE – Key newsExhibit 175: TotalEnergies SE – Key offeringsExhibit 176: TotalEnergies SE – Segment focus12.17 UL LLC Exhibit 177: UL LLC – OverviewExhibit 178: UL LLC – Product / ServiceExhibit 179: UL LLC – Key offerings13 Appendix 13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 180: Inclusions checklistExhibit 181: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 182: Currency conversion rates for US$13.4 Research methodology Exhibit 183: Research methodologyExhibit 184: Validation techniques employed for market sizingExhibit 185: Information sources13.5 List of abbreviations Exhibit 186: List of abbreviationsAbout UsTechnavio is a leading global technology research and advisory company.
Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/microgrid-market-growth-opportunities-led-by-abb-ltd-and-anbaric-development-partners-llc—technavio-301714436.html SOURCE Technavio Source link The content is by PR Newswire.
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