The Microgrid Market size was valued at USD 31.24 Billion in 2023 and the total Microgrid Market revenue is expected to grow at a CAGR of 14.67% from 2024 to 2030, reaching nearly USD 81.45 Billion. Microgrid Market Overview: A microgrid is a compact and decentralized energy system that independently generates, distributes, and manages electricity, either in isolation or in coordination with the main power grid. Typically incorporating a mix of renewable energy sources, energy storage units, and traditional generators, a Microgrid Market can function autonomously or disconnect from the primary grid during power disruptions or emergencies, ensuring a consistent and reliable power supply to a specific area or facility. With its high adaptability and capacity for tailored solutions to unique energy requirements, the demand for microgrid market is on the rise worldwide. To know about the Research Methodology :- Request Free Sample Report The global microgrid market is poised for rapid growth in the forecast period, driven by the growing deployment of microgrid in emerging economies, which present promising Microgrid Market for these systems. Southeast Asian nations, in particular, are witnessing an upsurge in microgrid market installations due to various ongoing and upcoming projects. One notable collaborative initiative contributing to the advancement of Microgrid Market technology is 'CleanGrid Partners.' This collaboration involves companies such as Singapore-based WEnergy Global and consulting firm ICMG Partners. The collective investment from these companies is anticipated to reach USD 100 million over the next three to four years, signaling a substantial commitment to the development and implementation of microgrid market solutions.Microgrid Market Dynamics:
The adoption of Microgrid Market for rural electrification is experiencing a rapid surge globally. These compact energy systems are finding widespread applications, from powering remote installations to establishing resilient networks in grid-connected assets and supporting local energy communities. According to the International Energy Agency (IEA), an estimated 860 million people worldwide lacked access to electricity by 2020, with 87% residing in rural or isolated areas. Government mandates to reduce carbon footprints and the ongoing development of energy-efficient technologies further propel the microgrid market. The demand for reliable energy supply, coupled with the expansion of large-scale renewable power options, supports the growth of Microgrid Market solutions. The rising need for smart control solutions in remote areas and the increasing customer focus on low-emission power solutions enhance the business dynamics. Supportive government initiatives aligning with the trend toward decentralized grid networks contribute to the positive industry scenario. However, the Microgrid Market faces challenges such as high installation costs and operational complexities. The inclusion of system engineers, monitoring systems, and relays significantly raises installation expenses compared to traditional grids. Despite these challenges, opportunities abound as governments increasingly support Microgrid Market initiatives. For instance, the Federal Government of Australia established a USD 50 million Microgrid Market financing scheme in October 2019, allocating USD 20 million for Microgrid feasibility studies. These government efforts are expected to drive the Microgrid Market's growth during the projected period, making Microgrid Market technology a more reliable and cost-efficient power supply option for various industries.Microgrid Market Segment Analysis:
Based on Type, the global microgrid market is segmented into Grid Connected and Remote/Island. The Grid Connected segment is expected to grow at a highest CAGR of 14.6% in the global Microgrid Market during the forecast period. Owing to increasing demand for power from underdeveloped and developing countries. Grid-connected is also called grid-tied and off-grid. Sustainable power supply, increased durability and efficiency, cheap energy storage costs, and lower pollution levels have been some of the major factors that will drive the growth of grid connected segment over the forecast period. Based on Offering, the global market is segmented into Software, Hardware and Service. The Software segment held the largest market share in 2023. Microgrid Market software as a service is a remotely-hosted Microgrid Market control solution. Software service is designed for campus, institutions, infrastructures, and utilities that need advanced monitoring, control, and optimization of distributed energy at an affordable cost without the hassle of managing and maintaining on-site IT infrastructure.Microgrid Market Regional Insights:
North America is expected to dominate the global microgrid market during the forecast period 2024-2030. North America held the largest market share 38.7% in 2023. The Canada and U.S. are relatively advanced countries who witnessed early adoption of Market solutions in North America. The governments in these countries have recognised the need for a reliable and secure energy source which would take off the load from traditional power generation methods. The U.S. Market is mostly focused on grid resiliency and reliability of power supply. A number of the large portion of the Market projects have been deployed by the military. In the future, other consumer segments are estimated to embrace microgrid market, which would drive the Market significantly. Asia Pacific is expected to grow at a highest CAGR of 15.2% in the global Microgrid Market during the forecast period. The industrial sector would be driven by rising favourable norms and incentives from various governments to improve the renewable energy blend across the country. Additionally, regional greenhouse gas emission limits and a rise in the use of stand-alone sources of energy will fuel product demand. Microgrid Market Recent Development: Various recent developments have marked significant strides in the global Microgrid Market. Such as, in March 2022, Siemens AG unveiled the deployment of the first industrial-use Market in the Middle East. This innovative Market, designed for Qatar Solar Energy (QSE), enables the reduction of carbon emissions, cost-efficient electricity, and a more stable power supply. In March 2023, ABB joined forces with Direct Energy Partners (DEP), a startup leveraging digital technology to expedite the adoption of direct current (DC) Market. This collaboration centers on the development of localized energy generation and distribution through scalable DC Market, aiming to decrease overall energy consumption and operational expenses.Microgrid Market Scope: Inquire before buying
Global Microgrid Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 31.24 Bn. Forecast Period 2024 to 2030 CAGR: 14.67% Market Size in 2030: US $ 81.45 Bn. Segments Covered: by Type Grid Connected Remote/Island by Offering Hardware Software Service by Consumption pattern Urban & Metropolitan Semi-urban Rural/Island by End-User Commercial & Industrial Remote Areas Institutes & Campuses Healthcare Others Microgrid Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Microgrid Market Key players:
North America 1. Lockheed Martin Corporation (USA) 2. ZBB Energy Corporation (USA) 3. ABB Ltd. (Switzerland) 4. GE Digital Energy (USA) 5. Power Analytics Corporation (USA) 6. Consert Inc. (USA) 7. Viridity Energy, Inc. (USA) 8. S&C Electric Company (USA) 9. Chevron Energy (USA) 10. HOMER Energy LLC (USA) 11. Honeywell International Inc. (USA) 12. Microgrid Energy LLC (USA) 13. Microgrid Labs Inc. (USA) 14. General Electric Company (USA) 15. Eaton Corporation Inc. (USA) 16. Emerson Electric Co. (USA) 17. Power Systems Manufacturing LLC (USA) Europe 1. ABB Ltd. (Switzerland) 2. Eaton Corporation plc (Ireland) 3. Schneider Electric SE (France) APAC 1. Mitsubishi Electric Corporation (Japan) 2. Sungrow Power Supply Co., Ltd. (China) 3. Yaskawa Electric Corporation (Japan) 4. Toshiba Corporation (Japan) FAQs: 1. What are the growth drivers for the Microgrid Market? Ans. Rising global energy demand, Natural disasters and grid vulnerabilities factors are expected to be the major drivers for the Market. 2. What is the major restraint for the Market growth? Ans. Lack of awareness and understanding about the benefits and capabilities of microgrids is expected to be the major restraining factor for the Market growth. 3. Which region is expected to lead the global Market during the forecast period? Ans. North America is expected to lead the global Market during the forecast period. 4. What is the projected market size & and growth rate of the Market? Ans. The Market size was valued at USD 31.24 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 14.67% from 2024 to 2030, reaching nearly USD 81.45 Billion. 5. What segments are covered in the Market report? Ans. The segments covered in the Market report are Offering, Type, Consumption pattern and End-Use.
1. Microgrid Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Microgrid Market: Dynamics 2.1. Microgrid Market Trends by Region 2.1.1. Global Microgrid Market Trends 2.1.2. North America Microgrid Market Trends 2.1.3. Europe Microgrid Market Trends 2.1.4. Asia Pacific Microgrid Market Trends 2.1.5. Middle East and Africa Microgrid Market Trends 2.1.6. South America Microgrid Market Trends 2.2. Microgrid Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Microgrid Market Drivers 2.2.1.2. North America Microgrid Market Restraints 2.2.1.3. North America Microgrid Market Opportunities 2.2.1.4. North America Microgrid Market Challenges 2.2.2. Europe 2.2.2.1. Europe Microgrid Market Drivers 2.2.2.2. Europe Microgrid Market Restraints 2.2.2.3. Europe Microgrid Market Opportunities 2.2.2.4. Europe Microgrid Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Microgrid Market Drivers 2.2.3.2. Asia Pacific Microgrid Market Restraints 2.2.3.3. Asia Pacific Microgrid Market Opportunities 2.2.3.4. Asia Pacific Microgrid Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Microgrid Market Drivers 2.2.4.2. Middle East and Africa Microgrid Market Restraints 2.2.4.3. Middle East and Africa Microgrid Market Opportunities 2.2.4.4. Middle East and Africa Microgrid Market Challenges 2.2.5. South America 2.2.5.1. South America Microgrid Market Drivers 2.2.5.2. South America Microgrid Market Restraints 2.2.5.3. South America Microgrid Market Opportunities 2.2.5.4. South America Microgrid Market Challenges 2.3. PORTER’s Five Power Sources Analysis 2.4. PESTLE Analysis 2.5. Value Chain Analysis 2.6. Regulatory Landscape by Region 2.6.1. Global 2.6.2. North America 2.6.3. Europe 2.6.4. Asia Pacific 2.6.5. Middle East and Africa 2.6.6. South America 2.7. Key Opinion Leader Analysis For Microgrid Market Industry 2.8. Analysis of Government Schemes and Initiatives For Microgrid Market Industry 2.9. The Global Pandemic Impact on Microgrid Market 2.10. Microgrid Market Price Trend Analysis (2022-23) 2.11. Global Microgrid Market Trade Analysis (2018-2030) 2.11.1. Global Import of Microgrid Market 2.11.1.1. Ten Largest Importer 2.11.2. Global Export of Microgrid Market 2.11.3. Ten Largest Exporter 2.12. Production Capacity Analysis 2.12.1. Chapter Overview 2.12.2. Key Assumptions and Methodology 2.12.3. Microgrid Market Manufacturers: Global Installed Capacity 3. Microgrid Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) (2023-2030) 3.1. Microgrid Market Size and Forecast, by Type (2023-2030) 3.1.1. Grid Connected 3.1.2. Remote/Island 3.2. Microgrid Market Size and Forecast, by Offering (2023-2030) 3.2.1. Hardware 3.2.2. Software 3.2.3. Service 3.3. Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 3.3.1. Urban & Metropolitan 3.3.2. Semi-urban 3.3.3. Rural/Island 3.4. Microgrid Market Size and Forecast, By End-Use (2023-2030) 3.4.1. Commercial & Industrial 3.4.2. Remote Areas 3.4.3. Institutes & Campuses 3.4.4. Healthcare 3.4.5. Others 3.5. Microgrid Market Size and Forecast, by Region (2023-2030) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 4. North America Microgrid Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 4.1. North America Microgrid Market Size and Forecast, by Type (2023-2030) 4.1.1. Grid Connected 4.1.2. Remote/Island 4.2. North America Microgrid Market Size and Forecast, by Offering (2023-2030) 4.2.1. Hardware 4.2.2. Software 4.2.3. Service 4.3. North America Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 4.3.1. Urban & Metropolitan 4.3.2. Semi-urban 4.3.3. Rural/Island 4.4. North America Microgrid Market Size and Forecast, By End-Use (2023-2030) 4.4.1. Commercial & Industrial 4.4.2. Remote Areas 4.4.3. Institutes & Campuses 4.4.4. Healthcare 4.4.5. Others 4.5. North America Microgrid Market Size and Forecast, by Country (2023-2030) 4.5.1. United States 4.5.1.1. United States Microgrid Market Size and Forecast, by Type (2023-2030) 4.5.1.1.1. Grid Connected 4.5.1.1.2. Remote/Island 4.5.1.2. United States Microgrid Market Size and Forecast, by Offering (2023-2030) 4.5.1.2.1. Hardware 4.5.1.2.2. Software 4.5.1.2.3. Service 4.5.1.3. United States Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 4.5.1.3.1. Urban & Metropolitan 4.5.1.3.2. Semi-urban 4.5.1.3.3. Rural/Island 4.5.1.4. United States Microgrid Market Size and Forecast, By End-Use (2023-2030) 4.5.1.4.1. Commercial & Industrial 4.5.1.4.2. Remote Areas 4.5.1.4.3. Institutes & Campuses 4.5.1.4.4. Healthcare 4.5.1.4.5. Others 4.5.2. Canada 4.5.2.1. Canada Microgrid Market Size and Forecast, by Type (2023-2030) 4.5.2.1.1. Grid Connected 4.5.2.1.2. Remote/Island 4.5.2.2. Canada Microgrid Market Size and Forecast, by Offering (2023-2030) 4.5.2.2.1. Hardware 4.5.2.2.2. Software 4.5.2.2.3. Service 4.5.2.3. Canada Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 4.5.2.3.1. Urban & Metropolitan 4.5.2.3.2. Semi-urban 4.5.2.3.3. Rural/Island 4.5.2.4. Canada Microgrid Market Size and Forecast, By End-Use (2023-2030) 4.5.2.4.1. Commercial & Industrial 4.5.2.4.2. Remote Areas 4.5.2.4.3. Institutes & Campuses 4.5.2.4.4. Healthcare 4.5.2.4.5. Others 4.5.3. Mexico 4.5.3.1. Mexico Microgrid Market Size and Forecast, by Type (2023-2030) 4.5.3.1.1. Grid Connected 4.5.3.1.2. Remote/Island 4.5.3.2. Mexico Microgrid Market Size and Forecast, by Offering (2023-2030) 4.5.3.2.1. Hardware 4.5.3.2.2. Software 4.5.3.2.3. Service 4.5.3.3. Mexico Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 4.5.3.3.1. Urban & Metropolitan 4.5.3.3.2. Semi-urban 4.5.3.3.3. Rural/Island 4.5.3.4. Mexico Microgrid Market Size and Forecast, By End-Use (2023-2030) 4.5.3.4.1. Commercial & Industrial 4.5.3.4.2. Remote Areas 4.5.3.4.3. Institutes & Campuses 4.5.3.4.4. Healthcare 4.5.3.4.5. Others 5. Europe Microgrid Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 5.1. Europe Microgrid Market Size and Forecast, by Type (2023-2030) 5.2. Europe Microgrid Market Size and Forecast, by Offering (2023-2030) 5.3. Europe Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.4. Europe Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5. Europe Microgrid Market Size and Forecast, by Country (2023-2030) 5.5.1. United Kingdom 5.5.1.1. United Kingdom Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.1.2. United Kingdom Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.1.3. United Kingdom Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.1.4. United Kingdom Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5.2. France 5.5.2.1. France Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.2.2. France Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.2.3. France Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.2.4. France Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5.3. Germany 5.5.3.1. Germany Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.3.2. Germany Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.3.3. Germany Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.3.4. Germany Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5.4. Italy 5.5.4.1. Italy Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.4.2. Italy Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.4.3. Italy Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.4.4. Italy Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5.5. Spain 5.5.5.1. Spain Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.5.2. Spain Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.5.3. Spain Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.5.4. Spain Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5.6. Sweden 5.5.6.1. Sweden Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.6.2. Sweden Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.6.3. Sweden Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.6.4. Sweden Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5.7. Austria 5.5.7.1. Austria Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.7.2. Austria Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.7.3. Austria Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.7.4. Austria Microgrid Market Size and Forecast, By End-Use (2023-2030) 5.5.8. Rest of Europe 5.5.8.1. Rest of Europe Microgrid Market Size and Forecast, by Type (2023-2030) 5.5.8.2. Rest of Europe Microgrid Market Size and Forecast, by Offering (2023-2030) 5.5.8.3. Rest of Europe Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 5.5.8.4. Rest of Europe Microgrid Market Size and Forecast, By End-Use (2023-2030) 6. Asia Pacific Microgrid Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 6.1. Asia Pacific Microgrid Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Microgrid Market Size and Forecast, by Offering (2023-2030) 6.3. Asia Pacific Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.4. Asia Pacific Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5. Asia Pacific Microgrid Market Size and Forecast, by Country (2023-2030) 6.5.1. China 6.5.1.1. China Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.1.2. China Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.1.3. China Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.1.4. China Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.2. S Korea 6.5.2.1. S Korea Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.2.2. S Korea Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.2.3. S Korea Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.2.4. S Korea Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.3. Japan 6.5.3.1. Japan Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.3.2. Japan Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.3.3. Japan Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.3.4. Japan Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.4. India 6.5.4.1. India Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.4.2. India Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.4.3. India Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.4.4. India Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.5. Australia 6.5.5.1. Australia Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.5.2. Australia Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.5.3. Australia Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.5.4. Australia Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.6. Indonesia 6.5.6.1. Indonesia Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.6.2. Indonesia Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.6.3. Indonesia Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.6.4. Indonesia Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.7. Malaysia 6.5.7.1. Malaysia Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.7.2. Malaysia Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.7.3. Malaysia Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.7.4. Malaysia Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.8. Vietnam 6.5.8.1. Vietnam Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.8.2. Vietnam Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.8.3. Vietnam Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.8.4. Vietnam Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.9. Taiwan 6.5.9.1. Taiwan Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.9.2. Taiwan Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.9.3. Taiwan Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.9.4. Taiwan Microgrid Market Size and Forecast, By End-Use (2023-2030) 6.5.10. Rest of Asia Pacific 6.5.10.1. Rest of Asia Pacific Microgrid Market Size and Forecast, by Type (2023-2030) 6.5.10.2. Rest of Asia Pacific Microgrid Market Size and Forecast, by Offering (2023-2030) 6.5.10.3. Rest of Asia Pacific Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 6.5.10.4. Rest of Asia Pacific Microgrid Market Size and Forecast, By End-Use (2023-2030) 7. Middle East and Africa Microgrid Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 7.1. Middle East and Africa Microgrid Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Microgrid Market Size and Forecast, by Offering (2023-2030) 7.3. Middle East and Africa Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 7.4. Middle East and Africa Microgrid Market Size and Forecast, By End-Use (2023-2030) 7.5. Middle East and Africa Microgrid Market Size and Forecast, by Country (2023-2030) 7.5.1. South Africa 7.5.1.1. South Africa Microgrid Market Size and Forecast, by Type (2023-2030) 7.5.1.2. South Africa Microgrid Market Size and Forecast, by Offering (2023-2030) 7.5.1.3. South Africa Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 7.5.1.4. South Africa Microgrid Market Size and Forecast, By End-Use (2023-2030) 7.5.2. GCC 7.5.2.1. GCC Microgrid Market Size and Forecast, by Type (2023-2030) 7.5.2.2. GCC Microgrid Market Size and Forecast, by Offering (2023-2030) 7.5.2.3. GCC Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 7.5.2.4. GCC Microgrid Market Size and Forecast, By End-Use (2023-2030) 7.5.3. Nigeria 7.5.3.1. Nigeria Microgrid Market Size and Forecast, by Type (2023-2030) 7.5.3.2. Nigeria Microgrid Market Size and Forecast, by Offering (2023-2030) 7.5.3.3. Nigeria Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 7.5.3.4. Nigeria Microgrid Market Size and Forecast, By End-Use (2023-2030) 7.5.4. Rest of ME&A 7.5.4.1. Rest of ME&A Microgrid Market Size and Forecast, by Type (2023-2030) 7.5.4.2. Rest of ME&A Microgrid Market Size and Forecast, by Offering (2023-2030) 7.5.4.3. Rest of ME&A Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 7.5.4.4. Rest of ME&A Microgrid Market Size and Forecast, By End-Use (2023-2030) 8. South America Microgrid Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 8.1. South America Microgrid Market Size and Forecast, by Type (2023-2030) 8.2. South America Microgrid Market Size and Forecast, by Offering (2023-2030) 8.3. South America Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 8.4. South America Microgrid Market Size and Forecast, By End-Use (2023-2030) 8.5. South America Microgrid Market Size and Forecast, by Country (2023-2030) 8.5.1. Brazil 8.5.1.1. Brazil Microgrid Market Size and Forecast, by Type (2023-2030) 8.5.1.2. Brazil Microgrid Market Size and Forecast, by Offering (2023-2030) 8.5.1.3. Brazil Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 8.5.1.4. Brazil Microgrid Market Size and Forecast, By End-Use (2023-2030) 8.5.2. Argentina 8.5.2.1. Argentina Microgrid Market Size and Forecast, by Type (2023-2030) 8.5.2.2. Argentina Microgrid Market Size and Forecast, by Offering (2023-2030) 8.5.2.3. Argentina Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 8.5.2.4. Argentina Microgrid Market Size and Forecast, By End-Use (2023-2030) 8.5.3. Rest Of South America 8.5.3.1. Rest Of South America Microgrid Market Size and Forecast, by Type (2023-2030) 8.5.3.2. Rest Of South America Microgrid Market Size and Forecast, by Offering (2023-2030) 8.5.3.3. Rest Of South America Microgrid Market Size and Forecast, By Consumption pattern (2023-2030) 8.5.3.4. Rest of South America Microgrid Market Size and Forecast, By End-Use (2023-2030) 9. Global Microgrid Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Product Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.3.6. SKU Details 9.4. Leading Microgrid Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Lockheed Martin Corporation (USA) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. ZBB Energy Corporation (USA) 10.3. ABB Ltd. (Switzerland) 10.4. GE Digital Energy (USA) 10.5. Power Analytics Corporation (USA) 10.6. Consert Inc. (USA) 10.7. Viridity Energy, Inc. (USA) 10.8. S&C Electric Company (USA) 10.9. Chevron Energy (USA) 10.10. Toshiba Corporation (Japan) 10.11. HOMER Energy LLC (USA) 10.12. Honeywell International Inc. (USA) 10.13. Microgrid Energy LLC (USA) 10.14. Siemens AG (Germany) 10.15. Microgrid Labs Inc. (USA) 10.16. General Electric Company (USA) 10.17. Eaton Corporation Inc. (USA) 10.18. Emerson Electric Co. (USA) 10.19. Schneider Electric SE (France) 10.20. Sungrow Power Supply Co., Ltd. (China) 10.21. Yaskawa Electric Corporation (Japan) 10.22. Eaton Corporation plc (Ireland) 10.23. Mitsubishi Electric Corporation (Japan) 10.24. Power Systems Manufacturing LLC (USA) 11. Key Findings 12. Industry Recommendations 13. Microgrid Market: Research Methodology 14. Terms and Glossary