1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends
Microgrid Market by Offering, Connectivity, Grid Type, Vertical & Geography - Global Forecast to 2022

Microgrid Market: Global Forecast until 2022

  • March 2017
  • 175 pages
  • ID: 3703379
In this report:
According to a Scientific American article (September 2015), more than ## solar projects have been approved since 2013, including the Middle East's largest solar PV project, growing from ## MW to ##,## MW (##% of UAE's demand) over the next ## years for the Dubai Electricity and Water Authority.
The market for remote/island microgrids for the healthcare vertical is expected to be valued at USD ##.## billion by 2022, growing at the highest CAGR of ##.##% during the forecast period.


Table of Contents

Search Inside

"The microgrid market is likely to grow at a compound annual growth rate (CAGR) of ~12.4 percent between 2016 and 2022"

The microgrid market was estimated at ~$16.6B in 2015 and is forecasted to reach ~$39.0B by 2022, at a compound annual growth rate of ~12.4 percent during the forecast period. The market increase can be accredited to different Elements such as increasing demand for automated grid system and enhancement in microgrid connectivity through integration of IoT. The main restraints for the microgrid market are the high initial cost of installation and land acquisition and registration complications for solar PV installation in rural areas.

"The industry for healthcare is anticipated to rise at an important rate during the estimate period"

Hospitals are an essential facility leveraging the advantages of the microgrid. The microgrid system offers significant economic and environmental benefits to the most advanced healthcare facilities. It has the ability to optimize the energy consumption for any type of facility, and this brings particular value to public facilities including hospitals, which use mass quantities of power to preserve daily operations without risking an outage. The growing need for uninterrupted power supply in the healthcare vertical is the main factor providing to the rise of this market.

"The sector in Asia-Pacific is anticipated to grow at the maximal rate during the outlook period"

Increase in microgrid installations in African continent and Asia-Pac for rural electrification projects and quickly increasing mining vertical in the Indian market, together with market investments made by both national and international companies including ABB, Siemens, GE, and Schneider Electric (SU), are some of the main factors providing to the increase of the microgrid market in Asia-Pacific. The countries considered in Asia-Pac are China (CN), Japan (JP), India (IN), Australia (AU), and Rest of Asia-Pacific. The whole Americas maintains the biggest share of the microgrid market as there is strong support for microgrid development from the U.S.A and Canadian governments. On top of, many big actors and the start-ups in this area are investing more for technological enhancement of microgrid.

Breakdown of primary participants' profile by distinct parameters:

• By Company category: Tier 1-50.0 percent, Tier 2-33.0 percent, and Tier 3-17.0 percent

• By Description: C Level-50%, Director Level-33%, and Others-17%

• By Area: Americas-67%, Europe-16%, and APAC-17%

The top players operating in this sector are ABB Ltd. (NYSE:ABB), General Electric (NYSE:GE), Eaton Corporation PLC, Siemens (SIA), Exelon Corporation, Schneider Electric (SU), Caterpillar Inc., Power Analytics Corporation, HOMER Energy LLC, and S&C Electric Company.

Segment Research

In this business report, different segments including offering, connectivity, grid type, vertical, and territory have been covered. The analysis also considers the drivers, industry restraints, possibilities, and opportunities for the industry. It contributes a in-depth view of the market across four main regions: the whole Americas, Europe (EU), Asia-Pac, and RoW. Porter's five forces analysis has been included in the market research, together with the description of each force and its impact on the sector.

Why Purchasing This Study Can Help You:

• this business report includes the statistics pertaining to the microgrid market in terms of offering, connectivity, grid type, vertical, and area, together with their size of market.

• Porter's five forces analysis, value chain study, and top strategies approved by the key market players have been provided for the microgrid market.

• Major drivers, market restraints, alternatives, and opportunities for the microgrid market have been provided in detail in this industry report.

• The report includes figures of segmentation, review, and estimate for the microgrid market established on its segments and sub-segments.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Microgrid Market 2018-2022

Microgrid Sector: Worldwide Forecast until 2022

  • $ 2500
  • Industry report
  • January 2018
  • by Infiniti Research Limited

About MicrogridA microgrid is a smaller type of power grid that has its own collection of power generation assets, energy storage equipment and other distribution equipment necessary to meet local energy ...

Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021

Energy Storage Sector, focus on Renewable Energy Grid Integration: Worldwide Forecast until 2021

  • $ 2500
  • Industry report
  • November 2017
  • by Infiniti Research Limited

About Energy Storage Market for Renewable Energy Grid IntegrationEnergy storage system plays a vital role during the integration of renewable energy with a main grid. The excess energy generated from the ...

Global Hybrid Lead-Acid Battery Market 2018-2022

Hybrid Lead-Acid Battery Sector: Worldwide Forecast until 2022

  • $ 2500
  • Industry report
  • January 2018
  • by Infiniti Research Limited

About Hybrid Lead-Acid BatteryHybrid Lead-Acid Battery or UltraBattery is a hybrid device, which is a chemical combination of a lead-acid battery and an ultracapacitor. This combination achieves extended ...


Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on