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MICRO GRIDS

Global Market Trajectory & Analytics

MCP13290

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  •  DATE

    JULY 2020

  •  TABLES

    213

  •  PAGES

    297

  •  EDITION

    6

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Micro Grids estimated at US$24.6 Billion in the year 2020, is projected to reach a revised size of US$49.8 Billion by 2027, growing at a CAGR of 10.6% over the period 2020-2027.Grid Connected, one of the segments analyzed in the report, is projected to grow at a 9.5% CAGR to reach US$26.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Remote/Island/Off-Grid segment is readjusted to a revised 12.1% CAGR for the next 7-year period. This segment currently accounts for a 43.3% share of the global Micro Grids market.
The Micro Grids market in the U.S. is estimated at US$6.6 Billion in the year 2020. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$10.5 Billion in the year 2027 trailing a CAGR of 13.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR while Rest of European market (as defined in the study) will reach US$10.5 Billion by the year 2027.We bring years of research experience to this 6th edition of our report. The 297-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, ABB Group; Advanced Microgrid Solutions (AMS); Anbaric Development Partners; Dajie Ltd.; Eaton Corporation PLC; Exelon Corporation; General Electric Company; General MicroGrids; Go Electric Inc.; Gram Power India Pvt. Ltd.; Homer Energy; Honeywell International, Inc.; Pareto Energy; Power Analytics Corporation; Powerhive Inc.; S&C Electric Company; Schneider Electric SA; Siemens AG; Spirae, LLC; Tesla, Inc.
» End-Use (Educational Institutes, Commercial, Military, Government, Utilities, Other End-Uses) » Type (Grid Connected, Remote/Island/Off-Grid)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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