Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Global Microgrid Market to exceed US$ 71 Billion by 2027

Urja Daily by Urja Daily
July 21, 2021
in Market Research
Reading Time: 5 mins read
0
renewable-energy
Share on FacebookShare on TwitterShare on Linkedin

NOIDA, India – A comprehensive overview of the Global Microgrid market is recently added by UnivDatos Market Insights to its humongous database. The Global Microgrid market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Global Microgrid market. The Global Microgrid market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Microgrid market at the global and regional levels. Global Microgrid market is expected to grow at a CAGR of 12.6% from 2021-2027 to exceed US$ 71 billion by 2027.

Market Overview  

RELATED POSTS

Electric Vehicle Motor Market: A Key Driver of the Global Clean Mobility Revolution

Regional Insights on the Expanding Battery Production Machine Market

The main driver of this market growth is its ability to produce clean energy. Microgrids can be powered by renewable technologies such as wind systems, solar systems, microturbines, hybrid systems and combustion turbines. Microgrids can be integrated with these renewables technologies to reduce the carbon footprints on the environment. Several governments worldwide are taking initiatives to reduce the carbon footprints on the environment, for example, the Government of Delhi, India started a transition to zero-emission vehicles in 2020, aiming to have 25% of all newly registered vehicles to be EVs by 2024, which number is currently 0.2%. A few drawbacks that the microgrid market can encounter include the initial setting up cost and the high maintenance cost of microgrids. The setting up costs of microgrid are 25-30% higher than the traditional grids.

COVID-19 Impact

The recent covid-19 pandemic in 2019 took the world by a storm. The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Most nations around the world were affected by the pandemic which not only took lives but also took away jobs. The pandemic caused a huge economic burden all around the world with most industries bearing some form of loss. The Global Microgrid industry also saw a slowdown during the pandemic as the industries were shut and production was affected.

Global Microgrid market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Connectivity, the market is primarily segmented into

  • Grid Connected
  • Off Grid

The Off Grid segment generated revenue of US$ XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX billion by 2027F.

By Grid-Type, the market is primarily segmented into

  • AC Microgrid
  • DC Microgrid
  • Hybrid

Amongst grid-type, the AC Microgrid segment of the Global Microgrid market was valued at US$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

By Power Source, the market is primarily segmented into

  • Diesel generators
  • Natural Gas
  • Solar PV
  • Combined Heat and Power (CHP)
  • Others

The Natural Gas segment generated revenue of US$ XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX billion by 2027F.

By Storage Device, the market is primarily segmented into

  • Lithium-ion
  • Lead Acid
  • Flow Battery
  • Flywheels
  • Others

Amongst Storage Device, the Lithium-Ion segment of the Global Microgrid market was valued at US$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

By Application, the market is primarily segmented into

  • Healthcare
  • Educational Institutes
  • Military
  • Utility
  • Industrial/ Commercial
  • Remote
  • Others

The Industrial/Commercial segment generated revenue of US$ XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX billion by 2027F.

Global Microgrid Market Geographical Segmentation Includes:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Based on the estimation, the North America region dominated the Global Microgrid market with almost XX% revenue share in 2020. North America also saw the highest CAGR of XX% in the forecast period due to the increasing demand of electricity in rural areas and increasing demand for renewable energy.

The major players targeting the market includes

  • ABB
  • General Electric Company
  • Siemens AG
  • Eaton Corporation Inc
  • Schneider Electric SE
  • Honeywell International Inc.
  • HOMER Energy LLC
  • S&C Electric Company
  • Power Analytics Corporation
  • Exelon Corporation

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Microgrid Market. The leading players have been analysed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the Global Microgrid market?
  • Which factors are influencing the Global Microgrid market over the forecast period?
  • What are the global challenges, threats, and risks in the Microgrid market?
  • Which factors are propelling and restraining the Global Microgrid market?
  • What are the demanding global regions of the Microgrid market?
  • What will be the global market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Tags: databasedriversglobalhumongousmicrogridrestraintsUnivDatos Market Insights
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Electric Vehicle

Electric Vehicle Motor Market: A Key Driver of the Global Clean Mobility Revolution

by Palak
July 28, 2025
0

The transition to sustainable mobility is being powered by more than just batteries and charging infrastructure. At the heart of...

Battery Production Machine Market

Regional Insights on the Expanding Battery Production Machine Market

by Palak
July 17, 2025
0

As the global demand for electric vehicles (EVs), consumer electronics, and renewable energy storage surges, the Battery Production Machine Market is experiencing...

Solar-Powered Cold Storage Market

Solar-Powered Cold Storage Market to Reach USD 355.74 Billion by 2034, Growing at 10.9% CAGR

by Palak
July 16, 2025
0

With rising concerns over food waste, energy costs, and climate change, solar-powered cold storage is emerging as a transformative solution....

Smart Homes

The Future of Smart Homes: Voice Tech, IoT, and Emerging Innovations

by Palak
July 10, 2025
0

Smart homes have swiftly evolved from luxury novelties into everyday essentials. What started with simple automated lighting has now grown...

EV Battery Market

Leading the Charge: Top 10 EV Battery Giants of 2025

by Palak
July 9, 2025
0

As the global transition toward sustainable transportation accelerates, the Electric Vehicle Battery Market has emerged as a cornerstone of innovation and investment....

Next Post
Solar Energy

Core Development Named in Top 25 Solar Contractor in U.S.

ALYI Electric Motorcycle

ALYI Electric Motorcycle Pilot Report Scheduled For Release

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Bluebird Solar

Bluebird Solar to Scale Up Manufacturing Capacity to 2.5 GW by October 2025

July 28, 2025
AM/NS India

AM/NS India Becomes First to License CSIR-CRRI’s Steel Slag Technology for Sustainable Road Building

July 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Bluebird Solar to Scale Up Manufacturing Capacity to 2.5 GW by October 2025

AM/NS India Becomes First to License CSIR-CRRI’s Steel Slag Technology for Sustainable Road Building

Solar and Wind Surpass Coal and Nuclear in Electricity Generation

ESSCI and DMFT Enable Employment for 600 Jharkhand Youth Through Skill Training Initiative

Electric Vehicle Motor Market: A Key Driver of the Global Clean Mobility Revolution

VEV CEO Welcomes UK Government’s New Fleet Depot Charging Scheme

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved