Market Overview:
The global clean energy microgrids market is expected to grow from USD 2.02 billion in 2018 to USD 10.06 billion by 2030, at a CAGR of 23.5% from 2018 to 2030. The growth of the global clean energy microgrids market can be attributed to the increasing demand for reliable and uninterrupted power supply, growing concerns over climate change and greenhouse gas emissions, and government initiatives toward the deployment of clean energy technologies. Based on type, the hardware system segment is expected to lead the global clean energy microgrids market during the forecast period.
Product Definition:
A clean energy microgrid is a localized electricity grid with distributed energy resources (DER) that can disconnect from the larger grid to operate autonomously. Clean energy microgrids are important because they can help reduce greenhouse gas emissions, improve resilience to natural disasters, and provide other benefits.
Hardware System:
Hardware system is a set of equipment which works together to achieve a common goal. In clean energy microgrids, hardware systems are used for the purpose of increasing power generation from renewable sources and storing it in batteries for use when the grid power goes down. Hardware systems can be categorized into three major types including control devices, monitoring devices and storage devices.
Software System:
Software system is used in microgrids for controlling and monitoring the energy production and consumption. It helps to integrate the renewable sources of energy such as wind, solar PV, hydroelectricity into a single grid. The software system monitors power flow from different sources to meet consumer demand effectively.
Application Insights:
The utility distribution segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to growing demand for clean energy microgrids from utilities, governments, and other institutions. The remote location of some of these installations makes them susceptible to natural hazards such as earthquakes, which may lead to power outages. In such cases, a clean energy microgrid helps in ensuring reliable power supply by providing back-up generators.
Commercial and industrial applications are expected to witness considerable growth over the forecast period owing to increasing investments in renewable sources of energy generation like solar PV panels and wind turbines coupled with rising awareness regarding green building construction materials among corporate offices & industries. Growing urbanization has ledto an increasein commercial construction activities across various developing countries including India China Indonesia Thailand Malaysia Philippines Singapore etc.
Regional Analysis:
Asia Pacific regional market accounted for the largest share of global revenue in 2017. The region is expected to continue its dominance over the forecast period, with China and Japan at the forefront. Asia Pacific governments are actively investing in clean energy microgrids to overcome challenges such as peak demand management, distributed generation, distribution infrastructure security and stability, and grid modernization.
The Middle East & Africa (MEA) is projected to be one of the fastest-growing regions over the forecast period owing to increasing government initiatives pertaining toward deployment of clean energy technologies across several countries including UAE (UAE), Saudi Arabia (KSA), Egypt (EGP), South Africa(ZAR) and Jordan(JOR).
Growth Factors:
- Increasing demand for clean and renewable energy: The global increase in the demand for clean and renewable energy is one of the primary growth drivers for the Clean Energy Microgrids market. This is because microgrids can help to meet this increasing demand by providing a more efficient and reliable way to distribute power from renewable sources.
- Rising concerns over climate change: Another key factor driving the growth of the Clean Energy Microgrids market is rising concerns over climate change, which has led to an increased focus on developing cleaner and more sustainable forms of energy generation.
- Government support for microgrid development: Governments around the world are increasingly supporting microgrid development as a way to promote cleaner forms of energy, improve grid reliability, and stimulate economic growth. This government support is creating a positive environment for further growth in the Clean Energy Microgrids market.
- Advances in technology: The continued advancement of technology is another key driver behind the growth of Clean Energy Microgrids market, as it enables new applications and uses cases for microgrid systems that were not possible before. This technological progress is helping to fuel innovation within this sector and expand its potential customer base worldwide . 5) Growing interest from commercial & industrial sectors: Finally, growing interest from commercial & industrial sectors towards adopting clean energy solutions such as microgrids is also propellingthegrowthoftheCleanEnergyMicrogridsmarketovertheforecastperiod
Scope Of The Report
Report Attributes
Report Details
Report Title
Clean Energy Microgrids Market Research Report
By Type
Hardware System, Software System
By Application
Remote, Commercial and Industrial, Utility Distribution, Institutional and Military, Community and Other
By Companies
BoxPower Inc, Eaton, GE Grid Solutions, Gham Power, Gridscape, SMA Solar Technology, Sagemcom, Scale Microgrid Solutions, SimpliPhi Power, Schweitzer Engineering Laboratories, Schneider Electric, Siemens, WRH Group, PowerSecure
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Clean Energy Microgrids Market Report Segments:
The global Clean Energy Microgrids market is segmented on the basis of:
Types
Hardware System, Software System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Remote, Commercial and Industrial, Utility Distribution, Institutional and Military, Community and Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BoxPower Inc
- Eaton
- GE Grid Solutions
- Gham Power
- Gridscape
- SMA Solar Technology
- Sagemcom
- Scale Microgrid Solutions
- SimpliPhi Power
- Schweitzer Engineering Laboratories
- Schneider Electric
- Siemens
- WRH Group
- PowerSecure
Highlights of The Clean Energy Microgrids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware System
- Software System
- By Application:
- Remote
- Commercial and Industrial
- Utility Distribution
- Institutional and Military
- Community and Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Clean Energy Microgrids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Clean Energy Microgrids are a type of energy microgrid that helps to integrate renewable energy sources into the electrical grid. These microgrids can help to reduce reliance on fossil fuels and improve reliability and resilience of the grid.
Some of the key players operating in the clean energy microgrids market are BoxPower Inc, Eaton, GE Grid Solutions, Gham Power, Gridscape, SMA Solar Technology, Sagemcom, Scale Microgrid Solutions, SimpliPhi Power, Schweitzer Engineering Laboratories, Schneider Electric, Siemens, WRH Group, PowerSecure.
The clean energy microgrids market is expected to grow at a compound annual growth rate of 23.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clean Energy Microgrids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Clean Energy Microgrids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Clean Energy Microgrids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Clean Energy Microgrids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Clean Energy Microgrids Market Size & Forecast, 2018-2028
4.5.1 Clean Energy Microgrids Market Size and Y-o-Y Growth
4.5.2 Clean Energy Microgrids Market Absolute $ Opportunity
Chapter 5 Global Clean Energy Microgrids Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Clean Energy Microgrids Market Size Forecast by Type
5.2.1 Hardware System
5.2.2 Software System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Clean Energy Microgrids Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Clean Energy Microgrids Market Size Forecast by Applications
6.2.1 Remote
6.2.2 Commercial and Industrial
6.2.3 Utility Distribution
6.2.4 Institutional and Military
6.2.5 Community and Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Clean Energy Microgrids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Clean Energy Microgrids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Clean Energy Microgrids Analysis and Forecast
9.1 Introduction
9.2 North America Clean Energy Microgrids Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Clean Energy Microgrids Market Size Forecast by Type
9.6.1 Hardware System
9.6.2 Software System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Clean Energy Microgrids Market Size Forecast by Applications
9.10.1 Remote
9.10.2 Commercial and Industrial
9.10.3 Utility Distribution
9.10.4 Institutional and Military
9.10.5 Community and Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Clean Energy Microgrids Analysis and Forecast
10.1 Introduction
10.2 Europe Clean Energy Microgrids Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Clean Energy Microgrids Market Size Forecast by Type
10.6.1 Hardware System
10.6.2 Software System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Clean Energy Microgrids Market Size Forecast by Applications
10.10.1 Remote
10.10.2 Commercial and Industrial
10.10.3 Utility Distribution
10.10.4 Institutional and Military
10.10.5 Community and Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Clean Energy Microgrids Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Clean Energy Microgrids Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Clean Energy Microgrids Market Size Forecast by Type
11.6.1 Hardware System
11.6.2 Software System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Clean Energy Microgrids Market Size Forecast by Applications
11.10.1 Remote
11.10.2 Commercial and Industrial
11.10.3 Utility Distribution
11.10.4 Institutional and Military
11.10.5 Community and Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Clean Energy Microgrids Analysis and Forecast
12.1 Introduction
12.2 Latin America Clean Energy Microgrids Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Clean Energy Microgrids Market Size Forecast by Type
12.6.1 Hardware System
12.6.2 Software System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Clean Energy Microgrids Market Size Forecast by Applications
12.10.1 Remote
12.10.2 Commercial and Industrial
12.10.3 Utility Distribution
12.10.4 Institutional and Military
12.10.5 Community and Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Clean Energy Microgrids Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Clean Energy Microgrids Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Clean Energy Microgrids Market Size Forecast by Type
13.6.1 Hardware System
13.6.2 Software System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Clean Energy Microgrids Market Size Forecast by Applications
13.10.1 Remote
13.10.2 Commercial and Industrial
13.10.3 Utility Distribution
13.10.4 Institutional and Military
13.10.5 Community and Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Clean Energy Microgrids Market: Competitive Dashboard
14.2 Global Clean Energy Microgrids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BoxPower Inc
14.3.2 Eaton
14.3.3 GE Grid Solutions
14.3.4 Gham Power
14.3.5 Gridscape
14.3.6 SMA Solar Technology
14.3.7 Sagemcom
14.3.8 Scale Microgrid Solutions
14.3.9 SimpliPhi Power
14.3.10 Schweitzer Engineering Laboratories
14.3.11 Schneider Electric
14.3.12 Siemens
14.3.13 WRH Group
14.3.14 PowerSecure
