North America Microgrid Market Size & Share - Industry Growth

North America Microgrid Market Competitive Landscape

North America Microgrid Market Top Player’s Company Profile

General Electric
Eaton
ABB
Siemens
Schneider Electric
Honeywell
Caterpillar
Toshiba Corporation
Mitsubishi Electric
Tesla
S&C Electric Company
Advanced Microgrid Systems
Helia Technologies
Hitachi Energy Ltd
General Microgrids
Exelon Corporation
PowerCell Sweden
Sunverge Energy
EnSync
Ampard
Pivot Energy
East Coast Power
Microgrid Solar
Tabuchi Electric
Delta Energy Systems
KSTAR

North America Microgrid Market

FAQs

North America Microgrid Market size was valued at USD 3 billion in 2021 and is poised to grow from USD 3.42 billion in 2022 to USD 9.76 billion by 2030, growing at a CAGR of 14% in the forecast period (2023-2030).

The North America Microgrid Market features a dynamic competitive landscape with several key players vying for prominence. Established energy companies such as Schneider Electric, Siemens AG, and ABB Group bring robust expertise and innovative solutions to the market. Meanwhile, emerging players like to contribute fresh perspectives and disruptive technologies. This landscape is characterized by a blend of established giants and agile newcomers, fostering healthy competition that drives innovation and advancements in microgrid technology, integration, and service offerings. As the market continues to expand, collaborations, strategic partnerships, and ongoing technological developments are poised to shape the competitive trajectory of North America's microgrid sector. 'General Electric', 'Eaton', 'ABB', 'Siemens', 'Schneider Electric', 'Honeywell', 'Caterpillar', 'Toshiba Corporation', 'Mitsubishi Electric', 'Tesla', 'S&C Electric Company', 'Advanced Microgrid Systems', 'Helia Technologies', 'Hitachi Energy Ltd', 'General Microgrids', 'Exelon Corporation', 'PowerCell Sweden', 'Sunverge Energy', 'EnSync', 'Ampard', 'Pivot Energy', 'East Coast Power', 'Microgrid Solar', 'Tabuchi Electric', 'Delta Energy Systems', 'KSTAR'

Microgrids offer enhanced resilience and reliability to local energy systems. They can operate independently or in conjunction with the main grid during disruptions, such as natural disasters or grid failures. In North America, where extreme weather events like hurricanes, wildfires, and winter storms are common, the need for reliable and resilient energy supply drives the adoption of microgrids.

Increasing Resilience and Grid Independence: One of the prominent trends in the North American microgrid market has been the growing emphasis on enhancing resilience and achieving grid independence. Microgrids are being adopted as a solution to mitigate the impacts of power outages caused by extreme weather events, natural disasters, and other disruptions. With the increasing frequency and severity of these events, businesses, communities, and critical infrastructure are turning to microgrids to ensure a reliable and stable power supply. These microgrids often incorporate renewable energy sources, energy storage systems, and advanced control technologies to manage energy distribution efficiently during both grid-connected and islanded modes.

The North America Microgrid Market is analyzed based on its regional presence, which includes U.S., Canada and Mexico. In the North America microgrid market, the United States (U.S.) stands out as the dominant region due to its extensive adoption of microgrid solutions across various industries and applications. The U.S. has exhibited a robust growth trajectory in microgrid deployment, driven by factors such as its advanced energy infrastructure, regulatory support, and a diverse range of applications including commercial, industrial, and military sectors. The U.S. government's emphasis on grid resilience and renewable energy integration has further bolstered the prominence of microgrids in the country.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

North America Microgrid Market Size, Share, Growth Analysis, By Grid type(Alternate current microgrid, Direct current microgrid, and Hybrid.), By Power source(Natural gas, Combined heat and power, Diesel, solar), By Region - Industry Forecast 2024-2031

North America Microgrid Market Competitive Landscape

North America Microgrid Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$3,500

North America Microgrid Market Size, Share, Growth Analysis, By Grid type(Alternate current microgrid, Direct current microgrid, and Hybrid.), By Power source(Natural gas, Combined heat and power, Diesel, solar), By Region - Industry Forecast 2024-2031

North America Microgrid Market Competitive Landscape

North America Microgrid Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of North America Microgrid Market?

Who are the key vendors in the North America Microgrid Market?

What is the key driver of North America Microgrid Market?

What is the key market trend for North America Microgrid Market?

Which region accounted for the largest share in North America Microgrid Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$3,500