Market by Utilization Type, Component, Connectivity, Industry Vertical, and Country Outlook | Forecast 2022-2028
Based on Triton’s analysis,
the microgrid market in Europe is estimated to witness growth at a CAGR of 10.17% during the forecast
period 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries researched in the region comprise:
•
The United Kingdom
•
Germany
•
France
•
Spain
•
Italy
• The
Netherlands
•
Rest of Europe
Germany
captures the highest shares in the microgrid market. Several prominent factors are fueling the
market’s growth in the region, including the rising volume of renewable energy
into the grid and the impact of climate. Microgrids are less vulnerable to
attacks due to their decentralized structure. Additionally, several nations
have increased the establishment of EV charging stations that rely on
microgrids for efficient functions. Therefore, as stated above, these factors
are expected to contribute to the market’s growth across the region.
In Germany, various microgrid businesses strive
to reform communities by introducing cutting-edge technologies promoting
renewable energy use. Besides this, citizens opt for solar panels, which is
expected to increase the demand for microgrids. Along with this, initiatives by
companies are expected to augment microgrid deployment. For instance, Aral AG
established a microgrid-powered mobility hub with over 2,400 outlets. This hub
hosts electric charging stations that act as multipurpose fueling stations.
Such developments are estimated to supplement the microgrid market’s expansion.
In the United Kingdom, the power plant failures
in 2019 raised concerns pertaining to the grid’s ability to adjust to energy
demands. This has made microgrids a beneficial solution as they help reduce
carbon emission, boost resilience, and create additional revenue streams. In
this regard, the UK Power Networks Services manages every aspect of microgrids,
including project conception, financing, construction, operations, and
maintenance. Hence, the rising government focus on grid management is likely to
fuel the studied market’s growth.
In government facilities, microgrids help in a
constant, independent, and reliable supply of energy, making the energy system
more efficient and secure. This has influenced several governments to deploy
microgrids for critical services buildings for security purposes. The studied market is studied based on
industrial vertical, utilization type, connectivity, and component. The
industrial vertical is sectioned into government & utilities, healthcare,
commercial & industrial, military & defense, educational institutions,
and other industry verticals.
Some
notable companies thriving in the market comprise Schneider Electric, National
Grid Plc, Fairbanks Morse, Exelon Corporation, Siemens AG, and S&C Electric
Company.
Schneider Electric specializes in the digital
transformation of energy management and automation solutions. It operates
through two business segments, namely, industrial automation and power
management. The company offers low-voltage power and building automation
products and solutions, including grid automation. It offers solutions to users
across the oil & gas, electric utilities, and transportation sectors.
Schneider has operations across multiple nations, with headquarters in
Rueil-Malmaison, France.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the microgrid market revenue growth in Europe and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the Europe
microgrid market’s growth during the upcoming years
Want to get specific insights? Our team of analysts
can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
MICROGRID MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE MICROGRID MARKET
2.2. KEY
INSIGHTS
2.2.1. GROWING
USE OF MICROGRIDS IN SOLAR ENERGY
2.2.2. INCREASE
IN SMART CITIES INITIATIVES
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES
2.6.2. COLLABORATIONS
2.6.3. BUSINESS
DIVESTITURES
2.6.4. ACQUISITIONS
2.7. MARKET
DRIVERS
2.7.1. COMBATING
POWER OUTAGES DURING SEVERE WEATHER USING MICROGRIDS
2.7.2. GROWING
ELECTRICITY CONSUMPTION WORLDWIDE
2.8. MARKET
CHALLENGES
2.8.1. HURDLES
POSED BY REGULATORY FRAMEWORK
2.8.2. HIGH
MAINTENANCE AND INSTALLATION OF MICROGRIDS
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
USE OF INTERNET OF THINGS (IoT) IN MICROGRIDS
2.9.2. RISE
IN CLEAN ENERGY INTEGRATION BY GOVERNMENT AND PRIVATE SECTOR
3. EUROPE
MICROGRID MARKET OUTLOOK - BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. EUROPE
MICROGRID MARKET OUTLOOK - BY COMPONENT
4.1. HARDWARE
4.1.1. POWER
GENERATORS
4.1.2. ENERGY
STORAGE
4.1.3. CONTROLLERS
4.2. SOFTWARE
4.3. SERVICES
5. EUROPE
MICROGRID MARKET OUTLOOK - BY CONNECTIVITY
5.1. GRID
CONNECTED
5.2. ISLAND
GRID
6. EUROPE
MICROGRID MARKET OUTLOOK - BY INDUSTRY VERTICAL
6.1. COMMERCIAL
& INDUSTRIAL
6.2. HEALTHCARE
6.3. EDUCATIONAL
INSTITUTIONS
6.4. MILITARY
& DEFENSE
6.5. GOVERNMENT
& UTILITIES
6.6. OTHER
INDUSTRY VERTICALS
7. EUROPE
MICROGRID MARKET – COUNTRY OUTLOOK
7.1. UNITED
KINGDOM
7.2. GERMANY
7.3. FRANCE
7.4. ITALY
7.5. SPAIN
7.6. THE NETHERLANDS
7.7. REST
OF EUROPE
8. COMPETITIVE
LANDSCAPE
8.1. HITACHI
LTD
8.2. SCHNEIDER
ELECTRIC
8.3. DUKE
ENERGY CORPORATION
8.4. EXELON
CORPORATION
8.5. SIEMENS
AG
8.6. FAIRBANKS
MORSE
8.7. NATIONAL
GRID PLC
8.8. S&C
ELECTRIC COMPANY
8.9. BLOOM
ENERGY
8.10. CUMMINS
INC
8.11. FUELCELL
ENERGY INC
8.12. GENERAL
ELECTRIC COMPANY
8.13. POWER
ENGINEERS INCORPORATED
8.14. NRG
ENERGY INC
8.15. EATON
CORPORATION PLC
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE MICROGRID MARKET,
BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF
COLLABORATIONS
TABLE 5: LIST OF BUSINESS
DIVESTITURES
TABLE 6: LIST OF ACQUISITIONS
TABLE 7: EUROPE MICROGRID
MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: EUROPE MICROGRID
MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE MICROGRID
MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE MICROGRID
MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE MICROGRID
MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE MICROGRID
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, IN 2018-2020
FIGURE
2: MARKET ATTRACTIVENESS INDEX
FIGURE
3: EUROPE MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE
4: EUROPE MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE
5: EUROPE MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE
6: EUROPE MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE
7: EUROPE MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE
8: EUROPE MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE
9: EUROPE MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE
10: EUROPE MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE
11: EUROPE MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE
12: EUROPE MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE
13: EUROPE MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE
14: EUROPE MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE
15: EUROPE MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE
16: EUROPE MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE
17: EUROPE MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE
18: EUROPE MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE
19: EUROPE MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $
MILLION)
FIGURE
20: EUROPE MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE
21: EUROPE MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $
MILLION)
FIGURE
22: EUROPE MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $
MILLION)
FIGURE
23: EUROPE MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $
MILLION)
FIGURE
24: EUROPE MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $
MILLION)
FIGURE
25: EUROPE MICROGRID MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE
26: UNITED KINGDOM MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE
27: GERMANY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE
28: FRANCE MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE
29: ITALY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE
30: SPAIN MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE
31: THE NETHERLANDS MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE
32: REST OF EUROPE MICROGRID MARKET 2022-2028 (IN $ MILLION)