EUROPE MICROGRID MARKET 2022-2028

Energy, Power & Utilities | Utilities

EUROPE MICROGRID MARKET 2022-2028

Market by Utilization Type, Component, Connectivity, Industry Vertical, and Country Outlook | Forecast 2022-2028

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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.


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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

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Table of Content

1. 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    

List of Tables

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)                   

List of Figures

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)

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