Global Independent Microgrid Supply, Demand and Key Producers, 2023-2029

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Published Date: 08 Feb 2023

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Description
Table of Contents
Table of Figures
Research Methodology
Related Reports
Product Tags

Description

The global Independent Microgrid market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

This report studies the global Independent Microgrid demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Independent Microgrid, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Independent Microgrid that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Independent Microgrid total market, 2018-2029, (USD Million)
Global Independent Microgrid total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Independent Microgrid total market, key domestic companies and share, (USD Million)
Global Independent Microgrid revenue by player and market share 2018-2023, (USD Million)
Global Independent Microgrid total market by Type, CAGR, 2018-2029, (USD Million)
Global Independent Microgrid total market by Application, CAGR, 2018-2029, (USD Million)
This reports profiles major players in the global Independent Microgrid market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, NEC, Aquion Energy, Echelon, Raytheon, S&C Electric Co, Eaton Corporation, Sunverge Energy and Siemens, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Independent Microgrid market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Independent Microgrid Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Independent Microgrid Market, Segmentation by Type
    DC Microgrid
    AC Microgrid

Global Independent Microgrid Market, Segmentation by Application
    Commercial/Industrial Microgrid
    Community/Utility Microgrid
    Campus/Institutional Microgrid
    Military Microgrid
    Remote Microgrid

Companies Profiled:
    ABB
    NEC
    Aquion Energy
    Echelon
    Raytheon
    S&C Electric Co
    Eaton Corporation
    Sunverge Energy
    Siemens
    Toshiba
    General Microgrids
    Lockheed Martin

Key Questions Answered
1. How big is the global Independent Microgrid market?
2. What is the demand of the global Independent Microgrid market?
3. What is the year over year growth of the global Independent Microgrid market?
4. What is the total value of the global Independent Microgrid market?
5. Who are the major players in the global Independent Microgrid market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Independent Microgrid Introduction
    1.2 World Independent Microgrid Market Size & Forecast (2018 & 2022 & 2029)
    1.3 World Independent Microgrid Total Market by Region (by Headquarter Location)
        1.3.1 World Independent Microgrid Market Size by Region (2018-2029), (by Headquarter Location)
        1.3.2 United States Independent Microgrid Market Size (2018-2029)
        1.3.3 China Independent Microgrid Market Size (2018-2029)
        1.3.4 Europe Independent Microgrid Market Size (2018-2029)
        1.3.5 Japan Independent Microgrid Market Size (2018-2029)
        1.3.6 South Korea Independent Microgrid Market Size (2018-2029)
        1.3.7 ASEAN Independent Microgrid Market Size (2018-2029)
        1.3.8 India Independent Microgrid Market Size (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Independent Microgrid Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Independent Microgrid Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

2 Demand Summary
    2.1 World Independent Microgrid Consumption Value (2018-2029)
    2.2 World Independent Microgrid Consumption Value by Region
        2.2.1 World Independent Microgrid Consumption Value by Region (2018-2023)
        2.2.2 World Independent Microgrid Consumption Value Forecast by Region (2024-2029)
    2.3 United States Independent Microgrid Consumption Value (2018-2029)
    2.4 China Independent Microgrid Consumption Value (2018-2029)
    2.5 Europe Independent Microgrid Consumption Value (2018-2029)
    2.6 Japan Independent Microgrid Consumption Value (2018-2029)
    2.7 South Korea Independent Microgrid Consumption Value (2018-2029)
    2.8 ASEAN Independent Microgrid Consumption Value (2018-2029)
    2.9 India Independent Microgrid Consumption Value (2018-2029)

3 World Independent Microgrid Companies Competitive Analysis
    3.1 World Independent Microgrid Revenue by Player (2018-2023)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Independent Microgrid Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Independent Microgrid in 2022
        3.2.3 Global Concentration Ratios (CR8) for Independent Microgrid in 2022
    3.3 Independent Microgrid Company Evaluation Quadrant
    3.4 Independent Microgrid Market: Overall Company Footprint Analysis
        3.4.1 Independent Microgrid Market: Region Footprint
        3.4.2 Independent Microgrid Market: Company Product Type Footprint
        3.4.3 Independent Microgrid Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Independent Microgrid Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Independent Microgrid Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
        4.1.2 United States VS China: Independent Microgrid Revenue Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States Based Companies VS China Based Companies: Independent Microgrid Consumption Value Comparison
        4.2.1 United States VS China: Independent Microgrid Consumption Value Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Independent Microgrid Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States Based Independent Microgrid Companies and Market Share, 2018-2023
        4.3.1 United States Based Independent Microgrid Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Independent Microgrid Revenue, (2018-2023)
    4.4 China Based Companies Independent Microgrid Revenue and Market Share, 2018-2023
        4.4.1 China Based Independent Microgrid Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Independent Microgrid Revenue, (2018-2023)
    4.5 Rest of World Based Independent Microgrid Companies and Market Share, 2018-2023
        4.5.1 Rest of World Based Independent Microgrid Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Independent Microgrid Revenue, (2018-2023)

5 Market Analysis by Type
    5.1 World Independent Microgrid Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 DC Microgrid
        5.2.2 AC Microgrid
    5.3 Market Segment by Type
        5.3.1 World Independent Microgrid Market Size by Type (2018-2023)
        5.3.2 World Independent Microgrid Market Size by Type (2024-2029)
        5.3.3 World Independent Microgrid Market Size Market Share by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Independent Microgrid Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Commercial/Industrial Microgrid
        6.2.2 Community/Utility Microgrid
        6.2.3 Campus/Institutional Microgrid
        6.2.4 Military Microgrid
        6.2.5 Military Microgrid
    6.3 Market Segment by Application
        6.3.1 World Independent Microgrid Market Size by Application (2018-2023)
        6.3.2 World Independent Microgrid Market Size by Application (2024-2029)
        6.3.3 World Independent Microgrid Market Size by Application (2018-2029)

7 Company Profiles
    7.1 ABB
        7.1.1 ABB Details
        7.1.2 ABB Major Business
        7.1.3 ABB Independent Microgrid Product and Services
        7.1.4 ABB Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.1.5 ABB Recent Developments/Updates
        7.1.6 ABB Competitive Strengths & Weaknesses
    7.2 NEC
        7.2.1 NEC Details
        7.2.2 NEC Major Business
        7.2.3 NEC Independent Microgrid Product and Services
        7.2.4 NEC Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.2.5 NEC Recent Developments/Updates
        7.2.6 NEC Competitive Strengths & Weaknesses
    7.3 Aquion Energy
        7.3.1 Aquion Energy Details
        7.3.2 Aquion Energy Major Business
        7.3.3 Aquion Energy Independent Microgrid Product and Services
        7.3.4 Aquion Energy Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.3.5 Aquion Energy Recent Developments/Updates
        7.3.6 Aquion Energy Competitive Strengths & Weaknesses
    7.4 Echelon
        7.4.1 Echelon Details
        7.4.2 Echelon Major Business
        7.4.3 Echelon Independent Microgrid Product and Services
        7.4.4 Echelon Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.4.5 Echelon Recent Developments/Updates
        7.4.6 Echelon Competitive Strengths & Weaknesses
    7.5 Raytheon
        7.5.1 Raytheon Details
        7.5.2 Raytheon Major Business
        7.5.3 Raytheon Independent Microgrid Product and Services
        7.5.4 Raytheon Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.5.5 Raytheon Recent Developments/Updates
        7.5.6 Raytheon Competitive Strengths & Weaknesses
    7.6 S&C Electric Co
        7.6.1 S&C Electric Co Details
        7.6.2 S&C Electric Co Major Business
        7.6.3 S&C Electric Co Independent Microgrid Product and Services
        7.6.4 S&C Electric Co Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.6.5 S&C Electric Co Recent Developments/Updates
        7.6.6 S&C Electric Co Competitive Strengths & Weaknesses
    7.7 Eaton Corporation
        7.7.1 Eaton Corporation Details
        7.7.2 Eaton Corporation Major Business
        7.7.3 Eaton Corporation Independent Microgrid Product and Services
        7.7.4 Eaton Corporation Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.7.5 Eaton Corporation Recent Developments/Updates
        7.7.6 Eaton Corporation Competitive Strengths & Weaknesses
    7.8 Sunverge Energy
        7.8.1 Sunverge Energy Details
        7.8.2 Sunverge Energy Major Business
        7.8.3 Sunverge Energy Independent Microgrid Product and Services
        7.8.4 Sunverge Energy Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.8.5 Sunverge Energy Recent Developments/Updates
        7.8.6 Sunverge Energy Competitive Strengths & Weaknesses
    7.9 Siemens
        7.9.1 Siemens Details
        7.9.2 Siemens Major Business
        7.9.3 Siemens Independent Microgrid Product and Services
        7.9.4 Siemens Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.9.5 Siemens Recent Developments/Updates
        7.9.6 Siemens Competitive Strengths & Weaknesses
    7.10 Toshiba
        7.10.1 Toshiba Details
        7.10.2 Toshiba Major Business
        7.10.3 Toshiba Independent Microgrid Product and Services
        7.10.4 Toshiba Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.10.5 Toshiba Recent Developments/Updates
        7.10.6 Toshiba Competitive Strengths & Weaknesses
    7.11 General Microgrids
        7.11.1 General Microgrids Details
        7.11.2 General Microgrids Major Business
        7.11.3 General Microgrids Independent Microgrid Product and Services
        7.11.4 General Microgrids Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.11.5 General Microgrids Recent Developments/Updates
        7.11.6 General Microgrids Competitive Strengths & Weaknesses
    7.12 Lockheed Martin
        7.12.1 Lockheed Martin Details
        7.12.2 Lockheed Martin Major Business
        7.12.3 Lockheed Martin Independent Microgrid Product and Services
        7.12.4 Lockheed Martin Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.12.5 Lockheed Martin Recent Developments/Updates
        7.12.6 Lockheed Martin Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Independent Microgrid Industry Chain
    8.2 Independent Microgrid Upstream Analysis
    8.3 Independent Microgrid Midstream Analysis
    8.4 Independent Microgrid Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Independent Microgrid Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
    Table 2. World Independent Microgrid Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
    Table 3. World Independent Microgrid Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
    Table 4. World Independent Microgrid Revenue Market Share by Region (2018-2023), (by Headquarter Location)
    Table 5. World Independent Microgrid Revenue Market Share by Region (2024-2029), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Independent Microgrid Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
    Table 8. World Independent Microgrid Consumption Value by Region (2018-2023) & (USD Million)
    Table 9. World Independent Microgrid Consumption Value Forecast by Region (2024-2029) & (USD Million)
    Table 10. World Independent Microgrid Revenue by Player (2018-2023) & (USD Million)
    Table 11. Revenue Market Share of Key Independent Microgrid Players in 2022
    Table 12. World Independent Microgrid Industry Rank of Major Player, Based on Revenue in 2022
    Table 13. Global Independent Microgrid Company Evaluation Quadrant
    Table 14. Head Office of Key Independent Microgrid Player
    Table 15. Independent Microgrid Market: Company Product Type Footprint
    Table 16. Independent Microgrid Market: Company Product Application Footprint
    Table 17. Independent Microgrid Mergers & Acquisitions Activity
    Table 18. United States VS China Independent Microgrid Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 19. United States VS China Independent Microgrid Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 20. United States Based Independent Microgrid Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Independent Microgrid Revenue, (2018-2023) & (USD Million)
    Table 22. United States Based Companies Independent Microgrid Revenue Market Share (2018-2023)
    Table 23. China Based Independent Microgrid Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Independent Microgrid Revenue, (2018-2023) & (USD Million)
    Table 25. China Based Companies Independent Microgrid Revenue Market Share (2018-2023)
    Table 26. Rest of World Based Independent Microgrid Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Independent Microgrid Revenue, (2018-2023) & (USD Million)
    Table 28. Rest of World Based Companies Independent Microgrid Revenue Market Share (2018-2023)
    Table 29. World Independent Microgrid Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Table 30. World Independent Microgrid Market Size by Type (2018-2023) & (USD Million)
    Table 31. World Independent Microgrid Market Size by Type (2024-2029) & (USD Million)
    Table 32. World Independent Microgrid Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Table 33. World Independent Microgrid Market Size by Application (2018-2023) & (USD Million)
    Table 34. World Independent Microgrid Market Size by Application (2024-2029) & (USD Million)
    Table 35. ABB Basic Information, Area Served and Competitors
    Table 36. ABB Major Business
    Table 37. ABB Independent Microgrid Product and Services
    Table 38. ABB Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 39. ABB Recent Developments/Updates
    Table 40. ABB Competitive Strengths & Weaknesses
    Table 41. NEC Basic Information, Area Served and Competitors
    Table 42. NEC Major Business
    Table 43. NEC Independent Microgrid Product and Services
    Table 44. NEC Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 45. NEC Recent Developments/Updates
    Table 46. NEC Competitive Strengths & Weaknesses
    Table 47. Aquion Energy Basic Information, Area Served and Competitors
    Table 48. Aquion Energy Major Business
    Table 49. Aquion Energy Independent Microgrid Product and Services
    Table 50. Aquion Energy Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 51. Aquion Energy Recent Developments/Updates
    Table 52. Aquion Energy Competitive Strengths & Weaknesses
    Table 53. Echelon Basic Information, Area Served and Competitors
    Table 54. Echelon Major Business
    Table 55. Echelon Independent Microgrid Product and Services
    Table 56. Echelon Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 57. Echelon Recent Developments/Updates
    Table 58. Echelon Competitive Strengths & Weaknesses
    Table 59. Raytheon Basic Information, Area Served and Competitors
    Table 60. Raytheon Major Business
    Table 61. Raytheon Independent Microgrid Product and Services
    Table 62. Raytheon Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 63. Raytheon Recent Developments/Updates
    Table 64. Raytheon Competitive Strengths & Weaknesses
    Table 65. S&C Electric Co Basic Information, Area Served and Competitors
    Table 66. S&C Electric Co Major Business
    Table 67. S&C Electric Co Independent Microgrid Product and Services
    Table 68. S&C Electric Co Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 69. S&C Electric Co Recent Developments/Updates
    Table 70. S&C Electric Co Competitive Strengths & Weaknesses
    Table 71. Eaton Corporation Basic Information, Area Served and Competitors
    Table 72. Eaton Corporation Major Business
    Table 73. Eaton Corporation Independent Microgrid Product and Services
    Table 74. Eaton Corporation Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 75. Eaton Corporation Recent Developments/Updates
    Table 76. Eaton Corporation Competitive Strengths & Weaknesses
    Table 77. Sunverge Energy Basic Information, Area Served and Competitors
    Table 78. Sunverge Energy Major Business
    Table 79. Sunverge Energy Independent Microgrid Product and Services
    Table 80. Sunverge Energy Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 81. Sunverge Energy Recent Developments/Updates
    Table 82. Sunverge Energy Competitive Strengths & Weaknesses
    Table 83. Siemens Basic Information, Area Served and Competitors
    Table 84. Siemens Major Business
    Table 85. Siemens Independent Microgrid Product and Services
    Table 86. Siemens Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 87. Siemens Recent Developments/Updates
    Table 88. Siemens Competitive Strengths & Weaknesses
    Table 89. Toshiba Basic Information, Area Served and Competitors
    Table 90. Toshiba Major Business
    Table 91. Toshiba Independent Microgrid Product and Services
    Table 92. Toshiba Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 93. Toshiba Recent Developments/Updates
    Table 94. Toshiba Competitive Strengths & Weaknesses
    Table 95. General Microgrids Basic Information, Area Served and Competitors
    Table 96. General Microgrids Major Business
    Table 97. General Microgrids Independent Microgrid Product and Services
    Table 98. General Microgrids Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 99. General Microgrids Recent Developments/Updates
    Table 100. Lockheed Martin Basic Information, Area Served and Competitors
    Table 101. Lockheed Martin Major Business
    Table 102. Lockheed Martin Independent Microgrid Product and Services
    Table 103. Lockheed Martin Independent Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 104. Global Key Players of Independent Microgrid Upstream (Raw Materials)
    Table 105. Independent Microgrid Typical Customers
List of Figure
    Figure 1. Independent Microgrid Picture
    Figure 2. World Independent Microgrid Total Market Size: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Independent Microgrid Total Market Size (2018-2029) & (USD Million)
    Figure 4. World Independent Microgrid Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
    Figure 5. World Independent Microgrid Revenue Market Share by Region (2018-2029), (by Headquarter Location)
    Figure 6. United States Based Company Independent Microgrid Revenue (2018-2029) & (USD Million)
    Figure 7. China Based Company Independent Microgrid Revenue (2018-2029) & (USD Million)
    Figure 8. Europe Based Company Independent Microgrid Revenue (2018-2029) & (USD Million)
    Figure 9. Japan Based Company Independent Microgrid Revenue (2018-2029) & (USD Million)
    Figure 10. South Korea Based Company Independent Microgrid Revenue (2018-2029) & (USD Million)
    Figure 11. ASEAN Based Company Independent Microgrid Revenue (2018-2029) & (USD Million)
    Figure 12. India Based Company Independent Microgrid Revenue (2018-2029) & (USD Million)
    Figure 13. Independent Microgrid Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 16. World Independent Microgrid Consumption Value Market Share by Region (2018-2029)
    Figure 17. United States Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 18. China Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 19. Europe Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 20. Japan Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 21. South Korea Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 22. ASEAN Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 23. India Independent Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 24. Producer Shipments of Independent Microgrid by Player Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Independent Microgrid Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Independent Microgrid Markets in 2022
    Figure 27. United States VS China: Independent Microgrid Revenue Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Independent Microgrid Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. World Independent Microgrid Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Figure 30. World Independent Microgrid Market Size Market Share by Type in 2022
    Figure 31. DC Microgrid
    Figure 32. AC Microgrid
    Figure 33. World Independent Microgrid Market Size Market Share by Type (2018-2029)
    Figure 34. World Independent Microgrid Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Figure 35. World Independent Microgrid Market Size Market Share by Application in 2022
    Figure 36. Commercial/Industrial Microgrid
    Figure 37. Community/Utility Microgrid
    Figure 38. Campus/Institutional Microgrid
    Figure 39. Military Microgrid
    Figure 40. Remote Microgrid
    Figure 41. Independent Microgrid Industrial Chain
    Figure 42. Methodology
    Figure 43. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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