Global Grid-connected Microgrid Supply, Demand and Key Producers, 2023-2029

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Published Date: 22 Apr 2023

Category: Energy & Power

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

Description

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

The grid-connected microgrid includes multiple generators, power distribution systems, and complex controls. The main grid acts as the main power source for the grid-connected microgrid. These microgrids rely on the main grid for power balance and energy backup. Grid-connected microgrids generally have higher reliability than remote / island microgrids due to their connection to the main grid. The growth of the grid-connected microgrid market can be attributed to the expansion of utility-based grid networks and the large-scale use of renewable energy sources (such as offshore wind energy). Grid-connected microgrids can provide grid flexibility and improve quality. Their impact on the environment is small, thus driving demand for clean energy.

This report studies the global Grid-connected Microgrid demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Grid-connected 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 Grid-connected Microgrid that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Grid-connected Microgrid total market, 2018-2029, (USD Million)
Global Grid-connected Microgrid total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Grid-connected Microgrid total market, key domestic companies and share, (USD Million)
Global Grid-connected Microgrid revenue by player and market share 2018-2023, (USD Million)
Global Grid-connected Microgrid total market by Type, CAGR, 2018-2029, (USD Million)
Global Grid-connected Microgrid total market by Application, CAGR, 2018-2029, (USD Million)
This reports profiles major players in the global Grid-connected 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, General Electric Company, Siemens AG, Eaton Corporation, Schneider Electric, Honeywell International, HOMER Energy LLC and Power Analytics Corporation, 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 Grid-connected 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 Grid-connected Microgrid Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Grid-connected Microgrid Market, Segmentation by Type
AC Microgrid
DC Microgrid
Hybrid Microgrid

Global Grid-connected Microgrid Market, Segmentation by Application
Commercial and Industrial
Government
Military
Healthcare

Companies Profiled:
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation

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

Table of Contents

1 Supply Summary
    1.1 Grid-connected Microgrid Introduction
    1.2 World Grid-connected Microgrid Market Size & Forecast (2018 & 2022 & 2029)
    1.3 World Grid-connected Microgrid Total Market by Region (by Headquarter Location)
        1.3.1 World Grid-connected Microgrid Market Size by Region (2018-2029), (by Headquarter Location)
        1.3.2 United States Grid-connected Microgrid Market Size (2018-2029)
        1.3.3 China Grid-connected Microgrid Market Size (2018-2029)
        1.3.4 Europe Grid-connected Microgrid Market Size (2018-2029)
        1.3.5 Japan Grid-connected Microgrid Market Size (2018-2029)
        1.3.6 South Korea Grid-connected Microgrid Market Size (2018-2029)
        1.3.7 ASEAN Grid-connected Microgrid Market Size (2018-2029)
        1.3.8 India Grid-connected Microgrid Market Size (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Grid-connected Microgrid Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Grid-connected 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 Grid-connected Microgrid Consumption Value (2018-2029)
    2.2 World Grid-connected Microgrid Consumption Value by Region
        2.2.1 World Grid-connected Microgrid Consumption Value by Region (2018-2023)
        2.2.2 World Grid-connected Microgrid Consumption Value Forecast by Region (2024-2029)
    2.3 United States Grid-connected Microgrid Consumption Value (2018-2029)
    2.4 China Grid-connected Microgrid Consumption Value (2018-2029)
    2.5 Europe Grid-connected Microgrid Consumption Value (2018-2029)
    2.6 Japan Grid-connected Microgrid Consumption Value (2018-2029)
    2.7 South Korea Grid-connected Microgrid Consumption Value (2018-2029)
    2.8 ASEAN Grid-connected Microgrid Consumption Value (2018-2029)
    2.9 India Grid-connected Microgrid Consumption Value (2018-2029)

3 World Grid-connected Microgrid Companies Competitive Analysis
    3.1 World Grid-connected Microgrid Revenue by Player (2018-2023)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Grid-connected Microgrid Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Grid-connected Microgrid in 2022
        3.2.3 Global Concentration Ratios (CR8) for Grid-connected Microgrid in 2022
    3.3 Grid-connected Microgrid Company Evaluation Quadrant
    3.4 Grid-connected Microgrid Market: Overall Company Footprint Analysis
        3.4.1 Grid-connected Microgrid Market: Region Footprint
        3.4.2 Grid-connected Microgrid Market: Company Product Type Footprint
        3.4.3 Grid-connected 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: Grid-connected Microgrid Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Grid-connected Microgrid Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
        4.1.2 United States VS China: Grid-connected Microgrid Revenue Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States Based Companies VS China Based Companies: Grid-connected Microgrid Consumption Value Comparison
        4.2.1 United States VS China: Grid-connected Microgrid Consumption Value Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Grid-connected Microgrid Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States Based Grid-connected Microgrid Companies and Market Share, 2018-2023
        4.3.1 United States Based Grid-connected Microgrid Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Grid-connected Microgrid Revenue, (2018-2023)
    4.4 China Based Companies Grid-connected Microgrid Revenue and Market Share, 2018-2023
        4.4.1 China Based Grid-connected Microgrid Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Grid-connected Microgrid Revenue, (2018-2023)
    4.5 Rest of World Based Grid-connected Microgrid Companies and Market Share, 2018-2023
        4.5.1 Rest of World Based Grid-connected Microgrid Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Grid-connected Microgrid Revenue, (2018-2023)

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

6 Market Analysis by Application
    6.1 World Grid-connected Microgrid Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Commercial and Industrial
        6.2.2 Government
        6.2.3 Military
        6.2.4 Healthcare
        6.2.5 Healthcare
    6.3 Market Segment by Application
        6.3.1 World Grid-connected Microgrid Market Size by Application (2018-2023)
        6.3.2 World Grid-connected Microgrid Market Size by Application (2024-2029)
        6.3.3 World Grid-connected 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 Grid-connected Microgrid Product and Services
        7.1.4 ABB Grid-connected 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 General Electric Company
        7.2.1 General Electric Company Details
        7.2.2 General Electric Company Major Business
        7.2.3 General Electric Company Grid-connected Microgrid Product and Services
        7.2.4 General Electric Company Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.2.5 General Electric Company Recent Developments/Updates
        7.2.6 General Electric Company Competitive Strengths & Weaknesses
    7.3 Siemens AG
        7.3.1 Siemens AG Details
        7.3.2 Siemens AG Major Business
        7.3.3 Siemens AG Grid-connected Microgrid Product and Services
        7.3.4 Siemens AG Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.3.5 Siemens AG Recent Developments/Updates
        7.3.6 Siemens AG Competitive Strengths & Weaknesses
    7.4 Eaton Corporation
        7.4.1 Eaton Corporation Details
        7.4.2 Eaton Corporation Major Business
        7.4.3 Eaton Corporation Grid-connected Microgrid Product and Services
        7.4.4 Eaton Corporation Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.4.5 Eaton Corporation Recent Developments/Updates
        7.4.6 Eaton Corporation Competitive Strengths & Weaknesses
    7.5 Schneider Electric
        7.5.1 Schneider Electric Details
        7.5.2 Schneider Electric Major Business
        7.5.3 Schneider Electric Grid-connected Microgrid Product and Services
        7.5.4 Schneider Electric Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.5.5 Schneider Electric Recent Developments/Updates
        7.5.6 Schneider Electric Competitive Strengths & Weaknesses
    7.6 Honeywell International
        7.6.1 Honeywell International Details
        7.6.2 Honeywell International Major Business
        7.6.3 Honeywell International Grid-connected Microgrid Product and Services
        7.6.4 Honeywell International Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.6.5 Honeywell International Recent Developments/Updates
        7.6.6 Honeywell International Competitive Strengths & Weaknesses
    7.7 HOMER Energy LLC
        7.7.1 HOMER Energy LLC Details
        7.7.2 HOMER Energy LLC Major Business
        7.7.3 HOMER Energy LLC Grid-connected Microgrid Product and Services
        7.7.4 HOMER Energy LLC Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.7.5 HOMER Energy LLC Recent Developments/Updates
        7.7.6 HOMER Energy LLC Competitive Strengths & Weaknesses
    7.8 Power Analytics Corporation
        7.8.1 Power Analytics Corporation Details
        7.8.2 Power Analytics Corporation Major Business
        7.8.3 Power Analytics Corporation Grid-connected Microgrid Product and Services
        7.8.4 Power Analytics Corporation Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023)
        7.8.5 Power Analytics Corporation Recent Developments/Updates
        7.8.6 Power Analytics Corporation Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Grid-connected Microgrid Industry Chain
    8.2 Grid-connected Microgrid Upstream Analysis
    8.3 Grid-connected Microgrid Midstream Analysis
    8.4 Grid-connected 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 Grid-connected Microgrid Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
    Table 2. World Grid-connected Microgrid Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
    Table 3. World Grid-connected Microgrid Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
    Table 4. World Grid-connected Microgrid Revenue Market Share by Region (2018-2023), (by Headquarter Location)
    Table 5. World Grid-connected Microgrid Revenue Market Share by Region (2024-2029), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Grid-connected Microgrid Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
    Table 8. World Grid-connected Microgrid Consumption Value by Region (2018-2023) & (USD Million)
    Table 9. World Grid-connected Microgrid Consumption Value Forecast by Region (2024-2029) & (USD Million)
    Table 10. World Grid-connected Microgrid Revenue by Player (2018-2023) & (USD Million)
    Table 11. Revenue Market Share of Key Grid-connected Microgrid Players in 2022
    Table 12. World Grid-connected Microgrid Industry Rank of Major Player, Based on Revenue in 2022
    Table 13. Global Grid-connected Microgrid Company Evaluation Quadrant
    Table 14. Head Office of Key Grid-connected Microgrid Player
    Table 15. Grid-connected Microgrid Market: Company Product Type Footprint
    Table 16. Grid-connected Microgrid Market: Company Product Application Footprint
    Table 17. Grid-connected Microgrid Mergers & Acquisitions Activity
    Table 18. United States VS China Grid-connected Microgrid Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 19. United States VS China Grid-connected Microgrid Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 20. United States Based Grid-connected Microgrid Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Grid-connected Microgrid Revenue, (2018-2023) & (USD Million)
    Table 22. United States Based Companies Grid-connected Microgrid Revenue Market Share (2018-2023)
    Table 23. China Based Grid-connected Microgrid Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Grid-connected Microgrid Revenue, (2018-2023) & (USD Million)
    Table 25. China Based Companies Grid-connected Microgrid Revenue Market Share (2018-2023)
    Table 26. Rest of World Based Grid-connected Microgrid Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Grid-connected Microgrid Revenue, (2018-2023) & (USD Million)
    Table 28. Rest of World Based Companies Grid-connected Microgrid Revenue Market Share (2018-2023)
    Table 29. World Grid-connected Microgrid Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Table 30. World Grid-connected Microgrid Market Size by Type (2018-2023) & (USD Million)
    Table 31. World Grid-connected Microgrid Market Size by Type (2024-2029) & (USD Million)
    Table 32. World Grid-connected Microgrid Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Table 33. World Grid-connected Microgrid Market Size by Application (2018-2023) & (USD Million)
    Table 34. World Grid-connected 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 Grid-connected Microgrid Product and Services
    Table 38. ABB Grid-connected 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. General Electric Company Basic Information, Area Served and Competitors
    Table 42. General Electric Company Major Business
    Table 43. General Electric Company Grid-connected Microgrid Product and Services
    Table 44. General Electric Company Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 45. General Electric Company Recent Developments/Updates
    Table 46. General Electric Company Competitive Strengths & Weaknesses
    Table 47. Siemens AG Basic Information, Area Served and Competitors
    Table 48. Siemens AG Major Business
    Table 49. Siemens AG Grid-connected Microgrid Product and Services
    Table 50. Siemens AG Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 51. Siemens AG Recent Developments/Updates
    Table 52. Siemens AG Competitive Strengths & Weaknesses
    Table 53. Eaton Corporation Basic Information, Area Served and Competitors
    Table 54. Eaton Corporation Major Business
    Table 55. Eaton Corporation Grid-connected Microgrid Product and Services
    Table 56. Eaton Corporation Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 57. Eaton Corporation Recent Developments/Updates
    Table 58. Eaton Corporation Competitive Strengths & Weaknesses
    Table 59. Schneider Electric Basic Information, Area Served and Competitors
    Table 60. Schneider Electric Major Business
    Table 61. Schneider Electric Grid-connected Microgrid Product and Services
    Table 62. Schneider Electric Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 63. Schneider Electric Recent Developments/Updates
    Table 64. Schneider Electric Competitive Strengths & Weaknesses
    Table 65. Honeywell International Basic Information, Area Served and Competitors
    Table 66. Honeywell International Major Business
    Table 67. Honeywell International Grid-connected Microgrid Product and Services
    Table 68. Honeywell International Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 69. Honeywell International Recent Developments/Updates
    Table 70. Honeywell International Competitive Strengths & Weaknesses
    Table 71. HOMER Energy LLC Basic Information, Area Served and Competitors
    Table 72. HOMER Energy LLC Major Business
    Table 73. HOMER Energy LLC Grid-connected Microgrid Product and Services
    Table 74. HOMER Energy LLC Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 75. HOMER Energy LLC Recent Developments/Updates
    Table 76. Power Analytics Corporation Basic Information, Area Served and Competitors
    Table 77. Power Analytics Corporation Major Business
    Table 78. Power Analytics Corporation Grid-connected Microgrid Product and Services
    Table 79. Power Analytics Corporation Grid-connected Microgrid Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 80. Global Key Players of Grid-connected Microgrid Upstream (Raw Materials)
    Table 81. Grid-connected Microgrid Typical Customers
List of Figure
    Figure 1. Grid-connected Microgrid Picture
    Figure 2. World Grid-connected Microgrid Total Market Size: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Grid-connected Microgrid Total Market Size (2018-2029) & (USD Million)
    Figure 4. World Grid-connected Microgrid Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
    Figure 5. World Grid-connected Microgrid Revenue Market Share by Region (2018-2029), (by Headquarter Location)
    Figure 6. United States Based Company Grid-connected Microgrid Revenue (2018-2029) & (USD Million)
    Figure 7. China Based Company Grid-connected Microgrid Revenue (2018-2029) & (USD Million)
    Figure 8. Europe Based Company Grid-connected Microgrid Revenue (2018-2029) & (USD Million)
    Figure 9. Japan Based Company Grid-connected Microgrid Revenue (2018-2029) & (USD Million)
    Figure 10. South Korea Based Company Grid-connected Microgrid Revenue (2018-2029) & (USD Million)
    Figure 11. ASEAN Based Company Grid-connected Microgrid Revenue (2018-2029) & (USD Million)
    Figure 12. India Based Company Grid-connected Microgrid Revenue (2018-2029) & (USD Million)
    Figure 13. Grid-connected Microgrid Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 16. World Grid-connected Microgrid Consumption Value Market Share by Region (2018-2029)
    Figure 17. United States Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 18. China Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 19. Europe Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 20. Japan Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 21. South Korea Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 22. ASEAN Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 23. India Grid-connected Microgrid Consumption Value (2018-2029) & (USD Million)
    Figure 24. Producer Shipments of Grid-connected Microgrid by Player Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Grid-connected Microgrid Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Grid-connected Microgrid Markets in 2022
    Figure 27. United States VS China: Grid-connected Microgrid Revenue Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Grid-connected Microgrid Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. World Grid-connected Microgrid Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Figure 30. World Grid-connected Microgrid Market Size Market Share by Type in 2022
    Figure 31. AC Microgrid
    Figure 32. DC Microgrid
    Figure 33. Hybrid Microgrid
    Figure 34. World Grid-connected Microgrid Market Size Market Share by Type (2018-2029)
    Figure 35. World Grid-connected Microgrid Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Figure 36. World Grid-connected Microgrid Market Size Market Share by Application in 2022
    Figure 37. Commercial and Industrial
    Figure 38. Government
    Figure 39. Military
    Figure 40. Healthcare
    Figure 41. Grid-connected 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.

Companies Mentioned

ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation

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According to our (Global Info Research) latest study, the global Grid-connected Microgrid market size was valued at USD 15720 million in 2023 and is forecast to a readjusted size of USD 37690 million by 2030 with a CAGR of 13.3% during review period.

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