マイクログリッド市場規模、セグメント分析、2030年までの世界予測

Microgrid Market - Global Forecast To 2030

マイクログリッド市場 - 発電機、エネルギー貯蔵システム、コントローラー、系統連系、オフグリッド、太陽光発電、燃料電池、熱電併給(CHP)、天然ガス、遠隔地、公共施設および軍事施設 - 2030年までの世界予測
Microgrid Market by Power Generator, Energy Storage System, Controller, Grid-connected, Off-grid, Solar PV, Fuel Cell, Combined Heat and Power (CHP), Natural Gas, Remote Area, Utility and Military Facility - Global Forecast to 2030

商品番号 : SMB-4681

出版社MarketsandMarkets
出版年月2025年9月
ページ数338
図表数334
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートでは、マイクログリッド市場をセグメント化し、提供内容、接続性、定格電力、電源、エンドユーザー、地域別に市場規模を予測しています。また、市場の成長に影響を与える推進要因、制約要因、機会、課題についても包括的に分析しています。本レポートは、市場の定量的側面だけでなく、定性的な側面も網羅しています。

本レポートは、市場リーダー/新規参入企業の皆様に、マイクログリッド市場全体および関連セグメントの収益に関する最も近い概算情報を提供する上で役立ちます。また、本レポートは、市場関係者の皆様が競争環境を理解し、市場における自社の地位を強化し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは、市場の動向を把握し、主要な市場牽引要因、制約要因、機会、課題に関する情報を提供する上でも役立ちます。

マイクログリッド市場は、2025年には434.7億米ドル、2030年には951.6億米ドルに達すると予測されており、予測期間中に年平均成長率(CAGR)17.0%を記録します。

世界のマイクログリッド市場を牽引する要因はいくつかあります。回復力と信頼性に優れた電力供給への需要の高まりと、再生可能エネルギー源の統合が相まって、政府、公益事業、産業界は分散型エネルギーソリューションの導入を迫られています。支援的な政策枠組み、地方電化イニシアチブ、そして停電が発生しやすい地域における電力系統の安定性の必要性が、導入をさらに加速させています。エネルギー貯蔵、高度な制御装置、分散型エネルギー資源(DER)管理システムにおける技術の進歩は、マイクログリッドの運用効率、柔軟性、そして拡張性を向上させています。しかしながら、高額な設備投資の必要性、複雑な規制承認、そして多様な技術間の相互運用性の課題が、導入の妨げとなる可能性があります。さらに、一部の新興市場におけるエンドユーザーの認知度が低いこと、そして長期的な経済効果の定量化が難しいことが、依然として大きな障壁となっています。革新的な資金調達モデルと標準化されたフレームワークを通じてこれらの課題を克服することが、持続的な市場拡大にとって重要です。

The microgrid market is projected to be valued at USD 43.47 billion in 2025 and USD 95.16 billion by 2030, recording a CAGR of 17.0% during the forecast period. Several factors are driving the global microgrid market. Rising demand for resilient and reliable power supply, coupled with the integration of renewable energy sources, is prompting governments, utilities, and industries to adopt decentralized energy solutions. Supportive policy frameworks, rural electrification initiatives, and the need for grid stability in regions prone to outages further accelerate deployment. Technological advancements in energy storage, advanced controllers, and distributed energy resource (DER) management systems are enhancing the operational efficiency, flexibility, and scalability of microgrids. However, high capital investment requirements, complex regulatory approvals, and interoperability challenges between diverse technologies can hinder adoption. In addition, limited awareness among end users in certain emerging markets and the difficulty quantifying long-term economic benefits remain key barriers. Overcoming these challenges through innovative financing models and standardized frameworks will be critical for sustained market expansion.

マイクログリッド市場規模、セグメント分析、2030年までの世界予測
micro-grid-electronics-market

“By power source, the fuel cell segment is expected to register the highest CAGR between 2025 and 2030.”

The fuel cell segment of the microgrid market is projected to register the highest CAGR during the forecast period, owing to the rising demand for clean, efficient, and reliable distributed power solutions. Fuel cells are increasingly adopted for microgrid applications due to their ability to provide continuous, low-emission power generation, making them ideal for commercial, industrial, and institutional facilities aiming to meet decarbonization and sustainability goals. Their high efficiency, modular scalability, and capability to operate independently or in conjunction with renewable energy sources position them as a key technology for grid-connected and islanded microgrids. Advancements in hydrogen production, storage, and distribution infrastructure are improving the economic feasibility of fuel cell-based microgrids, while supportive policies and incentives are accelerating deployments, particularly in Asia Pacific, North America, and Europe. Key manufacturers focus on enhancing durability, lowering costs, and integrating fuel cells with advanced energy management systems to maximize performance. As energy transition initiatives gain momentum, fuel cells are expected to be pivotal in shaping next-generation microgrid architectures.

“By power rating, the 1–5 MW segment is projected to account for the largest market share from 2025 to 2030.”

The 1–5 MW segment of the microgrid market is expected to hold the largest market share from 2025 to 2030, supported by its optimal balance between capacity, scalability, and application versatility. Systems within this power range are ideally suited for commercial complexes, industrial facilities, healthcare institutions, educational campuses, and small communities, offering sufficient capacity to meet diverse energy demands while maintaining cost efficiency. Their ability to integrate multiple distributed energy resources, including solar PV, wind, combined heat and power (CHP), fuel cells, and energy storage, enables enhanced reliability, energy cost savings, and resilience against grid disruptions. The 1–5 MW range also meets the growing requirements of facilities aiming for partial grid independence, renewable integration, and peak load management without incurring the high capital costs associated with larger systems. Strong adoption is observed in Asia Pacific, North America, and Europe, driven by regulatory support, renewable energy targets, and advancements in control and automation technologies that optimize microgrid performance within this segment.

マイクログリッド市場規模、セグメント分析、2030年までの世界予測 - 地域
micro-grid-electronics-market-region

“North America is projected to account for the second-largest market share from 2025 to 2030.”

North America is projected to hold the second-largest share of the global microgrid market from 2025 to 2030, driven by increasing demand for resilient and reliable power systems, rising renewable energy integration, and supportive regulatory frameworks. The US and Canada are at the forefront of microgrid adoption, with strong investments from utilities, government agencies, and private enterprises to enhance energy security and reduce carbon emissions. The region’s vulnerability to extreme weather events, such as hurricanes and wildfires, has accelerated deployment in critical facilities, including hospitals, military bases, data centers, and community energy systems. Advancements in control software, energy storage, and hybrid power solutions further boost performance and cost efficiency.

Key players such as Schneider Electric SE (France), General Electric Company (US), and Eaton (Ireland) are actively partnering with regional utilities and municipalities to implement scalable, grid-connected, and islandable microgrid solutions. With robust technological capabilities and supportive policies, North America remains a pivotal market for global microgrid expansion.

The break-up of the profile of primary participants in the microgrid market-

  • By Company Type: Tier 1 – 50%, Tier 2 – 25%, Tier 3 – 25%
  • By Designation: C-level Executives – 40%, Directors – 30%, Others – 30%
  • By Region: North America – 40%, Europe – 25%, Asia Pacific – 20%, RoW – 15%

Note: Other designations include sales, marketing, and product managers.

The three tiers of the companies are based on their total revenues as of 2024: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3: USD 500 million.

The major players in the microgrid market with a significant global presence include Schneider Electric (France), Siemens (Germany), General Electric Company (US), Eaton (Ireland), ABB (Switzerland), and others.

マイクログリッド市場規模、セグメント分析、2030年までの世界予測 - 対象となる企業
micro-grid-electronics-market-ecosystem

Research Coverage

The report segments the microgrid market and forecasts its size by offering, connectivity, power rating, power source, end user, and region. It also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report covers qualitative aspects in addition to quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall microgrid market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.

The report provides insights into the following pointers:

  • Analysis of key drivers (increasing emphasis on decarbonization, growing need for reliable and uninterrupted power supply, surging deployment of microgrids for rural electrification, increasing cyberattacks on energy infrastructure, rising demand for electric vehicle (EV) charging infrastructure, increasing need for demand response and load management capabilities, economic and environmental advantages associated with use of microgrids), restraints ( high installation and maintenance costs, complexities in grid interconnections, low economies of scale), opportunities (increasing number of microgrid projects across different industries and sectors                , growing energy demand and adoption of renewable energy in Asia Pacific, rising interest of investors in energy-as-a-service (EaaS) business model to minimize cost, rising government support for microgrid projects, digitalization and smart grid integration), and challenges (lack of standardization and regulatory frameworks related to microgrid operations, technical challenges related to microgrids operating in island mode,               complexities associated with standardizing scalability of microgrids              , difficulties in planning and designing large-sized microgrids)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches, agreements, partnerships, acquisitions, and contracts in the microgrid market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the microgrid market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the microgrid market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product/service offerings of leading players, including Schneider Electric SE (France), Siemens (Germany), General Electric Company (US), Eaton (Ireland), ABB (Switzerland), Hitachi Energy Ltd (Switzerland), Honeywell International Inc. (US), Caterpillar (US), S&C Electric Company (US), and Tesla (US)

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      28

1.3.2        YEARS CONSIDERED      29

1.3.3        INCLUSIONS AND EXCLUSIONS 29

1.4           CURRENCY CONSIDERED            30

1.5           UNIT CONSIDERED        30

1.6           LIMITATIONS    30

1.7           STAKEHOLDERS               30

1.8           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.1.1        SECONDARY DATA          34

2.1.1.1    List of key secondary sources              34

2.1.1.2    Key data from secondary sources       35

2.1.2        PRIMARY DATA 35

2.1.2.1    List of primary interview participants               36

2.1.2.2    Breakdown of primaries      37

2.1.2.3    Key data from primary sources           37

2.1.2.4    Key industry insights           38

2.1.3        SECONDARY AND PRIMARY RESEARCH 39

2.2           MARKET SIZE ESTIMATION         39

2.2.1        BOTTOM-UP APPROACH              40

2.2.1.1    Approach to arrive at market size using bottom-up analysis

(demand side)       40

2.2.1.2    Demand-side analysis          41

2.2.2        TOP-DOWN APPROACH                42

2.2.2.1    Approach to arrive at market size using top-down analysis

(supply side)         42

2.2.2.2    Supply-side analysis             43

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 44

2.4           FORECAST          45

2.5           RESEARCH ASSUMPTIONS           46

2.6           RISK ANALYSIS  46

3               EXECUTIVE SUMMARY  47

4               PREMIUM INSIGHTS       52

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICROGRID MARKET    52

4.2           MICROGRID MARKET, BY POWER RATING           52

4.3           MICROGRID MARKET, BY POWER SOURCE           53

4.4           MICROGRID MARKET, BY CONNECTIVITY            53

4.5           MICROGRID MARKET, BY OFFERING      54

4.6           MICROGRID MARKET, BY END USER       54

4.7           MICROGRID MARKET, BY REGION           55

4.8           MICROGRID MARKET, BY GEOGRAPHY 55

5               MARKET OVERVIEW       56

5.1           INTRODUCTION              56

5.2           MARKET DYNAMICS       56

5.2.1        DRIVERS               57

5.2.1.1    Accelerating global push toward decarbonization and renewable integration              57

5.2.1.2    Growing focus on resilient power supply amid extreme weather events and grid failures        57

5.2.1.3    Expanding microgrid deployment for rural and remote electrification        58

5.2.1.4    Rising integration of EV charging infrastructure with microgrids                 58

5.2.2        RESTRAINTS      59

5.2.2.1    High capital and lifecycle maintenance costs   59

5.2.2.2    Interconnection complexities and delays in grid synchronization                 60

5.2.2.3    Uncertainty in long-term revenue models and business case viability  60

5.2.3        OPPORTUNITIES              61

5.2.3.1    Implementation of government incentives, policy support, and decentralization mandates  61

5.2.3.2    Advancements in digitalization, smart grid, and AI/Gen AI-powered optimization solutions         62

5.2.4        CHALLENGES    63

5.2.4.1    Absence of unified standards and regulatory frameworks                 63

5.2.4.2    Technical challenges in islanded mode and grid resynchronization 64

5.2.4.3    Growing cybersecurity threats associated with distributed energy systems  64

5.3           SUPPLY CHAIN ANALYSIS             65

5.4           ECOSYSTEM ANALYSIS  67

5.5           PRICING ANALYSIS          70

5.5.1        AVERAGE SELLING PRICE OF MICROGRIDS, BY END USER AND POWER RATING, 2024               70

5.5.2        AVERAGE SELLING PRICE TREND OF UTILITY-BASED MICROGRID PROJECTS, BY REGION, 2021–2024   71

5.6           INVESTMENT AND FUNDING SCENARIO               72

5.7           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            72

5.8           TECHNOLOGY ANALYSIS             73

5.8.1        KEY TECHNOLOGIES     73

5.8.1.1    Blockchain             73

5.8.1.2    Microgrid smart controllers                 74

5.8.1.3    AI/ML-driven control systems           74

5.8.2        COMPLEMENTARY TECHNOLOGIES       74

5.8.2.1    Next-gen battery storage systems      74

5.8.2.2    Advanced solar photovoltaics (PV)   75

5.8.2.3    5G/IoT communication networks     75

5.8.3        ADJACENT TECHNOLOGIES       75

5.8.3.1    Virtual power plants (VPPs)               75

5.8.3.2    Advanced materials for microgrid components                76

5.8.3.3    Digital twin            76

5.9           PORTER’S FIVE FORCES ANALYSIS           76

5.9.1        THREAT OF NEW ENTRANTS      77

5.9.2        THREAT OF SUBSTITUTES          78

5.9.3        BARGAINING POWER OF SUPPLIERS       78

5.9.4        BARGAINING POWER OF BUYERS             79

5.9.5        INTENSITY OF COMPETITIVE RIVALRY 79

5.10         KEY STAKEHOLDERS AND BUYING CRITERIA     80

5.10.1      KEY STAKEHOLDERS IN BUYING PROCESS           80

5.10.2      BUYING CRITERIA           81

5.11         CASE STUDY ANALYSIS 82

5.11.1      SKAGERAK ENERGI LEVERAGES HITACHI ENERGY’S PV TECHNOLOGY TO POWER ODD SOCCER CLUB’S SKAGERAK ARENA IN NORWAY         82

5.11.2      CUMMINS IMPLEMENTS AUSTRALIA’S LARGEST HYBRID RENEWABLE ENERGY MICROGRID AT GOLD FIELDS’ SITE       82

5.11.3      UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY USES GE VERNOVA’S CAMPUS-BASED MICROGRID SYSTEM TO OPTIMIZE GRID OPERATIONS 83

5.11.4      NAVY SHIPYARD PROJECT IN PHILADELPHIA ADOPTS GE VERNOVA’S RESILIENT AND RELIABLE POWER SUPPLY SYSTEMS TO MEET ELECTRICITY NEEDS              83

5.11.5      ACE NATURAL CONTRACTS SOLAR ONE ENERGY FOR HOMER GRID TO MODEL ENERGY COSTS            84

5.11.6      HALF MOON VENTURES TURNS TO S&C ELECTRIC COMPANY FOR EPC SERVICES FOR MICROGRID PROJECT IN OHIO     84

5.11.7      ERGON ENERGY USES S&C ELECTRIC COMPANY’S ENERGY STORAGE SYSTEMS FOR MICROGRIDS TO IMPROVE POWER QUALITY             85

5.11.8      AEG POWER SOLUTIONS PROVIDES GRID-FORMING INVERTER TO MBOGO VALLEY TEA FACTORY FOR UNINTERRUPTED POWER SUPPLY          86

5.11.9      HITACHI ENERGY TRANSFORMS GENERATOR BACKUP SYSTEM INTO INNOVATIVE MICROGRID SOLUTION IN SOUTH AFRICA 86

5.12         TRADE ANALYSIS             87

5.12.1      IMPORT SCENARIO (HS CODE 8501)        87

5.12.2      EXPORT SCENARIO (HS CODE 8501)        88

5.13         PATENT ANALYSIS          89

5.14         KEY CONFERENCES AND EVENTS, 2025–2026        93

5.15         REGULATORY LANDSCAPE         94

5.15.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             94

5.15.2      STANDARDS      96

5.15.3      REGULATIONS  97

5.16         IMPACT OF AI/GEN AI ON MICROGRID MARKET                 99

5.17         IMPACT OF 2025 US TARIFF ON MICROGRID MARKET                 100

5.17.1      INTRODUCTION              100

5.17.2      KEY TARIFF RATES          101

5.17.3      PRICE IMPACT ANALYSIS             101

5.17.4      IMPACT ON COUNTRIES/REGIONS         102

5.17.4.1  US           102

5.17.4.2  Europe   102

5.17.4.3  Asia Pacific            102

5.17.5      IMPACT ON END USERS                103

6               MICROGRID TYPES         104

6.1           INTRODUCTION              104

6.2           AC MICROGRIDS              104

6.3           DC MICROGRIDS              105

6.4           HYBRID MICROGRIDS    105

7               AREAS OF MICROGRID DEPLOYMENT   107

7.1           INTRODUCTION              107

7.2           URBAN/METROPOLITAN             107

7.3           SEMI-URBAN      108

7.4           RURAL/ISLAND 109

8               MICROGRIDS ARCHITECTURE TYPES     110

8.1           INTRODUCTION              110

8.2           TRADITIONAL  110

8.3           MODERN             111

8.4           ADVANCED/NEXT-GENERATION             111

9               MICROGRID MARKET, BY POWER RATING           113

9.1           INTRODUCTION              114

9.2           LESS THAN 1 MW              115

9.2.1        ABILITY TO PROVIDE ELECTRICITY IN REMOTE AREAS AND TEMPORARY CONSTRUCTION SITES TO BOOST SEGMENTAL GROWTH  115

9.3           1–5 MW 116

9.3.1        INTEGRATION WITH RENEWABLE ENERGY TO DELIVER RELIABLE AND SUSTAINABLE ELECTRICITY TO FUEL SEGMENTAL GROWTH  116

9.4           >5–10 MW            117

9.4.1        HIGH ADOPTION IN HOSPITALS, MILITARY BASES, AND DATA CENTERS TO ACCELERATE SEGMENTAL GROWTH                 117

9.5           ABOVE 10 MW   118

9.5.1        ABILITY TO SUPPORT SMART CITY INITIATIVES AND POWER INDUSTRIAL COMPLEXES TO AUGMENT SEGMENTAL GROWTH             118

10            MICROGRID MARKET, BY POWER SOURCE           120

10.1         INTRODUCTION              121

10.2         NATURAL GAS  123

10.2.1      HIGH EMPHASIS ON EFFICIENT POWER GENERATION AND ENHANCING GRID RESILIENCE TO EXPEDITE SEGMENTAL GROWTH             123

10.3         SOLAR PV            124

10.3.1      EMERGENCE AS RELIABLE AND ABUNDANT ENERGY SOURCE TO CONTRIBUTE TO SEGMENTAL GROWTH    124

10.4         COMBINED HEAT AND POWER (CHP)    126

10.4.1      STRONG FOCUS ON ENERGY EFFICIENCY, SUSTAINABILITY, AND RESILIENCE TO BOOST SEGMENTAL GROWTH             126

10.5         DIESEL 128

10.5.1      COMPACT, PORTABLE, AND IDEAL FOR REMOTE/OFF-GRID LOCATIONS TO ACCELERATE SEGMENTAL GROWTH                 128

10.6         FUEL CELL          130

10.6.1      COST-EFFECTIVENESS, RELIABILITY, MODULARITY, AND SCALABILITY FEATURES TO DRIVE MARKET            130

10.7         OTHER POWER SOURCES             132

11            MICROGRID MARKET, BY CONNECTIVITY            134

11.1         INTRODUCTION              135

11.2         GRID-CONNECTED         136

11.2.1      COST SAVINGS, IMPROVED POWER QUALITY, AND LOW ENVIRONMENTAL IMPACT TO FOSTER SEGMENTAL GROWTH                 136

11.3         OFF-GRID            138

11.3.1      ENERGY INDEPENDENCE AND RELIABLE POWER SUPPLY TO BOOST ADOPTION 138

12            MICROGRID MARKET, BY OFFERING      140

12.1         INTRODUCTION              141

12.2         HARDWARE        142

12.2.1      POWER GENERATORS   144

12.2.1.1  Ability to balance supply–demand fluctuations and maintain grid stability to fuel segmental growth      144

12.2.2      ENERGY STORAGE SYSTEMS      145

12.2.2.1  Use to ensure continuous power supply and reduce reliance on grid-supplied electricity to foster segmental growth       145

12.2.2.2  Lithium-ion batteries           146

12.2.2.3  Lead-acid batteries               147

12.2.2.4  Flow batteries        148

12.2.2.5  Flywheels               149

12.2.2.6  Other energy storage systems             150

12.2.3      CONTROLLERS 151

12.2.3.1  Focus on delivering optimized, cost-effective, and reliable power to contribute to segmental growth     151

12.3         SOFTWARE         152

12.3.1      EMPHASIS ON DELIVERING AI-DRIVEN ENERGY OPTIMIZATION AND PREDICTIVE ANALYTICS ACROSS DISTRIBUTED ENERGY RESOURCES TO DRIVE MARKET                 152

12.4         SERVICES             153

12.4.1      USE TO ENSURE OPERATIONAL RELIABILITY AND SUSTAINABILITY OF MICROGRID DEPLOYMENTS TO ACCELERATE SEGMENTAL GROWTH     153

12.4.2      CONSULTING & ADVISORY SERVICES     154

12.4.3      ENGINEERING, PROCUREMENT & CONSTRUCTION (EPC) SERVICES                155

12.4.4      MICROGRID OPERATION & ASSET MANAGEMENT                 155

13            MICROGRID MARKET, BY END USER       156

13.1         INTRODUCTION              157

13.2         COMMERCIAL & INDUSTRIAL BUILDINGS            159

13.2.1      REQUIREMENT FOR UNINTERRUPTED ELECTRICITY TO LOWER DOWNTIME AND IMPROVE EFFICIENCY TO BOLSTER SEGMENTAL GROWTH              159

13.3         REMOTE AREAS                160

13.3.1      NEED TO ESTABLISH POWER PROJECTS IN REMOTE AREAS TO ACCELERATE SEGMENTAL GROWTH                160

13.4         MILITARY FACILITIES    162

13.4.1      FOCUS ON MAINTAINING ENERGY RESILIENCE AND ENABLING UNINTERRUPTED CRITICAL OPERATIONS TO DRIVE MARKET               162

13.5         GOVERNMENT BUILDINGS         163

13.5.1      NEED FOR UNINTERRUPTED POWER SUPPLY IN EMERGENCY RESPONSE CENTERS AND MUNICIPAL BUILDINGS TO BOOST SEGMENTAL GROWTH           163

13.6         UTILITIES            164

13.6.1      HIGH EMPHASIS ON MANAGING ENERGY USAGE AND ENHANCING POWER SUPPLY QUALITY TO AUGMENT SEGMENTAL GROWTH  164

13.7         INSTITUTES & CAMPUSES            166

13.7.1      ADOPTION OF MICROGRIDS TO REDUCE CARBON EMISSIONS AND PROMOTE ENVIRONMENTAL INITIATIVES TO SUPPORT MARKET GROWTH     166

13.8         HEALTHCARE FACILITIES            167

13.8.1      NEED FOR RELIABLE POWER SOURCE TO OPERATE LIFE-SAVING EQUIPMENT AND PROVIDE TREATMENT TO EXPEDITE SEGMENTAL GROWTH            167

14            MICROGRID MARKET, BY REGION           170

14.1         INTRODUCTION              171

14.2         NORTH AMERICA             173

14.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA                 173

14.2.2      US           178

14.2.2.1  Increasing investment in clean energy sources for power generation to drive market  178

14.2.3      CANADA               179

14.2.3.1  Rising microgrid installations in remote areas to foster market growth    179

14.2.4      MEXICO                180

14.2.4.1  Growing support for renewable energy to ensure grid resilience to augment market growth  180

14.3         EUROPE               181

14.3.1      MACROECONOMIC OUTLOOK FOR EUROPE      181

14.3.2      UK          186

14.3.2.1  Growing emphasis on preventing waste heat generation to boost market growth       186

14.3.3      GERMANY           187

14.3.3.1  Increasing deployment of solar PV technologies to fuel market growth    187

14.3.4      FRANCE                188

14.3.4.1  Rising focus on clean energy generation to augment demand                 188

14.3.5      ITALY    189

14.3.5.1  Increasing need to enhance renewable energy integration to contribute to market growth               189

14.3.6      SPAIN    190

14.3.6.1  Growing emphasis on meeting climate and renewable targets to support market growth        190

14.3.7      POLAND               191

14.3.7.1  Increasing adoption of distributed energy to contribute to market growth    191

14.3.8      NORDICS             191

14.3.8.1  High renewable penetration and strong policy support for decarbonization to drive market         191

14.3.9      REST OF EUROPE             192

14.4         ASIA PACIFIC     193

14.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC                 194

14.4.2      AUSTRALIA         199

14.4.2.1  Growing emphasis on grid reliability and providing electricity to unserved areas to accelerate market growth     199

14.4.3      CHINA  200

14.4.3.1  Increasing implementation of supportive regulatory frameworks to foster market growth       200

14.4.4      JAPAN   201

14.4.4.1  Growing focus on enhancing energy resilience to contribute to market growth       201

14.4.5      SOUTH KOREA  202

14.4.5.1  Increasing effort to diversify energy mix to bolster market growth                 202

14.4.6      INDIA    203

14.4.6.1  Rising renewable integration and rural electrification strategies to expedite market growth  203

14.4.7      INDONESIA        204

14.4.7.1  Growing focus on electrification using renewable sources to augment market growth      204

14.4.8      THAILAND          204

14.4.8.1  Increasing renewable penetration and smart city initiatives to fuel market growth       204

14.4.9      VIETNAM             205

14.4.9.1  Rapid expansion of economy and manufacturing sector to accelerate market growth    205

14.4.10   MALAYSIA           206

14.4.10.1                 Mounting demand for resilient and clean energy systems in industries to drive market                 206

14.4.11   REST OF ASIA PACIFIC   207

14.5         ROW      208

14.5.1      MACROECONOMIC OUTLOOK FOR ROW              208

14.5.2      MIDDLE EAST   213

14.5.2.1  Growing healthcare sector and demand for reliable power supply to contribute to market growth           213

14.5.2.2  GCC countries      214

14.5.2.3  Rest of Middle East              214

14.5.3      AFRICA 214

14.5.3.1  Rising need to improve energy access in remote areas to drive market    214

14.5.4      SOUTH AMERICA             216

14.5.4.1  Brazil      217

14.5.4.1.1                Requirement for decentralized electrification to support market growth       217

14.5.4.2  Argentina               217

14.5.4.2.1                Strong focus on strengthening grid resilience in underserved regions to boost market growth   217

14.5.4.3  Rest of South America         218

15            COMPETITIVE LANDSCAPE         219

15.1         OVERVIEW          219

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 219

15.3         MARKET SHARE ANALYSIS, 2024                 221

15.4         REVENUE ANALYSIS, 2020–2024  223

15.5         COMPANY VALUATION AND FINANCIAL METRICS                 223

15.6         BRAND/PRODUCT COMPARISON             224

15.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 225

15.7.1      STARS   225

15.7.2      EMERGING LEADERS     225

15.7.3      PERVASIVE PLAYERS      225

15.7.4      PARTICIPANTS 226

15.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         227

15.7.5.1  Company footprint               227

15.7.5.2  Region footprint   228

15.7.5.3  End user footprint                 229

15.7.5.4  Offering footprint 230

15.7.5.5  Connectivity footprint          231

15.7.5.6  Power rating footprint         232

15.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        233

15.8.1      PROGRESSIVE COMPANIES         233

15.8.2      RESPONSIVE COMPANIES            233

15.8.3      DYNAMIC COMPANIES  233

15.8.4      STARTING BLOCKS         233

15.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 235

15.8.5.1  Detailed list of key startups/SMEs    235

15.8.5.2  Competitive benchmarking of key startups/SMEs          236

15.9         COMPETITIVE SCENARIO             237

15.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               237

15.9.2      DEALS  238

15.9.3      EXPANSIONS     239

15.9.4      OTHER DEVELOPMENTS              240

16            COMPANY PROFILES      241

16.1         KEY PLAYERS     241

16.1.1      SCHNEIDER ELECTRIC  241

16.1.1.1  Business overview 241

16.1.1.2  Products/Solutions/Services offered 242

16.1.1.3  Recent developments           246

16.1.1.3.1                Product launches/developments        246

16.1.1.3.2                Deals      248

16.1.1.3.3                Expansions             250

16.1.1.3.4                Other developments             250

16.1.1.4  MnM view              251

16.1.1.4.1                Key strengths/Right to win 251

16.1.1.4.2                Strategic choices   251

16.1.1.4.3                Weaknesses/Competitive threats       251

16.1.2      SIEMENS              252

16.1.2.1  Business overview 252

16.1.2.2  Products/Solutions/Services offered 253

16.1.2.3  Recent developments           255

16.1.2.3.1                Product launches/developments        255

16.1.2.3.2                Deals      256

16.1.2.3.3                Other developments             258

16.1.2.4  MnM view              259

16.1.2.4.1                Key strengths/Right to win 259

16.1.2.4.2                Strategic choices   260

16.1.2.4.3                Weaknesses/Competitive threats       260

16.1.3      GE VERNOVA     261

16.1.3.1  Business overview 261

16.1.3.2  Products/Solutions/Services offered 262

16.1.3.3  Recent developments           264

16.1.3.3.1                Product launches/developments        264

16.1.3.3.2                Deals      264

16.1.3.3.3                Other developments             266

16.1.3.4  MnM view              267

16.1.3.4.1                Key strengths/Right to win 267

16.1.3.4.2                Strategic choices   268

16.1.3.4.3                Weaknesses/Competitive threats       268

16.1.4      EATON 269

16.1.4.1  Business overview 269

16.1.4.2  Products/Solutions/Services offered 270

16.1.4.3  Recent developments           273

16.1.4.3.1                Product launches/developments        273

16.1.4.3.2                Deals      273

16.1.4.3.3                Other developments             276

16.1.4.4  MnM view              277

16.1.4.4.1                Key strengths/Right to win 277

16.1.4.4.2                Strategic choices   277

16.1.4.4.3                Weaknesses/Competitive threats       277

16.1.5      ABB        278

16.1.5.1  Business overview 278

16.1.5.2  Products/Solutions/Services offered 279

16.1.5.3  Recent developments           284

16.1.5.3.1                Deals      284

16.1.5.3.2                Other developments             285

16.1.5.4  MnM view              286

16.1.5.4.1                Key strengths/Right to win 286

16.1.5.4.2                Strategic choices   286

16.1.5.4.3                Weaknesses/Competitive threats       286

16.1.6      HITACHI ENERGY LTD  287

16.1.6.1  Business overview 287

16.1.6.2  Products/Solutions/Services offered 288

16.1.6.3  Recent developments           289

16.1.6.3.1                Product launches/developments        289

16.1.6.3.2                Deals      290

16.1.6.3.3                Other developments             291

16.1.7      HONEYWELL INTERNATIONAL INC.        293

16.1.7.1  Business overview 293

16.1.7.2  Products/Solutions/Services offered 294

16.1.7.3  Recent developments           295

16.1.7.3.1                Product launches/developments        295

16.1.7.3.2                Deals      296

16.1.8      CATERPILLAR    297

16.1.8.1  Business overview 297

16.1.8.2  Products/Solutions/Services offered 298

16.1.8.3  Recent developments           300

16.1.8.3.1                Deals      300

16.1.8.3.2                Other developments             300

16.1.9      S&C ELECTRIC COMPANY            301

16.1.9.1  Business overview 301

16.1.9.2  Products/Solutions/Services offered 302

16.1.9.3  Recent developments           303

16.1.9.3.1                Product launches/developments        303

16.1.9.3.2                Expansions             304

16.1.10   TESLA   305

16.1.10.1                 Business overview 305

16.1.10.2                 Products/Solutions/Services offered 306

16.1.10.3                 Recent developments           308

16.1.10.3.1             Developments       308

16.2         OTHER PLAYERS              309

16.2.1      HOMER ENERGY               309

16.2.2      EMERSON ELECTRIC CO.              310

16.2.3      PARETO ENERGY             311

16.2.4      SPIRAE LLC         312

16.2.5      KOHLER CO.      313

16.2.6      AMERESCO         314

16.2.7      SAFT      315

16.2.8      FERROAMP AB  316

16.2.9      CANOPY POWER PTE LTD.          317

16.2.10   POWERSECURE, INC.      318

16.2.11   POLARIS               319

16.2.12   ANBARIC DEVELOPMENT PARTNERS, LLC.          320

16.2.13   WÄRTSILÄ           321

16.2.14   AGGREKO            322

16.2.15   POWER ANALYTICS        323

16.2.16   BLOOM ENERGY               324

16.2.17   ENGIE   325

16.2.18   ROLLS-ROYCE PLC          326

16.2.19   ENEL X S.R.L.      327

16.2.20   XENDEE INC.      328

16.2.21   BOXPOWER, INC.              329

17            APPENDIX           330

17.1         INSIGHTS FROM INDUSTRY EXPERTS     330

17.2         DISCUSSION GUIDE        330

17.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                334

17.4         CUSTOMIZATION OPTIONS        336

17.5         RELATED REPORTS         336

17.6         AUTHOR DETAILS           337

LIST OF TABLES

TABLE 1                MICROGRID MARKET: INCLUSIONS AND EXCLUSIONS      29

TABLE 2                MAJOR SECONDARY SOURCES  34

TABLE 3                KEY FORECAST ASSUMPTIONS 45

TABLE 4                MICROGRID MARKET: RESEARCH ASSUMPTIONS  46

TABLE 5                MICROGRID MARKET: RISK ANALYSIS    46

TABLE 6                ROLE OF COMPANIES IN MICROGRID ECOSYSTEM       68

TABLE 7                AVERAGE SELLING PRICE OF MICROGRIDS, BY END USER AND POWER RATING, 2024 (USD MILLION/MW)                 70

TABLE 8                AVERAGE SELLING PRICE TREND OF UTILITY-BASED MICROGRID PROJECTS,

BY REGION, 2021–2024 (USD MILLION/MW)         72

TABLE 9                IMPACT OF PORTER’S FIVE FORCES        77

TABLE 10              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP

THREE END USERS (%)  80

TABLE 11              KEY BUYING CRITERIA FOR TOP THREE END USERS   81

TABLE 12              IMPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            88

TABLE 13              EXPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            89

TABLE 14              LIST OF KEY PATENTS, 2021–2024              90

TABLE 15              LIST OF CONFERENCES AND EVENTS, 2025–2026                 93

TABLE 16              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             94

TABLE 17              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 95

TABLE 18              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 95

TABLE 19              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 96

TABLE 20              STANDARDS RELATED TO MICROGRIDS                 96

TABLE 21              US-ADJUSTED RECIPROCAL TARIFF RATES                 101

TABLE 22              MICROGRID MARKET, BY POWER RATING, 2021–2024 (USD MILLION)       114

TABLE 23              MICROGRID MARKET, BY POWER RATING, 2025–2030 (USD MILLION)       114

TABLE 24              LESS THAN 1 MW: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)          115

TABLE 25              LESS THAN 1 MW: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)          116

TABLE 26              1–5 MW: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)            117

TABLE 27              1–5 MW: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)            117

TABLE 28              >5–10 MW: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)            118

TABLE 29              >5–10 MW: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)            118

TABLE 30              ABOVE 10 MW: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)          119

TABLE 31              ABOVE 10 MW: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)          119

TABLE 32              MICROGRID MARKET, BY POWER SOURCE, 2021–2024 (USD MILLION)            122

TABLE 33              MICROGRID MARKET, BY POWER SOURCE, 2025–2030 (USD MILLION)            122

TABLE 34              NATURAL GAS: MICROGRID MARKET FOR POWER GENERATORS, BY REGION, 2021–2024 (USD MILLION)                 124

TABLE 35              NATURAL GAS: MICROGRID MARKET FOR POWER GENERATORS, BY REGION, 2025–2030 (USD MILLION)                 124

TABLE 36              SOLAR PV: MICROGRID MARKET FOR POWER GENERATORS, BY REGION,

2021–2024 (USD MILLION)            126

TABLE 37              SOLAR PV: MICROGRID MARKET FOR POWER GENERATORS, BY REGION,

2025–2030 (USD MILLION)            126

TABLE 38              COMBINED HEAT AND POWER (CHP): MICROGRID MARKET FOR POWER GENERATORS, BY REGION, 2021–2024 (USD MILLION)            128

TABLE 39              COMBINED HEAT AND POWER (CHP): MICROGRID MARKET FOR POWER GENERATORS, BY REGION, 2025–2030 (USD MILLION)            128

TABLE 40              DIESEL: MICROGRID MARKET FOR POWER GENERATORS, BY REGION,

2021–2024 (USD MILLION)            129

TABLE 41              DIESEL: MICROGRID MARKET FOR POWER GENERATORS, BY REGION,

2025–2030 (USD MILLION)            129

TABLE 42              FUEL CELL: MICROGRID MARKET FOR POWER GENERATORS, BY REGION,

2021–2024 (USD MILLION)            131

TABLE 43              FUEL CELL: MICROGRID MARKET FOR POWER GENERATORS, BY REGION,

2025–2030 (USD MILLION)            131

TABLE 44              OTHER POWER SOURCES: MICROGRID MARKET FOR POWER GENERATORS,

BY REGION, 2021–2024 (USD MILLION)   132

TABLE 45              OTHER POWER SOURCES: MICROGRID MARKET FOR POWER GENERATORS,

BY REGION, 2025–2030 (USD MILLION)   132

TABLE 46              MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)       136

TABLE 47              MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)       136

TABLE 48              GRID-CONNECTED: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)          137

TABLE 49              GRID-CONNECTED: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)          138

TABLE 50              OFF-GRID: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)            139

TABLE 51              OFF-GRID: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)            139

TABLE 52              MICROGRID MARKET, BY OFFERING, 2021–2024 (USD MILLION) 142

TABLE 53              MICROGRID MARKET, BY OFFERING, 2025–2030 (USD MILLION) 142

TABLE 54              HARDWARE: MICROGRID MARKET, BY TYPE, 2021–2024 (USD MILLION)            143

TABLE 55              HARDWARE: MICROGRID MARKET, BY TYPE, 2025–2030 (USD MILLION)            143

TABLE 56              HARDWARE: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)            144

TABLE 57              HARDWARE: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)            144

TABLE 58              POWER GENERATORS: MICROGRID MARKET, BY REGION,

2021–2024 (USD MILLION)            145

TABLE 59              POWER GENERATORS: MICROGRID MARKET, BY REGION,

2025–2030 (USD MILLION)            145

TABLE 60              ENERGY STORAGE SYSTEMS: MICROGRID MARKET, BY REGION,

2021–2024 (USD MILLION)            146

TABLE 61              ENERGY STORAGE SYSTEMS: MICROGRID MARKET, BY REGION,

2025–2030 (USD MILLION)            146

TABLE 62              CONTROLLERS: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)          151

TABLE 63              CONTROLLERS: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)          152

TABLE 64              SOFTWARE: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)            153

TABLE 65              SOFTWARE: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)            153

TABLE 66              SERVICES: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)            154

TABLE 67              SERVICES: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)            154

TABLE 68              MICROGRID MARKET, BY END USER, 2021–2024 (USD MILLION) 158

TABLE 69              MICROGRID MARKET, BY END USER, 2025–2030 (USD MILLION) 158

TABLE 70              COMMERCIAL & INDUSTRIAL BUILDINGS: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)                 160

TABLE 71              COMMERCIAL & INDUSTRIAL BUILDINGS: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)                 160

TABLE 72              REMOTE AREAS: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)          161

TABLE 73              REMOTE AREAS: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)          162

TABLE 74              MILITARY FACILITIES: MICROGRID MARKET, BY REGION,

2021–2024 (USD MILLION)            163

TABLE 75              MILITARY FACILITIES: MICROGRID MARKET, BY REGION,

2025–2030 (USD MILLION)            163

TABLE 76              GOVERNMENT BUILDINGS: MICROGRID MARKET, BY REGION,

2021–2024 (USD MILLION)            164

TABLE 77              GOVERNMENT BUILDINGS: MICROGRID MARKET, BY REGION,

2025–2030 (USD MILLION)            164

TABLE 78              UTILITIES: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)            165

TABLE 79              UTILITIES: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)            165

TABLE 80              INSTITUTES & CAMPUSES: MICROGRID MARKET, BY REGION,

2021–2024 (USD MILLION)            167

TABLE 81              INSTITUTES & CAMPUSES: MICROGRID MARKET, BY REGION,

2025–2030 (USD MILLION)            167

TABLE 82              HEALTHCARE FACILITIES: MICROGRID MARKET, BY REGION,

2021–2024 (USD MILLION)            168

TABLE 83              HEALTHCARE FACILITIES: MICROGRID MARKET, BY REGION,

2025–2030 (USD MILLION)            169

TABLE 84              MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION) 171

TABLE 85              MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION) 172

TABLE 86              MICROGRID MARKET, BY REGION, 2021–2024 (MW)     172

TABLE 87              MICROGRID MARKET, BY REGION, 2025–2030 (MW)     172

TABLE 88              NORTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     174

TABLE 89              NORTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     174

TABLE 90              NORTH AMERICA: MICROGRID MARKET, BY OFFERING, 2021–2024 (USD MILLION)     174

TABLE 91              NORTH AMERICA: MICROGRID MARKET, BY OFFERING, 2025–2030 (USD MILLION)     174

TABLE 92              NORTH AMERICA: MICROGRID MARKET FOR HARDWARE, BY TYPE,

2021–2024 (USD MILLION)            175

TABLE 93              NORTH AMERICA: MICROGRID MARKET FOR HARDWARE, BY TYPE,

2025–2030 (USD MILLION)            175

TABLE 94              NORTH AMERICA: MICROGRID MARKET, BY END USER,

2021–2024 (USD MILLION)            175

TABLE 95              NORTH AMERICA: MICROGRID MARKET, BY END USER,

2025–2030 (USD MILLION)            176

TABLE 96              NORTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION)            176

TABLE 97              NORTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION)            176

TABLE 98              NORTH AMERICA: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2021–2024 (USD MILLION)            176

TABLE 99              NORTH AMERICA: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2025–2030 (USD MILLION)            177

TABLE 100            NORTH AMERICA: MICROGRID MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            177

TABLE 101            NORTH AMERICA: MICROGRID MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            177

TABLE 102            US: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)            178

TABLE 103            US: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)            179

TABLE 104            CANADA: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          179

TABLE 105            CANADA: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          179

TABLE 106            MEXICO: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          180

TABLE 107            MEXICO: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          180

TABLE 108            EUROPE: MICROGRID MARKET, BY COUNTRY, 2021–2024 (USD MILLION)            182

TABLE 109            EUROPE: MICROGRID MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            182

TABLE 110            EUROPE: MICROGRID MARKET, BY OFFERING, 2021–2024 (USD MILLION)            182

TABLE 111            EUROPE: MICROGRID MARKET, BY OFFERING, 2025–2030 (USD MILLION)            183

TABLE 112          EUROPE: MICROGRID MARKET FOR HARDWARE, BY TYPE,

2021–2024 (USD MILLION)            183

TABLE 113          EUROPE: MICROGRID MARKET FOR HARDWARE, BY TYPE,

2025–2030 (USD MILLION)            183

TABLE 114            EUROPE: MICROGRID MARKET, BY END USER, 2021–2024 (USD MILLION)            184

TABLE 115            EUROPE: MICROGRID MARKET, BY END USER, 2025–2030 (USD MILLION)            184

TABLE 116            EUROPE: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          184

TABLE 117            EUROPE: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          184

TABLE 118            EUROPE: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2021–2024 (USD MILLION)                 185

TABLE 119            EUROPE: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2025–2030 (USD MILLION)                 185

TABLE 120            EUROPE: MICROGRID MARKET, BY POWER RATING, 2021–2024 (USD MILLION)          186

TABLE 121            EUROPE: MICROGRID MARKET, BY POWER RATING, 2025–2030 (USD MILLION)          186

TABLE 122            UK: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)            186

TABLE 123            UK: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)            187

TABLE 124            GERMANY: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          187

TABLE 125            GERMANY: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          188

TABLE 126            FRANCE: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          188

TABLE 127            FRANCE: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          189

TABLE 128            ITALY: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          189

TABLE 129            ITALY: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          190

TABLE 130            SPAIN: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          190

TABLE 131            SPAIN: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          190

TABLE 132            POLAND: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          191

TABLE 133            POLAND: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          191

TABLE 134            NORDICS: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          192

TABLE 135            NORDICS: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          192

TABLE 136            REST OF EUROPE: MICROGRID MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION)            193

TABLE 137            REST OF EUROPE: MICROGRID MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION)            193

TABLE 138            ASIA PACIFIC: MICROGRID MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     195

TABLE 139            ASIA PACIFIC: MICROGRID MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     195

TABLE 140            ASIA PACIFIC: MICROGRID MARKET, BY OFFERING, 2021–2024 (USD MILLION)     196

TABLE 141            ASIA PACIFIC: MICROGRID MARKET, BY OFFERING, 2025–2030 (USD MILLION)     196

TABLE 142            ASIA PACIFIC: MICROGRID MARKET FOR HARDWARE, BY TYPE,

2021–2024 (USD MILLION)            196

TABLE 143            ASIA PACIFIC: MICROGRID MARKET FOR HARDWARE, BY TYPE,

2025–2030 (USD MILLION)            196

TABLE 144            ASIA PACIFIC: MICROGRID MARKET, BY END USER, 2021–2024 (USD MILLION)                197

TABLE 145            ASIA PACIFIC: MICROGRID MARKET, BY END USER, 2025–2030 (USD MILLION)                197

TABLE 146            ASIA PACIFIC: MICROGRID MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION)            197

TABLE 147            ASIA PACIFIC: MICROGRID MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION)            198

TABLE 148            ASIA PACIFIC: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2021–2024 (USD MILLION)            198

TABLE 149            ASIA PACIFIC: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2025–2030 (USD MILLION)            198

TABLE 150            ASIA PACIFIC: MICROGRID MARKET, BY POWER RATING,

2021–2024 (USD MILLION)            199

TABLE 151            ASIA PACIFIC: MICROGRID MARKET, BY POWER RATING,

2025–2030 (USD MILLION)            199

TABLE 152            AUSTRALIA: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          200

TABLE 153            AUSTRALIA: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          200

TABLE 154            CHINA: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          201

TABLE 155            CHINA: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          201

TABLE 156            JAPAN: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          202

TABLE 157            JAPAN: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          202

TABLE 158            SOUTH KOREA: MICROGRID MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION)            202

TABLE 159            SOUTH KOREA: MICROGRID MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION)            203

TABLE 160            INDIA: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          203

TABLE 161            INDIA: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          203

TABLE 162            INDONESIA: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          204

TABLE 163            INDONESIA: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          204

TABLE 164            THAILAND: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          205

TABLE 165            THAILAND: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          205

TABLE 166            VIETNAM: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          206

TABLE 167            VIETNAM: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          206

TABLE 168            MALAYSIA: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          206

TABLE 169            MALAYSIA: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          207

TABLE 170            REST OF ASIA PACIFIC: MICROGRID MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION)            207

TABLE 171            REST OF ASIA PACIFIC: MICROGRID MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION)            208

TABLE 172            ROW: MICROGRID MARKET, BY REGION, 2021–2024 (USD MILLION)       208

TABLE 173            ROW: MICROGRID MARKET, BY REGION, 2025–2030 (USD MILLION)       209

TABLE 174            ROW: MICROGRID MARKET, BY OFFERING, 2021–2024 (USD MILLION)            209

TABLE 175            ROW: MICROGRID MARKET, BY OFFERING, 2025–2030 (USD MILLION)            209

TABLE 176            ROW: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2021–2024 (USD MILLION)         209

TABLE 177            ROW: MICROGRID MARKET FOR HARDWARE, BY TYPE, 2025–2030 (USD MILLION)         210

TABLE 178            ROW: MICROGRID MARKET, BY END USER, 2021–2024 (USD MILLION)       210

TABLE 179            ROW: MICROGRID MARKET, BY END USER, 2025–2030 (USD MILLION)       210

TABLE 180            ROW: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)            211

TABLE 181            ROW: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)            211

TABLE 182            ROW: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2021–2024 (USD MILLION)                 211

TABLE 183            ROW: MICROGRID MARKET FOR POWER GENERATORS, BY POWER SOURCE, 2025–2030 (USD MILLION)                 212

TABLE 184            ROW: MICROGRID MARKET, BY POWER RATING, 2021–2024 (USD MILLION)            212

TABLE 185            ROW: MICROGRID MARKET, BY POWER RATING, 2025–2030 (USD MILLION)            212

TABLE 186            MIDDLE EAST: MICROGRID MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     213

TABLE 187            MIDDLE EAST: MICROGRID MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     213

TABLE 188            MIDDLE EAST: MICROGRID MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION)            213

TABLE 189            MIDDLE EAST: MICROGRID MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION)            214

TABLE 190            AFRICA: MICROGRID MARKET, BY CONNECTIVITY, 2021–2024 (USD MILLION)          215

TABLE 191            AFRICA: MICROGRID MARKET, BY CONNECTIVITY, 2025–2030 (USD MILLION)          215

TABLE 192            SOUTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     216

TABLE 193            SOUTH AMERICA: MICROGRID MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     216

TABLE 194            SOUTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY,

2021–2024 (USD MILLION)            217

TABLE 195            SOUTH AMERICA: MICROGRID MARKET, BY CONNECTIVITY,

2025–2030 (USD MILLION)            217

TABLE 196            MICROGRID MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2021–AUGUST 2025     220

TABLE 197            MICROGRID MARKET: DEGREE OF COMPETITION, 2024       222

TABLE 198            MICROGRID MARKET: REGION FOOTPRINT                 228

TABLE 199            MICROGRID MARKET: END USER FOOTPRINT                 229

TABLE 200            MICROGRID MARKET: OFFERING FOOTPRINT                 230

TABLE 201            MICROGRID MARKET: CONNECTIVITY FOOTPRINT       231

TABLE 202            MICROGRID MARKET: POWER RATING FOOTPRINT       232

TABLE 203            MICROGRID MARKET: DETAILED LIST OF KEY STARTUPS/SMES              235

TABLE 204            MICROGRID MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          236

TABLE 205            MICROGRID MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,

JANUARY 2021–AUGUST 2025       237

TABLE 206            MICROGRID MARKET: DEALS, JANUARY 2021–AUGUST 2025     238

TABLE 207            MICROGRID MARKET: EXPANSIONS, JANUARY 2021–AUGUST 2025           239

TABLE 208            MICROGRID MARKET: OTHER DEVELOPMENTS, JANUARY 2021–AUGUST 2025       240

TABLE 209            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 241

TABLE 210            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    242

TABLE 211            SCHNEIDER ELECTRIC: PRODUCT LAUNCHES/DEVELOPMENTS    246

TABLE 212            SCHNEIDER ELECTRIC: DEALS  248

TABLE 213            SCHNEIDER ELECTRIC: EXPANSIONS     250

TABLE 214            SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS              250

TABLE 215            SIEMENS: COMPANY OVERVIEW               252

TABLE 216            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             253

TABLE 217            SIEMENS: PRODUCT LAUNCHES/DEVELOPMENTS    255

TABLE 218            SIEMENS: DEALS               256

TABLE 219            SIEMENS: OTHER DEVELOPMENTS         258

TABLE 220            GE VERNOVA: COMPANY OVERVIEW      261

TABLE 221            GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    262

TABLE 222            GE VERNOVA: PRODUCT LAUNCHES/DEVELOPMENTS    264

TABLE 223            GE VERNOVA: DEALS     264

TABLE 224            GE VERNOVA: OTHER DEVELOPMENTS                 266

TABLE 225            EATON: COMPANY OVERVIEW  269

TABLE 226            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             270

TABLE 227            EATON: PRODUCT LAUNCHES/DEVELOPMENTS    273

TABLE 228            EATON: DEALS 273

TABLE 229            EATON: OTHER DEVELOPMENTS            276

TABLE 230            ABB: COMPANY OVERVIEW         278

TABLE 231            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             279

TABLE 232            ABB: DEALS        284

TABLE 233            ABB: OTHER DEVELOPMENTS   285

TABLE 234            HITACHI ENERGY LTD: COMPANY OVERVIEW                 287

TABLE 235            HITACHI ENERGY LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    288

TABLE 236            HITACHI ENERGY LTD: PRODUCT LAUNCHES/DEVELOPMENTS    289

TABLE 237            HITACHI ENERGY LTD: DEALS  290

TABLE 238            HITACHI ENERGY LTD: OTHER DEVELOPMENTS              291

TABLE 239            HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW          293

TABLE 240            HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    294

TABLE 241            HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES/DEVELOPMENTS    295

TABLE 242            HONEYWELL INTERNATIONAL INC.: DEALS                 296

TABLE 243            CATERPILLAR: COMPANY OVERVIEW    297

TABLE 244            CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED    298

TABLE 245            CATERPILLAR: DEALS    300

TABLE 246            CATERPILLAR: OTHER DEVELOPMENTS                 300

TABLE 247            S&C ELECTRIC COMPANY: COMPANY OVERVIEW          301

TABLE 248            S&C ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    302

TABLE 249            S&C ELECTRIC COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS    303

TABLE 250            S&C ELECTRIC COMPANY: EXPANSIONS                 304

TABLE 251            TESLA: COMPANY OVERVIEW    305

TABLE 252            TESLA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             306

TABLE 253            TESLA: DEVELOPMENTS              308

LIST OF FIGURES

FIGURE 1              MICROGRID MARKET SEGMENTATION AND REGIONAL SCOPE            28

FIGURE 2              MICROGRID MARKET: DURATION COVERED                 29

FIGURE 3              MICROGRID MARKET: RESEARCH FLOW                 32

FIGURE 4              MICROGRID MARKET: RESEARCH DESIGN                 33

FIGURE 5              DATA CAPTURED FROM SECONDARY SOURCES                 35

FIGURE 6              PRIMARY INTERVIEW PARTICIPANTS     36

FIGURE 7              BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE,

DESIGNATION, AND REGION     37

FIGURE 8              DATA CAPTURED FROM PRIMARY SOURCES                 37

FIGURE 9              CORE FINDINGS FROM INDUSTRY EXPERTS                 38

FIGURE 10            MICROGRID MARKET: RESEARCH APPROACH                 39

FIGURE 11            MICROGRID MARKET: BOTTOM-UP APPROACH                 40

FIGURE 12            MICROGRID MARKET SIZE ESTIMATION (DEMAND SIDE)               41

FIGURE 13            MICROGRID MARKET: TOP-DOWN APPROACH                 42

FIGURE 14            MICROGRID MARKET SIZE ESTIMATION (SUPPLY SIDE)  43

FIGURE 15            REVENUE GENERATED FROM SALES OF MICROGRID HARDWARE,

SOFTWARE, AND SERVICES         43

FIGURE 16            MICROGRID MARKET: DATA TRIANGULATION                 44

FIGURE 17            MICROGRID MARKET SNAPSHOT             48

FIGURE 18            1–5 MW SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030   48

FIGURE 19            SOLAR PV SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2025 49

FIGURE 20            GRID-CONNECTED SEGMENT TO DOMINATE MICROGRID MARKET

FROM 2025 TO 2030          49

FIGURE 21            SOFTWARE SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD          50

FIGURE 22            REMOTE AREAS SEGMENT TO RECORD HIGHEST CAGR BETWEEN 2025 AND 2030              50

FIGURE 23            ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       51

FIGURE 24            RISING RURAL ELECTRIFICATION AND RENEWABLE INTEGRATION TO CREATE LUCRATIVE OPPORTUNITIES FOR PLAYERS IN MICROGRID MARKET                 52

FIGURE 25            ABOVE 10 MW SEGMENT TO GROW AT HIGHEST CAGR FROM 2025 TO 2030             52

FIGURE 26            SOLAR PV SEGMENT TO DOMINATE MICROGRID MARKET BETWEEN

2025 AND 2030    53

FIGURE 27            GRID-CONNECTED SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2025 AND 2030 53

FIGURE 28            HARDWARE SEGMENT TO DOMINATE MICROGRID MARKET DURING FORECAST PERIOD          54

FIGURE 29            REMOTE AREAS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 54

FIGURE 30            ASIA PACIFIC TO HOLD LARGEST MARKET SHARE IN 2025 AND 2030                55

FIGURE 31            INDIA TO REGISTER HIGHEST CAGR IN GLOBAL MICROGRID MARKET DURING FORECAST PERIOD          55

FIGURE 32            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    56

FIGURE 33            IMPACT ANALYSIS: DRIVERS      59

FIGURE 34            IMPACT ANALYSIS: RESTRAINTS               61

FIGURE 35            IMPACT ANALYSIS: OPPORTUNITIES     63

FIGURE 36            IMPACT ANALYSIS: CHALLENGES             65

FIGURE 37            SUPPLY CHAIN ANALYSIS             66

FIGURE 38            KEY COMPANIES IN MICROGRID ECOSYSTEM                 69

FIGURE 39            AVERAGE SELLING PRICE OF MICROGRIDS, BY END USER AND

POWER RATING, 2024     70

FIGURE 40            AVERAGE SELLING PRICE TREND OF UTILITY-BASED MICROGRID PROJECTS,

BY REGION, 2021–2024    71

FIGURE 41            INVESTMENT AND FUNDING SCENARIO, 2021–2025        72

FIGURE 42            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   73

FIGURE 43            PORTER’S FIVE FORCES ANALYSIS           77

FIGURE 44            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS  80

FIGURE 45            KEY BUYING CRITERIA FOR TOP THREE END USERS   81

FIGURE 46            IMPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024             87

FIGURE 47            EXPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2020–2024             88

FIGURE 48            PATENT APPLIED AND GRANTED, 2015–2024                 90

FIGURE 49            IMPACT OF AI/GEN AI ON MICROGRID MARKET                 100

FIGURE 50            MICROGRID TYPES         104

FIGURE 51            MICROGRID PATTERNS                 107

FIGURE 52            1–5 MW SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030   114

FIGURE 53            MICROGRID MARKET, BY POWER SOURCE                 121

FIGURE 54            SOLAR PV TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030   122

FIGURE 55            MICROGRID MARKET, BY CONNECTIVITY                 135

FIGURE 56            OFF-GRID SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD          135

FIGURE 57            MICROGRID MARKET, BY OFFERING      141

FIGURE 58            SOFTWARE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD          142

FIGURE 59            MICROGRID HARDWARE MARKET, BY TYPE                 143

FIGURE 60            MICROGRID MARKET, BY END USER       157

FIGURE 61            REMOTE AREAS SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2025 TO 2030         158

FIGURE 62            ASIA PACIFIC TO HOLD LARGEST SHARE OF MICROGRID MARKET IN 2030     171

FIGURE 63            NORTH AMERICA: MICROGRID MARKET SNAPSHOT          173

FIGURE 64            EUROPE: MICROGRID MARKET SNAPSHOT                 181

FIGURE 65            ASIA PACIFIC: MICROGRID MARKET SNAPSHOT                 194

FIGURE 66            MARKET SHARE ANALYSIS OF COMPANIES OFFERING MICROGRIDS, 2024    222

FIGURE 67            MICROGRID MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024     223

FIGURE 68            COMPANY VALUATION 223

FIGURE 69            FINANCIAL METRICS (EV/EBITDA)          224

FIGURE 70            BRAND/PRODUCT COMPARISON             224

FIGURE 71            MICROGRID MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024     226

FIGURE 72            MICROGRID MARKET: COMPANY FOOTPRINT                 227

FIGURE 73            MICROGRID MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024               234

FIGURE 74            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 242

FIGURE 75            SIEMENS: COMPANY SNAPSHOT               253

FIGURE 76            GE VERNOVA: COMPANY SNAPSHOT     262

FIGURE 77            EATON: COMPANY SNAPSHOT  270

FIGURE 78            ABB: COMPANY SNAPSHOT        279

FIGURE 79            HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT          294

FIGURE 80            CATERPILLAR: COMPANY SNAPSHOT    298

FIGURE 81            TESLA: COMPANY SNAPSHOT   306