PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1480627
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1480627
Remote Microgrids
Global Remote Microgrids Market to Reach $21.7 Billion by 2030
The global market for Remote Microgrids estimated at US$8.7 Billion in the year 2023, is expected to reach US$21.7 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2023-2030. Village Electrification Application, one of the segments analyzed in the report, is expected to record a 13.8% CAGR and reach US$12.1 Billion by the end of the analysis period. Growth in the Grid Island Systems Application segment is estimated at 14.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 13% CAGR
The Remote Microgrids market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 11.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Introducing Our Exciting New Report Features for 2024
Full access to influencer engagement stats
Free access to our digital archives & "MarketGlass" research platform. Our proprietary MarketGlass platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. Our state-of-art tools bring world class market perspectives while protecting participants' privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.
Select Competitors (Total 48 Featured) -
- General MicroGrids
- S&C Electric Company
- Siemens AG
- Toshiba Corporation
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Remote Microgrid - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Remote Microgrids Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Remote Microgrids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 3: World 7-Year Perspective for Remote Microgrids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Village Electrification by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 5: World 7-Year Perspective for Village Electrification by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 6: World Recent Past, Current & Future Analysis for Grid Island Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 7: World 7-Year Perspective for Grid Island Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Industrial Remote Mine Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 9: World 7-Year Perspective for Industrial Remote Mine Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 10: World Recent Past, Current & Future Analysis for Remote Military Microgrids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 11: World 7-Year Perspective for Remote Military Microgrids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 12: USA Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 13: USA 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- CANADA
- TABLE 14: Canada Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 15: Canada 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- JAPAN
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 16: Japan Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 17: Japan 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- CHINA
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 18: China Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 19: China 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- EUROPE
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 20: Europe Recent Past, Current & Future Analysis for Remote Microgrids by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 21: Europe 7-Year Perspective for Remote Microgrids by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
- TABLE 22: Europe Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 23: Europe 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- FRANCE
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 24: France Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 25: France 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- GERMANY
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 26: Germany Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 27: Germany 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- ITALY
- TABLE 28: Italy Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 29: Italy 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- UNITED KINGDOM
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 30: UK Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 31: UK 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- REST OF EUROPE
- TABLE 32: Rest of Europe Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: Rest of Europe 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- ASIA-PACIFIC
- Remote Microgrids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 34: Asia-Pacific Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 35: Asia-Pacific 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
- REST OF WORLD
- TABLE 36: Rest of World Recent Past, Current & Future Analysis for Remote Microgrids by Application - Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 37: Rest of World 7-Year Perspective for Remote Microgrids by Application - Percentage Breakdown of Value Sales for Village Electrification, Grid Island Systems, Industrial Remote Mine Systems and Remote Military Microgrids for the Years 2024 & 2030
IV. COMPETITION
