Microgrid Market by Application, Connectivity, and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 175 SKU: IRTNTR43731

Microgrid Market Analysis Report 2023-2027:

Microgrid Market size is estimated to grow by USD 25,623.76 million between 2022 and 2027 accelerating at a CAGR of 13.6% during the forecast period. The growth of the remote microgrid market depends on several factors, including the need for resilience, the rise in the adoption of microgrids in rural areas, and the recent developments in microgrids.

This microgrid market research report extensively covers market segmentation by application (remote, institutions and campus, military, and others), connectivity (grid-connected and off-grid connected), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Microgrid Market During the Forecast Period?

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Microgrid Market: Key Drivers, Trends, Challenges, and Customer Landscape

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Microgrid Market Drivers

The need for resilience is notably driving the remote microgrid market growth.  Aging infrastructure, climate change, rising energy costs, and mass electrification are some of the major problems in the power industry. These problems are common across the globe in any power industry and occur at different levels. Developed countries have well-developed power infrastructure that faces outages due to aging infrastructure, whereas developing countries such as Asia and Africa suffer from low electrification rates. Traditional grids follow a hierarchical power structure, where power is generated at a central location and are then sent through the transmission line to substations, distribution lines, and finally to the end-users. Any problem in one part of the system tends to have a domino effect on the rest of the system, thereby affecting the reliability of the grid. Therefore, the need to overcome the challenges faced by traditional grids has driven the need for microgrids.

A microgrid is a composition of multiple energy generation sources such as wind, solar, biomass, geothermal, and fossil fuels that are used to supply energy to a local community, university, or military base. These microgrids are connected to the main grid as a single point of load. The use of renewable sources along with energy storage systems makes microgrids self-sufficient and allows them to generate power as long as the sun is shining and the wind is blowing. The entire network can be managed by an energy management system. Microgrids can be grid-connected to supply power blended with their own source or can operate independently of the grid. They provide electricity backup and offer ancillary services to the main grid at times of power outages. Such factors are expected to drive the growth of the global remote microgrid market during the forecast period.

Significant Microgrid Market Trends

Microgrids for protection from cybersecurity attacks are a major trend in the market. Cybersecurity is one of the emerging threats facing the world, and the transition from a traditional grid to a smart grid has made power grids more susceptible to cyberattacks. Smart grids depend on SCADA for monitoring and controlling the physical infrastructure. SCADA systems are highly vulnerable to cyber-attacks, which allow adversaries to compromise the functionality of the grid by introducing malware into the systems. This mismanagement can cause damage to the equipment, in turn leading to heavy losses.

Microgrids are increasingly using renewable energy sources such as solar and wind to reduce the use of fossil fuels. Microgrids require energy storage systems to make them function even when local resources are not available. In the event of any disturbance, such as a cyber-attack in the grid, a microgrid can isolate itself and function indefinitely if it has access to the sun and wind, thereby allowing it to generate and store electricity during the day so that it can be supplied when power generation is not possible. Another benefit of using microgrids is that they can supply local power to individual households and small villages. As microgrids have a limited reach, the range/impact of the damage caused is less, in turn making them less prone to attackers. Such factors are expected to drive the growth of the global remote microgrid market during the forecast period.

Major Microgrid Market Challenges

High implementation costs are a major challenge impeding the microgrid market growth. The generation of power from microgrids is a tedious and expensive process as it involves the use of new and advanced technologies. Microgrids involve a wide array of equipment related to power generation resources, distribution infrastructure, and control systems. These components can be classified into infrastructure, generation, and controls and need to be connected and monitored with advanced control and communications technologies.

A microgrid is built according to the needs of various dynamic load types and is capable of operating under varying grid conditions. However, most of the microgrids are usually built upon existing infrastructure and are custom fitted with the equipment to meet customer needs. Therefore, there is no fixed cost for microgrids. 

Apart from this, the components of microgrids need to be integrated with several other technologies for them to have the required platform functionalities. This results in increased production costs of the equipment. In the US, for microgrids to interact with the local utility distribution grids, it is highly desirable that they meet mandatory standards such as IEEE 1547 standards. This is crucial to the control system of microgrids as they need to interface with local utility systems such as energy management systems (EMS), distribution management systems (DMS), and supervisory control and data acquisition (SCADA) systems to ensure that both the systems work reliably and efficiently. The high cost of microgrid components is expected to become a major barrier to the growth of the global remote microgrid market during the forecast period.

Key Microgrid Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Microgrid Market Customer Landscape

Who are the Major Microgrid Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the remote microgrid market,

Siemens AG - The company operates under multiple segments including digital industries, and mobility among others with a high focus on digital industries. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ABB Ltd.
  • Anbaric Development Partners LLC
  • Canopy Power
  • Eaton Corp. Plc
  • Emerson Electric Co
  • Exelon Corp
  • General Electric Co.
  • General MicroGrids
  • Gram Power (India) Pvt. Ltd.
  • Honeywell International Inc.
  • Pareto Energy
  • Power Analytics Global Corp.
  • Powerhive Inc.
  • S and C Electric Co.
  • Schneider Electric SE

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Microgrid Market?

The market share growth by the remote segment will be significant during the forecast period. Remote microgrids have found applications mostly in villages where grid-connected power is not accessible or is available only for a limited period. India, Indonesia, and several countries in Africa and Southeast Asia are the prospective markets for remote microgrids.

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The remote segment shows a gradual increase in the market share of USD 7,664.38 million in 2017 and continued to grow until 2021. It is expected that the majority of the growing power demand from remote villages needs to be met by remote microgrid systems as there is a significant increase in demand for electricity compared with the expansion rate of conventional electricity grids. The growing demand for electrical power is the main reason for the increased deployment of remote microgrid systems. Remote microgrids are mostly deployed in areas where connected grid power is not possible or feasible. These remote microgrids need to be self-sustainable. To function efficiently, remote systems need to generate a specified amount of electricity by implementing microgrids. Generally, remote microgrids are not connected to grids and employ standalone power sources, such as diesel generators and solar and wind energy sources, to meet the entire power load requirements. Energy storage systems are also deployed to store the excess power generated from solar and wind resources, which allows the production of clean and low-cost electricity as long as there is sufficient solar irradiation and wind speed, thus ensuring a continuous and reliable power supply. Remote microgrids are capable of offering ancillary services, such as frequency and load regulation, which are beneficial for utilities by increasing the share of renewable energy sources in the grid. This is expected to drive the adoption of the remote microgrid market during the forecast period.

Which are the Key Regions for the Microgrid Market?

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North America is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Increased initiatives from the US government for implementing energy-efficient power solutions are driving market growth in the region. The US government offers to fund technologies that help in improving the resiliency of power systems. Rapid advances in the energy sector have propelled the adoption of microgrids in the region. The region is expected to remain the leading revenue contributor to the market during the forecast period. Remote systems and the military are the two major sections contributing to the growth of microgrids in the region.

Microgrids are mostly powered by fossil fuels. However, the share of renewable energy resources is expected to grow significantly as large utilities must comply with state-specific mandates to diversify the use of renewables under the Renewable Portfolio Standards (RPS). In the US, 33 states have implemented their own mandates for RPS. Therefore, power utilities can meet these RPS mandates using microgrids that have renewable power generation capabilities.

In 2020, the outbreak of COVID-19 delayed the construction of new microgrid projects in North America. However, with the lifting of lockdowns due to the initiation of vaccination drives, solar power installations increased in North America, primarily across the power unitality sector. In 2021, solar energy contributed 40% to 45% of the total electricity capacity added to the grid in the US. Such factors will supplement the growth of the microgrid market in North America during the forecast period.

Segment Overview

The microgrid market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Remote
    • Institutions and campus
    • Military
    • Others
  • Connectivity Outlook (USD Million, 2017 - 2027)
    • Grid-connected
    • Off-grid connected
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Microgrid Market Scope

Report Coverage

Details

Page number

175

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 13.6%

Market growth 2023-2027

USD 25,623.76 million

Market structure

Fragmented

YoY growth 2022-2023(%)

11.95

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 29%

Key countries

US, China, Australia, Russia, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Anbaric Development Partners LLC, Canopy Power, Eaton Corp. Plc, Emerson Electric Co, Exelon Corp, General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Microgrid Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the microgrid market between 2023 and 2027
  • Precise estimation of the microgrid market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, APAC, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of microgrid market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Connectivity
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global microgrid market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global microgrid market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Connectivity Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Connectivity Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Remote - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Remote - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Remote - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Remote - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Remote - Year-over-year growth 2022-2027 (%)
    • 6.4 Institutions and campus - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Institutions and campus - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Institutions and campus - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Institutions and campus - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Institutions and campus - Year-over-year growth 2022-2027 (%)
    • 6.5 Military - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Military - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Military - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Military - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Military - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)

    7 Market Segmentation by Connectivity

    • 7.1 Market segments
      • Exhibit 51: Chart on Connectivity - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Connectivity - Market share 2022-2027 (%)
    • 7.2 Comparison by Connectivity
      • Exhibit 53: Chart on Comparison by Connectivity
      • Exhibit 54: Data Table on Comparison by Connectivity
    • 7.3 Grid connected - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Grid connected - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Grid connected - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Grid connected - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Grid connected - Year-over-year growth 2022-2027 (%)
    • 7.4 Off-grid connected - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Off-grid connected - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Off-grid connected - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Off-grid connected - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Off-grid connected - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Connectivity
      • Exhibit 63: Market opportunity by Connectivity ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Russia - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Australia - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Australia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Australia - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Australia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 116: ABB Ltd. - Overview
              • Exhibit 117: ABB Ltd. - Business segments
              • Exhibit 118: ABB Ltd. - Key news
              • Exhibit 119: ABB Ltd. - Key offerings
              • Exhibit 120: ABB Ltd. - Segment focus
            • 12.4 Eaton Corp. Plc
              • Exhibit 121: Eaton Corp. Plc - Overview
              • Exhibit 122: Eaton Corp. Plc - Business segments
              • Exhibit 123: Eaton Corp. Plc - Key news
              • Exhibit 124: Eaton Corp. Plc - Key offerings
              • Exhibit 125: Eaton Corp. Plc - Segment focus
            • 12.5 Emerson Electric Co
              • Exhibit 126: Emerson Electric Co - Overview
              • Exhibit 127: Emerson Electric Co - Business segments
              • Exhibit 128: Emerson Electric Co - Key news
              • Exhibit 129: Emerson Electric Co - Key offerings
              • Exhibit 130: Emerson Electric Co - Segment focus
            • 12.6 Exelon Corp
              • Exhibit 131: Exelon Corp - Overview
              • Exhibit 132: Exelon Corp - Business segments
              • Exhibit 133: Exelon Corp - Key offerings
              • Exhibit 134: Exelon Corp - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 135: General Electric Co. - Overview
              • Exhibit 136: General Electric Co. - Business segments
              • Exhibit 137: General Electric Co. - Key news
              • Exhibit 138: General Electric Co. - Key offerings
              • Exhibit 139: General Electric Co. - Segment focus
            • 12.8 General MicroGrids
              • Exhibit 140: General MicroGrids - Overview
              • Exhibit 141: General MicroGrids - Product / Service
              • Exhibit 142: General MicroGrids - Key offerings
            • 12.9 Honeywell International Inc.
              • Exhibit 143: Honeywell International Inc. - Overview
              • Exhibit 144: Honeywell International Inc. - Business segments
              • Exhibit 145: Honeywell International Inc. - Key news
              • Exhibit 146: Honeywell International Inc. - Key offerings
              • Exhibit 147: Honeywell International Inc. - Segment focus
            • 12.10 Pareto Energy
              • Exhibit 148: Pareto Energy - Overview
              • Exhibit 149: Pareto Energy - Product / Service
              • Exhibit 150: Pareto Energy - Key offerings
            • 12.11 Powerhive Inc.
              • Exhibit 151: Powerhive Inc. - Overview
              • Exhibit 152: Powerhive Inc. - Product / Service
              • Exhibit 153: Powerhive Inc. - Key offerings
            • 12.12 S and C Electric Co.
              • Exhibit 154: S and C Electric Co. - Overview
              • Exhibit 155: S and C Electric Co. - Product / Service
              • Exhibit 156: S and C Electric Co. - Key offerings
            • 12.13 Schneider Electric SE
              • Exhibit 157: Schneider Electric SE - Overview
              • Exhibit 158: Schneider Electric SE - Business segments
              • Exhibit 159: Schneider Electric SE - Key news
              • Exhibit 160: Schneider Electric SE - Key offerings
              • Exhibit 161: Schneider Electric SE - Segment focus
            • 12.14 Siemens AG
              • Exhibit 162: Siemens AG - Overview
              • Exhibit 163: Siemens AG - Business segments
              • Exhibit 164: Siemens AG - Key news
              • Exhibit 165: Siemens AG - Key offerings
              • Exhibit 166: Siemens AG - Segment focus
            • 12.15 Tesla Inc.
              • Exhibit 167: Tesla Inc. - Overview
              • Exhibit 168: Tesla Inc. - Business segments
              • Exhibit 169: Tesla Inc. - Key news
              • Exhibit 170: Tesla Inc. - Key offerings
              • Exhibit 171: Tesla Inc. - Segment focus
            • 12.16 TotalEnergies SE
              • Exhibit 172: TotalEnergies SE - Overview
              • Exhibit 173: TotalEnergies SE - Business segments
              • Exhibit 174: TotalEnergies SE - Key news
              • Exhibit 175: TotalEnergies SE - Key offerings
              • Exhibit 176: TotalEnergies SE - Segment focus
            • 12.17 UL LLC
              • Exhibit 177: UL LLC - Overview
              • Exhibit 178: UL LLC - Product / Service
              • Exhibit 179: UL LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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