Product Code: 2833
North America Microgrid Market trends are speculated to be propelled by 2030 end. Increasing investment in sustainable energy technologies and deployment of distributed generating technologies would augment the market progression.
Additionally, mounting concerns around emissions and introduction to national emission targets across the region would further influence the industry scenario over 2022-2030. In 2021, the US President announced a new target for the nation to accomplish a 50% to 52% reduction from 2005 levels in net GHG pollution in 2030.
Overall, the North America microgrid market is bifurcated into connectivity, grid type, power source, storage devices, application, and regions.
In terms of grid type, the hybrid microgrids are foreseen to depict notable growth rate between 2022-2030. Factors like high efficiency, low operating cost, and reliability are favoring the segmental growth. Moreover, ease of compatibility with both AC and DC microgrid and surging demand for effective distributed generation technologies would impel the market demand.
Based on the power source, solar PV microgrid market across North America is projected to amass considerable returns through 2030. This could be credited to the rising solar PV microgrid deployment across remote and off grid areas, in line with shifting trends to reduce resiliency on diesel. Favorable regulatory policies such as tax rebates, subsidies, and investment tax credits have supported the product demand.
Considering the application spectrum, microgrids are estimated to observe crucial growth across military applications. Burgeoning demand for stable electricity supply and a rising need for cyber security would bolster the product adoption. In addition, rising need for power backups by integrating Solar PV with energy storage would expand the business prospects.
In contrary, hefty investments in development of off-grid electricity network would impel the product deployment across remote areas. The remote application segment captured a business share of more than 50% in 2021. Promising regulatory policies to deliver electricity at remote locations would further stimulate the industry outlook during 2022-2030.
Geographically, the United States microgrid market would expand exponentially through 2030 subject to the increasing focus toward public utility distribution microgrids and substantial growth of investor-owned utility projects. The regional power sector has been transitioning from a centralized system toward a distributed system, generating lucrative opportunities for the market players. Smart technologies have offered high reliability, flexibility, and choice along with their energy supply and cost management.
Industry behemoths such as Eaton, General Electric, ABB, Caterpillar, Honeywell International, Inc., Hitachi Energy Ltd, Siemens, and others, are focusing on inorganic growth ventures including acquisitions, partnerships, and product launches to score an edge in the marketplace.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimates & forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 North America Microgrid Industry Insights
- 2.1 Industry ecosystem analysis
- 2.2 Innovation & technology landscape
- 2.2.1 HOMER Energy, LLC
- 2.2.2 S&C Electric Company
- 2.2.3 Heila Technologies
- 2.2.4 Eaton
- 2.2.5 Siemens
- 2.2.6 Tesla
- 2.2.7 Hitachi ABB Power Grids
- 2.2.8 Schneider Electric
- 2.3 Regulatory landscape
- 2.3.1 U.S.
- 2.3.1.1 Energy Policy Act, 2005
- 2.3.1.2 California Public Utility Commission
- 2.3.1.3 Electronic Code of Federal Regulations
- 2.3.1.4 Safety and Health Regulations for Construction
- 2.3.1.5 DOE VTO Advanced Battery R&D Program
- 2.3.1.6 Mercury-Containing and Rechargeable Battery Management Act of 1996
- 2.3.2 Canada
- 2.3.2.1 CAN/CSA-C22.2 No. 257-06
- 2.3.2.2 CAN/CSA-C22.3 No. 9-08
- 2.4 COVID- 19 impact on the industry outlook
- 2.5 Industry impact forces
- 2.5.1 Growth drivers
- 2.5.1.1 Renewable energy integration
- 2.5.1.2 Aging grid infrastructure
- 2.5.2 Industry pitfalls & challenges
- 2.5.2.1 High capital cost
- 2.6 Growth potential analysis
- 2.7 Porter's Analysis
- 2.7.1 Bargaining power of supplier
- 2.7.2 Bargaining power of buyer
- 2.7.3 Threat of new entrant
- 2.7.4 Threat of substitutes
- 2.8 Competitive landscape, 2022
- 2.8.1 Strategy dashboard
- 2.8.1.1 Caterpillar
- 2.8.1.1.1 Acquisition
- 2.8.1.1.2 Product launch
- 2.8.1.2 Tesla
- 2.8.1.2.1 Product deployment
- 2.8.1.3 Siemens
- 2.8.1.3.1 Product deployment
- 2.8.1.3.2 Project development
- 2.8.1.3.3 Partnership
- 2.8.1.3.4 Acquisition
- 2.8.1.4 General Electric
- 2.8.1.4.1 Business expansion
- 2.8.1.4.2 New product launch
- 2.8.1.5 Hitachi Energy Ltd.
- 2.8.1.5.1 Product deployment
- 2.8.1.6 Heila Technologies
- 2.8.1.7 S&C Electric Company
- 2.8.1.8 Eaton Corporation
- 2.8.1.9 Schneider Electric
- 2.8.1.9.1 Project developments
- 2.8.1.9.2 Product launch
- 2.8.1.9.3 Investment
- 2.8.1.10 ABB
- 2.8.1.10.1 Joint venture
- 2.8.1.10.2 Partnership
- 2.8.1.10.3 Acquisition
- 2.8.1.11 Homer Energy, LLC
- 2.8.1.11.1 Installation/supply
- 2.9 PESTEL Analysis
Chapter 3 North America Microgrid Market, By Connectivity
- 3.1 North America microgrid market share by connectivity, 2021 & 2030
- 3.2 Grid connected
- 3.2.1 North America market from grid connected, 2018 - 2030
- 3.2.2 North America market from grid connected, by country, 2018 - 2030
- 3.3 Off grid
- 3.3.1 North America market from off grid, 2018 - 2030
- 3.3.2 North America market from off grid, by country, 2018 - 2030
Chapter 4 North America Microgrid Market, By Grid Type
- 4.1 North America microgrid market share by grid type, 2021 & 2030
- 4.2 AC microgrid
- 4.2.1 North America market from AC microgrid, 2018 - 2030
- 4.2.2 North America market from AC microgrid, by country, 2018 - 2030
- 4.3 DC microgrid
- 4.3.1 North America market from DC microgrid, 2018 - 2030
- 4.3.2 North America market from DC microgrid, by country, 2018 - 2030
- 4.4 Hybrid
- 4.4.1 North America market from hybrid, 2018 - 2030
- 4.4.2 North America market from hybrid, by country, 2018 - 2030
Chapter 5 North America Microgrid Market, By Power Source
- 5.1 North America microgrid market share by power source, 2021 & 2030
- 5.2 Diesel generators
- 5.2.1 North America market from diesel generators, 2018 - 2030
- 5.2.2 North America market from diesel generators, by country, 2018 - 2030
- 5.3 Natural gas
- 5.3.1 North America market from natural gas, 2018 - 2030
- 5.3.2 North America market from natural gas, by country, 2018 - 2030
- 5.4 Solar PV
- 5.4.1 North America market from solar PV, 2018 - 2030
- 5.4.2 North America market from solar PV, by country, 2018 - 2030
- 5.5 CHP
- 5.5.1 North America market from CHP, 2018 - 2030
- 5.5.2 North America market from CHP, by country, 2018 - 2030
- 5.6 Others
- 5.6.1 North America market from others, 2018 - 2030
- 5.6.2 North America market from others, by country, 2018 - 2030
Chapter 6 North America Microgrid Market, By Storage Device
- 6.1 North America microgrid market share by storage device, 2021 & 2030
- 6.2 Lithium-ion
- 6.2.1 North America market from lithium-ion, 2018 - 2030
- 6.2.2 North America market from lithium-ion, by country, 2018 - 2030
- 6.3 Lead acid
- 6.3.1 North America market from lead acid, 2018 - 2030
- 6.3.2 North America market from lead acid, by country, 2018 - 2030
- 6.4 Flow battery
- 6.4.1 North America market from flow battery, 2018 - 2030
- 6.4.2 North America market from flow battery, by country, 2018 - 2030
- 6.5 Flywheels
- 6.5.1 North America market from flywheels, 2018 - 2030
- 6.5.2 North America market from flywheels, by country, 2018 - 2030
- 6.6 Others
- 6.6.1 North America market from others, 2018 - 2030
- 6.6.2 North America market from others, by country, 2018 - 2030
Chapter 7 North America Microgrid Market, By Application
- 7.1 North America microgrid market share by application, 2021 & 2030
- 7.2 Healthcare
- 7.2.1 North America market from healthcare, 2018 - 2030
- 7.2.2 North America market from healthcare, by country, 2018 - 2030
- 7.3 Educational institutes
- 7.3.1 North America market from educational institutes, 2018 - 2030
- 7.3.2 North America market from educational institutes, by country, 2018 - 2030
- 7.4 Military
- 7.4.1 North America market from military, 2018 - 2030
- 7.4.2 North America market from military, by country, 2018 - 2030
- 7.5 Utility
- 7.5.1 North America market from utility, 2018 - 2030
- 7.5.2 North America market from utility, by country, 2018 - 2030
- 7.6 Industrial/ commercial
- 7.6.1 North America market from industrial/ commercial, 2018 - 2030
- 7.6.2 North America market from industrial/ commercial, by country, 2018 - 2030
- 7.7 Remote
- 7.7.1 North America market from remote, 2018 - 2030
- 7.7.2 North America market from remote, by country, 2018 - 2030
- 7.8 Others
- 7.8.1 North America market from others, 2018 - 2030
- 7.8.2 North America market from others, by country, 2018 - 2030
Chapter 8 North America Microgrid Market, By Country
- 8.1 North America microgrid market share by country, 2021 & 2030
- 8.2 U.S.
- 8.2.1 U.S. market, 2018 - 2030
- 8.2.2 U.S. market by connectivity, 2018 - 2030
- 8.2.3 U.S. market by grid type, 2018 - 2030
- 8.2.4 U.S. market by power source, 2018 - 2030
- 8.2.5 U.S. market by storage device, 2018 - 2030
- 8.2.6 U.S. market by application, 2018 - 2030
- 8.3 Canada
- 8.3.1 Canada market, 2018 - 2030
- 8.3.2 Canada market by connectivity, 2018 - 2030
- 8.3.3 Canada market by grid type, 2018 - 2030
- 8.3.4 Canada market by power source, 2018 - 2030
- 8.3.5 Canada market by storage device, 2018 - 2030
- 8.3.6 Canada market by application, 2018 - 2030
- 8.4 Mexico
- 8.4.1 Mexico market, 2018 - 2030
- 8.4.2 Mexico market by connectivity, 2018 - 2030
- 8.4.3 Mexico market by grid type, 2018 - 2030
- 8.4.4 Mexico market by power source, 2018 - 2030
- 8.4.5 Mexico market by storage device, 2018 - 2030
- 8.4.6 Mexico market by application, 2018 - 2030
Chapter 9 Company Profiles
- 9.1 General Electric
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
- 9.2 Eaton
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
- 9.3 Siemens
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
- 9.4 Schneider Electric
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
- 9.5 Caterpillar
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
- 9.6 ABB
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
- 9.7 Honeywell International, Inc.
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 SWOT Analysis
- 9.8 Toshiba Corporation
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 SWOT Analysis
- 9.9 Advanced Microgrid Systems (AMS)
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 SWOT Analysis
- 9.10 Tesla
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 Strategic Outlook
- 9.10.5 SWOT Analysis
- 9.11 S&C Electric Company
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 Strategic Outlook
- 9.11.5 SWOT Analysis
- 9.12 Hitachi Energy Ltd.
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 Strategic Outlook
- 9.12.5 SWOT Analysis
- 9.13 General Microgrids
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Product Landscape
- 9.13.4 SWOT Analysis
- 9.14 Heila Technologies
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Product Landscape
- 9.14.4 SWOT Analysis
- 9.15 Exelon Corporation
- 9.15.1 Business Overview
- 9.15.2 Financial Data
- 9.15.3 Product Landscape
- 9.15.4 SWOT Analysis