Top Global Microgrid Market Players

Oct 15, 2021

Top Global Microgrid Market Players

The global microgrid market size reached US$ 25.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 49.2 Billion by 2027, exhibiting at a CAGR of 11.2% during 2022-2027. Leading players operating in the industry are currently offering a comprehensive portfolio of products, solutions, and services that help build and operate microgrids in different designs and sizes. They are also engaged in generating and distributing electrical energy and monitoring and controlling microgrids. Moreover, the growing focus of several governing agencies on sustainable power distribution is presenting lucrative growth opportunities to market players. This can be accredited to rising environmental concerns, inflating prices of non-renewable fuel sources and the assistance offered by microgrids in meeting environmental objectives by utilizing renewable energy. Apart from this, rapid digitalization and a considerable shift from centralized unidirectional to resilient, distributed energy systems are anticipated to influence the adoption of microgrids across the globe positively.

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List of Largest Microgrid Companies in the World:

Lockheed Martin Corporation

Establishment: 1995
Headquarters: Maryland, United States

Lockheed Martin Corporation is a global aerospace and security company engaged in the research, design, integration, development, manufacture, and sustainment of advanced technology systems, products, and services. It also provides a range of management, engineering, technical, scientific, logistic, and information services. It generally operates through four business segments, which include aeronautics, electronic systems, information systems and global services, and space systems. In addition, the company works in collaboration with the U.S. Department of Defense and U.S. federal government agencies to supply military and rotary-wing aircraft.

ABB Group

Establishment: 1988
Headquarters: Zürich, Switzerland

ABB Group is a global technology leader that has organized business operations into four key areas, including electrification, process automation, motion, and robotics and discrete automation. It offers a wide range of products, digital services, and solutions for process and hybrid industries. It also provides value-added solutions in robotics, machine, and factory automation. Apart from this, it serves a diverse customer base of manufacturers in the automotive, electronics, food and beverage (F&B), pharmaceutical, logistics, and other allied industries across the globe.

General Electric Group

Establishment: 1892
Headquarters: Massachusetts, United States

General Electric Group offers technology and financial services to manufacturers operating in the power, renewable energy, aviation, and healthcare industries. It also provides equipment and services for commercial and military aircraft. Moreover, it delivers solutions across additive manufacturing, materials science, and data analytics. Besides this, it is focusing on becoming a net-zero company and achieving carbon neutrality in operations and facilities.

Eaton Corporation Plc

Establishment: 1911
Headquarters: Dublin, Ireland

Eaton Corporation Plc is one of the leading suppliers of power management technologies, which ranges from circuit breakers, switchgear, machine controls to providing maximum uptime and guarding against power surges or outages. It provides a comprehensive variety of energy-efficient electrical solutions that help manage electrical, hydraulic, and mechanical power effectively, reliably, efficiently, safely, and sustainably. Moreover, the company serves a wide range of markets, including residential, institutional, and commercial buildings, utilities, industrial facilities, data centers, oil and gas, mining, and machine original equipment manufacturers (OEMs).

Siemens AG

Establishment: 1847
Headquarters: Munich, Germany

Siemens AG is a technology leader that operates in the infrastructure, transport, and healthcare sectors. It also provides technical expertise and a comprehensive portfolio of state-of-the-art solutions in the IT, finance, and energy fields. It focuses on creating innovative technology to transform resource-efficient factories, resilient supply chains, smart buildings and grids, clean and comfortable transportation, and advanced healthcare. Besides this, it aims to advance flexible manufacturing processes and create new opportunities and offer value to customers.


About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global microgrid market and North America, which has enabled the clients to set up and expand their businesses successfully. Some of the company’s offerings include:

  • Market Research
  • Plant setup
  • Plant Expansion
  • Marketing and sales
  • Procurement and Distribution
  • Innovation and Product Development

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