The North America microgrid market reached a value of US$ 10.1 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 10.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A microgrid refers to a distinct energy system consisting of interconnected loads and distributed energy resources that operate parallelly, or independently from the main power grid. Similar to contemporary electrical grid, a microgrid consists of power generation system, distribution system, and controls, such as voltage regulation and switch gears. It provides power backup for the grid in case of emergencies and is cost-effective. Additionally, it performs dynamic control over energy sources by enabling autonomous and automatic self-healing operations. Some of the other benefits offered by a microgrid include enhancing reliability, reducing greenhouse gas (GHG) emissions, and lowering stress on the transmission and distribution system. As a result, it provides local, reliable, and affordable energy security for urban and rural communities as well as offer solutions for commercial, industrial and federal government consumers.
The North America microgrid market is currently being driven by several factors. The escalating demand for microgrid is based on the availability of reliable, stable and affordable power. Moreover, the usage of microgrid in defense and remote areas to enhance security against cyberattacks and threat of grid outages have also increased its demand in the region. Apart from this, several government initiatives are being implemented to provide energy-efficient power solutions. Additionally, rising environmental concerns and technological innovations will continue to spur the microgrid market growth in the coming years.
Report Scope:
- North America Microgrid Market
- Key Regions Analysed
- Analysis for Each Country
- Market by Energy Source
- Natural Gas
- Combined Heat and Power
- Solar Photovoltaic (PV)
- Diesel
- Fuel Cell
- Others
- Market by Application
- Remote Systems
- Institution and Campus
- Utility/Community
- Defense
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverages:
Report Features |
Details |
---|
Base Year of the Analysis |
2020 |
Historical Period |
2015-2020 |
Forecast Period |
2021-2026 |
Units |
US$ Billion |
Segment Coverage |
Energy Source, Application, Country |
Countries Covered |
United States, Canada |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License $ 2499
Five User License $ 3499
Corporate License $ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the North America microgrid market performed so far and how will it perform in the coming years?
- What are the key regions in the North America microgrid market?
- What has been the impact of COVID-19 on the North America microgrid market?
- What is the breakup of the North America microgrid market on the basis of energy source?
- What is the breakup of the North America microgrid market on the basis of application?
- What are the various stages in the value chain of the North America microgrid industry?
- What are the key driving factors and challenges in the North America microgrid industry?
- What is the structure of the North America microgrid industry and who are the key players?
- What is the degree of competition in the North America microgrid industry?
- What are the profit margins in the North America microgrid industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Microgrid Market
5.1 Market Performance
5.2 Market Breakup by Energy Source
5.3 Market Breakup by Application
5.4 Market Breakup by Region
5.5 Market Forecast
6 North America Microgrid Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 North America Microgrid Market: Breakup by Energy Source
7.1 Natural Gas
7.2 Combined Heat and Power
7.3 Solar Photovoltaic (PV)
7.4 Diesel
7.5 Fuel Cell
7.6 Others
8 North America Microgrid Market: Breakup by Application
8.1 Remote Systems
8.2 Institution and Campus
8.3 Utility/Community
8.4 Defense
8.5 Others
9 North America Microgrid Market: Breakup by Country
9.1 United States
9.1.1 Historical market Trends
9.1.2 Market Breakup by Energy Source
9.1.3 Market Breakup by Application
9.1.4 Market Forecast
9.2 Canada
9.2.1 Historical market Trends
9.2.2 Market Breakup by Energy Source
9.2.3 Market Breakup by Application
9.2.4 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Overview
11.2 Raw Material Suppliers
11.3 Sub-Components and Sub-Systems Manufacturers
11.4 Microgrid Manufacturers
11.5 Microgrid Control
11.6 Power Distribution
11.7 End-Use Industries
12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
List of Figures
Figure 1: Global: Microgrid Market: Sales Value (in Billion US$), 2015-2020
Figure 2: Global: Microgrid Market: Breakup by Energy Source (in %), 2020
Figure 3: Global: Microgrid Market: Breakup by Application (in %), 2020
Figure 4: Global: Microgrid Market: Breakup by Region (in %), 2020
Figure 5: Global: Microgrid Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 6: North America: Microgrid Market: Sales Value (in Billion US$), 2015-2020
Figure 7: North America: Microgrid Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: North America: Microgrid Market: Breakup by Energy Source (in %), 2020
Figure 9: North America: Microgrid (Natural Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: North America: Microgrid (Natural Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: North America: Microgrid (Combined Heat and Power) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: North America: Microgrid (Combined Heat and Power) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: North America: Microgrid (Solar Photovoltaic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: North America: Microgrid (Solar Photovoltaic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: North America: Microgrid (Diesel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: North America: Microgrid (Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: North America: Microgrid (Fuel Cell) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: North America: Microgrid (Fuel Cell) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: North America: Microgrid (Other Energy Sources) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: North America: Microgrid (Other Energy Sources) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: North America: Microgrid Market: Breakup by Application (in %), 2020
Figure 22: North America: Microgrid (Remote Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: North America: Microgrid (Remote Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: North America: Microgrid (Institution and Campus) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: North America: Microgrid (Institution and Campus) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Microgrid (Utility/Community) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Microgrid (Utility/Community) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Microgrid (Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: North America: Microgrid (Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Microgrid (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: Microgrid (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North America: Microgrid Market: Breakup by Country (in %), 2020
Figure 33: United States: Microgrid Market: Sales Value (in Million US$), 2015-2020
Figure 34: United States: Microgrid Market: Breakup by Energy Source (in %), 2020
Figure 35: United States: Microgrid Market: Breakup by Application (in %), 2020
Figure 36: United States: Microgrid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Microgrid Market: Sales Value (in Million US$), 2015-2020
Figure 38: Canada: Microgrid Market: Breakup by Energy Source (in %), 2020
Figure 39: Canada: Microgrid Market: Breakup by Application (in %), 2020
Figure 40: Canada: Microgrid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: North America: Microgrid Industry: SWOT Analysis
Figure 42: North America: Microgrid Industry: Value Chain Analysis
Figure 43: North America: Microgrid Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: North America: Microgrid Market: Key Industry Highlights, 2020 and 2026
Table 2: North America: Microgrid Market Forecast: Breakup by Energy Source (in Million US$), 2021-2026
Table 3: North America: Microgrid Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: North America: Microgrid Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 5: North America: Microgrid Market: Competitive Structure
Table 6: North America: Microgrid Market: Key Players