Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Connectivity (Grid-connected, Off-grid), By Offering (Hardware, Software, Services), By Power Source (Natural Gas, Solar PV, Combined Heat and Power, Diesel, Fuel Cell, Others), By Power Rating (Less than 1 MW, 1 MW to 5 MW, 5 MW to 10 MW, More than 10 MW) And Competitive Landscape
Product Code: ETC4610435 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Microgrid Market |
Forecast period | 2025-2031 |
CAGR | 11% |
Growing Sector | Commercial |
Europe Microgrid Market Report thoroughly covers the market by product types, applications, and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe microgrid market is mainly driven by growing demand for reliable and sustainable energy sources. With increasing concerns over climate change, there is a significant shift towards renewable energy sources in Europe. By incorporating these renewable resources into the current electrical system, microgrids provide a way to increase its resilience and lower greenhouse gas emissions. Additionally, a growing number of government programs and regulations encouraging the use of microgrids are fueling the expansion of the market.
According to 6Wresearch, Europe Microgrid Market Report size is expected to grow at a significant CAGR of 11% during 2025-2031. This rapid expansion can be ascribed to various factors, including the growing popularity of electric vehicles, the need for off-grid power solutions in rural places, and the development of energy storage technology. Growth in the market is also anticipated as a result of microgrids' integration of artificial intelligence (AI) and the Internet of Things (IoT). The primary drivers of the Europe microgrid market include government initiatives and policies promoting renewable energy sources, increasing investments in smart grid infrastructure, and rising concerns over energy security. However, challenges such as high initial costs, lack of standardization, and regulatory barriers may hinder the growth of the market.
The European microgrid industry is dominated by a number of major companies, including ABB Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., Eaton Corporation PLC, S&C Electric Company, Echelon Corporation, and Spirae Inc. In order to increase their market presence and provide cutting-edge solutions, these firms are concentrating on strategic alliances and partnerships.
Governments around the world have launched various initiatives and policies that aim to encourage the adoption of microgrids. In the United States, the Department of Energy has announced several programs to support research, development, as well as deployment of microgrid technologies. In a similar vein, the European Union finances initiatives pertaining to the advancement of smart grid technology and the incorporation of renewable energy sources. These programs should accelerate the expansion of the Europe microgrid market.
The Europe microgrid market is expected to witness significant growth in the coming years, driven by technological advancements and increasing investments in renewable energy sources. It is anticipated that the incorporation of cutting-edge technology like blockchain and artificial intelligence into microgrids would open up new business prospects for industry participants. The growing popularity of electric cars and developments in smart grid technology will also drive up demand for microgrids in Europe. But for the market to grow steadily, issues with cost-effectiveness and regulatory frameworks must be resolved.
Grid-connected microgrids are anticipated to grow at a faster pace during the forecast period. The growing emphasis on incorporating renewable energy sources into the current electrical infrastructure is the reason behind this.
The commercial and residential segment is expected to dominate the Europe microgrid market. This can be attributed to the increasing adoption of microgrids in small businesses, households, and communities for reliable and affordable energy supply.
Germany is recognized as one of the leading markets for microgrids due to its strong focus on clean energy as well as decreasing dependence on fossil fuels. Microgrid demand has increased as a result of the nation's expansive Energiewende program, which attempts to switch to renewable energy sources.
The Europe Microgrid Market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Microgrid Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Microgrid Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Microgrid Market - Industry Life Cycle |
3.4 Europe Microgrid Market - Porter's Five Forces |
3.5 Europe Microgrid Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Microgrid Market Revenues & Volume Share, By Connectivity , 2021 & 2031F |
3.7 Europe Microgrid Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.8 Europe Microgrid Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.9 Europe Microgrid Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 Europe Microgrid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Microgrid Market Trends |
6 Europe Microgrid Market, 2021 - 2031 |
6.1 Europe Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
6.2 Europe Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
6.3 Europe Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
6.4 Europe Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
7 Germany Microgrid Market, 2021 - 2031 |
7.1 Germany Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
7.2 Germany Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
7.3 Germany Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
7.4 Germany Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
8 United Kingdom Microgrid Market, 2021 - 2031 |
8.1 United Kingdom Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
8.2 United Kingdom Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
8.3 United Kingdom Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
8.4 United Kingdom Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
9 France Microgrid Market, 2021 - 2031 |
9.1 France Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
9.2 France Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
9.3 France Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
9.4 France Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
10 Italy Microgrid Market, 2021 - 2031 |
10.1 Italy Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
10.2 Italy Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
10.3 Italy Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
10.4 Italy Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
11 Russia Microgrid Market, 2021 - 2031 |
11.1 Russia Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
11.2 Russia Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
11.3 Russia Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
11.4 Russia Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
12 Spain Microgrid Market, 2021 - 2031 |
12.1 Spain Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
12.2 Spain Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
12.3 Spain Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
12.4 Spain Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
13 Rest of Europe Microgrid Market, 2021 - 2031 |
13.1 Rest of Europe Microgrid Market, Revenues & Volume, By Connectivity , 2021 - 2031 |
13.2 Rest of Europe Microgrid Market, Revenues & Volume, By Offering , 2021 - 2031 |
13.3 Rest of Europe Microgrid Market, Revenues & Volume, By Power Source, 2021 - 2031 |
13.4 Rest of Europe Microgrid Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
14 Europe Microgrid Market Key Performance Indicators |
15 Europe Microgrid Market - Opportunity Assessment |
15.1 Europe Microgrid Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Microgrid Market Opportunity Assessment, By Connectivity , 2021 & 2031F |
15.3 Europe Microgrid Market Opportunity Assessment, By Offering , 2021 & 2031F |
15.4 Europe Microgrid Market Opportunity Assessment, By Power Source, 2021 & 2031F |
15.5 Europe Microgrid Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
16 Europe Microgrid Market - Competitive Landscape |
16.1 Europe Microgrid Market Revenue Share, By Companies, 2024 |
16.2 Europe Microgrid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |