A microgrid is a small power grid with defined boundaries that can operate both when connected to the larger electrical grid and as an "island" when there's an interruption on the main grid. It draws on distributed energy resources, like solar power, to serve customers within the microgrid footprint. These benefits extend to surrounding communities, with reliable energy allowing better access to food, supplies and public services.
The industry's leading manufacturers are ABB, NEC and GE, with revenues of 7.61%, 5.68% and 4.85% respectively in 2019.

Market Analysis and Insights: Global Microgrid Market
The research report studies the Microgrid market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Microgrid market size is projected to reach US$ 61810 million by 2026, from US$ 27070 million in 2020, at a CAGR of 14.8% during 2021-2026.

Global Microgrid Scope and Segment
The global Microgrid market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Microgrid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Microgrid market is segmented into
Grid-Tied
Independent

Segment by Application, the Microgrid market is segmented into
Commercial or Industrial Microgrid
Community or Utility Microgrid
Campus or Institutional Microgrid
Military Microgrid
Remote Microgrid

Global Microgrid market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
S&C Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids