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Europe Grid Connected Microgrid Market Share

Report ID: GMI9447
Published Date: May 2024
Report Format: PDF

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Europe Grid Connected Microgrid Market Share

Eminent market players are improving collaboration with technology providers, energy companies, research institutions, and government agencies to enable access to complementary technologies, expertise, and resources, market penetration, and the development of integrated solutions that address evolving customer requirements. Key players are also expanding their product portfolios to offer a comprehensive range of solutions including advanced microgrid controllers, energy management systems, renewable energy integration solutions, and energy storage technologies to enhance market reach.

Europe Grid Connected Microgrid Market Companies

Eminent players operating in the Europe grid connected microgrid industry are:

ABB
Advanced Energy Industries
Emerson
FlexGen
General Electric
Hitachi Energy Ltd.
Honeywell International Inc
PowerSecure
Princeton Power Systems
Siemens AG
Schweitzer Engineering Laboratories, Inc.
S&C Electric Company
Schneider Electric
Tesla

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Europe grid connected microgrid was ached USD 3.8 billion in 2023 and is anticipated to witness more than 15.9% CAGR between 2024 and 2032, owing to supportive government policies and incentives.

The solar PV segment in the Europe grid connected microgrid market is set to grow at over 16.8% CAGR up to 2032, driven by the rising requirement for sources with energy security and enhanced resilience during grid outages, natural disasters, or other emergencies.

France grid connected microgrid market is projected to surpass USD 2.9 billion by 2032, backed by the rising implementation of ambitious renewable energy policies and initiatives including the Energy Transition for Green Growth Law and the Multiannual Energy Program.

ABB, Advanced Energy Industries, Emerson, FlexGen, General Electric, Hitachi Energy Ltd., Honeywell International Inc, PowerSecure, Princeton Power Systems, Siemens AG, Schweitzer Engineering Laboratories, Inc., S&C Electric Company, Schneider Electric and Tesla