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AC Microgrid Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Apr 2024

Report ID: ARC3588

Pages : 250

Format : AC Microgrid Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

CHAPTER 1. Industry Overview of AC Microgrid Market

1.1. Definition and Scope

1.1.1. Definition of AC Microgrid

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global AC Microgrid Market

1.2. Summary

1.2.1. Executive Summary 

1.2.2. AC Microgrid Market By Connectivity

1.2.3. AC Microgrid Market By Power Source

1.2.4. AC Microgrid Market By Storage Device

1.2.5. AC Microgrid Market By Application

1.2.6. AC Microgrid Market By Region

CHAPTER 2. Research Approach

2.1. Methodology 

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Sources

2.2.2. Primary Sources

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.1.3. Driver 3

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2 

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of AC Microgrid Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

3.6. Technological Roadmap for AC Microgrid Market

3.7. Value Chain Analysis

3.7.1. List of Key Manufacturers 

3.7.2. List of Customers

3.7.3. Level of Integration

3.8. Regulatory Compliance

3.9. Competitive Landscape, 2022

3.9.1. Player Positioning Analysis

3.9.2. Key Strategies Adopted By Leading Players

CHAPTER 4. AC Microgrid Market By Connectivity

4.1. Introduction

4.2. AC Microgrid Revenue By Connectivity

4.2.1. AC Microgrid Revenue (USD Billion) and Forecast, By Connectivity, 2020-2032

4.2.2. Grid Connected

4.2.2.1. Grid Connected Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

4.2.3. Off grid

4.2.3.1. Off grid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 5. AC Microgrid Market By Power Source

5.1. Introduction

5.2. AC Microgrid Revenue By Power Source

5.2.1. AC Microgrid Revenue (USD Billion) and Forecast, By Power Source, 2020-2032

5.2.2. Diesel generators

5.2.2.1. Diesel generators Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.3. Natural gas

5.2.3.1. Natural gas Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.4. Solar PV 

5.2.4.1. Solar PV Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.5. CHP

5.2.5.1. CHP Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.6. Others

5.2.6.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 6. AC Microgrid Market By Storage Device

6.1. Introduction

6.2. AC Microgrid Revenue By Storage Device

6.2.1. AC Microgrid Revenue (USD Billion) and Forecast, By Storage Device, 2020-2032

6.2.2. Lithium-ion

6.2.2.1. Lithium-ion Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.3. Lead Acid

6.2.3.1. Lead Acid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.4. Flow Battery

6.2.4.1. Flow Battery Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.5. Flywheels

6.2.5.1. Flywheels Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.6. Others

6.2.6.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 7. AC Microgrid Market By Application

7.1. Introduction

7.2. AC Microgrid Revenue By Application

7.2.1. AC Microgrid Revenue (USD Billion) and Forecast, By Application, 2020-2032

7.2.2. Healthcare

7.2.2.1. Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.3. Educational Institute

7.2.3.1. Educational Institute Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.4. Military

7.2.4.1. Military Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.5. Utility

7.2.5.1. Utility Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.6. Industrial/Commercial

7.2.6.1. Industrial/Commercial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.7. Remote

7.2.7.1. Remote Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.8. Others

7.2.8.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 8. North America AC Microgrid Market By Country 

8.1. North America AC Microgrid Market Overview

8.2. U.S.

8.2.1. U.S. AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

8.2.2. U.S. AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

8.2.3. U.S. AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

8.2.4. U.S. AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

8.3. Canada

8.3.1. Canada AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

8.3.2. Canada AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

8.3.3. Canada AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

8.3.4. Canada AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

8.4. North America PEST Analysis

CHAPTER 9. Europe AC Microgrid Market By Country

9.1. Europe AC Microgrid Market Overview

9.2. U.K.

9.2.1. U.K. AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

9.2.2. U.K. AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

9.2.3. U.K. AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

9.2.4. U.K. AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

9.3. Germany

9.3.1. Germany AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

9.3.2. Germany AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

9.3.3. Germany AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

9.3.4. Germany AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

9.4. France

9.4.1. France AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

9.4.2. France AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

9.4.3. France AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

9.4.4. France AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

9.5. Spain

9.5.1. Spain AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

9.5.2. Spain AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

9.5.3. Spain AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

9.5.4. Spain AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

9.6. Rest of Europe

9.6.1. Rest of Europe AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

9.6.2. Rest of Europe AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

9.6.3. Rest of Europe AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

9.6.4. Rest of Europe AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

9.7. Europe PEST Analysis

CHAPTER 10. Asia Pacific AC Microgrid Market By Country

10.1. Asia Pacific AC Microgrid Market Overview

10.2. China

10.2.1. China AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

10.2.2. China AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

10.2.3. China AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

10.2.4. China AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

10.3. Japan

10.3.1. Japan AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

10.3.2. Japan AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

10.3.3. Japan AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

10.3.4. Japan AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

10.4. India

10.4.1. India AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

10.4.2. India AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

10.4.3. India AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

10.4.4. India AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

10.5. Australia

10.5.1. Australia AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

10.5.2. Australia AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

10.5.3. Australia AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

10.5.4. Australia AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

10.6. South Korea

10.6.1. South Korea AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

10.6.2. South Korea AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

10.6.3. South Korea AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

10.6.4. South Korea AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

10.7. Rest of Asia-Pacific

10.7.1. Rest of Asia-Pacific AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

10.7.2. Rest of Asia-Pacific AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

10.7.3. Rest of Asia-Pacific AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

10.7.4. Rest of Asia-Pacific AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

10.8. Asia Pacific PEST Analysis

CHAPTER 11. Latin America AC Microgrid Market By Country

11.1. Latin America AC Microgrid Market Overview

11.2. Brazil

11.2.1. Brazil AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

11.2.2. Brazil AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

11.2.3. Brazil AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

11.2.4. Brazil AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

11.3. Mexico

11.3.1. Mexico AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

11.3.2. Mexico AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

11.3.3. Mexico AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

11.3.4. Mexico AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

11.4. Rest of Latin America

11.4.1. Rest of Latin America AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

11.4.2. Rest of Latin America AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

11.4.3. Rest of Latin America AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

11.4.4. Rest of Latin America AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

11.5. Latin America PEST Analysis

CHAPTER 12. Middle East & Africa AC Microgrid Market By Country 

12.1. Middle East & Africa AC Microgrid Market Overview

12.2. GCC

12.2.1. GCC AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

12.2.2. GCC AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

12.2.3.  GCC AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

12.2.4. GCC AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

12.3. South Africa

12.3.1. South Africa AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

12.3.2. South Africa AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

12.3.3. South Africa AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

12.3.4. South Africa AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

12.4. Rest of Middle East & Africa

12.4.1. Rest of Middle East & Africa AC Microgrid Revenue (USD Million) and Forecast By Connectivity, 2020-2032

12.4.2. Rest of Middle East & Africa AC Microgrid Revenue (USD Million) and Forecast By Power Source, 2020-2032

12.4.3. Rest of Middle East & Africa AC Microgrid Revenue (USD Million) and Forecast By Storage Device, 2020-2032

12.4.4. Rest of Middle East & Africa AC Microgrid Revenue (USD Million) and Forecast By Application, 2020-2032

12.5. Middle East & Africa PEST Analysis

CHAPTER 13. Player Analysis Of AC Microgrid Market

13.1. AC Microgrid Market Company Share Analysis

13.2. Competition Matrix

13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment

13.2.2. New Power Source Launches and Power Source Enhancements

13.2.3. Mergers And Acquisition In Global AC Microgrid Market

13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 14. Company Profile

14.1. General Electric

14.1.1. Company Snapshot

14.1.2. Business Overview

14.1.3. Financial Overview

14.1.3.1. Revenue (USD Billion), 2022

14.1.3.2. General Electric 2022 AC Microgrid Business Regional Distribution

14.1.4. Power Source /Service and Specification

14.1.5. Recent Developments & Business Strategy

14.2. Advanced Microgrid Solutions

14.3. SIEMENS AG

14.4. Schneider Electric SE

14.5. S&C Electric

14.6. Eaton Corporation

14.7. Tata Power

14.8. Caterpiller Inc.

14.9. HOMER Energy

14.10. EnSync Energy System

Frequently Asked Questions

How big is the AC microgrid market?

The AC microgrid market size was valued at USD 8.1 billion in 2022.

What is the CAGR of the global AC microgrid market from 2023 to 2032?

The CAGR of AC microgrid is 20.2% during the analysis period of 2023 to 2032.

Which are the key players in the AC microgrid market?

The key players operating in the global market are General Electric, Advanced Microgrid Solutions, SIEMENS AG, Schneider Electric SE, S&C Electric, Eaton Corporation, Tata Power, Caterpiller Inc., HOMER Energy, and EnSync Energy System.

Which region dominated the global AC microgrid market share?

Asia-Pacific held the dominating position in AC microgrid industry during the analysis period of 2023 to 2032.

Which region registered fastest CAGR from 2023 to 2032?

North America region exhibited fastest growing CAGR for market of AC microgrid during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global AC microgrid industry?

The current trends and dynamics in the AC microgrid market are raising demand of electricity in remote areas, integration of renewable energy sources, and governmental policies.

Which connectivity held the maximum share in 2022?

Grid connected held the maximum share of the AC microgrid market.

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