France Microgrid Market Size & Outlook, 2023-2030
France microgrid market, 2018-2030 (US$M)
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France microgrid market highlights
- The France microgrid market generated a revenue of USD 2,160.8 million in 2023 and is expected to reach USD 6,142.4 million by 2030.
- The France market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, chp was the largest revenue generating power source in 2023.
- CHP is the most lucrative power source segment registering the fastest growth during the forecast period.
Microgrid market data book summary
| Market revenue in 2023 | USD 2,160.8 million |
| Market revenue in 2030 | USD 6,142.4 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Chp |
| Fastest growing segment | CHP |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CHP, Natural Gas, Solar PV, Diesel, Fuel Cell |
| Key market players worldwide | ABB Ltd, Siemens AG, GE Aerospace, Eaton Corp PLC, Exelon Corp, Honeywell International Inc, NRG Energy Inc, Spirit AeroSystems Holdings Inc Class A, Northland Power Inc, Viridien |
Other key industry trends
- In terms of revenue, France accounted for 2.8% of the global microgrid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany microgrid market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 9,356.0 million by 2030.
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Microgrid Market Scope
Microgrid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
France microgrid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microgrid market will help companies and investors design strategic landscapes.
Chp was the largest segment with a revenue share of 36.93% in 2023. Horizon Databook has segmented the France microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2018 to 2030.
France is extensively investing in renewable energy for reducing carbon emission by electricity generation. By 2030, the country has set a target to produce 33% of its electricity from renewable sources. In 2022, renewable sources accounted for 25.3% of total energy consumed in France.
This growth can be attributed to the growing consumption of solar and wind power, which is further driving the growth of microgrids for achieving superior energy efficiency and integrating renewable energy into the grid. The country is witnessing a significant surge in its residential and commercial construction activities owing to its long-standing favorable demographic and sociological factors.
As per Trading Economics, the construction output of France increased by 4.34% in March 2023 compared to March 2022. The econometric models of Trading Economics predict that the long-term growth rate of construction output in France will be approximately 1.50% and 1.90% in 2024 and 2025, respectively. Therefore, the rising number of buildings will result in increased demand for electricity and its efficient distribution, which is expected to fuel the market growth.
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Our clientele includes a mix of microgrid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the France microgrid market , including forecasts for subscribers. This country databook contains high-level insights into France microgrid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France microgrid market size, by power source, 2018-2030 (US$M)
France Microgrid Market Outlook Share, 2023 & 2030 (US$M)
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