Germany Microgrid Market Size & Outlook, 2023-2030
Germany microgrid market, 2018-2030 (US$M)
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Germany microgrid market highlights
- The Germany microgrid market generated a revenue of USD 4,124.7 million in 2023 and is expected to reach USD 11,954.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 16.4% 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 4,124.7 million |
| Market revenue in 2030 | USD 11,954.8 million |
| Growth rate | 16.4% (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, Germany accounted for 5.4% 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 |
|---|
Germany 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 36.72% in 2023. Horizon Databook has segmented the Germany microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2018 to 2030.
Germany has invested significantly in solar panels and wind energy farms due to its centralized location in Europe, which makes it ideal for offshore and onshore wind energy harvesting. This generates growth opportunities for global wind energy companies, resulting in installation of many wind mills.
This is expected to drive the demand for microgrids for managing and distributing generated power around connected areas. Rising investments from multinational companies in the manufacturing industry have influenced the growth of industrial construction in Germany. Furthermore, residential sector is witnessing growth in the country.
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Target buyers of Germany microgrid market databook
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Our clientele includes a mix of microgrid market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany microgrid market , including forecasts for subscribers. This country databook contains high-level insights into Germany microgrid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany microgrid market size, by power source, 2018-2030 (US$M)
Germany Microgrid Market Outlook Share, 2023 & 2030 (US$M)
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