Italy Microgrid Market Size & Outlook, 2023-2030
Italy microgrid market, 2018-2030 (US$M)
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Italy microgrid market highlights
- The Italy microgrid market generated a revenue of USD 1,715.2 million in 2023 and is expected to reach USD 4,953.9 million by 2030.
- The Italy 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 1,715.2 million |
| Market revenue in 2030 | USD 4,953.9 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, Italy accounted for 2.2% 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 |
|---|
Italy 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 39.88% in 2023. Horizon Databook has segmented the Italy microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of Italy is focusing on supporting its economic growth by investing in infrastructure development projects and industrial & residential building construction activities. In November 2021, the government launched a new recovery and resilience plan to foster the economic growth of Italy from 1.5% to 2.5% by 2026.
The government is expected to invest in the construction of public infrastructure, renewable energy infrastructure, and waste & water management plants in the coming years. Therefore, the need for efficient power distribution in increased number of facilities is anticipated to positively influence the utilization of microgrids in Italy in the coming years.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Italy microgrid market , including forecasts for subscribers. This country databook contains high-level insights into Italy microgrid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy microgrid market size, by power source, 2018-2030 (US$M)
Italy Microgrid Market Outlook Share, 2023 & 2030 (US$M)
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