Germany Microgrid Market Size & Outlook, 2024-2030
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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 17% 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 | 17% (CAGR from 2024 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 | Fuel Cell, CHP, Diesel, Natural Gas, Solar PV |
| 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 |
|---|---|---|---|---|
| Viridien | View profile | 3515 | 27 avenue Carnot, Massy, France, 91300 | https://www.cgg.com |
| Northland Power Inc | View profile | 1344 | 30 Street Clair Avenue West, 17th Floor, Toronto, ON, Canada, M4V 3A1 | https://www.northlandpower.com |
| Exelon Corp | View profile | 19962 | 10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, United States, 60680-5379 | https://www.exeloncorp.com |
| NRG Energy Inc | View profile | 18131 | 910 Louisiana Street, Houston, TX, United States, 77002 | https://www.nrg.com |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | https://www.spiritaero.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
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 42.09% in 2023. Horizon Databook has segmented the Germany microgrid market based on fuel cell, chp, diesel, natural gas, solar pv 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 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.
Partial client list
Germany Power Source - Microgrid Market size, 2023 - 2030 (US$M)
Germany Microgrid Market Outlook Share, 2023 & 2030 (US$M)
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