ABB, Rolls-Royce plc, and Schneider Electric were dominating the Europe Microgrid Market in 2021

Europe Microgrid Market is expected to grow with a CAGR of 15.6% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Europe microgrid is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe microgrid market are introducing strong range of service portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  •  In March 2022, Siemens had deployed the Middle East's first microgrid designed for industrial use, enabling Qatar Solar Energy (QSE) to reduce electricity costs, curb carbon emissions and benefit from a more stable power supply

ABB is the dominating player in microgrid market. Some of the major players operating in this market are Rolls-Royce plc, Schneider Electric, Cummins Inc., Siemens, Caterpillar, General Electric, Tesla, Black & Veatch Holding Company, Honeywell International Inc., Eaton, Norvento Enerxía, InnoVentum, and Hitachi Energy Ltd among others.

ABB                                                                                                                  

ABB was founded in 1883 with its headquarters in Switzerland. The company is engaged in providing products and software in electrification for various industries. Their business segment includes electrification, motion process automation, robotics & discrete automation. Their focused segment is electrification. Their product categories includes control systems, drivers & motors, motors & generators, power converters & inverters, electric vehicle charging infrastructure, robotics, training, turbocharging, industrial analytics and AI, low voltage products and systems, and measurement and analytics, ups and power conditioning. Their focused product category is low voltage products and systems. Their subsidiaries are ABB Australia Pty Limited, Moorebank, NSW (Australia), ABB Ltda., São Paulo (Brazil), Asea Brown Boveri S.A.E., Cairo (Egypt), ABB AG, Mannheim (Germany), ABB Pte. Ltd., Singapore (Singapore) among others.

For instance,

  • In January 2021, ABB had driven deployment of microgrids on a global scale to provide smart and sustainable solutions for a world that needs a major shift toward renewables to achieve global annual greenhouse gas reduction

The company has a wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, and Asia-Pacific.  

Rolls-Royce plc

Rolls-Royce plc was founded in 1906 with its headquarter in U.K. The company is engaged in delivering cutting edge technologies deliver clean, safe and competitive solutions to meet the consumer demand. Their business segment, as well as product categories, includes power systems, defense, civil aerospace, new markets & other business. Their focused business segment and product category are power systems.  Their subsidiaries are Rolls-Royce Power Systems (Germany), Itp Aero (Spain), Bergen Engines (Norway), Rolls-Royce North America (U.S.) & Rolls-Royce Canada, Limited (Canada) among others.

For instance,

  • In August 2020, Rolls-Royce plc had expanded their decentralized energy supply solutions with mtu microgrids systems. The company have expanded its product portfolio to include the battery storage systems mtu energypack QL, QM, and Q

The company has a wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, and Asia-Pacific.  

Schneider Electric

Schneider Electric was founded in 1836 with its headquarters in France. The company is engaged in manufacturing innovative solutions that deliver essential energy, healthcare and transportation infrastructure. Their business segment includes energy management, industrial automation. Their focus is energy management. Their product categories are ecostruxure for your business, solar & energy storage, microgrids, safety, ecostruxure for partners, for your home, access to energy. Their focused product category is microgrid. Their subsidiaries are Télémécanique (France), Square D (U.S.), Luminous Power Technologies (India), Eurotherm (U.K.), Clipsal (Australia) among others.

For instance,

  • In November 2021, Schneider Electric and ACCIONA Energía had developed the first industrial microgrid in Spain. This microgrid as a service model developed by ACCIONA Energía can be replicated in any industrial plant

The company has a wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, and Asia-Pacific.