ABB Ltd, General Electric Company, and Siemens AG are Dominating the Market for Global Microgrid Market in 2017

Global Microgrid Market is expected to show a healthy CAGR of  in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Access Full Report: https://databridgemarketresearch.com/reports/global-microgrid-market/

The global microgrid market highly concentrated to a few big players and rest to local players who cater to domestic markets only. ABB Ltd. dominated the microgrid market accounting for a highest market share in 2017, followed by General Electric Company, Siemens AG, Honeywell International Inc., and Eaton Corporation Plc. Other players in this market include are Chevron Corporation, Cummins Inc., Green Energy Corp., Power Analytics Corporation, S&C Electric Company, Advanced Microgrid Solutions, Caterpillar Inc.,  Exelon Corporation, Tesla Inc., Toshiba Corporation, and among others.

ASEA BROWN BOVERI (ABB) LTD.:

Founded in 1883 and headquartered in Zurich, Switzerland. ASEA Brown Boveri (ABB) Ltd. is engaged in providing electrification products, robotics and motion, industrial automation and power grids, heavy electrical equipment and automation technology. The company provides various products such as smart buildings, micro grid solutions, robotics, e-mobility, chemicals, process control softwares, generators, semiconductors, and analytics solutions among others. The company operates in four business segment: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. The microgrid products fall under power grids segment. The company offers services to various industries such as transmission and distribution, utilities and industrial, transportation, and infrastructure industries among others. The company is certified with ISO 9001 Quality Management System, ISO 14001 Environmental Management System and OHSAS 18001 Occupational Health and Safety Management System.

The subsidiaries of the company include ABB S.A (Argentina), ABB N.V. (Belgium), ABB Inc.(Canada), ABB (China) Ltd., ABB Engineering (Shanghai) Ltd., ABB AS(Estonia) ABB SAS (France), ABB AG (Germany), ABB Holding Ltd.(Hong Kong), ABB S.p.A.(Italy), ABB AS(Norway), ABB Schweiz AG (Switzerland), and others. The company operates in more than 100 countries and has strong presence in Europe, Americas, Asia, Middle East, and Africa regions.

  • In April 2018, ABB (Switzerland) expanded its business in Asia-Pacific region by opening a new Microgrid with battery storage solution at Vadodara, Gujrat in India. This microgrid enables green power supplies with cost effective power supply even during cloudy weather.
  • In June 2018, ABB (Switzerland) expanded its business in South Africa by opening a new microgrid in Johannesburg, South Africa. This microgrid solution focuses on providing continuity of power supply and also to reduce carbon emissions.

General Electric Company:

Incorporated in 1892 and headquartered in Boston, U.S. General Electric Company is engaged in manufacturing of aircraft engines, power generation, oil and gas production equipment, medical imaging, and industrial products. It also provides financial services, commercial aircraft leasing, financing, and consulting services. The company offers products such as additive manufacturing machines, aircraft engines, wind turbines, commercial & industrial, electric motors, electrical distribution, lighting solutions, locomotives, and rail services. The company operates through seven business segments: Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation and Lighting. The microgrid products fall under power segment. The company products are used in various applications such as fighters, bombers, tankers, steam power systems, helicopters & surveillance aircraft, industrial gas engines, refining, petrochemical, telecommunication, distributed gas, water treatment, wastewater treatment,  flow and process control, consumer lighting,  and other industrial applications. The company is certified with Achilles Practices Certification (APC), Achilles Communications Certification (ACC), Certificates of Analysis (CofA), ISO 9001:2015, ISO17034:2016, ISO/IEC 17025:2005, ISO 17034:2016 and ISO/IEC 17025:2005.

The company’s subsidiaries are GE Aviation(UK), GE Capital (UK), GE Healthcare AS (Norway), GE Lighting Systems S.R.L.(Italy), GE Power Netherlands N.V. (Netherlands), General Electric Technology GmbH (Switzerland), Holding B.V. (Netherlands),  GE Transportation Parts, LLC (Delaware), GE Celma LTDA (Brazil) among others. The company has strong geographic presence in United States, Europe, Asia, Middle East/Africa and Canada/Latin America.

  • In June 2018, GE (U.S.) entered into collaboration with Ceylon Electricity Board (CEB) to support Sri Lanka’s Electric Grid. Both companies together launched first centrally integrated control and load forecasting system.
  • In November 2017, GE (U.S.0 entered into an agreement with Iraqi Ministry of Electricity (MoE) to provide grid for Iraq. GE to develop power plants to provide grid solutions.

Siemens AG: 

Founded in 1847 and headquartered in Munich, Germany. Siemens AG is engaged in providing technology and solutions for electrification, automation and digitalization, and other activities. It also offers systems for power generation and transmission, as well as medical diagnosis. It offers automation, drive systems, automation solutions, power, fiber, glass processing,  building technologies, drive technology, healthcare, mobility, energy, financing, consumer products and services. The company operates through nine business segment: power and gas, healthiness, energy management, digital factory, process industries and drives, Siemens gamesa renewable energy, building technologies, mobility and financial services. The company offers microgrid products under power and gas segment. The company provides its product to industries such as aerospace, automotive manufacturing, battery manufacturing, chemical industry, cement, cranes, data centers, distributors, fiber industry, food & beverage, glass industry, machinery and plant construction, marine, mining industry, oil & gas, panel building, pharmaceutical industry, power utilities, tire industry, transportation and logistics, water industry, and wind.

The company is certified with ISO 9001: 2015 for implementation and maintenance of quality management system. The company’s subsidiaries are AD 8MW GmbH&Co. KG (Bremerhaven), Adwen Blades GmbH (Stade), Adwen GmbH (Bremerhaven), Jawa Power Holding GmbH (Erlangen), KompTime GmbH (Munich), Kyros GmbH (Hanover) among others. The company has strong presence in Europe, Africa, Middle East, Americas, Asia and Australia.

  • In January 2018, Siemens (Germany) launched dual microgrid controllers for decentralized energy installations of any size. It helps customers dynamically to manage their generation sources to their power loads.
  • In November 2016, Siemens (Germany) entered into partnership with LO3 energy to develop Blockchain Microgrid energy-based system. This partnership focus on developing energy solutions based on emerging technologies.