The Europe microgrid market is set to record $11026.01 million in revenue by 2030, projecting an estimated 10.65% CAGR during the forecast period, 2022-2030.

The European countries have rapidly switched to using electronic vehicles (EVs), simultaneously increasing the number of EV charging stations across the region that use microgrids. Therefore, the Europe microgrid market is expected to be fuelled by this increase in the number of EVs.

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Significant factors driving microgrid development in Europe include the necessity to incorporate increasing volumes of clean, renewable energy output into the grid and the impact of climate change. Due to their decentralized architecture, microgrids are less susceptible to attacks on specific key generation or transmission infrastructure and are therefore employed due to the increasing threat of cyberattacks.

The Europe microgrid market growth evaluation includes the analysis of France, United Kingdom, Italy, Germany, Netherlands, Spain, Poland, and Rest of Europe. In United Kingdom, due to two power plant failures in 2019, the country experienced its worst blackout in more than ten years, leaving roughly a million homes without power. As a result, the government and the energy regulator have voiced concerns about the grid’s ability to adjust to shifting energy demands and needs.

Further, organizations can gain from switching to a microgrid by reducing the cost of electricity purchases, delaying on-site network expenses, reducing carbon emissions, boosting resilience, and creating additional revenue streams from assets. To provide the best possible solution, the United Kingdom Power Networks Services is in charge of every aspect of microgrids, including project conception, financing, engineering, construction, asset management, operations, and maintenance.

In 2021, a portfolio of renewable energy projects, including solar-powered community microgrids, was financed by the Bristol Energy Cooperative, a community-owned energy cooperative in the United Kingdom. The community microgrid project will include Bristol, England’s Water Lilies housing estate. According to Bristol Energy Cooperative, this is the first community-owned, net zero carbon domestic dwelling microgrid in the United Kingdom.

The Europe microgrid market segmentation includes a study by type, end-user, offering, and consumption pattern. Market by type covers grid-connected and off-grid.

Grid connected microgrids are independent networks with many characteristics of a traditional electricity grid, such as users, generators, and storage, but on a much smaller size. They are not dependent on the main grid, even if they can link to it, and they can use the main grid as a backup. Moreover, grid-connected microgrids are also anticipated to grow primarily in developed countries, where the focus is likely to be on microgrids that can link to the main grid but provide communities with more independence.

Off-grid microgrids are another name for remote, island, and village microgrids. Due to a lack of available and reasonably priced transmission or distribution (T&D) equipment nearby, they operate perpetually in island mode and are physically cut off from the utility grid. In addition, several remote microgrids are considering battery energy storage alternatives to traditional backup generators. Due to the reduced cost of power generation compared to centralized power grids, off-grid microgrids are anticipated to become increasingly important and significantly benefit the worldwide microgrid market.

Some of the leading companies in the Europe microgrid market include Schneider Electric SE, Siemens AG, etc.

Siemens AG is a global technology company focusing on electrification, automation, and digitalization. It specializes in smart mobility solutions for rail & road, and medical technology, digital healthcare services, etc. The company has a global footprint across Asia, the Americas, and the EMEA. Founded in 1847, the company is headquartered in Munich, Germany.

Microgrid Software as a Service (MSaaS) from Siemens AG is a remotely-hosted microgrid control solution. MSaaS is designed for campuses, institutions, infrastructures, and utilities that want advanced control, optimization, and distributed energy monitoring at an affordable cost, without the hassle of maintaining on-site IT infrastructure.

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