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Microgrid Global Market Report 2025
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Global Microgrid Market Report 2025

Report Price : $4490.00

Pages : 200

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Microgrid Global Market Report 2025

By Type (AC Microgrid, DC Microgrid, Hybrid), By Connectivity (Grid Connected, Off-Grid Connected), By Component (Hardware, Software, Services), By Application (Remote Systems, Institutional Buildings, Community And Utility Distribution), By End-User (Commercial And Industrial, Institutes And Campuses, Defense And Military) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Microgrid Market Overview

• Microgrid market size has reached to $17.08 billion in 2024

• Expected to grow to $38.17 billion in 2029 at a compound annual growth rate (CAGR) of 17.2%

• Growth Driver: Growing Adoption Of Microgrids Accelerates Rural Electrification Efforts

• Market Trend: Green Hydrogen Microgrids Pave The Way For Sustainable Energy In The Microgrid Market

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Microgrid Market?

The microgrid refers to a local energy grid with control capability, that can disconnect from the traditional grid and operate autonomously. A microgrid is a self-contained energy system that serves a specific geographic area, such as a college campus, hospital, business center, or neighborhood. Microgrids can strengthen grid resilience and help mitigate grid disturbances by operating while the main grid is down, as well as serve as a grid resource for faster system response and recovery.

The main types of microgrids are AC microgrids, DC microgrids, and hybrid microgrids. Hybrid microgrids are made up of several parallel-connected distributed resources that are controlled electronically and can operate in both islanded and grid-connected modes. The various components of a microgrid include hardware, software, and services that are grid-connected, and off-grid connected. Different applications include remote systems, institutional buildings, and commercial utilities, and are employed in several sectors such as commercial and industrial, institutes and campuses, defense and military.

Microgrid Market 2025 - 2034

What Is The Microgrid Market Size 2025 And Growth Rate?

The microgrid market size has grown rapidly in recent years. It will grow from $17.08 billion in 2024 to $20.2 billion in 2025 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased demand for clean energy sources and growing adoption of microgrids for rural electrification.

What Is The Microgrid Market Growth Forecast?

The microgrid market size is expected to see rapid growth in the next few years. It will grow to $38.17 billion in 2029 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to increasing electricity demand, increasing initiatives and rising population. Major trends in the forecast period include use of artificial intelligence (AI), development and adoption of green hydrogen microgrids, development of smart, plug-and-play microgrid inverters, adoption of solar and battery-powered microgrid community, and partnerships and collaborations.

The forecast of 17.2% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through delays in decentralized energy projects, as critical power management components from China and Germany face higher tariffs, slowing renewable energy adoption. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Electrical and Electronics Industry?

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

How Is The Microgrid Market Segmented?

The microgrid market covered in this report is segmented –

1) By Type: AC Microgrid, DC Microgrid, Hybrid

2) By Connectivity: Grid Connected, Off-Grid Connected

3) By Component: Hardware, Software, Services

4) By Application: Remote Systems, Institutional Buildings, Community And Utility Distribution

5) By End-User: Commercial And Industrial, Institutes And Campuses, Defense And Military

Subsegments:

1) By AC Microgrid: Utility-Connected AC Microgrid, Islanded AC Microgrid, Community AC Microgrid

2) By DC Microgrid: Standalone DC Microgrid, DC Microgrid For Renewable Integration, DC Microgrid For Data Centers

3) By Hybrid Microgrid: AC Or DC Hybrid Microgrid, Renewable Energy Integrated Hybrid Microgrid, Conventional And Renewable Hybrid Microgrid

What Is Driving The Microgrid Market? Growing Adoption Of Microgrids Accelerates Rural Electrification Efforts

The growing adoption of microgrids for rural electrification is expected to propel the growth of the microgrid market going forward. Rural electrification is progressing, with plans to provide energy 24 hours a day and connect rural communities, including micro, small, and medium-sized enterprises (MSME) businesses. For rural electrification, microgrids have several advantages over centralized infrastructure, including cost savings, environmental sustainability, and regional equity between urban and rural areas. For instance, in 2023, according to SolarpowerEurope, a Belgium-based solar energy manufacturing equipment provider company has increased the installation of solar energy-generating equipment by 40% in 2023 as compared to 2022. Also, the installation of PV solar fleet has increased from 207 GW in 2022 to 263 GW in 2023. Therefore, the growing adoption of microgrids for rural electrification will drive the microgrid market.

What Is Driving The Microgrid Market? Rising Electricity Demand Drives Growth In The Microgrid Market

The increasing electricity demand is expected to propel the growth of the microgrid market going forward. Microgrids are local power grids that are operated independently of the main and generally much bigger electricity grid in an area. For example, according to ExxonMobil, a US-based oil and gas corporation, globally, electricity demand is expected to rise by 1.8% per year, growing to almost 50% of this sector by 2050, as traditional biomass, coal, and oil demand decline. Additionally, according to the Indian Government’s data, India's power consumption logged a double-digit growth of 13.6% to 112.81 billion units in November 2022 compared to the year-ago period. Therefore, the increasing electricity demand would boost the growth of the microgrid market during the forecast period.

Who Are The Major Players In The Global Microgrid Market?

Major companies operating in the microgrid market include General Electric Company, Schneider Electric SE, ABB Group, Siemens AG, Toshiba Corporation, Exelon Corporation, Eaton Corporation PLC, Engie SA, Hitachi Ltd, S&C Electric Company, DESI Power, Gram Power, Mera Gao Power, Omnigrid Micropower Company, State Grid Corporation of China (SGCC), China Southern Power Grid, CleanSpark, Sungrow Power Supply Co. Ltd., Shenzhen Cubenergy Co. Ltd., Shanghai Dowell Technology Co. Ltd., Shanghai Ghrepower Green Energy Co. Ltd., Shenzhen Sinexcel Electric Co. Ltd., Bboxx, Enervalis, Younicos, Supreme Power Solutions Co. Ltd. (SPS), Phono Solar Technology Co. Ltd., Rolls-Royce Power Systems AG, Capstone Turbine Corporation, Elum Energy, CebeEnergy GmbH, AMS, Caterpillar, enSYNC Corporation, Lockheed Martin Corporation, Power Analytics Corporation, LO3 Energy, HOMER Energy LLC, PowerSecure Inc., Primus Power, SolarX, Sola Group, Powin Inc, Moura, Voltalia, Reuniwatt, Neoenergia, Iberdrola, HIMOINSA, Total Eren, Nidec Industrial Solutions, Edelar S.A, ALEC Energy, Mohamed Abdulrahman Al Bahar LLC, Husk Power Systems, Engie Energy Access.

What Are The Key Trends Of The Global Microgrid Market? Green Hydrogen Microgrids Pave The Way For Sustainable Energy In The Microgrid Market

The development and adoption of green hydrogen microgrids is a key trend gaining popularity in the microgrid market. Green hydrogen is generated by splitting water into hydrogen and oxygen in an electrolyzer using renewable energy sources such as wind and solar. Companies developing microgrids are focused on developing eco-friendly products, including green hydrogen microgrids, to reduce the carbon footprints in the environment. For instance, In April 2024, Advait Infratech, an India based power transmission company launched India’s first Green Hydrogen Microgrid. The microgrid system includes a 300 kW electrolyser capable of producing 50 kg of high-purity hydrogen per day during daylight hours, utilizing renewable energy sources effectively. The generated hydrogen is stored in a 24m³ storage tank, pressurized at 30 bar, ensuring a reliable supply for energy generation when needed. This project is part of Advait's broader commitment to environmental sustainability and reducing carbon footprints through innovative hydrogen-based energy systems.

What Are The Key Trends Of The Global Microgrid Market? AI Revolutionizes Energy Management In Microgrid Market With Veritone's iDERMS Solution

The use of artificial intelligence (AI) is a key trend gaining popularity in the microgrid market. AI aids in the faster and more accurate forecasting of changes in the energy supply and demand throughout a microgrid. For example, in February 2022, Veritone Inc., a US-based Artificial intelligence company, and creator of aiWARE, a hyper-expansive enterprise AI platform, announced the launch of its intelligent distributed energy resource management solution (iDERMS) to enable utilities, Independent Power Producers (IPP’s) and microgrid developers to accelerate the transition to clean energy. Leveraging its aiWARE enterprise platform, Veritone’s iDERMS solution harnesses the power of AI to revolutionize energy ecosystems through proprietary, intelligent, real-time energy forecasting, optimization, and control, unlocking the full potential of DERs (Distributed Energy Resources) while enhancing reliability.

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Microgrid Market Merger And Acquisition: Hover Energy Strengthens Wind-Powered Microgrid Presence With Shine Development Partners Acquisition

In December 2022, Hover Energy, a US-based developer of wind-powered microgrids, acquired Shine Development Partners for an undisclosed amount. This acquisition is a strategic fit for Hover Energy to further enhance its capabilities and would help in the global rollout of its patented wind-powered microgrid. Shine Development Partners is a renewable energy development company that develops and operates medium- to large-scale solar PV and clean energy projects.

Regional Outlook For The Global Microgrid Market

North America was the largest region in the microgrid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the microgrid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the microgrid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Microgrid Market?

The microgrid market consists of revenues earned by entities by providing services such as self-contained electrical networks, electric monitoring and control services, and clean energy solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The microgrid market also includes sales of switchgear, inverters, generators, and storage devices which are used in providing microgrid services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Microgrid Industry?

The microgrid market research report is one of a series of new reports from The Business Research Company that provides microgrid market statistics, including microgrid industry global market size, regional shares, competitors with a microgrid market share, detailed microgrid market segments, market trends and opportunities, and any further data you may need to thrive in the microgrid industry. This microgrid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Microgrid Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $20.2 billion
Revenue Forecast In 2034 $38.17 billion
Growth Rate CAGR of 17.2% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Type: AC Microgrid, DC Microgrid, Hybrid
2) By Connectivity: Grid Connected, Off-Grid Connected
3) By Component: Hardware, Software, Services
4) By Application: Remote Systems, Institutional Buildings, Community And Utility Distribution
5) By End-User: Commercial And Industrial, Institutes And Campuses, Defense And Military Subsegments: 1) By AC Microgrid: Utility-Connected AC Microgrid, Islanded AC Microgrid, Community AC Microgrid
2) By DC Microgrid: Standalone DC Microgrid, DC Microgrid For Renewable Integration, DC Microgrid For Data Centers
3) By Hybrid Microgrid: AC Or DC Hybrid Microgrid, Renewable Energy Integrated Hybrid Microgrid, Conventional And Renewable Hybrid Microgrid
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled General Electric Company, Schneider Electric SE, ABB Group, Siemens AG, Toshiba Corporation, Exelon Corporation, Eaton Corporation PLC, Engie SA, Hitachi Ltd, S&C Electric Company, DESI Power, Gram Power, Mera Gao Power, Omnigrid Micropower Company, State Grid Corporation of China (SGCC), China Southern Power Grid, CleanSpark, Sungrow Power Supply Co. Ltd., Shenzhen Cubenergy Co. Ltd., Shanghai Dowell Technology Co. Ltd., Shanghai Ghrepower Green Energy Co. Ltd., Shenzhen Sinexcel Electric Co. Ltd., Bboxx, Enervalis, Younicos, Supreme Power Solutions Co. Ltd. (SPS), Phono Solar Technology Co. Ltd., Rolls-Royce Power Systems AG, Capstone Turbine Corporation, Elum Energy, CebeEnergy GmbH, AMS, Caterpillar, enSYNC Corporation, Lockheed Martin Corporation, Power Analytics Corporation, LO3 Energy, HOMER Energy LLC, PowerSecure Inc., Primus Power, SolarX, Sola Group, Powin Inc, Moura, Voltalia, Reuniwatt, Neoenergia, Iberdrola, HIMOINSA, Total Eren, Nidec Industrial Solutions, Edelar S.A, ALEC Energy, Mohamed Abdulrahman Al Bahar LLC, Husk Power Systems, Engie Energy Access.
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Table Of Contents

1. Executive Summary

2. Microgrid Market Characteristics

3. Microgrid Market Trends And Strategies

4. Microgrid Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Microgrid Growth Analysis And Strategic Analysis Framework

5.1. Global Microgrid PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Microgrid Market Growth Rate Analysis

5.4. Global Microgrid Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Microgrid Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Microgrid Total Addressable Market (TAM)

6. Microgrid Market Segmentation

6.1. Global Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

AC Microgrid

DC Microgrid

Hybrid

6.2. Global Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Grid Connected

Off-Grid Connected

6.3. Global Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hardware

Software

Services

6.4. Global Microgrid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Remote Systems

Institutional Buildings

Community And Utility Distribution

6.5. Global Microgrid Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Commercial And Industrial

Institutes And Campuses

Defense And Military

6.6. Global Microgrid Market, Sub-Segmentation Of AC Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Utility-Connected AC Microgrid

Islanded AC Microgrid

Community AC Microgrid

6.7. Global Microgrid Market, Sub-Segmentation Of DC Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Standalone DC Microgrid

DC Microgrid For Renewable Integration

DC Microgrid For Data Centers

6.8. Global Microgrid Market, Sub-Segmentation Of Hybrid Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

AC Or DC Hybrid Microgrid

Renewable Energy Integrated Hybrid Microgrid

Conventional And Renewable Hybrid Microgrid

7. Microgrid Market Regional And Country Analysis

7.1. Global Microgrid Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Microgrid Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Microgrid Market

8.1. Asia-Pacific Microgrid Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Microgrid Market

9.1. China Microgrid Market Overview

9.2. China Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Microgrid Market

10.1. India Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Microgrid Market

11.1. Japan Microgrid Market Overview

11.2. Japan Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Microgrid Market

12.1. Australia Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Microgrid Market

13.1. Indonesia Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Microgrid Market

14.1. South Korea Microgrid Market Overview

14.2. South Korea Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Microgrid Market

15.1. Western Europe Microgrid Market Overview

15.2. Western Europe Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Microgrid Market

16.1. UK Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Microgrid Market

17.1. Germany Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Microgrid Market

18.1. France Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Microgrid Market

19.1. Italy Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Microgrid Market

20.1. Spain Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Microgrid Market

21.1. Eastern Europe Microgrid Market Overview

21.2. Eastern Europe Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Microgrid Market

22.1. Russia Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Microgrid Market

23.1. North America Microgrid Market Overview

23.2. North America Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Microgrid Market

24.1. USA Microgrid Market Overview

24.2. USA Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Microgrid Market

25.1. Canada Microgrid Market Overview

25.2. Canada Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Microgrid Market

26.1. South America Microgrid Market Overview

26.2. South America Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Microgrid Market

27.1. Brazil Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Microgrid Market

28.1. Middle East Microgrid Market Overview

28.2. Middle East Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Microgrid Market

29.1. Africa Microgrid Market Overview

29.2. Africa Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Microgrid Market Competitive Landscape And Company Profiles

30.1. Microgrid Market Competitive Landscape

30.2. Microgrid Market Company Profiles

30.2.1. General Electric Company Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Schneider Electric SE Overview, Products and Services, Strategy and Financial Analysis

30.2.3. ABB Group Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Toshiba Corporation Overview, Products and Services, Strategy and Financial Analysis

31. Microgrid Market Other Major And Innovative Companies

31.1. Exelon Corporation

31.2. Eaton Corporation PLC

31.3. Engie SA

31.4. Hitachi Ltd

31.5. S&C Electric Company

31.6. DESI Power

31.7. Gram Power

31.8. Mera Gao Power

31.9. Omnigrid Micropower Company

31.10. State Grid Corporation of China (SGCC)

31.11. China Southern Power Grid

31.12. CleanSpark

31.13. Sungrow Power Supply Co. Ltd.

31.14. Shenzhen Cubenergy Co. Ltd.

31.15. Shanghai Dowell Technology Co. Ltd.

32. Global Microgrid Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Microgrid Market

34. Recent Developments In The Microgrid Market

35. Microgrid Market High Potential Countries, Segments and Strategies

35.1 Microgrid Market In 2029 - Countries Offering Most New Opportunities

35.2 Microgrid Market In 2029 - Segments Offering Most New Opportunities

35.3 Microgrid Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

Need tailored insights? Customise this report to fit your business goals.

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Microgrid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Microgrid Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Microgrid Market, Sub-Segmentation Of AC Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Microgrid Market, Sub-Segmentation Of DC Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Microgrid Market, Sub-Segmentation Of Hybrid Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Microgrid Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Global Microgrid Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: Asia-Pacific, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: China, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: India, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Japan, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Australia, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Indonesia, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: South Korea, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: Western Europe, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: UK, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: Germany, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: France, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Italy, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Spain, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Eastern Europe, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: Russia, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: North America, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: USA, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: Canada, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: South America, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Brazil, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Middle East, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Africa, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 79: General Electric Company Financial Performance
  • Table 80: Schneider Electric SE Financial Performance
  • Table 81: ABB Group Financial Performance
  • Table 82: Siemens AG Financial Performance
  • Table 83: Toshiba Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Microgrid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Microgrid Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Microgrid Market, Sub-Segmentation Of AC Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Microgrid Market, Sub-Segmentation Of DC Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Microgrid Market, Sub-Segmentation Of Hybrid Microgrid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Microgrid Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Global Microgrid Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: Asia-Pacific, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: China, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: India, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Japan, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Australia, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Indonesia, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: South Korea, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: Western Europe, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: UK, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: Germany, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: France, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Italy, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Spain, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Eastern Europe, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: Russia, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: North America, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: USA, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: Canada, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: South America, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Brazil, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Middle East, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Microgrid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Microgrid Market, Segmentation By Connectivity, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Africa, Microgrid Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 79: General Electric Company Financial Performance
  • Figure 80: Schneider Electric SE Financial Performance
  • Figure 81: ABB Group Financial Performance
  • Figure 82: Siemens AG Financial Performance
  • Figure 83: Toshiba Corporation Financial Performance

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Frequently Asked Questions

The microgrid refers to a local energy grid with control capability, that can disconnect from the traditional grid and operate autonomously. A microgrid is a self-contained energy system that serves a specific geographic area, such as a college campus, hospital, business center, or neighborhood. Microgrids can strengthen grid resilience and help mitigate grid disturbances by operating while the main grid is down, as well as serve as a grid resource for faster system response and recovery. For further insights on this market, request a sample here

The market major growth driver - Growing Adoption Of Microgrids Accelerates Rural Electrification Efforts. For further insights on this market, request a sample here

The microgrid market size has grown rapidly in recent years. It will grow from $17.08 billion in 2024 to $20.2 billion in 2025 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased demand for clean energy sources and growing adoption of microgrids for rural electrification. The microgrid market size is expected to see rapid growth in the next few years. It will grow to $38.17 billion in 2029 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to increasing electricity demand, increasing initiatives and rising population. Major trends in the forecast period include use of artificial intelligence (AI), development and adoption of green hydrogen microgrids, development of smart, plug-and-play microgrid inverters, adoption of solar and battery-powered microgrid community, and partnerships and collaborations. For further insights on this market, request a sample here

The microgrid market covered in this report is segmented –
1) By Type: AC Microgrid, DC Microgrid, Hybrid
2) By Connectivity: Grid Connected, Off-Grid Connected
3) By Component: Hardware, Software, Services
4) By Application: Remote Systems, Institutional Buildings, Community And Utility Distribution
5) By End-User: Commercial And Industrial, Institutes And Campuses, Defense And Military Subsegments:
1) By AC Microgrid: Utility-Connected AC Microgrid, Islanded AC Microgrid, Community AC Microgrid
2) By DC Microgrid: Standalone DC Microgrid, DC Microgrid For Renewable Integration, DC Microgrid For Data Centers
3) By Hybrid Microgrid: AC Or DC Hybrid Microgrid, Renewable Energy Integrated Hybrid Microgrid, Conventional And Renewable Hybrid Microgrid For further insights on this market, request a sample here

North America was the largest region in the microgrid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the microgrid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Major companies operating in the microgrid market include General Electric Company, Schneider Electric SE, ABB Group, Siemens AG, Toshiba Corporation, Exelon Corporation, Eaton Corporation PLC, Engie SA, Hitachi Ltd, S&C Electric Company, DESI Power, Gram Power, Mera Gao Power, Omnigrid Micropower Company, State Grid Corporation of China (SGCC), China Southern Power Grid, CleanSpark, Sungrow Power Supply Co. Ltd., Shenzhen Cubenergy Co. Ltd., Shanghai Dowell Technology Co. Ltd., Shanghai Ghrepower Green Energy Co. Ltd., Shenzhen Sinexcel Electric Co. Ltd., Bboxx, Enervalis, Younicos, Supreme Power Solutions Co. Ltd. (SPS), Phono Solar Technology Co. Ltd., Rolls-Royce Power Systems AG, Capstone Turbine Corporation, Elum Energy, CebeEnergy GmbH, AMS, Caterpillar, enSYNC Corporation, Lockheed Martin Corporation, Power Analytics Corporation, LO3 Energy, HOMER Energy LLC, PowerSecure Inc., Primus Power, SolarX, Sola Group, Powin Inc, Moura, Voltalia, Reuniwatt, Neoenergia, Iberdrola, HIMOINSA, Total Eren, Nidec Industrial Solutions, Edelar S.A, ALEC Energy, Mohamed Abdulrahman Al Bahar LLC, Husk Power Systems, Engie Energy Access. . For further insights on this market, request a sample here.

Major trends in this market include Green Hydrogen Microgrids Pave The Way For Sustainable Energy In The Microgrid Market. For further insights on this market, request a sample here.

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Global Microgrid Market Report 2025

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