The Microgrid Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Microgrid Market?
The Microgrid Global Market Report 2025 market has seen rapid growth in its market size. It has increased from $17.08 billion in 2024 to $20.48 billion in 2025, with a compound annual growth rate (CAGR) of 19.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Microgrid Industry?
By 2029, the microgrid global market is projected to reach a size of $39.53 billion, with a Compound Annual Growth Rate (CAGR) of 17.9%.
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What are the Key Growth Drivers Fueling the Microgrid Market?
The key drivers in the microgrid market are:
• Rising electricity demand
• Increasing initiatives related to microgrids
• Population growth fueling the need for decentralized power supply
• The development and incorporation of artificial intelligence in microgrid systems
Global Market Segmentation: Identifying Major Microgrid Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Microgrid Market?
The key trends in the microgrid market are:
• The use of artificial intelligence (AI) technology in microgrids is becoming more prevalent.
• The development and use of green hydrogen microgrids is a rising trend.
• The move towards developing smart, plug-and-play microgrid inverters is increasingly shaping the market.
• The adoption of solar and battery-powered microgrid communities and partnerships and collaborations are growing trends.
Who Are the Top Competitors & Leading Players in the Microgrid Market?
Major companies in the microgrid market are:
• 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the microgrid market in 2024
