List of Contents

Microgrid Market Size, Share, and Trends 2024 to 2034

The global microgrid market size is accounted at USD 51.40 billion in 2025 and is forecasted to hit around USD 236.18 billion by 2034, representing a CAGR of 18.52% from 2025 to 2034. The North America market size was estimated at USD 17.71 billion in 2024 and is expanding at a CAGR of 18.55% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2302
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Microgrid Market, By Connectivity

7.1. Microgrid Market, by Connectivity

7.1.1. Grid Connected

7.1.1.1. Market Revenue and Forecast

7.1.2. Off-grid Connected

7.1.2.1. Market Revenue and Forecast

Chapter 8. Global Microgrid Market, By Type

8.1. Microgrid Market, by Type

8.1.1. AC Microgrids

8.1.1.1. Market Revenue and Forecast

8.1.2. DC Microgrids

8.1.2.1. Market Revenue and Forecast

8.1.3. Hybrid

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Microgrid Market, By Offering

9.1. Microgrid Market, by Offering

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast

9.1.2. Software

9.1.2.1. Market Revenue and Forecast

9.1.3. Services

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Microgrid Market, By Power Source

10.1. Microgrid Market, by Power Source

10.1.1. Diesel Generators

10.1.1.1. Market Revenue and Forecast

10.1.2. Natural Gas

10.1.2.1. Market Revenue and Forecast

10.1.3. Solar PV

10.1.3.1. Market Revenue and Forecast

10.1.4. CHP

10.1.4.1. Market Revenue and Forecast

10.1.5. Fuel Cell

10.1.5.1. Market Revenue and Forecast

10.1.6. Others

10.1.6.1. Market Revenue and Forecast

Chapter 11. Global Microgrid Market, By Storage Device

11.1. Microgrid Market, by Storage Device

11.1.1. Lithium-ion

11.1.1.1. Market Revenue and Forecast

11.1.2. Lead Acid

11.1.2.1. Market Revenue and Forecast

11.1.3. Flow Battery

11.1.3.1. Market Revenue and Forecast

11.1.4. Flywheel

11.1.4.1. Market Revenue and Forecast

11.1.5. Others

11.1.5.1. Market Revenue and Forecast

Chapter 12. Global Microgrid Market, By Power Rating

12.1. Microgrid Market, by Power Rating

12.1.1. Less Than 1 MW

12.1.1.1. Market Revenue and Forecast

12.1.2. 1 MW to 5 MW

12.1.2.1. Market Revenue and Forecast

12.1.3. 5MW to 10 MW

12.1.3.1. Market Revenue and Forecast

12.1.4. More Than 10 MW

12.1.4.1. Market Revenue and Forecast

Chapter 13. Global Microgrid Market, By End-Use

13.1. Microgrid Market, by End-Use

13.1.1. Commercial & Industrial

13.1.1.1. Market Revenue and Forecast

13.1.2. Remote Areas

13.1.2.1. Market Revenue and Forecast

13.1.3. Institutes & Campuses

13.1.3.1. Market Revenue and Forecast

13.1.4. Healthcare

13.1.4.1. Market Revenue and Forecast

13.1.5. Others

13.1.5.1. Market Revenue and Forecast

Chapter 14. Global Microgrid Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Connectivity

14.1.2. Market Revenue and Forecast, by Type

14.1.3. Market Revenue and Forecast, by Offering

14.1.4. Market Revenue and Forecast, by Power Source

14.1.5. Market Revenue and Forecast, by Storage Device

14.1.6. Market Revenue and Forecast, by End-Use

14.1.7. Market Revenue and Forecast, by Power Rating

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Connectivity

14.1.8.2. Market Revenue and Forecast, by Type

14.1.8.3. Market Revenue and Forecast, by Offering

14.1.8.4. Market Revenue and Forecast, by Power Source

14.1.8.5. Market Revenue and Forecast, by Storage Device

14.1.8.6. Market Revenue and Forecast, by End-Use

14.1.8.7. Market Revenue and Forecast, by Power Rating

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Connectivity

14.1.9.2. Market Revenue and Forecast, by Type

14.1.9.3. Market Revenue and Forecast, by Offering

14.1.9.4. Market Revenue and Forecast, by Power Source

14.1.9.5. Market Revenue and Forecast, by Storage Device

14.1.9.6. Market Revenue and Forecast, by End-Use

14.1.9.7. Market Revenue and Forecast, by Power Rating

14.2. Europe

14.2.1. Market Revenue and Forecast, by Connectivity

14.2.2. Market Revenue and Forecast, by Type

14.2.3. Market Revenue and Forecast, by Offering

14.2.4. Market Revenue and Forecast, by Power Source

14.2.5. Market Revenue and Forecast, by Storage Device

14.2.6. Market Revenue and Forecast, by End-Use

14.2.7. Market Revenue and Forecast, by Power Rating

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Connectivity

14.2.8.2. Market Revenue and Forecast, by Type

14.2.8.3. Market Revenue and Forecast, by Offering

14.2.8.4. Market Revenue and Forecast, by Power Source

14.2.8.5. Market Revenue and Forecast, by Storage Device

14.2.8.6. Market Revenue and Forecast, by End-Use

14.2.8.7. Market Revenue and Forecast, by Power Rating

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Connectivity

14.2.9.2. Market Revenue and Forecast, by Type

14.2.9.3. Market Revenue and Forecast, by Offering

14.2.9.4. Market Revenue and Forecast, by Power Source

14.2.9.5. Market Revenue and Forecast, by Storage Device

14.2.9.6. Market Revenue and Forecast, by End-Use

14.2.9.7. Market Revenue and Forecast, by Power Rating

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Connectivity

14.2.10.2. Market Revenue and Forecast, by Type

14.2.10.3. Market Revenue and Forecast, by Offering

14.2.10.4. Market Revenue and Forecast, by Power Source

14.2.10.5. Market Revenue and Forecast, by Storage Device

14.2.10.6. Market Revenue and Forecast, by End-Use

14.2.10.7. Market Revenue and Forecast, by Power Rating

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Connectivity

14.2.11.2. Market Revenue and Forecast, by Type

14.2.11.3. Market Revenue and Forecast, by Offering

14.2.11.4. Market Revenue and Forecast, by Power Source

14.2.11.5. Market Revenue and Forecast, by Storage Device

14.2.11.6. Market Revenue and Forecast, by End-Use

14.2.11.7. Market Revenue and Forecast, by Power Rating

14.3. APAC

14.3.1. Market Revenue and Forecast, by Connectivity

14.3.2. Market Revenue and Forecast, by Type

14.3.3. Market Revenue and Forecast, by Offering

14.3.4. Market Revenue and Forecast, by Power Source

14.3.5. Market Revenue and Forecast, by Storage Device

14.3.6. Market Revenue and Forecast, by End-Use

14.3.7. Market Revenue and Forecast, by Power Rating

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Connectivity

14.3.8.2. Market Revenue and Forecast, by Type

14.3.8.3. Market Revenue and Forecast, by Offering

14.3.8.4. Market Revenue and Forecast, by Power Source

14.3.8.5. Market Revenue and Forecast, by Storage Device

14.3.8.6. Market Revenue and Forecast, by End-Use

14.3.8.7. Market Revenue and Forecast, by Power Rating

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Connectivity

14.3.9.2. Market Revenue and Forecast, by Type

14.3.9.3. Market Revenue and Forecast, by Offering

14.3.9.4. Market Revenue and Forecast, by Power Source

14.3.9.5. Market Revenue and Forecast, by Storage Device

14.3.9.6. Market Revenue and Forecast, by End-Use

14.3.9.7. Market Revenue and Forecast, by Power Rating

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Connectivity

14.3.10.2. Market Revenue and Forecast, by Type

14.3.10.3. Market Revenue and Forecast, by Offering

14.3.10.4. Market Revenue and Forecast, by Power Source

14.3.10.5. Market Revenue and Forecast, by Storage Device

14.3.10.6. Market Revenue and Forecast, by End-Use

14.3.10.7. Market Revenue and Forecast, by Power Rating

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Connectivity

14.3.11.2. Market Revenue and Forecast, by Type

14.3.11.3. Market Revenue and Forecast, by Offering

14.3.11.4. Market Revenue and Forecast, by Power Source

14.3.11.5. Market Revenue and Forecast, by Storage Device

14.3.11.6. Market Revenue and Forecast, by End-Use

14.3.11.7. Market Revenue and Forecast, by Power Rating

14.4. MEA

14.4.1. Market Revenue and Forecast, by Connectivity

14.4.2. Market Revenue and Forecast, by Type

14.4.3. Market Revenue and Forecast, by Offering

14.4.4. Market Revenue and Forecast, by Power Source

14.4.5. Market Revenue and Forecast, by Storage Device

14.4.6. Market Revenue and Forecast, by End-Use

14.4.7. Market Revenue and Forecast, by Power Rating

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Connectivity

14.4.8.2. Market Revenue and Forecast, by Type

14.4.8.3. Market Revenue and Forecast, by Offering

14.4.8.4. Market Revenue and Forecast, by Power Source

14.4.8.5. Market Revenue and Forecast, by Storage Device

14.4.8.6. Market Revenue and Forecast, by End-Use

14.4.8.7. Market Revenue and Forecast, by Power Rating

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Connectivity

14.4.9.2. Market Revenue and Forecast, by Type

14.4.9.3. Market Revenue and Forecast, by Offering

14.4.9.4. Market Revenue and Forecast, by Power Source

14.4.9.5. Market Revenue and Forecast, by Storage Device

14.4.9.6. Market Revenue and Forecast, by End-Use

14.4.9.7. Market Revenue and Forecast, by Power Rating

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Connectivity

14.4.10.2. Market Revenue and Forecast, by Type

14.4.10.3. Market Revenue and Forecast, by Offering

14.4.10.4. Market Revenue and Forecast, by Power Source

14.4.10.5. Market Revenue and Forecast, by Storage Device

14.4.10.6. Market Revenue and Forecast, by End-Use

14.4.10.7. Market Revenue and Forecast, by Power Rating

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Connectivity

14.4.11.2. Market Revenue and Forecast, by Type

14.4.11.3. Market Revenue and Forecast, by Offering

14.4.11.4. Market Revenue and Forecast, by Power Source

14.4.11.5. Market Revenue and Forecast, by Storage Device

14.4.11.6. Market Revenue and Forecast, by End-Use

14.4.11.7. Market Revenue and Forecast, by Power Rating

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Connectivity

14.5.2. Market Revenue and Forecast, by Type

14.5.3. Market Revenue and Forecast, by Offering

14.5.4. Market Revenue and Forecast, by Power Source

14.5.5. Market Revenue and Forecast, by Storage Device

14.5.6. Market Revenue and Forecast, by End-Use

14.5.7. Market Revenue and Forecast, by Power Rating

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Connectivity

14.5.8.2. Market Revenue and Forecast, by Type

14.5.8.3. Market Revenue and Forecast, by Offering

14.5.8.4. Market Revenue and Forecast, by Power Source

14.5.8.5. Market Revenue and Forecast, by Storage Device

14.5.8.6. Market Revenue and Forecast, by End-Use

14.5.8.7. Market Revenue and Forecast, by Power Rating

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Connectivity

14.5.9.2. Market Revenue and Forecast, by Type

14.5.9.3. Market Revenue and Forecast, by Offering

14.5.9.4. Market Revenue and Forecast, by Power Source

14.5.9.5. Market Revenue and Forecast, by Storage Device

14.5.9.6. Market Revenue and Forecast, by End-Use

14.5.9.7. Market Revenue and Forecast, by Power Rating

Chapter 15. Company Profiles

15.1. Lockheed Martin Corporation

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. ZBB Energy Corporation

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. ABB Ltd.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Consert Inc.

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Viridity Energy Inc.

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. S&C Electric Company

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Chevron Energy

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Toshiba Corporation

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. HOMER Energy LLC

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Honeywell International Inc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Frequently Asked Questions

The global microgrid market size was reached at USD 43.19 billion in 2024 and it is expected to hit around USD 236.18 billion by 2034.

The global microgrid market is poised to grow at a CAGR of 18.52% from 2025 to 2034.

The major players operating in the microgrid market are Lockheed Martin Corporation, ZBB Energy Corporation, ABB Ltd., Consert Inc., Viridity Energy Inc., S&C Electric Company, Chevron Energy, Toshiba Corporation, HOMER Energy LLC, Honeywell International Inc., GE Digital Energy, Power Analytics Corporation, Microgrid Energy LLC, Siemens

Advancements in renewable energy technology, the increasing rapidly rural electricity, strict government regulations to minimize carbon footprint these are driving the growth of the microgrid market.

North America region will lead the global microgrid market during the forecast period 2025 to 2034.

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