Global Microgrid Market Growth (Status and Outlook) 2025-2031

Global Microgrid Market Growth (Status and Outlook) 2025-2031

The global Microgrid market size is predicted to grow from US$ 35480 million in 2025 to US$ 70670 million in 2031; it is expected to grow at a CAGR of 12.2% from 2025 to 2031.

A microgrid is a small power grid with defined boundaries that can operate both when connected to the larger electrical grid and as an "island" when there"s an interruption on the main grid. It draws on distributed energy resources, like solar power, to serve customers within the microgrid footprint. These benefits extend to surrounding communities, with reliable energy allowing better access to food, supplies and public services.

Global microgrid key players include ABB, NEC, GE, Aquion Energy, Echelon, etc. Global top 5 players hold a share about 25%.

North America is the largest market, with a share about 41%, followed by Asia-Pacific, having a total share about 40 percent.

In terms of product, grid-tied is the largest segment, with a share about 78%. And in terms of application, the largest application is commercial or industrial microgrid.

LPI (LP Information)' newest research report, the “Microgrid Industry Forecast” looks at past sales and reviews total world Microgrid sales in 2024, providing a comprehensive analysis by region and market sector of projected Microgrid sales for 2025 through 2031. With Microgrid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microgrid industry.

This Insight Report provides a comprehensive analysis of the global Microgrid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Microgrid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Microgrid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microgrid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microgrid.

This report presents a comprehensive overview, market shares, and growth opportunities of Microgrid market by product type, application, key players and key regions and countries.

Segmentation by Type:
Grid-Tied
Independent

Segmentation by Application:
Commercial or Industrial Microgrid
Community or Utility Microgrid
Campus or Institutional Microgrid
Military Microgrid
Remote Microgrid

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
NEC
GE
Aquion Energy
Echelon
Raytheon
SandC Electric Co
Eaton Corporation
Sunverge Energy
Siemens
Toshiba
General Microgrids
Lockheed Martin

Please note: The report will take approximately 2 business days to prepare and deliver.