Microgrid Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global microgrid market is expected to grow at a CAGR of around 9.6% during 2025-2034. This report on global microgrid market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global microgrid market by segmenting the market based on energy source, application, and region. Also, detailed profiles of companies operating in the microgrid market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing Demand for Off Grid Electricity
• Government Program Toward Electrification
Market Challenges
• High Installation Cost
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Energy Source
• Natural Gas
• Combined Heat and Power
• Solar Photovoltaic (PV)
• Diesel
• Fuel Cell
• Others
Market by Application
• Remote Systems
• Institution and Campus
• Utility/Community
• Defence
• Others
Market by Region
• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Microgrid Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Microgrid Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Microgrid Market by Energy Source
- 5.1. Introduction
- 5.2. Natural Gas
- 5.3. Combined Heat and Power
- 5.4. Solar Photovoltaic (PV)
- 5.5. Diesel
- 5.6. Fuel Cell
- 5.7. Others
- 6. Global Microgrid Market by Application
- 6.1 Introduction
- 6.2 Remote Systems
- 6.3 Institution and Campus
- 6.4 Utility/Community
- 6.5 Defence
- 6.6 Others
- 7. Global Microgrid Market by Region
- 7.1 Introduction
- 7.2 Europe
- 7.3 North America
- 7.4 Asia Pacific
- 7.5 Latin America
- 7.6 Middle East & Africa
- 8. SWOT Analysis
- 9. Porter’s Five Forces
- 10. Market Value Chain Analysis
- 11. Competitive Landscape
- 11.1 Competitive Scenario
- 11.2 Company Profiles
- 11.2.1 ABB Ltd.
- 11.2.2 Eaton Corporation
- 11.2.3 Exelon Corporation
- 11.2.4 General Electric
- 11.2.5 HOMER Energy LLC
- 11.2.6 Honeywell International Inc.
- 11.2.7 Lockheed Martin
- 11.2.8 Power Analytics Corporation
- 11.2.9 Schneider Electric SE
- 11.2.10 Siemens
- 11.2.11 S&C Electric Company
- List of Figures
- Figure 1: Global Microgrid Market (in US$ Million), 2020-2024
- Figure 2: Global Microgrid Market by Energy Source, 2024
- Figure 3: Global Microgrid Market by Application, 2024
- Figure 4: Global Microgrid Market by Region, 2024
- Figure 5: Global Microgrid Market (in US$ Million), 2025-2034
- Figure 6: Global Microgrid Market by Energy Source (in %), 2024 & 2034
- Figure 7: Global Natural Gas Microgrid Market (in US$ Million), 2020-2024
- Figure 8: Global Natural Gas Microgrid Market (in US$ Million), 2025-2034
- Figure 9: Global Combined Heat and Power Microgrid Market (in US$ Million), 2020-2024
- Figure 10: Global Combined Heat and Power Microgrid Market (in US$ Million), 2025-2034
- Figure 11: Global Solar Photovoltaic (PV) Microgrid Market (in US$ Million), 2020-2024
- Figure 12: Global Solar Photovoltaic (PV) Microgrid Market (in US$ Million), 2025-2034
- Figure 13: Global Diesel Microgrid Market (in US$ Million), 2020-2024
- Figure 14: Global Diesel Microgrid Market (in US$ Million), 2025-2034
- Figure 15: Global Fuel Cell Microgrid Market (in US$ Million), 2020-2024
- Figure 16: Global Fuel Cell Microgrid Market (in US$ Million), 2025-2034
- Figure 17: Global Other Energy Sources Microgrid Market (in US$ Million), 2020-2024
- Figure 18: Global Other Energy Sources Microgrid Market (in US$ Million), 2025-2034
- Figure 19: Global Microgrid Market by Application (in %), 2024 & 2034
- Figure 20: Global Remote Systems Microgrid Market (in US$ Million), 2020-2024
- Figure 21: Global Remote Systems Microgrid Market (in US$ Million), 2025-2034
- Figure 22: Global Institution and Campus Microgrid Market (in US$ Million), 2020-2024
- Figure 23: Global Institution and Campus Microgrid Market (in US$ Million), 2025-2034
- Figure 24: Global Utility/Community Microgrid Market (in US$ Million), 2020-2024
- Figure 25: Global Utility/Community Microgrid Market (in US$ Million), 2025-2034
- Figure 26: Global Defence Microgrid Market (in US$ Million), 2020-2024
- Figure 27: Global Defence Microgrid Market (in US$ Million), 2025-2034
- Figure 28: Global Other Applications Microgrid Market (in US$ Million), 2020-2024
- Figure 29: Global Other Applications Microgrid Market (in US$ Million), 2025-2034
- Figure 30: Global Microgrid Market by Region (in %), 2024 & 2034
- Figure 31: Europe Microgrid Market (in US$ Million), 2020-2024
- Figure 32: Europe Microgrid Market (in US$ Million), 2025-2034
- Figure 33: North America Microgrid Market (in US$ Million), 2020-2024
- Figure 34: North America Microgrid Market (in US$ Million), 2025-2034
- Figure 35: Asia Pacific Microgrid Market (in US$ Million), 2020-2024
- Figure 36: Asia Pacific Microgrid Market (in US$ Million), 2025-2034
- Figure 37: Latin America Microgrid Market (in US$ Million), 2020-2024
- Figure 38: Latin America Microgrid Market (in US$ Million), 2025-2034
- Figure 39: Middle East & Africa Microgrid Market (in US$ Million), 2020-2024
- Figure 40: Middle East & Africa Microgrid Market (in US$ Million), 2025-2034
- Figure 41: Market Value Chain
- List of Tables
- Table 1: Global Microgrid Market Portraiture
- Table 2: Global Microgrid Market by Energy Sources (in US$ Million), 2024 & 2034
- Table 3: Global Microgrid Market by Application (in US$ Million), 2024 & 2034
- Table 4: Global Microgrid Market by Region (in US$ Million), 2024 & 2034
- Table 5: List of Key Players
Research Assistance
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