Microgrid Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The report covers Global Microgrid Companies & Market Growth. The market is segmented by Application (Institutional Sites, Commercial Facilities, Remote Off-grid Communities, and Other Applications), Type (Custom Microgrid, Remote Power Systems, and Other Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Microgrid Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Microgrid Market Size

Micro Grid Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 18.96 Billion
Market Size (2030) USD 45.39 Billion
CAGR (2025 - 2030) 19.08 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Micro Grid Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Microgrid Market Analysis

The Microgrid Market size is estimated at USD 18.96 billion in 2025, and is expected to reach USD 45.39 billion by 2030, at a CAGR of 19.08% during the forecast period (2025-2030).

In 2020, the market was negatively impacted due to the COVID-19 pandemic. In Q1 2020, key countries like the United States and India witnessed the lowest microgrid installations in the last four years. The microgrid market is expected to have a robust growth during the forecast period, primarily due to two main factors, i.e., the global demand for clean energy generation and a self-sufficient source of power generation in times of crisis or grid disconnection. However, the microgrid market is likely to be hindered by high capital cost and technical design problems as the developers have to ensure a symbiotic relationship between the main grid and the microgrid if the microgrid is connected to the grid.

  • The off-grid systems are projected to dominate the microgrid market, particularly to address the issue of interconnection approvals from the utilities.
  • The innovation-oriented endeavors and the funding feasibility studies in many countries are the biggest opportunities for the microgrid market. Apart from independent power generation, microgrids have evolved with high-speed control platforms and forecasting systems that make them more sophisticated. Several national and international forums are in contention on many variables, like cost and funding issues, to develop the market.
  • The Asia-Pacific region is expected to dominate the market during the forecast period due to a high rate of electrification, mainly for rural or semi-urban areas.

Microgrid Industry Overview

The microgrid market is moderately consolidated. Some of the major players include Hitachi Energy Ltd, General Electric Company, Siemens AG, Eaton Corporation PLC, and Schneider Electric SE.

Microgrid Market Leaders

  1. Siemens AG

  2. General Electric Company

  3. Eaton Corporation PLC

  4. Schneider Electric SE

  5. Hitachi Energy Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Micro Grid Market Concentration
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Microgrid Market News

  • In November 2021, the Los Angeles Transportation Department planned a new microgrid project for the electrification of EVs. The microgrid, with a solar plus storage power supply system, is expected to become the charging station for the fleet. The project, to be developed by Proterra Energy, received a grant of USD 6 million from the California Energy Commission. It is expected to produce around 7.5 MW of power output.
  • In June 2020, Sri Lanka Electricity Company Ltd (LECO) signed a contract with Dimo and DHYBRID GmbH to construct Sri Lanka's first-ever national grid-tied renewable energy-based microgrid at the University of Moratuwa. The project is funded by the Asian Development Bank (ADB) and will embark on a new paradigm in the field of distributed power generation in Sri Lanka.

Microgrid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Targets, Policies, and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Institutional Sites
    • 5.1.2 Commercial Facilities
    • 5.1.3 Remote Off-grid Communities
    • 5.1.4 Other Applications (Utility/Grid-connected Communities, Military, Etc.)
  • 5.2 Type
    • 5.2.1 Customer Microgrid
    • 5.2.2 Remote Power Systems
    • 5.2.3 Other Types
  • 5.3 Geography
    • 5.3.1 North-America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South-America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Hitachi Energy Ltd
    • 6.3.2 General Electric Company
    • 6.3.3 Siemens AG
    • 6.3.4 Eaton Corporation PLC
    • 6.3.5 Honeywell International Inc.
    • 6.3.6 Toshiba Corp.
    • 6.3.7 Schneider Electric SE
    • 6.3.8 Standard Microgrid Inc.
    • 6.3.9 ENGIE EPS SA
    • 6.3.10 S&C Electric Co.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Microgrid Industry Segmentation

The microgrid market report includes:

Application Institutional Sites
Commercial Facilities
Remote Off-grid Communities
Other Applications (Utility/Grid-connected Communities, Military, Etc.)
Type Customer Microgrid
Remote Power Systems
Other Types
Geography North-America
Europe
Asia-Pacific
South-America
Middle-East and Africa
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Microgrid Market Research FAQs

How big is the Microgrid Market?

The Microgrid Market size is expected to reach USD 18.96 billion in 2025 and grow at a CAGR of 19.08% to reach USD 45.39 billion by 2030.

What is the current Microgrid Market size?

In 2025, the Microgrid Market size is expected to reach USD 18.96 billion.

Who are the key players in Microgrid Market?

Siemens AG, General Electric Company, Eaton Corporation PLC, Schneider Electric SE and Hitachi Energy Ltd are the major companies operating in the Microgrid Market.

Which is the fastest growing region in Microgrid Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Microgrid Market?

In 2025, the North America accounts for the largest market share in Microgrid Market.

What years does this Microgrid Market cover, and what was the market size in 2024?

In 2024, the Microgrid Market size was estimated at USD 15.34 billion. The report covers the Microgrid Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Microgrid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Micro Grid Industry Report

The global microgrid market is witnessing significant growth, driven by the demand for reliable and efficient energy solutions across various sectors, including commercial and industrial buildings, remote areas, and healthcare facilities. This market, offering both grid-connected and off-grid systems, is segmented by connectivity, power source, and region, providing a comprehensive industry overview. Key growth drivers include the need for electric vehicle charging infrastructure, digitalization, smart grid technologies, and the rising demand for energy.

However, challenges like grid interconnection complexities and the need for standardization persist. The Asia Pacific region is expected to see notable growth due to increased energy demand and a focus on renewable sources. The hardware segment, including power generators and energy storage systems, dominates the market share, supported by the widespread adoption of microgrid projects. The commercial and industrial buildings segment is also anticipated to grow significantly.

Microgrid companies are crucial in this evolving market, enhancing energy reliability, efficiency, and sustainability, thus playing a pivotal role in advancing sustainable energy solutions globally. For detailed market insights and forecasts, refer to industry reports by Mordor Intelligence™. Get a sample of this industry analysis as a free report PDF download. The market size is expanding, and market analysis indicates a positive market forecast. Market growth is evident in the market report and market research.

The market share is substantial, and the report PDF provides comprehensive market trends. The global market is analyzed for industry growth, identifying the largest companies. The market overview offers a detailed industry analysis, providing valuable industry information and industry outlook. Industry reports and industry research highlight the increasing industry sales and industry size.

Industry statistics reveal significant industry trends, supported by market data. The market forecast aligns with market growth, driven by market leaders. The market outlook and market overview present accurate market predictions. Market review and market segmentation are essential for understanding market value. The report example and report PDF are useful for research companies. The growth rate is impressive, as indicated by industry analysis.