How big is the Microgrid Market?

The Microgrid Market size is expected to reach USD 15.92 billion in 2024 and grow at a CAGR of 19.08% to reach USD 38.12 billion by 2029. Read More

What is the current Microgrid Market size?

In 2024, the Microgrid Market size is expected to reach USD 15.92 billion. Read More

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. Read More

Which is the fastest growing region in Microgrid Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Microgrid Market?

In 2024, the North America accounts for the largest market share in Microgrid Market. Read More

What years does this Microgrid Market cover, and what was the market size in 2023?

In 2023, the Microgrid Market size was estimated at USD 13.37 billion. The report covers the Microgrid Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Microgrid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key trends in the Microgrid Market?

The key trends in the Microgrid Market are a) Growth of off-grid microgrids, particularly in remote areas b) Integration of renewable energy sources with battery storage c) Development of advanced control systems for improved efficiency Read More

What are the segments covered in the Microgrid Market Report?

The segments covered in the Microgrid Market Report are a) Application: Institutional Sites, Commercial Facilities, Remote Off-grid Communities b) Type: Custom Microgrid, Remote Power Systems Read More

Microgrid Market Share

Statistics for the 2023 & 2024 Microgrid market share, created by Mordor Intelligence™ Industry Reports. Microgrid share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Microgrid Industry

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.