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.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
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
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
7.1. Microgrid Market, by Grid Type
7.1.1. On-grid (Grid-connected)
7.1.1.1. Market Revenue and Forecast
7.1.2. Off-grid (Remote/Islanded)
7.1.2.1. Market Revenue and Forecast
7.1.3. Hybrid
7.1.3.1. Market Revenue and Forecast
8.1. Microgrid Market, by Offering
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast
8.1.2. Power Generators (Diesel, Natural Gas, Renewables)
8.1.2.1. Market Revenue and Forecast
8.1.3. Energy Storage Systems (Batteries, Flywheels)
8.1.3.1. Market Revenue and Forecast
8.1.4. Smart Meters
8.1.4.1. Market Revenue and Forecast
8.1.5. Switchgears & Controllers
8.1.5.1. Market Revenue and Forecast
8.1.6. Inverters
8.1.6.1. Market Revenue and Forecast
8.1.7. Software
8.1.7.1. Market Revenue and Forecast
8.1.8. Energy Management Systems (EMS)
8.1.8.1. Market Revenue and Forecast
8.1.9. Microgrid Control Systems
8.1.9.1. Market Revenue and Forecast
8.1.10. SCADA Systems
8.1.10.1. Market Revenue and Forecast
8.1.11. Predictive Analytics & Optimization
8.1.11.1. Market Revenue and Forecast
8.1.12. Services
8.1.12.1. Market Revenue and Forecast
8.1.13. Engineering & Design Services
8.1.13.1. Market Revenue and Forecast
8.1.14. Integration & Installation Services
8.1.14.1. Market Revenue and Forecast
8.1.15. Operation & Maintenance (O&M)
8.1.15.1. Market Revenue and Forecast
8.1.16. Consulting & Advisory
8.1.16.1. Market Revenue and Forecast
8.1.17. Remote Monitoring & Support
8.1.17.1. Market Revenue and Forecast
9.1. Microgrid Market, by Energy Source
9.1.1. Solar Photovoltaic (PV)
9.1.1.1. Market Revenue and Forecast
9.1.2. Wind
9.1.2.1. Market Revenue and Forecast
9.1.3. Combined Heat & Power (CHP)
9.1.3.1. Market Revenue and Forecast
9.1.4. Diesel Generators
9.1.4.1. Market Revenue and Forecast
9.1.5. Natural Gas
9.1.5.1. Market Revenue and Forecast
9.1.6. Hydrogen
9.1.6.1. Market Revenue and Forecast
9.1.7. Fuel Cells
9.1.7.1. Market Revenue and Forecast
9.1.8. Others (Biomass, Geothermal)
9.1.8.1. Market Revenue and Forecast
10.1. Microgrid Market, by End Use
10.1.1. Commercial & Industrial
10.1.1.1. Market Revenue and Forecast
10.1.2. Government & Military
10.1.2.1. Market Revenue and Forecast
10.1.3. Healthcare
10.1.3.1. Market Revenue and Forecast
10.1.4. Education Institutions
10.1.4.1. Market Revenue and Forecast
10.1.5. Residential
10.1.5.1. Market Revenue and Forecast
11.1. Microgrid Market, by Control Type
11.1.1. Centralized Control
11.1.1.1. Market Revenue and Forecast
11.1.2. Decentralized/Autonomous Control
11.1.2.1. Market Revenue and Forecast
11.1.3. Hierarchical Control
11.1.3.1. Market Revenue and Forecast
11.1.4. Peer-to-Peer Control (Blockchain-enabled)
11.1.4.1. Market Revenue and Forecast
12.1. Microgrid Market, by Power Rating
12.1.1. < 500 kW
12.1.1.1. Market Revenue and Forecast
12.1.2. 500 kW – 1 MW
12.1.2.1. Market Revenue and Forecast
12.1.3. 1 MW – 5 MW
12.1.3.1. Market Revenue and Forecast
12.1.4. > 5 MW
12.1.4.1. Market Revenue and Forecast
13.1. Microgrid Market, by Deployment Mode
13.1.1. New Installations
13.1.1.1. Market Revenue and Forecast
13.1.2. Retrofit Projects
13.1.2.1. Market Revenue and Forecast
14.1. Microgrid Market, by Technology
14.1.1. AC Microgrids
14.1.1.1. Market Revenue and Forecast
14.1.2. DC Microgrids
14.1.2.1. Market Revenue and Forecast
14.1.3. Hybrid AC/DC Microgrids
14.1.3.1. Market Revenue and Forecast
15.1. North America
15.1.1. Market Revenue and Forecast, by Grid Type
15.1.2. Market Revenue and Forecast, by Offering
15.1.3. Market Revenue and Forecast, by Energy Source
15.1.4. Market Revenue and Forecast, by End Use
15.1.5. Market Revenue and Forecast, by Control Type
15.1.6. Market Revenue and Forecast, by Power Rating
15.1.7. Market Revenue and Forecast, by Deployment Mode
15.1.8. Market Revenue and Forecast, by Technology
15.1.9. U.S.
15.1.9.1. Market Revenue and Forecast, by Grid Type
15.1.9.2. Market Revenue and Forecast, by Offering
15.1.9.3. Market Revenue and Forecast, by Energy Source
15.1.9.4. Market Revenue and Forecast, by End Use
15.1.9.5. Market Revenue and Forecast, by Control Type
15.1.9.6. Market Revenue and Forecast, by Power Rating
15.1.9.7. Market Revenue and Forecast, by Deployment Mode
15.1.9.8. Market Revenue and Forecast, by Technology
15.1.10. Rest of North America
15.1.10.1. Market Revenue and Forecast, by Grid Type
15.1.10.2. Market Revenue and Forecast, by Offering
15.1.10.3. Market Revenue and Forecast, by Energy Source
15.1.10.4. Market Revenue and Forecast, by End Use
15.1.10.5. Market Revenue and Forecast, by Control Type
15.1.10.6. Market Revenue and Forecast, by Power Rating
15.1.10.7. Market Revenue and Forecast, by Deployment Mode
15.1.10.8. Market Revenue and Forecast, by Technology
15.2. Europe
15.2.1. Market Revenue and Forecast, by Grid Type
15.2.2. Market Revenue and Forecast, by Offering
15.2.3. Market Revenue and Forecast, by Energy Source
15.2.4. Market Revenue and Forecast, by End Use
15.2.5. Market Revenue and Forecast, by Control Type
15.2.6. Market Revenue and Forecast, by Power Rating
15.2.7. Market Revenue and Forecast, by Deployment Mode
15.2.8. Market Revenue and Forecast, by Technology
15.2.9. UK
15.2.9.1. Market Revenue and Forecast, by Grid Type
15.2.9.2. Market Revenue and Forecast, by Offering
15.2.9.3. Market Revenue and Forecast, by Energy Source
15.2.9.4. Market Revenue and Forecast, by End Use
15.2.9.5. Market Revenue and Forecast, by Control Type
15.2.9.6. Market Revenue and Forecast, by Power Rating
15.2.9.7. Market Revenue and Forecast, by Deployment Mode
15.2.9.8. Market Revenue and Forecast, by Technology
15.2.10. Germany
15.2.10.1. Market Revenue and Forecast, by Grid Type
15.2.10.2. Market Revenue and Forecast, by Offering
15.2.10.3. Market Revenue and Forecast, by Energy Source
15.2.10.4. Market Revenue and Forecast, by End Use
15.2.10.5. Market Revenue and Forecast, by Control Type
15.2.10.6. Market Revenue and Forecast, by Power Rating
15.2.10.7. Market Revenue and Forecast, by Deployment Mode
15.2.10.8. Market Revenue and Forecast, by Technology
15.2.11. France
15.2.11.1. Market Revenue and Forecast, by Grid Type
15.2.11.2. Market Revenue and Forecast, by Offering
15.2.11.3. Market Revenue and Forecast, by Energy Source
15.2.11.4. Market Revenue and Forecast, by End Use
15.2.11.5. Market Revenue and Forecast, by Control Type
15.2.11.6. Market Revenue and Forecast, by Power Rating
15.2.11.7. Market Revenue and Forecast, by Technology
15.2.11.8. Market Revenue and Forecast, by Deployment Mode
15.2.12. Rest of Europe
15.2.12.1. Market Revenue and Forecast, by Grid Type
15.2.12.2. Market Revenue and Forecast, by Offering
15.2.12.3. Market Revenue and Forecast, by Energy Source
15.2.12.4. Market Revenue and Forecast, by End Use
15.2.12.5. Market Revenue and Forecast, by Control Type
15.2.12.6. Market Revenue and Forecast, by Power Rating
15.2.12.7. Market Revenue and Forecast, by Deployment Mode
15.2.12.8. Market Revenue and Forecast, by Technology
15.3. APAC
15.3.1. Market Revenue and Forecast, by Grid Type
15.3.2. Market Revenue and Forecast, by Offering
15.3.3. Market Revenue and Forecast, by Energy Source
15.3.4. Market Revenue and Forecast, by End Use
15.3.5. Market Revenue and Forecast, by Control Type
15.3.6. Market Revenue and Forecast, by Power Rating
15.3.7. Market Revenue and Forecast, by Deployment Mode
15.3.8. Market Revenue and Forecast, by Technology
15.3.9. India
15.3.9.1. Market Revenue and Forecast, by Grid Type
15.3.9.2. Market Revenue and Forecast, by Offering
15.3.9.3. Market Revenue and Forecast, by Energy Source
15.3.9.4. Market Revenue and Forecast, by End Use
15.3.9.5. Market Revenue and Forecast, by Control Type
15.3.9.6. Market Revenue and Forecast, by Power Rating
15.3.9.7. Market Revenue and Forecast, by Deployment Mode
15.3.9.8. Market Revenue and Forecast, by Technology
15.3.10. China
15.3.10.1. Market Revenue and Forecast, by Grid Type
15.3.10.2. Market Revenue and Forecast, by Offering
15.3.10.3. Market Revenue and Forecast, by Energy Source
15.3.10.4. Market Revenue and Forecast, by End Use
15.3.10.5. Market Revenue and Forecast, by Control Type
15.3.10.6. Market Revenue and Forecast, by Power Rating
15.3.10.7. Market Revenue and Forecast, by Deployment Mode
15.3.10.8. Market Revenue and Forecast, by Technology
15.3.11. Japan
15.3.11.1. Market Revenue and Forecast, by Grid Type
15.3.11.2. Market Revenue and Forecast, by Offering
15.3.11.3. Market Revenue and Forecast, by Energy Source
15.3.11.4. Market Revenue and Forecast, by End Use
15.3.11.5. Market Revenue and Forecast, by Control Type
15.3.11.6. Market Revenue and Forecast, by Power Rating
15.3.11.7. Market Revenue and Forecast, by Deployment Mode
15.3.11.8. Market Revenue and Forecast, by Technology
15.3.12. Rest of APAC
15.3.12.1. Market Revenue and Forecast, by Grid Type
15.3.12.2. Market Revenue and Forecast, by Offering
15.3.12.3. Market Revenue and Forecast, by Energy Source
15.3.12.4. Market Revenue and Forecast, by End Use
15.3.12.5. Market Revenue and Forecast, by Control Type
15.3.12.6. Market Revenue and Forecast, by Power Rating
15.3.12.7. Market Revenue and Forecast, by Deployment Mode
15.3.12.8. Market Revenue and Forecast, by Technology
15.4. MEA
15.4.1. Market Revenue and Forecast, by Grid Type
15.4.2. Market Revenue and Forecast, by Offering
15.4.3. Market Revenue and Forecast, by Energy Source
15.4.4. Market Revenue and Forecast, by End Use
15.4.5. Market Revenue and Forecast, by Control Type
15.4.6. Market Revenue and Forecast, by Power Rating
15.4.7. Market Revenue and Forecast, by Deployment Mode
15.4.8. Market Revenue and Forecast, by Technology
15.4.9. GCC
15.4.9.1. Market Revenue and Forecast, by Grid Type
15.4.9.2. Market Revenue and Forecast, by Offering
15.4.9.3. Market Revenue and Forecast, by Energy Source
15.4.9.4. Market Revenue and Forecast, by End Use
15.4.9.5. Market Revenue and Forecast, by Control Type
15.4.9.6. Market Revenue and Forecast, by Power Rating
15.4.9.7. Market Revenue and Forecast, by Deployment Mode
15.4.9.8. Market Revenue and Forecast, by Technology
15.4.10. North Africa
15.4.10.1. Market Revenue and Forecast, by Grid Type
15.4.10.2. Market Revenue and Forecast, by Offering
15.4.10.3. Market Revenue and Forecast, by Energy Source
15.4.10.4. Market Revenue and Forecast, by End Use
15.4.10.5. Market Revenue and Forecast, by Control Type
15.4.10.6. Market Revenue and Forecast, by Power Rating
15.4.10.7. Market Revenue and Forecast, by Deployment Mode
15.4.10.8. Market Revenue and Forecast, by Technology
15.4.11. South Africa
15.4.11.1. Market Revenue and Forecast, by Grid Type
15.4.11.2. Market Revenue and Forecast, by Offering
15.4.11.3. Market Revenue and Forecast, by Energy Source
15.4.11.4. Market Revenue and Forecast, by End Use
15.4.11.5. Market Revenue and Forecast, by Control Type
15.4.11.6. Market Revenue and Forecast, by Power Rating
15.4.11.7. Market Revenue and Forecast, by Deployment Mode
15.4.11.8. Market Revenue and Forecast, by Technology
15.4.12. Rest of MEA
15.4.12.1. Market Revenue and Forecast, by Grid Type
15.4.12.2. Market Revenue and Forecast, by Offering
15.4.12.3. Market Revenue and Forecast, by Energy Source
15.4.12.4. Market Revenue and Forecast, by End Use
15.4.12.5. Market Revenue and Forecast, by Control Type
15.4.12.6. Market Revenue and Forecast, by Power Rating
15.4.12.7. Market Revenue and Forecast, by Deployment Mode
15.4.12.8. Market Revenue and Forecast, by Technology
15.5. Latin America
15.5.1. Market Revenue and Forecast, by Grid Type
15.5.2. Market Revenue and Forecast, by Offering
15.5.3. Market Revenue and Forecast, by Energy Source
15.5.4. Market Revenue and Forecast, by End Use
15.5.5. Market Revenue and Forecast, by Control Type
15.5.6. Market Revenue and Forecast, by Power Rating
15.5.7. Market Revenue and Forecast, by Deployment Mode
15.5.8. Market Revenue and Forecast, by Technology
15.5.9. Brazil
15.5.9.1. Market Revenue and Forecast, by Grid Type
15.5.9.2. Market Revenue and Forecast, by Offering
15.5.9.3. Market Revenue and Forecast, by Energy Source
15.5.9.4. Market Revenue and Forecast, by End Use
15.5.9.5. Market Revenue and Forecast, by Control Type
15.5.9.6. Market Revenue and Forecast, by Power Rating
15.5.9.7. Market Revenue and Forecast, by Deployment Mode
15.5.9.8. Market Revenue and Forecast, by Technology
15.5.10. Rest of LATAM
15.5.10.1. Market Revenue and Forecast, by Grid Type
15.5.10.2. Market Revenue and Forecast, by Offering
15.5.10.3. Market Revenue and Forecast, by Energy Source
15.5.10.4. Market Revenue and Forecast, by End Use
15.5.10.5. Market Revenue and Forecast, by Control Type
15.5.10.6. Market Revenue and Forecast, by Power Rating
15.5.10.7. Market Revenue and Forecast, by Deployment Mode
15.5.10.8. Market Revenue and Forecast, by Technology
16.1. Lockheed Martin Corporation
16.1.1. Company Overview
16.1.2. Product Offerings
16.1.3. Financial Performance
16.1.4. Recent Initiatives
16.2. ZBB Energy Corporation
16.2.1. Company Overview
16.2.2. Product Offerings
16.2.3. Financial Performance
16.2.4. Recent Initiatives
16.3. ABB Ltd.
16.3.1. Company Overview
16.3.2. Product Offerings
16.3.3. Financial Performance
16.3.4. Recent Initiatives
16.4. Consert Inc.
16.4.1. Company Overview
16.4.2. Product Offerings
16.4.3. Financial Performance
16.4.4. Recent Initiatives
16.5. Viridity Energy Inc.
16.5.1. Company Overview
16.5.2. Product Offerings
16.5.3. Financial Performance
16.5.4. Recent Initiatives
16.6. S&C Electric Company
16.6.1. Company Overview
16.6.2. Product Offerings
16.6.3. Financial Performance
16.6.4. Recent Initiatives
16.7. Chevron Energy
16.7.1. Company Overview
16.7.2. Product Offerings
16.7.3. Financial Performance
16.7.4. Recent Initiatives
16.8. Toshiba Corporation
16.8.1. Company Overview
16.8.2. Product Offerings
16.8.3. Financial Performance
16.8.4. Recent Initiatives
16.9. HOMER Energy LLC
16.9.1. Company Overview
16.9.2. Product Offerings
16.9.3. Financial Performance
16.9.4. Recent Initiatives
16.10. Honeywell International Inc.
16.10.1. Company Overview
16.10.2. Product Offerings
16.10.3. Financial Performance
16.10.4. Recent Initiatives
16.7. Primary Research
16.7. Secondary Research
16.7. Assumptions
18.1. About Us
18.2. Glossary of Terms
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