Global Microgrid Market Size & Outlook, 2023-2030
Global microgrid market, 2018-2030 (US$M)
Related Markets
Global microgrid market highlights
- The global microgrid market generated a revenue of USD 76,878.4 million in 2023 and is expected to reach USD 224,344.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 16.5% by 2030.
- In terms of segment, chp accounted for a revenue of USD 28,559.3 million in 2023.
- CHP is the most lucrative power source segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 76,878.4 million |
| Market revenue in 2030 | USD 224,344.3 million |
| Growth rate | 16.5% (CAGR from 2023 to 2030) |
| Largest segment | Chp |
| Fastest growing segment | CHP |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CHP, Natural Gas, Solar PV, Diesel, Fuel Cell |
Other key industry trends
- In terms of revenue, the North America accounted for 35.8% of the global microgrid market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 6,509.6 million by 2030.
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Microgrid Market Scope
Microgrid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global microgrid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microgrid market will help companies and investors design strategic landscapes.
Chp was the largest segment with a revenue share of 37.15% in 2023. Horizon Databook has segmented the Global microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Microgrid Power Source Outlook (Revenue, USD Million, 2018-2030)
- CHP
- Natural Gas
- Solar PV
- Diesel
- Fuel Cell
- Others
- Global Microgrid Product Outlook (Revenue, USD Million, 2018-2030)
- Remote
- Grid Connected
- Hybrid
- Global Microgrid Application Outlook (Revenue, USD Million, 2018-2030)
- Government
- Education
- Commercial
- Utility
- Defense
- Others
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Target buyers of Global microgrid market databook
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Our clientele includes a mix of microgrid market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global microgrid market , including forecasts for subscribers. This global databook contains high-level insights into Global microgrid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global microgrid market size, by regions, 2018-2030 (US$M)
Top 10 countries: Microgrid market size, 2023 (US$M)
Global microgrid market share, by power source, 2023 & 2030 (%, US$M)
Microgrid market: Opportunity assessment by country
Global microgrid market, by region, 2023 (US$M)
| Power Source | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 13,571.3 | 14,721.0 | 15,498.5 | 22,201.0 | 24,601.2 | 27,516.7 | 31,064.0 | 35,392.7 | 40,694.6 | 47,217.0 | 55,279.6 | 65,300.4 | 77,825.0 | 16.0% |
| Europe | 8,551.5 | 9,312.2 | 9,842.4 | 14,154.2 | 15,746.2 | 17,682.0 | 20,040.9 | 22,925.1 | 26,465.2 | 30,831.1 | 36,242.6 | 42,987.1 | 51,442.2 | 16.5% |
| Asia Pacific | 7,661.2 | 8,470.5 | 9,088.1 | 13,264.0 | 14,972.9 | 17,057.4 | 19,609.4 | 22,747.9 | 26,626.6 | 31,445.6 | 37,466.5 | 45,034.3 | 54,605.5 | 18.1% |
| Latin America | 3,138.6 | 3,419.3 | 3,615.6 | 5,201.7 | 5,789.4 | 6,504.0 | 7,374.8 | 8,439.8 | 9,747.4 | 11,360.2 | 13,360.1 | 15,853.2 | 18,979.5 | 16.5% |
| MEA | 4,177.5 | 4,494.4 | 4,692.6 | 6,665.2 | 7,322.1 | 8,118.3 | 9,083.4 | 10,255.4 | 11,683.0 | 13,428.1 | 15,571.0 | 18,214.3 | 21,492.1 | 14.9% |
| Overall | 37,100.1 | 40,417.4 | 42,737.2 | 61,486.1 | 68,431.8 | 76,878.4 | 87,172.5 | 99,760.9 | 115,216.8 | 134,282.0 | 157,919.8 | 187,389.3 | 224,344.3 | 16.5% |
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