Global Microgrid Market Size & Outlook, 2024-2030
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 17.1% by 2030.
- In terms of segment, chp accounted for a revenue of USD 32,733.4 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, China 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 | 17.1% (CAGR from 2024 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 | Fuel Cell, CHP, Diesel, Natural Gas, Solar PV |
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, China is the fastest growing regional market and is projected to reach USD 24,274.0 million by 2030.
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Microgrid Market Scope
Microgrid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Viridien | View profile | 3515 | 27 avenue Carnot, Massy, France, 91300 | https://www.cgg.com |
| Northland Power Inc | View profile | 1344 | 30 Street Clair Avenue West, 17th Floor, Toronto, ON, Canada, M4V 3A1 | https://www.northlandpower.com |
| Exelon Corp | View profile | 19962 | 10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, United States, 60680-5379 | https://www.exeloncorp.com |
| NRG Energy Inc | View profile | 18131 | 910 Louisiana Street, Houston, TX, United States, 77002 | https://www.nrg.com |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | https://www.spiritaero.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
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 42.58% in 2023. Horizon Databook has segmented the Global microgrid market based on fuel cell, chp, diesel, natural gas, solar pv 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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)
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