Global Microgrid Market Size & Outlook
The microgrid industry worldwide is expected to reach a projected revenue of US$ 224,344.3 million by 2030. A compound annual growth rate of 16.5% is expected of the worldwide microgrid industry from 2024 to 2030.
Revenue, 2023 (US$M)
$76,878.4
Forecast, 2030 (US$M)
$224,344.3
CAGR, 2024 - 2030
16.5%
Report Coverage
Worldwide
Global microgrid market, 2018-2030 (US$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 segmentation & 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 statistics, by region, 2018-2030 (US$M)
Top 10 countries: Microgrid market size, 2023 (USD Million)
Top 10 countries: Microgrid market size, 2023 (USD Million)
Global microgrid market, by region, 2023 (US$M)
Related regional statistics
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