CAGR Value :
The global microgrid market was valued at USD 29.96 billion in 2025 and is projected to reach USD 67.87 billion by 2032, exhibiting a CAGR of 12.7% during the forecast period.
Report Studies :
A microgrid is a small power grid with defined boundaries that can operate both when connected to the larger electrical grid and as an "island" when there's an interruption on the main grid. It draws on distributed energy resources, like solar power, to serve customers within the microgrid footprint. These benefits extend to surrounding communities, with reliable energy allowing better access to food, supplies and public services.
By Types :
Grid-Tied
Independent
By Applications
:
• Commercial or Industrial Microgrid
• Community or Utility Microgrid
• Campus or Institutional Microgrid
• Military Microgrid
• Remote Microgrid
Key Industry Players
• ABB
• General Electric (GE)
• Siemens
• NEC Corporation
• Eaton Corporation
• Toshiba
• Lockheed Martin
• Raytheon Technologies
• S&C Electric Company
• Sunverge Energy
• Echelon
• Aquion Energy
• General Microgrids