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Microgrid Market Size, Share and Industry Analysis Forecast to 2030
The microgrid market is projected to reach USD 95.16 billion by 2030 from USD 43.47 billion in 2025, at a CAGR of 17.0% from 2025 to 2030. A microgrid is a localized energy system that can operate independently or with the main grid, integrating distributed energy resources for reliable and efficient power. Market growth is fueled by demand for resilient energy, renewable integration, and government initiatives supporting decarbonization and rural electrification.
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KEY TAKEAWAYS
BY OFFERING
Hardware holds the largest market share, primarily comprising power generators, energy storage systems, and controllers. However, software is projected to record the highest CAGR as digital energy management, optimization, and control platforms gain traction.
BY CONNECTIVITY
Grid-connected microgrids lead the overall market owing to increasing adoption in urban and industrial regions, while off-grid microgrids are expected to grow at the highest CAGR, driven by demand in remote and islanded communities.
BY POWER RATING
Microgrids in the 1–5 MW range dominate the market due to their suitability for commercial and industrial operations. Systems above 10 MW are expected to post the highest CAGR, supported by utility-scale deployments.
BY POWER SOURCE
Solar PV is the leading power source segment in the microgrids market, offering cost efficiency and sustainability benefits. It is also expected to grow at the highest CAGR. Other key power sources include natural gas, CHP, diesel, fuel cells, and hybrid systems.
BY END USER
the remote areas segment accounts for the largest share and is expected to register the highest CAGR, driven by rural electrification needs. Commercial and industrial buildings, military facilities, utilities, government buildings, institutes and campuses, and healthcare facilities also contribute significantly.
BY REGION
The microgrid market spans North America, Asia Pacific, Europe, and the Rest of the World (RoW). Asia Pacific is projected to grow at the fastest rate owing to rapid electrification, renewable integration, and supportive government initiatives.
COMPETITIVE LANDSCAPE
Leading players are pursuing organic and inorganic strategies, including partnerships, technology integration, and project expansions. Companies such as Siemens, Schneider Electric, GE Vernove, ABB, and Hitachi Energy are advancing digital platforms, investing in renewable-powered microgrid projects, and entering collaborations to strengthen their presence across emerging markets.
The microgrid market is set to expand significantly over the next decade, driven by rising demand for resilient and decentralized energy systems. Microgrids enable reliable power supply, integration of renewables, and energy efficiency, making them vital for remote areas, commercial facilities, and critical infrastructure. Supportive policies and sustainability goals further accelerate adoption, positioning microgrids as a cornerstone of future energy ecosystems.
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