4 FAQs about Microgrid Industry Brand Analysis Report

What is the global microgrid market size in 2024?

The global microgrid market size was valued at USD 11.86 billion in 2024. The market is projected to grow from USD 13.59 billion in 2025 to USD 36.93 billion by 2032, exhibiting a CAGR of 15.36% during the forecast period. Asia Pacific dominated the global market with a share of 43.17% in 2024.

How big is the microgrid market?

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. The Microgrid Market size is estimated at USD 20.54 billion in 2025, and is expected to reach USD 46.99 billion by 2030, at a CAGR of 17.85% during the forecast period (2025-2030).

Why is the microgrid market growing?

The market is experiencing significant growth due to the increasing demand for reliable and resilient power infrastructure, particularly in regions prone to power outages and grid instability. Microgrids offer an attractive solution, enabling local energy generation and consumption, and ensuring uninterrupted power supply during grid failures.

How much is the microgrid market worth in 2021?

The microgrid market was valued at USD 11.4 billion in 2021 and grew at a CAGR of approximately 26% through 2024, driven by growing advancements in smart grid technology, energy management software and energy storage systems aimed at improving microgrid scalability and efficiency.

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