Press release
Microgrid Demand Gains Momentum with Grid Resilience in the Spotlight. Microgrid Market to Surge at a Significant CAGR of 12.3% through 2033 | Future Market Insights, Inc.
The worldwide microgrid market will reach a value of approximately US$ 35.5 billion in 2023. Looking ahead to 2033, the sales of microgrid systems are expected to increase significantly, potentially reaching a total of US$ 113.3 billion. This growth is anticipated to occur at an average annual rate of 12.3% over the decade.Growing industrialization, government initiatives toward green energy, and a rising demand for reliable power generation with renewable resources are some of the key factors driving the growth of the microgrid market. On the contrary, financial impediments, difficulties in acquiring and registering land for solar PV microgrid installations in rural areas, and high initial installation costs limit the microgrid market from its true growth potential.
Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-59
How is the Global Microgrid Market Classified?
The microgrid market based on verticals can be segmented by the public sector, healthcare, telecom, and manufacturing. Based on technology, the market can be divided into various categories, such as power and component technology. There are three different types of microgrids. The first one is a true microgrid or customer microgrid, which is self-governed, has a regulatory structure and is compatible with the current technology. The second type is a utility or community microgrid or milligrid, which involves a division of a regulated grid. The third variety is the virtual microgrid or V-grid. It covers multiple sites' distributed energy resources (DER) and is coordinated in a manner such that they can be presented as a single unit to the grid. Based on the verticals, manufacturing is emerging as a key end user of microgrid projects for reducing emissions and prioritizing energy conservation.
Which Region Is Likely to Dominate the Microgrid Market?
North America now leads the industry due to increased industrialization and electrification. North America will account for 28% of the microgrid market's growth. The United States and Canada are the region's most important microgrid markets. Factors such as the US government's increased initiatives to deploy energy-efficient power solutions are propelling the microgrid industry in North America forward. In addition, innovative solutions such as EaaS are also going mainstream, which further raises the growth bar for the microgrid market.
Growing economies in the Asia-Pacific area, such as India, China, and Australia, are considered to have enormous potential.
How can you Establish Authority in the Microgrid Market?
Introduction of advanced solutions, collaboration with other organizations, joint ventures/partnerships, and acquisitions & mergers are a few strategies followed by key players operating in the microgrid market, in order to outperform their competitors.
Rising renewable integration combined with favorable government regulations for the construction and deployment of solar and wind farms, as well as combined heat and power systems in commercial buildings, offices, and healthcare facilities, will boost the off-grid microgrid network.
For example, Toshiba Corporation acquired Consert Inc. in 2013, in order to improve their distribution services and widen their global presence and customer base. Additionally, in November 2014, HOMER Energy LLC introduced HOMER Pro software, an upgraded version of their HOMER software, to set a global standard for microgrid design and analysis at the initial stage. Further, its analysis tool mainly focuses on hybrid microgrids that are combined with multiple storage and renewable energy resources.
Natural gas (NG) powered microgrid infrastructure will benefit from favorable government standards and policies that encourage the integration of sustainable and efficient power production sources. The corporate picture will be complemented by a paradigm shift toward renewable energy sources due to low carbon emissions and substantial incentives.
Leading Key Players:
The microgrid market is driven by several leading key players, each contributing to advancements in technology and implementation. Lockheed Martin Corporation and Honeywell International Inc. are notable for their innovative solutions in energy management and defense applications. ABB Ltd. and Siemens provide comprehensive grid automation and digital energy solutions. GE Digital Energy and S&C Electric Company focus on resilient and efficient energy distribution. Toshiba Corporation and Chevron Energy integrate energy storage and renewable energy systems. Viridity Energy Inc. and Power Analytics Corporation specialize in real-time energy optimization. ZBB Energy Corporation and Microgrid Energy LLC develop advanced energy storage and microgrid solutions, while HOMER Energy LLC offers robust microgrid design software. Consert Inc. facilitates demand response and energy management, enhancing the overall efficiency and reliability of microgrids.
Treading Reports --
https://www.fmiblog.com/2024/09/16/dataops-platform-market-in-depth-analysis-with-booming-trends-supporting-growth-and-forecast-2024-2034/
https://www.fmiblog.com/2024/09/16/parking-management-market-projected-growth-from-4-4-billion-in-2024-to-9-1-billion-by-2034/
https://www.fmiblog.com/2024/09/16/defense-electronic-market-in-depth-analysis-with-booming-trends-supporting-growth-and-forecast-2024-2034/
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microgrid Demand Gains Momentum with Grid Resilience in the Spotlight. Microgrid Market to Surge at a Significant CAGR of 12.3% through 2033 | Future Market Insights, Inc. here
News-ID: 3787299 • Views: …
More Releases from Future market Insights

Global Anesthesia Equipment Market to Reach USD 18.2 Billion by 2035
The Anesthesia Equipment Market is witnessing robust growth, with its value estimated at USD 9.3 billion in 2025 and projected to nearly double to USD 18.2 billion by 2035. This growth trajectory represents a compound annual growth rate of 7.0%, driven by increasing surgical volumes, rising prevalence of chronic respiratory and cardiovascular disorders, and ongoing expansion of healthcare infrastructure. The market is undergoing transformative change, as both established manufacturers and…

Intravascular Ultrasound Systems Market to Reach USD 1455.7 Million by 2035
The intravascular ultrasound (IVUS) systems market is on track to record consistent growth over the next decade. Valued at USD 893.7 million in 2025, the market is expected to expand to USD 1455.7 million by 2035, reflecting a compound annual growth rate of 5.0%. With cardiovascular disease remaining one of the leading causes of mortality globally, the demand for advanced intravascular imaging technologies is escalating. IVUS systems, which provide real-time…

Electric Power Sports Market to Reach USD 18.5 Billion by 2035
The global Electric Power Sports Market is on a fast track to transformation, as consumers, manufacturers, and policymakers align on one powerful goal: sustainable, high-performance recreational experiences. Valued at USD 10.3 billion in 2025, the market is projected to expand to USD 18.5 billion by 2035, reflecting a steady compound annual growth rate (CAGR) of 6.0%.
This momentum is set to generate an absolute dollar opportunity of USD 8.2 billion over…

Hair Straightener Market Forecast to Reach USD 12.4 Billion by 2035 as Innovatio …
The global hair straightener market is entering a transformative growth phase, as industry leaders and emerging brands alike innovate to meet rising consumer demand for advanced hair styling solutions. Valued at USD 7.1 billion in 2025, the market is projected to reach USD 12.4 billion by 2035, registering a compound annual growth rate (CAGR) of 5.7% over the forecast period.
Between 2025 and 2030, the market is set to rise steadily…
More Releases for Microgrid
Microgrid Technology Market Report- Trends, Segmentation, Market Growth | Genera …
The Microgrid Technology Market research report offers data regarding new recent developments, import/export analysis, value chain optimization, and trade regulations. In addition, other data like Microgrid Technology Market size, strategic market share, localized market players, analyses of opportunities in the emerging revenue pockets, strategic Microgrid Technology Market growth, product launches, geographical expansions, and technological innovations are also encompassed in Microgrid Technology Market report.
Get FREE PDF Sample of the Report @…
Microgrid Quick Quote Tool
May 18, 2021 | Scale Microgrid Solutions: We are excited to announce that we have developed a Microgrid Quick Quote tool that is now available for facilities located within the PG&E and SCE utility service areas.
We’ve always aimed to simplify microgrid projects, like with our Rapid Response Modular Microgrid (R2M2), which expedites the project development timeline and reduces costs by leveraging a modular, productized solution. Now, you can take the…
Microgrid Market
Microgrids are a managed network of linked charges and dispersed power sources that interact with the main power grid in a synchronised and synchronous way. These grids can also operate through off-grid and remote areas in disconnected mode, and work autonomously based on economic and physical conditions.
Microgrid market is expected to grow at a CAGR of 10.8% in the forecast period of 2020 to 2027. Data Bridge Market Research report…
Microgrid Market Opportunities and Challenges
The report "Microgrid Market by Connectivity (Grid Connected and Off-Grid Connected), Offering (Hardware and Software & Services), End-Use (Commercial & Industrial, Remote, Instituites & Campuses), Grid Type, Pattern, Region - Global Forecast to 2025", is projected to reach USD 47.4 billion by 2025 from USD 28.6 billion in 2020, at a CAGR of 10.6% between 2020 and 2025. Rising demand for clean energy, increasing instances of cyberattacks on energy infrastructures,…
Global Microgrid Market
The Microgrid market was valued at USD 25.5 billion in the year 2019. It is projected to grow at a CAGR of 10.9% over the period 2020 -2026.
The current situation of the COVID-19 pandemic has impacted the global Microgrid market in a negative way such that it is expected to experience a notable decline. Because of the imposition of lockdown in different countries, the demand for power has been declined…
Microgrid Control System Market
Microgrid Control System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/107776
UpMarketResearch offers a latest published report on “Global Microgrid Control System Market Analysis and Forecast 2019 - 2025” delivering key insights and providing a competitive…