Request a Discount
Order Now
Order Now
Order Now
Visit MCG's Reports' Library
Request a Free Report Sample
Buy It Now
Buy It Now
Buy It Now
Report Snapshots
Microgrid Market - Opportunity & Forecast, 2027

Global Microgrid Market Size and Analysis By Type, By Component, By End User, By Consumption Pattern, By Region [North America, Europe, Asia Pacific, Middle East & Africa and Latin America], Forecast & Opportunities, 2020-2027

Market Overview

The global microgrid market is expected to reach over US$ 40 Bn by 2027 at a CAGR of 10% between 2019 and 2027.

The microgrid is an interconnected grid with control capability which can be disconnected from the traditional grid and can operate autonomously. It is a distribution system with distributed energy sources such as photovoltaics, microturbines, and fuel cells. The benefits of using Microgrid are minimization of overall energy consumption, improved energy efficiency, improvement of reliability of supply, low environmental impact, network operational benefits such as loss reduction, voltage control, congestion relief, and cost-efficient electricity infrastructure.

With the advancement in technology, the role of Microgrids is expanding. It is a promising solution for combatting climate change. As the Microgrid can be used in solar panels, wind farms its importance in clean energy production is evident. Technologies like the Internet of things enable automated energy management that can support multiple components. Microgrids with such technologies optimize price and increase the reliability thereby making it a sound investment. Microgrids have the potential to create sufficient electricity independently. For example, Ships installed with microgrids can generate a lot of energy and can be used for the coastal cities.

However, high-cost installation and maintenance are hindering the market from growth. As the microgrids consist of multiple combinations of energy storage, it has a high proliferation of distributed energy resources requires complex energy controls. There is still preferred over the conventional methods as most of the microgrids are diesel based. However, government policies and environmental benefits will drive the market to grow in the coming years.

Market segmentation

The Global grid market can be segmented based on type, end-users, component, and region.

By type, the global grid market can be divided into Grid-connected, Remote or off the grid. The remote grids market is growing significantly due to the increasing demand for decentralized power grids in the Islands.

By end-user, the global grid market can be categorized into Government utilities, Industrial, Healthcare and others. Government utility has the largest market share.

By component, the global grid market can be divided into Hardware and software. The software segment is likely to grow highest in the forecasted period of 2020-27.

 By consumption pattern, the global grid market can be divided into Urban, Semi-urban and rural.

By Region, the global grid market can be divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.      

Regional analysis

The regionally North American microgrid market is currently dominating the world. The early adoption of technology and increasing consumer acceptance of microgrids are the reasons for the growth.

In the USA, Over 2000 microgrids are installed and operating. The US microgrid market is growing as there is an increasing demand for decentralized microgrids. Microgrids are trending particularly in disaster-prone regions in the United States of America. The hurricane affected regions in the US have realized that Microgrids are an effective solution for their energy needs in crisis time. The consumer acceptance and low cost of electricity are the major drivers of growth in this region.

Asian- Pacific Microgrid market is expected to grow highest in the forecasted period of 2020-2027.  Increasing investments in India, Singapore, China will propel the growth of the microgrid market in the coming years. CleanGrid partners, a Singaporean consortium plans to invest over $60 million in microgrid as part of the Southeast Asia electrification plan. The Electrification plan developed by the Indian Government to focuses on the use of microgrid solutions to achieve power surplus. Southasian country Myanmar has successfully powered its villages through microgrids. More than 40% of the villages in Myanmar have a decentralized energy system.       

Rapid urbanization, Industrialisation and the rising need for electricity are the key factors of growth in this region. Participation from the private sector in terms of mobilizing investments can greatly induce the market in the right way.

Competitor analysis

The major players in the Microgrid market are ABB, Eaton, Exelon Corporation, S&C Electric, Honeywell, Homer Energy and Power Analytics, General Electric, Schneider Electric, Siemens.

USD 4,500.00 $

Quantitative IntelligenceTM  

Price: USD $2,500


For an Immidiate Free Consultation

Call Us: +91-98110 25630

For an Immidiate Free Consultation

Call Us: +91-98110 25630

For an Immidiate Free Consultation

Call Us: +91-98110 25630

Contact Us for Any Report's Topic which You are Looking For

Handpicked Topics 


Price: USD $4,500

Related Reports

Extra Facilities You will get by Partnering with Us


On demand customization of 

scope of the report to meet 

you exact needs


Targeted market view to provide 

partinent information and save 

time of readers


Lifetime Client Support from our 

Analyst to get you complete satisfaction 

Qualitative IntelligenceTM 

Price: USD $2,500

Clientele: Focused for those clients' who are looking for both the quantitative and qualitative analysis Oriented report of any market or business challenges. 


  • Detailed Executive Summary
  • Market Insights 
    • Value Chain analysis
    • Market drivers, challenges, opportunity analysis
    • Competitive analysis
    • Porters & PESTEL analysis
    • Pricing Analysis
  • Market Size & Forecast
    • By Region
    • By Product segments
  • Market Share
    • By Company (Competitors)

Clientele: Focused for those clients' who are looking for Data Oriented report of any market or business challenges. 


  • Detailed Executive Summary
  • Global Market Size & Forecast
    • By Value ($ Million)
    • By Volume (Units, Kg, etc.)
  • Regional Market & Forecast (North America, Europe, Asia Pacific, Middle East, Africa, Latin America)
    • By Respective Countries of those regions
  • Market Size & Forecast by product segments 
  • Market Share & Trends
    • By Company (Competitors)
    • By Regions
    • By Product Segments
  • Pricing Analysis
    • By Region

Clientele: Focused for those clients' who are looking for analysis Oriented report of any market or business challenges. 


  • Detailed Executive Summary
  • Market Drivers, Challenges, Oppertunity analysis 
  • Value chain analysis 
  • Pricing Analysis
  • Competitive Analysis
  • Market Potential Analysis
  • Cost Structure Analysis
  • Patent Analysis
  • Growth Potential Analysis
  • Porter's 5 Forces Analysis 
  • PESTEL analysis 
  • Other analysis as per the client requirement

MCG research team found that there is a gap occurring between client and market research companies to deliver the actionable insights and consulting reports. The expectations of clients are increasing due to the complex business dynamics. Clients expect actionable insights from market research companies, which can help them take quick informed business decisions. Insightful strategic reports delivered within stipulated timelines are becoming an increasing challenge for market research companies globally. To overcome those challenges, MCG came up with an unique report model, which is a smart and clever business strategic product offering to present any kind of critical business challenges and market insights with an interesting and actionable way. Depending on client's specific requirements and their expections, MCG generates three unique kind of Industry Reports

Our Hand Picked 

"Forecast Intelligence Report"

Qualitative IntelligenceTM 
              Price: $2,500   l
Quantitative IntelligenceTM 
              Price: $2,500  l
              Price: $4,500  l

Speak with an Analyst




Request us for the 

Table Of Content(ToC) / Queries

Why MCG's Report?

Product Offerings

Need a Discount? Get in touch with us for a special pricing?

We can give you a competitive pricing solution as per your research requirements!

Chat with Our Consultant before you make your Purchasing Decision

Chat With Us on WhatsApp