A grid-connected microgrid is a localized and decentralized power system that is connected to the main electrical grid. It consists of multiple distributed energy resources (DERs) such as solar panels, wind turbines, battery storage systems, and backup generators. Unlike traditional centralized power systems, a microgrid operates independently or in conjunction with the main grid, allowing it to function as a standalone entity when disconnected from the main grid during a power outage or intentionally during peak demand periods.
The main purpose of a grid-connected microgrid is to optimize the generation, distribution, and consumption of electricity by integrating renewable energy sources, managing energy storage, and utilizing advanced control systems. It allows for the efficient utilization of distributed energy resources and enables a more resilient, flexible, and sustainable energy infrastructure.
In a grid-connected microgrid, power exchange occurs between the microgrid and the main grid. During periods of excess electricity generation, the microgrid can export surplus power to the main grid. Conversely, when the microgrid requires additional power, it can import electricity from the main grid. This two-way power flow enables the microgrid to balance energy supply and demand efficiently.
The global Grid-connected Microgrid market was valued at US$ 15280 million in 2023 and is anticipated to reach US$ 37540 million by 2030, witnessing a CAGR of 13.9% during the forecast period 2024-2030.
The global grid-connected microgrid market is experiencing significant growth as a result of increasing demand for reliable and sustainable power solutions. Factors such as the growing deployment of renewable energy sources, advancements in energy storage technologies, and the need for grid resilience are driving the market expansion.
The grid-connected microgrid market is segmented based on several factors, including technology, application, end-user, and region. Key technologies involved in grid-connected microgrids include advanced controls, energy management systems, energy storage systems, and renewable energy sources integration.
In terms of applications, the market is segmented into commercial and industrial, military, utility, and others. Commercial and industrial sectors dominate the market, driven by the need for grid resilience, cost savings through energy optimization, and the ability to integrate renewable energy sources.
The end-users of grid-connected microgrids include industries such as manufacturing, healthcare, data centers, educational institutions, military bases, and remote communities.
Geographically, North America holds a significant share in the grid-connected microgrid market due to favorable government initiatives, increased renewable energy integration, and the presence of key market players. Europe is also a prominent market for grid-connected microgrids, driven by the European Union’s renewable energy targets and the region’s focus on sustainable energy solutions.
Asia-Pacific is expected to witness substantial growth in the grid-connected microgrid market, primarily due to the increasing demand for electricity, rapid industrialization, and the adoption of clean energy technologies in countries such as China, India, and Japan.
This report aims to provide a comprehensive presentation of the global market for Grid-connected Microgrid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Grid-connected Microgrid.
Report Scope
The Grid-connected Microgrid market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Grid-connected Microgrid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Grid-connected Microgrid companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation
Advanced Microgrid Solutions (AMS)
EnSync Energy Systems
Enel X
Ameresco
NRG Energy
Duke Energy
Black & Veatch
Segment by Type
AC Microgrid
DC Microgrid
Hybrid Microgrid
Segment by Application
Business & Industry
Government Organizations
Public Utilities
Utilities
Military
Healthcare
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Grid-connected Microgrid companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Grid-connected Microgrid Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 AC Microgrid
1.2.3 DC Microgrid
1.2.4 Hybrid Microgrid
1.3 Market by Application
1.3.1 Global Grid-connected Microgrid Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Business & Industry
1.3.3 Government Organizations
1.3.4 Public Utilities
1.3.5 Utilities
1.3.6 Military
1.3.7 Healthcare
1.3.8 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Grid-connected Microgrid Market Perspective (2019-2030)
2.2 Grid-connected Microgrid Growth Trends by Region
2.2.1 Global Grid-connected Microgrid Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Grid-connected Microgrid Historic Market Size by Region (2019-2024)
2.2.3 Grid-connected Microgrid Forecasted Market Size by Region (2025-2030)
2.3 Grid-connected Microgrid Market Dynamics
2.3.1 Grid-connected Microgrid Industry Trends
2.3.2 Grid-connected Microgrid Market Drivers
2.3.3 Grid-connected Microgrid Market Challenges
2.3.4 Grid-connected Microgrid Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Grid-connected Microgrid Players by Revenue
3.1.1 Global Top Grid-connected Microgrid Players by Revenue (2019-2024)
3.1.2 Global Grid-connected Microgrid Revenue Market Share by Players (2019-2024)
3.2 Global Grid-connected Microgrid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Grid-connected Microgrid Revenue
3.4 Global Grid-connected Microgrid Market Concentration Ratio
3.4.1 Global Grid-connected Microgrid Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Grid-connected Microgrid Revenue in 2023
3.5 Grid-connected Microgrid Key Players Head office and Area Served
3.6 Key Players Grid-connected Microgrid Product Solution and Service
3.7 Date of Enter into Grid-connected Microgrid Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Grid-connected Microgrid Breakdown Data by Type
4.1 Global Grid-connected Microgrid Historic Market Size by Type (2019-2024)
4.2 Global Grid-connected Microgrid Forecasted Market Size by Type (2025-2030)
5 Grid-connected Microgrid Breakdown Data by Application
5.1 Global Grid-connected Microgrid Historic Market Size by Application (2019-2024)
5.2 Global Grid-connected Microgrid Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Grid-connected Microgrid Market Size (2019-2030)
6.2 North America Grid-connected Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Grid-connected Microgrid Market Size by Country (2019-2024)
6.4 North America Grid-connected Microgrid Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Grid-connected Microgrid Market Size (2019-2030)
7.2 Europe Grid-connected Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Grid-connected Microgrid Market Size by Country (2019-2024)
7.4 Europe Grid-connected Microgrid Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Grid-connected Microgrid Market Size (2019-2030)
8.2 Asia-Pacific Grid-connected Microgrid Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Grid-connected Microgrid Market Size by Region (2019-2024)
8.4 Asia-Pacific Grid-connected Microgrid Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Grid-connected Microgrid Market Size (2019-2030)
9.2 Latin America Grid-connected Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Grid-connected Microgrid Market Size by Country (2019-2024)
9.4 Latin America Grid-connected Microgrid Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Grid-connected Microgrid Market Size (2019-2030)
10.2 Middle East & Africa Grid-connected Microgrid Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Grid-connected Microgrid Market Size by Country (2019-2024)
10.4 Middle East & Africa Grid-connected Microgrid Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Grid-connected Microgrid Introduction
11.1.4 ABB Revenue in Grid-connected Microgrid Business (2019-2024)
11.1.5 ABB Recent Development
11.2 General Electric Company
11.2.1 General Electric Company Company Detail
11.2.2 General Electric Company Business Overview
11.2.3 General Electric Company Grid-connected Microgrid Introduction
11.2.4 General Electric Company Revenue in Grid-connected Microgrid Business (2019-2024)
11.2.5 General Electric Company Recent Development
11.3 Siemens AG
11.3.1 Siemens AG Company Detail
11.3.2 Siemens AG Business Overview
11.3.3 Siemens AG Grid-connected Microgrid Introduction
11.3.4 Siemens AG Revenue in Grid-connected Microgrid Business (2019-2024)
11.3.5 Siemens AG Recent Development
11.4 Eaton Corporation
11.4.1 Eaton Corporation Company Detail
11.4.2 Eaton Corporation Business Overview
11.4.3 Eaton Corporation Grid-connected Microgrid Introduction
11.4.4 Eaton Corporation Revenue in Grid-connected Microgrid Business (2019-2024)
11.4.5 Eaton Corporation Recent Development
11.5 Schneider Electric
11.5.1 Schneider Electric Company Detail
11.5.2 Schneider Electric Business Overview
11.5.3 Schneider Electric Grid-connected Microgrid Introduction
11.5.4 Schneider Electric Revenue in Grid-connected Microgrid Business (2019-2024)
11.5.5 Schneider Electric Recent Development
11.6 Honeywell International
11.6.1 Honeywell International Company Detail
11.6.2 Honeywell International Business Overview
11.6.3 Honeywell International Grid-connected Microgrid Introduction
11.6.4 Honeywell International Revenue in Grid-connected Microgrid Business (2019-2024)
11.6.5 Honeywell International Recent Development
11.7 HOMER Energy LLC
11.7.1 HOMER Energy LLC Company Detail
11.7.2 HOMER Energy LLC Business Overview
11.7.3 HOMER Energy LLC Grid-connected Microgrid Introduction
11.7.4 HOMER Energy LLC Revenue in Grid-connected Microgrid Business (2019-2024)
11.7.5 HOMER Energy LLC Recent Development
11.8 Power Analytics Corporation
11.8.1 Power Analytics Corporation Company Detail
11.8.2 Power Analytics Corporation Business Overview
11.8.3 Power Analytics Corporation Grid-connected Microgrid Introduction
11.8.4 Power Analytics Corporation Revenue in Grid-connected Microgrid Business (2019-2024)
11.8.5 Power Analytics Corporation Recent Development
11.9 Advanced Microgrid Solutions (AMS)
11.9.1 Advanced Microgrid Solutions (AMS) Company Detail
11.9.2 Advanced Microgrid Solutions (AMS) Business Overview
11.9.3 Advanced Microgrid Solutions (AMS) Grid-connected Microgrid Introduction
11.9.4 Advanced Microgrid Solutions (AMS) Revenue in Grid-connected Microgrid Business (2019-2024)
11.9.5 Advanced Microgrid Solutions (AMS) Recent Development
11.10 EnSync Energy Systems
11.10.1 EnSync Energy Systems Company Detail
11.10.2 EnSync Energy Systems Business Overview
11.10.3 EnSync Energy Systems Grid-connected Microgrid Introduction
11.10.4 EnSync Energy Systems Revenue in Grid-connected Microgrid Business (2019-2024)
11.10.5 EnSync Energy Systems Recent Development
11.11 Enel X
11.11.1 Enel X Company Detail
11.11.2 Enel X Business Overview
11.11.3 Enel X Grid-connected Microgrid Introduction
11.11.4 Enel X Revenue in Grid-connected Microgrid Business (2019-2024)
11.11.5 Enel X Recent Development
11.12 Ameresco
11.12.1 Ameresco Company Detail
11.12.2 Ameresco Business Overview
11.12.3 Ameresco Grid-connected Microgrid Introduction
11.12.4 Ameresco Revenue in Grid-connected Microgrid Business (2019-2024)
11.12.5 Ameresco Recent Development
11.13 NRG Energy
11.13.1 NRG Energy Company Detail
11.13.2 NRG Energy Business Overview
11.13.3 NRG Energy Grid-connected Microgrid Introduction
11.13.4 NRG Energy Revenue in Grid-connected Microgrid Business (2019-2024)
11.13.5 NRG Energy Recent Development
11.14 Duke Energy
11.14.1 Duke Energy Company Detail
11.14.2 Duke Energy Business Overview
11.14.3 Duke Energy Grid-connected Microgrid Introduction
11.14.4 Duke Energy Revenue in Grid-connected Microgrid Business (2019-2024)
11.14.5 Duke Energy Recent Development
11.15 Black & Veatch
11.15.1 Black & Veatch Company Detail
11.15.2 Black & Veatch Business Overview
11.15.3 Black & Veatch Grid-connected Microgrid Introduction
11.15.4 Black & Veatch Revenue in Grid-connected Microgrid Business (2019-2024)
11.15.5 Black & Veatch Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
ABB
General Electric Company
Siemens AG
Eaton Corporation
Schneider Electric
Honeywell International
HOMER Energy LLC
Power Analytics Corporation
Advanced Microgrid Solutions (AMS)
EnSync Energy Systems
Enel X
Ameresco
NRG Energy
Duke Energy
Black & Veatch
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*If Applicable.