Global Microgrid Market Size & Outlook, 2023-2030

The microgrid industry worldwide is expected to reach a projected revenue of US$ 224,344.3 million by 2030. A compound annual growth rate of 16.5% is expected of the worldwide microgrid industry from 2024 to 2030.
Revenue, 2023 (US$M)
$76,878.4
Forecast, 2030 (US$M)
$224,344.3
CAGR, 2024 - 2030
16.5%
Report Coverage
Worldwide

Global microgrid market highlights

  • The global microgrid market generated a revenue of USD 76,878.4 million in 2023 and is expected to reach USD 224,344.3 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 16.5% by 2030.
  • In terms of segment, chp accounted for a revenue of USD 28,559.3 million in 2023.
  • CHP is the most lucrative power source segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 76,878.4 million
Market revenue in 2030USD 224,344.3 million
Growth rate16.5% (CAGR from 2023 to 2030)
Largest segmentChp
Fastest growing segmentCHP
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCHP, Natural Gas, Solar PV, Diesel, Fuel Cell

Other key industry trends

  • In terms of revenue, the North America accounted for 35.8% of the global microgrid market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Japan is the fastest growing regional market and is projected to reach USD 6,509.6 million by 2030.

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Microgrid Market Scope

Microgrid market segmentation & scope
CHP
Natural Gas
Solar PV
Diesel
Fuel Cell
Others
Remote
Grid Connected
Hybrid
Government
Education
Commercial
Utility
Defense
Others

Microgrid Market Companies

Name Profile # Employees HQ Website

Global microgrid market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microgrid market will help companies and investors design strategic landscapes.


Chp was the largest segment with a revenue share of 37.15% in 2023. Horizon Databook has segmented the Global microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Microgrid Power Source Outlook (Revenue, USD Million, 2018-2030)
    • CHP
    • Natural Gas
    • Solar PV
    • Diesel
    • Fuel Cell
    • Others
  • Global Microgrid Product Outlook (Revenue, USD Million, 2018-2030)
    • Remote
    • Grid Connected
    • Hybrid
  • Global Microgrid Application Outlook (Revenue, USD Million, 2018-2030)
    • Government
    • Education
    • Commercial
    • Utility
    • Defense
    • Others

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Target buyers of Global microgrid market databook

  • Our clientele includes a mix of microgrid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global microgrid market , including forecasts for subscribers. This global databook contains high-level insights into Global microgrid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global microgrid market size, by regions, 2018-2030 (US$M)

Top 10 countries: Microgrid market size, 2023 (US$M)

Global microgrid market share, by power source, 2023 & 2030 (%, US$M)

Microgrid market: Opportunity assessment by country

Global microgrid market, by region, 2023 (US$M)

Global microgrid market size, by regions, 2018-2030 (US$M)

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