North America Microgrid Market Size & Outlook, 2026-2033
- Energy & Power
- Power Distribution
- Microgrid Market Outlook
- Power Distribution
Global Market
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North America microgrid market highlights
- The North America microgrid market generated a revenue of USD 35,392.6 million in 2025.
- The market is expected to grow at a CAGR of 19.2% from 2026 to 2033.
- In terms of segment, chp was the largest revenue generating power source in 2025.
- CHP is the most lucrative power source segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2026 to 2033.
North America data book summary
| Market revenue in 2025 | USD 35,392.6 million |
| Market revenue in 2033 | USD 139,000.2 million |
| Growth rate | 19.2% (CAGR from 2026 to 2033) |
| Largest segment | Chp |
| Fastest growing segment | CHP |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CHP, Natural Gas, Solar PV, Diesel, Fuel Cell |
| Key market players worldwide | ABB Ltd, Siemens AG, GE Aerospace, Eaton Corp PLC, Exelon Corp, Honeywell International Inc, NRG Energy Inc, Spirit AeroSystems Holdings Inc Class A, Northland Power Inc, Viridien |
Other key industry trends
- In terms of revenue, North America region accounted for 35.5% of the global microgrid market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 102,622.7 million by 2033.
The economy of North America is highly diverse owing to the presence of leading countries such as the U.S. and Canada. The region is a key contributor to the global renewable energy market and had 1,586 TWh of renewable energy installed in 2022.
Efforts to meet rising electricity demand in the region using renewable energy sources are also expected to significantly contribute to the growth of microgrid market in North America from 2023 to 2030.
This, in turn, is anticipated to drive the growth of microgrid market in the region in the coming years. The manufacturing industry in North America is expected to benefit from the new policy reforms being carried out by governments of countries in the region in the form of incentives to encourage local manufacturing activities and promote import substitutions.
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Microgrid Market Scope
Microgrid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Eaton Corp PLC | View profile | 94,000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | www.eaton.com |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20,655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | www.spiritaero.com |
| NRG Energy Inc | View profile | 18,131 | 910 Louisiana Street, Houston, TX, United States, 77002 | www.nrg.com |
| Exelon Corp | View profile | 19,962 | 10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, United States, 60680-5379 | www.exeloncorp.com |
| Northland Power Inc | View profile | 1,344 | 30 Street Clair Avenue West, 17th Floor, Toronto, ON, Canada, M4V 3A1 | www.northlandpower.com |
| Viridien | View profile | 3,515 | 27 avenue Carnot, Massy, France, 91300 | www.cgg.com |
North America 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 Outlook will help companies and investors design strategic landscapes.
Chp was the largest segment with a revenue share of 44.19% in 2025.
Horizon Databook has segmented the North America microgrid market based on chp, natural gas, solar pv, diesel, fuel cell covering the revenue growth of each sub-segment from 2021 to 2033.
The economy of North America is highly diverse owing to the presence of leading countries such as the U.S. and Canada. The region is a key contributor to the global renewable energy market and had 1,586 TWh of renewable energy installed in 2022.
Efforts to meet rising electricity demand in the region using renewable energy sources are also expected to significantly contribute to the growth of microgrid market in North America from 2023 to 2030.
This, in turn, is anticipated to drive the growth of microgrid market in the region in the coming years. The manufacturing industry in North America is expected to benefit from the new policy reforms being carried out by governments of countries in the region in the form of incentives to encourage local manufacturing activities and promote import substitutions.
- North America Microgrid Market Power Source Outlook (Revenue, USD Million , 2021-2033)
- CHP
- Natural Gas
- Solar PV
- Diesel
- Fuel Cell
- Others
- North America Microgrid Market Product Outlook (Revenue, USD Million , 2021-2033)
- Remote
- Grid Connected
- Hybrid
- North America Microgrid Market Application Outlook (Revenue, USD Million , 2021-2033)
- Government
- Education
- Commercial
- Utility
- Defense
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Microgrid Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Microgrid Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
North America Microgrid Market, 2021-2033 (US$M)
North America Power Source - Microgrid Market Statistics, 2025 - 2033 (US$M)
