Microgrid Market Growth to USD 81.45 Billion by 2030, Driven by Leaders like Honeywell and Mitsubishi
Microgrid Market Expected to Reach Nearly USD 81.45 Billion by 2030 The global microgrid market is poised for significant growth, reaching an estimated USD 81.45 billion by 2030. This translates to a compound annual growth rate (CAGR) of 14.67% from 2024, according to a new report by Maximize Market Research. Request for free sample: Market Overview Rising demand for energy security and reliability, particularly in remote areas and regions prone to power outages, is driving the microgrid market. Additionally, increasing focus on environmental sustainability and integration of renewable energy sources are fueling market expansion. Market Scope Maximize Market Research utilizes a comprehensive approach to estimate market size and segmentation. This includes top-down and bottom-up methodologies, with market estimates based on the sale price of microgrid components and services. Market Segmentation The microgrid market is segmented by type (grid-connected, remote/island), offering (hard