Microgrid Market Companies Analysis, Company Profiles, Strategic Developments, Mergers, Product Innovations, Revenue Insights, and Future Forecasts

Microgrid Market Size and Forecast 2025-2033

The microgrid market is expected to see significant growth: its value is expected to reach US$48.52 billion in 2025 and rise to US$163.17 billion by 2033, at a CAGR of 16.37% during the forecast period of 2025-2033. Several variables have been identified that will drive the growth of microgrids, especially in the countryside and places with limited access due to the increasing demand for independent and resilient power systems. Microgrids offer reliable, localized electricity generation and storage, reducing reliance on centralized grids and improving overall energy security.

A microgrid is a localized power system that can generate, store, and distribute electricity either independently or in conjunction with the main grid. It integrates a variety of energy sources like solar panels, wind turbines, diesel generators, and battery storage. Microgrids have been designed for operation in two modes: first, in grid-connected mode, whereby they operate together with the central grid; second, in islanded mode, where they supply power autonomously when outages or disruptions occur. This allows the microgrid to be extremely reliable, resilient, and efficient, especially in areas with high power instability. They optimize energy usage, reduce transmission losses, and facilitate the integration of renewable resources.

Increasing demand for energy reliability, growth driven by rising renewable energy adoption, and a quest for sustainable power solutions have created significant popularity for microgrids worldwide. Microgrids for commercial, industrial, and community applications are in rapid deployment in North America, Europe, and Asia. Microgrids also facilitate electrification programs in remote areas of developing countries where extending central grids is expensive. Global microgrid deployment has accelerated with the rise of policies favoring clean energy, advanced technologies for energy storage in batteries, and growing concern for climate resilience. Driven by industries and communities in search of dependable low-carbon power systems, microgrids continue to gain momentum in the global energy landscape as a transformative solution.

Top Manufacturers

ABB

Founded: 1988

Headquarters: Switzerland

ABB Ltd (ABB) is an international technology company in the fields of electrification and automation. Its product portfolio includes electrical products, drives, motors, generators, and automation. ABB is associated with several well-known brands in electrification and automation, providing solutions to industries such as oil and gas, automotive, and consumer electronics. The customers in various industries, such as industrial, buildings, transport, and utilities, use its products. ABB sells products through an extensive network of channel partners and distribution networks. The company serves its customers in multiple geographic locations: Europe, the Americas, and Asia, Middle East and Africa.

Siemens AG

Founded: 1847

Headquarters: Germany

Siemens AG is a technology company. Its operations span electrification, automation, and digitalization fields. The company designs, develops, and manufactures products and installs complex systems and projects. The company also provides a wide range of customized solutions to cater to individual requirements. Siemens focuses on power generation and distribution, and intelligent infrastructure for buildings and distributed energy systems. It offers smart mobility solutions for rail and road transport, medical technology, and digital healthcare services. Siemens has R&D facilities, production plants, warehouses, and sales offices all over the world. It serves customers in various industries such as energy, healthcare, infrastructure, process and manufacturing, among others.

General Electric

Founded: 1892

Headquarters: United States of America

General Electric Co (GE Aerospace) is a manufacturer of aerospace products and services. The company offers commercial engines, military engines, mobility and marine engines, jet engines, power systems, avionics, turboprop engines, aeroengine mechanical transmissions, turbines, combustors and controls, propeller systems, ignition systems, sensors and engine accessories. It offers different services, such as engine leasing, aircraft financing, maintenance, repair, overhauls of engines, and sale of spare parts. The company markets its products under Avio Aero, Unison, Dowty Propellers and Colibrium Additive brand names. It serves a wide range of customers, including airframers, airlines, governments, and militaries. It has business presence across the world.

Eaton Corporation

Founded: 1911

Headquarters: Ireland

Eaton Corporation plc (Eaton) is an intelligent power management company. The company mainly develops products for data centers, utilities, industrial, commercial, machine building, residential, aerospace, and mobility markets. Eaton's main products and services comprise electrical products, electrical systems and services, aerospace components, vehicle components, and eMobility solutions. Its product customers include major original equipment manufacturers in the aerospace, vehicle, and construction equipment sectors. Eaton has operational presence in countries such as the US, Canada, Latin America, Europe, and Asia Pacific.

Exelon Corp.

Founded: 2000

Headquarters: United States of America

Exelon Corp (Exelon) is a utility service holding company. Its operations include the distribution and transmission of electricity, and distribution of natural gas. It procures and retails electricity and natural gas; transmits and distributes electricity, and distributes natural gas to retail customers. The company operates through six fully regulated transmission and distribution utilities. It strives to provide affordable services, and enhance customer experience. Exelon offers a range of assistance services to its subsidiaries, including legal, human resources, financial, information technology, and supply management services. It serves customers in Delaware, New Castle County, Southern New Jersey, Baltimore, Philadelphia, Illinois, Maryland, New Jersey, Pennsylvania, and the District of Columbia.

Product Launches in the Microgrid Market

Honeywell International Inc.

Honeywell Automation India Ltd (HAIL) - NSE: HONAUT, BSE: 517174- has successfully executed and commissioned a microgrid, Battery Energy and Storage System in India for the Solar Energy Corporation of India's Lakshadweep Islands project. The Lakshadweep Islands project by SECI is India's first on-grid solar project to deploy BESS for handling variability in renewable power supply. Honeywell's BESS technologies are being integrated into the microgrid of the remote Kavaratti islands of Lakshadweep, supporting the strategic initiative of decarbonization of the islands' energy supply.

Schneider Electric SE

April 2024- Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced the launch of its latest Battery Energy Storage System BESS, designed and engineered to be part of a flexible and scalable architecture. BESS forms the basis of a fully integrated microgrid solution that is driven by Schneider Electric's controls, optimization, electrical distribution, and world-renowned digital and field services.

SWOT Analysis of the Company

Engie EPS SA

Strengths include advanced energy storage technologies, strong renewable integration capabilities, and support from a major global energy group.

The key strength of Engie EPS SA in the microgrid market is its advanced energy storage technologies, strong integration capability for renewables, and backing from a major global energy group. It leverages the parent company's long-standing industry experience, financial stability, and access to an extended global energy network. Engie EPS focuses on designing and developing hybrid microgrid solutions that combine solar, wind, and storage for the effective and efficient delivery of electricity to remote and off-grid areas. Its proprietary energy management systems allow real-time optimization of power flows, enabling better efficiency and grid resilience. Engie EPS is also noted for its scalable systems that could support industrial operations, islands, and rural electrification projects. With its strong emphasis on sustainability and decarbonization, it should be able to meet the growing demand for reliable, low-carbon microgrid solutions worldwide. Its technological innovation and worldwide reach provide a strong competitive advantage for Engie EPS.

Tesla, Inc.

Strengths: Innovative energy storage products, strong brand reputation, integrated clean energy ecosystem

Tesla, Inc. enjoys a strong competitive advantage within the microgrid market due to its advanced energy storage systems, robust brand reputation, and integrated clean energy ecosystem. Its various flagship offerings, like the Tesla Powerwall, Powerpack, and Megapack, are well-known for their high energy density, reliability, and ease of integration with solar power. Tesla's ability to integrate solar panels, storage, and intelligent energy management software enables the creation of fully autonomous and highly efficient microgrids. Global presence and its experience in deploying large-scale storage projects enhance its position. Strong innovation focus, built on significant R&D investments, enables Tesla to continuously upgrade its battery performance while reducing its cost and broadening microgrid applications. Its focus on sustainability and renewable energy adoption is in full harmony with the worldwide movement toward decentralized and resilient power systems. For this reason, Tesla remains one of the most active drivers in the expansion of clean and modern microgrids worldwide.

Recent Development in the Microgrid Market

Hitachi Energy Ltd

April 2025 Rajasthan Part I Power Transmission Limited, a subsidiary of Adani Energy Solutions Ltd. ("AESL"), has awarded a major contract to a consortium comprising Hitachi Energy and Bharat Heavy Electricals Limited (BHEL). The contract will see the consortium design and deliver high-voltage direct current terminals to transmit renewable energy from the Bhadla area of Rajasthan to the industrial and transport hub in Fatehpur, Uttar Pradesh. The 6 GW, 950 km-long HVDC link will power approximately 60 million households in India.

Toshiba Corporation

In March 2022, Toshiba introduced a GFM inverter capable of maintaining the grid frequency in distribution systems by providing pseudo-inertia with power output from the inverter when there is a rapid fluctuation in the grid frequency. Following this, Toshiba conducted verification of the effectiveness of GFM inverters in an environment close to real situations, including actual renewable energy utilization. As a result, Toshiba succeeded in showing the actual effect of mounting GFM inverters on photovoltaic power generators in suppressing grid frequency decline by about 30%.

Sustainability Goal

Ameresco Inc.

Ameresco Inc. incorporates sustainability into its microgrid strategy by focusing on the deployment of renewable energy, carbon reduction, and long-term energy resilience. The primary design goal for the company is to maximize clean energy sources like solar, battery storage, and biogas in microgrids to help customers reduce their dependence on fossil fuels and decrease greenhouse gas emissions. Ameresco is committed to developing carbon-neutral and net-zero energy projects across government, commercial, and industrial sectors. It advances sustainable resource use by incorporating high-efficiency technologies along with advanced energy management systems that optimize consumption and minimize waste. Besides, Ameresco supports community resilience through the delivery of microgrids, ensuring reliable power during grid outages, extreme weather, and emergencies. The company also invests in modernizing aging infrastructure with cleaner, more efficient systems. Through innovation, collaboration, and strong ESG commitments, Ameresco seeks to increase the adoption of environmentally responsible microgrids supporting global sustainability and clean-energy transitions.

Caterpillar Inc.

Caterpillar's commitment to sustainability in the microgrid market fits within its greater vision for reduced emissions, enhanced energy efficiency, and supporting low-carbon industrial operations. The corporation is dedicated to hybrid microgrid solution development, combining renewable energy sources-solar power, for example-with high-efficiency generators and advanced storage systems. With such solutions, Caterpillar aims to enable industry customers to minimize fuel consumption, decrease operational emissions, and make a transition toward cleaner power systems without compromising reliability. Its microgrid technologies set the highest standards with regard to durability, long service life, and optimized performance, which reduces environmental impact during the entire product life cycle. It also invests in research to enhance renewable energy integration, improve battery technology, and support hydrogen and alternative-fuel compatibility. By engaging in partnerships with its commercial, mining, and remote-community clients, it seeks the deployment of microgrids that improve energy resilience while shrinking carbon footprints. Sustainability-driven innovations by Caterpillar aim at redefining distributed energy systems for a more efficient low-emission global power infrastructure.

Market Segmentation

Microgrid Market

• Historical Trends
• Forecast Analysis

Market Share Analysis - Microgrid Market

ABB

Overview

• Company History and Mission
• Business Model and Operations

Workforce

Key Persons

• Executive Leadership
• Operational Management
• Division Leaders
• Board Composition

Recent Development & Strategies

• Mergers & Acquisitions
• Partnerships
• Investments

Sustainability Analysis

• Renewable Energy Adoption
• Energy-Efficient Infrastructure
• Use of Sustainable Packaging Materials
• Water Usage and Conservation Strategies
• Waste Management and Circular Economy Initiatives

Product Analysis

• Product Profile
• Quality Standards
• Product Pipeline
• Product Benchmarking

Strategic Assessment: SWOT Analysis

• Strengths
• Weaknesses
• Opportunities
• Threats

Revenue Analysis

The above information will be available for all the following companies:

1. ABB

2. Siemens AG

3. General Electric

4. Eaton Corporation

5. Exelon Corp.

6. Honeywell International Inc.

7. Schneider Electric SE

8. Hitachi Energy Ltd

9. Toshiba Corporation

10. Engie EPS SA

11. Tesla, Inc.

12. Ameresco Inc.

13. Caterpillar Inc.

14. Wartsila Corporation

15. S&C Electric Company

16. PowerSecure Inc.

17. Standard Microgrid Inc.

18. EnSync Inc.

19. Bloom Energy Corporation

20. AutoGrid Systems Inc.