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DC Microgrid Market Trends

  • Report ID: GMI9760
  • Published Date: Jun 2024
  • Report Format: PDF

DC Microgrid Market Trends

Growing shift towards renewable energy in line with pressing need to reduce greenhouse gas emissions and combat climate change will complement the industry growth. Rising governments promotion to improve the use of clean energy and microgrids through favorable policies, subsidies, and incentives is contributing to product penetration. Furthermore, increasing electrification in developing regions is stimulating the product demand to offer a scalable and cost-effective way to deliver power to remote and underserved communities, enhancing their economic development and quality of life.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of DC microgrid was crossed USD 6 billion in 2023 and is anticipated to grow at 20.3% CAGR from 2024 to 2032 owing to the rising demand for reliable and resilient power supply.

The grid connected segment in the DC microgrid market will register USD 24 billion by 2032 on an account of their seamless integration, allowing easier deployment and operation within established electrical systems.

Asia Pacific DC microgrid market size is anticipated to exceed USD 18 billion by 2032, attributed to rapid urbanization and industrialization.

AEG International, ARDA Power, ABB, Eaton Corporation, Enel X, EnSync Energy Systems, Hitachi Energy, PowerSecure, Inc., Schneider Electric SE, SolarWorX, Sumitomo Electric Industries, Ltd, and Schaltbau Group

DC Microgrid Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 20
  • Countries covered: 18
  • Pages: 90
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