The North America microgrid market is anticipated to reach $15502.51 million by 2030, growing at an 11.07% CAGR during the estimated period, 2022-2030.

NORTH AMERICA MICROGRID MARKET FORECAST 2022-2030

North America Microgrid Market by Type (Grid Connected, Off-grid) Market by Offering (Hardware, Software, Services) Market by Consumption Pattern (Semi-urban, Urban/Metropolitan, Rural/Island) Market by End-user (Commercial & Industrial, Healthcare, Education, Military, Government & Utilities, Other End-users) By Geography

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The North America microgrid market is anticipated to reach $15502.51 million by 2030, growing at an 11.07% CAGR during the estimated period, 2022-2030.

In North America, the microgrid demand has witnessed considerable growth due to increasing power outages due to extreme weather events. The surge has prompted more employment of microgrids throughout the region. The regional market is witnessing growth owing to an increase in niche applications for remote communities and military bases to a grid modernization tool for public institutions, cities, utilities, and communities. Increased resilience of microgrids underpins many of the current-state level programs and bolsters their adoption in several North American states.

North America Microgrid Market

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The North America microgrid market growth estimations include the evaluation of United States and Canada. In the United States, the wave of recently announced projects and state-level resiliency plans enable further development and standardization of microgrid technologies for the upcoming generation of advanced, more renewable-heavy projects. The adoption of microgrids is anticipated to accelerate during the forecast period due to significant regulatory and legislative changes to utility franchise rights and rate structures.

Furthermore, flexible microgrid solutions are becoming an important part of renewable integration strategies in areas outside of high penetration states like Hawaii and California as solar PV adoption rates rise. In the wake of storms, natural disasters, and aging grid infrastructure, grid reliability has become an issue. In particular, during emergencies or interruptions in the grid’s service, microgrids supply dependable energy.

Furthermore, because fossil fuels, notably natural gas, are now more affordable, average home electricity rates in the United States have also decreased. Separately, solar community initiatives are beginning to gain traction. These programs will enable people who cannot or do not want to install solar panels on their rooftops to use harnessed solar power.

The North America microgrid market segmentation includes a study by end-user, type, consumption pattern, and offering. Market by end-user covers government & utilities, military, education, healthcare, commercial & industrial, and other end-users.

Commercial and industrial consumers are reconsidering their responsibilities as conventional power consumers. A microgrid enables a commercial & industrial client to transform into a quick-response network resource that may offer services to the electricity distribution and transmission network operators. A microgrid can offer new layers of value or cost savings to commercial and industrial buildings that already have solar panels installed. Building owners are quickly realizing.

Furthermore, hybrid electric structures are made to function even if a service is interrupted. The hybrid electric building has both on-site battery systems that can last six or more hours without utility service and on-site renewable energy. Additionally, they have predictive operating systems that may set priorities for building operations to keep running crucial processes in the event of a breakdown. A business’s ability to continue operating after a storm depends on its hybrid electric building.

Some of the leading companies in the North America microgrid market include Duke Energy Corporation, Exelon Corporation, etc.

Duke Energy Corporation is an electric power holding company. It comprises electric utilities and infrastructure, gas utilities and infrastructure, and commercial renewables that comprise its three business sectors. Electricity is produced, transmitted, distributed, and sold to municipalities, cooperative electric utilities, and other load-serving entities by the electric utilities and infrastructure business, which also offers retail electric service. Duke Energy is headquartered in North Carolina, United States.

Smart Meter is a digital technology from Duke Energy that tracks energy consumption, and two-way communication is used to send the data to Duke Energy. With the help of a smart meter, communication between the individual’s meter and the company is two-way, giving the customer more control over how much energy they use.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed End-User, Type, Consumption Pattern, and Offering
Countries Analyzed United States and Canada
Companies Analyzed

Bloom Energy, Cummins Inc, Duke Energy Corporation, Eaton Corporation Plc, Exelon Corporation, General Electric Company, Hitachi Ltd, National Grid Plc, Power Engineers Incorporated, S&C Electric, Siemens AG, Fuelcell Energy Inc, Schneider Electric SE, Fairbanks Morse, NRG Energy Inc

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASING CONSUMPTION OF ELECTRICITY
        • RISE IN CLEAN ENERGY INTEGRATION
        • MITIGATION OF SEVERE WEATHER USING MICROGRIDS
      • KEY RESTRAINTS
        • EXPENSIVE MAINTENANCE & INSTALLATION OF MICROGRIDS
        • REGULATORY FRAMEWORK HURDLES FOR MICROGRIDS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON MICROGRID MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
        • COST EFFICIENCY
        • PRODUCT FEATURES
        • END-USE
      • REGULATORY FRAMEWORK
    2. MARKET BY TYPE
      • GRID CONNECTED
      • OFF-GRID
    3. MARKET BY OFFERING
      • HARDWARE
        • POWER GENERATORS
        • CONTROLLERS
        • ENERGY STORAGE
      • SOFTWARE
      • SERVICES
    4. MARKET BY CONSUMPTION PATTERN
      • SEMI-URBAN
      • URBAN/METROPOLITAN
      • RURAL/ISLAND
    5. MARKET BY END-USER
      • COMMERCIAL & INDUSTRIAL
      • HEALTHCARE
      • EDUCATION
      • MILITARY
      • GOVERNMENT & UTILITIES
      • OTHER END-USERS
    6. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BLOOM ENERGY
        • CUMMINS INC
        • DUKE ENERGY CORPORATION
        • EATON CORPORATION PLC
        • EXELON CORPORATION
        • FAIRBANKS MORSE
        • FUELCELL ENERGY INC
        • GENERAL ELECTRIC COMPANY
        • HITACHI LTD
        • NATIONAL GRID PLC
        • NRG ENERGY INC
        • POWER ENGINEERS INCORPORATED
        • S&C ELECTRIC
        • SCHNEIDER ELECTRIC SE
        • SIEMENS AG

    LIST OF TABLES

    TABLE 1: NORTH AMERICA MARKET SNAPSHOT – MICROGRID

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: NORTH AMERICA MICROGRID MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: NORTH AMERICA MICROGRID MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 5: NORTH AMERICA MICROGRID MARKET, BY OFFERING, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: NORTH AMERICA MICROGRID MARKET, BY OFFERING, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 7: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 9: NORTH AMERICA MICROGRID MARKET, BY CONSUMPTION PATTERN, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: NORTH AMERICA MICROGRID MARKET, BY CONSUMPTION PATTERN, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 11: NORTH AMERICA MICROGRID MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: NORTH AMERICA MICROGRID MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 13: NORTH AMERICA MICROGRID MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 14: NORTH AMERICA MICROGRID MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 15: LEADING PLAYERS OPERATING IN NORTH AMERICA MICROGRID MARKET

    TABLE 16: LIST OF MERGERS & ACQUISITIONS

    TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES          

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, 2018-2020

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: VALUE CHAIN ANALYSIS

    FIGURE 7: KEY BUYING CRITERIA

    FIGURE 8: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 9: NORTH AMERICA MICROGRID MARKET, BY GRID CONNECTED, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA MICROGRID MARKET, BY OFF-GRID, 2022-2030 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY OFFERING, IN 2021

    FIGURE 12: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021

    FIGURE 14: NORTH AMERICA MICROGRID MARKET, BY POWER GENERATORS, 2022-2030 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA MICROGRID MARKET, BY CONTROLLERS, 2022-2030 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2030 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA MICROGRID MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA MICROGRID MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY CONSUMPTION PATTERN, IN 2021

    FIGURE 20: NORTH AMERICA MICROGRID MARKET, BY SEMI-URBAN, 2022-2030 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA MICROGRID MARKET, BY URBAN/METROPOLITAN, 2022-2030 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA MICROGRID MARKET, BY RURAL/ISLAND, 2022-2030 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA MICROGRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 24: NORTH AMERICA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2030 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA MICROGRID MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA MICROGRID MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA MICROGRID MARKET, BY MILITARY, 2022-2030 (IN $ MILLION)

    FIGURE 28: NORTH AMERICA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2030 (IN $ MILLION)

    FIGURE 29: NORTH AMERICA MICROGRID MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 30: NORTH AMERICA MICROGRID MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 31: UNITED STATES MICROGRID MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: CANADA MICROGRID MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY TYPE
      • GRID CONNECTED
      • OFF-GRID
    2. MARKET BY OFFERING
      • HARDWARE
        • POWER GENERATORS
        • CONTROLLERS
        • ENERGY STORAGE
      • SOFTWARE
      • SERVICES
    3. MARKET BY CONSUMPTION PATTERN
      • SEMI-URBAN
      • URBAN/METROPOLITAN
      • RURAL/ISLAND
    4. MARKET BY END-USER
      • COMMERCIAL & INDUSTRIAL
      • HEALTHCARE
      • EDUCATION
      • MILITARY
      • GOVERNMENT & UTILITIES
      • OTHER END-USERS

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