Microgrid energy storage industry prospect analysis

How big is the microgrid market?

The microgrid market size exceeded USD 22.9 billion in 2024 and is estimated to grow at a CAGR of 19.2% from 2025 to 2034.

Why does Schneider Electric hold a major share in the microgrid market?

In the microgrid market, Schneider Electric holds a major share due to its significant investments in R&D to improve microgrid technologies, with a key focus on enhancing energy storage systems, smart grid technologies and the integration of various renewable energy sources.

What are isolated microgrids?

Isolated microgrids can be of any size depending on the power loads. In this sense, MGs are made up of an interconnected group of distributed energy resources (DER), including grouping battery energy storage systems (BESS) and loads.

What is a microgrid & how does it work?

Microgrids offer enhanced energy resilience and reliability by incorporating the local energy generation, storage, and distribution capabilities.

What is the market share of the Asia Pacific microgrid market?

The market share for the Asia Pacific microgrid market is expected to reach a whopping 34% in 2024. Earthquakes and typhoons disrupting the main grid has become increasingly more frequent which adds to the need for microgrids for improving energy resilience and reliability.

How much is the global microgrid market worth in 2024?

To ensure that you don't miss their response, kindly remember to check your spam folder as well! The global microgrid market was valued at USD 22.9 billion in 2024 and is set to register at a CAGR of 19.2% from 2025 to 2034, due to the rising demand for energy resilience, renewable adoption, and stricter environmental policies.