1. What are the U.S. microgrid market statistics?

The market size was valued at USD 24.71 billion in 2024 and is projected to grow to USD 106.96 billion by 2034.

2. What is the growth rate of the U.S. microgrid market value?

The market is projected to register a CAGR of 15.8% during the forecast period.

3. Who are the key players in the market?

A few of the key players in the market are ABB, Eaton Corp., Exelon, General Electric, Honeywell International, Northern Power, NRG International, Pareto Energy, Siemens AG, and Spirae.

4. Which segment, by power sources, dominated the U.S. microgrid market revenue share in 2024?

The CHP segment dominated the market share in 2024.

5. Which segment, by product, is expected to witness the fastest growth during the forecast period?

The connected grid segment is expected to witness the fastest growth during the forecast period.

U.S. Microgrid Market Trends, Growth Opportunity, 2025-2034

REPORT DETAILS

Report Code: PM6143

No. of Pages: 129

Format: PDF

Published Date: August 2025

Base Year: 2024

Historical Data: 2020 - 2023

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Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. U.S. Microgrid Market Insights
4.1. U.S. Microgrid Market – Market Snapshot
4.2. U.S. Microgrid Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Supportive Government Policies and Incentives
4.2.1.2. Integration of Renewable Energy Sources
4.2.2. Restraints and Challenges
4.2.2.1. High Initial Investment
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. U.S. Microgrid Market Trends
4.6. Value Chain Analysis
5. U.S. Microgrid Market, by Power Source
5.1. Key Findings
5.2. Introduction
5.2.1. U.S. Microgrid Market, by Power Source, 2020-2034 (USD billion)
5.3. Natural Gas
5.3.1. U.S. Microgrid Market, by Natural Gas, 2020-2034 (USD billion)
5.4. CHP
5.4.1. U.S. Microgrid Market, by CHP, 2020-2034 (USD billion)
5.5. Solar PV
5.5.1. U.S. Microgrid Market, by Solar PV, 2020-2034 (USD billion)
5.6. Diesel
5.6.1. U.S. Microgrid Market, by Diesel, 2020-2034 (USD billion)
5.7. Fuel Cell
5.7.1. U.S. Microgrid Market, by Fuel Cell, 2020-2034 (USD billion)
5.8. Others
5.8.1. U.S. Microgrid Market, by Others, 2020-2034 (USD billion)
6. U.S. Microgrid Market, by Product
6.1. Key Findings
6.2. Introduction
6.2.1. U.S. Microgrid Market, by Product, 2020-2034 (USD billion)
6.3. Remote
6.3.1. U.S. Microgrid Market, by Remote 2020-2034 (USD billion)
6.4. Grid Connected
6.4.1. U.S. Microgrid Market, by Grid Connected, 2020-2034 (USD billion)
6.5. Hybrid
6.5.1. U.S. Microgrid Market, by Hybrid, 2020-2034 (USD billion)
7. U.S. Microgrid Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. U.S. Microgrid Market, by Application, 2020-2034 (USD billion)
7.3. Government
7.3.1. U.S. Microgrid Market, by Government, 2020-2034 (USD billion)
7.4. Education
7.4.1. U.S. Microgrid Market, by Education, 2020-2034 (USD billion)
7.5. Commercial
7.5.1. U.S. Microgrid Market, by Commercial, 2020-2034 (USD billion)
7.6. Utility
7.6.1. U.S. Microgrid Market, by Utility, 2020-2034 (USD billion)
7.7. Defense
7.7.1. U.S. Microgrid Market, by Defense, 2020-2034 (USD billion)
7.8. Others
7.8.1. U.S. Microgrid Market, by Others, 2020-2034 (USD billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. ABB
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Eaton Corp.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Exelon
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. General Electric
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Honeywell International
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Northern Power
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. NRG International
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Pareto Energy
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Siemens AG
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Spirae
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development

List of Tables:

Table 1 U.S. Microgrid Market, by Power Source, 2020-2034 (USD billion)
Table 2 U.S. Microgrid Market, by Product, 2020-2034 (USD billion)
Table 3 U.S. Microgrid Market, by Application, 2020-2034 (USD billion)

List of Figures:

Figure 1. U.S. Microgrid Market, 2020-2034 (USD billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Porter’s Five Forces
Figure 5. Market by Power Source
Figure 6. U.S. Microgrid Market, by Power Source, 2024 & 2034 (USD billion)
Figure 7. Market by Product
Figure 8. U.S. Microgrid Market, by Product, 2024 & 2034 (USD billion)
Figure 9. Market by Application
Figure 10. U.S. Microgrid Market, by Application, 2024 & 2034 (USD billion)
Figure 11. Strategic Analysis – U.S. Microgrid Market

U.S. Microgrid Market Trends, Growth Opportunity, 2025-2034

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