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AC Microgrid Market Share

Report ID: GMI8463
Published Date: Mar 2024
Report Format: PDF

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AC Microgrid Market Share

Key market players are forming strategic partnerships and collaborations with local governments, utilities, and community organizations to enable access to new markets and funding opportunities. Companies are also investing in research and development to enhance system efficiency, reliability, and cost-effectiveness. Additionally, initiatives to raise awareness about the benefits of the market and tailored marketing campaigns are being employed to attract a wider customer base and improve market presence.

AC Microgrid Market Companies

Eminent players operating in the AC microgrid industry are:

Advanced Microgrid Solutions
Caterpillar Inc.
Delta Electronics, Inc.
Eaton Corporation
Enel X
EnSync Energy Systems
General Electric Company
Gridscape
HOMER Energy
Kohler Power
PowerSecure, Inc.
S&C Electric Company
Schneider Electric SE
Siemens AG
Tata Power

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of AC microgrid was reached USD 9.2 billion in 2023 and is anticipated to record 20.4% CAGR through 2032, driven by localized electrical networks that operate independently or in conjunction with the main power grid.

Lithium-ion segment is set to register a CAGR of over 21.5 % through 2032, on account of its high energy density, long cycle life, and rapid response capabilities.

Asia Pacific AC microgrid market is anticipated to exceed USD 28 billion by 2032, backed by rapid urbanization & industrialization, coupled with expanding population across remote and rural areas.

Advanced Microgrid Solutions, Caterpillar Inc., Delta Electronics, Inc., Eaton Corporation, Enel X, EnSync Energy Systems, General Electric Company, Gridscape, HOMER Energy, Kohler Power, PowerSecure, Inc., S&C Electric Company, Schneider Electric SE, Siemens AG, and Tata Power.