Asia Pacific DC Microgrid Market Size - By Connectivity (Grid Connected, Off Grid), By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP), By Storage Device, By Application, By County Analysis & Forecast, 2024 – 2032

Asia Pacific DC Microgrid Market Size

Asia Pacific DC Microgrid Market was valued at USD 1.9 billion in 2023 and is estimated to grow at a CAGR of 27.6% from 2024-2032. It is a localized energy system that operates on direct current power to efficiently manage and distribute electricity from renewable sources, energy storage, and DC-powered loads within a specific area. It enables seamless integration of renewable energy technologies, such as solar panels and wind turbines, and supports the direct use and storage of energy without the need for conversion to alternating current.
 

Increasing investment in renewable energy sources is boosting product demand to facilitate efficient integration of these sources directly without the need for conversion to AC. Rising investments in developing modern systems to efficiently store and utilize energy from intermittent renewable sources, ensuring a stable and reliable power supply is set to influence product adoption.
 

Rising adoption of cost-effective solutions that require less complex infrastructure and maintenance, especially in remote or off grid locations are augmenting product penetration. DC connectivity minimizes energy losses associated with AC-DC conversion and transmission over long distances. Moreover, this efficiency is particularly beneficial in regions with high energy demand or where energy infrastructure is underdeveloped, leading to drive business statistics.
 

Asia Pacific DC Microgrid Market Trends

Increasing demand for DC systems from remote and rural areas where extending traditional AC grids is impractical or too costly will foster the industry landscape. Rising adoption of solutions that can align with regional and national sustainability goals by supporting the transition to clean energy sources and reducing greenhouse gas emissions are fostering the product growth. Furthermore, their seamless integration with smart grid technologies, including advanced metering, demand response, and energy management systems will enhance the overall functionality and efficiency of the energy system, stimulating the business growth.
 

Asia Pacific DC Microgrid Market Analysis

Based on connectivity, the grid connected segment is anticipated to cross more than USD 12.6 billion by 2032, owing to their seamless integration, providing a reliable backup during outages or fluctuations. They also help stabilize the grid during peak demand or emergencies by offering localized support and balancing supply and demand effectively.
 

Rising demand for cost-savings connectivity that can participate in energy arbitrage by storing and selling excess energy back to the central grid during peak pricing periods is complementing grid tied adoption. Increasing adoption of solutions with reduced infrastructure cost coupled with flexibility and scalability, making them suitable for evolving urban and industrial environments where energy demands are increasing will strengthen business outlook.
 

The flow battery segment of Asia Pacific DC microgrid market is set to grow at a CAGR of over 29% through 2032, on account of their rapid response capability makes them ideal for stabilizing DC microgrids, especially during sudden fluctuations in energy supply or demand. Rising demand for storage devices with high durability, longevity and minimal maintenance due to mechanical simplicity is set to complement product penetration. Furthermore, growing demand for highly efficient energy storage devices, with minimal energy losses during storage and discharge, will enhance the overall microgrid performance additionally driving the industry growth.
 

China DC microgrid market is projected to surpass USD 8.5 billion by 2032. Rapid expansion of renewable energy sources coupled with escalating energy demands in its growing cities will boost the product demand as a scalable solution to manage and distribute energy within the urban environments. Presence of key market players and active investments in developing advanced energy technologies is set to bolster the industry growth. Furthermore, increasing government support including the country’s 14th Five-Year Plan to boost clean energy and advance grid technologies coupled with rising energy security concerns due to its large and diverse geographic landscape will stimulate the product growth.
 

In the U.S., rising demand for solutions that can provide reliable power during outages and disruptions, particularly in areas prone to natural disasters or with aging infrastructure is set to augment the product penetration. Growing adoption of cost-effective solutions for managing energy in commercial, industrial, and residential applications coupled with rising federal and state policies promote the adoption of clean energy technologies and advance grid solutions will foster the industry growth.
 

Asia Pacific DC Microgrid Market Share

Key market players are forming partnerships with local utilities, energy providers, and governments can accelerate market entry and expansion.  Companies are teaming up with local technology firms for joint research and development (R&D) initiatives to drive innovation in DC microgrid components such as energy storage, power electronics, and control systems. Key players are also focusing on developing cost-effective, decentralized DC microgrid solutions tailored for off grid communities. By offering modular, easy-to-install microgrids, key players can address the demand for reliable electricity in these regions.
 

Asia Pacific DC Microgrid Market Companies

Eminent players operating in the Asia Pacific DC Microgrid industry are:

• AEG International
• ABB
• Eaton Corporation
• Enel X
• Hitachi Energy
• PowerSecure
• Sumitomo Electric Industries
• Schneider Electric
• State Grid Corporation of China
• SolarWorX
• Schaltbau Group
• Weidmuller
   

Asia Pacific DC Microgrid Industry News

• In May 2024, State Grid Qihe Power Supply Company launched Shandong Province’s first village level digital DC microgrid. This innovative grid transforms the existing distribution system into a 750-volt DC network by integrating four key electric usage scenarios: distributed photovoltaic systems, energy storage solutions, V2G charging stations, and DC-powered loads. This development marks a significant advancement in energy infrastructure, demonstrating a step towards more efficient and sustainable energy solutions at the community level.
   
• In September 2021, The Blue Economy CRC initiated a pilot project to develop and operate an offshore DC hydrogen microgrid, expected to support aquaculture. This microgrid will use renewable energy to generate hydrogen for storage and vessel power. The project will be part of the Guarantee of Origin (GO) Trial, a global assurance scheme designed to track and verify emissions from hydrogen and renewable electricity products in Australia.
   

This Asia Pacific DC microgrid market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Billion & MW” from 2021 to 2032, for the following segments:

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Market, By Connectivity

• Grid Connected
• Off Grid

Market, By Power Source

• Diesel Generators
• Natural Gas
• Solar PV
• CHP
• Others

Market, By Storage Device

• Lithium-ion
• Lead Acid
• Flow Battery
• Flywheels
• Others

Market, By Application

• Healthcare
• Educational Institutes
• Military
• Utility
• Industrial/ Commercial
• Remote
• Others

The above information has been provided for the following countries:

• China
• Japan
• South Korea
• India
• Australia