Home > Energy & Power > Renewable Energy > Microgrid > Asia Pacific DC Microgrid Market

Asia Pacific DC Microgrid Market Share

Report ID: GMI11473
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Asia Pacific DC Microgrid Market Share

Asia Pacific DC Microgrid Company 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

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The Asia Pacific market for DC microgrid is expected to cross over USD 18 billion by 2032 and is set to register more than 27.6% CAGR through 2032, driven by increasing adoption of grid-connected systems that offer reliable backup and energy management during outages and peak demand periods.

The grid-connected segment of the DC microgrid market is expected to reach more than USD 12.6 billion by 2032, due to its seamless integration with existing grids, cost-saving capabilities, and ability to participate in energy arbitrage by selling excess energy during peak pricing periods.

The flow battery segment is anticipated to grow at a CAGR of over 29% through 2032, driven by its rapid response capability, durability, longevity, and minimal maintenance, making it ideal for stabilizing DC microgrids during energy supply fluctuations.

China’s DC microgrid market is expected to grow by more than USD 8.5 billion by 2032, driven by rapid expansion in renewable energy sources, escalating urban energy demands, government support, and initiatives like the 14th Five-Year Plan focused on clean energy and grid technology advancements.

Leading companies in the Asia Pacific DC microgrid market include AEG International, ABB, Eaton Corporation, Enel X, Hitachi Energy, PowerSecure, Sumitomo Electric Industries, Schneider Electric, State Grid Corporation of China, SolarWorX, Schaltbau Group, and Weidmuller.