Commercial & Industrial DC Microgrid Market - By Connectivity (Grid Connected, Off Grid), By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP), By Storage Device, Regional Outlook & Global Forecast, 2024 – 2032

Commercial & Industrial DC Microgrid Market Size

Commercial & Industrial DC Microgrid Market size was valued USD 724 Million in 2023 and is anticipated to grow at a CAGR of 22.8% from 2024 to 2032. It is a localized energy system that operates on DC power, integrating various energy sources such as solar panels, batteries, and EVs.
 

It enables efficient energy distribution, storage, and management within a facility or campus. DC microgrids are particularly suited for industrial and commercial settings where energy efficiency, cost savings, and reliability are critical, reducing energy conversion losses and offering more seamless integration with DC powered devices and renewable energy sources.
 

Rising demand for energy efficient microgrid solutions with reduced conversion loss in industries with high energy demands is set to propel the product adoption. Growing requirement for highly reliable and consistent power quality in industrial and commercial applications will stimulate the product penetration as a stable, uninterrupted power system which is particularly beneficial for sensitive equipment and critical operations.
 

Rising electric vehicle adoption is boosting integration of EV charging infrastructure leading to propel product demand. The product minimizes energy losses during charging and enables vehicle-to-grid and vehicle-to-everything technologies, enhancing energy management and grid stabilization for commercial facilities. Various industrial facilities often experience shifts in operational capacity leading to uplift product demand due to its easy expansion and modification properties without requiring extensive infrastructure overhauls. Additionally, this flexibility appeals to businesses that anticipate growth or want to start small and gradually increase their energy capabilities without significant upfront investment.
 

Commercial & Industrial DC Microgrid Market Trends

Growing inclination of critical industries towards adoption of microgrid solutions offering the ability to operate independently or in conjunction with the main grid, allowing businesses to maintain operations during power outages or fluctuations, leading to foster business statistics. Increasing data centers, robotics manufacturing, and advanced HVAC system's reliance on DC power equipment due to their high efficiency is set to improve product demand. The product also eliminates the need for AC-to-DC conversion, resulting in more streamlined power distribution that enhances the performance and longevity of DC-operated machinery and systems.
 

Commercial & Industrial DC Microgrid Market Analysis

Based on storage device, the market is segmented into lithium-ion, lead acid, flow battery, flywheels and Others. Lithium-ion is anticipated to grow by more than USD 3.19 billion by 2032 owing to its high energy density particularly advantageous for C&I applications, where space is often a constraint. The compact size of the storage device allows businesses to store significant amounts of energy within a smaller footprint, making it easier to integrate into existing infrastructures without requiring large-scale modifications. Furthermore, rising demand for storage solutions that can respond quickly, and excel in fast charging and discharging, allowing facilities to manage peak loads efficiently are driving product growth.
 

Based on connectivity, the commercial & industrial DC microgrid market is segmented into grid connected and off grid. Off grid segment is set to grow at a CAGR of over 23.1% by 2032. Industries are increasingly seeking to lessen their dependence on conventional power grids by generating, storing, and managing their own energy, they are focusing on gaining enhanced control over their energy consumption leading to strengthen product adoption.
 

This is especially important in remote areas where grid access is either non-existent or unreliable, allowing companies to maintain continuous operations without being affected by grid outages or fluctuations. Increasing demand for cost saving solutions with high scalability and flexibility are additional factors bolstering industry growth. This flexibility allows businesses to scale their energy systems according to their operational requirements without being tied to the limitations of grid capacity or regulations.
 

Asia Pacific industrial & commercial DC microgrid market is anticipated to grow by more than USD 3.35 billion by 2032. Increasing strain on existing grid infrastructure due to rapid industrialization and urbanization is augmenting product demand as an efficient solution to meet the energy needs of industrial and commercial sectors. Rising push towards renewable energy integration and high compatibility of DC systems with solar and wind power due to their higher efficiency is fostering the industry outlook.
 

In the U.S., rising extreme weather events and grid vulnerabilities, businesses are prioritizing energy security, thereby uplifting product demand. Increasing pressure on industries to meet sustainability goals and reduce carbon footprints coupled with high energy prices in the U.S., particularly during peak demand periods, are driving the C&I users to explore more efficient energy solutions.
 

Commercial & Industrial DC Microgrid Market Share

Eminent players are forming alliances with technology providers, renewable energy companies, and grid operators to leverage expertise and resources, speeding up the development and deployment of DC microgrid systems. Key players are expanding their footprint in regions such as Asia Pacific, the U.S., and Europe, where product demand is rising due to industrial growth and government policies. Companies are establishing local offices or partnering with regional firms to navigate regulatory environments and meet local market needs, enhancing their global presence and customer base.
 

Commercial & Industrial DC Microgrid Market Companies

Eminent players operating in the Commercial & Industrial DC Microgrid industry are:

• ABB
• AEG International
• ARDA Power
• Deutsche Messe AG
• Eaton
• EnSync Energy Systems
• Nextek Power Systems
• Sumitomo Electric Industries, Ltd.
• SolarWorX
• Victron Energy
   

Commercial & Industrial DC Microgrid Industry News

• In December 2023, British companies, forming a consortium, obtained USD 1.4 million in government funding. Their goal is to investigate the potential of EV batteries in balancing the UK's electricity grid's supply and demand. The project's design of a DC microgrid boasts enhanced cost and energy efficiency over traditional bi-directional AC systems. This advancement makes vehicle-to-everything (V2X) energy management commercially feasible and propels efforts towards decarbonization and achieving net-zero targets.
   
• In March 2023, ABB is partnering with Direct Energy Partners (DEP), a start-up leveraging digital technology to advance the adoption of Direct Current (DC) microgrids. DEP's innovative software platform, DCIDE, simplifies the design, engineering, and implementation of DC microgrids by reducing soft costs and providing valuable expertise. This streamlining allows for quicker and more cost-effective deployment of DC microgrids, enabling smarter and more commercially viable decisions.
   

Commercial & Industrial DC Microgrid market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Million & MW” from 2021 to 2032, for the following segments:

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Market, By Connectivity, 2021 – 2032 (USD Million & MW)

• Grid Connected
• Off Grid

Market, By Power Source, 2021 – 2032 (USD Million & MW)

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

Market, By Storage Device, 2021 – 2032 (USD Million & MW)

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

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Russia
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Chile