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Commercial & Industrial DC Microgrid Market Trends

Report ID: GMI11410
Published Date: Sep 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Commercial & industrial DC microgrid industry size was valued USD 724 million in 2023 and will expand at 22.8% CAGR between 2024 and 2032, owing to increasing demand for energy efficiency and reliability and advances in renewable energy technologies and energy storage solutions.

The lithium-ion segment will reach USD 3.19 billion by 2032, fueled by its high energy density, long cycle life, and superior performance characteristics.

Asia Pacific commercial & industrial DC microgrid industry will garner USD 3.35 billion by 2032 due to rapid industrialization and urbanization across the region.

Key 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, and Victron Energy, among others.