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DC Grid Connected Microgrid Market Share

Report ID: GMI11029
Published Date: Aug 2024
Report Format: PDF

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DC Grid Connected Microgrid Market Share

DC Grid Connected Microgrid Company Market Share

Eminent players are focusing on technological innovations to enhance the performance and efficiency of DC microgrids. By developing cutting-edge DC components such as converters, inverters, and energy storage systems, these players are addressing the core challenge of integrating renewable energy sources into DC grids. Key players are entering into alliances with renewable energy companies, local grid operators, and technology providers to create holistic energy solutions. Furthermore, with the increasing demand for decentralized energy in off grid and remote locations, companies are targeting island communities and rural areas with DC microgrid solutions.

DC Grid Connected Microgrid Market Companies

Eminent players operating in the DC grid connected microgrid industry are:

ABB
AEG International
ARDA Power
Eaton
Nextek Power Systems
Schneider Electric SE
SolarWorX
Schaltbau Group
Stellar Energy
Sumitomo Electric Industries, Ltd

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of DC grid connected microgrid was worth over USD 3.9 billion in 2023 and is anticipated to grow at a 20.9% CAGR from 2024 to 2032, due to rising demand for connectivity from renewable sources such as solar panels or batteries to reduce conversion losses and improve overall system efficiency.

The natural gas power source segment in the DC grid connected microgrid market is set to grow at over 20.3% CAGR through 2032, owing to resource abundance, ensuring a steady and secure fuel supply, which is critical for long-term power planning.

Asia Pacific DC grid connected microgrid industry is anticipated to exceed USD 12.8 billion by 2032, due to rising government investments in renewable energy and decentralized power systems to reduce reliance on fossil fuels

ABB, AEG International, ARDA Power, Eaton, Nextek Power Systems, Schneider Electric SE, SolarWorX, and Schaltbau Group among others.