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DC Microgrid Market Share

Report ID: GMI9760
Published Date: Jun 2024
Report Format: PDF

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DC Microgrid Market Share

Key market players are incorporating digital technologies and smart grid solutions into DC system to enhance their functionality and value proposition. Key players are highlighting the environmental benefits and cost savings associated with the product to attract environmentally conscious customers and align with global sustainability goals. Companies are also offering flexible and modular systems that can be easily scaled and adapted to different energy requirements to improve market growth and enhance customer satisfaction.

DC Microgrid Market Companies

Eminent players operating in the DC microgrid industry are:

AEG International
ARDA Power
ABB
Eaton Corporation
Enel X
EnSync Energy Systems
Hitachi Energy
PowerSecure, Inc.
Schneider Electric SE
SolarWorX
Sumitomo Electric Industries, Ltd
Schaltbau Group

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of DC microgrid was crossed USD 6 billion in 2023 and is anticipated to grow at 20.3% CAGR from 2024 to 2032 owing to the rising demand for reliable and resilient power supply.

The grid connected segment in the DC microgrid market will register USD 24 billion by 2032 on an account of their seamless integration, allowing easier deployment and operation within established electrical systems.

Asia Pacific DC microgrid market size is anticipated to exceed USD 18 billion by 2032, attributed to rapid urbanization and industrialization.

AEG International, ARDA Power, ABB, Eaton Corporation, Enel X, EnSync Energy Systems, Hitachi Energy, PowerSecure, Inc., Schneider Electric SE, SolarWorX, Sumitomo Electric Industries, Ltd, and Schaltbau Group