North America AC Microgrid Market Size - By Connectivity (Grid Connected, Off Grid), By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP), By Storage Device (Diesel generators, Natural gas, Solar PV, CHP), By Application & Forecast, 2024 – 2032

North America AC Microgrid Market Size

North America AC Microgrid Market size was valued USD 2.3 billion in 2023 and is anticipated to grow at a CAGR of 10.1% between 2024 and 2032. It refers to a localized power distribution system that operates autonomously or in conjunction with the main grid, utilizing alternating current (AC) technology. It integrates various distributed energy resources (DERs) including solar panels, wind turbines, energy storage systems, and conventional generators to supply electricity to a specific area or facility.
 

Growing demand for reliable and resilient power supply solutions, primarily in areas prone to grid outages will augment the market growth. Growing emphasis on renewable energy integration coupled with advancements in energy storage technologies will drive the product deployment. Rising concerns about energy security and stringent environmental regulations will prompt the industries and communities to invest in microgrid solutions for enhanced energy independence and sustainability, thereby stimulating the industry growth.

North America AC Microgrid Market Trends

Surge in renewable energy integration with microgrid leveraging solar, wind, and other clean energy sources to enhance sustainability and reduce carbon emissions will stimulate the business landscape. Advancements in digitalization and grid-edge technologies will enable sophisticated control and optimization of these systems, thereby improving efficiency and performance. In addition, rising demand for grid-interactive microgrids that can seamlessly integrate with the larger utility grid, enabling bi-directional energy flows and providing ancillary grid services will strengthen the growth trajectory.
 

North America AC Microgrid Market Analysis

Based on connectivity, the market is segmented into grid connected and off grid. The grid connected segment is expected to reach USD 4.5 billion by 2032, owing to its seamless integration with the existing utility grid, allowing for bi-directional energy flows and enhancing overall grid stability and resilience. They provide a platform for the integration of renewable energy sources, including solar and wind, facilitating the transition towards a clean and sustainable energy future. Moreover, the microgrids offer enhanced flexibility and scalability, catering to a wide range of applications from commercial and industrial facilities to military installations and remote communities consequently propelling the business statistics.
 

Based on storage device, the North America AC microgrid market is bifurcated into flywheels, lithium-ion, lead acid, flow battery, and others. The lithium-ion segment is set to expand at a CAGR of over 11.5% through 2032, on account of its high energy density, fast charging capabilities, and long lifecycle. Rising technological advancements including improvements in safety, performance, and cost-effectiveness coupled with growing demand for resilient and decentralized energy solutions will improve the business statistics. In addition, the battery system scalability and modularity enable flexible deployment across a range of microgrid configurations and sizes, addressing diverse energy needs, which will uplift the business scenario.
 

U.S. AC microgrid market is poised to cross USD 4.5 billion by 2032, due to increasing energy demand, aging infrastructure, and the imperative to mitigate climate change. Robust policy support at the federal, state, and local levels and growing investments from private sector entities will improve the business scenario. Rising investments in the adoption of advanced technologies including smart grid systems, energy storage solutions, and grid-edge control systems will foster a conducive ecosystem for market growth.
 

North America AC Microgrid Market Share

Eminent players are focusing on innovation and technological advancements to enhance the performance and efficiency of microgrid solutions. Key players are actively investing in research and development to create customized solutions tailored to meet the specific needs of diverse industries and applications. This customer-centric approach allows companies to address unique challenges and provide value-added services to their clients. Additionally, market players are focusing on expanding their geographic footprint by entering new markets within the region will drive the business outlook.
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North America AC Microgrid Market Companies

Eminent players operating in the North America AC microgrid industry are:

• AlphaStruxure
• Caterpillar Inc.
• Dynapower
• Delta Electronics, Inc.
• Eaton Corporation
• Enphase Energy
• Emerson Electric Co.
• Enel X
• General Electric Company
• Ideal Power Inc
• Kohler Power
• Siemens AG
• S&C Electric Company
• Schneider Electric SE
• Toshiba Corporation
• Tata Power
   

North America AC Microgrid Industry News

• In January 2023, AlphaStruxure announced to manage the planning, building, and management of New York JFK Airport’s New Terminal One Microgrid, creating the biggest solar array on a rooftop terminal in the United States. This project will feature the biggest rooftop solar array in the city to power 3,570 typical American homes for a full year.
   
• In March 2023, Eaton, an intelligent power management company, was honored with the "Social & Sustainability" award by Electro-Federation Canada (EFC). The recognition stemmed from Eaton's innovative contribution to assisting AMP Energy and the remote Xeni Gwet’in indigenous community in developing a microgrid. This initiative aimed to ensure a dependable source of sustainable and affordable power for the community.
   

 The North America AC microgrid market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “MW & USD Billion” from 2019 to 2032, for the following segments:

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Market, By Connectivity

• Grid Connected
• Off Grid

Market, By Power Source

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

Market, By Storage Device

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

Market, By Application

• Healthcare
• Educational Institutes
• Military
• Utility
• Industrial/ Commercial
• Remote
• Others

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico