Home > Energy & Power > Renewable Energy > Microgrid > North America DC Microgrid Market

North America DC Microgrid Market Share

Report ID: GMI11580
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

North America DC Microgrid Market Share

North America DC Microgrid Company Market Share

Key market players are developing tailored solutions to meet the specific needs of different regions and sectors, including commercial, industrial, and residential applications. They enhance customer satisfaction and market relevance by offering customizable microgrid systems that address local energy requirements and challenges20re. Many companies are forming alliances with local utilities, energy providers, and governmental bodies. These partnerships enhance market entry and provide essential resources for developing and deploying DC microgrid solutions.

North America DC Microgrid Market Companies

Eminent players operating in the North America DC Microgrid industry are:

ABB
Enel X
Eaton Corporation
Hitachi Energy
PowerSecure
PG&E
Schneider Electric
SolarWorX
Sumitomo Electric Industries
Schaltbau Group
Weidmuller

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of North America DC microgrid was worth over USD 1.8 billion in 2023 and is projected to grow at a CAGR of 10.4% through 2032, owing to the increasing renewable energy integration.

The off-grid segment is predicted to hit USD 1.2 billion by 2032, due to its independence, which is particularly valuable in remote or underserved areas where grid access is limited or unreliable.

The flywheel segment is expected to grow at a CAGR of over 11% through 2032, owing to its high round-trip efficiency, typically ranging from 85% to 95%, making it ideal for applications requiring quick bursts of energy.

The U.S. DC microgrid market is anticipated to cross USD 3.5 billion by 2032, driven by increasing demand for reliable power solutions during outages.

Major key players in the North America DC microgrid industry include ABB, Enel X, Eaton Corporation, Hitachi Energy, PowerSecure, PG&E, Schneider Electric, SolarWorX, Sumitomo Electric Industries, Schaltbau Group, and Weidmuller.