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North America DC Microgrid Market Trends

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

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North America DC Microgrid Market Trends

Growing government initiatives and policies aimed at promoting clean energy and grid modernization will support product deployment. Additionally, increasing trend toward decentralized energy systems that empower local communities to generate and manage their own energy will complement product adoption. Rising focus on smart building technologies with many modern electronic devices and lighting systems operate on DC power systems will impact product make a natural fit for smart building applications.

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.