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Utility Scale DC Microgrid Market Share

Report ID: GMI12765
Published Date: Dec 2024
Report Format: PDF

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Utility Scale DC Microgrid Market Share

Utility Scale DC Microgrid Company Market Share

Eminent players are partnering with renewable energy providers, grid operators, and local governments to expand their DC microgrid offerings. These collaborations allow for leveraging each other's strengths in energy generation, distribution, and regulation compliance. Additionally, to navigate regulatory challenges and meet the specific needs of local markets, companies are establishing regional offices or forming alliances with local firms, thereby strengthening their global presence and broadening their customer base.

Utility Scale DC Microgrid Market Companies

Eminent players operating in the utility scale DC microgrid industry are:

ARDA Power
AEG International
Bosch Global
Eaton
G&W Electric
PowerSecure
Sumitomo Electric Industries
Schneider Electric
SolarWorX
Schaltbau Group

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market for utility scale DC microgrid was reached USD 952.2 million in 2024 and is projected to grow at a CAGR of 18.2% from 2025 to 2034, driven by the rising demand for energy access in utility-scale regions.

The grid-connected segment is expected to exceed USD 3.6 million by 2034, due to its seamless transition between grid-tied and islanded modes, ensuring reliable energy distribution for utilities.

The diesel generators segment is anticipated to grow at a CAGR of over 19.2% through 2034, supported by their ability to provide consistent energy supply and adaptability to varying energy demands.

The U.S. utility scale DC microgrid market is projected to surpass USD 500 million by 2034, fueled by the push for renewable energy integration and the need for energy resilience amidst increasing natural disasters.

Key players in the market include ARDA Power, AEG International, Bosch Global, Eaton, G&W Electric, PowerSecure, Sumitomo Electric Industries, Schneider Electric, SolarWorX, and Schaltbau Group.