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Utility Scale Microgrid Market Share

Report ID: GMI12704
Published Date: Dec 2024
Report Format: PDF

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Utility Scale Microgrid Company Market Share

Eminent players are broadening their offerings to meet diverse customer needs by developing comprehensive microgrid solutions. These solutions integrate renewable energy sources, energy storage systems, and advanced control technologies. Furthermore, substantial investments are being funneled into research and development (R&D) to foster innovation and advance microgrid technologies, ensuring they stay competitive in a rapidly evolving market.

Utility Scale Microgrid Market Companies

Eminent players operating in the utility scale microgrid industry are:

Ameresco
Bloom Energy
Caterpillar
Eaton
General Electric
PG&E
Piller Power Systems
S&C Electric Company
Stellar Energy
Schneider Electric

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of utility scale microgrid reached USD 2.7 billion in 2024 and is set to grow at a CAGR of 18.5% from 2025 to 2034, driven by rising costs of conventional grid expansion and increasing demand for energy independence.

The grid connected segment is anticipated to grow at a CAGR of over 18.5% through 2034, supported by rising demand for power backup during outages and load-balancing connections to reduce stress on the main grid.

The U.S. market is projected to exceed USD 1.3 billion by 2034, led by increasing natural disasters causing grid disruptions and federal and state-level incentives promoting microgrid adoption.

The key players in the market include Ameresco, Bloom Energy, Caterpillar, Eaton, General Electric, PG&E, Piller Power Systems, S&C Electric Company, Stellar Energy, and Schneider Electric.