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U.S. Microgrid Market Size, Share, Trends, Industry Analysis Report By Power Source (Natural Gas, CHP, Solar PV, Diesel, Fuel Cell, Others), By Product, By Application– Market Forecast, 2025–2034

Publisher Polaris Market Research & Consulting LLP
Published Aug 01, 2025
Length 129 Pages
SKU # PLRS20381458

Description

The U.S. microgrid market size is expected to reach USD 106.96 billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Microgrid Market Size, Share, Trends, Industry Analysis Report By Power Source (Natural Gas, CHP, Solar PV, Diesel, Fuel Cell, Others), By Product, By Application– Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A microgrid is a localized energy system that can operate independently or in coordination with the main power grid. It typically includes distributed energy resources such as solar panels, batteries, generators, and control systems to produce, store, and manage electricity.

Cost savings through peak shaving and demand management are driving the market growth. Microgrids lower electricity bills by reducing reliance on grid power during peak demand hours, a practice known as peak shaving. Businesses and communities significantly cut operational costs by using stored or generated energy during times of high utility rates. This financial benefit is becoming increasingly attractive, especially as energy prices fluctuate. Microgrids further support load optimization and efficient energy use, which is particularly valuable for large commercial and industrial users. As a result, cost efficiency is fueling the adoption of microgrids in the U.S. market.

Improvements in battery storage technology are significantly boosting the performance and efficiency of microgrids. Modern battery systems allow microgrids to store surplus energy generated from renewable sources and release it when needed, improving energy reliability and reducing costs. These technological advancements make microgrids more scalable, flexible, and cost-effective. Users can now manage energy loads more efficiently and participate in demand response programs with innovations such as lithium-ion battery and flow batteries. The rise in energy storage capabilities is directly supporting the widespread adoption of advanced microgrid systems in the U.S.

U.S. Microgrid Market Report Highlights

In 2024, the CHP segment dominated with the largest share. CHP is favored as it simultaneously produces electricity and useful thermal energy from a single fuel source, making it highly efficient

The grid connected segment is expected to experience the fastest growth during the forecast period as these systems operate in connection with the main utility grid, allowing users to switch between grid power and local generation as needed.

A few key market players are ABB, Eaton Corp., Exelon, General Electric, Honeywell International, Northern Power, NRG International, Pareto Energy, Siemens AG, and Spirae.

Polaris Market Research has segmented the U.S. microgrid market report on the basis of power source, product, and application:

By Power Source (Revenue – USD Billion, 2020–2034)

Natural Gas

CHP

Solar PV

Diesel

Fuel Cell

Others

By Product (Revenue – USD Billion, 2020–2034)

Remote

Grid Connected

Hybrid

By Application (Revenue – USD Billion, 2020–2034)

Government

Education

Commercial

Utility

Defense

Others

Table of Contents

129 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. U.S. Microgrid Market Insights
4.1. U.S. Microgrid Market – Market Snapshot
4.2. U.S. Microgrid Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Supportive Government Policies and Incentives
4.2.1.2. Integration of Renewable Energy Sources
4.2.2. Restraints and Challenges
4.2.2.1. High Initial Investment
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. U.S. Microgrid Market Trends
4.6. Value Chain Analysis
5. U.S. Microgrid Market, by Power Source
5.1. Key Findings
5.2. Introduction
5.2.1. U.S. Microgrid Market, by Power Source, 2020-2034 (USD billion)
5.3. Natural Gas
5.3.1. U.S. Microgrid Market, by Natural Gas, 2020-2034 (USD billion)
5.4. CHP
5.4.1. U.S. Microgrid Market, by CHP, 2020-2034 (USD billion)
5.5. Solar PV
5.5.1. U.S. Microgrid Market, by Solar PV, 2020-2034 (USD billion)
5.6. Diesel
5.6.1. U.S. Microgrid Market, by Diesel, 2020-2034 (USD billion)
5.7. Fuel Cell
5.7.1. U.S. Microgrid Market, by Fuel Cell, 2020-2034 (USD billion)
5.8. Others
5.8.1. U.S. Microgrid Market, by Others, 2020-2034 (USD billion)
6. U.S. Microgrid Market, by Product
6.1. Key Findings
6.2. Introduction
6.2.1. U.S. Microgrid Market, by Product, 2020-2034 (USD billion)
6.3. Remote
6.3.1. U.S. Microgrid Market, by Remote 2020-2034 (USD billion)
6.4. Grid Connected
6.4.1. U.S. Microgrid Market, by Grid Connected, 2020-2034 (USD billion)
6.5. Hybrid
6.5.1. U.S. Microgrid Market, by Hybrid, 2020-2034 (USD billion)
7. U.S. Microgrid Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. U.S. Microgrid Market, by Application, 2020-2034 (USD billion)
7.3. Government
7.3.1. U.S. Microgrid Market, by Government, 2020-2034 (USD billion)
7.4. Education
7.4.1. U.S. Microgrid Market, by Education, 2020-2034 (USD billion)
7.5. Commercial
7.5.1. U.S. Microgrid Market, by Commercial, 2020-2034 (USD billion)
7.6. Utility
7.6.1. U.S. Microgrid Market, by Utility, 2020-2034 (USD billion)
7.7. Defense
7.7.1. U.S. Microgrid Market, by Defense, 2020-2034 (USD billion)
7.8. Others
7.8.1. U.S. Microgrid Market, by Others, 2020-2034 (USD billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. ABB
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Eaton Corp.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Exelon
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. General Electric
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Honeywell International
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Northern Power
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. NRG International
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Pareto Energy
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Siemens AG
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Spirae
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development

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