Please Wait.....
Report
AC Grid Connected Microgrid Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Market Report I 2024-08-23 I 80 Pages I Global Market Insights
The global AC grid connected microgrid market was valued at USD 6.9 Billion in 2023 and is projected to grow at a CAGR of 19.9% from 2024-2032. This system generates, distributes, and regulates electricity, working with the main utility grid. It uses alternating current electricity and can operate autonomously or in sync with the grid, ensuring reliable power. Energy resilience demand, especially in disaster-prone areas, drives product adoption. The integration of renewable energy sources like solar and wind into microgrids is a major growth driver. Decentralization and grid modernization trends enhance grid stability and support smart grid technologies, boosting industry growth.
The overall AC grid connected microgrid industry is classified based on the power source, storage device, application, and region.
The market segments power sources into natural gas, CHP, diesel generators, solar PV, and others. Diesel generators are expected to grow by over USD 12.4 billion by 2032 due to their reliability, ease of refueling, and long storage life. They ensure sustained power without external fuel dependencies and integrate easily into hybrid microgrid systems. Rising demand from data centers and the telecommunications sector, where continuous uptime is critical, is also contributing to this growth. Additionally, advancements in cleaner diesel technologies and emissions controls are improving the environmental viability of diesel generators, making them more attractive for long-term use.
Applications include utility, healthcare, military, educational institutes, remote, industrial/commercial, and others. The industrial/commercial segment is forecasted to grow at a CAGR of over 22.5% by 2032, driven by the need for energy reliability and resilience. Industries focus on sustainability and compliance with environmental regulations, increasing demand for microgrid solutions. The adoption of digital tools for remote monitoring and management of microgrids is further enhancing operational efficiency and uptime. Furthermore, the expansion of industrial operations in emerging economies is fueling the need for robust and scalable power solutions to support growing production capacities.
Asia Pacific's market is set to expand by over USD 20.4 billion by 2032. Frequent power outages and grid instability in several countries drive demand for localized power solutions. Government and organizational policies and incentives promote continuous power support in rural and remote areas, enhancing product penetration. Growing industrialization and urbanization in countries such as India and Vietnam are further driving demand for reliable backup power systems. Additionally, the region is seeing significant investment in infrastructure and renewable energy integration, which is boosting the deployment of hybrid power solutions, including diesel generators as part of broader energy systems.
Report Content
Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls and challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
Chapter 4 Competitive landscape, 2023
4.1 Introduction
4.2 Strategic dashboard
4.3 Innovation and sustainability landscape
Chapter 5 Market Size and Forecast, By Power Source, 2021 - 2032 (MW and USD Billion)
5.1 Key trends
5.2 Diesel generators
5.3 Natural gas
5.4 Solar PV
5.5 CHP
5.6 Others
Chapter 6 Market Size and Forecast, By Storage Device, 2021 - 2032 (MW and USD Billion)
6.1 Key trends
6.2 Lithium-ion
6.3 Lead acid
6.4 Flow battery
6.5 Flywheels
6.6 Others
Chapter 7 Market Size and Forecast, By Application, 2021 - 2032 (MW and USD Billion)
7.1 Key trends
7.2 Healthcare
7.3 Educational institutes
7.4 Military
7.5 Utility
7.6 Industrial/Commercial
7.7 Remote
7.8 Others
Chapter 8 Market Size and Forecast, By Region, 2021 - 2032 (MW and USD Billion)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Russia
8.3.5 Spain
8.3.6 Italy
8.3.7 Denmark
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 India
8.4.5 Australia
8.4.6 Malaysia
8.4.7 Indonesia
8.5 Middle East and Africa
8.5.1 Saudi Arabia
8.5.2 UAE
8.5.3 South Africa
8.5.4 Iran
8.5.5 Nigeria
8.6 Latin America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Chile
Chapter 9 Company Profiles
9.1 ABB
9.2 Caterpillar Inc.
9.3 FlexGen Power Systems
9.4 General Electric
9.5 HOMER Energy
9.6 Piller Power Systems
9.7 PG&E
9.8 Saft
9.9 Schneider Electric SE
9.10 Stellar Energy
9.11 Siemens AG
9.12 Victron Energy B.V.
9.13 Yanmar Holdings Co., Ltd
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security