United States Microgrid Market Size, Growth & Report
IMARC Group provides an analysis of the key trends in each segment of the United States microgrid market, along with forecasts at the country and regional levels
Our premium consulting services are available for an additional fee is designed to help you gain a competitive edge. The global microgrid market size was valued at USD 11.86 billion in 2024. The market is projected to grow from USD 13.59 billion in 2025 to USD 36.93 billion by 2032, exhibiting a CAGR of 15.36% during the forecast period.
The microgrid will distribute electric energy from solar, fuel cells and batteries through a self-contained energy system that can operate independently from the main power grid. Pittsburgh International also operates a microgrid power system.
Microgrids are complex systems that require specialized skills to operate and maintain. Microgrids include controls and communication systems that contain cybersecurity risks. A 2018 study conducted by the National Renewable Energy Laboratory found that microgrids in the Continental U.S. cost an average of $2 million-$5 million per megawatt.
The size of the microgrid will also depend on how many buildings and other end uses (i.e., load) are connected within the microgrid (impacting distribution equipment and cables needed) and how much power these buildings/end uses will need to consume (impacting the type and size of generation and storage needed).
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