North America Microgrid Market to 2032

Q: What is the current market size of the North America Microgrid Market?

North America Microgrid Market was valued at USD 21,828.30 (Revenue in USD Billion) in 2022.

Overview

The North America Microgrid Market is expected to reach a 117,856.47 USD Billion by 2032 and is projected to grow at a CAGR of 31.12% from 2025 to 2032.

Revenue, 2024 (USD Billion)

21,828.30

Forecast, 2032 (USD Billion)

117,856.47

CAGR, 2024 - 2032

31.12%

Report Coverage

North America

North America Microgrid Market 2018-2032 USD Billion

North America Microgrid Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 21,828.30 USD Billion
Projected Market Size (2032): 117,856.47 USD Billion
CAGR (2025-2032): 31.12%

Key Findings of North America Microgrid Market

The North America Microgrid Market was valued at 21,828.30 USD Billion in 2024.
The North America Microgrid Market is likely to grow at a CAGR of 31.12% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Grid Connected in Connectivity Segment accounted for the largest share of the market with a revenue of 14,865.93 USD Billion
The fastest growing segment Healthcare in Vertical Segment grew Fastest with a CAGR of 35.43% during the forecast period from 2024 to 2032.

North America Microgrid Market Scope

North America Microgrid Market Segmentation & Scope

Power Source

Others
Fuel Cells
Natural Gas
Combined Heat and Power
Solar
Diesel

Vertical

Others
Educational Institutions
Electric Utility
Industrial
Military
Healthcare

Offering

Services
Software
Hardware

Grid Type

AC Microgrid
Hybrid
DC Microgrid

Connectivity

Remote/Island
Grid Connected

North America Microgrid Market Data Coverage Insights

Study Period	2024-2032
Base Year	2022
Unit	Revenue in USD Billion
Market Value in 2024	21,828.30 USD Billion
Market Value in 2032	117,856.47 USD Billion
CAGR (2025-2032)	31.12%
Historic Data	2016-2023
Market Segments Covered	Power Source,Vertical,Offering,Grid Type,Connectivity

Regional Insights:

Leading Market (2024-2032): North America, leading in terms of revenue 21,828.30 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 18,149.76 USD Billion in 2024.

Segments and Scope

North America Microgrid Market to 2032, By Power Source
- Diesel is the largest segment in North America Microgrid Market to 2032 with a revenue of 7,480.00 USD Billion in the year 2024.
- Solar is the Fastest growing segment in North America Microgrid Market to 2032 with a Growth rate of 31.84 % in forecast period 2025-2032.
North America Microgrid Market to 2032, By Vertical
- Healthcare is the largest segment in North America Microgrid Market to 2032 with a revenue of 8,963.66 USD Billion in the year 2024.
- Healthcare is the Fastest growing segment in North America Microgrid Market to 2032 with a Growth rate of 35.43 % in forecast period 2025-2032.
North America Microgrid Market to 2032, By Offering
- Hardware is the largest segment in North America Microgrid Market to 2032 with a revenue of 9,773.21 USD Billion in the year 2024.
- Software is the Fastest growing segment in North America Microgrid Market to 2032 with a Growth rate of 30.38 % in forecast period 2025-2032.
North America Microgrid Market to 2032, By Grid Type
- DC Microgrid is the largest segment in North America Microgrid Market to 2032 with a revenue of 13,376.95 USD Billion in the year 2024.
- Hybrid is the Fastest growing segment in North America Microgrid Market to 2032 with a Growth rate of 30.67 % in forecast period 2025-2032.
North America Microgrid Market to 2032, By Connectivity
- Grid Connected is the largest segment in North America Microgrid Market to 2032 with a revenue of 14,865.93 USD Billion in the year 2024.
- Grid Connected is the Fastest growing segment in North America Microgrid Market to 2032 with a Growth rate of 32.39 % in forecast period 2025-2032.

North America Microgrid Market Company Share Analysis

Company Name
Siemens
ABB
General Electric
Honeywell International Inc.
Eaton

North America Microgrid Market Geographical Sales Distribution, 2018-2032 USD Billion

North America Microgrid Market Company Profiling

Industry Related Reports

South America Application-Specific Integrated Circuit (ASIC) Market

Middle East & Africa Application-Specific Integrated Circuit (ASIC) Market

North America Application-Specific Integrated Circuit (ASIC) Market

Europe Application-Specific Integrated Circuit (ASIC) Market

Asia-Pacific Application-Specific Integrated Circuit (ASIC) Market

Argentina Application-Specific Integrated Circuit (ASIC) Market

Australia Application-Specific Integrated Circuit (ASIC) Market

Belgium Application-Specific Integrated Circuit (ASIC) Market

Brazil Application-Specific Integrated Circuit (ASIC) Market

Canada Application-Specific Integrated Circuit (ASIC) Market

Frequently Asked Questions

What are the primary segments covered in the North America Microgrid Market?

The North America Microgrid Market is segmented based on Segmentation Power Source,Vertical,Offering,Grid Type,Connectivity.

What is the current market size of the North America Microgrid Market?

North America Microgrid Market was valued at USD 21,828.30(Revenue in USD Billion) in 2022.

What is the expected growth rate of the North America Microgrid Market?

North America Microgrid Market is projected to grow at a CAGR of 31.12% during the forecast period of 2024 to 2032.

Which is the dominating segment in the North America Microgrid Market?

The Grid Connected segment is expected to dominate the North America Microgrid Market, holding a largest market share of 14,865.93 USD Billion in 2024