Americas to Anchor $60.61 Billion Global Microgrid Market Through 2030, GlobalData Says
PV Magazine, citing GlobalData, reports that the global microgrid market was previously pegged at USD 60.61 billion by 2027 and is now on track for sustained expansion through the end of the decade. The Americas will carry most of that growth to 2030, with the U.S. market as the primary anchor.
Weather exposure is the demand driver in North America. PV Magazine attributes regional buildout to hurricanes, winter storms, and wildfires that repeatedly strain centralized transmission and distribution lines. In Canada, off-grid and remote communities are installing microgrids to shore up reliability, cut energy bills, and lean less on diesel gensets.
"Microgrids are becoming an important part of modern power system planning," said Bhavana Sri Pullagura, senior power analyst at GlobalData, framing the shift as a move toward more flexible, low-carbon supply.
On the supply side, PV Magazine names Siemens AG, Schneider Electric SE, and ABB Ltd among the leading global vendors competing for that pipeline.
Source: pv-magazine.com (opens in a new tab)1 sourcePermalink