AC Microgrid Market By Type (Grid-Connected Microgrids, Off-Grid Microgrids, Hybrid Microgrids), By Component (Generation, Storage, Control Systems, Power Electronics), By End Use (Residential, Commercial, Industrial, Military, Utility, Educational Institutions) and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the AC Microgrid Market was valued at USD 36.5 billion in 2023 and will surpass USD 89.4 billion by 2030; growing at a CAGR of 13.7% during 2024 - 2030.

Grid-Connected Microgrid Segment is Expected to Dominate the AC Microgrid Market

The grid-connected microgrid segment is expected to dominate the AC microgrid market due to its growing integration with renewable energy sources and the existing power grid infrastructure. These systems facilitate the efficient management of energy distribution, enabling the use of solar, wind, and other renewable resources while maintaining reliability through connection to the larger grid. As governments worldwide increasingly focus on sustainability and energy resilience, grid-connected microgrids are seen as vital solutions that can enhance grid stability and reduce dependence on fossil fuels.

AC Microgrid Market By Type

North America is Projected to Have the Largest Market Size During the Forecast Period

The AC Microgrid market encompasses localized power distribution systems that function independently or in harmony with the main grid, utilizing alternating current technology. These microgrids integrate a diverse array of distributed energy resources, such as solar panels, wind turbines, energy storage systems, and conventional generators, to deliver electricity to designated areas or facilities. The growing emphasis on energy resilience, sustainability, and the efficient management of energy resources is driving the increasing adoption of AC microgrids in the region.

AC Microgrid Market share by region

The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. This information is essential for developing effective marketing strategies and creating products or services that meet the needs of the target market. The report also covers a detailed analysis of the competitive landscape which includes major players, their recent developments, growth strategies, product benchmarking, and manufacturing operations among others. Also, brief insights on start-up ecosystem and emerging companies is also included as part of this report.

Report Objectives:

The report will help you answer some of the most critical questions in the AC Microgrid Market. A few of them are as follows:

What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
What are the prevailing technology trends in the AC Microgrid Market?
What is the size of the AC Microgrid Market based on segments, sub-segments, and regions?
What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
What are the market opportunities for stakeholders after analyzing key market trends?
Who are the leading market players and what are their market share and core competencies?
What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope:

Report Features	Description
Market Size (2023)	USD 36.5 billion
Forecasted Value (2030)	USD 89.4 billion
CAGR (2024 – 2030)	13.7%
Base Year for Estimation	2023
Historic Year	2022
Forecast Period	2024 – 2030
Report Coverage	Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments
Segments Covered	AC Microgrid Market By Type (Grid-Connected Microgrids, Off-Grid Microgrids, Hybrid Microgrids), By Component (Generation, Storage, Control Systems, Power Electronics), By End Use (Residential, Commercial, Industrial, Military, Utility, Educational Institutions).
Regional Analysis	North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
Customization Scope	Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

1.1. Market Definition

1.2. Scope of the Study

1.3. Research Assumptions

1.4. Study Limitations

2. Research Methodology

2.1. Research Approach

2.1.1. Top-Down Method

2.1.2. Bottom-Up Method

2.1.3. Factor Impact Analysis

2.2. Insights & Data Collection Process

2.2.1. Secondary Research

2.2.2. Primary Research

2.3. Data Mining Process

2.3.1. Data Analysis

2.3.2. Data Validation and Revalidation

2.3.3. Data Triangulation

3. Executive Summary

3.1. Major Markets & Segments

3.2. Highest Growing Regions and Respective Countries

3.3. Impact of Growth Drivers & Inhibitors

3.4. Regulatory Overview by Country

4. AC Microgrid Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030)

4.1. Grid-Connected Microgrids

4.2. Off-Grid Microgrids

4.3. Hybrid Microgrids

5. AC Microgrid Market, by Component (Market Size & Forecast: USD Million, 2022 – 2030)

5.1. Generation

5.2. Storage

5.3. Control Systems

5.4. Power Electronics

5.5. Others

6. AC Microgrid Market, by End Use (Market Size & Forecast: USD Million, 2022 – 2030)

6.1. Residential

6.2. Commercial

6.3. Industrial

6.4. Military

6.5. Utility

6.6. Educational Institutions

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

7.1. Regional Overview

7.2. North America

7.2.1. Regional Trends & Growth Drivers

7.2.2. Barriers & Challenges

7.2.3. Opportunities

7.2.4. Factor Impact Analysis

7.2.5. Technology Trends

7.2.6. North America AC Microgrid Market, by Type

7.2.7. North America AC Microgrid Market, by Component

7.2.8. North America AC Microgrid Market, by End Use

7.2.9. By Country

7.2.9.1. US

7.2.9.1.1. US AC Microgrid Market, by Type

7.2.9.1.2. US AC Microgrid Market, by Component

7.2.9.1.3. US AC Microgrid Market, by End Use

7.2.9.2. Canada

7.2.9.3. Mexico

*Similar segmentation will be provided for each region and country

7.3. Europe

7.4. Asia-Pacific

7.5. Latin America

7.6. Middle East & Africa

8. Competitive Landscape

8.1. Overview of the Key Players

8.2. Competitive Ecosystem

8.2.1. Level of Fragmentation

8.2.2. Market Consolidation

8.2.3. Product Innovation

8.3. Company Share Analysis

8.4. Company Benchmarking Matrix

8.4.1. Strategic Overview

8.4.2. Product Innovations

8.5. Start-up Ecosystem

8.6. Strategic Competitive Insights/ Customer Imperatives

8.7. ESG Matrix/ Sustainability Matrix

8.8. Manufacturing Network

8.8.1. Locations

8.8.2. Supply Chain and Logistics

8.8.3. Product Flexibility/Customization

8.8.4. Digital Transformation and Connectivity

8.8.5. Environmental and Regulatory Compliance

8.9. Technology Readiness Level Matrix

8.10. Technology Maturity Curve

8.11. Buying Criteria

9. Company Profiles

9.1. ABB

9.1.1. Company Overview

9.1.2. Company Financials

9.1.3. Product/Service Portfolio

9.1.4. Recent Developments

9.1.5. IMR Analysis

*Similar information will be provided for other companies

9.2. Cleantech Solar

9.3. Eaton

9.4. Enel X

9.5. General Electric

9.6. Honeywell

9.7. Microgrid Energy

9.8. Nuvve Corporation

9.9. Rockwell Automation

9.10. S&C Electric Company

9.11. Schneider Electric

9.12. Siemens AG

9.13. SolarEdge Technologies

9.14. Trane Technologies plc

10. Appendix

A comprehensive market research approach was employed to gather and analyze data on the AC Microgrid Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the AC Microgrid Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - AC Microgrid Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the AC Microgrid ecosystem. The primary research objectives included:

Validating findings and assumptions derived from secondary research
Gathering qualitative and quantitative data on market trends, drivers, and challenges
Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the AC Microgrid Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

Identification of key industry players and relevant revenues through extensive secondary research
Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - AC Microgrid Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.