North America Microgrid Market to Reach US$ 33.7 Billion by 2032, Propelled by Increasing Usage in Remote Areas.

September 05, 2022 | Energy & Mining

The latest report by IMARC Group, titled “North America Microgrid Market Report by Energy Source (Natural Gas, Combined Heat and Power, Solar Photovoltaic (PV), Diesel, Fuel Cell, and Others), Application (Remote Systems, Institution and Campus, Utility/Community, Defense, and Others), and Country 2024-2032,” finds that the North America microgrid market size reached US$ 13.5 Billion in 2023. A microgrid is an energy system that is generally used for electricity supply across a discrete geographic footprint. It is a smaller version of power grids and mainly comprises wind turbine generators, fuel cells, microturbines, battery storage systems, and photovoltaic generators. It performs control functions over energy sources by enabling autonomous and automatic self-healing operations. In addition, it assists in enhancing reliability, reducing greenhouse gas (GHG) emissions, and lowering stress on the transmission and distribution system. Owing to these properties, microgrids are widely utilized by commercial, industrial, and federal government consumers in North America.

North America Microgrid Market Trends:

The market is primarily driven by the increasing usage of microgrids in defense and remote areas to enhance security against cyberattacks and the threat of grid outages. This can be attributed to the growing reliance on modern communication technologies, such as wireless cloud computing, which makes power systems susceptible to cyber-attacks and hackers, thus escalating the need for a secure network with a continuous power supply. In addition, the implementation of favorable government initiatives to provide energy-efficient power solutions represents another major growth-inducing factor. Besides this, with the increasing environmental concerns, government authorities are establishing biopower, solar, and wind energy farms. This, coupled with various technological advancements that increase the performance of battery inverters and ensure uninterrupted power supply, is also propelling the market growth across the region. Looking forward, IMARC Group expects the market value to reach US$ 33.7 Billion by 2032, exhibiting a CAGR of 10.4% during the forecast period (2024-2032).

Market Summary:

  • Based on the energy source, the market has been segmented into natural gas, combined heat and power, solar photovoltaic (PV), diesel, fuel cell, and others.
  • Based on the application, the market has been classified into remote systems, institution and campus, utility/community, defense, and others.
  • On the geographical front, the market has been divided into the United States and Canada.
  • The competitive landscape of the market has been examined in the report, with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Energy Source, Application, Country
Countries Covered United States, Canada
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
North America Microgrid Market to Reach US$ 33.7 Billion by 2032, Propelled by Increasing Usage in Remote Areas.
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More