Top Microgrid Companies

The global microgrid market is largely driven by increasing demands for energy resilience and reliability that are being undermined by aging central grid infrastructure, rising frequency of extreme weather events, and increasing susceptibility to cyberattacks. The consequent emphasis on resilient power has led to adoption by critical facilities such as military bases, hospitals, and commercial and industrial (C&I) campuses that cannot withstand power interruptions. A secondary major market driver is accelerating global movement towards decarbonization and renewable energy integration, specifically solar PV and wind. Microgrids perform a critical function in supporting seamless integration of these two intermittent energy sources and energy storage systems into the grid, thereby helping federal and state governments and corporations achieve urgent and deliciously aggressive clean energy and sustainability goals.

Industry Overview

According to SkyQuest Technology “Microgrid Market By Type (AC Microgrid, DC Microgrid), By Pattern (Urban/Metropolitan, Semi-Urban), By Power Rating (<1 MW, 1–5 MW), By Power Source, By Connectivity, By Offering, By End User, By Region - Industry Forecast 2025-2032,” Global Microgrid Market is projected to grow at a CAGR of over 15.6% by 2032, on account of urgent need for automating quantified data. Additionally, supportive government policies, tax and other incentives, and rural electrification programs are significantly advancing microgrid deployment, especially in developing countries and remote off-grid communities where microgrids can offer a reasonable and equitable alternative to extending traditional electric transmission lines. Lastly, advances in technology, particularly smart grid checks and balances for controls and digital for energy management systems and projects, and the declining cost for adopting shared distributed energy resources (primarily battery storage) are making microgrid solutions much more relevant economically and easier to implement, further expanding appeal in the market for applications in decentralization of the energy system.

Top 10 Global Microgrid Companies

1. Siemens AG

Siemens AG is a German multinational technology company and the largest engineering firm in Europe. It specializes in the areas of Digital Industries, Smart Infrastructure, Mobility, and Financial Services and is a worldwide leader in industrial automation and industrial software.

2. Schneider Electric SE

Schneider Electric SE is a French multinational company specializing in digital automation and energy management. Its main goal is to help everyone make the most of their energy and resources, and its purpose is to bridge progress and sustainability with its "Life Is On" vision.

3. General Electric (GE)

General Electric (GE) is an American multinational conglomerate that, following a strategic shift in the business, now mainly focuses on three essential, high-growth industrial sectors. These businesses are moving toward independence and public listing: GE Aerospace (jet engines and systems), GE HealthCare (healthcare technologies), and GE Vernova (energy solutions, including power, renewable energy, and grid technologies).

4. ABB Ltd.

ABB Ltd. is a Swedish Swiss multinational technology leader specialized in electrification and automation, with a history spanning more than 140 years. Its purpose is to enable a more sustainable and resource-efficient future.

5. Eaton Corporation PLC

Eaton Corporation PLC is a multinational power management company that is based in Ireland. The Company is focused on developing smart products and solutions to allow its customers to manage electrical, fluid, and mechanical power safely, efficiently, and sustainably.

6. Honeywell International Inc.

Honeywell International Inc. is an American multinational conglomerate corporation specializing in the invention and commercialization of technologies that connect physical products with software. Its business is organized into four segments: Aerospace; Building Technologies; Industrial Automation (previously known as Performance Materials and Technologies); and Energy and Sustainability Solutions (ESS).

7. Hitachi Energy Ltd.

Hitachi Energy Ltd. is a global technology leader in electrification, enabling a sustainable energy future with innovative technologies in the field of power grids, with digital at the forefront. Hitachi Energy Ltd. was formed from a segment of ABB that focused on Power Grids, which was acquired by Hitachi, and is a subsidiary of Hitachi Ltd.

8. S&C Electric Company

S&C Electric Company is an American, employee-owned global provider of equipment and services for the electric power industry. The Company, founded in 1911, specializes in products used in high voltage switching and protection, products such as fuses, switches, and automation for electric power.

9. Caterpillar Inc.

Caterpillar Inc. is the largest global producer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The American company primarily operates through three key segments: Construction Industries, Resource Industries and Energy & Transportation. Caterpillar has a long history of helping customers with projects for global infrastructure and resource development, as well as dealing with financial products related to it.

10. Bloom Energy

Bloom Energy is an American publicly traded company that designs and makes solid oxide fuel cells (SOFC), branded as Bloom Energy Server. These servers make electricity for use on-site using a non-combustion chemical conversion process, powered by natural gas, biogas, or hydrogen. Bloom Energy's systems are generally used, as well, for commercial and industrial use cases, such as in data centers, to support highly reliable, always-on and distributed generation of electricity, with low-to-near-zero carbon emissions.

Other Leading Global Microgrid Companies

• Eaton
• Honeywell International
• Rockwell Automation
• Emerson Electric
• Mitsubishi Electric
• Hitachi
• Toshiba
• Legrand
• Johnson Controls
• Danfoss
• Yokogawa Electric
• Robert Bosch

Conclusion

The demand for microgrids is surging, principally because more resilient energy systems are needed to address the increasing threats posed by extreme weather and power grid failures. Resilience in this regard is particularly important for military bases, hospitals, and commercial and industrial enterprises. Additionally, the emergence of a global push to decarbonize our energy systems is a significant driver, as microgrids offer the best framework for enabling high penetrations of intermittent renewable energy sources like solar and wind, particularly paired with battery energy storage. As costs of distributing the energy resources continue to fall, supportive government policy for rural electrification in under-deployed parts of the world is spurring the expansion of these localized, smart energy systems.