AC 마이크로그리드 시장 평가 : 동작 방식별, 용도별, 지역별, 기회 및 예측(2018-2032년)

Global AC microgrid market is projected to witness a CAGR of 12.43% during the forecast period 2025-2032, growing from USD 20.18 billion in 2024 to USD 51.53 billion in 2032. The global AC microgrid market has experienced significant growth in recent years due to rising investment in modernizing power systems and the transition toward renewable energy solutions, which is expected to maintain a strong pace of expansion in the coming years. AC microgrids are self-sufficient energy devices that are capable of operating networks independently with the main power grid, which drives their demand in various applications. Moreover, the rapid urbanization and rising electricity demand are prompting investments in efficient power solutions such as AC microgrids in the market. Several utility companies are investing in building power infrastructure with reliable equipment, which is boosting the demand for AC microgrids in the market.

For instance, in 2023, global electric companies invested around USD 167.8 billion to make the grid stronger, smarter, cleaner, dynamic, and more secure. In 2024, companies have increased the investment by USD 30 billion which was only to focus on adaptation, hardening, and resilience initiatives to strengthen the nation's transmission and distribution infrastructure. This development highlights the rising investment in the power infrastructure which drives the demand for AC microgrids in the coming years.

In addition, AC microgrids facilitate the seamless integration of renewable energy sources, supporting decarbonization targets and reducing emissions. Advancements in energy storage, digitalization, and smart grid integration are further enhancing the efficiency and reliability of AC microgrids. Furthermore, the government is actively promoting rural electrification through initiatives such as the Revamped Distribution Sector Scheme, Integrated Power Development Scheme (IPDS), National Electricity Fund (NEF), and the Green Energy Corridors Program. These initiatives aim to strengthen electrification and modernize transmission infrastructure, thereby driving the demand for AC microgrids across the country.

Government Investment in Rural Electrification Initiatives Drives Market Growth

The governments across the emerging nations are prioritizing reliable electricity access in rural areas by investing in grid expansion, modernization, and the integration of renewable energy into rural grid networks creating strong demand for AC microgrids in the coming years. Further, governments are increasingly allocating funds, offering incentives, and implementing supportive policies to extend electricity access to rural regions, where traditional grid extension is often economically or logistically unfeasible. AC transformers are being used to integrate decentralized renewable energy sources into the grid, ensuring efficient power distribution across various end users. Furthermore, AC microgrids support both off-grid and grid-connected systems, helping to reduce transmission losses and improve energy security.

In addition, governments are investing in upgrades to power transmission networks and the construction of new substations in rural areas, which will contribute to the growth of the AC microgrids market during the forecast period. Furthermore, in India, rural electrification schemes such as the Saubhagya Scheme and the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) have significantly strengthened rural electricity infrastructure, thereby driving the demand for efficient AC microgrids across the country.

For instance, in March 2025, Power Grid Corporation of India Limited (PGCIL) announced investment approvals for two significant transmission projects aimed at strengthening the nation's power evacuation and grid infrastructure. The first project, titled "Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW) has been approved at an estimated cost of USD 20.7 billion for Part I and USD 4.81 million for Part II. The project is scheduled for commissioning by July 14, 2026. The second project involves the Augmentation of transformation capacity by 1000 MVA, 400/220kV ICTs at Tumkur (Pavagada) 400/220kV Pooling Station in Karnataka, and implementation of a 220kV line bay at Tumkur (Pavagada) 400/220kV PS for providing connectivity to the Renewable Energy (RE) generation project. The project, estimated at USD 14.48 million, is expected to be completed by May 20, 2026. The rising investment in power transmission drives the demand for AC microgrids in the market.

Rise in Integration of Renewable Energy Creates Market Opportunity

Globally, countries are intensifying efforts to reduce carbon emissions and transition toward sustainable energy, which has increased the emphasis on harnessing renewable energy sources. AC microgrids are ideally positioned to facilitate this energy transition. They are becoming crucial systems for integrating more complex and dynamic energy sources into local power networks, delivering reliable and clean electricity to both grid-connected and remote communities. The strong integration capability of AC microgrids is driving their demand in the market.

Regulatory support for clean energy adoption is accelerating the deployment of AC microgrids in the market. Industrial and commercial facilities are increasingly adopting AC microgrids to meet sustainability targets. As regions focus on shifting toward decarbonization and energy transition, this results in an opportunity for growth for innovative AC microgrids, which could integrate the different sources of energy with less energy loss, thus creating the demand for AC microgrids in the market.

For instance, in August 2024, the Department of Energy (DOE) of the United States decided to invest USD 2.2 billion in the nation's power grid. This investment supports eight major projects across 18 states to enhance grid resilience. This development highlights the inclination towards renewable energy integration, which drives the demand for converter transformers in the market.

Grid-Connected AC Microgrids Dominate the Global Market

Grid-connected AC microgrids currently have higher demand in the global market because they provide easy access to the main utility grid. These microgrids offer a cost-effective solution by seamlessly integrating with existing utility infrastructure, ensuring an uninterrupted power supply even during grid disturbances. Additionally, grid-connected AC microgrids optimize the utilization of renewable energy sources by managing their intermittent nature and maintaining grid stability.

The power sector is progressively using grid-connected microgrids to cut operational costs, enhance energy efficiency, and protect against power disruptions, hence boosting its demand in the market. Moreover, the system is turning into a credible backup measure in the event of interruptions in the grids or distribution systems, which makes grid-connected AC microgrids inherently more reliable and creates demand in the market. Additionally, supportive government policies and incentives for renewable integration and grid modernization are accelerating the market growth of grid-connected AC microgrids in the market.

Asia-Pacific Dominates AC Microgrid Market

The demand for AC microgrids is increasing in the region due to rapid growth in urbanization and industrialization. AC microgrids are increasingly favoured as equipment offers seamless integration with the main grid and supports a wide range of distributed energy resources. Further, the equipment assists in scalability and fault-tolerant power supply to varied applications, hence fuelling its usage in both urban and rural grid environments. The emerging nations are putting investments in the current grid infrastructure, which is leading to the market demand for dependable power solutions, devices like AC microgrids.

For instance, in October 2024, the power ministry announced the goal to expand India's renewable transmission infrastructure and energy grid capacity by 2032. The government is looking to invest around USD 109 billion to build the capacity for up to 500 GW of renewable power in the forecast period. This development will increase the demand for AC microgrids in the utility sector for the transmission and distribution of renewable energy.

Asia-Pacific is leading the way in the uptake of renewable energy, with major investments going into solar, wind, and hybrid power plants. AC microgrids provide seamless integration of such renewables, supporting nations in achieving carbon emission cuts. Asia-Pacific nations have huge rural and remote regions where it is not possible or economically viable to extend the central grid. Also, increasing emphasis on rural electrification and enhanced energy access across the region is emerging as the key driver for AC microgrids in the region. The future favourable government regulations, incentives, and public-private investments are also fuelling the AC microgrid market growth during the forecast period.

Future Market Scenario (2025 - 2032F)

Rising investments in the power infrastructure projects across the Asia-Pacific region are driving the demand for AC microgrids in the coming years.

Governments are focusing on modernizing existing facilities with efficient power supply equipment, which is fostering the demand for AC microgrids in the forecast period.

The adoption of smart technologies and the Internet of Things (IoT) is driving the adoption of AC microgrids in the market.

The rise in investment related to rural electrification in developing countries is driving the demand for AC microgrids in the market.

Key Players Landscape and Outlook

AC microgrid manufacturers are adopting various strategic initiatives to bolster their presence in the industry. Companies are making substantial investments in research and development to advance energy storage solutions, smart grid technologies, and the smooth integration of renewable energy sources, ensuring their offerings align with changing customer demands and regulatory requirements. Additionally, manufacturers are prioritizing the development of cost-effective, modular, and scalable microgrid products that can be customized for a wide range of applications. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in March 2025, Schneider Electric decided to invest around USD 700 million in the United States to support the growth of the Energy & AI Sectors. The investment will help in opening a new power distribution unit laboratory, allowing researchers to evaluate power systems for the AI data center market. Also, a new microgrid laboratory will simulate and test fully functioning microgrids under real-world conditions. This development helps the company to increase its revenue in the coming years.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographic
• 4.2. Factors Considered in Purchase Decisions
• 4.3. Unmet Demands

5. Global AC Microgrid Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Operating Mode
    • 5.2.1.1. Off-Grid Connected
    • 5.2.1.2. Grid Connected
  • 5.2.2. By Application
    • 5.2.2.1. Commercial
    • 5.2.2.2. Industrial
    • 5.2.2.3. Residential
    • 5.2.2.4. Utility
  • 5.2.3. By Region
    • 5.2.3.1. North America
    • 5.2.3.2. Europe
    • 5.2.3.3. Asia-Pacific
    • 5.2.3.4. South America
    • 5.2.3.5. Middle East and Africa
  • 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Operating Mode
  • 5.3.2. By Application
  • 5.3.3. By Region

6. North America AC Microgrid Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Operating Mode
    • 6.2.1.1. Off-Grid Connected
    • 6.2.1.2. Grid Connected
  • 6.2.2. By Application
    • 6.2.2.1. Commercial
    • 6.2.2.2. Industrial
    • 6.2.2.3. Residential
    • 6.2.2.4. Utility
  • 6.2.3. By Country Share
    • 6.2.3.1. United States
    • 6.2.3.2. Canada
    • 6.2.3.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States AC Microgrid Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Operating Mode
        • 6.3.1.2.1.1. Off-Grid Connected
        • 6.3.1.2.1.2. Grid Connected
      • 6.3.1.2.2. By Application
        • 6.3.1.2.2.1. Commercial
        • 6.3.1.2.2.2. Industrial
        • 6.3.1.2.2.3. Residential
        • 6.3.1.2.2.4. Utility
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe AC Microgrid Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific AC Microgrid Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America AC Microgrid Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa AC Microgrid Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

• 13.1. Market Drivers
• 13.2. Market Challenges

14. Market Trends and Developments

15. Competitive Landscape

• 15.1. Competition Matrix of Top 5 Market Leaders
• 15.2. SWOT Analysis for Top 5 Players
• 15.3. Key Players Landscape for Top 10 Market Players
  • 15.3.1. Schneider Electric SE
    • 15.3.1.1. Company Details
    • 15.3.1.2. Key Management Personnel
    • 15.3.1.3. Products and Services
    • 15.3.1.4. Financials (As Reported)
    • 15.3.1.5. Key Market Focus and Geographical Presence
    • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 15.3.2. ABB Ltd.
  • 15.3.3. Siemens AG
  • 15.3.4. Hitachi Energy Ltd
  • 15.3.5. Toshiba Energy Systems & Solutions Corporation
  • 15.3.6. Eaton Corporation plc
  • 15.3.7. Bloom Energy Corporation
  • 15.3.8. PowerSecure, Inc.
  • 15.3.9. GE Vernova Inc.
  • 15.3.10. S&C Electric Company

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer