DC Microgrid Market Size

DC Microgrid Market size was USD 7.2 billion in 2024 and is estimated to reach USD 81.4 billion by the end of 2037, expanding at a CAGR of 20.6% during the forecast period, i.e., 2025-2037. In 2025, the industry size of DC microgrid is evaluated at USD 8.6 billion.

The rise in the adoption of renewable energy sources such as wind, hydropower, and solar are significantly boosting the DC microgrid market growth. The inherent nature of DC power manages current from renewable sources, effectively mitigating the conversion loss. The residential and commercial spaces are increasingly adopting DC microgrids powered by solar panels. In these technologies, the solar systems directly charge energy storage systems (batteries) or DC loads without the need for an AC-to-DC conversion, making them more efficient and cost-effective.

The increasing prices of fossil fuel energy sources are driving governments across the world to adopt renewable energy sources. For instance, according to the International Energy Agency report, the global renewable energy capacity is set to increase by over 60% from 2020 levels to over 4,800 GW by 2026. Solar photovoltaics (PV) are the powerhouses contributing to the increasing renewable energy capacity. Also, the strict environmental regulations and net-zero carbon emission goals are contributing to the DC microgrid sales growth.