Remote Microgrid Market Size

Remote Microgrid Market size is evaluated at USD 8.8 billion in 2024 and is poised to exceed USD 97.2 billion by the end of 2037, registering over 20.2% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of remote microgrid is estimated at USD 10.6 billion. The robust market growth is attributed to rising demands for reliable energy solutions in remote and rural areas. Owing to a global focus on renewable energy, which usually powers remote microgrids, the cost of operations has reduced boosting the demand for alternative energy solutions.

The global concern about climate change has surged over the years, with national governments and international bodies renewing their focus on curbing the strain on non-renewable resources; remote microgrids provide a viable solution owing to use of solar, wind, and biomass to power them. The Sustainable Development Goal 7 (SDG7) of the United Nations promotes universal access to affordable renewable energy and aims to double energy efficiency by 2030. The SDG goals are pushing for investments in the renewable energy sector, which boosts the global remote market by providing incentives to key market players in setting up remote microgrids. For instance, in April 2020, the United Nations Development Program (UNDP) designed and implemented a low-cost solar microgrid solution that cut down energy costs by 65%. Additionally, rising adoption of smart grid technologies and integration of energy storage systems boosts the reliability of remote microgrids, facilitating the inflow of more investments.

The demand for energy independence has witnessed a surge in regions with limited access to centralized power grids. Emerging economies in Africa and Southeast Asia, where many communicate do not have access to national grids, are pushing for demands. Additionally, island nations also demand for remote microgrids to reduce dependence on imported fossil fuels. The trend is visible in mining, oil, and gas industries where remote microgrids offer solutions to operational continuity in challenging regions. The market is positioned to provide opportunities for technological advancements, such as integrating energy storage and smart grid solutions, and collaborations with international organizations such as the UNDP to install and operate microgrids. With the global shift towards clean energy accelerating, the remote microgrids are poised to play a crucial role and continue the rapid growth of the remote microgrid market by the end of the forecast period.