Asia Pacific Grid Connected Microgrid Market Size, Growth and Analysis 2034
Asia Pacific Grid Connected Microgrid Market Size- By Grid Type, By Power Source, By Storage Device, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: POAE25173 | Pages: 1 - 236 | Formats*: |
| Category : Power & Energy | |||
Asia Pacific Grid Connected Microgrid Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Grid Connected Microgrid Market is estimated to reach USD 63.2 billion by 2034 with a CAGR of 27.95%.
The report includes an in-depth analysis of the Asia Pacific Grid Connected Microgrid Market, including market size and trends, product mix, Applications, and supplier analysis. The Asia Pacific Grid Connected Microgrid Market was valued at USD 5.37 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 27.95% between 2025 and 2034. A microgrid is a localized energy system capable of operating both connected to the main grid and independently in island mode. It integrates renewable energy, storage systems, and smart grid technologies to optimize energy use. Rising demand for resilient, reliable energy—especially in remote or underserved areas—along with increasing grid disruptions is driving market growth. Supportive government policies, grid modernization, and renewable energy initiatives further accelerate deployment. Technological advancements in digitalization, IoT, and energy storage enhance system efficiency and affordability. The rise of distributed energy resources and electric vehicles, combined with a growing focus on sustainability, continues to reshape the energy landscape.
By Grid Type:
Based on grid type, the AC grid segment is expected to witness significant growth in the coming years. The increasing demand for reliable and resilient power supply solutions, particularly in urban areas, will drive the adoption of AC grids. Their ability to minimize transmission losses makes them more efficient than DC grids for delivering electricity over long distances, especially across large and geographically diverse regions. This efficiency advantage will continue to support the expansion of the AC grid segment and contribute to the overall development of the energy sector.
By Power Source Insights:
Based on power source, the diesel generator segment is expected to witness strong growth in the coming years, driven by its suitability for remote or off-grid areas with limited or unreliable grid access. Diesel generators are valued for their reliability, rapid startup, and ability to function independently of weather conditions, making them essential in many applications. Ongoing technological advancements have resulted in more efficient and environmentally friendly models, helping to address sustainability concerns and further boosting their adoption across various sectors. This will contribute to the continued expansion of the diesel generator market within the broader energy landscape.
Regional Insights
China has established a leading position in the Asia Pacific grid-connected microgrid market. The primary demand is found in industrial parks, logistics centers, and electric vehicle production areas. DC-linked storage systems are installed alongside rooftop solar installations. Procurement teams utilize government-operated digital bidding platforms to choose lithium-iron systems and bidirectional inverters. Power utilities are evaluating microgrid clusters for the purpose of localized grid balancing. Municipal areas incorporate demand forecasting APIs within their system architecture. The integration process is synchronized with variable pricing intervals and frequency reserve pooling.
Market Competitive Landscape
The Asia Pacific Grid Connected Microgrid Market is moderately fragmented. Some key players are- Advanced Energy Industries, ABB, Emerson, Eaton, FlexGen, General Electric, Hitachi Energy Ltd., Lockheed Martin Corporation, PowerSecure, Princeton Power Systems, S&C Electric Company, Siemens AG, Schneider Electric, Tesla.
Recent Developments:
- In March 2024, Energy Vault integrated its first commercial EVx gravity-based energy storage system into China’s grid with the 25MW/100MWh Rudong project. Announced in February, this milestone marks the company’s entry into grid-scale storage, with three more projects totaling 468MWh underway.
- In March 2021, Delhi’s Power Minister and Tata Power-DDL launched India’s first grid-connected community energy storage system. Though smaller than global systems, it supports the local grid and community needs.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Grid Type, By Power Source, By Storage Device, By Application |
| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia-Pacific |
| Companies Covered | Advanced Energy Industries, ABB, Emerson, Eaton, FlexGen, General Electric, Hitachi Energy Ltd., Lockheed Martin Corporation, PowerSecure, Princeton Power Systems, S&C Electric Company, Siemens AG, Schneider Electric, Tesla. |
Key Topics Covered in the Report
- Asia Pacific Grid Connected Microgrid Market Size (FY’2021-FY’2034)
- Overview of Asia Pacific Grid Connected Microgrid Market
- Segmentation of Asia Pacific Grid Connected Microgrid Market By Grid Type (AC, DC, Hybrid)
- Segmentation of Asia Pacific Grid Connected Microgrid Market By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP, Others)
- Segmentation of Asia Pacific Grid Connected Microgrid Market By Storage Device (Lithium-ion, Lead Acid, Flow Battery, Flywheels, Others)
- Segmentation of Asia Pacific Grid Connected Microgrid Market By Application (Healthcare, Educational Institutes, Military, Utility, Industrial/ Commercial, Remote, Others)
- Statistical Snap of Asia Pacific Grid Connected Microgrid Market
- Expansion Analysis of Asia Pacific Grid Connected Microgrid Market
- Problems and Obstacles in Asia Pacific Grid Connected Microgrid Market
- Competitive Landscape in the Asia Pacific Grid Connected Microgrid Market
- Details on Current Investment in Asia Pacific Grid Connected Microgrid Market
- Competitive Analysis of Asia Pacific Grid Connected Microgrid Market
- Prominent Players in the Asia Pacific Grid Connected Microgrid Market
- SWOT Analysis of Asia Pacific Grid Connected Microgrid Market
- Asia Pacific Grid Connected Microgrid Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Asia Pacific Grid Connected Microgrid Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Grid Connected Microgrid Market
7. Asia Pacific Grid Connected Microgrid Market, By Grid Type (USD Million) 2021-2034
- 7.1. AC
- 7.2. DC
- 7.3. Hybrid
8. Asia Pacific Grid Connected Microgrid Market, By Power Source (USD Million) 2021-2034
- 8.1. Diesel Generators
- 8.2. Natural Gas
- 8.3. Solar PV
- 8.4. CHP
- 8.5. Others
9. Asia Pacific Grid Connected Microgrid Market, By Storage Device (USD Million) 2021-2034
- 9.1. Lithium-ion
- 9.2. Lead Acid
- 9.3. Flow Battery
- 9.4. Flywheels
- 9.5. Others
10. Asia Pacific Grid Connected Microgrid Market, By Application (USD Million) 2021-2034
- 10.1. Healthcare
- 10.2. Educational Institutes
- 10.3. Military
- 10.4. Utility
- 10.5. Industrial/ Commercial
- 10.6. Remote
- 10.7. Others
11. Asia Pacific Grid Connected Microgrid Market, (USD Million) 2021-2034
- 11.1. Asia Pacific Grid Connected Microgrid Market Size and Market Share
12. Asia Pacific Grid Connected Microgrid Market, By Region, (USD Million) 2021-2034
- 12.1. Australia
- 12.2. China
- 12.3. India
- 12.4. Japan
- 12.5. South Korea
- 12.6. Rest of Asia-Pacific
13. Company Profile
- 13.1. Advanced Energy Industries
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. ABB
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Emerson
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Eaton
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. FlexGen
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. General Electric
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. Hitachi Energy Ltd.
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Lockheed Martin Corporation
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. PowerSecure
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Princeton Power Systems
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. S&C Electric Company
- 13.11.1. Company details
- 13.11.2. Financial outlook
- 13.11.3. Product summary
- 13.11.4. Recent developments
- 13.12. Siemens AG
- 13.12.1. Company details
- 13.12.2. Financial outlook
- 13.12.3. Product summary
- 13.12.4. Recent developments
- 13.13. Schneider Electric
- 13.13.1. Company details
- 13.13.2. Financial outlook
- 13.13.3. Product summary
- 13.13.4. Recent developments
- 13.14. Tesla
- 13.14.1. Company details
- 13.14.2. Financial outlook
- 13.14.3. Product summary
- 13.14.4. Recent developments
- 13.15. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Grid Connected Microgrid Market is projected to reach USD 63.2 billion by 2034, growing at a CAGR of 27.95% during the forecast period.
Asia Pacific Grid Connected Microgrid Market grew in Market size from 2025. The Market is expected to reach USD 63.2 billion by 2034, at a CAGR of 27.95% during the forecast period.
Asia Pacific Grid Connected Microgrid Market CAGR of 27.95% during the forecast period.
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Asia Pacific Grid Connected Microgrid Market size is USD 63.2 billion from 2025 to 2034.
Asia Pacific Grid Connected Microgrid Market is covered By Grid Type, By Power Source, By Storage Device, By Application
China is anticipated to have the highest Market share in the Asia Pacific Grid Connected Microgrid Market.
Advanced Energy Industries, ABB, Emerson, Eaton, FlexGen, General Electric, Hitachi Energy Ltd., Lockheed Martin Corporation, PowerSecure, Princeton Power Systems, S&C Electric Company, Siemens AG, Schneider Electric, Tesla.
The report includes an in-depth analysis of the Asia Pacific Grid Connected Microgrid Market, including market size and trends, product mix, Applications, and supplier analysis
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