Technology
Microgrid Market to Grow by USD 41.38 Billion from 2025-2029, Driven by Demand to Address Power Infrastructure Issues, Report on Market Evolution Powered by AI – Technavio – Technavio
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2 years agoon
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NEW YORK, Feb. 11, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global microgrid market size is estimated to grow by USD 41.38 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 16.4% during the forecast period. Growing demand for microgrids to tackle power infrastructure issues is driving market growth, with a trend towards rapid advances in technology. However, high implementation costs poses a challenge. Key market players include ABB Ltd, Anbaric Development Partners LLC, Canopy Power, Eaton Corp., Emerson Electric Co., Exelon Corp., General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL Solutions Inc..
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Forecast period
2025-2029
Base Year
2024
Historic Data
2019 – 2023
Segment Covered
Application (Remote, Institutions and campus, Military, and Others), Connectivity (Grid connected and Off-grid connected), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)
Region Covered
North America, APAC, Europe, South America, and Middle East and Africa
Key companies profiled
ABB Ltd, Anbaric Development Partners LLC, Canopy Power, Eaton Corp., Emerson Electric Co., Exelon Corp., General Electric Co., General MicroGrids, Gram Power (India) Pvt. Ltd., Honeywell International Inc., Pareto Energy, Power Analytics Global Corp., Powerhive Inc., S and C Electric Co., Schneider Electric SE, Siemens AG, Spirae LLC, Tesla Inc., TotalEnergies SE, and UL Solutions Inc.
Key Market Trends Fueling Growth
The electricity utility business is undergoing significant transformations with microgrids emerging as the new foundation of the electricity sector. Advancements in compact energy storage systems, advanced control systems, and efficient renewable power generation sources are enabling the creation of energy resources closer to consumers without compromising energy quality. The declining cost of power generation is driving the adoption of decentralized power systems like microgrids, which is expected to increase their popularity among consumers. Blockchain technology, known for its association with bitcoins, is being integrated into microgrid systems for peer-to-peer energy trading. For instance, Brooklyn Microgrid’s blockchain-based peer-to-peer energy trading system approved a 12-month pilot program in early 2020, allowing locals to buy and sell solar energy within the New York City region. This initiative empowers individuals with surplus energy to earn income, revolutionizing the microgrid industry. Current microgrid systems utilize several power electronic devices and energy sources while connected to the grid or in island mode. The US Department of Energy (DOE) has designated R&D programs to develop next-generation microgrids with a capacity of less than 10 MW, capable of reducing outage time by more than 98%, reducing emissions by over 20%, and improving system efficiency by more than 20%. The USD425 million allocated to the Advanced Research Projects Agency-Energy, USD2,848 million to the Energy Efficiency and Renewable Energy, USD750 million to Fossil Energy’s R&D programs, and USD190 million to the Office of Electricity are expected to foster new technologies, enabling microgrids to work in parallel with utility distribution grids and transition seamlessly to an autonomous power system mode. These technological advancements will accelerate microgrid adoption and potentially disrupt the traditional power sector. Collaboration between utilities on microgrid projects is also anticipated due to these developments. Consequently, these factors are projected to fuel the growth of the global microgrid market during the forecast period.
Microgrids are becoming a significant trend in the electric system, offering reliable electricity supply through renewable resources like wind, solar, and hydrogen. Smart microgrids are gaining popularity as power sources for regional electric grids, with prototypes using wind turbines, solar PV, and fuel cells. Hydraulic fracturing technology and diesel gensets are still used, but the shift is towards hybrid technology and distributed energy resources. Defense microgrids ensure energy security for defense bases and remote installations, including healthcare facilities and residential infrastructure. Energy storage systems reduce transmission losses and provide backup power for data centers, lighting, electronic goods, and public infrastructure like streetlights and traffic signals. The shift to microgrids reduces carbon footprint and decreases dependence on traditional fuel sources like diesel and fossil fuels.
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Market Challenges
Microgrids represent a complex and costly power generation solution, involving advanced technologies for power generation resources, distribution infrastructure, and control systems. These components are categorized as infrastructure, generation, and controls. The cost of building a microgrid varies significantly, ranging from USD250,000 to USD100 million, depending on the specific customer requirements. Integration with additional technologies to ensure platform functionality increases equipment production costs. In the US, microgrids must adhere to mandatory standards like IEEE 1547 and 2030 for interaction with local utility distribution grids and their energy management systems (EMS), distribution management systems (DMS), and supervisory control and data acquisition (SCADA) systems. The high cost of microgrid components is a significant challenge for the global microgrid market’s growth.Microgrids offer a solution to various challenges in the power sector, including rural electrification, grid instability, and urbanization. In remote areas, microgrids can provide reliable electricity using solar-powered water pumps and energy-efficient technologies. Grid resiliency is improved through the use of local energy communities, grid-connected assets, and sophisticated controllers. Microgrid project implementation requires system engineers, monitoring systems, and a microgrid financing scheme. Hybrid microgrids can combine generators like CHP systems, natural gas, diesel, and energy storage devices. Grid-connected connectivity ensures power quality and grid infrastructure stability. Remote energy management and smart control solutions enable efficient distribution networks and fuel consumption solutions. Microgrid topologies and micro-sources vary, with hybrid networks offering the greatest flexibility. Power producers and energy storage devices play crucial roles in this growing market.
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Segment Overview
This microgrid market report extensively covers market segmentation by
ApplicationRemoteInstitutions And CampusMilitaryOthersConnectivityGrid ConnectedOff-grid ConnectedGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa
1.1 Remote- Remote microgrids have become essential in villages and regions where grid-connected power is unavailable or intermittent. The average capacity of these microgrids ranges from 10 kW. Prospective markets include India, Indonesia, Bangladesh, and several African and Southeast Asian countries. Diesel generators remain a significant component of remote microgrids, but the declining cost of solar panels and advancements in energy storage are enabling clean energy microgrids to reach areas where grid investments are not feasible. Energy storage systems are added to microgrids to reduce fuel costs, meet peak loads, and improve diesel generator efficiency. The increasing demand for electricity in remote areas, outpacing the expansion rate of conventional grids, is driving the deployment of remote microgrids. These systems are self-sustaining and not connected to grids, employing standalone power sources such as diesel generators, solar, and wind energy. Energy storage systems store excess solar and wind energy, providing continuous and reliable power. Remote microgrids offer ancillary services, including frequency and load regulation, which benefit utilities by increasing the integration of renewable energy sources into the grid, fueling their growth during the forecast period.
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Research Analysis
Microgrids are local electric systems that can operate independently or in parallel with the main power grid, supplying electricity to a local community or organization. They are becoming increasingly popular as the integration of renewable resources into electric grids grows. Microgrids utilize various power generation sources, including wind energy, solar energy, hydrogen, fuel cells, and battery storage systems. They can also include dispersed energy resources such as microturbines, wind turbine generators, solar generators, and energy storage. Microgrids can be designed with various topologies, including hybrid microgrid networks, to manage peak loads and electrical networks more efficiently. Smart microgrids can link loads and micro-sources to optimize energy usage and ensure a reliable electricity supply. Solar PV and other renewable resources play a significant role in microgrid power generation, while energy storage solutions help manage fluctuations in supply and demand. Off-grid microgrids provide electricity to remote areas not connected to the main power grid.
Market Research Overview
The microgrid market encompasses the development, implementation, and operation of electric systems that can operate independently or in parallel with the main power grid. These electric systems utilize renewable resources such as wind, solar, hydrogen, and others as power sources. Microgrids offer energy security and resilience, particularly in remote locations and defense applications. Smart microgrids use sophisticated controllers and monitoring systems to optimize energy usage and ensure grid stability. Fuel cells and battery storage systems provide backup power and energy storage capabilities. Microgrids can also be integrated with distributed energy resources like solar panels, wind turbines, and hydropower generators. The market includes various grid projects, from small-scale residential infrastructure to large-scale defense bases and data centers. Microgrids can reduce carbon footprint by utilizing renewable energy sources and energy-efficient technologies. The market also includes grid infrastructure development projects, rural electrification, and urbanization initiatives. Microgrids can help mitigate grid instability and congestion, making them an essential component of modern energy systems.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ApplicationRemoteInstitutions And CampusMilitaryOthersConnectivityGrid ConnectedOff-grid ConnectedGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Technology
Axon Announces Body 5: Next-Generation Camera Built for the AI Era
Published
3 hours agoon
October 24, 2026By
Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field
SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.
For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.
“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”
Axon Body 5: Built for the AI Era
Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day.
For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.
Both models feature several key advancements, including:
25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.
The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:
A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.
Bringing More of Axon’s AI Era Into the Field
Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.
Increasingly, Axon is also bringing AI into real-time operations.
Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:
Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.
Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.
Innovating Responsibly
Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.
General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.
About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility.
Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.
Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.
Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com
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SOURCE Axon
Technology
In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design
Published
4 hours agoon
October 24, 2026By
The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.
ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.
The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.
The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.
Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.
The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.
Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.
Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.
Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.
The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.
As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.
A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.
About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.
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SOURCE HelloNation
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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang
Published
5 hours agoon
October 24, 2026By
WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:
On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.
He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.
With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.
Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.
This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.
Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.
In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.
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SOURCE China Daily
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