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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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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..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

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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Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

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CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

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Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

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As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

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SOURCE Beko

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JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

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HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

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SOURCE Just Global Markets Ltd

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