Share this article Share this article ResearchAndMarkets.com's offering. The global microgrid market is expected to grow with a CAGR of 12% from 2019 to 2024. The future of the microgrid market looks promising with opportunities in the healthcare, educational institutions, industrial, military, and electric utility industries. The major drivers for this market are growing demand for automated grid system, increasing awareness to reduced carbon footprint, enhancement in microgrid connectivity through integration of IoT, and advantages of low-cost and clean energy storage. Some of the microgrid companies profiled in this report include ABB, General Electric, Eaton, Siemens, Schneider Electric, Honeywell, Homer Energy, S&C Electric, Power Analytics, and Exelon Corporation.