KGH RESEARCH & ADVISORY

Smart Grids

Smart Grid Market

Market Overview: The global smart grid market was valued at approximately USD 75 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2032 to reach USD 233 billion by 2032.

Virtual Power Plant Market Report

Market Overview: The global virtual power plant market was valued at approximately USD 2.0 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 21.1% from 2025 to 2032.

Micro Grid Market

Market Overview: The global microgrid market was valued at approximately USD 40 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 16.7% from 2025 to 2032. The microgrid market is driven by increasing need for reliable, resilient, and decentralized energy systems. One of the primary drivers is the rising frequency of power outages and natural disasters,