Nanogrid Market
Nanogrid Market Forecasts to 2032 - Global Analysis By Type (Grid-Tied Nanogrids (On-Grid), Off-Grid Nanogrids and Hybrid Nanogrids), Component, Power Source, Function, Application and By Geography
According to Stratistics MRC, the Global Nanogrid Market is accounted for $18.8 billion in 2025 and is expected to reach $32.6 billion by 2032 growing at a CAGR of 8.2% during the forecast period. Nanogrid is a compact, localized energy system that facilitates the production, distribution, and management of electricity within a confined area, such as a residence, building, or facility. It can function independently or in coordination with the primary power grid, providing flexibility and resilience in energy consumption. Nanogrids often incorporate renewable energy sources like solar panels and energy storage solutions, ensuring optimized efficiency and reliability. Equipped with intelligent control mechanisms, they allow users to monitor and regulate energy usage seamlessly. They are increasingly valued for promoting energy independence, lowering costs, and enabling sustainable energy management practices.
According to department for Energy Security and Net Zero in 2023, the U.K. government announced that it would add USD 7.86 million to its renewable energy subsidies, bringing the total budget for the current auction to USD 282 million.
Market Dynamics:
Driver:
Increasing adoption of solar and wind energy systems
Nanogrids offer an efficient way to manage and distribute clean energy generated from these sources, especially in remote or off-grid areas. The modular nature of nanogrids makes them highly compatible with distributed renewable energy installations, enabling users to reduce dependence on centralized power systems. Furthermore, the growing affordability and accessibility of solar panels and wind turbines have made it economically feasible to deploy nanogrids on a broader scale further accelerating the market growth.
Restraint:
Installation of nanogrids involves significant investment
High upfront costs for equipment such as inverters, energy storage systems, and advanced control technologies often deter small-scale users and businesses with limited budgets. Additionally, integrating nanogrids with existing infrastructure requires specialized design, skilled labor, and regulatory approvals, which can further increase project timelines and expenses. In regions where conventional energy is heavily subsidized, the return on investment for nanogrid systems may not appear immediately attractive, limiting their uptake.
Opportunity:
Shift toward decentralized energy solutions
Nanogrids are uniquely positioned to serve these needs by offering tailored, scalable solutions that can operate independently or in conjunction with the main grid. This flexibility is particularly advantageous for rural electrification programs, disaster-prone zones, military bases, and campuses where uninterrupted power is critical. Advances in digital control systems, battery storage, and smart metering are further enhancing the performance and appeal of nanogrid installations.
Threat:
Changes in energy policies and regulations
Frequent changes in government regulations related to renewable energy incentives, emissions standards, and grid interconnection can create uncertainty for stakeholders. Inconsistent policies across different regions may limit large-scale adoption of nanogrids, especially in markets with weak regulatory enforcement. Moreover, competition from larger-scale energy systems, such as microgrids, which offer similar benefits but serve broader applications, can overshadow the growth of nanogrids.
Covid-19 Impact:
The COVID-19 pandemic brought mixed impacts to the nanogrid market, disrupting supply chains and delaying project implementations. Manufacturing shutdowns affected the availability of key components such as batteries and inverters, while travel restrictions slowed installation activities. However, the pandemic also underscored the importance of resilient and self-sufficient energy systems, driving renewed interest in nanogrids for remote and critical applications.
The grid-tied nanogrids (on-grid) segment is expected to be the largest during the forecast period
The grid-tied nanogrids (on-grid) segment is expected to account for the largest market share during the forecast period due to its ability to operate in tandem with centralized power grids. On-grid nanogrids enhance energy reliability by leveraging both renewable and conventional energy sources, ensuring continuous power availability. These systems are widely preferred in urban and semi-urban areas, where grid connectivity is already established but requires supplementary support for efficiency. Technological advancements in grid-interactive controllers and energy management systems contribute to the growth of this market.
The energy generation segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the energy generation segment is predicted to witness the highest growth rate driven by the increasing use of renewable energy sources in nanogrid applications. The adoption of solar panels and wind turbines for localized energy production aligns with global trends toward sustainability and energy independence. This segment benefits from continuous innovation in renewable energy technologies, such as high-efficiency photovoltaic cells and small-scale wind turbines.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share driven by rapid urbanization, industrialization, and increasing investments in renewable energy projects. Countries such as China, India, and Japan are at the forefront of deploying nanogrids to enhance energy access in remote and underserved regions. Favorable government policies, such as subsidies for renewable energy installations and grid modernization initiatives, contribute to market growth in the region.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR owing to its strong emphasis on clean energy adoption and decentralized power systems. The region’s advanced technological infrastructure supports the rapid deployment of innovative nanogrid solutions across residential, commercial, and industrial applications. Government initiatives, such as tax incentives and grants for renewable energy systems, further promote the adoption of nanogrids.
Key players in the market
Some of the key players in Nanogrid Market include Alpha Group, Eaton Corporation plc, Emerson Network Power, Flexenclosure AB, Greensmith Energy Management Systems, Moixa Technology, NRG Energy, Odyne Systems, Power Generation Services, Robert Bosch GmbH, Siemens, Sol Lux Alpha, Sunverge Energy Inc., TimberRock Energy Solutions, Trama TechAmbiental, VIA Motors and Village Infrastructure.
Key Developments:
In March 2025, NRG Energy invested $2.5 million in Equilibrium Energy, a company specializing in artificial intelligence (AI) for energy portfolio optimization. This strategic move aims to address challenges in grid stability caused by factors such as load growth and the integration of renewable energy sources.
In December 2022, Emerson collaborated with Purdue University to automate its Nanogrid House, a project aimed at enhancing energy efficiency in residential settings. Utilizing Emerson's Ovation™ software, the house can seamlessly switch between alternating current (AC) and direct current (DC) power.
Types Covered:
• Grid-Tied Nanogrids (On-Grid)
• Off-Grid Nanogrids
• Hybrid Nanogrids
Components Covered:
• Control Systems
• Distribution Systems
• Gateway
• Other Components
Power Sources Covered:
• Solar
• Wind
• Other Power Sources
Functions Covered:
• Energy Generation
• Energy Storage
• Power Supply Nanogrids
• Energy Management Nanogrids
• Other Functions
Applications Covered:
• Residential
• Commercial
• Industrial
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Nanogrid Market, By Type
5.1 Introduction
5.2 Grid-Tied Nanogrids (On-Grid)
5.3 Off-Grid Nanogrids
5.4 Hybrid Nanogrids
6 Global Nanogrid Market, By Component
6.1 Introduction
6.2 Control Systems
6.3 Distribution Systems
6.4 Gateway
6.5 Other Components
7 Global Nanogrid Market, By Power Source
7.1 Introduction
7.2 Solar
7.3 Wind
7.4 Other Power Sources
8 Global Nanogrid Market, By Function
8.1 Introduction
8.2 Energy Generation
8.3 Energy Storage
8.4 Power Supply Nanogrids
8.5 Energy Management Nanogrids
8.6 Other Functions
9 Global Nanogrid Market, By Application
9.1 Introduction
9.2 Residential
9.3 Commercial
9.4 Industrial
9.5 Other Applications
10 Global Nanogrid Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Alpha Group
12.2 Eaton Corporation plc
12.3 Emerson Network Power
12.4 Flexenclosure AB
12.5 Greensmith Energy Management Systems
12.6 Moixa Technology
12.7 NRG Energy
12.8 Odyne Systems
12.9 Power Generation Services
12.10 Robert Bosch GmbH
12.11 Siemens
12.12 Sol Lux Alpha
12.13 Sunverge Energy Inc.
12.14 TimberRock Energy Solutions
12.15 Trama TechAmbiental
12.16 VIA Motors
12.17 Village Infrastructure
List of Tables
1 Global Nanogrid Market Outlook, By Region (2024-2032) ($MN)
2 Global Nanogrid Market Outlook, By Type (2024-2032) ($MN)
3 Global Nanogrid Market Outlook, By Grid-Tied Nanogrids (On-Grid) (2024-2032) ($MN)
4 Global Nanogrid Market Outlook, By Off-Grid Nanogrids (2024-2032) ($MN)
5 Global Nanogrid Market Outlook, By Hybrid Nanogrids (2024-2032) ($MN)
6 Global Nanogrid Market Outlook, By Component (2024-2032) ($MN)
7 Global Nanogrid Market Outlook, By Control Systems (2024-2032) ($MN)
8 Global Nanogrid Market Outlook, By Distribution Systems (2024-2032) ($MN)
9 Global Nanogrid Market Outlook, By Gateway (2024-2032) ($MN)
10 Global Nanogrid Market Outlook, By Other Components (2024-2032) ($MN)
11 Global Nanogrid Market Outlook, By Power Source (2024-2032) ($MN)
12 Global Nanogrid Market Outlook, By Solar (2024-2032) ($MN)
13 Global Nanogrid Market Outlook, By Wind (2024-2032) ($MN)
14 Global Nanogrid Market Outlook, By Other Power Sources (2024-2032) ($MN)
15 Global Nanogrid Market Outlook, By Function (2024-2032) ($MN)
16 Global Nanogrid Market Outlook, By Energy Generation (2024-2032) ($MN)
17 Global Nanogrid Market Outlook, By Energy Storage (2024-2032) ($MN)
18 Global Nanogrid Market Outlook, By Power Supply Nanogrids (2024-2032) ($MN)
19 Global Nanogrid Market Outlook, By Energy Management Nanogrids (2024-2032) ($MN)
20 Global Nanogrid Market Outlook, By Other Functions (2024-2032) ($MN)
21 Global Nanogrid Market Outlook, By Application (2024-2032) ($MN)
22 Global Nanogrid Market Outlook, By Residential (2024-2032) ($MN)
23 Global Nanogrid Market Outlook, By Commercial (2024-2032) ($MN)
24 Global Nanogrid Market Outlook, By Industrial (2024-2032) ($MN)
25 Global Nanogrid Market Outlook, By Other Applications (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
