A microgrid is not a single technology, but rather a system of systems that can be applied by multiple stakeholders in diverse regions of the world. The associated vendor pool numbers in the hundreds, if not more. Navigant Research was the first to size this market opportunity in 2009 and has continually refined its modeling approach. This report represents the culmination of data collection, insights derived from interviews, and models updated with the latest cost data on the distributed energy resources (DER) that underpin microgrid networks. Significant barriers remain for microgrids to be considered a standard option for adding new capacity and other energy-related services across global markets. Nevertheless, there are certain application segments located within specific geographies where microgrids can make economic sense. Sometimes these deployments depend on government incentives or other sources of supplemental funding. Yet the number of microgrids that are being deployed without the help of government grants and incentives is growing. The largest microgrid market today is Asia Pacific, displacing North America for the first time. By the end of the 10-year forecast, these two regions are expected to switch places, with North America in the lead again. According to Navigant Research, global microgrid capacity is expected to grow from 1.4 GW in 2015 to 7.6 GW in 2024 under a base scenario. This Navigant Research report aggregates data on seven primary microgrid segments (including two subsegments) across five regions. The study analyzes the entire microgrid market in terms of total annual and cumulative capacity and implementation revenue attached to the underlying assets. Different scenari's for cumulative implementation revenue based on assumptions of percentages of legacy versus new assets are provided, as well. The report also presents three different forecast scenari's (conservative, base, and aggressive) for the entire microgrid market.