In a DC microgrid, droop control is the most common and widely used strategy for managing the power flow from sources to loads. Conventional droop control has some limitations such as poor voltage regulation and improper load sharing between converters during unequal source voltages, different cable resistances, and load variations. This paper addressed the limitations of conventional droop control by proposing a simple adaptive droop control technique. The proposed adaptive droop control method was designed based on mathematical calculations, adjusting the droop parameters accordingly. The primary objective of the proposed adaptive droop controller was to improve the performance of the low-voltage DC microgrid by maintaining proper load sharing, reduced circulating current, and better voltage regulation. The effectiveness of the proposed methodology was verified by conducting simulation and experimental studies.