Microgrid Market Size, Analysis, Competitive Landscape, And
Segment Forecasts, 2014-2025
“The global microgrid market is expected to reach USD 17.51 billion by 2025,
growing at a CAGR of 17.0%, according to a new report by Market Research,
The global Microgrid Market is expected to reach USD 17.51 billion by 2025, growing at a CAGR of 17.0%,
according to a new report by Market Research, Inc. The improvement in manufacturing sectors of emerging
markets including Mexico, China and India as a result of favorable government policies to attract investments
is expected to promote market growth.
Microgrid differs from conventional electrical distribution system as it acts a close proximity medium between
the power generation and power consumption sources which results in increasing efficiency and reducing
transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as
well as automatic self-healing operations.
Rising importance of captive electricity generation as a key alternative to the regulated power supply by
municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact.
Browse Detail Report With TOC @ https://www.hexareports.com/report/microgrid-market