Microgrid Market Projected to reach $63.2 billion by 2027
Microgrid Market size is estimated to be USD 26.9 billion in 2022 and is projected to reach USD 63.2 billion by 2027, at a CAGR of 18.6% during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917 Several main reasons are predicted to generate significant growth in the microgrid industry in the near future. One of the key factors is the growing emphasis on decarbonization as end users and governments strive to minimise their carbon footprints and shift to more sustainable energy sources. Furthermore, there is an increasing demand for dependable and continuous power delivery, particularly in locations where grid infrastructure is unstable or non-existent. This has resulted in an increase in the usage of microgrids for rural electrification, allowing underprivileged communities to get access to energy. Finally, increased government attempts to stimulate microgrid construction are projected to drive sector growth. Overall, these element