Global Microgrid Market Overview

Global Microgrid Market is expected to witness significant growth over the coming years owing to the ongoing shift from conventional power stations toward distributed energy. The rising demand for uninterrupted power supply and resilient power infrastructure has paved the way for the growth of the microgrid market globally. Also, microgrids use the renewable energy mix for power generation, which would help governments and enterprises across the globe to achieve the target to reduce global carbon footprint which further beholds the Microgrid Market Growth.

According to 6Wresearch, the Global Microgrid Market size is projected to grow at a CAGR of 9.3% during 2019–2025. Governments across several countries are actively working towards higher adoption of microgrids for power generation. Several initiatives have been taken by various governments such as Smart Power Infrastructure Demonstration for Energy Reliability and Security (SPIDERS) program has augmented the large-scale deployment of microgrids in the USA military sector and the Clean Power Plan would further strengthen the deployment of microgrids in the USA. In China and India, the respective governments have given emphasis to the adoption of microgrids for electricity generation with the launch of programs such as China’s Thirteenth Five Year Plan for Electricity Development and the National Smart Grid Mission of India.

Global Microgrid Market growth conventional power stations towards distributed energy. The rising demand for uninterrupted power supply and resilient power infrastructure has paved the way for the growth of the microgrid market globally. microgrids use the energy to mix for power generation this will help the governments and enterprises to achieve the global target to reduce global carbon footprint.

Key Highlights of the Reports:-

• Global Microgrid Market Overview
• Global Microgrid Market Outlook
• Global Microgrid Market Forecast
• Market Drivers & Restraints
• Global Microgrid Markets and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• Global Microgrid Market Shares, By players
• Global Microgrid Market Trends
• Global Microgrid Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

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