Microgrid Market Share, Size, Global Trends, Forecast Till 2030 – Delvens

The global Microgrid Market size is projected to reach a CAGR of 18.7% from 2023-2030.

A microgrid is a self-reliant, localized energy system that serves a specific area including a hospital complex, college campus, and business centers. It can operate autonomously without any support from a centralized grid. A smart microgrid can also function when connected to the main grid and even when it is not connected to the main grid, it acts as an electrical island. It helps in the reduction of harmful emissions resulting in optimal use of renewable resources, improved efficiency, and long-term predictable energy cost.