Leading the Way: Americas Spearhead Growth in the Global Microgrid Market to 2028
DUBLIN, Sept. 4, 2023 /PRNewswire/ -- The "Microgrid Market by Connectivity (Grid Connected, Off-grid), Offering (Hardware (Controllers, Energy Storage), Software, Services), End User, Type, Power Source, Power Rating (Below 1 MW, 1-5 MW, 5-10 MW) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global microgrid market is poised for remarkable growth, with a projected trajectory from USD 31.5 billion in 2023 to USD 79.0 billion by 2028, indicating an impressive compound annual growth rate (CAGR) of 20.1% throughout the forecast period.
Key Market Drivers:
Several driving factors, including decarbonization efforts, rural electrification initiatives, resilience requirements, and cybersecurity concerns, underpin the promising growth potential of the microgrid market. Opportunities stemming from government initiatives, technological advancements, electric vehicle integration, management of distributed energy resources, and expansion across industrial and commercial sectors are key contributors to this robust growth.
Case Study Analysis:
For more information about this report visit https://www.researchandmarkets.com/r/5wjcyg
SOURCE Research and Markets
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