Microgrid Market: Market Shares, Trends, Top Key Players, Industry Overview and Global Forecast to 2023
The microgrid market is expected to grow from USD 22.22 billion in 2018 to USD 39.10 billion by 2023, at a CAGR of 11.97% between 2018 and 2023. Increasing demand for reliable and secure power supply worldwide; widespread industrialization and population growth fueling demand for energy storage systems; government initiatives to reduce carbon footprint; the convergence of IoT in enhancing microgrid...
Smart Grid Market Provides Ongoing Smart Cities and Smart Meter roll-out Projects Globally
Smart grid integrates and coordinates the flow of energy from generation, distribution, and transmission for the ease of utilities. It optimizes the energy daily, and also has facilities for managing power during incidents, events, and outages.
Government policies and legislative mandates, and regional government initiatives for smart meter roll-outs under smart cities models are some of the driving...