Microgrid Market Insights: In 2021, the microgrid market was estimated to be worth USD 20.32 billion. The microgrid market is expected to expand at a compound annual growth rate (CAGR) of 12.24% between 2022 and 2030, from USD 24.76 billion in 2022 to USD 60.25 billion. Some of the factors propelling the growth of the microgrid market are the increasing need for improved technology for power...

Market future research insights: Microgrids are localized grids that can connect to and disconnect from traditional utility grids to provide better reliability and grid resilience. They are typically composed of distributed energy resources (DERs) such as solar panels, wind turbines, batteries, and energy storage systems. Microgrids can operate in grid-connected or islanded mode, depending on...