Global Microgrid Market Size, Share, Trends, Growth, and Industry Analysis, By Capacity (Less than 5 MW, 5 MW – 10 MW, 10 MW – 20 MW, 20 MW – 50 MW, and Above 50 MW), By Power Source (Diesel Generators, Natural Gas, Solar PV, CHP), By Application (Educational Institutes, Remote Areas, Military, Utility Distribution, Commercial & Industrial, and Others) Regional Analysis, Competitor Analysis and Forecast 2024-2032.
Global Microgrid market size was USD 71.62 billion in 2023 and the market is projected to touch USD 243.25 billion by 2032, at a CAGR of 14.55% during the forecast period. A microgrid is a small, localized power system that can function independently or in tandem with the main electrical grid. It often incorporates a…