A Microgrid is a group of interconnected loads and distributed energy resources within clearly defined electrical boundaries that acts as a single controllable entity with respect to the grid. A Microgrid can connect and disconnect from the grid to enable it to operate in both grid-connected or island-mode.

Global Microgrid Market By Grid Type (AC Microgrid, DC Microgrid, and Hybrid), By Connectivity (grid connected and remote/island), BY Offering (Hardware, Software, And Services), By Vertical (Healthcare, Educational Institutions, Industrial, Military, and Electric Utility), By Power Source (Natural Gas, Combined Heat and Power, Diesel, Solar, Fuel Cells, And Others),and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Industry Trends and Forecast to 2025

Global Microgrid market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The increased demand of automated grid systems, reduction in carbon footprint, advancement in microgrid connectivity by integration of IOT, and benefits of low cost and clean energy storage is the prominent factors driving the growth of this market.

Market Segmentation: Global Microgrid Market

Key Drivers: Global Microgrid Market

Key Points: Global Microgrid Market

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