A new Transparency Market Research report states that the global microgrid market stood at US.8 bn in 2013 and is expected to reach US.1 bn by 2020. It is expected to expand at a whopping CAGR of 20.70 % between 2014 and 2020. The title of the report is “Microgrid Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020”.