The global Microgrid market is estimated to expand at 12.10% CAGR during the forecast period.
A microgrid is a small-scale power supply network designed to provide power for a relatively small group of end-users. It consists of interconnected loads and distributed energy resources within clearly defined electrical boundaries that act as a single controllable entity with respect to the main grid. Moreover, microgrids can function when ... Read more
The global microgrid market is predicted to register a healthy growth at a notable 12.10% CAGR over the estimated years (2018-2023). A microgrid is a smaller grid which can operate in conjunction with the utility’s macro-grid or autonomously. Rather than serving the whole city, microgrids support single users, areas which cover large universities and areas having a few houses. Microgrids operate and also comprise of similar mechanics as that ... Read more