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IMARC Group's report titled "Microgrid Market Report by Energy Source (Natural Gas, Combined Heat and Power, Solar Photovoltaic (PV), Diesel, Fuel Cell, and Others), Application (Remote Systems, Institution and Campus, Utility/Community, Defence, and Others), and Region 2024-2032". The global microgrid market size reached US$ 32.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 74.5 Billion by 2032, exhibiting a growth rate (CAGR) of 9.5% during 2024-2032.
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The latest report by IMARC Group, titled “Microgrid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global microgrid market trends. The global microgrid market size reached US$ 28.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.14 Billion by 2028, exhibiting a growth rate (CAGR) of 10.89% during 2023-2028.
A microgrid is a localized ener...
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