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Tag: Microgrid Market

Microgrid Market Size is Expected to Hit $59.74 Billion by 2030

Microgrid Market Size is Expected to Hit $59.74 Billion by 2030

According to a new report published by Allied Market Research, titled, “Microgrid Market by Connectivity (Grid Connected and Off-grid Connected), Type (AC Microgrids, DC Microgrids, and Hybrid) and End User (Commercial & Industrial, Government, Healthcare, Remote, Utility, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030,” the microgrid market size was valued at $15.88 billion in 2020, and is projected to reach at $59.74 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030. Increase in demand…

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Microgrid Market Size to Reach at $59.74 Billion by 2030 | 14.9% CAGR

Microgrid Market Size to Reach at $59.74 Billion by 2030 | 14.9% CAGR

According to a new report published by Allied Market Research, titled, “Microgrid Market by Connectivity, Type, and End Use: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the microgrid market size was valued at $15.88 billion in 2020, and is projected to reach at $59.74 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030. Increase in demand in remote areas and backup for military bases and stringent government initiatives to reduce carbon footprints. However, high installation and maintenance…

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