According to 6Wresearch, Global Microgrid Market is expected to grow at a CAGR of 9.3% during 2019-25. Microgrids involve distributed sources of energy, especially renewable such as solar, wind and geothermal energy, providing an option for reducing the global carbon footprint. Renewable energy sources are projected to account for almost 50% of the overall generation by 2035 and global electricity consumption is expected to double by 2050. As a result, microgrids are anticipated to witness significant growth during the forecast period.
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"Global Microgrid Market (2019-2025)" report provides an in-depth analysis with 120 above figures covered in more than 350 pages. The report estimates and forecast the overall global microgrid market by types, applications and regions that include North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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