Microgrid Market Research: Exploring User Needs and Market Gaps The global microgrid market was valued at USD 76.88 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. The increasing power demand in developing countries such as Mexico, China, India, and Russia, driven by growth in the household and industrial sectors, is a key factor behind this expansion. A microgrid, which is a localized electric...
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