Microgrids offer cost-effective, scalable solutions for expanding energy access across urban and remote areas. Western and mountainous regions lacking full grid coverage further drive adoption, enabling electrification of rural communities.
How big is microgrid market?
The global market size of microgrid exceeded USD 11 billion in 2021 and is predicted to register a CAGR of more than 22% during 2022-2030, says thi...