DC Microgrid Market Trends

DC Microgrid Market Trends

Growing shift towards renewable energy in line with pressing need to reduce greenhouse gas emissions and combat climate change will complement the industry growth. Rising governments promotion to improve the use of clean energy and microgrids through favorable policies, subsidies, and incentives is contributing to product penetration. Furthermore, increasing electrification in developing regions is stimulating the product demand to offer a scalable and cost-effective way to deliver power to remote and underserved communities, enhancing their economic development and quality of life.