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Grid Connected Microgrid Market Size
- Report ID: GMI8265
- Published Date: Feb 2024
- Report Format: PDF
Grid Connected Microgrid Market Size
Grid Connected Microgrid Market was valued USD 12.8 billion in 2023 and is anticipated to grow at over 20.4% CAGR between 2024 and 2032. Rising requirement for enhanced energy reliability, resilience, and sustainability along with the growing adoption of distributed energy resources will boost the industry landscape.
Additionally, Technological advancements coupled with the introduction of supportive government policies and incentives will augment the business landscape. The declining costs of renewable energy technologies, and improvements in energy storage and grid management solutions will drive the industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Grid Connected Microgrid Market Size in 2023: | USD 12.8 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 20.4% |
| 2032 Value Projection: | USD 71.8 Billion |
| Historical Data for: | 2021 - 2022 |
| No. of Pages: | 155 |
| Tables, Charts & Figures: | 38 |
| Segments covered: | Grid Type, Power Source, Storage Device, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Grid Connected Microgrid Market Scope
