During the forecast period of 2023-2035, the global microgrid market is expected to reach an estimated value of ~USD 250 billion by 2035 by expanding at a CAGR of ~13%. The market further generated revenue of ~USD 65 billion in the year 2022. Renewable energy is the major source for the working of microgrids. Therefore, major key factors propelling the growth of the microgrid market worldwide are the increasing demand for electricity all across the world and the rising use of renewable energy for the production of electricity.
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johnbaker
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microgrid market scope

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During the forecast period of 2023-2035, the global microgrid market is expected to reach an estimated value of ~USD 250 billion by 2035 by expanding at a CAGR of ~13%. The market further generated revenue of ~USD 65 billion in the year 2022. Renewable energy is the major source for the working of microgrids. Therefore, major key factors propelling the growth of the microgrid market worldwide are the increasing demand for electricity all across the world and the rising use of renewable energy for the production of electricity.

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