Global Microgrid Market | Microgrid Market Forecast

The global microgrids market revenue is forecast to increase from $3.37 billion in 2022 to $8.00 billion in 2030. While North America is projected to remain the largest regional market over the forecast period, the Asian region is expected to outpace its growth. With a largely secure grid infrastructure, the European Union has limited microgrid developments, such as physical island markets and rural markets in Eastern European countries with grid reliability issues.