Microgrids Market Booms to $17B by 2032

The global energy landscape is shifting towards local power systems, with the microgrid market projected to reach $17 billion by 2032. This growth is driven by factors such as global uncertainty, renewable energy adoption, and extreme weather events. Microgrids, once niche, are now essential for businesses and industries, with North America leading the market. The Asia Pacific region is expected to be the fastest-growing market, leveraging solar power and batteries for rural electrification.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.