SELBYVILLE, Del., June 14, 2021 /PRNewswire/ — The microgrid market revenue is expected to cross USD 33 Billion by 2027, as reported in the latest study by Global Market Insights Inc. Ongoing grid modernization coupled with the installation of advanced and sustainable generation sources across the network will propel the industry scenario. The rising renewable integration to lower the GHG emission along with strict regulatory norms to deploy power-efficient solutions will foster the business dynamics.

The lack of effective electric networks, current lags, voltage fluctuations, and grid failure have been primary concerns driving the remote microgrid industry across developing regions. Regulators have been predominantly integrating programs and initiatives to establish a sustainable electric network across these areas. Henceforth, distributed generation technologies along with the…

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