Global $3.6 Bn Microgrid Control System Market to 2023: Increasing Demand for Reliable and Secure Power Supply Worldwide | MarketsandMarkets Blog - 0 views
-
Almira Coyne on 13 Aug 21The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market.