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Report: Global Microgrid Market to Experience Annual Growth Rate of 28% Over the Next Decade


There has been a new report released from Navigant Research that shows the modular market is expected to see a compound annual growth of 28% for 2020-2030. Global market modular microgrids were examined during this research and they include the feature of having the ability to island and operate autonomously. These microgrids can customize operations by using specific cloud software and streamline deployment procedures. With these increases expected, modular microgrids are going to become more and more popular in the future.

Key Takeaways:

  • The report from Navigant Research looks at the global market for modular microgrids and includes a 10-year forecast.
  • The report predicts that modular microgrids could account for the majority of systems deployed over the next decade.
  • Modular microgrids are appealing in the remote segment where there are barriers to implementation.

“Modular microgrids meet the basic definitions of a microgrid, with the distinguishing feature being the ability to island and operate autonomously.”

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