The microgrid market prospects are expected to reach US$2.8 billion in the next five years.

With the rapid growth of demand for electricity and the diversification and decentralization of power generation, power systems and equipment must fulfill the task of “improving reliability, improving operational efficiency, and reducing costs” under extreme pressure conditions. Microgrid requirements.

Microgrid market prospects are expected to reach US$2.8 billion in the next five years

The microgrid market will reach $2.8 billion in the next five years.

Microgrid has many advantages, such as the ability to effectively solve the problem of clean energy integration such as wind and light; the power transmission radius is small, the line loss is very low, and in the event of an unexpected situation or natural disaster, it can provide its own power to ensure small-scale power. Stable operation; partial peaking and backup problems can also be solved.

In the past few years, the cost of electricity and energy storage of new energy sources such as photovoltaics and wind energy have been rapidly declining. The control technology of microgrids has matured, the production cost of equipment has been declining, and the explosion of microgrid construction is approaching. A few days ago, GTM Research announced a report forecast that the market size of the microgrid will increase to 2.8 billion in the next five years.

The above is about embedded in the next five years, the microgrid market size will reach 2.8 billion US dollars. If you want to know more information, please pay attention to eeworld, eeworld electronic engineering will provide you with more complete, more detailed, Updated information.

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