In 2021, the global microgrid market surpassed 14.3 billion U.S. dollars, a year-over-year growth of 13 percent. The market is forecast to grow at a compound annual growth rate (CAGR) of 17.9 percent between 2022 and 2028, to reach 43.9 billion dollars in the latter year.
Market size of microgrids worldwide from 2017 to 2021, with a forecast from 2022 to 2028
(in billion U.S. dollars)
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Precision Business Insights. (March 15, 2022). Market size of microgrids worldwide from 2017 to 2021, with a forecast from 2022 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 08, 2024, from https://www.statista.com/statistics/1313998/global-microgrid-market-size/
Precision Business Insights. "Market size of microgrids worldwide from 2017 to 2021, with a forecast from 2022 to 2028 (in billion U.S. dollars)." Chart. March 15, 2022. Statista. Accessed July 08, 2024. https://www.statista.com/statistics/1313998/global-microgrid-market-size/
Precision Business Insights. (2022). Market size of microgrids worldwide from 2017 to 2021, with a forecast from 2022 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 08, 2024. https://www.statista.com/statistics/1313998/global-microgrid-market-size/
Precision Business Insights. "Market Size of Microgrids Worldwide from 2017 to 2021, with a Forecast from 2022 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Mar 2022, https://www.statista.com/statistics/1313998/global-microgrid-market-size/
Precision Business Insights, Market size of microgrids worldwide from 2017 to 2021, with a forecast from 2022 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1313998/global-microgrid-market-size/ (last visited July 08, 2024)
Market size of microgrids worldwide from 2017 to 2021, with a forecast from 2022 to 2028 (in billion U.S. dollars) [Graph], Precision Business Insights, March 15, 2022. [Online]. Available: https://www.statista.com/statistics/1313998/global-microgrid-market-size/
