Microgrid Market Share, Trends and Forecasts To 2022: Grand View Research, Inc

The market is constrained due to economical and institutional technological barriers and high installation costs. The concern is balancing the development with benefits provided to consumers and society. The institutional barrier is the unknown needs arisen in the market such as plus utility, safety codes and interconnection procedures. The installation cost of microgrid is an additional investment for the customers. This leads to quantifying the investment as long-term benefit or lose. The microgrid market can be segmented based on application into industrial, commercial, military, remote signals, community and institutional.
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