Lucintel Forecasts the Global Urban Microgrid System Market is expected to grow with a CAGR of 21.0% from 2024 to 2030

According to a market report by Lucintel, the future of the global urban microgrid system market looks promising with opportunities in the public utility, shopping mall, and hotel markets. The global urban microgrid system market is expected to grow with a CAGR of 21.0% from 2024 to 2030. The major drivers for this market are rising demand for resilient, sustainable, and decentralized energy solutions and growing need to modernize the existing grid infrastructure to accommodate renewable energy sources.
A more than 150-page report to understand trends, opportunity and forecast in urban microgrid system market to 2030 by type (grid-tied type microgrid and independent type microgrid), application (public utilities, shopping mall, hotel, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, grid-tied type microgrid is expected to witness higher growth over the forecast period.
Within the application category, public utility will remain the largest segment.
Download sample by clicking on urban microgrid system market
In terms of regions, APAC is expected to witness highest growth over the forecast period.
GE, ABB, S&C Electric Co, Sunverge Energy, Echelon, Siemens, General Microgrids are the major suppliers in the urban microgrid system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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