Microgrid as a Service Market: Rising Demand for Efficient Energy Transmission Coupled with Increasing Demand for Renewable Energy
Microgrid is a portable version of the traditional power grid system that can operate either independently or in conjugation with a locality's main electric grid system. Microgrids are majorly installed with the primary objective of providing backup power or to boost the power of main grid during peak demand. The global microgrid as a service (MaaS) market is anticipated to witness a robust growth rate during the forecast period from 2017 to 2025 owing to its increasing demand from remote...
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