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Global Microgrid Controller Market Projected to Reach $18.7 Billion by 2029 with a CAGR of 22.6% [Yahoo! Finance]
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Connectivity (Grid-connected, Off-grid), Offering (Hardware, Software & Services), End User (Commercial & Industrial, Military, Government, Institutes & Campuses, Healthcare) and Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The global microgrid controller market is foreseen to experience significant growth, reaching a valuation of USD 18.7 billion by 2029 from USD 6.8 billion in 2024. A remarkable compound annual growth rate (CAGR) of 22.6% is anticipated during the 2024-2029 time frame. As the world gradually recognizes the limitations of traditional electric power supply systems, microgrid controllers emerge as a solution fostering reliable and efficient energy distribution. This surge is attributed to the escalating necessity for resilient energy solutions amidst increasing occurrences of natural disasters, climate change consequences, and the growing demand for electricity. Microgrid controllers play a pivotal role in fulfilling the re
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