A microgrid refers to a small-scale energy system composed of interconnected loads and distributed energy resources that can operate independently or in conjunction with other grids. It can connect and disconnect from the grid, allowing it to operate in both grid-connected and island mode. According to IMARC Group’s Global Microgrid Market Report, the market reached a value of US$24.2 billion in 2020. Looking ahead, IMARC Group expects the market to show a strong growth over the next five years.

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In order to ensure uninterrupted power supply through the micro-grid, various technological advancements have been made to improve the performance of battery-powered inverters. Apart from this, improved battery technologies have also been developed with higher power inputs and outputs for a longer period. These features and technologies are driving the growth of the microgrid market.

Best Microgrid Companies in the World

1. Lockheed Martin Company
2. ABB Ltd.
3. General Electric
4. Eaton Company
5. Siemens

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List of top 5 microgrid manufacturers in the world, visit: https://bit.ly/3lHfHfr