Microgrid Market: 28% of Growth to Originate from North America | By Application and Geography (2021-2025) NEW YORK , May 31, 2022 |PRNewswire| -- Market Overview The Microgrid Market Share is expected to increase by USD 19.5 billion from 2020 to 2025, with an accelerated CAGR of 12.86%- according to the recent market study by Technavio. The increasing government support is a major factor supporting the global microgrid market share growth. The rapid advances in technology is another factor supporting the global microgrid market share growth. The high implementation costs will be a major challenge for the global microgrid market share growth during the forecast period. North America will register the highest growth rate of 28% among the other regions. Therefore, the microgrid market in North America is expected to garner significant business opportunities for the vendors during the forecast period. The microgrid market vendors should focus on grabbing business opportunities from the remote segment as it accounted for the largest market share in the base year. Download Sample : for more additional information about the Microgrid Market Scope of the Report Microgrid Market Scope Report Coverage Details Page number 120 Base year 2020 Forecast period 2021-2025 Growth momentum CAGR Accelerate at a CAGR of 12.86% Market growth 2021-2025 $ 19.5 billion Market structure Fragmented YoY growth (%) 12.43 Regional analysis North America, APAC, Europe, South America, and MEA Performing market contribution North America at 28% Key consumer countries US, China, Russian Federation, Australia, and Canada Competitive landscape Leading companies, competitive strategies, consumer engagement scope Companies profiled ABB Ltd., Eaton Corp.