The global microgrid market is rapidly gaining prominence as supportive government policies in various countries encourage the setting up of renewable sources of energy such as wind and solar farms. The market in the US has established a clear lead, primarily engaging microgrids for remote and military applications. In Europe, microgrids are viewed as a suitable option for renewable energy integration. Emerging economies in Asia-Pacific, though, present the largest market potential as they look to counter power shortages and low grid connectivity.
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