The document discusses a report from Transparency Market Research on the global microgrids market. The report finds that the microgrids market opportunity was valued at $46.92 billion in 2017 and is expected to grow at a CAGR of 11.07% through 2026, reaching a total valuation of $118.8 billion. However, high initial costs and operational challenges may hinder smooth market growth. Nonetheless, microgrids provide ecological, technical, economic and social benefits and instability in macrogrids during severe weather offers opportunities for microgrid operators.