Global Microgrid Market 2016: Industry Review, Insights, Demand and Analysis to 2022
Microgrids generate power, and in doing so reduce dependence on long distance transmission lines and cut transmission losses. The microgrid is a combination of technologies such as electricity generation, transmission and distribution and is used on a small scale as compared to the conventional macrogrid. It performs functions such as adding or removing new energy resources without modifying existing components. The microgrid market is significantly driven by the use of localized sources for power generation, fewer line losses and the...
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