The market for remote power provision in regions not served by a traditional, centralized electricity grid is increasing, representing a growing opportunity for a variety of market players. Additionally, the synergy of microgrids and nanogrids in an off-grid environment mirrors the dynamics in a grid-tied environment in developed industrial economies, where the systems embrace a model of the future centered on distributed energy resources (DER). According to a new report from Navigant Research, the cumulative global value of assets and services attached to the development of remote power systems is expected to grow from US$10.9 billion in 2015 to US$196.5 billion in 2024.
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