Microgrid enabling technologies expected to exceed US$26 billion in annual revenues by 2023, says Navigant

Dramatic change is occurring in the microgrid market, as a greater emphasis is being placed on the economic value that these systems bring to the overall power grid. At the same time, new business models, designed to support full commercial deployment of microgrid systems, are being investigated and implemented. According to a new report from Navigant Research, worldwide vendor revenues from microgrid enabling technologies (METs) are expected to grow from US$5.5 billion annually in 2014 to US$26.3 billion in 2023.



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