Microgrid industry demand is projected to register more than 27% CAGR between 2021 and 2027, owing to the integration of renewable energy technologies along with the growing demand for off-grid electricity.

Key industry players operating in the global wind turbine market include Suzlon, Siemens Gamesa, Enercon, Goldwind, Vestas, Nordex, United Power, Senvion, MHI-Vestas, Acciona, Envision Energy, General Electric, Northern Power Systems, Enessere and Clipper.