The Global Microgrid market was sized near USD X.X billion in 2016. Micro grid is a limited group of electricity sources and loads that normally operates when connected to synchronous traditional centralized electrical grid. The modular nature of micro grids could make the main grid less liable to local disaster. A micro grid can effectively incorporate various sources of distributed generation (DG), especially Renewable Energy Sources (RES), and can supply emergency power, changing between island and connected modes. During micro grid operations, connections to the larger, bulk transmission system are disconnected and only local, smaller, often distributed, generation sources are utilized. Micro grids can be projected as back-up power or to strengthen the main power grid during periods of heavy demand. The rapid industrial developments in the BRIC countries is one of the crucial factors promoting the growth in the microgrid market worldwide.
