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TechNavio's analysts forecast the Global Microgrid market to grow at a CAGR of 25.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for better power quality. The Global Microgrid market has also been witnessing increasing R&D spending by vendors. However, the high cost needed to implement microgrids could pose a challenge to the growth of this market.

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