Europe and Asia, not to be outdone by successes in the U.S., are set to greatly accelerate investment into microgrid technology, with combined spending in the sector poised to more than triple by 2020, according to a report. GlobalData predicts demand for electricity in remote areas in China, India and Malaysia, and a renewable energy push in Europe, will fuel 17.2% annual growth in microgrid spending over the next seven years.

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