ENERGY RESILIENCE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Takeaways from Analyst

Increasing frequency and severity of power outages due to extreme weather events as well as rising concerns over climate security can drive the market growth. Growing focus on decreasing dependence on centralized power grids through distributed energy resources can also aid the market expansion. High initial capital costs associated with energy resilience solutions might limit adoption, especially in developing markets.

North America region currently dominates the global energy resilience market and is anticipated to continue its dominance. Rapid industrialization and urbanization along with growing energy needs of evolving economies in the region boosts the demand. Asia Pacific also presents substantial opportunities due to frequent power outages affecting critical infrastructures and increasing initiatives to modernize aging power infrastructure. The markets in Asia Pacific can witness growth at an impressive pace due to policy push for decentralized renewable energy-based microgrids.