Africa Minigrid Market 2020: Global Industry Analysis, Size, Share, Growth, Trends and Forecast To 2027

The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including connectivity, grid type, demography, deployment mode, end-use, and countries.

Africa Minigrid Market drivers:

The growing demand for reliable, uninterrupted, and secure power supply is fuelling the growth of the Africa mini grid market. Governments are taking various initiatives to supply electricity to rural areas, which in turn, is raising the adoption of mini grids for rural electrification. The Nigerian Electrification Agency supported the partnership of Rocky Mountain Institute, Abadan Electricity Distribution Company, and Nayo Tropical Technology to offer Nigeria’s first rural commercial mini grid solution. The three organizations collaborated to grow the pace of commercial deployment of mini grid technology in Nigeria. These initiatives are surging the growth of the mini grid market in Africa.

Electricity is one of the highest contributors to the GDP of a country, which is why developing countries are shifting towards cost-effective solutions to offer uninterrupted electricity. There have been increasing concerns regarding reliable, clean, and secure energy. This factor is rising the implementation of mini grids to generate power from a renewable source. In addition to this, there has also been some private funding for the implementation of mini grids, which is further propelling the growth of the Africa mini grid market.

Based on grid type, the hybrid mini grid segment is expected to grow at a higher CAGR during the forecast period due to the rising demand for hybrid mini grids and its capability to produce reliable power. The hybrid mini grid has decreased cost in comparison to the transmission. These factors are accelerating the growth of the hybrid mini grid segment in the Africa mini grid market.

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Africa Minigrid Market Segmentation:

According to the report published by GMI Research, titled “Africa Minigrid Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:

By Connectivity:

Grid-Connected
Off-Grid/Island/Remote

By Grid Type:

AC Mini Grid
DC Mini Grid
Hybrid Mini Grid

By Demography:

Urban
Semi-Urban
Remote

By Deployment Mode:

Hardware

Power Generators
Energy Storage & Distributors
Controllers

Software
Services

By End-Use:

Commercial & Industrial
Remote
Government
Utilities
Institutes & Campuses
Military
Healthcare

By Countries:

Nigeria
Algeria
Kenya
South Africa
Egypt
Rest of Africa

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