Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Facebook Twitter Instagram
India Edition | South East Asia Edition
Facebook Twitter LinkedIn
Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Renewable Energy StoriesRenewable Energy Stories
Home » Microgrid To Attract Multibillion Investments By 2031: Guidehouse Insights
Finance
Asia Middle East

Microgrid To Attract Multibillion Investments By 2031: Guidehouse Insights

By Saur News Bureau Fri, Nov 18th, 2022
rooftop-solar-energy
Share
Facebook Twitter LinkedIn Pinterest Email

A new report from Guidehouse Insights has held that Asia Pacific and Middle East & Africa currently lead the energy access microgrids market and are expected to continue leading the energy access across microgrids market through 2031. Revenue from microgrid investments in Asia Pacific will likely reach $7.7 billion by 2031, and microgrid revenue in Middle East & Africa is expected to reach $8.9 billion by 2031.

The report provides global analyses for annual deployments of energy access microgrid projects in terms of power capacity and project deployment spending. These analyses cover the 10-year period from 2022-2031 and are segmented by region, application segments and business models.

What The Report Entails

“One of the 17 critical Sustainable Developments Goals (SDG) adopted by the United Nations, is ensuring basic energy access for 100% of the global population by 2030 (SDG 7). Based on the current rate of progress, that goal will fall short by 670 million people, who will still be barred from participation in the global economy,” says Rohith Unni, research analyst with Guidehouse Insights.

The Guidehouse Insights report, called Market Data: Microgrids for Energy Access in Emerging Markets, also mentions that novel energy management systems, innovative remote monitoring capabilities, and advances in smart meter and energy storage technologies have made microgrids the ideal solution for connecting underserved populations, cost effectively and sustainably.

It held that the technological advances, falling prices for renewable energy (RE), and continued developments in energy storage have brought decentralized energy solutions, such as microgrids, into the mainstream, and offer potential for bringing socioeconomic progress to those who have not been connected to the traditional grid, according to the report.

As of 2020, nearly 733 million people in the world were living without access to electricity, according to the consensus opinion of the International Energy Agency, the International Renewable Energy Agency, the United Nations Department of Economic and Social Affairs, the World Health Organization, and the World Bank. A new report from Guidehouse Insights explores annual deployments of energy access microgrid projects.

Guidehouse Insights is the dedicated market intelligence arm of Guidehouse that delves in research, data, and benchmarking services for today’s rapidly changing and highly regulated industries.

$8 billion in Asia Pacific and $9 billion in Middle East & Africa Guidehouse Insights Market Data: Microgrids for Energy Access in Emerging Markets Microgrid renewable energy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Saur News Bureau
  • Website

Related Posts

International Finance Corporation Invests in Jordan’s First Green Bond

March 14, 2023

UAE’s EWEC Report Wants 3 GW Solar Power Addition by 2030

March 10, 2023

Al Habtoor Group & SirajPower Partner for Large-Scale Solar Installations

March 3, 2023

Leave A Reply Cancel Reply

five × 4 =

Latest News
  • Oman & Germany Discuss Renewable Energy Projects
  • Qatar Gets its First Green Guarantee for Solar Project by Siemens
  • DEWA & Dubai Airports Join Hands to Promote Sustainability
  • Saudi Arabia Steps Up Efforts on Renewable Energy
  •  Green Economy Key Priority for Dubai Free Zones Council
Solar News

Oman & Germany Discuss Renewable Energy Projects

March 30, 2023

Qatar Gets its First Green Guarantee for Solar Project by Siemens

March 30, 2023

DEWA & Dubai Airports Join Hands to Promote Sustainability

March 30, 2023

Saudi Arabia Steps Up Efforts on Renewable Energy

March 29, 2023
ADVERTISE WITH US

We are the no.1 B2B solar media in India. With SaurEnergy, you have a full menu of options to pick from to reach the largest audience for your products and services.

To get in touch, contact us at info[at]saurenergy.com

Or Call at 9891147599 / 8802315631

Facebook Twitter Instagram YouTube LinkedIn WhatsApp
Latest News
  • Oman & Germany Discuss Renewable Energy Projects
  • Qatar Gets its First Green Guarantee for Solar Project by Siemens
  • DEWA & Dubai Airports Join Hands to Promote Sustainability
  • Saudi Arabia Steps Up Efforts on Renewable Energy
  •  Green Economy Key Priority for Dubai Free Zones Council
SAURENERGY NEWSLETTER

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

    [mc4wp_checkbox]

    © 2023 Saurenergy International.

    Type above and press Enter to search. Press Esc to cancel.

    en English
    ar العربيةzh-CN 简体中文en English
    Newsletter Subscription

      [mc4wp_checkbox]