BIS Research - Emerging Technology Market Intelligence

Huge Investment in APAC Microgrids Fuelling the Market Growth

Mar 6, 2018 5:34:58 AM / by BIS Research posted in commercial microgrid, microgrid market size, APAC microgrid market, Energy and sustainability, microgrid applications, microgrid energy generation, microgrid forecast, Microgrid market, microgrid market growth, microgrid market trends, mirogrid energy storage, residential microgrid

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Asia Pacific is experiencing a high rate of gradual rural electrification in various nations such as India, China, Philippines, and Malaysia due to the lack of proper infrastructures and abundance of unelectrified areas in these countries. According to the market intelligence report by BIS Research, titled ‘APAC Microgrid Market- Analysis and Forecast (2017-2026)’, the market is expected to reach value $22.56 billion by the end of 2026 from the $2.62 billion by the year 2016. The market growth is driven by the grid reliability, expansion costs, policy mandates and decreasing cost of renewable energies.

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