Growing Opportunity in the Global Microgrid Market

Rapid industrialisation and economic development across most parts of the world has sparked increased energy production, one of the key drivers of growth in the global microgrid industry. Governments across the world are engaging in sustainable energy development pursuits for long-term energy security. The use of microgrids incorporating renewable energy sources for power generation is a viable means for energy security in the long-run while also following environmental regulations. The global microgrid market size was valued at USD $3.76 billion in 2016, expected to reach USD $17.51 billion by 2025, growing at a CAGR of 17.0%.

The Alliance for Rural Electrification and Energy Storage China join forces in 2018

Energy Storage China (ESC) and Alliance for Rural Electrification (ARE) recently announced to co-organise a top level Microgrid Global Innovation Forum during ESC at China International Exhibition Center in Beijing, 29 March in 2018.

The ARE is the only business association in the world focusing on the development of off-grid renewable energy solutions for rural electrification in developing countries and emerging markets. ARE builds on the experience from over 110 member organisations worldwide which represent the complete value chain of renewable energy technologies. ESC is the most influential industry conference and exhibition in China’s energy storage industry - playing a significant role in informing and connecting industry professionals as the country develops a clean, efficient and reliable energy system. ESC focuses on technologies and applications for the energy storage industry, while ARE covers the entire renewable off-grid solutions value chain.

The Microgrid Global Innovation Forum aims to move the market forward, bringing together thought leaders, energy industry executives and project managers from around the world for intensive networking and information sharing concerning the design, implementation and operation of global microgrid systems. The emphasis is on maximising the effective use of renewable and distributed energy resources, refining the business model for a range of microgrid applications, and sharing real-world microgrid case studies in both on-grid and remote environments. The forum is expected to draw more than 200 professional participants, including industry experts, policymakers, government officials and developers.

 

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