Latin America Microgrid Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Latin America Microgrid Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Latin America Microgrid market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Latin America Microgrid Reports Highlights

What is the size of the Latin America Microgrid Market?

The Latin America Microgrid Market is projected to grow at a CAGR of around 8.69% during the forecast period, i.e., 2023-28, owing to the high rate of demand & supply electricity gaps on account of the poor condition of the grid infrastructure in the region. According to United Nations, in 2022, around 17 million people in the Latin American region do not have access to electricity. This combined with the large presence of remote & isolated regions in countries such as Chile, Peru, etc., is necessitating the development of alternate sources of energy in Latin America.

What do the growth prospects and trends look like in the Latin America Microgrid Industry?

Development of Reliable Energy Infrastructure in Remote Areas – Latin America is one of the most diversified regions in the world in terms of its topography containing a huge range of mountains, forests, rivers, etc. These characteristics of the region create geographical barriers, such as rugged terrain & isolated locations in setting up transmission lines to extend grid connections in remote areas. Thus, the government has been fulfilling the electricity demand of remote communities in countries such as Chile, Columbia, and others by establishing microgrid systems in recent years.

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What Components are encompassed within Latin America Microgrid Market segmentation?

The report has divided the market into the following segments:

By Connectivity

-On-grid- Market Size & Forecast 2018-2028, USD Million

-Off-grid- Market Size & Forecast 2018-2028, USD Million

By Components

-Hardware- Market Size & Forecast 2018-2028, USD Million

--Power Generators- Market Size & Forecast 2018-2028, USD Million

--Switch Gear- Market Size & Forecast 2018-2028, USD Million

--Smart Meter- Market Size & Forecast 2018-2028, USD Million

--Power Inverter- Market Size & Forecast 2018-2028, USD Million

--Others (Controllers, etc.)- Market Size & Forecast 2018-2028, USD Million

-Software

-Services

By Power Source

-Non-Renewables- Market Size & Forecast 2018-2028, USD Million

--Diesel- Market Size & Forecast 2018-2028, USD Million

--Gas- Market Size & Forecast 2018-2028, USD Million

--Others- Market Size & Forecast 2018-2028, USD Million

-Renewables- Market Size & Forecast 2018-2028, USD Million

--Solar PV- Market Size & Forecast 2018-2028, USD Million

--Wind- Market Size & Forecast 2018-2028, USD Million

--Others- Market Size & Forecast 2018-2028, USD Million

By Energy Storage

-Batteries- Market Size & Forecast 2018-2028, USD Million

-Pumped Hydro Storage- Market Size & Forecast 2018-2028, USD Million

-Others (Compressed Air Energy Storage, etc.)- Market Size & Forecast 2018-2028, USD Million

By End User

-Commercial & Industrial- Market Size & Forecast 2018-2028, USD Million

-Government & Transportation- Market Size & Forecast 2018-2028, USD Million

-Utilities- Healthcare- Market Size & Forecast 2018-2028, USD Million

-Healthcare- Market Size & Forecast 2018-2028, USD Million

-Military & Defense- Market Size & Forecast 2018-2028, USD Million

-Others (Educational Institutes, Data Centers, etc.)- Market Size & Forecast 2018-2028, USD Million.

By Country

-Mexico

-Brazil

-Argentina

-Chile

-Peru

-Columbia

-Rest of South America

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

ABB Ltd.

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

GE Grid Solutions

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Eaton

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Siemens

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Caterpillar

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Honeywell

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Hitachi Energy

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Emerson

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

SINOSOAR

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Cummins

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others.

About Us-

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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