Market Insights and Analysis: Latin America Microgrid Market Overview and Projections (2023-2028)
The Latin America Microgrid Market is estimated to grow at a CAGR of around 8.69% during the forecast period, i.e., 2023-28.
Top leading companies in the Latin America Microgrid Market includes:
ABB Ltd., GE Grid Solutions, Eaton, Siemens, Caterpillar, Honeywell, Hitachi Energy, Emerson, SINOSOAR, Cummins, Others
Industry Recent Development:
- 2022: Sino Soar Hybrid was awarded a contract for design, supply, installation, and commissioning as well as the subsequent operation & maintenance services of a 500 KWp solar micro-grid project in the Brokopondo District of Suriname. This was done to improve the quality, security, and reliability of the electricity supply in the region on account of the poor quality of the grid connection.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Connectivity
-On-grid
-Off-grid
- The Off-grid segment is witnessing a substantial increase in demand in the Microgrid Market of Latin America owing to the high rate of lack of electrification in Latin America.
By Components
-Hardware
–Power Generators
–Switch Gear
–Smart Meter
–Power Inverter
–Others (Controllers, etc.)
-Software
-Services
By Power Source
-Non-Renewables
–Diesel
–Gas
–Others
-Renewables
–Solar PV
–Wind
–Others
By Energy Storage
-Batteries
-Pumped Hydro Storage
-Others (Compressed Air Energy Storage, etc.)
By End User
-Commercial & Industrial
-Government & Transportation
-Utilities- Healthcare
-Healthcare
-Military & Defense
-Others (Educational Institutes, Data Centers, etc.)
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Latin America Microgrid Market Geographic Reach:
The Geographic Reach of the Latin America Microgrid Market evaluates the spread and significance of Latin America Microgrid Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Mexico
- Brazil
- Argentina
- Chile
- Peru
- Columbia
- Rest of South America
Note: If you require specific information not covered in the current report, we can provide it through customized option
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