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Global Mini Grid Market Poised for Strong Growth Amid Rising Demand for Renewable Energy Access
Expanding Opportunities in Decentralized Power Systems
The Mini Grid Market is witnessing robust growth as global demand for reliable and sustainable electricity solutions intensifies. According to the latest report by Market Intelo, the global Mini Grid Market was valued at USD 7.85 billion in 2022 and is projected to reach USD 22.46 billion by 2030, growing at a CAGR of 14.1% from 2023 to 2030. This expansion is driven by the urgent need for decentralized energy systems, particularly in rural and off-grid communities, and the accelerating adoption of renewable energy technologies.
Market Overview
Mini grids—localized, small-scale power generation systems—are increasingly being deployed to bridge electricity access gaps in developing nations while supporting sustainability goals in advanced economies. They are cost-effective, environmentally friendly, and versatile, making them an attractive alternative to centralized grids. Government policies promoting clean energy, combined with advancements in solar, wind, and hybrid power systems, are further fueling the market’s…