The global microgrid market size is estimated to be USD 37.6 billion in 2024 and is projected to reach USD 87.8 billion by 2029, growing at a CAGR of 18.5%between 2024 to 2029. Some of the major factors contributing to the growth of the microgrid market include the increasing digitalization and smart grid integration,. .
The prominent players in the microgrid companies are Schneider Electric (France), Siemens (Germany), Eaton (Ireland), General Electric.
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The extent of grid electricity is limited and mainly concentrated near Kigali. Most of the country uses as its main energy source. Rwanda is planning to expand from 276 MW of grid power in 2022 to 556 MW in 2024 and may import some additional electricity from neighboring countries. In addition, it is installing small solar units throughout the country to ensure that households located in off-grid areas have access to electricity, or to help deal with power outage.
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