Rural electrification projects in developing countries with large populations, such as India and many in Africa, will be a major factor driving growth in residential and commercial microgrid installations, Markets and Markets continues. The village of Dharnal in India’s rural northeastern Bihar province became the first to rely on renewable energy resources to meet 100% of its energy needs with the installation of a solar microgrid in July 2014, the market research company highlights.

Regionally, more microgrids had been installed across the Americas than any other in 2015. Going forward, Markets and Markets expects the Asia-Pacific microgrid market will grow fastest from 2016-2022.