Rwanda Mini Grid Market (2020-2026)

Market Forecast By Type (Fossil Fuel, Hydro, Solar and Solar Hybrid, Others (Wind and Biomass)), By Capacity (Below 50 KW, 50 KW- 1 MW) and Competitive Landscape

Product Code: ETC002224 Publication Date: Apr 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 10 No. of Tables: 6

Rwanda mini-grid market is anticipated to grow at a rapid pace on account of several policies such as Rwanda Vision 2050 and the Rural Electrification Strategy. Furthermore, the growing population and swift pace of urbanization in the country have led to higher power demand from residential and commercial segments, along with supportive government policies & solar schemes which are further contributing towards the growth of this market.

According to 6Wresearch, Rwanda Mini-Grid Market is projected to grow at a CAGR of over 20.4% during 2020-2026F. The mini-grid market in Rwanda is anticipated to witness a period of slowdown on account of coronavirus triggered global recession, However, the situation is anticipated to improve post-2020 on account of increasing power demand and ambitious government targets of 100% electrification by 2024. These initiatives are anticipated to drive the deployment of mini-grids in Rwanda. Additionally, the Government of Rwanda plans to increase its off-grid connections to 48% from the current tally of 14% under the National Electrification Plan, which is expected to give a significant boost to the deployment of mini-grids in Rwanda. Initiatives such as National Strategy for Transformation and easy financing for mini-grid are also anticipated to aid the growth of the aforementioned market in the coming years.

The solar-powered mini-grids segment is anticipated to grow significantly due to its widespread adoption across different applications on account of reducing prices of solar PV modules and government subsidies to promote the installations of such mini-grids.

The Rwanda mini-grid market report comprehensively covers the market by type and capacity. The Rwanda mini-grid market outlook report provides an unbiased and detailed analysis of the Rwanda mini-grid market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Rwanda mini-grid market is anticipated to gain traction in the foreseeable future on the back of the rising commercial and residential sectors. Increased government investment in the construction of commercial sectors such as offices and malls requiring an adequate supply of electricity in order to ensure uninterruptable work which is estimated to propel the significant demand for mini-grid systems during the forecast period. Further, On the basis the solar-powered segment is estimated to generate high sales revenues in the market due to rising awareness towards using renewable energy tends to create less environmental degradation is estimated to boost the progressive growth of the Rwanda mini-grid market in the coming timeframe.

Being with a low electrification rate, there is a vast need for expansion of electricity for the carry out of sound and smooth domestic operations in the country. The increase in the improving economic conditions in the country has further led to an increased involvement of the private players towards the market growth and is leading to increased adoption of the grid infrastructure in the country. This is expected to leave a positive impact on the overall market growth of the Rwanda mini-grid market in the near future and frame the market competitive landscape in the coming years. The government of the country is increasing focus towards the implementation of policies and objectives towards the growth of mini-grid infrastructure and is leading to increased private sector participation for the growth and development of the Rwanda mini-grid market. The reduction in the costs and the increase in technological advancements is leading to increased proliferation in the growth and development of the off-grid infrastructural development and is expected to leave a positive impact on the overall market growth of the Rwanda mini-grid market in the next five to ten years.

Rwanda mini-grid market is projected to witness progressive growth during the forecast period 2020-26F on the back of the rising need for adequate power to operate essential activities. Increased agriculture activities in the country tend to require energy to successfully run agriculture pumps for the irrigation process where mini-grids proven evident to process agricultural activities efficiently is expected to spur the growth of mini-grid systems in the coming years. Additionally, a mini-grid system has been designed to provide electricity access, especially in rural areas to provide sufficient electricity in the household, and simultaneously flourishes rural education systems by providing adequate electricity access. Moreover, agricultural evolution and adequate electricity access are estimated to secure the enormous growth of the Rwanda mini-grid market in the upcoming six years.

Key Highlights of the Report

  • Historical data & Forecast of Rwanda Mini-Grid Market Revenues and Volume for the Period 2016-2026F
  • Historical data of India Rwanda Mini-Grid Market Revenues, By Types, for the Period 2016-2019
  • Market Size & Forecast data of Rwanda Mini-Grid Market Revenues, By Types, until 2026F
  • Historical data of Rwanda Mini-Grid Market Revenues, By Capacity, for the Period 2016-2019
  • Market Size & Forecast data of Rwanda Mini-Grid Market Revenues, By Capacity until 2026F
  • Market Drivers, Restraints, and Trends
  • Market Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Player’s Revenue Share Rankings
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

Rwanda mini-grid market report provides a detailed analysis of the following market segments:

  • By Type
    • Fossil Fuel
    • Hydro
    • Solar and Solar Hybrid
    • Others (Wind and Biomass)

  • By Capacity
    • Below 50 KW
    • 50 KW- 1 MW

Other Key Reports Available:

  • Africa Diesel Genset Market Report
  • Asia Micro Grid Market Report
  • Africa Micro Grid Market Report

TABLE OF CONTENTS

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of the Report

2.3 Market Scope & Segmentation

2.4 Methodology Adopted and Key Data Points

2.5 Assumptions

3. Rwanda Mini-Grid Market Overview

3.1 Rwanda Mini-Grid Market Revenues and Volume (2016-2026F)

3.2 Rwanda Mini-Grid Market - Industry Life Cycle, 2019

3.3 Rwanda Mini-Grid Market - Porter’s Five Forces

3.4 Rwanda Mini-Grid Market Revenue Share, By Types (2019 & 2026F)

3.5 Rwanda Mini-Grid Market Revenue Share, By Capacity (2019 & 2026F)

4. Rwanda Mini-Grid Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. Rwanda Mini-Grid Market Trends

6. Rwanda Mini-Grid Market Overview, By Types

6.1 Rwanda Fossil Fuel Mini-Grid Market Revenues, 2016-2026F

6.2 Rwanda Hydro Mini-Grid Market Revenues, 2016-2026F

6.3 Rwanda Solar and Solar Hybrid Mini-Grid Market Revenues, 2016-2026F

6.4 Rwanda Other Mini-Grid Market Revenues, 2016-2026F

7. Rwanda Mini-Grid Market Overview, By Capacity

7.1 Rwanda Below 50 KW Mini-Grid Market Revenues, 2016-2026F

7.2 Rwanda 50.1- 1 MW Mini-Grid Market Revenues, 2016-2026F

8. Rwanda Mini-Grid Market - Key Performance Indicators

9. Rwanda Mini-Grid Market Opportunity Assessment

9.1 Rwanda Mini-Grid Market Opportunity Assessment, By Types (2026F)

9.2 Rwanda Mini-Grid Market Opportunity Assessment, By Capacity (2026F)

10. Rwanda Mini-Grid Market Competitive Landscape

10.1 Rwanda Mini-Grid Market Revenue Share Ranking, By Company (2019)

10.2 Rwanda Mini-Grid Market Competitive Benchmarking, By Operating Parameters

11. Company Profiles

11.1 Meshpower Limited

11.2 Absolute Energy Limited

11.3 Neseltec Limited

11.4 Mobisol Rwanda Limited

11.5 EDCL Limited

11.6 ARC Power Rwanda Limited

11.7  Prime Energy Limited

11.8  Azuri Technology Limited

12. Key Strategic Recommendations

13. Disclaimer

LIST OF FIGURES

Figure 1. Rwanda Mini-Grid Market Revenues and Volume, 2016-2026F ($ Million, Units)

Figure 2. Rwanda Mini-Grid Market Revenue Share, By Types, 2019 & 2026F

Figure 3. Rwanda Mini-Grid Market Revenue Share, By Capacity, 2019 & 2026F

Figure 4. Rwanda Fossil Fuel Mini-Grid Market Revenues, 2016-2026F ($ Million)

Figure 5. Rwanda Hydro Mini-Grid Market Revenues, 2016-2026F ($ Million)

Figure 6. Rwanda Solar and Solar Hybrid Mini-Grid Market Revenues, 2016-2026F ($ Million)

Figure 7. Rwanda Other Mini-Grid Market Revenues, 2016-2026F ($ Million)

Figure 8. Rwanda Below 50 KW Mini-Grid Market Revenues, 2016-2026F ($ Million)

Figure 9. Rwanda 50.1 KW- 1 MW Mini-Grid Market Revenues, 2016-2026F ($ Million)

Figure 10. Rwanda Mini-Grid Market Opportunity Assessment, By Types (2026F)

Figure 11. Rwanda Mini-Grid Market Opportunity Assessment, By Capacity (2026F)

Figure 12. Rwanda Mini-Grid Market Revenue Share Ranking, By Company (2019)

Figure 13. Application Areas of Digital Technologies in Mini-Grids

LIST OF TABLE

Table 1. Rwanda Total Access to Electricity Grid, By District (Dec 2019)

Table 2. Upcoming Hydro Stations in Rwanda

Table 3. Upcoming Residential Projects in Rwanda

Table 4. Operational Mini-Grids in Rwanda

Table 5. Operational and Contracted Mini-Grid Projects in Rwanda

Table 6. Number of Productive Users (as per National Electrification Plan)

 

Rwanda Mini Grid Market

Pricing
  • Single User License
    $ 1,960
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,435