The document discusses microgrids and their market potential in BRICS nations (Brazil, Russia, India, China, and South Africa). Some key points:
- The global microgrid market is projected to reach $4.95 billion in 2012 and $13.40 billion by 2020, growing at 13% annually. The BRICS microgrid market will reach $0.73 billion in 2012 and $4.47 billion by 2020, growing at 25% annually.
- Microgrids provide reliable distributed power generation and electrification for remote/rural areas in the BRICS nations, where grid connectivity is limited. Several microgrid projects have been implemented across the BRICS countries.
- Major players expanding into micro