Smart Grid for Africa - A Possible Solution to the Economic Troubles in the Region

Smart Grid for Africa - A Possible Solution to the Economic Troubles in the Region

Summary

GlobalData's report “Smart Grid for Africa - A Possible Solution to the Economic Troubles in the Region” provides an analysis on smart grid ability to solve the economic problems of Africa. Smart grid technologies can provide solutions for economic growth in African nations. The vast untapped market in Africa is expected to generate significant interest among global vendors of smart grid technologies. The potential of solar energy generation in Africa will draw significant investments, providing a fillip to the regional economy. This potential has already received recognition through the DESERTEC project, which aims to utilize solar energy generated from North African nations to support electricity demand in Europe. Investments in manufacturing plants and services have the potential to create employment opportunities for Africans. Smart grid technologies can facilitate electricity trade between different African nations and boost partnerships between the strife-torn nations of Africa.

Scope

• Role of smart grid in realizing renewable energy potential in Africa
• Role of smart grid in creating job opportunities in Africa
• Potential of smart grid to improve business scenario in Africa
• Potenial of smart grid in improving economic collaboration between African nations

Reasons to buy

• Identify the potential of smart grid in developing Africa
• Gain insight on the African smart grid industry’s development trends
• Developing strategies for market penetration
• Facilitate decision-making based on insights on African smart grid market