Philippines Microgrid Market - Industry Trends and Forecast to 2029

Description

List of Tables

Philippines microgrid market is projected to register a CAGR of 17.6% in the forecast period of 2022 to 2029. The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029

Market Segmentation:

Philippines Microgrid Market, By Connectivity (Off-Grid/Island/Remote, Grid Connected), Pattern (Remote, Semi-Urban, Urban), Source (Diesel Generators, Solar PV, CHP, Natural Gas, Others), Grid Type (AC Microgrid, DC Microgrid, Hybrid Microgrid), Application (Remote Location, Utility, Industrial, Campus, Military, Smart City, Others) Industry Trends and Forecast to 2029.

Some of the major factors contributing to the growth of the Philippines microgrid market are:

Growing demand for gas based power generation

Surge in demand for Energy- As- A -Service (EAAS) model

Market Players

Some of the major players operating in the Philippines microgrid market are:

ABB

Rolls-Royce plc

Schneider Electric

Cummins Inc

Siemens

General Electric

Black & Veatch Holding Company

Honeywell International Inc

Eaton

Hitachi Energy Ltd

1 INTRODUCTION 8

1.1 OBJECTIVES OF THE STUDY 8
1.2 MARKET DEFINITION 8
1.3 OVERVIEW OF THE PHILIPPINES MICROGRID MARKET 8
1.4 CURRENCY AND PRICING 9
1.5 LIMITATIONS 9
1.6 MARKETS COVERED 10

2 MARKET SEGMENTATION 11

2.1 MARKETS COVERED 11
2.2 GEOGRAPHICAL SCOPE 12
2.3 YEARS CONSIDERED FOR THE STUDY 12
2.4 DBMR TRIPOD DATA VALIDATION MODEL 13
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 16
2.6 DBMR MARKET POSITION GRID 17
2.7 MULTIVARIATE MODELING 19
2.8 CONNECTIVITY TIMELINE CURVE 20
2.9 MARKET CHALLENGE MATRIX 21
2.10 SECONDARY SOURCES 22
2.11 ASSUMPTIONS 22

3 EXECUTIVE SUMMARY 23

4 PREMIUM INSIGHTS 25

5 MARKET OVERVIEW 26

5.1 DRIVERS 28
- 5.1.1 SHIFT IN TREND TOWARD GAS-BASED POWER GENERATION 28
- 5.1.2 INCREASE IN DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY FOR VARIOUS APPLICATIONS 28
- 5.1.3 RISE IN ENERGY-AS-A-SERVICE (EAAS) MODEL TO MINIMIZE COST IN THE ENERGY SECTOR 29
5.2 RESTRAINTS 29
- 5.2.1 UNCERTAINTY IN LAWS AND REGULATIONS RELATED TO DISTRIBUTED ENERGY GENERATION 29
- 5.2.2 INCREASE IN ENERGY PRICES IN THE PHILIPPINES 30
5.3 OPPORTUNITIES 30
- 5.3.1 RISE IN ACQUISITIONS AND PARTNERSHIPS AMONG VARIOUS ORGANIZATIONS 30
- 5.3.2 INCREASE IN DEMAND FOR RENEWABLE ENERGY 31
- 5.3.3 GOVERNMENT FUNDING IN MICROGRID PROJECTS 31
5.4 CHALLENGES 31
- 5.4.1 LACK OF OPERATING EXPERIENCE WITH MICROGRID CONFIGURATIONS 31
- 5.4.2 RESTRICTIONS FROM UTILITY FRANCHISE RIGHTS AND LIMITED RETAIL MARKET ACCESS 32
- 5.4.3 INCREASE IN CYBER SECURITY CONCERNS AND REGULATORY BARRIERS 32

6 PHILIPPINES MICROGRID MARKET, BY CONNECTIVITY 33

6.1 OVERVIEW 34
6.2 OFF-GRID/ISLAND/REMOTE 35
6.3 GRID CONNECTED 35

7 PHILIPPINES MICROGRID MARKET, BY PATTERN 36

7.1 OVERVIEW 37
7.2 REMOTE 38
7.3 SEMI-URBAN 38
7.4 URBAN 38

8 PHILIPPINES MICROGRID MARKET, BY SOURCE 40

8.1 OVERVIEW 41
8.2 DIESEL GENERATORS 42
8.3 SOLAR PV 42
8.4 CHP 43
8.5 NATURAL GAS 43
8.6 OTHERS 43

9 PHILIPPINES MICROGRID MARKET, BY GRID TYPE 44

9.1 OVERVIEW 45
9.2 AC MICROGRID 46
9.3 DC MICROGRID 46
9.4 HYBRID MICROGRID 46

10 PHILIPPINES MICROGRID MARKET, BY APPLICATION 48

10.1 OVERVIEW 49
10.2 REMOTE LOCATION 50
10.3 UTILITY 50
10.4 INDUSTRIAL 51
10.5 CAMPUS 51
10.6 MILITARY 51
10.7 SMART CITY 51
10.8 OTHERS 52

11 PHILIPPINES MICROGRID MARKET: COMPANY LANDSCAPE 53

11.1 COMPANY SHARE ANALYSIS: PHILIPPINES 53

12 QUESTIONNAIRE 54

13 RELATED REPORTS 57

LIST OF TABLES

TABLE 1 PHILIPPINES MICROGRID MARKET, BY CONNECTIVITY, 2020-2029 (USD MILLION) 35
TABLE 2 PHILIPPINES MICROGRID MARKET, BY CONNECTIVITY, 2020-2029 (MW) 35
TABLE 3 PHILIPPINES MICROGRID MARKET, BY PATTERN, 2020-2029 (USD MILLION) 38
TABLE 4 PHILIPPINES MICROGRID MARKET, BY PATTERN, 2020-2029 (MW) 38
TABLE 5 PHILIPPINES MICROGRID MARKET, BY SOURCE, 2020-2029 (USD MILLION) 42
TABLE 6 PHILIPPINES MICROGRID MARKET, BY SOURCE, 2020-2029 (MW) 42
TABLE 7 PHILIPPINES MICROGRID MARKET, BY GRID TYPE, 2020-2029 (USD MILLION) 46
TABLE 8 PHILIPPINES MICROGRID MARKET, BY GRID TYPE, 2020-2029 (MW) 46
TABLE 9 PHILIPPINES MICROGRID MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 50
TABLE 10 PHILIPPINES MICROGRID MARKET, BY APPLICATION, 2020-2029 (MW) 50

LIST OF FIGURES

FIGURE 1 PHILIPPINES MICROGRID MARKET: SEGMENTATION 11
FIGURE 2 PHILIPPINES MICROGRID MARKET: DATA TRIANGULATION 13
FIGURE 3 PHILIPPINES MICROGRID MARKET: DROC ANALYSIS 14
FIGURE 4 PHILIPPINES MICROGRID MARKET: COUNTRY MARKET ANALYSIS 15
FIGURE 5 PHILIPPINES MICROGRID MARKET: COMPANY RESEARCH ANALYSIS 15
FIGURE 6 PHILIPPINES MICROGRID MARKET: INTERVIEW DEMOGRAPHICS 16
FIGURE 7 HILIPPINES MICROGRID MARKET: DBMR MARKET POSITION GRID 17
FIGURE 8 PHILIPPINES MICROGRID MARKET: SEGMENTATION 24
FIGURE 9 SHIFTING TRENDS TOWARD GAS-BASED POWER GENERATION ARE EXPECTED TO DRIVE THE PHILIPPINES MICROGRID MARKET IN THE FORECAST PERIOD 25
FIGURE 10 CONNECTIVITY SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE PHILIPPINES MICROGRID MARKET IN 2022 & 2029 25
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE PHILIPPINES MICROGRID MARKET 27
FIGURE 12 PHILIPPINES MICROGRID MARKET: BY CONNECTIVITY, 2021 34
FIGURE 13 PHILIPPINES MICROGRID MARKET: BY PATTERN, 2021 37
FIGURE 14 PHILIPPINES MICROGRID MARKET: BY SOURCE, 2021 41
FIGURE 15 PHILIPPINES MICROGRID MARKET: BY GRID TYPE, 2021 45
FIGURE 16 PHILIPPINES MICROGRID MARKET: BY APPLICATION, 2021 49
FIGURE 17 PHILIPPINES MICROGRID MARKET: COMPANY SHARE 2021 (%) 53