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Market Research Report

North America Microgrid Market Forecast 2019-2027

Published by Inkwood Research Product code 793688
Published Content info 106 Pages
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North America Microgrid Market Forecast 2019-2027
Published: February 25, 2019 Content info: 106 Pages
Description

KEY FINDINGS

The microgrids market is predicted to be growing profusely during the forecasting years of 2019-2027 in the North American region mainly due to the increasing demand for power that is fueling up the capacity addition of renewable energy resulting in increased adoption of the microgrids. The regional market in North America is expected to be proliferating at a CAGR of 10.63% during the forecasting years of 2019-2027.

MARKET INSIGHTS

Government & utilities find significant levels of applications in the microgrid market due to the growth initiatives of the government of various countries for electrification and increasing adoption of microgrid by institutions. This trend has stipulated massive application for the microgrid market in the North American region, where governmental incentives play a massive role in the said market proliferation.

The smart city initiatives across the US are expected to provide a wide adoption potential to the microgrids for secure electricity generation and distribution. The microgrid market has the segmentation on the basis of offerings, types, consumption patterns and verticals.

COMPETITIVE INSIGHTS

Some of the companies established in the North American regional market are Princeton Power Systems, Schneider Electric, Fuelcell Energy Inc., Fairbanks Morse, S&C Electric Company, Power Engineers Incorporated, Exelon Corporation, Siemens AG, ABB Ltd., Duke Energy Corporation, Eaton Corporation PLC, Hitachi Ltd., National Grid, NRG Energy Inc. and General Electric.

Table of Contents
Product Code: 23948

Table of Contents

1. RESEARCH SCOPE

  • 1.1. STUDY GOALS
  • 1.2. SCOPE OF THE MARKET STUDY
  • 1.3. WHO WILL FIND THIS REPORT USEFUL?
  • 1.4. STUDY AND FORECASTING YEARS

2. RESEARCH METHODOLOGY

  • 2.1. SOURCES OF DATA
    • 2.1.1. SECONDARY DATA
    • 2.1.2. PRIMARY DATA
  • 2.2. TOP-DOWN APPROACH
  • 2.3. BOTTOM-UP APPROACH
  • 2.4. DATA TRIANGULATION

3. EXECUTIVE SUMMARY

  • 3.1. MARKET SUMMARY
  • 3.2. KEY FINDINGS
    • 3.2.1. REGULATIONS ON GREENHOUSE GAS EMISSION ACROSS THE WORLD
    • 3.2.2. BENEFITS OF USING MICROGRID TECHNOLOGY
    • 3.2.3. COLLABORATIONS FOR ENHANCEMENTS IN MICROGRID TECHNOLOGY
    • 3.2.4. GOVERNMENT & UTILITIES SEGMENT WITNESS THE ROBUST GROWTH
    • 3.2.5. USAGE OF MICROGRIDS IN HOSPITALS
    • 3.2.6. INVESTMENTS IN MICROGRIDS

4. MARKET DYNAMICS

  • 4.1. ETYMOLOGY OF MICROGRID MARKET
  • 4.2. MARKET SCOPE & DEFINITION
  • 4.3. MARKET DRIVERS
    • 4.3.1. INCREASE IN DEMAND FOR ELECTRICITY WORLDWIDE
    • 4.3.2. INVESTMENTS IN CLEAN ENERGY IS RISING RAPIDLY
    • 4.3.3. RAPID INCREASE IN DEMAND OF CLEAN ENERGY STORAGE SYSTEMS
  • 4.4. MARKET RESTRAINTS
    • 4.4.1. HIGH COST OF MAINTENANCE & INSTALLATION HINDERS THE USAGE OF MICROGRIDS
    • 4.4.2. STRINGENT POLICIES, REGULATIONS, AND STANDARDS RELATED TO MICROGRIDS ACROSS THE WORLD
  • 4.5. MARKET OPPORTUNITIES
    • 4.5.1. USAGE OF INTERNET OF THINGS IN MICROGRIDS
    • 4.5.2. INCREASING ELECTRIFICATION PROJECTS ACROSS EMERGING ECONOMIES
    • 4.5.3. SMART CITY INITIATIVES
  • 4.6. MARKET CHALLENGES
    • 4.6.1. DIFFICULTIES IN PLANNING, DESIGNING, AND IMPLEMENTATION OF A LARGE SIZE MICROGRID
    • 4.6.2. LACK OF TRAINING IS A MAJOR BARRIERS FOR THE LONG-TERM SUSTAINABILITY OF MICROGRIDS

5. MARKET BY OFFERINGS

  • 5.1. HARDWARE
  • 5.2. SOFTWARE
  • 5.3. SERVICES

6. MARKET BY TYPES

  • 6.1. GRID CONNECTED
  • 6.2. REMOTE/ISLAND/OFF-GRID

7. MARKET BY CONSUMPTION PATTERNS

  • 7.1. SEMI-URBAN
  • 7.2. URBAN/METROPOLITAN
  • 7.3. RURAL/ISLAND

8. MARKET BY VERTICALS

  • 8.1. INDUSTRIAL
  • 8.2. HEALTHCARE
  • 8.3. EDUCATION
  • 8.4. MILITARY
  • 8.5. GOVERNMENT & UTILITIES
  • 8.6. OTHERS

9. KEY ANALYTICS

  • 9.1. PORTER'S FIVE FORCE MODEL
    • 9.1.1. THREAT OF NEW ENTRANTS
    • 9.1.2. THREAT OF SUBSTITUTE
    • 9.1.3. BARGAINING POWER OF SUPPLIERS
    • 9.1.4. BARGAINING POWER OF BUYERS
    • 9.1.5. THREAT OF COMPETITIVE RIVALRY
  • 9.2. OPPORTUNITY MATRIX
  • 9.3. VENDOR LANDSCAPE
    • 9.3.1. LEGAL, POLICY & REGULATORY FRAMEWORK

10. NORTH AMERICA

  • 10.1. UNITED STATES
  • 10.2. CANADA

11. COMPETITIVE LANDSCAPE

  • 11.1. KEY COMPANY ANALYSIS
    • 11.1.1. GE ELECTRIC
    • 11.1.2. SIEMENS AG
    • 11.1.3. EATON
    • 11.1.4. ABB LTD
    • 11.1.5. SCHNEIDER ELECTRIC
  • 11.2. COMPANY PROFILES
    • 11.2.1. ABB LTD.
      • 11.2.1.1. OVERVIEW
      • 11.2.1.2. PRODUCT PORTFOLIO
      • 11.2.1.3. STRATEGIC INITIATIVES
      • 11.2.1.4. SCOT ANALYSIS
    • 11.2.2. DUKE ENERGY CORPORATION
      • 11.2.2.1. OVERVIEW
      • 11.2.2.2. PRODUCT PORTFOLIO
      • 11.2.2.3. STRATEGIC INITIATIVES
      • 11.2.2.4. SCOT ANALYSIS
    • 11.2.3. EATON CORPORATION PLC
      • 11.2.3.1. OVERVIEW
      • 11.2.3.2. PRODUCT PORTFOLIO
      • 11.2.3.3. STRATEGIC INITIATIVES
      • 11.2.3.4. SCOT ANALYSIS
    • 11.2.4. EXELON CORPORATION
      • 11.2.4.1. OVERVIEW
      • 11.2.4.2. PRODUCT PORTFOLIO
      • 11.2.4.3. STRATEGIC INITIATIVES
      • 11.2.4.4. SCOT ANALYSIS
    • 11.2.5. FAIRBANKS MORSE
      • 11.2.5.1. OVERVIEW
      • 11.2.5.2. PRODUCT PORTFOLIO
      • 11.2.5.3. STRATEGIC INITIATIVES
      • 11.2.5.4. SCOT ANALYSIS
    • 11.2.6. GENERAL ELECTRIC
      • 11.2.6.1. OVERVIEW
      • 11.2.6.2. PRODUCT PORTFOLIO
      • 11.2.6.3. STRATEGIC INITIATIVES
      • 11.2.6.4. SCOT ANALYSIS
    • 11.2.7. HITACHI LTD.
      • 11.2.7.1. OVERVIEW
      • 11.2.7.2. PRODUCT PORTFOLIO
      • 11.2.7.3. STRATEGIC INITIATIVES
      • 11.2.7.4. SCOT ANALYSIS
    • 11.2.8. SCHNEIDER ELECTRIC
      • 11.2.8.1. OVERVIEW
      • 11.2.8.2. PRODUCT PORTFOLIO
      • 11.2.8.3. STRATEGIC INITIATIVES
      • 11.2.8.4. SCOT ANALYSIS
    • 11.2.9. SIEMENS AG
      • 11.2.9.1. OVERVIEW
      • 11.2.9.2. PRODUCT PORTFOLIO
      • 11.2.9.3. STRATEGIC INITIATIVES
      • 11.2.9.4. SCOT ANALYSIS
    • 11.2.10. NATIONAL GRID
      • 11.2.10.1. OVERVIEW
      • 11.2.10.2. PRODUCT PORTFOLIO
      • 11.2.10.3. STRATEGIC INITIATIVES
      • 11.2.10.4. SCOT ANALYSIS
    • 11.2.11. FUELCELL ENERGY INC.
      • 11.2.11.1. OVERVIEW
      • 11.2.11.2. PRODUCT PORTFOLIO
      • 11.2.11.3. STRATEGIC INITIATIVES
      • 11.2.11.4. SCOT ANALYSIS
    • 11.2.12. NRG ENERGY INC.
      • 11.2.12.1. OVERVIEW
      • 11.2.12.2. PRODUCT PORTFOLIO
      • 11.2.12.3. STRATEGIC INITIATIVES
      • 11.2.12.4. SCOT ANALYSIS
    • 11.2.13. POWER ENGINEERS INCORPORATED
      • 11.2.13.1. OVERVIEW
      • 11.2.13.2. PRODUCT PORTFOLIO
      • 11.2.13.3. STRATEGIC INITIATIVES
      • 11.2.13.4. SCOT ANALYSIS
    • 11.2.14. PRINCETON POWER SYSTEMS
      • 11.2.14.1. OVERVIEW
      • 11.2.14.2. PRODUCT PORTFOLIO
      • 11.2.14.3. STRATEGIC INITIATIVES
      • 11.2.14.4. SCOT ANALYSIS
    • 11.2.15. S&C ELECTRIC COMPANY
      • 11.2.15.1. OVERVIEW
      • 11.2.15.2. PRODUCT PORTFOLIO
      • 11.2.15.3. STRATEGIC INITIATIVES
      • 11.2.15.4. SCOT ANALYSIS

LIST OF TABLES

  • TABLE 1. NORTH AMERICA MICROGRID MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
  • TABLE 2. NORTH AMERICA MICROGRID MARKET, BY OFFERINGS, 2019-2027 (IN $ MILLION)
  • TABLE 3. NORTH AMERICA MICROGRID MARKET, BY TYPES, 2019-2027 (IN $ MILLION)
  • TABLE 4. NORTH AMERICA MICROGRID MARKET, BY CONSUMPTION PATTERNS, 2019-2027 (IN $ MILLION)
  • TABLE 5. NORTH AMERICA MICROGRID MARKET, BY VERTICALS 2019-2027 (IN $ MILLION)
  • TABLE 6. OPPORTUNITY MATRIX
  • TABLE 7. VENDOR LANDSCAPE
  • TABLE 8. LEGAL, POLICY & REGULATORY FRAMEWORK
  • TABLE 9. NORTH AMERICA MICROGRID MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1. NORTH AMERICA MICROGRID MARKET, BY VERTICALS, 2018 & 2027 (IN %)
  • FIGURE 2. NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)
  • FIGURE 3. NORTH AMERICA MICROGRID MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)
  • FIGURE 4. NORTH AMERICA MICROGRID MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)
  • FIGURE 5. NORTH AMERICA MICROGRID MARKET, BY GRID CONNECTED, 2019-2027 (IN $ MILLION)
  • FIGURE 6. NORTH AMERICA MICROGRID MARKET, BY REMOTE/ISLAND/OFF-GRID, 2019-2027 (IN $ MILLION)
  • FIGURE 7. NORTH AMERICA MICROGRID MARKET, BY SEMI-URBAN, 2019-2027 (IN $ MILLION)
  • FIGURE 8. NORTH AMERICA MICROGRID MARKET, BY URBAN/METROPOLITAN, 2019-2027 (IN $ MILLION)
  • FIGURE 9. NORTH AMERICA MICROGRID MARKET, BY RURAL/ISLAND, 2019-2027 (IN $ MILLION)
  • FIGURE 10. NORTH AMERICA MICROGRID MARKET, BY INDUSTRIAL, 2019-2027 (IN $ MILLION)
  • FIGURE 11. NORTH AMERICA MICROGRID MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)
  • FIGURE 12. NORTH AMERICA MICROGRID MARKET, BY EDUCATION, 2019-2027 (IN $ MILLION)
  • FIGURE 13. NORTH AMERICA MICROGRID MARKET, BY MILITARY, 2019-2027 (IN $ MILLION)
  • FIGURE 14. NORTH AMERICA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2019-2027 (IN $ MILLION)
  • FIGURE 15. NORTH AMERICA MICROGRID MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
  • FIGURE 16. PORTER'S FIVE FORCE ANALYSIS
  • FIGURE 17. NORTH AMERICA MICROGRID MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
  • FIGURE 18. UNITED STATES MICROGRID MARKET, 2019-2027 (IN $ MILLION)
  • FIGURE 19. CANADA MICROGRID MARKET, 2019-2027 (IN $ MILLION)
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