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Market Research Report
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1023007

Microgrid Market with COVID-19 Impact Analysis by Connectivity (Grid Connected, Off-grid Connected), Offering (Hardware, Software, Services), End Use (Commercial & Industrial, Remote, Utilities), Pattern, Type, and Geography - Global Forecast to 2026

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Microgrid Market with COVID-19 Impact Analysis by Connectivity (Grid Connected, Off-grid Connected), Offering (Hardware, Software, Services), End Use (Commercial & Industrial, Remote, Utilities), Pattern, Type, and Geography - Global Forecast to 2026
Published: August 10, 2021
MarketsandMarkets
Content info: 243 Pages
Delivery time: 1-2 business days
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  • Table of Contents
Description

The global microgrid market is estimated to grow from USD 24.6 billion in 2021 to USD 42.3 billion by 2026 at a CAGR of 11.4% during 2021-2026. The growth of the microgrid market is driven by factors such as rising focus on decarbonization by various end users and government, increasing demand for uninterrupted power supply, growing adoption of microgrids for rural electrification, and rising instances of cyberattacks on energy infrastructures. Initiatives by governments of different countries to encourage the development of microgrids are also fueling the growth of the market.

"Grid connected segment to register higher CAGR during the forecast period"

The grid connected segment of the microgrid market is projected to register the highest CAGR during the forecast period, by connectivity. They offer a number of benefits, such as grid resiliency, improved power quality, and low impact on the environment, thereby leading to increased demand. The growth of this segment can be attributed to the expansion of utility-based grid networks globally, coupled with the large-scale harnessing of renewable sources of energy, including offshore winds.

" Hardware segment is estimated to hold the largest share of the market during the forecast period"

The hardware segment of the microgrid market is estimated to register the largest market share in 2026, by offering. The hardware of microgrids comprises power generators, energy storage & distribution systems, and controllers. The key drivers for the growth of the microgrid market for the hardware segment include the growing number of microgrid projects worldwide, decreasing costs of energy storage and renewable sources of energy, and increasing government initiatives to promote the use of clean energy and minimize greenhouse gas (GHG) emissions.

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"Controllers for microgrid hardware segment to register higher CAGR during the forecast period"

The controllers segment of the microgrid hardware market is projected to register the highest CAGR during the forecast period, by hardware type. Smart meters are expected to witness increased demand globally due to the growing requirement for record maintenance by utility companies for monitoring and billing purposes. Smart meters enable remote data collection for billing and offer improved power quality (PQ).

"Remote segment is estimated to hold the largest share of the market during the forecast period"

The remote segment of the microgrid market is estimated to register the largest market share in 2026, by end use. Key factors driving the demand for microgrids for rural electrification are the growing government support and surge in the deployment of microgrid projects in remote areas. Governments of different countries are increasingly investing in the development of electricity infrastructures to provide low-cost and clean electricity. This results in increased demand for microgrids in remote areas to generate power, as well as to manage and control distributed energy resources.

"APAC is projected to become the fastest geographical market between 2021 and 2026"

APAC is expected to witness the highest CAGR in the microgrid market during the forecast period. The growth of the market in APAC can be attributed to the high rate of rural electrification in several economies such as India, Malaysia, and the Philippines. The large number of unelectrified islands in Indonesia and the Philippines, and the lack of proper electricity infrastructure in emerging economies led to the demand for cost-effective microgrids in the region. This is expected to contribute to the growth of the microgrid market in APAC during the forecast period.

Breakdown of profiles of primary participants:

  • By Company: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
  • By Designation: C-level Executives = 35%, Directors = 30%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 35%
  • By Region: Americas = 40%, Europe= 25%, APAC=20%, and ROW=15%

Major players profiled in this report:

The microgrid market is dominated by a few established players such as ABB (Switzerland), General Electric Company (US), Siemens (Germany), Eaton Corporation (Ireland), and Schneider Electric (France).

Research coverage

This report offers detailed insights into the microgrid market based on connectivity (grid connected, off-grid connected), offering (hardware, software, services), type (AC microgrids, DC microgrids, hybrid), patterns (urban/metropolitan, semiurban, rural areas/ islands), end use (commercial & industrial, remote, institutes & campuses, government, utilities, military, and healthcare), and region (Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East and Africa (MEA)) and Africa.

The report also provides a comprehensive review of microgrid market drivers, restraints, opportunities, and challenges in the market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the microgrid market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents
Product Code: SE 2881

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 DEFINITION AND SCOPE
    • 1.2.1 INCLUSIONS AND EXCLUSIONS: OFFERING SEGMENT
    • 1.2.2 INCLUSIONS AND EXCLUSIONS: OTHER SEGMENTS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • FIGURE 1 MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
    • 1.3.3 YEARS CONSIDERED
  • 1.4 CURRENCY
  • 1.5 LIMITATIONS
  • 1.6 SUMMARY OF CHANGES
  • 1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 MICROGRID MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 Major secondary sources
      • 2.1.1.2 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Primary interviews with experts
      • 2.1.2.2 List of key primary interview participants
      • 2.1.2.3 Breakdown of primaries
      • 2.1.2.4 Key data from primary sources
    • 2.1.3 SECONDARY AND PRIMARY RESEARCH
      • 2.1.3.1 Key industry insights
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach used to arrive at market size using bottom-up analysis
    • FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
      • 2.2.1.2 Approach for obtaining company-specific information in microgrid value chain
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach used to arrive at market size using top-down analysis
    • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    • 2.2.3 MICROGRID MARKET: SUPPLY-SIDE ANALYSIS
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF MICROGRIDS
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): REVENUE FROM MICROGRID HARDWARE, SOFTWARE & SERVICES
    • 2.2.4 MICROGRID MARKET: DEMAND-SIDE ANALYSIS
    • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) - BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF MICROGRID MARKET BASED ON REGION
    • 2.2.5 GROWTH FORECAST ASSUMPTIONS
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 8 DATA TRIANGULATION METHODOLOGY
  • 2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

    • FIGURE 9 MICROGRID MARKET: PRE- AND POST-COVID-19 SCENARIO ANALYSIS, 2017-2026 (USD BILLION)
  • 3.1 REALISTIC SCENARIO (POST-COVID-19)
  • 3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
  • 3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
    • FIGURE 10 MICROGRID MARKET FOR GRID CONNECTED SEGMENT TO RECORD HIGHEST CAGR FROM 2021 TO 2026
    • FIGURE 11 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID MARKET FROM 2021 TO 2026
    • FIGURE 12 CONTROLLERS SEGMENT TO RECORD HIGHEST CAGR IN MICROGRID HARDWARE MARKET FROM 2021 TO 2026
    • FIGURE 13 REMOTE END USE SEGMENT TO HOLD LARGEST SHARE OF MICROGRID MARKET FROM 2021 TO 2026
    • FIGURE 14 MICROGRID MARKET IN APAC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHT

  • 4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MICROGRID MARKET
    • FIGURE 15 INCREASING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY DRIVING GROWTH OF MICROGRID MARKET
  • 4.2 MICROGRID MARKET IN APAC, BY END USE AND COUNTRY
    • FIGURE 16 REMOTE SEGMENT AND AUSTRALIA TO ACCOUNT FOR LARGEST SHARES OF MICROGRID MARKET IN APAC IN 2020
  • 4.3 MICROGRID MARKET, BY OFFERING
    • FIGURE 17 HARDWARE SEGMENT TO HOLD LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD
  • 4.4 MICROGRID MARKET, BY HARDWARE TYPE
    • FIGURE 18 POWER GENERATORS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID HARDWARE MARKET FROM 2021 TO 2026
  • 4.5 MICROGRID MARKET, BY CONNECTIVITY
    • FIGURE 19 GRID CONNECTED SEGMENT TO ACCOUNT FOR LARGER SIZE OF MICROGRID MARKET FROM 2021 TO 2026
  • 4.6 MICROGRID MARKET, BY END USE
    • FIGURE 20 COMMERCIAL & INDUSTRIAL SEGMENT TO HOLD LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD
  • 4.7 REGIONAL ANALYSIS OF MICROGRID MARKET
    • FIGURE 21 AMERICAS TO HOLD LARGEST SHARE OF MICROGRID MARKET FROM 2021 TO 2026

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 22 MICROGRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Rising focus on decarbonization by various end users and governments
    • FIGURE 23 NUMBER OF MICROGRID PROJECTS, BY SIZE /CAPACITY (MW), 2017-2026
      • 5.2.1.2 Increasing demand for uninterrupted and reliable power supply
    • FIGURE 24 ABB MICROGRID PROJECTS, 2000-2019
      • 5.2.1.3 Growing adoption of microgrids for rural electrification
      • 5.2.1.4 Rising instances of cyberattacks on energy infrastructures
    • FIGURE 25 DRIVERS AND THEIR IMPACT ON MICROGRID MARKET
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Huge installation and maintenance costs of microgrids
    • FIGURE 26 RESTRAINTS AND THEIR IMPACT ON MICROGRID MARKET
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Growing number of microgrid projects for different verticals
    • TABLE 1 MICROGRID PROJECTS IN VARIOUS VERTICALS WORLDWIDE
    • FIGURE 27 MICROGRID PROJECT COUNT, BY REGION, 2017-2026
      • 5.2.3.2 Increasing energy demand and need for expansion of renewable energy in APAC
      • 5.2.3.3 Rising investor interest in EaaS business model to minimize costs
    • TABLE 2 BUSINESS MODEL OF COMPANIES IN MICROGRID ECOSYSTEM
      • 5.2.3.4 Government support to encourage development of microgrids
    • FIGURE 28 MICROGRID INSTALLED BASE, BY REGION, 2017-2026 (MW)
    • FIGURE 29 OPPORTUNITIES AND THEIR IMPACT ON MICROGRID MARKET
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Lack of standard and regulatory frameworks related to microgrid operations
      • 5.2.4.2 Technical challenges of island mode microgrids
    • FIGURE 30 CHALLENGES AND THEIR IMPACT ON MICROGRID MARKET

6 INDUSTRY TRENDS

  • 6.1 INTRODUCTION
  • 6.2 VALUE CHAIN ANALYSIS
    • FIGURE 31 MICROGRID MARKET: VALUE CHAIN ANALYSIS
  • 6.3 ECOSYSTEM/MARKET MAP
    • TABLE 3 MICROGRID MARKET: SUPPLY CHAIN
  • 6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
    • 6.4.1 EMERGING AREAS AND REVENUE POCKETS FOR MICROGRID MARKET
    • FIGURE 32 REVENUE SHIFT FOR MICROGRID MARKET
  • 6.5 KEY TECHNOLOGY TRENDS
    • 6.5.1 BLOCKCHAIN BASED MICROGRIDS/ BLOCKCHAIN MICROGRID
    • 6.5.2 SMART MICROGRIDS
    • 6.5.3 ADVENT OF AI BASED MICROGRIDS
  • 6.6 PRICING ANALYSIS
    • FIGURE 33 MICROGRID PRICING TREND FOR GRID STORAGE AND GRID GENERATION (USD MILLION/MW)
    • TABLE 4 MICROGRID SOFTWARE & SERVICE COST PER MONTH FOR DIFFERENT END USERS IN 2020
    • TABLE 5 AUTOMATION CONTROLLER PRICE FOR MICROGRIDS IN 2020
  • 6.7 LIST OF KEY PATENTS AND INNOVATIONS
    • FIGURE 34 NUMBER OF PATENTS/DOCUMENTS FILED BY TOP APPLICANTS FOR MICROGRIDS WORLDWIDE, 2017-2020
    • FIGURE 35 COUNTRY-WISE ANALYSIS OF PATENTS FILED BY PLAYERS IN MICROGRID MARKET, 2017-2020
    • TABLE 6 KEY PATENTS AND INNOVATIONS IN MICROGRID MARKET, 2017-2021
  • 6.8 TRADE DATA
    • TABLE 7 EXPORT DATA FOR ELECTRIC MOTORS AND GENERATORS, HS CODE: 8501 (USD MILLION)
    • FIGURE 36 ELECTRIC MOTORS AND GENERATORS - EXPORT VALUE FOR MAJOR COUNTRIES, 2016-2020
    • TABLE 8 IMPORT DATA FOR ELECTRIC MOTORS AND GENERATORS, HS CODE: 8501 (USD MILLION)
    • FIGURE 37 ELECTRIC MOTORS AND GENERATORS - IMPORT VALUE FOR MAJOR COUNTRIES, 2016-2020
  • 6.9 CASE STUDIES: MICROGRID MARKET
    • 6.9.1 GE: UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY (CANADA)
    • TABLE 9 GE: BATTERY ENERGY STORAGE SYSTEM (BESS) FOR CAMPUS
    • 6.9.2 GE: NAVY SHIPYARD PROJECT IN PHILADELPHIA (US)
    • TABLE 10 GE: MICROGRID ENERGY MANAGEMENT SYSTEM
    • 6.9.3 HOMER ENERGY: ACE NATURAL, NEW YORK (US)
    • TABLE 11 HOMER ENERGY: HOMER GRID
    • 6.9.4 S&C ELECTRIC: HALF MOON VENTURES, MINSTER, OHIO (US)
    • TABLE 12 S&C ELECTRIC: ENERGY STORAGE FOR MICROGRIDS
    • 6.9.5 S&C ELECTRIC: ERGON ENERGY, QUEENSLAND (AUSTRALIA)
    • TABLE 13 S&C ELECTRIC: ENERGY STORAGE SYSTEM FOR MICROGRIDS
  • 6.10 TARIFF AND REGULATORY LANDSCAPE
    • 6.10.1 CARBON-REDUCTION POLICY TRENDS IN ENERGY
    • 6.10.2 CLIMATE SOLUTIONS ACT
    • 6.10.3 TARRIF AND REGULATIONS IN PRECISION FARMING AND SMART GREENHOUSES
    • TABLE 14 TARIFF REGULATIONS: PRECISION FARMING AND SMART GREENHOUSES
  • 6.11 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 38 MICROGRID MARKET: PORTER'S FIVE FORCES ANALYSIS
    • TABLE 15 MICROGRID MARKET: PORTER'S FIVE FORCES ANALYSIS, 2020
    • 6.11.1 THREAT OF NEW ENTRANTS
    • 6.11.2 THREAT OF SUBSTITUTES
    • 6.11.3 BARGAINING POWER OF SUPPLIERS
    • 6.11.4 BARGAINING POWER OF BUYERS
    • 6.11.5 INTENSITY OF COMPETITIVE RIVALRY

7 MICROGRID MARKET, BY CONNECTIVITY

  • 7.1 INTRODUCTION
    • TABLE 16 MICROGRID MARKET, BY CONNECTIVITY, 2017-2020 (USD BILLION)
    • FIGURE 39 GRID CONNECTED MICROGRIDS TO ACCOUNT FOR LARGER SIZE OF MICROGRID MARKET DURING FORECAST PERIOD
    • TABLE 17 MICROGRID MARKET, BY CONNECTIVITY, 2021-2026 (USD BILLION)
  • 7.2 OFF-GRID CONNECTED
    • 7.2.1 GROWING OFF-GRID SOLAR PROJECTS TO CREATE NEW MARKET OPPORTUNITIES
    • TABLE 18 OFF-GRID CONNECTED MARKET, BY REGION, 2017-2020 (USD BILLION)
    • FIGURE 40 AMERICAS TO HOLD LARGEST SIZE OF OFF-GRID CONNECTED MICROGRID MARKET DURING FORECAST PERIOD
    • TABLE 19 OFF-GRID CONNECTED MARKET, BY REGION, 2021-2026 (USD BILLION)
    • TABLE 20 OFF-GRID CONNECTED MARKET, BY END USER, 2017-2020 (USD BILLION)
    • TABLE 21 OFF-GRID CONNECTED MARKET, BY END USER, 2021-2026 (USD BILLION)
  • 7.3 GRID CONNECTED
    • 7.3.1 GRID CONNECTED SEGMENT ACCOUNTED FOR LARGER SIZE OF MICROGRID MARKET IN 2020
    • TABLE 22 GRID CONNECTED MARKET, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 23 GRID CONNECTED MARKET, BY REGION, 2021-2026 (USD BILLION)
    • TABLE 24 GRID CONNECTED MARKET, BY END USER, 2017-2020 (USD BILLION)
    • TABLE 25 GRID CONNECTED MARKET, BY END USER, 2021-2026 (USD BILLION)

8 MICROGRID MARKET, BY OFFERING

  • 8.1 INTRODUCTION
    • TABLE 26 MICROGRID MARKET, BY OFFERING, 2017-2020 (USD BILLION)
    • FIGURE 41 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD
    • TABLE 27 MICROGRID MARKET, BY OFFERING, 2021-2026 (USD BILLION)
    • TABLE 28 MICROGRID HARDWARE MARKET, BY TYPE, 2017-2020 (USD BILLION)
    • TABLE 29 MICROGRID HARDWARE MARKET, BY TYPE, 2021-2026 (USD BILLION)
  • 8.2 HARDWARE
    • TABLE 30 MICROGRID HARDWARE MARKET, BY REGION, 2017-2020 (USD BILLION)
    • FIGURE 42 MICROGRID MARKET IN APAC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 31 MICROGRID HARDWARE MARKET, BY REGION, 2021-2026 (USD BILLION)
    • 8.2.1 POWER GENERATORS
      • 8.2.1.1 Power generators segment to account for largest size of microgrid hardware market from 2021 to 2026
    • TABLE 32 MICROGRID HARDWARE MARKET FOR POWER GENERATORS, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 33 MICROGRID HARDWARE MARKET FOR POWER GENERATORS, BY REGION, 2021-2026 (USD BILLION)
    • 8.2.2 ENERGY STORAGE & DISTRIBUTION SYSTEMS
      • 8.2.2.1 Growing need for energy storage systems to optimize delivery of power
    • TABLE 34 MICROGRID HARDWARE MARKET FOR ENERGY STORAGE & DISTRIBUTION SYSTEMS, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 35 MICROGRID HARDWARE MARKET FOR ENERGY STORAGE & DISTRIBUTION SYSTEMS, BY REGION, 2021-2026 (USD BILLION)
    • 8.2.3 CONTROLLERS
      • 8.2.3.1 Required to monitor and optimally carry out different functions of microgrids
    • TABLE 36 MICROGRID HARDWARE MARKET FOR CONTROLLERS, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 37 MICROGRID HARDWARE MARKET FOR CONTROLLERS, BY REGION, 2021-2026 (USD BILLION)
  • 8.3 SOFTWARE
    • 8.3.1 SOFTWARE SEGMENT OF MICROGRID MARKET PROJECTED TO RECORD HIGHEST CAGR FROM 2021 TO 2026
    • TABLE 38 MICROGRID SOFTWARE MARKET, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 39 MICROGRID SOFTWARE MARKET, BY REGION, 2021-2026 (USD BILLION)
  • 8.4 SERVICES
    • 8.4.1 RISING NUMBER OF MICROGRID INSTALLATIONS TO CREATE NEW OPPORTUNITIES FOR SERVICES SEGMENT
    • TABLE 40 MICROGRID SERVICES MARKET, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 41 MICROGRID SERVICES MARKET, BY REGION, 2021-2026 (USD BILLION)

9 TYPES OF MICROGRIDS

  • 9.1 INTRODUCTION
  • 9.2 AC MICROGRIDS
    • 9.2.1 ELIMINATE REQUIREMENT FOR INVERTERS TO SUPPLY POWER TO AC LOADS
  • 9.3 DC MICROGRIDS
    • 9.3.1 OFFER HIGHER EFFICIENCY, RELIABILITY, AND STABILITY
  • 9.4 HYBRID
    • 9.4.1 USE OF DIFFERENT ENERGY SOURCES FOR POWER GENERATION REDUCES DEPENDENCE ON FOSSIL FUEL

10 PATTERNS OF MICROGRIDS

  • 10.1 INTRODUCTION
  • 10.2 URBAN/METROPOLITAN
    • 10.2.1 INCREASING DEVELOPMENT OF MICROGRIDS IN URBAN AREAS LEADING TO GROWTH OF MICROGRID MARKET
    • FIGURE 43 DRIVERS OF MICROGRID MARKET IN URBAN/METROPOLITAN SEGMENT
  • 10.3 SEMIURBAN
    • 10.3.1 GROWING INITIATIVES TO DEVELOP MICROGRIDS FOR SEMIURBAN AREAS IN VARIOUS COUNTRIES
  • 10.4 RURAL/ISLAND
    • 10.4.1 LARGE NUMBER OF ELECTRIFICATION PROJECTS LEADING TO GROWTH OF MICROGRID MARKET

11 MICROGRID MARKET, BY END USE

  • 11.1 INTRODUCTION
    • TABLE 42 MICROGRID MARKET, BY END USE, 2017-2020 (USD BILLION)
    • FIGURE 44 REMOTE END USE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD
    • TABLE 43 MICROGRID MARKET, BY END USE, 2021-2026 (USD BILLION)
  • 11.2 COMMERCIAL & INDUSTRIAL
    • 11.2.1 COMMERCIAL & INDUSTRIAL SEGMENT TO RECORD HIGHEST CAGR FROM 2021 TO 2026
    • TABLE 44 MICROGRID MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 45 MICROGRID MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2021-2026 (USD BILLION)
  • 11.3 REMOTE
    • 11.3.1 MICROGRID MARKET IN APAC FOR REMOTE SEGMENT TO RECORD HIGHEST CAGR FROM 2021 TO 2026
    • TABLE 46 MICROGRID MARKET FOR REMOTE, BY REGION, 2017-2020 (USD BILLION)
    • FIGURE 45 APAC TO WITNESS HIGHEST CAGR IN REMOTE END USE SEGMENT FROM 2021 TO 2026
    • TABLE 47 MICROGRID MARKET FOR REMOTE, BY REGION, 2021-2026 (USD BILLION)
  • 11.4 INSTITUTES & CAMPUSES
    • 11.4.1 INCREASED ADOPTION OF MICROGRIDS TO ENSURE UNINTERRUPTED POWER SUPPLY
    • TABLE 48 MICROGRID MARKET FOR INSTITUTES & CAMPUSES, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 49 MICROGRID MARKET FOR INSTITUTES & CAMPUSES, BY REGION, 2021-2026 (USD BILLION)
  • 11.5 GOVERNMENT
    • 11.5.1 DECLINE IN PRICES OF ELECTRICITY GENERATED FROM RENEWABLE ENERGY SOURCES LEADING TO RISING ADOPTION OF MICROGRIDS
    • TABLE 50 MICROGRID MARKET FOR GOVERNMENT, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 51 MICROGRID MARKET FOR GOVERNMENT, BY REGION, 2021-2026 (USD BILLION)
  • 11.6 UTILITIES
    • 11.6.1 MICROGRIDS PROVIDE UTILITIES WITH LESS EXPENSIVE ALTERNATIVE
    • TABLE 52 MICROGRID MARKET FOR UTILITIES, BY REGION, 2017-2020 (USD BILLION)
    • FIGURE 46 AMERICAS TO DOMINATE MICROGRID MARKET FOR MILITARY USE SEGMENT FROM 2021 TO 2026
    • TABLE 53 MICROGRID MARKET FOR UTILITIES, BY REGION, 2021-2026 (USD BILLION)
  • 11.7 MILITARY
    • 11.7.1 WIDE USE OF MICROGRIDS FOR ENERGY SECURITY AND RESILIENCY
    • TABLE 54 MICROGRID MARKET FOR MILITARY, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 55 MICROGRID MARKET FOR MILITARY, BY REGION, 2021-2026 (USD BILLION)
  • 11.8 HEALTHCARE
    • 11.8.1 RISING ADOPTION OF MICROGRIDS IN HOSPITALS DURING COVID-19 PANDEMIC
    • TABLE 56 MICROGRID MARKET FOR HEALTHCARE, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 57 MICROGRID MARKET FOR HEALTHCARE, BY REGION, 2021-2026 (USD BILLION)

12 GEOGRAPHIC ANALYSIS

  • 12.1 INTRODUCTION
    • FIGURE 47 MICROGRID MARKET IN SOUTH KOREA TO RECORD HIGHEST CAGR FROM 2021 TO 2026
    • TABLE 58 MICROGRID MARKET, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 59 MICROGRID MARKET, BY REGION, 2021-2026 (USD BILLION)
    • TABLE 60 MICROGRID INSTALLED CAPACITY, BY REGION, 2017-2020 (MW)
    • TABLE 61 MICROGRID INSTALLED CAPACITY, BY REGION, 2021-2026 (MW)
  • 12.2 AMERICAS
    • FIGURE 48 AMERICAS: MICROGRID MARKET SNAPSHOT
    • TABLE 62 MICROGRID MARKET IN AMERICAS, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 63 MICROGRID MARKET IN AMERICAS, BY REGION, 2021-2026 (USD BILLION)
    • TABLE 64 MICROGRID MARKET IN AMERICAS, BY CONNECTIVITY, 2017-2020 (USD BILLION)
    • TABLE 65 MICROGRID MARKET IN AMERICAS, BY CONNECTIVITY, 2021-2026 (USD BILLION)
    • TABLE 66 MICROGRID MARKET IN AMERICAS, BY OFFERING, 2017-2020 (USD BILLION)
    • TABLE 67 MICROGRID MARKET IN AMERICAS, BY OFFERING, 2021-2026 (USD BILLION)
    • TABLE 68 MICROGRID HARDWARE MARKET IN AMERICAS, BY TYPE, 2017-2020 (USD BILLION)
    • TABLE 69 MICROGRID HARDWARE MARKET IN AMERICAS, BY TYPE, 2021-2026 (USD BILLION)
    • TABLE 70 MICROGRID MARKET IN AMERICAS, BY END USE, 2017-2020 (USD BILLION)
    • TABLE 71 MICROGRID MARKET IN AMERICAS, BY END USE, 2021-2026 (USD BILLION)
    • 12.2.1 NORTH AMERICA
    • TABLE 72 MICROGRID MARKET IN NORTH AMERICA, BY COUNTRY, 2017-2020 (USD BILLION)
    • TABLE 73 MICROGRID MARKET IN NORTH AMERICA, BY COUNTRY, 2021-2026 (USD BILLION)
    • TABLE 74 MICROGRID MARKET IN NORTH AMERICA, BY CONNECTIVITY, 2017-2020 (USD BILLION)
    • TABLE 75 MICROGRID MARKET IN NORTH AMERICA, BY CONNECTIVITY, 2021-2026 (USD BILLION)
    • TABLE 76 MICROGRID MARKET IN NORTH AMERICA, BY OFFERING, 2017-2020 (USD BILLION)
    • TABLE 77 MICROGRID MARKET IN NORTH AMERICA, BY OFFERING, 2021-2026 (USD BILLION)
    • TABLE 78 MICROGRID HARDWARE MARKET IN NORTH AMERICA, BY TYPE, 2017-2020 (USD BILLION)
    • TABLE 79 MICROGRID HARDWARE MARKET IN NORTH AMERICA, BY TYPE, 2021-2026 (USD BILLION)
    • TABLE 80 MICROGRID MARKET IN NORTH AMERICA, BY END USE, 2017-2020 (USD BILLION)
    • TABLE 81 MICROGRID MARKET IN NORTH AMERICA, BY END USER, 2021-2026 (USD BILLION)
      • 12.2.1.1 US
        • 12.2.1.1.1 Growing use of renewable energy sources in microgrids and presence of key players to drive market from 2021 to 2026
    • TABLE 82 MICROGRID PROJECTS IN THE US FROM 2017 TO 2020
      • 12.2.1.2 Canada
        • 12.2.1.2.1 Remote communities to create opportunities for microgrid developers
    • TABLE 83 MICROGRID PROJECTS IN CANADA FROM 2017 TO 2019
      • 12.2.1.3 Mexico
        • 12.2.1.3.1 Mexican market to record highest CAGR in North America from 2021 to 2026
    • 12.2.2 SOUTH AMERICA
    • TABLE 84 MICROGRID MARKET IN SOUTH AMERICA, BY COUNTRY, 2017-2020 (USD BILLION)
    • TABLE 85 MICROGRID MARKET IN SOUTH AMERICA, BY COUNTRY, 2021-2026 (USD BILLION)
    • TABLE 86 MICROGRID MARKET IN SOUTH AMERICA, BY CONNECTIVITY, 2017-2020 (USD BILLION)
    • TABLE 87 MICROGRID MARKET IN SOUTH AMERICA, BY CONNECTIVITY, 2021-2026 (USD BILLION)
    • TABLE 88 MICROGRID MARKET IN SOUTH AMERICA, BY OFFERING, 2017-2020 (USD BILLION)
    • TABLE 89 MICROGRID MARKET IN SOUTH AMERICA, BY OFFERING, 2021-2026 (USD BILLION)
    • TABLE 90 MICROGRID HARDWARE MARKET IN SOUTH AMERICA, BY TYPE, 2017-2020 (USD BILLION)
    • TABLE 91 MICROGRID HARDWARE MARKET IN SOUTH AMERICA, BY TYPE, 2021-2026(USD BILLION)
    • TABLE 92 MICROGRID MARKET IN SOUTH AMERICA, BY END USE, 2017-2020 (USD BILLION)
    • TABLE 93 MICROGRID MARKET IN SOUTH AMERICA, BY END USE, 2021-2026 (USD BILLION)
      • 12.2.2.1 Brazil
        • 12.2.2.1.1 Brazil to dominate microgrid market in South America from 2021 to 2026
      • 12.2.2.2 Argentina
        • 12.2.2.2.1 Focus on renewable energy sources and development of smart grids
      • 12.2.2.3 Rest of South America
  • 12.3 EUROPE
    • FIGURE 49 EUROPE: MICROGRID MARKET SNAPSHOT
    • TABLE 94 MICROGRID MARKET IN EUROPE, BY COUNTRY, 2017-2020 (USD BILLION)
    • TABLE 95 MICROGRID MARKET IN EUROPE, BY COUNTRY, 2021-2026 (USD BILLION)
    • TABLE 96 MICROGRID MARKET IN EUROPE, BY CONNECTIVITY, 2017-2020 (USD BILLION)
    • TABLE 97 MICROGRID MARKET IN EUROPE, BY CONNECTIVITY, 2021-2026 (USD BILLION)
    • TABLE 98 MICROGRID MARKET IN EUROPE, BY OFFERING, 2017-2020 (USD BILLION)
    • TABLE 99 MICROGRID MARKET IN EUROPE, BY OFFERING, 2021-2026 (USD BILLION)
    • TABLE 100 MICROGRID HARDWARE MARKET IN EUROPE, BY TYPE, 2017-2020 (USD BILLION)
    • TABLE 101 MICROGRID HARDWARE MARKET IN EUROPE, BY TYPE, 2021-2026 (USD BILLION)
    • TABLE 102 MICROGRID MARKET IN EUROPE, BY END USE, 2017-2020 (USD MILLION)
    • TABLE 103 MICROGRID MARKET IN EUROPE, BY END USE, 2021-2026 (USD MILLION)
    • TABLE 104 MICROGRID PROJECTS IN EUROPE FROM 2017 TO 2021
    • 12.3.1 UK
      • 12.3.1.1 Rising use of microgrids to reduce waste heat generated by traditional systems
    • TABLE 105 MICROGRID PROJECTS IN THE UK FROM 2017 TO 2021
    • 12.3.2 GERMANY
      • 12.3.2.1 Growing adoption of microgrids due to government initiatives
    • 12.3.3 FRANCE
      • 12.3.3.1 Increase in government investments to promote adoption of microgrids
    • 12.3.4 ITALY
      • 12.3.4.1 Rising installations of PV systems to boost demand for microgrids
    • 12.3.5 REST OF EUROPE
    • TABLE 106 MICROGRID PROJECTS IN REST OF EUROPE FROM 2017 TO 2019
  • 12.4 APAC
    • FIGURE 50 APAC: MICROGRID MARKET SNAPSHOT
    • TABLE 107 MICROGRID MARKET IN APAC, BY COUNTRY, 2017-2020 (USD BILLION)
    • TABLE 108 MICROGRID MARKET IN APAC, BY COUNTRY, 2021-2026 (USD BILLION)
    • TABLE 109 MICROGRID MARKET IN APAC, BY CONNECTIVITY, 2017-2020 (USD BILLION)
    • TABLE 110 MICROGRID MARKET IN APAC, BY CONNECTIVITY, 2021-2026 (USD BILLION)
    • TABLE 111 MICROGRID MARKET IN APAC, BY OFFERING, 2017-2020 (USD BILLION)
    • TABLE 112 MICROGRID MARKET IN APAC, BY OFFERING, 2021-2026 (USD BILLION)
    • TABLE 113 MICROGRID HARDWARE MARKET IN APAC, BY TYPE, 2017-2020 (USD BILLION)
    • TABLE 114 MICROGRID HARDWARE MARKET IN APAC, BY TYPE, 2021-2026 (USD BILLION)
    • TABLE 115 MICROGRID MARKET IN APAC, BY END USE, 2017-2020 (USD BILLION)
    • TABLE 116 MICROGRID MARKET IN APAC, BY END USE, 2021-2026 (USD BILLION)
    • 12.4.1 AUSTRALIA
      • 12.4.1.1 Australia to lead microgrid market in APAC from 2021 to 2026
    • TABLE 117 MICROGRID PROJECTS IN AUSTRALIA FROM 2017 TO 2020
    • 12.4.2 CHINA
      • 12.4.2.1 Increasing government initiatives to promote use of clean energy
    • TABLE 118 MICROGRID PROJECTS IN CHINA FROM 2017 TO 2018
    • 12.4.3 JAPAN
      • 12.4.3.1 Growing need for reliable power supply fueling growth of microgrid market
    • 12.4.4 SOUTH KOREA
      • 12.4.4.1 South Korea to record highest CAGR from 2021 to 2026
    • 12.4.5 REST OF APAC
    • TABLE 119 MICROGRID PROJECTS IN REST OF APAC FROM 2017 TO 2021
  • 12.5 ROW
    • TABLE 120 MICROGRID MARKET IN ROW, BY REGION, 2017-2020 (USD BILLION)
    • TABLE 121 MICROGRID MARKET IN ROW, BY REGION, 2021-2026 (USD BILLION)
    • TABLE 122 MICROGRID MARKET IN ROW, BY CONNECTIVITY, 2017-2020 (USD BILLION)
    • TABLE 123 MICROGRID MARKET IN ROW, BY CONNECTIVITY, 2021-2026 (USD BILLION)
    • TABLE 124 MICROGRID MARKET IN ROW, BY OFFERING, 2017-2020 (USD BILLION)
    • TABLE 125 MICROGRID MARKET IN ROW, BY OFFERING, 2021-2026 (USD BILLION)
    • TABLE 126 MICROGRID HARDWARE MARKET IN ROW, BY TYPE, 2017-2020 (USD BILLION)
    • TABLE 127 MICROGRID HARDWARE MARKET IN ROW, BY TYPE, 2021-2026 (USD BILLION)
    • TABLE 128 MICROGRID MARKET IN ROW, BY END USE, 2017-2020 (USD BILLION)
    • TABLE 129 MICROGRID MARKET IN ROW, BY END USE, 2021-2026 (USD BILLION)
    • 12.5.1 MIDDLE EAST
      • 12.5.1.1 Growth of healthcare sector and rising demand for reliable power supply contribute to growth of microgrid market
    • TABLE 130 MICROGRID PROJECTS IN THE MIDDLE EAST IN 2018
    • 12.5.2 AFRICA
      • 12.5.2.1 Africa to account for large share of RoW microgrid market from 2021 to 2026
    • TABLE 131 MICROGRID PROJECTS IN AFRICA FROM 2017 TO 2020

13 COMPETITIVE LANDSCAPE

  • 13.1 INTRODUCTION
    • TABLE 132 OVERVIEW OF STRATEGIES ADOPTED BY KEY MICROGRID PROVIDERS
    • FIGURE 51 PRODUCT LAUNCHES AND ACQUISITIONS STRATEGIES ADOPTED BY KEY PLAYERS FROM FEBRUARY 2017 TO MAY 2021
  • 13.2 MARKET SHARE ANALYSIS, 2020
    • TABLE 133 MICROGRID MARKET: DEGREE OF COMPETITION
  • 13.3 REVENUE ANALYSIS
    • FIGURE 52 REVENUE ANALYSIS: TOP 5 PLAYERS
  • 13.4 COMPANY EVALUATION QUADRANT
    • 13.4.1 STARS
    • 13.4.2 PERVASIVE
    • 13.4.3 EMERGING LEADERS
    • 13.4.4 PARTICIPANTS
    • FIGURE 53 MICROGRID MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020
  • 13.5 SME EVALUATION MATRIX FOR MICROGRID MARKET, 2020
    • 13.5.1 PROGRESSIVE COMPANIES
    • 13.5.2 RESPONSIVE COMPANIES
    • 13.5.3 DYNAMIC COMPANIES
    • 13.5.4 STARTING BLOCKS
    • FIGURE 54 MICROGRID MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, SME ECOSYSTEM, 2020
  • 13.6 COMPETITIVE BENCHMARKING
    • TABLE 134 COMPANY PRODUCT FOOTPRINT (25 COMPANIES)
    • TABLE 135 COMPANY OFFERINGS FOOTPRINT
    • TABLE 136 COMPANY END USE FOOTPRINT (25 COMPANIES)
    • TABLE 137 COMPANY REGION FOOTPRINT (25 COMPANIES)
  • 13.7 COMPETITIVE SITUATION AND TRENDS
    • 13.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS
    • TABLE 138 MICROGRID MARKET: PRODUCT LAUNCHES, JANUARY 2017-MAY 2021
    • 13.7.2 DEALS
    • TABLE 139 MICROGRID MARKET: DEALS, MARCH 2017-MAY 2021

14 COMPANY PROFILE

  • (Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**
  • 14.1 KEY PLAYERS
    • 14.1.1 ABB (HITACHI ABB POWER GRIDS)
    • TABLE 140 ABB: BUSINESS OVERVIEW
    • FIGURE 55 ABB: COMPANY SNAPSHOT
    • TABLE 141 ABB: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 142 ABB: PRODUCT LAUNCHES
    • TABLE 143 ABB: DEALS
    • 14.1.2 GENERAL ELECTRIC (GE)
    • TABLE 144 GENERAL ELECTRIC: BUSINESS OVERVIEW
    • FIGURE 56 GENERAL ELECTRIC: COMPANY SNAPSHOT
    • TABLE 145 GENERAL ELECTRIC: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 146 GENERAL ELECTRIC: PRODUCT LAUNCHES
    • TABLE 147 GENERAL ELECTRIC: DEALS
    • 14.1.3 SIEMENS
    • TABLE 148 SIEMENS: BUSINESS OVERVIEW
    • FIGURE 57 SIEMENS: COMPANY SNAPSHOT
    • TABLE 149 SIEMENS: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 150 SIEMENS: PRODUCT LAUNCHES
    • TABLE 151 SIEMENS: DEALS
    • 14.1.4 EATON CORPORATION
    • TABLE 152 EATON CORPORATION: BUSINESS OVERVIEW
    • FIGURE 58 EATON CORPORATION: COMPANY SNAPSHOT
    • TABLE 153 EATON CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 154 EATON CORPORATION: PRODUCT LAUNCHES
    • TABLE 155 EATON CORPORATION: DEALS
    • TABLE 156 EATON CORPORATION: OTHERS
    • 14.1.5 SCHNEIDER ELECTRIC
    • TABLE 157 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
    • FIGURE 59 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
    • TABLE 158 SCHNEIDER ELECTRIC: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 159 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
    • TABLE 160 SCHNEIDER ELECTRIC: DEALS
    • TABLE 161 SCHNEIDER ELECTRIC: OTHERS
    • 14.1.6 HONEYWELL
    • TABLE 162 HONEYWELL: BUSINESS OVERVIEW
    • FIGURE 60 HONEYWELL: COMPANY SNAPSHOT
    • TABLE 163 HONEYWELL: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 164 HONEYWELL: PRODUCT LAUNCHES
    • TABLE 165 HONEYWELL: DEALS
    • 14.1.7 HOMER ENERGY
    • TABLE 166 HOMER ENERGY: BUSINESS OVERVIEW
    • TABLE 167 HOMER ENERGY: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 168 HOMER ENERGY: PRODUCT LAUNCHES
    • TABLE 169 HOMER ENERGY: DEALS
    • 14.1.8 S&C ELECTRIC
    • TABLE 170 S&C ELECTRIC: BUSINESS OVERVIEW
    • TABLE 171 S&C ELECTRIC: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 172 S&C ELECTRIC: PRODUCT LAUNCHES
    • TABLE 173 S&C ELECTRIC: DEALS
    • TABLE 174 S&C ELECTRIC: OTHERS
    • 14.1.9 POWER ANALYTICS
    • TABLE 175 POWER ANALYTICS: BUSINESS OVERVIEW
    • TABLE 176 POWER ANALYTICS: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 177 POWER ANALYTICS: PRODUCT LAUNCHES
    • TABLE 178 POWER ANALYTICS: DEALS
    • 14.1.10 EXELON CORPORATION
    • TABLE 179 EXELON CORPORATION: BUSINESS OVERVIEW
    • FIGURE 61 EXELON CORPORATION: COMPANY SNAPSHOT
    • TABLE 180 EXELON CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERINGS
    • TABLE 181 EXELON CORPORATION: DEALS
  • 14.2 OTHER PLAYERS
    • 14.2.1 PARETO ENERGY
    • 14.2.2 ANBARIC TRANSMISSION
    • 14.2.3 TESLA
    • 14.2.4 SPIRAE
    • 14.2.5 GENERAL MICROGRIDS
    • 14.2.6 GRAM POWER
    • 14.2.7 POWERHIVE
    • 14.2.8 ADVANCED MICROGRID SOLUTIONS (AMS)
    • 14.2.9 GO ELECTRIC
    • 14.2.10 DAJIE
    • 14.2.11 CANOPY POWER
    • 14.2.12 GREEN ENERGY CORP
    • 14.2.13 POWERSECURE, INC, A SUBSIDIARY OF SOUTHERN COMPANY
    • 14.2.14 VIRIDITY ENERGY BY ORMAT TECHNOLOGIE
    • 14.2.15 FERROAMP
  • *Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15 APPENDIX

  • 15.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 15.2 DISCUSSION GUIDE
  • 15.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 15.4 AVAILABLE CUSTOMIZATIONS
  • 15.5 RELATED REPORTS
  • 15.6 AUTHOR DETAILS