Microgrid Market by Offering (Hardware- Power Generation & Energy Storage System, Software, and Service), Connectivity (Grid Connected and Remote/ Island), Grid Type (AC, DC, and Hybrid Microgrid), Vertical & Geography - Global Forecast to 2022

 Published On: Mar, 2017 |    No of Pages: 175 |  Published By: MarketsandMarkets | Format: PDF
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The microgrid market is likely to grow at a CAGR of 12.45% between 2016 and 2022

The microgrid market was valued at USD 16.58 billion in 2015 and is expected to reach USD 38.99 billion by 2022, at a CAGR of 12.45% during the forecast period. The market growth can be attributed to several factors such as growing demand for automated grid system and enhancement in microgrid connectivity through integration of IoT. The major restraints for the microgrid market are the high initial cost of installation and land acquisition and registration complications for solar PV installation in rural areas.

The market for healthcare is expected to grow at a high rate during the forecast period

Hospitals are an essential facility leveraging the advantages of the microgrid. The microgrid system provides significant economic and environmental benefits to the most advanced healthcare facilities. It has the ability to optimize the energy consumption for any type of facility, and this brings particular value to public facilities such as hospitals, which use mass quantities of power to maintain daily operations without risking an outage. The increasing need for uninterrupted power supply in the healthcare vertical is the key factor contributing to the growth of this market.

The market in APAC is expected to grow at the highest rate during the forecast period

Rise in microgrid installations in Africa and APAC for rural electrification projects and rapidly growing mining vertical in the Indian market, along with investments made by both national and international companies such as ABB, Siemens, GE, and Schneider Electric, are some of the key factors contributing to the growth of the microgrid market in APAC. The countries considered in APAC are China, Japan, India, Australia, and Rest of APAC. The Americas holds the largest share of the microgrid market as there is strong support for microgrid development from the U.S. and Canadian governments. Additionally, many big players and the start-ups in this region are investing more for technological enhancement of microgrid.

Breakdown of primary participants’ profile by different parameters:

• By Company Type: Tier 1—50%, Tier 2—33%, and Tier 3—17%
• By Designation: C Level—50%, Director Level—33%, and Others—17%
• By Region: Americas—67%, Europe—16%, and APAC—17%

The key players operating in this market are ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation PLC (Ireland), Siemens AG (Germany), Exelon Corporation (U.S.), Schneider Electric (France), Caterpillar Inc. (U.S.), Power Analytics Corporation (U.S.), HOMER Energy LLC (U.S.), and S&C Electric Company (U.S.).

Research Coverage:

In this report, various segments such as offering, connectivity, grid type, vertical, and geography have been covered. The report also discusses the drivers, restraints, opportunities, and challenges for the market. It gives a detailed view of the market across four main regions: the Americas, Europe, APAC, and RoW. Porter’s five forces analysis has been included in the report, along with the description of each force and its impact on the market.

Reasons to Buy the Report:

• This report includes the statistics pertaining to the microgrid market in terms of offering, connectivity, grid type, vertical, and geography, along with their respective market size (in terms of value for the hardware segment).
• Porter’s five forces analysis, value chain analysis, and key strategies adopted by the market players have been provided for the microgrid market.
• Major drivers, restraints, opportunities, and challenges for the microgrid market have been provided in detail in this report.
• The report includes illustrative segmentation, analysis, and forecast for the microgrid market based on its segments and subsegments.
TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 STUDY SCOPE 18
1.3.1 MARKETS COVERED 18
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Major secondary sources 21
2.1.1.2 Key data from secondary sources 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Primary interviews with experts 22
2.1.2.2 Breakdown of primaries 23
2.1.2.3 Key data from primary sources 23
2.1.3 SECONDARY AND PRIMARY RESEARCH 24
2.1.3.1 Key industry insights 25
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 26
2.2.1.1 Approach for capturing market share by bottom-up analysis (demand side) 26
2.2.1.2 Approach for capturing market share with the help of various players in the value chain of the microgrid market 27
2.2.2 TOP-DOWN APPROACH 28
2.2.2.1 Approach for capturing market share by top-down analysis (supply side) 28
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30

3 EXECUTIVE SUMMARY 31

4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES IN THE MICROGRID MARKET 36
4.2 MICROGRID MARKET, BY OFFERING 36
4.3 AMERICAS HELD THE LARGEST SHARE OF THE MICROGRID MARKET IN 2016 37
4.4 CHINA HELD THE LARGEST SHARE OF THE MICROGRID MARKET IN APAC IN 2016 38
4.5 MICROGRID MARKET, BY CONNECTIVITY 39

5 MARKET OVERVIEW 40
5.1 MARKET SEGMENTATION 41
5.2 MARKET DYNAMICS 43
5.2.1 DRIVERS 43
5.2.1.1 Growing demand for automated grid systems 43
5.2.1.2 Reduced carbon footprint 44
5.2.1.3 Enhancement in microgrid connectivity through integration of IoT 44
5.2.1.4 Advantages of low-cost and clean energy storage 45
5.2.2 RESTRAINTS 46
5.2.2.1 High installation cost of microgrids 46
5.2.2.2 Utility franchise rights for connecting multisite microgrids 46
5.2.2.3 Land acquisition and registration complications pertaining to solar PV installations in rural areas 47
5.2.3 OPPORTUNITIES 47
5.2.3.1 Increase in microgrid installations for rural electrification projects in Africa and APAC 47
5.2.3.2 Growing demand for microgrids in the healthcare and military sectors 47
5.2.4 CHALLENGES 48
5.2.4.1 Complex design and processes 48
5.2.4.2 Technological risks associated with the installation and implementation of microgrids 48
5.2.4.3 Interoperability and compatibility 49
5.2.4.4 Policies, regulations, and standards 49

6 INDUSTRY TRENDS 50
6.1 VALUE CHAIN ANALYSIS 50
6.2 PORTER’S FIVE FORCES ANALYSIS 51
6.2.1 INTENSITY OF COMPETITIVE RIVALRY 52
6.2.2 THREAT OF SUBSTITUTES 53
6.2.3 BARGAINING POWER OF BUYERS 54
6.2.4 BARGAINING POWER OF SUPPLIERS 55
6.2.5 THREAT OF NEW ENTRANTS 56
6.3 SAFETY, ISLANDING, AND ENERGY STORAGE STANDARDS 57
6.3.1 UL STANDARDS 57
6.3.1.1 UL 1741 Standard 57
6.3.1.2 UL 9741 Standard 57
6.3.1.3 UL 62109 Standard 57
6.3.2 IEEE STANDARDS 57
6.3.2.1 IEEE Standard 1547 57
6.3.2.2 IEEE Standard 2030 58
6.3.3 IEC STANDARDS 58
6.3.3.1 IEC 61850 Standard 58
6.3.3.2 IEC 61724 Standard 59
6.3.3.3 IEC 61727 Standard 59
6.4 REGULATORY STANDARDS 59

7 MICROGRID MARKET, BY OFFERING 60
7.1 INTRODUCTION 61
7.2 HARDWARE 62
7.2.1 SWITCHGEARS 63
7.2.2 POWER INVERTERS 64
7.2.3 SMART METERS 64
7.2.4 RECIPROCATING ENGINES 65
7.2.5 ENERGY STORAGE SYSTEMS AND POWER GENERATORS 66
7.2.5.1 Power generators 67
7.2.5.1.1 Fuel cells and diesel gensets 67
7.2.5.1.2 CHP and micro-CHP 68
7.2.5.1.3 Microturbines 69
7.2.5.1.4 Renewables 70
7.2.5.1.4.1 PV cells 71
7.2.5.1.4.2 Wind based 71
7.2.5.1.4.3 Others 71
7.2.5.2 Energy storage systems 71
7.2.5.2.1 Lithium-ion batteries 73
7.2.5.2.2 Lead-acid batteries 73
7.2.5.2.3 Flywheels 73
7.2.5.2.4 Flow batteries 73
7.2.5.2.5 Others 73
7.3 SOFTWARE 74
7.3.1 SOFTWARE AS A SERVICE 74
7.4 SERVICES 74
7.4.1 ENGINEERING AND DESIGN 75
7.4.2 MONITORING AND CONTROL 75
7.4.3 OPERATIONS AND MAINTENANCE 75
8 MICROGRID MARKET, BY CONNECTIVITY 76
8.1 INTRODUCTION 77
8.2 GRID CONNECTED 78
8.3 REMOTE/ISLAND 81

9 MICROGRID MARKET, BY GRID TYPE (QUALITATIVE CHAPTER) 86
9.1 INTRODUCTION 86
9.2 AC MICROGRID 87
9.3 DC MICROGRID 87
9.4 HYBRID 87

10 MICROGRID MARKET, BY VERTICAL 88
10.1 INTRODUCTION 89
10.2 HEALTHCARE 90
10.3 EDUCATIONAL INSTITUTIONS 91
10.4 INDUSTRIAL 92
10.4.1 STEEL 95
10.4.2 MINING 96
10.4.3 OTHERS 97
10.5 MILITARY 98
10.6 ELECTRIC UTILITY 99
10.6.1 URBAN ELECTRIFICATION 101
10.6.2 RURAL ELECTRIFICATION 102
10.7 OTHERS 104

11 GEOGRAPHIC ANALYSIS 106
11.1 INTRODUCTION 107
11.2 AMERICAS 110
11.2.1 STRONG SUPPORT FROM GOVERNMENT 110
11.2.2 NORTH AMERICA 112
11.2.2.1 Government mandates to install solar (PV) microgrids in the healthcare sector 112
11.2.2.2 US 113
11.2.2.2.1 Increasing investments to enhance operations in the solar industry to drive the adoption of microgrids 113
11.2.2.3 Rest of North America 113
11.2.2.3.1 Focus on the development of microgrid technology 113
11.2.3 LATIN AMERICA 114
11.2.3.1 Increasing deployment of remote microgrids driving market growth 114
11.2.3.2 Brazil 114
11.2.3.2.1 Increasing use of microgrids in the residential sector 114
11.2.3.3 Rest of Latin America 115
11.2.3.3.1 Huge growth opportunities for the microgrid market in the future 115
11.3 EUROPE 115
11.3.1 R&D PROJECTS SHAPING THE FUTURE OF THE MICROGRID MARKET IN EUROPE 115
11.3.1.1 Russia 118
11.3.1.1.1 Increasing focus on expanding the microgrid market 118
11.3.1.2 Germany 119
11.3.1.2.1 Large investments in grid projects 119
11.3.1.3 France 119
11.3.1.3.1 Investments in the software microgrid market 119
11.3.1.4 UK 119
11.3.1.4.1 Steps taken by Government of UK to reduce greenhouse emission by 80% till 2050 driving the microgrid market 119
11.3.1.5 Rest of Europe 120
11.3.1.5.1 Increased demand for photovoltaic plants 120
11.4 APAC 120
11.4.1 INCREASE IN INSTALLATION OF MICROGRIDS DUE TO THE RISING DEMAND FOR ENERGY 120
11.4.2 INDIA 124
11.4.2.1 Increasing adoption of microgrids in rural areas 124
11.4.3 CHINA 124
11.4.3.1 Several initiatives by various companies 124
11.4.4 AUSTRALIA 124
11.4.4.1 Several initiatives by ARENA to drive the PV cells market 124
11.4.5 JAPAN 125
11.4.5.1 Expanding microgrid facilities 125
11.4.6 REST OF APAC 125
11.4.6.1 Huge potential for off-grid system 125
11.5 REST OF THE WORLD 125
11.5.1 HIGH DEMAND FOR MICROGRIDS IN INDUSTRIAL APPLICATIONS 125
11.5.2 MIDDLE EAST 128
11.5.2.1 Developing utility-scale solar power sources to increase the adoption of microgrids 128
11.5.3 AFRICA 128
11.5.3.1 Increasing number of microgrid projects 128

12 COMPETITIVE LANDSCAPE 129
12.1 OVERVIEW 129
12.2 MARKET RANKING ANALYSIS: MICROGRID MARKET 130
12.3 COMPETITIVE SCENARIO 131
12.4 RECENT DEVELOPMENTS 132
12.4.1 PARTNERSHIPS/AGREEMENTS/JOINT VENTURES/COLLABORATIONS 132
12.4.2 PRODUCT LAUNCHES 133
12.4.3 EXPANSIONS 134
12.4.4 MERGERS AND ACQUISITIONS 135

13 COMPANY PROFILES 136 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
13.1 INTRODUCTION 136
13.2 ABB LTD. 137
13.3 GENERAL ELECTRIC 140
13.4 EATON CORPORATION PLC 143
13.5 SIEMENS AG 146
13.6 EXELON CORPORATION 149
13.7 SCHNEIDER ELECTRIC 151
13.8 CATERPILLAR INC. 153
13.9 POWER ANALYTICS CORPORATION 155
13.10 HOMER ENERGY LLC 157
13.11 S&C ELECTRIC COMPANY 159
13.12 KEY INNOVATORS 161
13.12.1 TESLA MOTORS INC. 161
13.12.2 STEAMA CO., LTD. 161
13.12.3 GREEN ENERGY CORP. 162
13.12.4 ADVANCED MICROGRID SOLUTIONS 162
13.12.5 GENERAL MICROGRIDS, INC. 163
13.12.6 VIRIDITY ENERGY, INC. 163

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

14 APPENDIX 164
14.1 INSIGHTS OF INDUSTRY EXPERTS 164
14.2 DISCUSSION GUIDE 165
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 168
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 170
14.5 AVAILABLE CUSTOMIZATIONS 172
14.6 RELATED REPORTS 172
14.7 AUTHOR DETAILS 173

LIST OF TABLES

TABLE 1 MICROGRID MARKET SEGMENTATION, BY OFFERING 41
TABLE 2 MICROGRID MARKET SEGMENTATION, BY CONNECTIVITY 41
TABLE 3 MICROGRID MARKET SEGMENTATION, BY GRID TYPE 41
TABLE 4 MICROGRID MARKET SEGMENTATION, BY VERTICAL 42
TABLE 5 ESTIMATED COST OF A 2MW MICROGRID 46
TABLE 6 PORTER’S FIVE FORCES ANALYSIS: THREAT OF SUBSTITUTES LIKELY TO HAVE A MINIMUM IMPACT ON THE OVERALL MARKET 51
TABLE 7 MICROGRID MARKET: REGULATORY LANDSCAPE 59
TABLE 8 MICROGRID MARKET, BY OFFERING, 2013–2022 (USD BILLION) 61
TABLE 9 MICROGRID MARKET, BY HARDWARE, 2013–2022 (USD BILLION) 62
TABLE 10 MICROGRID MARKET FOR HARDWARE, BY CONNECTIVITY, 2013–2022 (USD BILLION) 63
TABLE 11 MICROGRID MARKET FOR SWITCHGEARS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 63
TABLE 12 MICROGRID MARKET FOR POWER INVERTERS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 64
TABLE 13 MICROGRID MARKET FOR SMART METERS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 64
TABLE 14 MICROGRID MARKET FOR RECIPROCATING ENGINES, BY CONNECTIVITY, 2013–2022 (USD BILLION) 65
TABLE 15 MICROGRID MARKET FOR ENERGY STORAGE SYSTEMS AND POWER GENERATORS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 66
TABLE 16 MICROGRID MARKET, BY ENERGY STORAGE SYSTEMS AND POWER GENERATORS, 2013–2022 (USD BILLION) 66
TABLE 17 MICROGRID MARKET FOR FUEL CELLS AND DIESEL GENSETS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 67
TABLE 18 MICROGRID MARKET FOR CHP AND MICRO-CHP, BY CONNECTIVITY, 2013–2022 (USD BILLION) 69
TABLE 19 MICROGRID MARKET FOR MICROTURBINES, BY CONNECTIVITY, 2013–2022 (USD BILLION) 69
TABLE 20 MICROGRID MARKET FOR RENEWABLES, BY CONNECTIVITY, 2013–2022 (USD BILLION) 70
TABLE 21 MICROGRID MARKET, BY RENEWABLE, 2013–2022 (USD BILLION) 70
TABLE 22 MICROGRID MARKET FOR BATTERIES, BY CONNECTIVITY, 2013–2022 (USD BILLION) 72
TABLE 23 MICROGRID MARKET, BY CONNECTIVITY, 2013–2022 (USD BILLION) 77
TABLE 24 MICROGRID MARKET FOR GRID-CONNECTED MICROGRIDS, BY OFFERING, 2013–2022 (USD BILLION) 78
TABLE 25 MICROGRID MARKET FOR GRID-CONNECTED MICROGRIDS, BY HARDWARE, 2013–2022 (USD BILLION) 78
TABLE 26 MICROGRID MARKET FOR GRID-CONNECTED MICROGRIDS, BY ENERGY STORAGE SYSTEM AND POWER GENERATOR, 2013–2022 (USD BILLION) 79
TABLE 27 MICROGRID MARKET FOR GRID-CONNECTED MICROGRIDS, BY VERTICAL, 2013–2022 (USD BILLION) 79
TABLE 28 MICROGRID MARKET FOR GRID-CONNECTED MICROGRIDS, BY INDUSTRIAL, 2013–2022 (USD BILLION) 80
TABLE 29 MICROGRID MARKET FOR GRID-CONNECTED MICROGRIDS, BY ELECTRIC UTILITY, 2013–2022 (USD BILLION) 81
TABLE 30 MICROGRID MARKET FOR REMOTE/ISLAND MICROGRIDS, BY OFFERING, 2013–2022 (USD BILLION) 82
TABLE 31 MICROGRID MARKET FOR REMOTE/ISLAND MICROGRIDS, BY HARDWARE, 2013–2022 (USD BILLION) 82
TABLE 32 MICROGRID MARKET FOR REMOTE/ISLAND MICROGRIDS, BY ENERGY STORAGE SYSTEM AND POWER GENERATOR, 2013–2022 (USD BILLION) 83
TABLE 33 MICROGRID MARKET FOR REMOTE/ISLAND MICROGRIDS, BY VERTICAL, 2013–2022 (USD BILLION) 83
TABLE 34 MICROGRID MARKET FOR REMOTE/ISLAND MICROGRIDS, BY INDUSTRIAL, 2013–2022 (USD BILLION) 84
TABLE 35 MICROGRID MARKET FOR REMOTE/ISLAND MICROGRIDS, BY ELECTRIC UTILITY, 2013–2022 (USD BILLION) 85
TABLE 36 MICROGRID MARKET, BY VERTICAL, 2013–2022 (USD BILLION) 89
TABLE 37 MICROGRID MARKET FOR HEALTHCARE, BY CONNECTIVITY, 2013–2022 (USD BILLION) 90
TABLE 38 MICROGRID MARKET FOR HEALTHCARE, BY REGION, 2013–2022 (USD BILLION) 90
TABLE 39 MICROGRID MARKET FOR EDUCATIONAL INSTITUTIONS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 91
TABLE 40 MICROGRID MARKET FOR EDUCATIONAL INSTITUTIONS, BY REGION, 2013–2022 (USD BILLION) 92
TABLE 41 MICROGRID MARKET FOR INDUSTRIAL VERTICAL, BY CONNECTIVITY, 2013–2022 (USD BILLION) 93
TABLE 42 MICROGRID MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2013–2022 (USD BILLION) 94
TABLE 43 MICROGRID MARKET, BY INDUSTRIAL VERTICAL, 2013–2022 (USD BILLION) 94
TABLE 44 MICROGRID MARKET FOR STEEL INDUSTRY, BY CONNECTIVITY, 2013–2022 (USD BILLION) 95
TABLE 45 MICROGRID MARKET FOR STEEL INDUSTRY, BY REGION, 2013–2022 (USD BILLION) 95
TABLE 46 MICROGRID MARKET FOR MINING INDUSTRY, BY CONNECTIVITY, 2013–2022 (USD BILLION) 96
TABLE 47 MICROGRID MARKET FOR MINING INDUSTRY, BY REGION, 2013–2022 (USD BILLION) 96
TABLE 48 MICROGRID MARKET FOR OTHER INDUSTRIAL VERTICALS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 97
TABLE 49 MICROGRID MARKET FOR OTHER INDUSTRIAL VERTICALS, BY REGION, 2013–2022 (USD BILLION) 98
TABLE 50 MICROGRID MARKET FOR MILITARY VERTICAL, BY CONNECTIVITY, 2013–2022 (USD BILLION) 98
TABLE 51 MICROGRID MARKET FOR MILITARY VERTICAL, BY REGION, 2013–2022 (USD BILLION) 99
TABLE 52 MICROGRID MARKET FOR ELECTRIC UTILITY VERTICAL, BY CONNECTIVITY, 2013–2022 (USD BILLION) 100
TABLE 53 MICROGRID MARKET FOR ELECTRIC UTILITY VERTICAL, BY REGION, 2013–2022 (USD BILLION) 100
TABLE 54 MICROGRID MARKET, BY ELECTRIC UTILITY, 2013–2022 (USD BILLION) 100
TABLE 55 MICROGRID MARKET FOR URBAN ELECTRIFICATION, BY CONNECTIVITY, 2013–2022 (USD BILLION) 101
TABLE 56 MICROGRID MARKET FOR URBAN ELECTRIFICATION, BY REGION, 2013–2022 (USD BILLION) 102
TABLE 57 MICROGRID MARKET FOR RURAL ELECTRIFICATION, BY CONNECTIVITY, 2013–2022 (USD BILLION) 103
TABLE 58 MICROGRID MARKET FOR RURAL ELECTRIFICATION, BY REGION, 2013–2022 (USD BILLION) 104
TABLE 59 MICROGRID MARKET FOR OTHER VERTICALS, BY CONNECTIVITY, 2013–2022 (USD BILLION) 105
TABLE 60 MICROGRID MARKET FOR OTHER VERTICALS, BY REGION, 2013–2022 (USD BILLION) 105
TABLE 61 MICROGRID MARKET, BY REGION, 2013–2022 (USD BILLION) 109
TABLE 62 MICROGRID MARKET IN AMERICAS, BY VERTICAL, 2013–2022 (USD BILLION) 110
TABLE 63 MICROGRID MARKET IN AMERICAS, BY INDUSTRIAL, 2013–2022 (USD BILLION) 111
TABLE 64 MICROGRID MARKET IN AMERICAS, BY ELECTRIC UTILITY, 2013–2022 (USD BILLION) 111
TABLE 65 MICROGRID MARKET IN AMERICAS, BY REGION, 2013–2022 (USD BILLION) 111
TABLE 66 MICROGRID MARKET IN NORTH AMERICA, BY COUNTRY/REGION, 2013–2022 (USD BILLION) 113
TABLE 67 MICROGRID MARKET IN LATIN AMERICA, BY COUNTRY/REGION, 2013–2022 (USD BILLION) 114
TABLE 68 MICROGRID MARKET IN EUROPE, BY VERTICAL, 2013–2022 (USD BILLION) 117
TABLE 69 MICROGRID MARKET IN EUROPE, BY INDUSTRIAL, 2013–2022 (USD BILLION) 117
TABLE 70 MICROGRID MARKET IN EUROPE, BY ELECTRIC UTILITY, 2013–2022 (USD BILLION) 118
TABLE 71 MICROGRID MARKET IN EUROPE, BY COUNTRY/REGION, 2013–2022 (USD BILLION) 118
TABLE 72 MICROGRID MARKET IN APAC, BY VERTICAL, 2013–2022 (USD BILLION) 122
TABLE 73 MICROGRID MARKET IN APAC, BY INDUSTRIAL, 2013–2022 (USD BILLION) 122
TABLE 74 MICROGRID MARKET IN APAC, BY ELECTRIC UTILITY, 2013–2022 (USD BILLION) 123
TABLE 75 MICROGRID MARKET IN APAC, BY COUNTRY/REGION, 2013–2022 (USD BILLION) 123
TABLE 76 MICROGRID MARKET IN ROW, BY VERTICAL, 2013–2022 (USD BILLION) 126
TABLE 77 MICROGRID MARKET IN ROW, BY INDUSTRIAL, 2013–2022 (USD BILLION) 126
TABLE 78 MICROGRID MARKET IN ROW, BY ELECTRIC UTILITY, 2013–2022 (USD BILLION) 127
TABLE 79 MICROGRID MARKET IN ROW, BY REGION, 2013–2022 (USD BILLION) 127
TABLE 80 MARKET RANKING OF THE TOP 5 PLAYERS IN THE MICROGRID MARKET, 2015 130
TABLE 81 PARTNERSHIPS/AGREEMENTS/JOINT VENTURES/COLLABORATIONS, 2014–2016 132
TABLE 82 PRODUCT LAUNCHES, 2015–2016 133
TABLE 83 EXPANSIONS, 2014–2016 134
TABLE 84 MERGERS AND ACQUISITIONS, 2015–2016 135

LIST OF FIGURES

FIGURE 1 MICROGRID MARKET: RESEARCH DESIGN 20
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 26
FIGURE 3 MAJOR PLAYERS COMPRISING EACH STAGE OF THE VALUE CHAIN 27
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 28
FIGURE 5 DATA TRIANGULATION 29
FIGURE 6 MICROGRID MARKET FOR RURAL ELECTRIFICATION TO GROW AT A HIGHER RATE BETWEEN 2016 AND 2022 32
FIGURE 7 MICROGRID MARKET FOR HEALTHCARE VERTICAL TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 32
FIGURE 8 MICROGRID MARKET FOR PV CELLS TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 33
FIGURE 9 MICROGRID MARKET FOR ENERGY STORAGE SYSTEMS & POWER GENERATORS TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 34
FIGURE 10 MICROGRID MARKET IN APAC TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 35
FIGURE 11 SIGNIFICANT INCREASE IN THE NUMBER OF MICROGRID INSTALLATIONS TO DRIVE MARKET GROWTH DURING THE FORECAST PERIOD 36
FIGURE 12 MICROGRID MARKET FOR SOFTWARE TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 36
FIGURE 13 MICROGRID MARKET IN INDIA TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 37
FIGURE 14 HEALTHCARE HELD THE LARGEST SHARE OF THE MICROGRID MARKET IN APAC IN 2016 38
FIGURE 15 MARKET FOR REMOTE/ISLAND MICROGRIDS TO GROW AT A HIGHER RATE BETWEEN 2016 AND 2022 39
FIGURE 16 MICROGRID MARKET SEGMENTATION, BY REGION 42
FIGURE 17 INCREASE IN DEMAND FOR LOW-COST ENERGY STORAGE OPTIONS TO DRIVE THE GROWTH OF THE MICROGRID MARKET 43
FIGURE 18 ABB PROJECT LIST: MICROGRIDS INSTALLED BETWEEN 2000 AND 2016 44
FIGURE 19 DECLINE IN LEVELIZED COST OF ELECTRICITY (LCOE) FOR WIND AND SOLAR PV DURING 2009–2014 45
FIGURE 20 RISE IN DEPLOYMENT OF MICROGRIDS OVER TIME, 2012 TO 2017 48
FIGURE 21 MAJOR VALUE ADDED DURING THE COMPONENT PROVIDERS AND SYSTEM INTEGRATORS PHASES 50
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS 51
FIGURE 23 MICROGRID MARKET: PORTER’S FIVE FORCES ANALYSIS 52
FIGURE 24 INTENSITY OF COMPETITIVE RIVALRY IN THE MICROGRID MARKET 52
FIGURE 25 THREAT OF SUBSTITUTES IN THE MICROGRID MARKET 53
FIGURE 26 BARGAINING POWER OF BUYERS IN THE MICROGRID MARKET 54
FIGURE 27 BARGAINING POWER OF SUPPLIERS IN THE MICROGRID MARKET 55
FIGURE 28 THREAT OF NEW ENTRANTS IN THE MICROGRID MARKET 56
FIGURE 29 MICROGRID MARKET, BY OFFERING 61
FIGURE 30 MICROGRID MARKET, BY HARDWARE 62
FIGURE 31 MICROGRID MARKET FOR REMOTE/ISLAND GRIDS EXPECTED TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 65
FIGURE 32 MICROGRID MARKET FOR REMOTE/ISLAND GRIDS TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 68
FIGURE 33 MICROGRID MARKET FOR REMOTE/ISLAND GRIDS TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 72
FIGURE 34 MICROGRID MARKET, BY SERVICE 74
FIGURE 35 MICROGRID MARKET, BY CONNECTIVITY 77
FIGURE 36 MARKET FOR GRID-CONNECTED MICROGRIDS FOR RURAL ELECTRIFICATION TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 80
FIGURE 37 MARKET FOR REMOTE/ISLAND MICROGRIDS FOR STEEL INDUSTRY TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 84
FIGURE 38 MICROGRID MARKET, BY GRID TYPE 86
FIGURE 39 MICROGRID MARKET, BY VERTICAL 89
FIGURE 40 MICROGRID MARKET, BY INDUSTRIAL VERTICAL 93
FIGURE 41 MICROGRID MARKET FOR OTHER INDUSTRIAL VERTICALS IN APAC TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 97
FIGURE 42 MICROGRID MARKET, BY ELECTRIC UTILITY 99
FIGURE 43 MARKET FOR REMOTE/ISLAND MICROGRIDS FOR RURAL ELECTRIFICATION TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 103
FIGURE 44 MICROGRID MARKET, BY GEOGRAPHY 107
FIGURE 45 MICROGRID MARKET IN APAC TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 108
FIGURE 46 MICROGRID MARKET IN INDIA, BRAZIL, AND AUSTRALIA TO GROW AT HIGH RATE BETWEEN 2016 AND 2022 109
FIGURE 47 MICROGRID MARKET IN AMERICAS 112
FIGURE 48 MICROGRID MARKET IN EUROPE 115
FIGURE 49 SNAPSHOT OF THE MICROGRID MARKET IN EUROPE 116
FIGURE 50 MICROGRID MARKET IN APAC 120
FIGURE 51 SNAPSHOT OF THE MICROGRID MARKET IN APAC 121
FIGURE 52 MICROGRID MARKET IN ROW 125
FIGURE 53 KEY GROWTH STRATEGIES ADOPTED BY TOP COMPANIES, 2013–2016 129
FIGURE 54 MARKET EVALUATION FRAMEWORK: PARTNERSHIPS/AGREEMENTS/JOINT VENTURES/COLLABORATIONS FUELLED GROWTH AND INNOVATION BETWEEN 2014 AND 2016 131
FIGURE 55 BATTLE FOR MARKET SHARE: PARTNERSHIPS/AGREEMENTS/JOINT VENTURES/COLLABORATIONS EMERGED AS THE KEY STRATEGIES ADOPTED BY THE PLAYERS BETWEEN 2013 AND 2016 132
FIGURE 56 GEOGRAPHIC REVENUE MIX OF TOP MARKET PLAYERS 136
FIGURE 57 ABB LTD.: COMPANY SNAPSHOT 137
FIGURE 58 ABB LTD.: SWOT ANALYSIS 139
FIGURE 59 GENERAL ELECTRIC: COMPANY SNAPSHOT 140
FIGURE 60 GENERAL ELECTRIC: SWOT ANALYSIS 142
FIGURE 61 EATON CORPORATION PLC: COMPANY SNAPSHOT 143
FIGURE 62 EATON CORPORATION PLC: SWOT ANALYSIS 145
FIGURE 63 SIEMENS AG: COMPANY SNAPSHOT 146
FIGURE 64 SIEMENS AG: SWOT ANALYSIS 148
FIGURE 65 EXELON CORPORATION: SWOT ANALYSIS 150
FIGURE 66 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 151
FIGURE 67 CATERPILLAR INC.: COMPANY SNAPSHOT 153

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