Market Research Reports

Microgrid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020

107pages
Published Date: 2014-11-28
 

Description


A microgrid comprises a group of localized distributed energy resources (DERs), energy storage devices, and interconnected loads operating as a single controllable unit with respect to the conventional grid (macro-grid). A microgrid enables local electricity generation, energy storage, and power consuming devices to operate independently of the macro-grid. It can be operated either in autonomous or non-autonomous mode. If the microgrid is connected to the macro-grid, the microgrid is said to operate in a non-autonomous mode. If the microgrid is disconnected from the conventional grid, the microgrid is said to operate in an autonomous mode. In situations, wherein the power on the macro-grid is interrupted, a microgrid can supply power to the macro-grid by utilizing electricity generated locally. 

The current research on the global microgrid market is designed to estimate, analyze, and forecast the market revenue of the grid-tied (grid-connected) segment and remote (off-grid) segment, along with application segments analyzed in the research study. The research provides an in-depth analysis of the total demand for microgrids and market revenue of the global microgrid market. The study covers the key product and application segment of the microgrid market. The market, on the basis of product, has been segmented as: grid-tied and remote. The market on the basis of application segment has been segmented as: campus and institutions, community and utility, commercial and industrial, defense and military, and remote islands. The market study on microgrids also provides historical data, detailed analysis, and statistically refined forecast for the products, applications, and geographical segments covered in this report.

The market size for the microgrid market has been estimated on the basis of indicators in the grid-tied (grid-connected) and remote (off-grid) segments. Furthermore, the market size for microgrids has been derived considering adoption rate of the microgrid in the grid-tied and remote segments. This market study provides a detailed analysis and forecast of the microgrid market on a global and regional level from 2014 to 2020.

On the global level, the microgrid market has been estimated on the basis of capacity and market revenue for the grid-tied (grid-connected) segment and remote (off-grid) segment from 2014 to 2020. For in-depth understanding of the microgrid market at regional level, market growth has been forecasted in terms of microgrid capacity (MW) and market revenue (USD Million). The microgrid market has been regionally segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).

The microgrid market research report includes market drivers, market restraints, and market opportunities and their impact on growth of the global microgrid market over the forecast period. Furthermore, the microgrid study encompasses opportunities for market growth at the global and regional level. In order to collate the global microgrid report, we have conducted in-depth primary interviews and discussion with numerous key industry opinion leaders and participants. Primary research represents the bulk of our research efforts, coupled with an extensive secondary research. We also reviewed key players’ product portfolio, annual reports, press releases, and relevant documents for competitive analyses and better understanding of the global microgrid market. Secondary research includes in-depth research on current trends, Internet sources, trade journals, technical writing, and statistical data from associated approach for obtaining concise data, capturing industry participants’ insights, and recognizing growth opportunities. 

The report provides a detailed analysis of various factors influencing the global microgrid market with the help of Porter’s Five Forces analysis. The analysis helps to understand the bargaining power of buyers, bargaining power of suppliers, threat from substitutes, threat from new entrants, and degree of competition in the global microgrid market. The study analyses the value chain of the global microgrid market and moreover comprises a market attractiveness analysis, wherein numerous applications are benchmarked on the basis of market size, growth rate, and general attractiveness.

Company profiles of leading players have been provided in the global microgrid market report along with a detailed analysis of their market share. The study also features profiles of leading global microgrid companies such as Chevron Corporation, Power Analytics Corporation, GE Energy Management, Pareto Energy, and Siemens AG. The report also profiles market players such as ABB, Echelon Corporation, Honeywell International, Inc., Schneider Electric, S&C Electric Company, Toshiba Corporation, Viridity Energy, Inc., and ZBB Energy Corporation.
  • Global Microgrid Market: Product Segment
    • Grid-tied (Grid Connected)
    • Remote (Off-grid)
  • Global Microgrid Market: Application Segment
    • Campus and Institutions
    • Community and Utility
    • Commercial and Industrial
    • Defense and Military
    • Remote Islands
  • Global Microgrid Market: Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

Table of Contents


Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Global Microgrid Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
      3.3.1 Market Drivers
               3.3.1.1 Indirect and Direct Economic, Technical, Environmental, and Social Benefits of Microgrid Augments Microgrid Deployment
               3.3.1.2 Rapid Industrialization and Growing Energy Demand Drives Microgrid Market
               3.3.1.3 Advancement in Renewable Energy Technologies Augments Microgrid Adoption
      3.3.2 Market Restraints
               3.3.2.1 Operational Challenges and Development Cost Acting as Barrier for Microgrid Deployment
                3.3.2.2 Lack of Appropriate Regulatory Framework Hinders Market Growth
      3.3.3 Market Opportunity
               3.3.3.1 Possibility of Insulation Against Impact of Severe Weather on Electric Grid
3.4 Porter’s Five Forces Analysis
      3.4.1 Bargaining Power of Suppliers
      3.4.2 Bargaining Power of Buyers
      3.4.3 Threat from New Entrants
      3.4.4 Threat from Substitutes
      3.4.5 Degree of Competition
3.5 Market Attractiveness Analysis
      3.5.1 Market Attractiveness Analysis of Global Microgrid Market, by Application Segment, 2013
      3.5.2 Market Attractiveness Analysis of Global Microgrid Market, by Regional Segment, 2013
3.6 Company Market Share Analysis
      3.6.1 Global Microgrid Market: Company Market Share Analysis, 2013

Chapter 4 Global Microgrid Market – Product Segment Analysis
4.1 Global Microgrid Market: Product Segment Overview
      4.1.1 Global Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 & 2020 (MW)
4.2 Grid-tied (Grid-connected) Microgrid
      4.2.1 Global Grid-tied (Grid-connected) Microgrid Product Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
4.3 Remote (Off-Grid) Microgrid
      4.3.1 Global Remote (Off-grid) Microgrid Product Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)

Chapter 5 Global Microgrid Market – Application Segment Analysis
5.1 Global Microgrid Market: Application Segment Overview
      5.1.1 Global Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 & 2020 (MW)
5.2 Campus and Institutions
      5.2.1 Global Campus and Institutions Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
5.3 Community and Utility
      5.3.1 Global Community and Utility Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
5.4 Commercial and Industrial
      5.4.1 Global Commercial and Industrial Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
5.5 Defense and Military
      5.5.1 Global Defense and Military Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
5.6 Remote Islands
      5.6.1 Global Remote Islands Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)

Chapter 6 Global Microgrid Market – Regional Analysis
6.1 Global Microgrid Market: Regional Overview
      6.1.1 Global Microgrid Capacity Estimates and Forecast, by Region, 2013 & 2020, (MW)
6.2 North America
      6.2.1 North America Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
               6.2.1.1 North America Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW), (USD Million)
               6.2.1.2 North America Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW), (USD Million)
6.3 Europe
      6.3.1 Europe Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
               6.3.1.1 Europe Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW), (USD Million)
                6.3.1.2 Europe Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW), (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
               6.4.1.1 Asia Pacific Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW), (USD Million)
               6.4.1.2 Asia Pacific Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW), (USD Million)
6.5 Rest of the World (RoW)
      6.5.1 Rest of the World (RoW) Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
               6.5.1.1 Rest of the World Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW), (USD Million)
               6.5.1.2 Rest of the World (RoW) Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW), (USD Million)

Chapter 7 Company Profiles
7.1 ABB
      7.1.1 Company Overview
      7.1.2 Financial Overview
      7.1.3 Business Strategy
      7.1.4 Recent Developments
7.2 Chevron Corporation
      7.2.1 Company Overview
      7.2.2 Financial Overview
      7.2.3 Business Strategy
      7.2.4 Recent Developments
7.3 Echelon Corporation
      7.3.1 Company Overview
      7.3.2 Financial Overview
      7.3.3 Business Strategy
      7.3.4 Recent Developments
7.4 GE Energy Management
      7.4.1 Company Overview
      7.4.2 Financial Overview
      7.4.3 Business Strategy
      7.4.4 Recent Developments
7.5 Honeywell International, Inc.
      7.5.1 Company Overview
      7.5.2 Financial Overview
      7.5.3 Business Strategy
      7.5.4 Recent Developments
7.6 Pareto Energy
      7.6.1 Company Overview
      7.6.2 Financial Overview
      7.6.3 Business Strategy
      7.6.4 Recent Developments
7.7 Power Analytics Corporation
      7.7.1 Company Overview
      7.7.2 Financial Overview
      7.7.3 Business Strategy
      7.7.4 Recent Developments
7.8 Schneider Electric
      7.8.1 Company Overview
      7.8.2 Financial Overview
      7.8.3 Business Strategy
      7.8.4 Recent Developments
7.9 Siemens AG
      7.9.1 Company Overview
      7.9.2 Financial Overview
      7.9.3 Business Strategy
      7.9.4 Recent Developments
7.10 S&C Electric Company
      7.10.1 Company Overview
      7.10.2 Financial Overview
      7.10.3 Business Strategy
      7.10.4 Recent Developments
7.11 Toshiba Corporation
      7.11.1 Company Overview
      7.11.2 Financial Overview
      7.11.3 Business Strategy
      7.11.4 Recent Developments
7.12 Viridity Energy, Inc.
      7.12.1 Company Overview
      7.12.2 Financial Overview
      7.12.3 Business Strategy
      7.12.4 Recent Developments
7.13 ZBB Energy Corporation
      7.13.1 Company Overview
      7.13.2 Financial Overview
      7.13.3 Business Strategy
      7.13.4 Recent Developments

List of Figures 

FIG. 1 Global Microgrid Market: Market Segmentation
FIG. 2 Global Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020 (MW), (USD Million)
FIG. 3 Value Chain Analysis: Global Microgrid Market
FIG. 4 Global Power Consumption, 2012 – 2020 (TWh)
FIG. 5 Global Microgrid Market: Schematic Diagram of San Diego Microgrid Facility
FIG. 6 Global Microgrid Market: Factors Affecting Price of Solar Panel
FIG. 7 Global Microgrid Market: Estimated Cost of Weather Related Outages in the U.S., 2003 – 2012
FIG. 8 Global Microgrid Market: Porter’s Five Forces Analysis
FIG. 9 Market Attractiveness Analysis of Global Microgrid Market, by Application Segment, 2013
FIG. 10 Market Attractiveness Analysis of Global Microgrid Market, by Regional Segment, 2013
FIG. 11 Company Market Share of Global Microgrid Market, 2013
FIG. 12 Global Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 & 2020 (MW)
FIG. 13 Global Grid-tied (Grid-connected) Microgrid Product Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 14 Global Remote (Off-grid) Microgrid Product Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 15 Global Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 & 2020 (MW)
FIG. 16 Global Campus and Institutions Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 17 Global Community and Utility Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 18 Global Commercial and Industrial Microgrid Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 19 Global Defense and Military Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 20 Global Remote Islands Microgrid Application Segment Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 21 Global Microgrid Capacity Estimates and Forecast, by Region, 2013 & 2020, (MW)
FIG. 22 North America Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 23 Europe Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 24 Asia Pacific Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)
FIG. 25 Rest of the World (RoW) Microgrid Capacity and Market Revenue Estimates and Forecast, 2013 – 2020, (MW), (USD Million)

List of Tables

TABLE 1 Global Microgrid Market Snapshot
TABLE 2 Market Drivers of the Global Microgrid Market: Impact Analysis
TABLE 3 Global Microgrid Market: Possible Non-monetary and Monetary Benefit Analysis
TABLE 4 Market Restraints of Global Microgrid Market: Impact Analysis
TABLE 5 Global Microgrid Market: Cost of Microgrid Equipment
TABLE 6 North America Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW) 
TABLE 7 North America Microgrid Revenue Estimates and Forecast, by Product Segment, 2013 – 2020, (USD Million) 
TABLE 8 North America Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW) 
TABLE 9 North America Microgrid Revenue Estimates and Forecast, by Application Segment, 2013 – 2020, (USD Million) 
TABLE 10 Europe Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW) 
TABLE 11 Europe Microgrid Revenue Estimates and Forecast, by Product Segment, 2013 – 2020, (USD Million) 
TABLE 12 Europe Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW) 
TABLE 13 Europe Microgrid Revenue Estimates and Forecast, by Application Segment, 2013 – 2020, (USD Million) 
TABLE 14 Asia Pacific Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW) 
TABLE 15 Asia Pacific Microgrid Revenue Estimates and Forecast, by Product Segment, 2013 – 2020, (USD Million) 
TABLE 16 Asia Pacific Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW) 
TABLE 17 Asia Pacific Microgrid Revenue Estimates and Forecast, by Application Segment, 2013 – 2020, (USD Million) 
TABLE 18 Rest of the World (RoW) Microgrid Capacity Estimates and Forecast, by Product Segment, 2013 – 2020, (MW) 
TABLE 19 Rest of the World (RoW) Microgrid Revenue Estimates and Forecast, by Product Segment, 2013 – 2020, (USD Million) 
TABLE 20 Rest of the World (RoW) Microgrid Capacity Estimates and Forecast, by Application Segment, 2013 – 2020, (MW) 
TABLE 21 Rest of the World (RoW) Microgrid Revenue Estimates and Forecast, by Application Segment, 2013 – 2020, (USD Million) 

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Free Market Analysis


Increasing global demand for energy spurred by rapid industrialization and economic growth is expected to be one of the major growth drivers of the global microgrid market. To achieve the goal of energy security, governments across the world are investing in sustainable energy development projects. Power generation through microgrids using renewable energy sources is one such step towards achieving energy security without compromising on environmental norms. A microgrid can be defined as a group of localized distributed energy resources (DERs) and energy storage devices, and interconnected loads operating as a single controllable unit with respect to the conventional grid (macro-grid). A microgrid enables local electricity generation, energy storage, and power consuming devices to operate independently from the macro-grid. Increased power quality and reliability are two of the major advantages microgrids have over macro-grids. Rapid rise in energy consumption owing to the ongoing industrial development and population increase are expected to drive the microgrid market.

A microgrid provides numerous economic, technical, environmental, and social benefits to the stakeholders of the microgrid. Economic and technical benefits offered by microgrids include improved power quality and reliability, reduced emissions, and improved energy efficiency. A shift towards renewable or low-emission fuels is one of the major environmental benefits, which can be achieved through the deployment of microgrids. Several social benefits of microgrids include: electrification of remote or underdeveloped areas and creation of new research and development projects and job opportunities. 

Grid-tied (grid-connected) and remote (off-grid) are the main types of microgrids. A grid-tied microgrid is capable of working with or without any connection to the main grid. On the other hand, remote microgrids are autonomous systems designed for use in areas that lack grid infrastructure. The key components that enable a microgrid to function independently of the macro-grid are: control and supervisory (central management and control), communication (IT communication, smart meters, and sensors), system (power electronics and smart controller), and field components (distributed generation, energy storage, and grid components).

The burgeoning demand for power, along with an increased need for secure, reliable, and emission-free power propels the demand for microgrids. The advantage of energy storage technology has enabled microgrids to work independently. As a result, microgrids can be installed in remote geographical locations, which are not connected to the main grid. Currently, microgrids are used by militaries, universities, and commercial and industrial users to provide primary or backup power. Increasing power outages, fluctuating cost, and supply of fossil fuels and concerns related to energy security have encouraged users to incorporate renewable energy generation into their energy portfolios.

Applications of microgrids include campus/institutions, community/utility, commercial/industrial, defense/military, and remote islands. The campus and institutions segment is estimated to dominate the microgrid market over the forecast period. Government funding for promoting development of renewable energy sources at campuses and institutes is anticipated to be one of the major factors driving growth in this segment. The defense and military segment is expected to drive major growth in the North American region. This growth is attributed to the need for improved energy security and reliability. The remote islands segment is estimated to grow at the highest rate in the future. A large stream of investments is anticipated in Asia Pacific and Europe in the future. Markets in North America are estimated to grow at moderately high rates in the near future. Countries that have not invested in the microgrid market, or have just begun to, may prove to be primary drivers of growth in the future. Conducive regulations and policy frameworks would facilitate substantial growth in the market.

Key players in the market include: Chevron Corporation, Power Analytics Corporation, GE Energy Management, Pareto Energy, and Siemens AG. Others market players profiled in this research report include ABB, Echelon Corporation, Honeywell International, Inc., Schneider Electric, S&C Electric Company, Toshiba Corporation, Viridity Energy, Inc., and ZBB Energy Corporation.

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