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Published Date: 2014-11-28Number of Pages: 107

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

Global Microgrid Market: Snapshot 

Rapid industrialization and economic development across most parts of the world has necessitated increased energy production, which is one of the key growth drivers of the global microgrid market. Governments across the world are engaging in sustainable energy development pursuits for long-term energy security. The use of microgrids for power generation using renewable energy sources is a viable means for energy security in the long-run that keeps with environmental regulations as well. 

A microgrid not only enables local electricity generation and energy storage but also enables power consuming devices to function independently from the macro-grid. Thus, microgrids can be installed in remote locations, which are not connected to the main loop. Microgrids are primarily used by military forces, universities, and commercial and industrial users for primary power needs or for backup power. Increased power quality and reliability are some key advantages of microgrids over macro-grids. 

Microgrids provide several economic, environmental, technical, and social benefits, which is expected to further stimulate the growth of microgrids market. Improved power quality and reliability, improved energy efficiency, and reduced emissions are some of the economic and technical benefits provided by microgrids. A shift towards renewable energy sources is one of the key environmental benefits that can be achieved through the deployment of microgrids. Electrification of remote or underdeveloped areas and set-up of new research and development projects that creates job opportunities are some of the social benefits of microgrids. 

On the flip side, absence of adequate regulatory framework and increasing cost of development of microgrid along with operational challenges are negatively impacting the growth of this market. 

The global microgrid market is expected to rise at a whopping 20.70% CAGR from 2014 to 2020 for the market’s valuation to increase from US$9.8 bn in 2013 to US$35.1 bn by 2020. 

Campus/Institutions Application Segment to Lead in Future 

In term of product, remote (off-grid) and grid-tied (grid connected) are the segments of the microgrid market. Of the two, grid-tied microgrids are operational with or without connection to the main grid, while remote microgrids are autonomous systems designed for use in remote areas that lack proper infrastructure. 

Key applications of microgrids include community/utility, defense/military, campus/institutions, commercial/industrial, and remote islands. Amongst these, the segment of campus/institutions is expected to lead the microgrid market over the forthcoming years. Government initiatives for promoting renewable energy sources for energy production is one of the major factors fuelling the growth of this segment. North America is expected to be the key region driving growth of defense and military segment. However, remote islands is expected to display the leading growth rate in the future. 

Heavy Investments for Energy Security Bodes Well for Asia Pacific and Europe Markets 

On the basis of geography, the microgrid market is divided into North America, Europe, Asia Pacific, and Rest of the World. Defense and military is expected to be the key end user of microgrids in North America. This is mainly due to the need for enhanced energy security and need for improved energy reliability within the defense and military sector of this region. Asia Pacific and Europe are expected to use microgrids on a large scale in the coming years. Increasing investments for restructuring energy mixes and favorable regulatory policies are expected to drive the demand for microgrids in these two regions. 

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

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) 

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)


 
 
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