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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

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

“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.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE MICROGRID MARKET
    • MICROGRID MARKET, BY OFFERING
    • AMERICAS HELD THE LARGEST SHARE OF THE MICROGRID MARKET
    • CHINA DOMINATED THE MICROGRID MARKET IN APAC
    • MICROGRID MARKET, BY CONNECTIVITY
  • MARKET OVERVIEW
    • MARKET SEGMENTATION
      • Table MICROGRID MARKET SEGMENTATION, BY OFFERING
      • Table MICROGRID MARKET SEGMENTATION, BY CONNECTIVITY
      • Table MICROGRID MARKET SEGMENTATION, BY GRID TYPE
      • Table MICROGRID MARKET SEGMENTATION, BY VERTICAL
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
        • Table ESTIMATED COST OF A 2MW MICROGRID
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • Table PORTER'S FIVE FORCES ANALYSIS: THREAT OF SUBSTITUTES LIKELY TO HAVE A MINIMUM IMPACT ON THE OVERALL MARKET
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
    • SAFETY, ISLANDING, AND ENERGY STORAGE STANDARDS
      • UL STANDARDS
      • IEEE STANDARDS
      • IEC STANDARDS
    • REGULATORY STANDARDS
      • Table MICROGRID MARKET: REGULATORY LANDSCAPE
  • MICROGRID MARKET, BY OFFERING
    • INTRODUCTION
      • Table MICROGRID MARKET, BY OFFERING, 2013-2022 (USD BILLION)
    • HARDWARE
      • Table MICROGRID MARKET, BY HARDWARE, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR HARDWARE, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • SWITCHGEAR
        • Table MICROGRID MARKET FOR SWITCHGEAR, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • POWER INVERTER
        • Table MICROGRID MARKET FOR POWER INVERTER, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • SMART METER
        • Table MICROGRID MARKET FOR SMART METER, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • RECIPROCATING ENGINE
        • Table MICROGRID MARKET FOR RECIPROCATING ENGINE, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • ENERGY STORAGE SYSTEM AND POWER GENERATOR
        • Table MICROGRID MARKET FOR ENERGY STORAGE SYSTEM AND POWER GENERATOR, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET, BY ENERGY STORAGE SYSTEM AND POWER GENERATOR, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR FUEL CELLS AND DIESEL GENSETS, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR CHP AND MICRO-CHP, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR MICROTURBINES, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR RENEWABLES, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET, BY RENEWABLE, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR BATTERIES, BY CONNECTIVITY, 2013-2022 (USD BILLION)
    • SOFTWARE
      • SOFTWARE AS A SERVICE
    • SERVICES
      • ENGINEERING AND DESIGN
      • MONITORING AND CONTROL
      • OPERATIONS AND MAINTENANCE
  • MICROGRID MARKET, BY CONNECTIVITY
    • INTRODUCTION
      • Table MICROGRID MARKET, BY CONNECTIVITY, 2013-2022 (USD BILLION)
    • GRID CONNECTED
      • Table MICROGRID MARKET FOR GRID-CONNECTED MICROGRID, BY OFFERING, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR GRID-CONNECTED MICROGRID, BY HARDWARE, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR GRID-CONNECTED MICROGRID, BY ENERGY STORAGE SYSTEM AND POWER GENERATOR, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR GRID-CONNECTED MICROGRID, BY VERTICAL, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR GRID-CONNECTED MICROGRID, BY INDUSTRIAL, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR GRID-CONNECTED MICROGRID, BY ELECTRIC UTILITY, 2013-2022 (USD BILLION)
    • REMOTE/ISLAND
      • Table MICROGRID MARKET FOR REMOTE/ISLAND MICROGRID, BY OFFERING, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR REMOTE/ISLAND MICROGRID, BY HARDWARE, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR REMOTE/ISLAND MICROGRID, BY ENERGY STORAGE SYSTEM AND POWER GENERATOR, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR REMOTE/ISLAND MICROGRID, BY VERTICAL, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR REMOTE/ISLAND MICROGRID, BY INDUSTRIAL, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR REMOTE/ISLAND MICROGRID, BY ELECTRIC UTILITY, 2013-2022 (USD BILLION)
  • MICROGRID MARKET, BY GRID TYPE (QUALITATIVE CHAPTER)
    • INTRODUCTION
    • AC MICROGRID
    • DC MICROGRID
    • HYBRID
  • MICROGRID MARKET, BY VERTICAL
    • INTRODUCTION
      • Table MICROGRID MARKET, BY VERTICAL, 2013-2022 (USD BILLION)
    • HEALTHCARE
      • Table MICROGRID MARKET FOR HEALTHCARE, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR HEALTHCARE, BY REGION, 2013-2022 (USD BILLION)
    • EDUCATIONAL INSTITUTIONS
      • Table MICROGRID MARKET FOR EDUCATIONAL INSTITUTIONS, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR EDUCATIONAL INSTITUTIONS, BY REGION, 2013-2022 (USD BILLION)
    • INDUSTRIAL
      • Table MICROGRID MARKET FOR INDUSTRIAL VERTICAL, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET, BY INDUSTRIAL, 2013-2022 (USD BILLION)
      • STEEL
        • Table MICROGRID MARKET FOR STEEL VERTICAL, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR STEEL VERTICAL, BY REGION, 2013-2022 (USD BILLION)
      • MINING
        • Table MICROGRID MARKET FOR MINING VERTICAL, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR MINING VERTICAL, BY REGION, 2013-2022 (USD BILLION)
      • OTHERS
        • Table MICROGRID MARKET FOR OTHER INDUSTRIAL VERTICALS, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR OTHER INDUSTRIAL VERTICALS, BY REGION, 2013-2022 (USD BILLION)
    • MILITARY
      • Table MICROGRID MARKET FOR MILITARY VERTICAL, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR MILITARY VERTICAL, BY REGION, 2013-2022 (USD BILLION)
    • ELECTRIC UTILITY
      • Table MICROGRID MARKET FOR ELECTRIC UTILITY VERTICAL, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR ELECTRIC UTILITY VERTICAL, BY REGION, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET, BY ELECTRIC UTILITY, 2013-2022 (USD BILLION)
      • URBAN ELECTRIFICATION
        • Table MICROGRID MARKET FOR URBAN ELECTRIFICATION, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR URBAN ELECTRIFICATION, BY REGION, 2013-2022 (USD BILLION)
      • RURAL ELECTRIFICATION
        • Table MICROGRID MARKET FOR RURAL ELECTRIFICATION, BY CONNECTIVITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET FOR RURAL ELECTRIFICATION, BY REGION, 2013-2022 (USD BILLION)
    • OTHERS
      • Table MICROGRID MARKET FOR OTHER VERTICALS, BY CONNECTIVITY, 2013-2022 (USD BILLION)
      • Table MICROGRID MARKET FOR OTHER VERTICALS, BY REGION, 2013-2022 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table MICROGRID MARKET, BY REGION, 2013-2022 (USD BILLION)
    • AMERICAS
      • STRONG SUPPORT FROM THE GOVERNMENT
        • Table MICROGRID MARKET IN AMERICAS, BY VERTICAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN AMERICAS, BY INDUSTRIAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN AMERICAS, BY ELECTRIC UTILITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN AMERICAS, BY REGION, 2013-2022 (USD BILLION)
      • NORTH AMERICA
        • Table MICROGRID MARKET IN NORTH AMERICA, BY COUNTRY, 2013-2022 (USD BILLION)
      • LATIN AMERICA
        • Table MICROGRID MARKET IN LATIN AMERICA, BY COUNTRY, 2013-2022 (USD BILLION)
    • EUROPE
      • R&D PROJECTS SHAPING THE FUTURE OF THE EUROPEAN MICROGRID MARKET
        • Table MICROGRID MARKET IN EUROPE, BY VERTICAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN EUROPE, BY INDUSTRIAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN EUROPE, BY ELECTRIC UTILITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN EUROPE, BY COUNTRY, 2013-2022 (USD BILLION)
      • REST OF EUROPE
    • APAC
      • INCREASE IN INSTALLATION OF MICROGRIDS DUE TO THE RISING DEMAND FOR ENERGY
        • Table MICROGRID MARKET IN APAC, BY VERTICAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN APAC, BY INDUSTRIAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN APAC, BY ELECTRIC UTILITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN APAC, BY COUNTRY, 2013-2022 (USD BILLION)
      • INDIA
      • CHINA
      • AUSTRALIA
      • JAPAN
      • REST OF APAC
    • REST OF THE WORLD
      • HIGH DEMAND FOR MICROGRIDS IN INDUSTRIAL APPLICATIONS
        • Table MICROGRID MARKET IN ROW, BY VERTICAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN ROW, BY INDUSTRIAL, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN ROW, BY ELECTRIC UTILITY, 2013-2022 (USD BILLION)
        • Table MICROGRID MARKET IN ROW, BY REGION, 2013-2022 (USD BILLION)
      • MIDDLE EAST
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: MICROGRID MARKET
      • Table MARKET RANKING OF THE TOP 5 PLAYERS IN THE MICROGRID MARKET, 2015
    • COMPETITIVE SCENARIO
    • RECENT DEVELOPMENTS
      • PARTNERSHIPS/AGREEMENTS/JOINT VENTURES/COLLABORATIONS
        • Table PARTNERSHIPS/AGREEMENTS/JOINT VENTURES/COLLABORATIONS, 2014-2016
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2015-2016
      • EXPANSIONS
        • Table EXPANSIONS, 2014-2016
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2015-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS & SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EATON CORPORATION PLC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EXELON CORPORATION
      • BUSINESS OVERVIEW
      • TECHNOLOGIES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • CATERPILLAR INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • POWER ANALYTICS CORPORATION
      • BUSINESS OVERVIEW
      • SOFTWARE AND SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • HOMER ENERGY LLC
      • BUSINESS OVERVIEW
      • SOFTWARE OFFERED
      • RECENT DEVELOPMENTS
    • S&C ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • KEY INNOVATORS
      • TESLA MOTORS INC.
      • STEAMA CO. LTD.
      • GREEN ENERGY CORP.
      • ADVANCED MICROGRID SOLUTIONS
      • GENERAL MICROGRIDS, INC.
      • VIRIDITY ENERGY, INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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