HOME Top Market Reports Microgrid Market by Type (Hybrid, Off-Grid, Grid Connected), Component (Storage, Inverter), Technology (Fuel Cell, CHP), Consumer Pattern (Urban, Rural), Application (Campus, Commercial, Defense), and Geography - Global Forecast to 2022

Microgrid Market by Type (Hybrid, Off-Grid, Grid Connected), Component (Storage, Inverter), Technology (Fuel Cell, CHP), Consumer Pattern (Urban, Rural), Application (Campus, Commercial, Defense), and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: SE 2881

 

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Microgrid is an electrical system that includes multiple loads and distributed energy resources that can be operated in parallel with a broader utility grid. An electric grid is an interconnected network for delivering electricity from suppliers to consumers. Distributed energy, also known as decentralized energy is generated or stored by a variety of small, grid connected devices referred to as distributed energy resources (DER). Many countries generate electricity in large centralized facilities, such as fossil fuel, nuclear power plants, large solar power plants or hydropower plants. These plants transmit electricity for long distances and can negatively affect the environment. Thus, a distributed generation system is used, which allows collection of energy from many sources and may give lower environmental impacts and improved security of supply.

The increasing adoption of microgrid all across the world presents a plethora of opportunities to both electrical and electronics industry participants such as micro-turbine manufacturers, control system suppliers, generator and storage players, and allied industries such as solar PV, and wind turbine among others. The overall market for microgrid is poised to grow manifold backed by the need for distributed generation and clean and green energy. Microgridsare likely to leapfrog transmission lines as the cell phones leapfrogged the need for telephone land lines.

The microgrid market report provides the current size of the global microgrid market and forecasts the same for the period 2013-2022. The report provides the profile of all major companies in the microgrid market. The report provides the competitive landscape of key players, which indicates the growth strategy of the market. The report also covers the entire value chain for the market from araw material supplier to anend user. Along with the value chain, this report also provides an in-depth view on the market segmentationsuch as technology, application, consumption pattern, type and geography, and the drivers and restraints for the microgrid market.The technology segment for the global microgrid market includes segmentation- by component and by power technology. The application segment for the global microgrid market includes segmentation by campus/institutional, commercial, defense & military, and others. The consumption pattern segment for the global microgrid market includes segmentation by urban/metropolitan, semi-urban, and rural island. Similarly, the grid type market is segmented by grid connected, off-grid, and hybrid.The geographic analysis contains anin-depth classification for North America, Europe, and APAC, which contain major countries covering the market.

The microgrid market report also provides market dynamics such as drivers, restraints, and opportunities. Major drivers include increasing demand and aging infrastructure, need for reliable and secure power, electrification in the third world countries, and regulatory incentives. Major restraints are technological and economic barriers. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type along with the qualitative analysis, such as the value chain analysis, and market crackdown analysis.

Major players in the microgrid market are ABB Group (Switzerland), Siemens AG (Germany), and GE (U.S.), Lockheed Martin Corporation (U.S.).

Table of Contents 
 
1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Markets Covered
    1.3 Stakeholders
    1.4 Market Scope

2 Research Methodology (Page No. - 17)
    2.1 Description of the Microgrid Demand Analysis
    2.2 Market Size Estimation
    2.3 Market Crackdown and Data Triangulation
    2.4 Market Share Estimation
          2.4.1 Key Data From Secondary Sources
          2.4.2 Key Data From Primary Sources
                  2.4.2.1 Key Industry Insights
    2.5 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in Microgrid
    4.2 Microgrid Market – Grid Types
    4.3 Microgrid Market in Asia-Pacific
    4.4 India and China Are Expected to Grow in the Microgrid Market Within the Next Eight Years
    4.5 Microgrid Market: Product Types (2022)
    4.6 Microgrid Market: Developed vs. Developing Nations
    4.7 Life Cycle Analysis, By Geography, 2013

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Definition
          5.2.1 Microgrid Standard –Ieee 1547.4
                   5.2.1.1 Positive Developments in Standardization, Guidelines for Islanding and Distributed Generation
          5.2.2 Microgrid Topology
                   5.2.2.1 Institutional Microgrids
                   5.2.2.2 Military-Based Microgrids
                   5.2.2.3 Remote Microgrids
    5.3 Market Segmentation
    5.4 Market Dynamics
          5.4.1 Drivers
                   5.4.1.1 Widespread Industrialization and Population Growth
                   5.4.1.2 Need of Distributed Generation Technology
                   5.4.1.3 Increasing Demand of Reliable and Secure Power Supply
                   5.4.1.4 Electrification in Third World Countries
                   5.4.1.5 Government Regulations and Incentives
                   5.4.1.6 Growing Need of Green Energy
          5.4.2 Restraints
                   5.4.2.1 High Installation Costs
                   5.4.2.2 Technological Barriers
                   5.4.2.3 Economic Barrier
          5.4.3 Opportunity
                   5.4.3.1 Increased Investments
          5.4.4 Challenges
                   5.4.4.1 Safety Concern Due to Unintentional Islanding
                   5.4.4.2 Lack of Established Standards for Microgrids
          5.4.5 Burning Issue
                   5.4.5.1 Utilities Reluctance
          5.4.6 Winning Imperative
                   5.4.6.1 Implementation and Management Through Partnership

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Value Chain Analysis
          6.2.1 Power Generation
          6.2.2 Storage
          6.2.3 Microgrid Infrastructure Enablement and Power Distribution
          6.2.4 End User
    6.3 Porter’s Five forces Analysis
          6.3.1 Intensity of Competitive Rivalary
          6.3.2 Threat of Substitutes
          6.3.3 Bargaining Power of Buyers
          6.3.4 Bargaining Power of Suppliers
          6.3.5 Threat of New Entrants
    6.4 Industry Lifecycle

7 Market By Components and Power Technology (Page No. - 59)
    7.1 Introduction
    7.2 Market Analysis By Component
          7.2.1 Electrical Switch Gears
          7.2.2 Microgrid Power Inverter
          7.2.3 Microgrid Energy Storage Systems
                   7.2.3.1 Microgrid Market to Drive Exponential Growth for Grid-Based Energy Storage Devices and Technologies
                   7.2.3.2 Storage Technologies
                               7.2.3.2.1 Batteries
                               7.2.3.2.2 Flywheels
                   7.2.3.3 Others
                               7.2.3.3.1 Superconducting Magnetic Energy Storage (SMES)
                               7.2.3.3.2 Super Capacitors
          7.2.4 Microgrid Smart Meters
                   7.2.4.1 Smart Meter Shipments in Microgrid Expected to Grow at A Staggering CAGR of 25.25%
          7.2.5 Microturbine
          7.2.6 Reciprocating Engine
    7.3 Market By Power Technology
          7.3.1 Fuel Cells and Diesel Gensets
                   7.3.1.1 Fuels Cells- A Dominant Distributed Generation Source But A Declining Future Market
                   7.3.1.2 Diesel Gensets
          7.3.2 PV Cells in Microgrid to Grow at A CAGR of 19% From 2013-2022
                   7.3.2.1 Promising Technology for Microgrid
          7.3.3 Combined Heat and Power (CHP)
          7.3.4 Wind Based Power Generation
                   7.3.4.1 Potential Market for Microgrid- Small Wind Turbine
          7.3.5 Others

8 Market By Grid Types (Page No. - 74)
    8.1 Introduction
    8.2 Grid Connected
    8.3 Off-Grid
    8.4 Hybrid

9 Market By Consumption Pattern (Page No. - 87)
    9.1 Introduction
    9.2 Urban & Metropolitan
    9.3 Semiurban
    9.4 Rural/Island

10 Market By Application (Page No. - 91)
     10.1 Introduction
     10.2 Campus/ Institutional
             10.2.1 Educational(Colleges and Universities)
             10.2.2 Government Buildings
             10.2.3 Research Organizations
     10.3 Commercial
             10.3.1 Healthcare
             10.3.2 Data Centers & Telecom Infrastructure
             10.3.3 Industrial Sector
     10.4 Defense & Military
             10.4.1 Defense Establishments
             10.4.2 Expeditionary Power Applications
     10.5 Others

11 Geographic Analysis (Page No. - 99)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
             11.2.4 Pestle Analysis
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Others
             11.3.5 Pestle Analysis
     11.4 APAC
             11.4.1 China
             11.4.2 India
             11.4.3 Others
             11.4.4 Pestle Analysis
     11.5 ROW
             11.5.1 Latin America
             11.5.2 Middle East
             11.5.3 Africa
             11.5.4 Pestle Analysis

12 Competitive Landscape (Page No. - 124)
     12.1 Introduction
     12.2 Market Share Analysis
     12.3 Competitve Situation and Trends
             12.3.1 New Product Launches
             12.3.2 Agreements, Partnerships, Collaborations, and Joint Ventures
             12.3.3 Mergers and Acquisitions
             12.3.4 Contracts
             12.3.5 Other Developments

13 Company Profile (Page No. - 135)
     (Overview, Products and Services, Financials, Strategy & Development)* 
     13.1 Introduction
     13.2 ABB Ltd.
     13.3 Chevron Energy
     13.4 General Electric
     13.5 Lockheed Martin Corporation
     13.6 Microgrid Energy LLC
     13.7 Pareto Energy
     13.8 Power Analytics Corporation
     13.9 Siemens AG.
     13.10 Spirae Inc.
     13.11 Viridity Energy, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies. 

14 Appendix (Page No. - 169)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
 
List of Tables (76 Tables)
 
Table 1 Global Microgrid Drivers, By Establishment
Table 2 Widespread Industrialization and Population Growth Are Propelling the Growth of the Microgrid Market
Table 3 Utility Electricity Distribution Infrastructure Age in New York (U.S.)
Table 4 High Installation Cost is Restraining the Growth of the Microgrid Market
Table 5 Increased Investments in the Microgrid Technology Paving A Growth Avenue for Players in the Microgrid Market
Table 6 Safety Concern Due to Unintentional islanding is A Major Challenge for the Microgrid Market
Table 7 Microgrid Market Size, By Component, 2013–2022 ($Million)
Table 8 LV Switch Gear Component Segment Market Size, 2013–2022 (Million Units, $Million) 
Table 9 Micro-Inverter Component Segment Market Size, 2013–2022 (MW, $Million) 
Table 10 Manufactured Grid Based Energy Storage Device Segment Market Size, 2013 - 2022 ($Million)
Table 11 Microgrid Battery Type Market Size, 2013-2022 ($Million)
Table 12 Smart Meter Component Market Size, 2013–2022 ($Million, Million Units) 
Table 13 Microgrid Market Size, By Power Technology, 2013–2022 ($Million)
Table 14 Diesel Genset/Fuel Cells Based Microgrid Power Capacity, By Geography, 2013–2022 (MW) 
Table 15 PV Cells Based Microgrid Power Capacity, By Geography, 2013–2022 (MW) 
Table 16 PV Microgrid Challenges and Recommendation
Table 17 CHP Based Microgrid Power Capacity, By Geography, 2013–2022 (MW)
Table 18 Wind Based Microgrid Power Capacity, By Geography, 2013–2022 (MW)
Table 19 Other Technologies Based Microgrid Power Capacity, By Geography, 2013–2022 (MW)
Table 20 Global Microgrid Market Size By Type, 2013-2022 ($Billion)
Table 21 Global Microgrid Installed Capacity, By Type, 2013-2022 (GW)
Table 22 Grid Connected Microgrid, By Application, 2013-2022 ($Million)
Table 23 Grid Connected Microgrid Market for Defense & Military Application, By Geography, 2013-2022 ($Million)
Table 24 Grid Connected Microgrids for Campus/Institutional Application, By Geography, 2013-2022 ($Million) 
Table 25 Grid Connected Microgrids for Commercial Application, By Geography, 2013-2022 ($Million)
Table 26 Grid Connected Microgrid for Other Application, By Geography, 2013-2022 ($Million) 
Table 27 Grid Connected Microgrid, By Geography, 2013-2022 ($Million)
Table 28 Grid Connected Microgrid Power Capacity, By Geography, 2013-2022 (MW) 
Table 29 Off-Grid Microgrid, By Application, 2013-2022 ($Million)
Table 30 Off-Grid Microgrid for Defense & Military Application, By Geography, 2013-2022 ($Million)
Table 31 Off-Grid Microgrid for Campus/Institutional Application, By Geography, 2013-2022 ($Million) 
Table 32 Off-Grid Microgrid for Commercial Application, By Geography, 2013-2022 ($Million) 
Table 33 Off-Grid Microgrid for Other Application, By Geography, 2013-2022 ($Million) 
Table 34 Off-Grid Microgrid Power Capacity, By Geography, 2013-2022 (MW)
Table 35 Hybrid Microgrid, By Application, 2013-2022 ($Million)
Table 36 Hybrid Microgrid for Defense & Military Application, By Geography, 2013-2022 ($Million)
Table 37 Hybrid Microgrid for Campus/Institutional Application, By Geography, 2013-2022 ($Million)
Table 38 Hybrid Microgrid for Commercial Application, By Geography, 2013-2022 ($Million) 
Table 39 Hybrid Microgrid for Other Application, By Geography, 2013-2022 ($Million) 
Table 40 Hybrid Microgrid Power Capacity, By Geography, 2013-2022 (MW)
Table 41 Microgrid Market, By Consumption Pattern, 2013-2022 ($Million)
Table 42 Global Microgrid Power Capacity, By Consumption Pattern, 2013-2022 (MW) 
Table 43 Microgrid Power Capacity, By Application, 2013-2022 (GW)
Table 44 Microgrid Market Size, By Application, 2013-2022 ($Million)
Table 45 Campus/Institutional, Microgrid Power Capacity By Application, 2013-2022 (MW) 
Table 46 Campus/Institutional Segment Market Size, By Application, 2013-2022 ($Million) 
Table 47 Commercial Microgrid Power Capacity ,By Application, 2013-2022 (MW)
Table 48 Commercial Segment, By Application, 2013-2022 ($Million)
Table 49 Defense & Military Microgrid Power Capacity, By Application, 2013-2022 (MW) 
Table 50 Defense & Military Segment, By Application, 2013-2022 ($Million)
Table 51 Global Microgrid Market Size By Geography, 2013-2022 ($Billion)
Table 52 Global Microgrid Market Power Capacity, By Geography, 2013-2022 (GW) 
Table 53 North America: Microgrid Market Size, By Type, 2013-2022 ($Billion)
Table 54 North America: Microgrid Power Capacity By Type, 2013-2022 (GW)
Table 55 North America: Microgrid Market Size By Application, 2013-2022 ($Billion) 
Table 56 North America: Microgrid Market Size By Country, 2013-2022 ($Billion)
Table 57 North America Microgrid Power Capacity By Country, 2013-2022 (GW)
Table 58 Pestle Analysis: North America
Table 59 Europe: Microgrid Market Size By Type, 2013-2022 ($Billion)
Table 60 Europe: Microgrid Power Capacity By Type, 2013-2022 (GW)
Table 61 Europe: Microgrid Market Size By Application, 2013-2022 ($Billion)
Table 62 Europe: Microgrid Market Size By Country, 2013-2022 ($Billion)
Table 63 Europe: Microgrid Power Capacity By Country, 2013-2022 (GW)
Table 64 Pestle Analysis, Europe
Table 65 APAC: Microgrid Market Size, By Type, 2013-2022 ($Billion)
Table 66 APAC: Microgrid Power Capacity By Type, 2013-2022 (GW)
Table 67 APAC: Microgrid Market Size By Application, 2013-2022 ($Billion)
Table 68 APAC Microgrid Power Capacity By Country, 2013-2022 (GW)
Table 69 Pestle Analysis, APAC
Table 70 ROW: Microgrid Market Size By Type, 2013-2022 ($Billion)
Table 71 ROW: Microgrid Power Capacity By Type, 2013-2022 (GW)
Table 72 ROW: Microgrid Market Size By Application, 2013-2022 ($Billion)
Table 73 ROW: Microgrid Market Size By Country, 2013-2022 ($Billion)
Table 74 ROW Microgrid Power Capacity By Country, 2013-2022 (GW)
Table 75 Pestle Analysis, ROW
Table 76 Other Developments, 2011–2014
 
 
List of Figures (62 Figures) 
 
Figure 1 Microgrid Market: Research Design
Figure 2 Microgrid Market By Country CAGR (%)
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: top-Down Approach
Figure 5 Beakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Market Snapshot (2013 vs 2022): off-Grid is Expected to Continue Dominating the Microgrid Market for the Next Eight Years
Figure 7 the Global Microgrid Market Installed Capacity, By Application, 2013
Figure 8 Microgrid Market Share in Terms of Installed Capacity (GW), 2013
Figure 9 Attractive Market Opportunities in Microgrid
Figure 10 Off-Grid to Grow at the Highest Rate Among All Grid Types in the Microgrid Market
Figure 11 Campus/Institutional Segment Accounted for A Largeshare in Asia-Pacific
Figure 12 The U.S. Accounted for the Largest Share in the Microgrid Market
Figure 13 North American Market is Expected to Dominate the Microgrid Market in the Next Eight Years
Figure 14 Developing Markets Are Growing Faster Than Developed Ones
Figure 15 APAC Market is Expected to Be the Fastest Growing Region in the Coming Years
Figure 16 Basic Microgrid Schematic
Figure 17 Microgrid Planning and Design Process
Figure 18 Market Segmentation
Figure 19 Increasing Demand of Reliable and Secure Power Supply is Expected to Spur the Growth for Microgrids
Figure 20 Microgrid Market Value Chain
Figure 21 Porter’s Five forces Analysis
Figure 22 Intensity of Competitive Rivalry
Figure 23 Threat of Substitute
Figure 24 Bargaining Power of Buyers
Figure 25 Bargaining Power of Suppliers
Figure 26 Threat From New Entrants
Figure 27 Microgrid Industry Lifecycle
Figure 28 Microgrid Market: By Technology and Component
Figure 29 Microgrid With Storage
Figure 30 Example of Fuel Cell
Figure 31 Microgrid Market By Grid Type
Figure 32 Microgrid Market Segmentation, By Consumption Pattern
Figure 33 Basic Microgrid Schema in Rural Areas
Figure 34 Microgrid Application Market Segmentation
Figure 35 Geographic Snapshot (2013) – Fastest Growing Markets Are Emerging as New Hot Spots
Figure 36 APAC – An Attractive Market for All Microgrid Product Categories
Figure 37 The North America Market Snapshot: Growth is Driven By increasing Government Efforts for Distributed Generation
Figure 38 Asia-Pacific Snapshot: Campus/Institutional is the Most Lucrative Application Area in Microgrid Market
Figure 39 Companies Adopted Partnerships/Agreements/Collaborations as A Key Growth Strategy Over the Last Three Years
Figure 40 Microgrid Market Share, By Key Player, 2013
Figure 41 Market Evolution Framework- Investments in Mergers & Acquisitions Have Fueled the Growth and Innovation in 2013 and 2014
Figure 42 Battle for Market Share: Agreements, Collaborations, Partnerships and Joint Ventures Was the Key Strategy
Figure 43 New Product Launches, 2011–2014
Figure 44 Agreements, Partnerships, Collaborations, and Joint Ventures, 2011–2014 
Figure 45 Mergers and Acquisitions, 2011–2014
Figure 46 Contracts, 2011-2014
Figure 47 Geographic Revenue Mix of Major Market Players
Figure 48 Competitive Benchmarking of Key Market Players (2011-2014)
Figure 49 ABB Ltd.: Company Snapshot
Figure 50 ABB Ltd.: SWOT Analysis
Figure 51 Chevron Energy: Business Overview
Figure 52 General Electric: Company Snapshot
Figure 53 General Electric: SWOT Analysis
Figure 54 Lockheed Martin Corporation: Company Snapshot
Figure 55 Lockheed Martin Corporation: SWOT Analysis
Figure 56 Microgrid Energy LLC: Business Overview
Figure 57 Pareto Energy: Business Overview
Figure 58 Power Analytics Corporation: Business Overview
Figure 59 Siemens AG.: Company Snapshot
Figure 60 Siemens AG.: SWOT Analysis
Figure 61 Spirae Inc.: Business Overview
Figure 62 Viridity Energy, Inc.: Business Overview

Microgrids are distributed, small-scale versions of the centralized conventional grid systems. A microgrid’s distinctive feature is its ability, to separate and isolate itself from the utility grid (macrogrid) effortlessly with little or no disruption to the loads within the system and automatically reconnect as and when required.To provide tailored, efficient, and reliable energy services to end users, microgrid employs and integrates a wide range of distributed energy technologies such as generation, storage and advanced controls, metering, and communications into a controlled system that manages energy generation, transmission, distribution, and usage on a small scale compared to the conventional macrogrid.

This small local nature has its own benefits, such as reliability, flexibility, and enhanced security. The key technology has been introduced to allow widespread adoption of microgrids. Apart from acting as a generation and distribution source like aconventional grid system, microgrids provide a useful platform to integrate renewable resources on the community level and allow for customer participation in the electricity network of microgrids.

The report analyzes the global microgrid market and presents detailed insights of the market by technology, by characteristic, by application, by consumption pattern and by geography. Besides, a detailed discussion on drivers, restraints and opportunities of the market arealso presented. Further, it contains market size projections and analysis of trends with respect to the market. The technology segment for the global microgrid market includes segmentation- by component and by power technology.The application segment includes segmentation by campus/institutional, commercial, defense & military, and others. The consumption pattern segment includes segmentation by urban/metropolitan, semi-urban, and rural island. Similarly, the grid type market is segmented by grid connected, off-grid, and hybrid.

The geographic analysis contains anin-depth classification for North America, Europe, and APAC, which contains the major countries covering thismarket. Further, Brazil and South Africa have been classified underRoW. The report also contains drivers, restraints, opportunities, current market trends, winning imperatives, and burning issues of the global Microgrid market.

Worldwide revenue from deployments of microgrids is expected to grow to $25.28 billion by 2022, at a CAGR of 17.36% during 2014 to 2022. On the other hand, the global microgrid capacity is expected to reach over 14.99 GW by 2022, growing at a CAGR of 16.80% from 2014-2022.The Campus/Institutional microgrid will be the key application area throughout the forecast period. The Off-grid microgrid is forecast to grow at the highest rate during the same period.

The contents of this reportinclude discussion on key high growth markets, thereby marking the growth trend in the global Microgrid market. Additionally, the report also analyzes various markets across the value chain; a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro-markets and micro-markets with respect to North America, Europe, Asia-Pacific, and RoW.

Major players in the market include ABB Ltd. (Switzerland), Siemens AG (Germany), Lockheed Martin Corporation (U.S.), GE Electric (U.S.), Chevron energy (U.S.), and manymore.

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