Microgrid Market Size 2014 - 2020

Transparency Market
Research
Microgrid Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2014 – 2020
Published Date
2014-11-28
107 Page Report
Buy Now
Request Sample
Press Release
Microgrid Capacity and Market Revenue is Estimated to Reach 9,347.6
MW and USD 35,186.0 Million by 2020
Transparency Market Research
State Tower,
90, State Street, Suite 700.
Albany, NY 12207
United States
www.transparencymarketresearch.com
[email protected]
Microgrid Market
REPORT DESCRIPTION
Transparency Market Research has released a new market research report- According to the report, the
global microgrid capacity stood at 3,600.0 MW in 2013 and is projected to reach 9,347.6 MW by 2020. In terms
of market revenue, the Global Microgrid Market was valued at USD 9,841.8 million in 2013 and is anticipated
to reach USD 35,186.0 million by 2020, growing at a CAGR of 20.7% between 2014 and 2020.
Browse the full Microgrid Market report at
http://www.transparencymarketresearch.com/microgrids-market.html
Rapid rise in global demand for energy, spurred by demographic and economic growth is expected to drive 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 enables local electricity generation, energy storage, and power consuming devices to operate
independently of the macro-grid. Microgrids can be operated either in non-autonomous or autonomous mode.
A microgrid offers several advantages as compared to conventional grids. Some advantages include increased
power reliability owing to less number of power outages, improved quality of power on account of less
transmission losses in the grid, and availability of power at lower rates to end consumers owing to integration
of renewable energy resources in the microgrid.
Grid-tied microgrid is expected to dominate the market in terms of revenue. Increasing cost of electricity and
frequently occurring power outages are driving the market for the grid-tied segment. Moreover, government
policies promoting the use of renewable energy sources such as solar, wind, and geothermal is anticipated to
propel the demand for grid-tied microgrids. Lack of grid connectivity, especially in rural areas, is a key factor
driving growth in the remote microgrid segment. Moreover, advancement in energy storage technologies and
reducing cost of electricity generated through renewable energy resources is likely to fuel additional demand in
the remote microgrid segment.
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
Transparency Market Research
2
Microgrid Market
expected to drive major growth in the North American region; driven by the need for improved energy security
and reliability. The remote islands segment is estimated to grow at the highest rate in future. The global
microgrid market was dominated by North America in 2013. The demand in this region is driven by increased
rate of microgrid adoption in the military and institutes segments. North America was followed by Asia Pacific
and Europe. Significant spending on microgrid research and development activities, rapidly increasing demand
for power, and poor grid infrastructure in countries such as India are some of the major factors behind the rapid
growth in Asia Pacific. Asia Pacific is projected to grow at the highest rate, primarily led by countries such as
Japan, China, and India.
Key players in the market include: 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.
microgrids-market
The research study analyzes and estimates the market size in terms of microgrid capacity (MW) and market
revenue (USD Million). The report covers the product and application segment and provides region-wise data
in terms of capacity and revenue. The report provides historical data, detailed analysis, and statistically refined
forecast (2014 – 2020) for the product, application, and geographical segments. The research also provides
comprehensive analysis of key market players operating in the microgrid market.
The research study has been segmented as below:
Global Microgrid Market: Product Segment
Grid-tied (Grid Connected)
Remote (Off-grid)
Global Microgrid Market: Application Segment
Transparency Market Research
3
Microgrid Market
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)
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
Transparency Market Research
4
Microgrid Market
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
Transparency Market Research
5
Microgrid Market
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
Transparency Market Research
6
Microgrid Market
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)
Transparency Market Research
7
Microgrid Market
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
Transparency Market Research
8
Microgrid Market
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
Transparency Market Research
9
Microgrid Market
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
Transparency Market Research
10
Microgrid Market
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)
Transparency Market Research
11
Microgrid Market
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)
Transparency Market Research
12
Microgrid Market
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)
Get Sample Free Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=236
Transparency Market Research
13
Microgrid Market
About Us
Transparency Market Research is a market intelligence company providing global business information reports
and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our business
offerings represent the latest and the most reliable information indispensable for businesses to sustain a
competitive edge.
Contact
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com/
Browse The Market Research Blog :
http://researchandreports.wordpress.com/
Transparency Market Research
14

The vendor landscape of the global microgrid market is reigned by business giants such as Chevron Corporation, GE Energy Management, Power Analytics Corporation, Siemens AG, and Pareto Energy and emerging corporations such ZBB Energy Corporation, Viridity Energy, Inc., Schneider Electric, Echelon Corporation, S&C Electric Company, Honeywell International, Inc., Toshiba Corporation, and ABB. With the increasing global demand for energy leading to microgrid market growth, each of the company is trying to buckle up and achieve sustainable growth. Download the Microgrid Industry Fact Sheet by 2020 @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=236