1 INTRODUCTION 17
1.1 STUDY OBJECTIVES 17
1.2 DEFINITION AND SCOPE 17
1.2.1 INCLUSIONS AND EXCLUSIONS 18
1.3 STUDY SCOPE 18
1.3.1 MARKETS COVERED 18
1.3.2 REGIONAL SCOPE 19
1.3.3 YEARS CONSIDERED 19
1.4 CURRENCY 19
1.5 STAKEHOLDERS 20

2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 23
2.1.1.1 Key data from secondary sources 23
2.1.2 PRIMARY DATA 23
2.1.2.1 Breakdown of primaries 24
2.1.2.2 Key data from primary sources 24
2.1.3 SECONDARY AND PRIMARY RESEARCH 25
2.2 MARKET SIZE ESTIMATION 26
2.2.1 BOTTOM-UP APPROACH 28
2.2.1.1 Approach used to arrive at market size using bottom-up analysis (demand side) 28
2.2.1.2 Approach for obtaining company-specific information in microgrid value chain 28
2.2.2 TOP-DOWN APPROACH 29
2.2.2.1 Approach used to arrive at market size using top-down analysis (supply side) 29
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 30
2.4 RESEARCH ASSUMPTIONS 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHT 36
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MICROGRID MARKET 36
4.2 MICROGRID MARKET, BY CONNECTIVITY 36
4.3 MICROGRID MARKET IN APAC, BY END USE AND COUNTRY 37
4.4 MICROGRID MARKET IN AMERICAS, BY CONNECTIVITY 37
4.5 MICROGRID MARKET, BY REGION 38

5 MARKET OVERVIEW 39
5.1 INTRODUCTION 39
5.2 MARKET DYNAMICS 39
5.2.1 DRIVERS 40
5.2.1.1 Rising global demand for clean energy 40
5.2.1.2 Increasing instances of cyberattacks on energy infrastructures 40
5.2.1.3 Rising requirement of reliable and secure global power supply 40
5.2.1.4 Increasing adoption of microgrids for rural electrification 41
5.2.2 RESTRAINTS 42
5.2.2.1 High installation costs of microgrids 42
5.2.3 OPPORTUNITIES 42
5.2.3.1 Expansion of renewable energy capacity of countries of APAC 42
5.2.3.2 Government initiatives to encourage development of microgrids 42
5.2.3.3 Increased demand for microgrids from different verticals 43
5.2.4 CHALLENGES 43
5.2.4.1 Technical issues faced during operation of island mode microgrids 43
5.2.4.2 Lack of regulatory frameworks related to operations of microgrids 43
5.3 VALUE CHAIN ANALYSIS 45
5.3.1 PLANNING/RESEARCH AND DEVELOPMENT (R&D) 45
5.3.2 COMPONENT PROVIDERS AND SYSTEM INTEGRATORS 45
5.3.3 MARKETING 46
5.3.4 PROJECT DEVELOPMENT AND CONSTRUCTION 46
5.3.5 PROJECT FINANCING 46
5.3.6 END USERS 46
5.3.7 AFTER-SALES SERVICES 46

6 MICROGRID MARKET, BY CONNECTIVITY 47
6.1 INTRODUCTION 48
6.2 OFF-GRID CONNECTED 48
6.2.1 AMERICAS HELD LARGEST SIZE OF OFF-GRID CONNECTED MARKET IN 2019 48
6.3 GRID CONNECTED 49
6.3.1 GRID CONNECTED SEGMENT ACCOUNTED FOR LARGEST SIZE OF MICROGRID MARKET IN 2019 49

7 TYPES OF MICROGRIDS 51
7.1 INTRODUCTION 51
7.2 AC MICROGRIDS 51
7.2.1 AC MICROGRIDS ELIMINATE REQUIREMENT OF INVERTERS TO SUPPLY POWER TO AC LOADS 51
7.3 DC MICROGRIDS 51
7.3.1 DC MICROGRIDS OFFER HIGH EFFICIENCY, RELIABILITY, AND STABILITY 51
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7.4 HYBRID 52
7.4.1 HYBRID MICROGRIDS USE DIFFERENT SOURCES FOR POWER GENERATION 52

8 PATTERNS OF MICROGRIDS 53
8.1 INTRODUCTION 53
8.2 URBAN/METROPOLITAN 53
8.2.1 DEVELOPMENT OF MICROGRIDS IN URBAN AREAS TO ENSURE UNINTERRUPTED POWER SUPPLY LEADING TO GROWTH OF MICROGRID MARKET 53
8.3 SEMIURBAN 54
8.3.1 MASSIVE ELECTRIFICATION PLANS UNDERTAKEN BY GOVERNMENTS OF DIFFERENT COUNTRIES TO DEVELOP MICROGRIDS FOR SEMIURBAN AREAS 54
8.4 RURAL/ISLAND 54
8.4.1 LARGE NUMBER OF ELECTRIFICATION PROJECTS BEING CARRIED OUT IN RURAL AREAS/ISLANDS LEADING TO GROWTH OF MICROGRID MARKET 54

9 MICROGRID MARKET, BY OFFERING 55
9.1 INTRODUCTION 56
9.2 HARDWARE 56
9.2.1 POWER GENERATORS 57
9.2.1.1 Power generators segment to account for largest size of microgrid hardware market from 2020 to 2025 57
9.2.2 ENERGY STORAGE SYSTEMS 58
9.2.2.1 Use of energy storage systems as primary component in microgrids 58
9.2.3 CONTROLLERS 59
9.2.3.1 Controllers monitor and optimally carry out different functions of microgrids to manage them 59
9.3 SOFTWARE & SERVICES 60
9.3.1 SOFTWARE & SERVICES SEGMENT OF MICROGRID MARKET PROJECTED TO GROW AT HIGH CAGR FROM 2020 TO 2025 60

10 MICROGRID MARKET, BY END USE 62
10.1 INTRODUCTION 63
10.2 COMMERCIAL & INDUSTRIAL 63
10.2.1 COMMERCIAL & INDUSTRIAL SEGMENT OF MICROGRID MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 63
10.3 REMOTE 64
10.3.1 MICROGRID MARKET IN APAC FOR REMOTE TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 64
10.4 INSTITUTES & CAMPUSES 65
10.4.1 INCREASED ADOPTION OF MICROGRIDS IN INSTITUTES & CAMPUSES TO ENSURE IMPROVED QUALITY AND UNINTERRUPTED POWER SUPPLY 65
10.5 GOVERNMENT 66
10.5.1 DECLINE IN PRICES OF ELECTRICITY GENERATED FROM RENEWABLE SOURCES OF ENERGY LEADING TO ADOPTION OF MICROGRIDS IN GOVERNMENT SECTOR 66
10.6 UTILITIES 67
10.6.1 MICROGRIDS ENABLE UTILITIES TO INCREASE THEIR ENERGY RESILIENCE 67
10.7 MILITARY 68
10.7.1 MILITARY ESTABLISHMENTS USE MICROGRIDS FOR ENERGY RESILIENCY 68
10.8 HEALTHCARE 69
10.8.1 RISE IN ADOPTION OF MICROGRIDS IN HOSPITALS TO PREVENT POWER OUTAGES IN THEM 69

11 GEOGRAPHIC ANALYSIS 71
11.1 INTRODUCTION 72
11.2 AMERICAS 73
11.2.1 NORTH AMERICA 75
11.2.1.1 US 77
11.2.1.1.1 US to dominate microgrid market in North America from 2020 to 2025 77
11.2.1.2 Rest of North America 78
11.2.2 SOUTH AMERICA 79
11.2.2.1 Brazil 81
11.2.2.1.1 Brazil to dominate microgrid market in South America from 2020 to 2025 81
11.2.2.2 Rest of South America 81
11.3 EUROPE 82
11.3.1 UK 85
11.3.1.1 Rise in use of microgrids in UK to reduce waste heat generated by traditional systems 85
11.3.2 GERMANY 86
11.3.2.1 Germany is key consumer of microgrids in Europe 86
11.3.3 FRANCE 86
11.3.3.1 Increase in government investments to promote adoption of microgrids in France 86
11.3.4 REST OF EUROPE 87
11.4 APAC 88
11.4.1 AUSTRALIA 90
11.4.1.1 Australia to lead microgrid market in APAC from 2020 to 2025 90
11.4.2 CHINA 91
11.4.2.1 Rise in adoption of microgrids in China to ensure energy security 91
11.4.3 JAPAN 92
11.4.3.1 Increased investments to ensure energy security contributing to growth of microgrid market in Japan 92
11.4.4 REST OF APAC 92
11.5 ROW 93
11.5.1 MIDDLE EAST 95
11.5.1.1 Growth of healthcare sector and rise in demand for reliable power supply contribute to growth of microgrid market in Middle East 95
11.5.2 AFRICA 96
11.5.2.1 Africa to account for large share of microgrid market in ROW from 2020 to 2025 96

12 COMPETITIVE LANDSCAPE 99
12.1 OVERVIEW 99
12.2 RANKING ANALYSIS OF KEY PLAYERS IN MICROGRID MARKET 101
12.3 COMPETITIVE SITUATIONS AND TRENDS 102
12.3.1 PRODUCT LAUNCHES/DEVELOPMENTS 102
12.3.2 AGREEMENTS 103
12.3.3 COLLABORATIONS 103
12.3.4 CONTRACTS 104
12.3.5 EXPANSIONS 104
12.3.6 PARTNERSHIPS 105
12.3.7 ACQUISITIONS 105
12.4 COMPETITIVE LEADERSHIP MAPPING, 2019 106
12.4.1 VISIONARY LEADERS 106
12.4.2 DYNAMIC DIFFERENTIATORS 106
12.4.3 INNOVATORS 106
12.4.4 EMERGING COMPANIES 106
13 COMPANY PROFILE 108
(Business Overview, Products/Software/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.1 KEY PLAYERS 108
13.1.1 ABB 108
13.1.2 GENERAL ELECTRIC (GE) 111
13.1.3 SIEMENS 115
13.1.4 EATON 118
13.1.5 SCHNEIDER ELECTRIC 121
13.1.6 HONEYWELL 124
13.1.7 HOMER ENERGY 126
13.1.8 S&C ELECTRIC 127
13.1.9 POWER ANALYTICS 128
13.1.10 EXELON CORPORATION 130
13.2 RIGHT TO WIN 131
13.3 OTHER IMPORTANT PLAYERS 132
13.3.1 PARETO ENERGY 132
13.3.2 ANBARIC TRANSMISSION 132
13.3.3 TESLA 133
13.3.4 SPIRAE 133
13.3.5 GENERAL MICROGRIDS 134
13.3.6 GRAM POWER 134
13.3.7 POWERHIVE 135
13.3.8 ADVANCED MICROGRID SOLUTIONS (AMS) 135
13.3.9 GO ELECTRIC 136
13.3.10 DAJIE 136
*Details on Business Overview, Products/Software/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14 APPENDIX 137
14.1 INSIGHTS FROM INDUSTRY EXPERTS 137
14.2 DISCUSSION GUIDE 138
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 141
14.4 AVAILABLE CUSTOMIZATIONS 143
14.5 RELATED REPORTS 143
14.6 AUTHOR DETAILS 144