List of Figures

FIGURE 1 MARKET SEGMENTATION 20
FIGURE 2 RESEARCH DESIGN 23
FIGURE 3 DATA TRIANGULATION 28
FIGURE 4 REMOTE/ISLAND TO DOMINATE MICROGRID MARKET BETWEEN 2018 AND 2023 31
FIGURE 5 MICROGRID MARKET FOR SOFTWARE TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 31
FIGURE 6 ENERGY STORAGE SYSTEM AND POWER GENERATOR TO DOMINATE MICROGRID MARKET BY HARDWARE BETWEEN 2018 AND 2023 32
FIGURE 7 MICROGRID MARKET FOR HEALTHCARE TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 33
FIGURE 8 AMERICAS HELD LARGEST SHARE OF MICROGRID MARKET IN 2017 33
FIGURE 9 INCREASING DEMAND FOR RELIABLE AND SECURE POWER SUPPLY WORLDWIDE DRIVING MICROGRID MARKET GROWTH 35
FIGURE 10 MICROGRID MARKET FOR REMOTE/ISLAND TO GROW AT HIGHER CAGR BETWEEN 2018 AND 2023 35
FIGURE 11 MICROGRID MARKET FOR SOFTWARE TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 36
FIGURE 12 MICROGRID MARKET FOR ENERGY STORAGE SYSTEM AND POWER GENERATOR TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 36
FIGURE 13 CHINA TO HOLD LARGEST SHARE OF MICROGRID MARKET IN APAC IN 2018 37
FIGURE 14 MICROGRID MARKET IN INDIA TO GROW AT HIGHEST CAGR BETWEEN
2018 AND 2023 38
FIGURE 15 MICROGRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 39
FIGURE 16 ABB PROJECT LIST: MICROGRIDS INSTALLED BETWEEN 2000 AND 2016 40
FIGURE 17 DECLINE IN LEVELIZED COST OF ELECTRICITY (LCOE) FOR WIND AND SOLAR PV DURING 2009–2014 43
FIGURE 18 RISE IN DEPLOYMENT OF MICROGRIDS OVER TIME 45
FIGURE 19 MICROGRID VALUE CHAIN: MAJOR VALUE ADDED DURING COMPONENT PROVIDERS AND SYSTEM INTEGRATORS PHASES 48
FIGURE 20 REMOTE/ISLAND TO DOMINATE MICROGRID MARKET BETWEEN 2018 AND 2023 53
FIGURE 21 GRID-CONNECTED MICROGRID MARKET FOR SMART METER TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 55
FIGURE 22 OTHERS TO DOMINATE GRID-CONNECTED MICROGRID MARKET FOR INDUSTRIAL VERTICAL BETWEEN 2018 AND 2023 57
FIGURE 23 REMOTE/ISLAND MODE OF OPERATION OF A MICROGRID 59
FIGURE 24 HARDWARE TO HOLD LARGEST SIZE OF REMOTE/ISLAND MICROGRID
MARKET BY 2023 59
FIGURE 25 REMOTE/ISLAND MICROGRID MARKET FOR POWER GENERATOR TO GROW AT HIGHER CAGR BETWEEN 2018 AND 2023 60
FIGURE 26 URBAN ELECTRIFICATION TO HOLD LARGER SIZE OF REMOTE/ISLAND MICROGRID MARKET FOR GOVERNMENT & UTILITIES VERTICAL BY 2023 62
FIGURE 27 MICROGRID MARKET FOR SOFTWARE TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 64
FIGURE 28 MICROGRID MARKET SEGMENTATION, BY HARDWARE 65
FIGURE 29 ENERGY STORAGE SYSTEM AND POWER GENERATOR TO DOMINATE MICROGRID MARKET BY HARDWARE BETWEEN 2018 AND 2023 66
FIGURE 30 REMOTE/ISLAND TO DOMINATE MICROGRID HARDWARE MARKET FOR SWITCHGEAR BETWEEN 2018 AND 2023 67
FIGURE 31 WORKING OF A FUEL CELL 72
FIGURE 32 MICROGRID WITH STORAGE 75
FIGURE 33 REMOTE/ISLAND TO DOMINATE MICROGRID SOFTWARE MARKET BETWEEN
2018 AND 2023 77
FIGURE 34 MICROGRID MARKET SEGMENTATION, BY SERVICE 78
FIGURE 35 DRIVERS OF MICROGRID MARKET IN URBAN/METROPOLITAN AREAS 81
FIGURE 36 BASIC MICROGRID SCHEMA IN RURAL AREAS 83
FIGURE 37 MICROGRID MARKET SEGMENTATION, BY VERTICAL 85
FIGURE 38 GOVERNMENT & UTILITIES TO HOLD LARGEST SIZE OF MICROGRID
MARKET BY 2023 86
FIGURE 39 MICROGRID MARKET SEGMENTATION, BY INDUSTRIAL VERTICAL 88
FIGURE 40 MICROGRID INDUSTRIAL MARKET FOR REMOTE/ISLAND TO GROW AT HIGHER CAGR BETWEEN 2018 AND 2023 88
FIGURE 41 OTHERS TO DOMINATE MICROGRID INDUSTRIAL MARKET BETWEEN
2018 AND 2023 90
FIGURE 42 AMERICAS TO DOMINATE MICROGRID MILITARY MARKET BETWEEN
2018 AND 2023 92
FIGURE 43 AMERICAS TO DOMINATE MICROGRID HEALTHCARE MARKET BETWEEN
2018 AND 2023 94
FIGURE 44 MICROGRID MARKET SEGMENTATION, BY GOVERNMENT & UTILITIES VERTICAL 95
FIGURE 45 REMOTE/ISLAND TO DOMINATE MICROGRID MARKET FOR OTHERS BETWEEN 2018 AND 2023 99
FIGURE 46 MICROGRID MARKET SEGMENTATION, BY REGION 102
FIGURE 47 MICROGRID MARKET TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD 102
FIGURE 48 AMERICAS TO HOLD LARGEST SIZE OF MICROGRID MARKET BY 2023 103
FIGURE 49 AMERICAS: MARKET SNAPSHOT 105
FIGURE 50 MICROGRID MARKET TO GROW AT HIGHER CAGR IN REST OF AMERICAS BETWEEN 2018 AND 2023 106
FIGURE 51 EUROPE: MARKET SNAPSHOT 112
FIGURE 52 EUROPEAN MICROGRID MARKET FOR HEALTHCARE TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 113
FIGURE 53 APAC: MARKET SNAPSHOT 117
FIGURE 54 MICROGRID MARKET IN APAC FOR GOVERNMENT & UTILITIES TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 118
FIGURE 55 MICROGRID MARKET IN ROW FOR HEALTHCARE TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 121
FIGURE 56 PRODUCT LAUNCHES AND DEVELOPMENTS – KEY STRATEGIES ADOPTED BY MAJOR PLAYERS BETWEEN 2014 AND 2018 124
FIGURE 57 MICROGRID MARKET EVALUATION 126
FIGURE 58 ABB: COMPANY SNAPSHOT 134
FIGURE 59 GENERAL ELECTRIC: COMPANY SNAPSHOT 138
FIGURE 60 EATON: COMPANY SNAPSHOT 142
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FIGURE 61 SIEMENS: COMPANY SNAPSHOT 145
FIGURE 62 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 148
FIGURE 63 HONEYWELL: COMPANY SNAPSHOT 151
FIGURE 64 EXELON CORPORATION: COMPANY SNAPSHOT 160

 

List of Tables

TABLE 1 UTILITY ELECTRICITY DISTRIBUTION INFRASTRUCTURE AGE IN NEW YORK (US) 41
TABLE 2 ESTIMATED COST OF A 2 MW MICROGRID 44
TABLE 3 TRENDS IN MICROGRID MARKET 50
TABLE 4 MICROGRID MARKET: REGULATORY LANDSCAPE 50
TABLE 5 MICROGRID MARKET, BY TYPE, 2015–2023 (USD BILLION) 53
TABLE 6 GRID-CONNECTED MICROGRID MARKET, BY OFFERING 2015–2023 (USD BILLION) 54
TABLE 7 GRID-CONNECTED MICROGRID MARKET, BY HARDWARE 2015–2023 (USD BILLION) 55
TABLE 8 GRID-CONNECTED MICROGRID MARKET FOR ENERGY STORAGE SYSTEM & POWER GENERATOR, BT TYPE, 2015–2023 (USD BILLION) 56
TABLE 9 GRID-CONNECTED MICROGRID MARKET FOR POWER GENERATOR, BY TYPE, 2015–2023 (USD BILLION) 56
TABLE 10 GRID-CONNECTED MICROGRID MARKET, BY VERTICAL, 2015–2023 (USD BILLION) 56
TABLE 11 GRID-CONNECTED MICROGRID MARKET FOR INDUSTRIAL VERTICAL BY TYPE, 2015–2023 (USD BILLION) 57
TABLE 12 GRID-CONNECTED MICROGRID MARKET FOR GOVERNMENT & UTILITIES VERTICAL, BY TYPE, 2015–2023 (USD BILLION) 58
TABLE 13 REMOTE/ISLAND MICROGRID MARKET, BY OFFERING, 2015–2023 (USD BILLION) 59
TABLE 14 REMOTE/ISLAND MICROGRID MARKET, BY HARDWARE 2015–2023 (USD BILLION) 60
TABLE 15 REMOTE/ISLAND MICROGRID MARKET FOR ENERGY STORAGE SYSTEM & POWER GENERATOR, BY TYPE, 2015–2023 (USD BILLION) 60
TABLE 16 REMOTE/ISLAND MICROGRID MARKET FOR POWER GENERATOR, BY TYPE 2015–2023 (USD BILLION) 61
TABLE 17 REMOTE/ISLAND MICROGRID MARKET, BY VERTICAL, 2015–2023 (USD BILLION) 61
TABLE 18 REMOTE/ISLAND MICROGRID MARKET FOR INDUSTRIAL VERTICAL, BY TYPE, 2015–2023 (USD BILLION) 61
TABLE 19 REMOTE/ISLAND MICROGRID MARKET FOR GOVERNMENT & UTILITIES VERTICAL, BY TYPE, 2015–2023 (USD BILLION) 62
TABLE 20 MICROGRID MARKET, BY OFFERING, 2015–2023 (USD BILLION) 65
TABLE 21 MICROGRID MARKET, BY HARDWARE, 2015–2023 (USD BILLION) 66
TABLE 22 MICROGRID HARDWARE MARKET, BY TYPE, 2015–2023 (USD BILLION) 67
TABLE 23 MICROGRID SWITCHGEAR MARKET, BY TYPE, 2015–2023 (USD BILLION) 68
TABLE 24 MICROGRID POWER INVERTER MARKET, BY TYPE, 2015–2023 (USD BILLION) 68
TABLE 25 MICROGRID SMART METER MARKET, BY TYPE, 2015–2023 (USD BILLION) 69
TABLE 26 MICROGRID RECIPROCATING ENGINE MARKET, BY TYPE 2015–2023 (USD BILLION) 69
TABLE 27 MICROGRID MARKET FOR POWER GENERATOR, BY TYPE 2015–2023 (USD BILLION) 70
TABLE 28 MICROGRID ENERGY STORAGE SYSTEM & POWER GENERATOR MARKET, BY TYPE, 2015–2023 (USD BILLION) 70
TABLE 29 MICROGRID POWER GENERATOR MARKET, BY TYPE, 2015–2023 (USD BILLION) 70
TABLE 30 PV MICROGRID CHALLENGES AND RECOMMENDATIONS 74
TABLE 31 MICROGRID ENERGY STORAGE SYSTEM MARKET, BY TYPE 2015–2023 (USD BILLION) 75
TABLE 32 MICROGRID SOFTWARE MARKET, BY TYPE, 2015–2023 (USD BILLION) 78
TABLE 33 MICROGRID SERVICE MARKET, BY TYPE, 2015–2023 (USD BILLION) 79
TABLE 34 MICROGRID MARKET, BY VERTICAL, 2015–2023 (USD BILLION) 86
TABLE 35 MICROGRID MARKET FOR EDUCATIONAL INSTITUTES, BY TYPE 2015–2023 (USD BILLION) 87
TABLE 36 MICROGRID MARKET FOR EDUCATIONAL INSTITUTES, BY REGION 2015–2023 (USD BILLION) 87
TABLE 37 MICROGRID INDUSTRIAL MARKET, BY TYPE, 2015–2023 (USD BILLION) 89
TABLE 38 MICROGRID INDUSTRIAL MARKET, BY REGION, 2015–2023 (USD BILLION) 89
TABLE 39 MICROGRID INDUSTRIAL MARKET, BY TYPE, 2015–2023 (USD BILLION) 90
TABLE 40 MICROGRID MILITARY MARKET, BY TYPE, 2015–2023 (USD BILLION) 92
TABLE 41 MICROGRID MILITARY MARKET, BY REGION, 2015–2023 (USD BILLION) 93
TABLE 42 MICROGRID HEALTHCARE MARKET, BY TYPE, 2015–2023 (USD BILLION) 94
TABLE 43 MICROGRID HEALTHCARE MARKET, BY REGION, 2015–2023 (USD BILLION) 94
TABLE 44 MICROGRID MARKET FOR GOVERNMENT & UTILITIES, BY TYPE 2015–2023 (USD BILLION) 95
TABLE 45 MICROGRID MARKET FOR GOVERNMENT & UTILITIES, BY REGION 2015–2023 (USD BILLION) 96
TABLE 46 MICROGRID MARKET FOR GOVERNMENT & UTILITIES, BY CONSUMPTION PATTERN, 2015–2023 (USD BILLION) 96
TABLE 47 MICROGRID MARKET FOR URBAN ELECTRIFICATION, BY TYPE 2015–2023 (USD BILLION) 97
TABLE 48 MICROGRID MARKET FOR URBAN ELECTRIFICATION, BY REGION 2015–2023 (USD BILLION) 97
TABLE 49 MICROGRID MARKET FOR RURAL ELECTRIFICATION, BY CONNECTIVITY 2015–2023 (USD BILLION) 98
TABLE 50 MICROGRID MARKET FOR RURAL ELECTRIFICATION, BY REGION 2015–2023 (USD BILLION) 98
TABLE 51 MICROGRID MARKET FOR OTHERS, BY TYPE, 2015–2023 (USD BILLION) 99
TABLE 52 MICROGRID MARKET FOR OTHERS, BY REGION, 2015–2023 (USD BILLION) 100
TABLE 53 MICROGRID MARKET, BY REGION, 2015–2023 (USD BILLION) 103
TABLE 54 MICROGRID MARKET, BY POWER CAPACITY, 2015–2023 (MEGAWATT) 103
TABLE 55 MICROGRID MARKET IN AMERICAS, BY VERTICAL, 2015–2023 (USD BILLION) 106
TABLE 56 MICROGRID MARKET IN AMERICAS, BY REGION, 2015–2023 (USD BILLION) 107
TABLE 57 MICROGRID PROJECTS IN NORTH AMERICA 108
TABLE 58 NORTH AMERICAN MICROGRID MARKET, BY OFFERING 2015–2023 (USD BILLION) 108
TABLE 59 NORTH AMERICAN MICROGRID MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 108
TABLE 60 REST OF AMERICAS MICROGRID MARKET, BY OFFERING 2015–2023 (USD BILLION) 110
TABLE 61 EUROPEAN MICROGRID MARKET, BY VERTICAL, 2015–2023 (USD BILLION) 113
TABLE 62 EUROPEAN MICROGRID MARKET, BY COUNTRY, 2015–2023 (USD BILLION) 114
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TABLE 63 MICROGRID MARKET IN APAC, BY VERTICAL, 2015–2023 (USD BILLION) 118
TABLE 64 MICROGRID MARKET IN APAC, BY COUNTRY, 2015–2023 (USD BILLION) 119
TABLE 65 MICROGRID MARKET IN ROW, BY VERTICAL, 2015–2023 (USD BILLION) 122
TABLE 66 MICROGRID MARKET IN ROW, BY REGION, 2015–2023 (USD BILLION) 122
TABLE 67 RANKING OF TOP 5 PLAYERS IN MICROGRID MARKET (2017) 125