Microgrid Market Analysis By Power Source (Natural Gas, Combined Heat & Power (CHP), Solar PV, Diesel, Fuel Cell), By Product (Remote, Grid Connected, Hybrid), By Application, And Segment Forecasts, 2014 - 2025

Published: Aug, 2017 | Pages: 150 | Publisher: Grand View Research
Industry: Energy | Report Format: Electronic (PDF)

The global microgrid market is expected to reach USD 17.51 billion by 2025,growing at a CAGR of 17.0%, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution system as it acts a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

Rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Further key findings from the report suggest :

• The global microgrid demand was stood at 1.48 GW in 2016 and is projected to reach 6.54 GW by the end of 2025, expanding at a CAGR of 16.3% from 2017 to 2025.

• Remote microgrid market demand was 568.2 MW in 2016. The segment is expected to foresee tremendous gains owing to the upcoming installation of new projects in Arctic circle, Russia

• Natural gas is expected to witness revenue growth at a CAGR of 18.1% from 2017 to 2025. The governments of Russia and Syria signed Russia-Syria Offshore Gas Deal which is aimed for exploration and production of natural gas in Syrian Coast. The abovementioned favorable trends in natural gas industry of Russia is expected to open new markets.

• Utility is projected to account for 9.6% of global volume share by the end of 2025 as a result of increasing power demand amid the inclusion of new HVAC and heavy load machinery in manufacturing sector

• North America is expected to account for 71.4% of global revenue by the end of 2025. The increasing number of new solar PV microgrids for utility in Northeast and West regions of the U.S. is expected to have a positive impact.

• Key vendors include Siemens AG, Exelon, GE, Lockheed Martin Corporation, Lockheed Martin Corporation, ABB Group, Power Analytics, Toshiba Corporation, Honeywell International Inc, ZBB Energy Corporation, Echelon Corporation and Schneider Electric. In November 2016, Exelon launched five new microgrids at USD 250 million through the assistance with Anarbic. This launch is anticipated to play a crucial role in increasing the market share of Exelon in global industry over the next eight years.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Research Methodology
                  1.2. Research Scope & Assumptions
                  1.3. List of Data Sources
                  1.4. List of Abbreviations
Chapter 2. Executive Summary
                  2.1. Market Snapshot
Chapter 3. Microgrid Market Variables, Trends & Scope
                  3.1. Market segmentation & scope
                  3.2. Penetration & growth prospect mapping
                  3.3. Value chain analysis
                  3.4. Raw material outlook
                  3.5. Regulatory framework
                  3.6. Market dynamics
                       3.6.1. Market driver analysis 
                       3.6.2. Market restraints analysis
                  3.7. Porter's analysis
                  3.8. PESTEL analysis
Chapter 4. Microgrid Market: Power Source Estimates & Trend Analysis
                  4.1. Power source movement analysis & market share, 2016 & 2025
                  4.2. Natural Gas
                       4.2.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       4.2.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  4.3. CHP
                       4.3.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       4.3.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  4.4. Solar PV
                       4.4.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       4.4.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  4.5. Diesel
                       4.5.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       4.5.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  4.6. Fuel Cell
                       4.6.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       4.6.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  4.7. Others
                       4.7.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       4.7.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
Chapter 5. Microgrid Market: Product Estimates & Trend Analysis
                  5.1. Product movement analysis & market share, 2016 & 2025
                  5.2. Remote
                       5.2.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       5.2.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  5.3. Grid Connected
                       5.3.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       5.3.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  5.4. Hybrid
                       5.4.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       5.4.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
Chapter 6. Microgrid Market: Application Estimates & Trend Analysis
                  6.1. Application movement analysis & market share, 2016 & 2025
                  6.2. Government
                       6.2.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       6.2.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  6.3. Education
                       6.3.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       6.3.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  6.4. Commercial
                       6.4.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       6.4.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  6.5. Utility
                       6.5.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       6.5.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  6.6. Defense
                       6.6.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       6.6.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
                  6.7. Others
                       6.7.1. Market estimates and forecasts, 2014 - 2025 (MW) (USD Million)
                       6.7.2. Market estimates and forecasts, by region, 2014 - 2025 (MW) (USD Million)
Chapter 7. Functional Proteins Market: Regional Estimates & Trend Analysis
                  7.1. Regional Movement Analysis & Market Share, 2016 & 2025
                  7.2. North America
                       7.2.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                       7.2.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                       7.2.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                       7.2.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                       7.2.5. U.S.
                            7.2.5.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                            7.2.5.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                            7.2.5.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                            7.2.5.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                  7.3. Europe
                       7.3.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                       7.3.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                       7.3.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                       7.3.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                       7.3.5. Germany
                            7.3.5.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                            7.3.5.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                            7.3.5.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                            7.3.5.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                  7.4. Asia Pacific
                       7.4.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                       7.4.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                       7.4.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                       7.4.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                       7.4.5. China
                            7.4.5.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                            7.4.5.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                            7.4.5.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                            7.4.5.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                       7.4.6. India
                            7.4.6.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                            7.4.6.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                            7.4.6.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                            7.4.6.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                  7.5. Central & South America
                       7.5.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                       7.5.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                       7.5.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                       7.5.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                       7.5.5. Brazil
                            7.5.5.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                            7.5.5.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                            7.5.5.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                            7.5.5.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
                  7.6. MEA
                       7.6.1. Market estimates and forecast, 2014 - 2025 (MW) (USD Million)
                       7.6.2. Market estimates and forecast, by power source, 2014 - 2025 (MW) (USD Million)
                       7.6.3. Market estimates and forecast, by product, 2014 - 2025 (MW) (USD Million)
                       7.6.4. Market estimates and forecast, by application, 2014 - 2025 (MW) (USD Million)
Chapter 8. Competitive Landscape
                  8.1. Company Market Share Analysis
                  8.2. Vendor Landscape
                  8.3. Competitive Environment
                  8.4. Company Market Positioning
                  8.5. Strategy Framework
Chapter 9. Company Profiles
                  9.1. ABB
                       9.1.1. Company Overview
                       9.1.2. Financial Performance
                       9.1.3. Product Benchmarking
                       9.1.4. Strategic Initiatives
                  9.2. Siemens AG
                       9.2.1. Company Overview
                       9.2.2. Financial Performance
                       9.2.3. Product Benchmarking
                       9.2.4. Strategic Initiatives
                  9.3. General Electric
                       9.3.1. Company Overview
                       9.3.2. Financial Performance
                       9.3.3. Product Benchmarking
                       9.3.4. Strategic Initiatives
                  9.4. Eaton Corporation
                       9.4.1. Company Overview
                       9.4.2. Financial Performance
                       9.4.3. Product Benchmarking
                       9.4.4. Strategic Initiatives
                  9.5. Exelon
                       9.5.1. Company Overview
                       9.5.2. Financial Performance
                       9.5.3. Product Benchmarking
                       9.5.4. Strategic Initiatives
                  9.6. Honeywell International
                       9.6.1. Company Overview
                       9.6.2. Financial Performance
                       9.6.3. Product Benchmarking
                       9.6.4. Strategic Initiatives
                  9.7. NRG International
                       9.7.1. Company Overview
                       9.7.2. Financial Performance
                       9.7.3. Product Benchmarking
                       9.7.4. Strategic Initiatives
                  9.8. Anarbic
                       9.8.1. Company Overview
                       9.8.2. Financial Performance
                       9.8.3. Product Benchmarking
                       9.8.4. Strategic Initiatives
                  9.9. Pareto
                       9.9.1. Company Overview
                       9.9.2. Financial Performance
                       9.9.3. Product Benchmarking
                       9.9.4. Strategic Initiatives
                  9.10. Spirae
                       9.10.1. Company Overview
                       9.10.2. Financial Performance
                       9.10.3. Product Benchmarking
                       9.10.4. Strategic Initiatives
                  9.11. Northern Power
                       9.11.1. Company Overview
                       9.11.2. Financial Performance
                       9.11.3. Product Benchmarking
                       9.11.4. Strategic Initiatives
                  9.12. Viridity
                       9.12.1. Company Overview
                       9.12.2. Financial Performance
                       9.12.3. Product Benchmarking
                       9.12.4. Strategic Initiatives

List of Tables

1. Microgrid- Key market driver analysis
2. Microgrid- Key market restraint analysis
3. Global microgrid market estimates and forecast from natural gas, 2014 - 2025 (MW) (USD Million)
4. Global microgrid market volume from natural gas, by region, 2014 - 2025 (MW)
5. Global microgrid market revenue from natural gas, by region, 2014 - 2025 (USD Million)
6. Global microgrid market estimates and forecast from CHP, 2014 - 2025 (MW) (USD Million)
7. Global microgrid market volume from CHP, by region, 2014 - 2025 (MW)
8. Global microgrid market revenue from CHP, by region, 2014 - 2025 (USD Million)
9. Global microgrid market estimates and forecast from solar PV, 2014 - 2025 (MW) (USD Million)
10. Global microgrid market volume from solar PV, by region, 2014 - 2025 (MW)
11. Global microgrid market revenue from solar PV, by region, 2014 - 2025 (USD Million)
12. Global microgrid market estimates and forecast from diesel, 2014 - 2025 (MW) (USD Million)
13. Global microgrid market volume from diesel, by region, 2014 - 2025 (MW)
14. Global microgrid market revenue from diesel, by region, 2014 - 2025 (USD Million)
15. Global microgrid market estimates and forecast from fuel cell, 2014 - 2025 (MW) (USD Million)
16. Global microgrid market volume from fuel cell, by region, 2014 - 2025 (MW)
17. Global microgrid market revenue from fuel cell, by region, 2014 - 2025 (USD Million)
18. Global microgrid market estimates and forecast from other power sources, 2014 - 2025 (MW) (USD Million)
19. Global microgrid market volume from other power sources, by region, 2014 - 2025 (MW)
20. Global microgrid market revenue from other power sources, by region, 2014 - 2025 (USD Million)
21. Global microgrid market estimates and forecast from grid connected types, 2014 - 2025 (MW) (USD Million)
22. Global microgrid market volume from grid connected types, by region, 2014 - 2025 (MW)
23. Global microgrid market revenue from grid connected types, by region, 2014 - 2025 (USD Million)
24. Global remote microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
25. Global remote microgrid market volume, by region, 2014 - 2025 (MW)
26. Global remote microgrid market revenue, by region, 2014 - 2025 (USD Million)
27. Global hybrid microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
28. Global hybrid microgrid market volume, by region, 2014 - 2025 (MW)
29. Global hybrid microgrid market revenue, by region, 2014 - 2025 (USD Million)
30. Global microgrid market demand in government, 2014 - 2025 (MW) (USD Million)
31. Global microgrid market volume in government, by region, 2014 - 2025 (MW)
32. Global microgrid market revenue in government, by region, 2014 - 2025 (USD Million)
33. Global microgrid market demand in education, 2014 - 2025 (MW) (USD Million)
34. Global microgrid market volume in education, by region, 2014 - 2025 (MW)
35. Global microgrid market revenue in education, by region, 2014 - 2025 (USD Million)
36. Global microgrid market demand in commercial, 2014 - 2025 (MW) (USD Million)
37. Global microgrid market volume in commercial, by region, 2014 - 2025 (MW)
38. Global microgrid market revenue in commercial, by region, 2014 - 2025 (USD Million)
39. Global microgrid market demand in utility, 2014 - 2025 (MW) (USD Million)
40. Global microgrid market volume in utility, by region, 2014 - 2025 (MW)
41. Global microgrid market revenue in utility, by region, 2014 - 2025 (USD Million)
42. Global microgrid market demand in defense, 2014 - 2025 (MW) (USD Million)
43. Global microgrid market volume in defense, by region, 2014 - 2025 (MW)
44. Global microgrid market revenue in defense, by region, 2014 - 2025 (USD Million)
45. Global microgrid market demand in other applications, 2014 - 2025 (MW) (USD Million)
46. Global microgrid market volume in other applications, by region, 2014 - 2025 (MW)
47. Global microgrid market revenue in other applications, by region, 2014 - 2025 (USD Million)
48. North America microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
49. North America microgrid market volume, by power source, 2014 - 2025 (MW)
50. North America microgrid market revenue, by power source, 2014 - 2025 (USD Million)
51. North America microgrid market volume, by product, 2014 - 2025 (MW)
52. North America microgrid market revenue, by product, 2014 - 2025 (USD Million)
53. North America microgrid market volume, by application, 2014 - 2025 (MW)
54. North America microgrid market revenue, by application, 2014 - 2025 (USD Million)
55. U.S. microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
56. U.S. microgrid market volume, by power source, 2014 - 2025 (MW)
57. U.S. microgrid market revenue, by power source, 2014 - 2025 (USD Million)
58. U.S. microgrid market volume, by product, 2014 - 2025 (MW)
59. U.S. microgrid market revenue, by product, 2014 - 2025 (USD Million)
60. U.S. microgrid market volume, by application, 2014 - 2025 (MW)
61. U.S. microgrid market revenue, by application, 2014 - 2025 (USD Million)
62. Europe microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
63. Europe microgrid market volume, by power source, 2014 - 2025 (MW)
64. Europe microgrid market revenue, by power source, 2014 - 2025 (USD Million)
65. Europe microgrid market volume, by product, 2014 - 2025 (MW)
66. Europe microgrid market revenue, by product, 2014 - 2025 (USD Million)
67. Europe microgrid market volume, by application, 2014 - 2025 (MW)
68. Europe microgrid market revenue, by application, 2014 - 2025 (USD Million)
69. Germany microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
70. Germany microgrid market volume, by product, 2014 - 2025 (MW)
71. Germany microgrid market revenue, by product, 2014 - 2025 (USD Million)
72. Germany microgrid market volume, by power source, 2014 - 2025 (MW)
73. Germany microgrid market revenue, by power source, 2014 - 2025 (USD Million)
74. Germany microgrid market volume, by application, 2014 - 2025 (MW)
75. Germany microgrid market revenue, by application, 2014 - 2025 (USD Million)
76. UK microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
77. UK microgrid market volume, by product, 2014 - 2025 (MW)
78. UK microgrid market revenue, by product, 2014 - 2025 (USD Million)
79. UK microgrid market volume, by power source, 2014 - 2025 (MW)
80. UK microgrid market revenue, by power source, 2014 - 2025 (USD Million)
81. UK microgrid market volume, by application, 2014 - 2025 (MW)
82. UK microgrid market revenue, by application, 2014 - 2025 (USD Million)
83. Asia Pacific microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
84. Asia Pacific microgrid market volume, by product, 2014 - 2025 (MW)
85. Asia Pacific microgrid market revenue, by product, 2014 - 2025 (USD Million)
86. Asia Pacific microgrid market volume, by power source, 2014 - 2025 (MW)
87. Asia Pacific microgrid market revenue, by power source, 2014 - 2025 (USD Million)
88. Asia Pacific microgrid market volume, by application, 2014 - 2025 (MW)
89. Asia Pacific microgrid market revenue, by application, 2014 - 2025 (USD Million)
90. China microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
91. China microgrid market volume, by product, 2014 - 2025 (MW)
92. China microgrid market revenue, by product, 2014 - 2025 (USD Million)
93. China microgrid market volume, by power source, 2014 - 2025 (MW)
94. China microgrid market revenue, by power source, 2014 - 2025 (USD Million)
95. China microgrid market volume, by application, 2014 - 2025 (MW)
96. China microgrid market revenue, by application, 2014 - 2025 (USD Million)
97. India microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
98. India microgrid market volume, by product, 2014 - 2025 (MW)
99. India microgrid market revenue, by product, 2014 - 2025 (USD Million)
100. India microgrid market volume, by power source, 2014 - 2025 (MW)
101. India microgrid market revenue, by power source, 2014 - 2025 (USD Million)
102. India microgrid market volume, by application, 2014 - 2025 (MW)
103. India microgrid market revenue, by application, 2014 - 2025 (USD Million)
104. Central & South America microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
105. Central & South America microgrid market volume, by product, 2014 - 2025 (MW)
106. Central & South America microgrid market revenue, by product, 2014 - 2025 (USD Million)
107. Central & South America microgrid market volume, by power source, 2014 - 2025 (MW)
108. Central & South America microgrid market revenue, by power source, 2014 - 2025 (USD Million)
109. Central & South America microgrid market volume, by application, 2014 - 2025 (MW)
110. Central & South America microgrid market revenue, by application, 2014 - 2025 (USD Million)
111. Brazil microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
112. Brazil microgrid market volume, by product, 2014 - 2025 (MW)
113. Brazil microgrid market revenue, by product, 2014 - 2025 (USD Million)
114. Brazil microgrid market volume, by power source, 2014 - 2025 (MW)
115. Brazil microgrid market revenue, by power source, 2014 - 2025 (USD Million)
116. Brazil microgrid market volume, by application, 2014 - 2025 (MW)
117. Brazil microgrid market revenue, by application, 2014 - 2025 (USD Million)
118. MEA microgrid market estimates and forecast, 2014 - 2025 (MW) (USD Million)
119. MEA microgrid market volume, by product, 2014 - 2025 (MW)
120. MEA microgrid market revenue, by product, 2014 - 2025 (USD Million)
121. MEA microgrid market volume, by power source, 2014 - 2025 (MW)
122. MEA microgrid market revenue, by power source, 2014 - 2025 (USD Million)
123. MEA microgrid market volume, by application, 2014 - 2025 (MW)
124. MEA microgrid market revenue, by application, 2014 - 2025 (USD Million)
125. Global microgrid market-vendor landscape