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 sales@transparencymarketresearch.com 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) 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The global microgrid market stood at US$9.8 bn in 2013 and is expected to reach US$35.1 bn by 2020. It is expected to expand at a whopping CAGR of 20.70 % between 2014 and 2020. In-depth research report on Microgrid Market with Full TOC at : http://www.transparencymarketresearch.com/microgrids-market.html As per the report, the global microgrid market is fuelled by the economic development and the rapid industrialization witnessed globally. In addition, the technical, direct and indirect economic, social, and environmental advantages related to the usage of microgrids will further stimulate the market. The factors such as the growing demand for energy and the development in the technologies of renewable energy have also impacted the market positively. On the other hand, the factors such as the absence of an adequate regulatory framework and the increasing cost of development along with operational challenges are amongst the chief factors that may pose a negative impact on the growth of the market for microgrids.
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