Global Microgrid Market Analysis, 2020

Global Microgrid Market Analysis, 2020

By Connectivity (Grid Connected, Off-Grid Connected), By Offering (Hardware (Power Generators, Switch Gear, Smart Meter, Power Inverter, Others (Controller, etc.), Software, Services (Engineering and Read more

  • Energy
  • Apr 2020
  • 232
  • EN33007

The Global Microgrid Market Analysis, 2020 market research report depicts a deep-dive market analysis of statistics of Global Microgrid market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Report Coverage Details
Study Period   Historical Data: 2015-19
  Base Year: 2019
  Forecast Period: 2020-25
Regions Covered   North America
  Europe
  Asia-Pacific
  South America
  Middle East & Africa
Unit Denominations   USD Million/Billion

Some of the key factors associated with the growth of the microgrid market are the escalating demand for reliable and secure power supply across the globe and the advanced deployment of microgrids of rural electrification. Another reason for the market growth of microgrids is the surging demand for clean energy and proliferation in government initiatives for the development of microgrids.

COVID-19 Impact: COVID-19 pandemic is expected to further slow down the processes of project acquisition, procurement, and allotment. Therefore, the growth is expected to be less during 2020-21. The investments in this regard are expected to pick up post 2021 due to rapid business easing during that period.

According to MarkNtel Advisors’ research report titled “Global Microgrid Market Analysis, 2020”, the Global Microgrid market is anticipated to grow at a CAGR of less than 12% during 2020-25. However, rising cyberattacks on the energy infrastructure are largely hindering the market growth.


 
 

Power Generator Segment Remained the Dominant Segment 

For reducing the electricity costs, less emission of carbon, and improved reliability are contributing to the growth of the power generator segment. The segment held the highest market share in 2019. End users, in order to achieve energy efficiency goals, primarily opt for power generators. Energy distribution through microgrids includes renewable energy such as solar energy, wind turbines, and hydro turbines. Therefore, the segment is expected to witness propelled growth during the forecast period. 

Natural Gas-Based Microgrids Gaining Traction

Based on the source segmentation, the natural gas segment is gaining popularity owing to the augmenting need for power generation globally. Moreover, the integration toward sustainable and efficient power supply would escalate the Global Microgrid market growth till 2025. Furthermore, the expansion of shale gas production and stiff competition from the US for shale are catalyzing factors in a growth in the demand for microgrids in the coming years as stated in the MarkNtel Advisors’ research report “Global Microgrid Market Analysis, 2020”.  

According to MarkNtel Advisors, ABB, General Electric (GE), Siemens, Eaton, Schneider Electric, Honeywell, HOMER Energy, S&C Electric, Power Analytics, and Exelon Corporation are few of the leading players in the Global Microgrid Market.


Key Questions Answered in the Market Research Report 

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Microgrid Market?
  2. What are the region-wise industry size, growth drivers and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Microgrid Market?  
  4. Who are the key competitors or market players and how they perform in the Global Microgrid Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Microgrid Market study?   

Market Outlook, Segmentation, and Statistics

  • Market Size & Analysis
    • By Revenues
  • Market Share & Analysis
    • By Connectivity
      • Grid Connected
      • Off-Grid
    • By Grid Type
      • AC Microgrid
      • DC Microgrid
      • Hybrid
    • By Source
      • Diesel Generators
      • Natural Gas
      • Solar PV
      • CHP
      • Others
    • By Storage
      • Lithium-Ion
      • Lead Acid
      • Flow Batteries
      • Flywheel
      • Others
    • By Offering
      • Hardware
      • Power Generators
      • Energy Storage Systems
      • Controllers
      • Software & Services
    • By Application
      • Healthcare
      • Educational Institutes
      • Military
      • Utility
      • Industrial/Commercial
      • Remote
      • Others 
    • By Region
      • North America
        • US
        • Canada
        • Mexico
      • South America
        • Brazil
        • Argentina
      • Europe
        • UK
        • Germany
        • France
        • Italy
        • Spain
      • Asia-Pacific
        • China
        • India
        • Japan
        • Australia
        • South Korea
      • Middle East & Africa
        • UAE
        • Saudi Arabia
    • By Company
      • Revenue Shares
      • Strategic Factorial Indexing
      • Competitor Placement in Markntel Quadrant
  • North America Microgrid Market Outlook, 2015-2025F (USD Million)
  • South America Microgrid Market Outlook, 2015-2025F (USD Million)
  • Europe Microgrid Market Outlook, 2015-2025F (USD Million)
  • The Middle East & Africa Microgrid Market Outlook, 2015-2025F (USD Million)
  • Asia-Pacific Microgrid Market Outlook, 2015-2025F (USD Million)
  • Global Microgrid Market Policies, Regulations, Product Standard
  • Global Microgrid Market Intellectual Property Rights Analysis
  • Global Microgrid Market Hotspots & Opportunities
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions 

Q. What is the historical year, base year and forecast year considered in the research report on Global Microgrid Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.

Q. What would be the growth rate or CAGR of the Global Microgrid Market during 2020-25?
A. The growth rate of the Global Microgrid Market during 2020-25 is forecast to be around 12%.

Q. Who are the key competitors or players operating in the Global Microgrid Market? 
A. ABB, General Electric (GE), Siemens, Eaton, Schneider Electric, Honeywell, HOMER Energy, S&C Electric, Power Analytics, Exelon Corporation are few of the leading players in the Global Microgrid Market are few of the leading players in the Global Microgrid Market.

Q. Which source segment would emerge as an opportunity area for players in Global Microgrid Market?
A. The diesel generators segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.

Q. Which region would emerge as an opportunity area for players in Global Microgrid Market?
A. North America region grabbed a significant market share continues to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of the Global Microgrid Market.

  1. Introduction
    1. Market Segmentation
    2. Product Definition
    3. Research Process
    4. Assumptions
  2. Executive Summary
  3. Case Study
  4. Expert Verbatim- What our Experts Say?
  5. Global Microgrid Market Analysis, 2015-2025F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Connectivity
        1. Grid Connected
        2. Off-Grid Connected
      2. By Offering
        1. Hardware
          1. Power Generators
          2. Switch Gear
          3. Smart Meter
          4. Power Inverter
          5. Others (Controller, etc.)
        2. Software
        3. Services
          1. Engineering and Design
          2. Monitoring and Control
          3. Operations and Maintenance
      3. By Grid Type
        1. AC
        2. DC
        3. Hybrid
      4. By Power Source
        1. Diesel
        2. Natural gas
        3. Solar PV
        4. Fuel Cell
        5. Micro Turbines
        6. Wind
        7. Other Renewables
        8. Other Non-Renewables
      5. By Storage Device
        1. Lithium-ion
        2. Lead acid
        3. Flow battery
        4. Flywheels
        5. Others (Sodium Sulphur, etc.)
      6. By Installation Size
        1. Less than <50 kW
        2. 50kW to 500 kW
        3. 501kW to 1MW
        4. 1.1MW to 5MW
        5. Above 5MW
      7. By End User
        1. Commercial & Industrial
        2. Government
        3. Utilities
        4. Education Institutes
        5. Military & Defense
        6. Healthcare
        7. Others (Airport, etc.)
      8. By Region
        1. North America
        2. South America
        3. Asia-Pacific
        4. Europe
        5. Middle East & Africa
      9. By Company
        1. Market Shares, By Revenue
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
    3. Market Attractiveness Index
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Region
  6. North America Microgrid Market Analysis, 2015-2025F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
        1. The US
        2. Canada
        3. Mexico
    3. Market Attractiveness Index
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
    4. The US Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    5. Canada Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    6. Mexico Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
  7. South America Microgrid Market Analysis, 2015-2025F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Peru
        5. Columbia
        6. Others
    3. Market Attractiveness Index
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
    4. Brazil Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    5. Argentina Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    6. Chile Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    7. Peru Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    8. Columbia Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
  8. Asia-Pacific Microgrid Market Analysis, 2015-2025F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
        1. China
        2. Japan
        3. Australia
        4. South Korea
        5. India
        6. Indonesia
        7. Others
    3. Market Attractiveness Index
      1. By Connectivity
      2. By Offering
      3. By Power Source
      4. By Storage Device
      5. By Pattern
      6. By Installation Size
      7. By End User
      8. By Country
    4. China Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    5. Japan Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    6. Australia Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    7. South Korea Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    8. India Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    9. Indonesia Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
  9. Europe Microgrid Market Analysis, 2015-2025F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
        1. Germany
        2. The UK
        3. France
        4. Sweden
        5. Russia
        6. Spain
        7. Italy
        8. The Netherlands
        9. Denmark
        10. Others
    3. Market Attractiveness Index
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
    4. Germany Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    5. The UK Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    6. France Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    7. Sweden Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    8. Russia Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    9. Spain Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    10. Italy Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    11. The Netherlands Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    12. Denmark Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
  10. Middle East & Africa Microgrid Market Analysis, 2015-2025F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Israel
        5. Iran
        6. Nigeria
        7. Others
    3. Market Attractiveness Index
      1. By Connectivity
      2. By Offering
      3. By Grid Type
      4. By Power Source
      5. By Storage Device
      6. By Installation Size
      7. By End User
      8. By Country
    4. Saudi Arabia Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    5. UAE Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    6. South Africa Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    7. Israel Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    8. Iran Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
    9. Nigeria Microgrid Market Analysis, 2015-2025F
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Grid Type
  11. Global Microgrid Market Policies, Regulations, Product Standards
  12. Global Microgrid Market: Value Chain Analysis
  13. Key Strategies Adopted by Suppliers to sell Microgrid Solutions
  14. Global Microgrid Market Trends & Insights
  15. Global Microgrid Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  16. Global Microgrid Market Hotspot & Opportunities
  17. Global Microgrid Market Key Strategic Imperatives for Success & Growth
  18. Competition Outlook
    1. Competition Matrix
      1. Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Competition Matrix, By Offering
    3. Company Profiles of top companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. ABB
      2. General Electric
      3. Eaton
      4. Siemens
      5. Caterpillar
      6. Schneider Electric
      7. Honeywell
      8. Homer Energy
      9. S&C Electric
      10. Power Analytics
      11. Encorp
      12. Emerson
      13. Toshiba
      14. Tesla
      15. Cummins
  19. Disclaimer
Global Microgrid Market Segmentation