1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends

Analysis of the Asia-Pacific Microgrid Market

  • September 2014
  • 125 pages
  • Frost & Sullivan
Report ID: 2370845

Summary

Table of Contents

Favorable Regulatory Environment and Rural Electrification Plans to Jump-start Market Growth

This research analyzes the Asia-Pacific microgrid market. The Asia-Pacific microgrid market is in its early stage with several pilot projects invested in by the electricity utilities in the region. The study covers market trends, regulatory policies, business models, value chain, revenue forecast, pricing trends, and business case studies of microgrid projects in the region. The base year of the study is 2013 and forecast period is 2014–2020. The market is driven by government subsidies, tax regulations, and rural electrification projects. Commercial microgrids are gaining significance in Japan, South Korea, and Australia. Grid connected microgrids in these countries are expected to become self-sufficient in the long run.

Key Findings
-The Asia-Pacific microgrid market revenue was estimated at $ million in 2013. This comprises the countries: Japan, South Korea, Indonesia, Malaysia, The Philippines, and Australia.
-The market comprises of generation components such as renewable energy (RE) power generation and diesel generator sets, energy storage systems (ESS) components, and microgrid components such as controllers, automation systems, power distribution and metering systems.
-Microgrids will solve the power blackout issues arising out of grid failures during natural disasters. The 2011 earthquake and the subsequent power crisis in Japan was an eye-opener for the utilities in the country to establish a strong and a resilient power infrastructure. The Japanese government actively promotes the installation of ESS and RE plants in the private sector.
-The Asia-Pacific microgrid market is forecast to grow at a staggering compound annual growth rate (CAGR) of % during 2013–2020. Off-grid rural electrification projects in Southeast Asia region gives a significant push to the market revenue. Besides, to promote adoption of microgrids in the private and commercial sector, feed in tariff (FiT) policies, renewable energy incentives, ESS subsidies, and microgrid funds will aid market growth.
-Microgrid test beds are analyzing the most feasible business model. Private model, community model, utility model, and Energy Service Company (ESCO) model are being followed in the region.
-A stable financing pattern is non-existent for private parties planning to invest in microgrids. For utility invested projects, external support is extended by Asian Development Bank, World Bank, German Federal Ministry for Economic Corporation and Development (BMZ), and the Netherlands Ministry for Development Cooperation (DGIS).
-More commercial microgrids with smart communication protocols will emerge that can interact with microgrids in the locality to share stored energy among themselves. The challenge in its path is to develop a proper metering and electricity pricing system. Smart grid technologies are so evolved that to build in this level of intelligence into the system is not difficult.
-Most of the microgrid is based on solar PV and diesel generator sets. The share of mini-hydro and biomass-driven microgrids is expected to increase between 2014 and 2020.
-Primary end users of microgrids are residential community, remote mines, commercial buildings, factories, military base, universities, and institutions.
-In 2013, the major microgrid solution providers in the region were Fuji Electric, Mitsubishi Electric, ABB Ltd., Siemens AG, Alstom Ltd, General Electric Co Ltd., Meidensha Corporation, and WEnergy Corporation.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
Microgrid Market by Offering, Connectivity, Grid Type, Vertical & Geography - Global Forecast to 2022

Microgrid Market by Offering, Connectivity, Grid Type, Vertical & Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“The microgrid market is likely to grow at a CAGR of 12.45% between 2016 and 2022” The microgrid market was valued at USD 16.58 billion in 2015 and is expected to reach USD 38.99 billion by 2022, at ...

Opportunity in Microgrid in global market - 2017

Opportunity in Microgrid in global market - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...

The 2018-2023 World Outlook for Community Resilience Microgrids

The 2018-2023 World Outlook for Community Resilience Microgrids

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for community resilience microgrids across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.