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Analysis of the Asia-Pacific Microgrid Market

  • September 2014
  • -
  • Frost & Sullivan
  • -
  • 125 pages

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.

Table Of Contents

Analysis of the Asia-Pacific Microgrid Market
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective

2. MARKET OVERVIEW

Market Overview
Market Definitions
Market Overview
Microgrid Technical Design Factors
Key Questions This Study Will Answer
Market Segmentation
Business Models
Financing Pattern in Community Model

3. DRIVERS AND RESTRAINTS—TOTAL MICROGRID MARKET

Drivers and Restraints—Total Microgrid Market
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. FORECASTS AND TRENDS—TOTAL MICROGRID MARKET

Forecasts and Trends—Total Microgrid Market
Market Engineering Measurements
Forecast Assumptions and Methodology
Revenue and Annual Capacity Addition Forecast
Revenue and Annual Capacity Addition Forecast Discussion
Cumulative Capacity Addition Forecast by RE Source
Cumulative Capacity Addition Forecast Discussion by RE Source
Pricing Trends and Forecast
Pricing Trends and Forecast Discussion
Percent Revenue Forecast by Country
Revenue Forecast Discussion by Country
Regional Hotspots
Regional Market Trends
Regional Regulatory Trends
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market

5. BUSINESS CASE STUDIES—TOTAL MICROGRID MARKET

Business Case Studies—Total Microgrid Market
Case Study—Industrial Electrification with Microgrid
Case Study—Pallawan Solar Microgrid
Case Study—Hybrid microgrid

6. VALUE CHAIN AND KEY PARTICIPANTS— TOTAL MICROGRID MARKET

Value Chain and Key Participants— Total Microgrid Market
Value Chain Analysis—Hybrid Solar PV Projects
Value Chain Analysis—Mini-Hydro Projects
Value Chain Analysis—Biomass Projects
Value Chain Analysis—Wind Projects
Key Market Participants
Key Market Participants Discussion
Competitive Environment

7. JAPAN MICROGRID MARKET

Japan Microgrid Market
Japan Market—Key Findings
Japan Microgrid Market—Revenue and Annual Capacity Addition Forecast
Japan Microgrid Market—Revenue and Annual Capacity Addition Forecast Discussion

8. SOUTH KOREA MICROGRID MARKET

South Korea Microgrid Market
South Korea Market—Key Findings
South Korea Microgrid Market—Revenue and Annual Capacity Addition Forecast
South Korea Microgrid Market—Revenue and Annual Capacity Addition Forecast Discussion

9. INDONESIA MICROGRID MARKET

Indonesia Microgrid Market
Indonesia Market—Key Findings

10. AUSTRALIA MICROGRID MARKET

Australia Microgrid Market
Australia Market—Key Findings
Australia Microgrid Market—Revenue Forecast

11. MALAYSIA MICROGRID MARKET

Malaysia Microgrid Market
Malaysia Market—Key Findings
Malaysia Microgrid Market—Revenue and Annual Capacity Addition Forecast Discussion

12. THE PHILIPPINES MICROGRID MARKET

The Philippines Microgrid Market
The Philippines—Key Findings

13. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
The Last Word—Key Recommendations for Sustainable Off-grid Microgrid
Legal Disclaimer

14. APPENDIX

Appendix
Market Engineering Methodology
Additional Sources of Information on Microgrid Market
Abbreviations and Acronyms Used
Learn More—Next Steps

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