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  5. > Microgrid Market by Grid Type, Component, Power Source, Vertical, and Geography - Global Forecast to 2022

“The microgrid market expected to grow at a CAGR of 10.9%”
The microgrid market is expected to reach USD 34.94 billion by 2022, at a CAGR of 10.9% between 2016 and 2022. Growing demand for scalable and economic grid controls, cheap and clean energy storage options, and shift towards remote grids in the military segment are the factors driving the microgrid market positively.

“Remote/ island grid-type is in the growth phase; while, hybrid grid-type is in the introductory phase”
In the microgrid market, remote/ island grid-type is estimated to grow at a significant pace during the forecast period. Hybrid grid-type which operates using multiple power sources are trying to gain traction in the market. Presently, the use of remote grid-type is increasing owing to the launch of programs focused on demonstrating and subsidizing solar farm projects in Asian & African countries, such as India, China, Japan, Australia, South Korea, and countries in Africa among others.

“The market in APAC is expected to grow at the highest rate in the microgrid market”
The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The growth is attributed to the large number of investments being made by both national and international companies, such as ABB, Siemens, GE and, Schneider Electric among others in this region.

Breakdown of profile of primary participants:

- By Company Type-Tier 1- 17%, Tier 2- 50%, Tier 3- 33%
- By Designation –C Level- 28%, Director Level- 29%; Others- 43%
- By Region- North America-29%, Europe-57%, Asia-Pacific-14%

The key players operating in this market include ABB Ltd. (Switzerland), Anbaric Transmission (U.S.), Eaton Corp plc (Ireland), Exelon Corp. (U.S.), General Electric (U.S.), Honeywell International, Inc. (U.S.), Northern Power Systems Corp. (U.S.), NRG Energy, Inc. (U.S.), Pareto Energy (U.S.), Siemens AG (Germany), and Spirae, Inc. (U.S.) among others.

“Reasons to buy the report”:
- This report includes the market statistics pertaining to microgrid grid-type, component, power source, vertical, and geography along with their respective revenues and power generation capacity.
- The Porter’s Five Forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the microgrid market.
- Major drivers, restraints, opportunities and, challenges for the microgrid market have been detailed in this report.
- Illustrative segmentation, analysis, and forecast for the markets based on microgrid grid-type, component, power source, vertical, and geography has been conducted to give an overall view of the microgrid market.
- A detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.

Table Of Contents

Microgrid Market by Grid Type, Component, Power Source, Vertical, and Geography - Global Forecast to 2022
TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 STUDY OBJECTIVES 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY and PRICING 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
2.4.1 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHT 31
4.1 INCREASING OPPORTUNITIES IN THE RESIDENTIAL and COMMERCIAL VERTICAL IS EXPECTED TO DRIVE THE MICROGRID MARKET DURING THE FORECAST PERIOD 31
4.2 MICROGRID MARKET: BY GRID TYPE, IN TERMS OF CAPACITY 31
4.3 CHINA DOMINATES THE OVERALL MICROGRID MARKET IN 2015 32
4.4 AMERICAS HELD THE LARGEST MARKET SHARE IN THE MICROGRID MARKET IN 2015 33
4.5 RENEWABLE POWER SOURCE IN MICROGRID MARKET 33
4.6 LIFE CYCLE ANALYSIS, BY GEOGRAPHY 34

5 MARKET OVERVIEW 35
5.1 MARKET SEGMENTATION 36
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 39
5.2.1.1 Growing demand for scalable and economic grid control 39
5.2.1.2 Cheap and clean energy storage options 40
5.2.1.3 Shift towards remote grids in the military segment 40
5.2.2 RESTRAINTS 41
5.2.2.1 High cost of microgrids 41
5.2.3 OPPORTUNITIES 42
5.2.3.1 Rural electrification projects in Africa and APAC 42
5.2.4 CHALLENGES 42
5.2.4.1 Complex planning and design 42
5.2.4.2 Policy, regulation and standards 43
5.2.4.3 Lack of proper training 43
6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 44
6.2 VALUE CHAIN ANALYSIS 45
6.3 PORTER'S FIVE FORCES ANALYSIS 46
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 48
6.3.2 THREAT OF SUBSTITUTES 49
6.3.3 BARGAINING POWER OF BUYERS 50
6.3.4 BARGAINING POWER OF SUPPLIERS 51
6.3.5 THREAT OF NEW ENTRANTS 52
6.4 REGULATORY LANDSCAPE 53
7 MICROGRID MARKET, BY GRID TYPE 54
7.1 INTRODUCTION 55
7.2 GRID-CONNECTED TYPE 57
7.3 REMOTE/ ISLAND TYPE 59
7.4 HYBRID TYPE 61
8 MICROGRID MARKET, BY COMPONENT 63
8.1 INTRODUCTION 64
8.2 GENERATION 65
8.3 SWITCH GEAR 65
8.4 CONTROLS 65
8.5 CABLE 66
8.6 SOFTWARE and SERVICES 66

9 MICROGRID MARKET, BY POWER SOURCE 67
9.1 INTRODUCTION 68
9.2 FUEL CELL 70
9.3 CHP 71
9.4 RENEWABLES 72
9.4.1 PV CELLS 73
9.4.2 WIND-BASED 74
9.4.3 OTHERS 75
10 MICROGRID MARKET, BY VERTICAL 76
10.1 INTRODUCTION 77
10.2 GOVERNMENT and EDUCATION 79
10.2.1 INSTITUTION and RESEARCH ORGANIZATION 81
10.2.2 GOVERNMENT ORGANIZATION 81
10.3 RESIDENTIAL and COMMERCIAL 82
10.3.1 RESIDENTIAL 84
10.3.2 HEALTHCARE 85
10.3.3 OTHERS 86
10.4 INDUSTRIAL 87
10.5 MILITARY 88
10.6 UTILITY 90
11 GEOGRAPHIC ANALYSIS 91
11.1 INTRODUCTION 92
11.2 AMERICAS 95
11.2.1 NORTH AMERICA 99
11.2.1.1 Northeast blackout of 2003 is one of the factors which created the need for implementing microgrids in North America 99
11.2.1.2 U.S. 99
11.2.1.2.1 The market in the U.S. undergoing changes and developments especially in the power supply sector 99
11.2.1.3 Rest of North America 99
11.2.2 LATIN AMERICA 100
11.2.2.1 Increased support and adoption of renewable power grids observed recently in the market in Latin America 100
11.2.2.2 Brazil 100
11.2.2.2.1 A highly potential country for microgrid deployment 100
11.2.2.3 Rest of Latin America 101
11.3 EUROPE 102
11.3.1 WESTERN EUROPE 105
11.3.1.1 Support schemes initiated by the Renewable Energy Act in Europe help to promote adoption of microgrids 105

11.3.1.2 Germany 105
11.3.1.2.1 Heavy investments being carried out in the microgrid market in Germany beyond F.I.T schemes 105
11.3.1.3 France 105
11.3.1.3.1 The microgrid market in France expected to grow moderately during the forecast period 105
11.3.1.4 U.K. 105
11.3.1.4.1 The U.K.: one of the leading market for microgrids in Western Europe 105
11.3.1.5 Rest of Western Europe 106
11.3.2 EASTERN EUROPE 106
11.3.2.1 Russia 106
11.3.2.1.1 Russia: huge potential market for off-grid systems 106
11.3.2.2 Rest of Eastern Europe 106
11.3.3 REST OF EUROPE 107
11.3.3.1 Growing interest for improved power quality is leading the market in Rest of Europe towards microgrids 107
11.4 APAC 108
11.4.1 DEVELOPMENT OF THE INDUSTRIAL SECTOR AND POWER INFRASTRUCTURE IS ALSO EXPECTED TO DRIVE THE MICROGRID MARKET IN APAC 108
11.4.2 INDIA 111
11.4.2.1 The government of India to develop nine high capacity green transmission corridors 111
11.4.3 CHINA 111
11.4.3.1 China: leading country in the global microgrid market 111
11.4.4 AUSTRALIA 112
11.4.4.1 Several initiatives being taken up by ARENA to drive the PV cells market 112
11.4.5 REST OF APAC 112
11.4.5.1 The Indonesian government-led initiative to build energy-independent islands 112
11.5 REST OF THE WORLD 113
11.5.1 HEAVY INVESTMENTS BEING MADE BY INDIA AND CHINA IN THE ROW MINING MARKET 113
11.5.2 MIDDLE EAST 115
11.5.2.1 Deployment of microgrids in Middle East countries to increase in the long run 115
11.5.3 AFRICA 115
11.5.3.1 Increasing number of rural electrification projects in Africa 115
12 COMPETITIVE LANDSCAPE 116
12.1 OVERVIEW 116
12.2 MARKET RANKING FOR MICROGRID MARKET 117
12.3 COMPETITIVE SCENARIO 118

12.4 RECENT DEVELOPMENTS 119
12.4.1 PARTNERSHIP/ COLLABORATION/ AGREEMENT 119
12.4.2 NEW PRODUCT LAUNCHES 120
12.4.3 EXPANSIONS 121
12.4.4 MERGERS and ACQUISITIONS 121
13 COMPANY PROFILES 122
(Overview, Products and Services, Financials, Strategy and Development)*
13.1 INTRODUCTION 122
13.2 ABB LTD. 123
13.3 EATON CORPORATION PLC 126
13.4 GENERAL ELECTRIC 129
13.5 SIEMENS AG 132
13.6 EXELON CORPORATION 135
13.7 HONEYWELL INTERNATIONAL, INC. 137
13.8 NRG ENERGY, INC. 139
13.9 ANBARIC TRANSMISSION, LLC 141
13.10 PARETO ENERGY 142
13.11 SPIRAE, INC. 143
13.12 NORTHERN POWER SYSTEMS CORP. 144
*Details on Overview, Products and Services, Financials, Strategy and Development might not be Captured in case of Unlisted Companies.
14 APPENDIX 146
14.1 INSIGHTS OF INDUSTRY EXPERTS 146
14.2 DISCUSSION GUIDE 147
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 150
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 152
14.5 AVAILABLE CUSTOMIZATIONS 154
14.6 RELATED REPORTS 154


LIST OF TABLES

TABLE 1 MICROGRID MARKET SEGMENTATION, BY GRID TYPE 36
TABLE 2 MICROGRID MARKET SEGMENTATION, BY COMPONENT 36
TABLE 3 MICROGRID MARKET SEGMENTATION, BY POWER SOURCE 36
TABLE 4 MICROGRID MARKET SEGMENTATION, BY VERTICAL 37
TABLE 5 INCREASE IN DEMAND FOR SCALABLE AND ECONOMIC GRID CONTROL IS PROPELLING THE GROWTH OF MICROGRID MARKET DURING THE FORECAST PERIOD 41
TABLE 6 HIGH FINANCIAL COST OF DISTRIBUTED ENERGY RESOURCES TO ACT AS A RESTRAINT FOR THE MICROGRID MARKET 41
TABLE 7 INCREASE IN THE NUMBER OF RURAL ELECTRIFICATION PROJECTS IS A HUGE OPPORTUNITY FOR THE MICROGRID MARKET 42
TABLE 8 FUNCTION and STAKEHOLDERS IN A MICROGRID VALUE CHAIN 45
TABLE 9 PORTER'S FIVE FORCES ANALYSIS: THREAT OF SUBSTITUTES LIKELY TO HAVE MINIMUM IMPACT ON THE OVERALL MARKET 47
TABLE 10 MICROGRID MARKET: REGULATORY LANDSCAPE 53
TABLE 11 MICROGRID MARKET, BY GRID TYPE, 2013-2022 (USD BILLION) 55
TABLE 12 MICROGRID MARKET, BY GRID TYPE, 2013-2022 (IN GW) 56
TABLE 13 MARKET FOR GRID-CONNECTED MICROGRIDS, BY VERTICAL,
2013-2022 (USD BILLION) 57
TABLE 14 GOVERNMENT and EDUCATION: MARKET FOR GRID-CONNECTED MICROGRIDS,
BY VERTICAL, 2013-2022 (USD BILLION) 58
TABLE 15 RESIDENTIAL and COMMERCIAL: MARKET FOR GRID-CONNECTED MICROGRIDS,
BY VERTICAL, 2013-2022 (USD BILLION) 58
TABLE 16 MARKET FOR REMOTE/ ISLAND MICROGRIDS, BY VERTICAL,
2013-2022 (USD BILLION) 59
TABLE 17 GOVERNMENT and EDUCATION: MARKET FOR REMOTE/ ISLAND MICROGRIDS,
BY VERTICAL, 2013-2022 (USD BILLION) 60
TABLE 18 RESIDENTIAL and COMMERCIAL: MARKET FOR REMOTE/ ISLAND MICROGRIDS,
BY VERTICAL, 2013-2022 (USD BILLION) 60
TABLE 19 MARKET FOR HYBRID MICROGRIDS, BY VERTICAL, 2013-2022 (USD BILLION) 61
TABLE 20 GOVERNMENT and EDUCATION: MARKET FOR HYBRID MICROGRIDS, BY VERTICAL, 2013-2022 (USD BILLION) 62
TABLE 21 RESIDENTIAL and COMMERCIAL: MARKET FOR HYBRID MICROGRIDS, BY VERTICAL, 2013-2022 (USD BILLION) 62
TABLE 22 MICROGRID MARKET, BY COMPONENT, 2013-2022 (USD BILLION) 64
TABLE 23 MICROGRID MARKET, BY POWER SOURCE, 2013-2022 (USD BILLION) 68
TABLE 24 MICROGRID MARKET, BY POWER SOURCE, 2013-2022 (IN GW) 69
TABLE 25 MARKET FOR FUEL CELL OF POWER SOURCE, BY REGION,
2013-2022 (USD BILLION) 70
TABLE 26 MARKET FOR CHP OF POWER SOURCE, BY REGION, 2013-2022 (USD BILLION) 71
TABLE 27 MICROGRID MARKET, BY RENEWABLE POWER SOURCE,
2013-2022 (USD BILLION) 72
TABLE 28 MICROGRID MARKET, BY RENEWABLE POWER SOURCE, 2013-2022 (IN GW) 73
TABLE 29 MARKET FOR RENEWABLES OF POWER SOURCE, BY REGION,
2013-2022 (USD BILLION) 73
TABLE 30 MARKET FOR PV CELLS OF RENEWABLES, BY REGION, 2013-2022 (USD BILLION) 74
TABLE 31 MARKET FOR WIND-BASED SOURCE OF RENEWABLES, BY REGION,
2013-2022 (USD BILLION) 74
TABLE 32 MARKET FOR OTHERS OF RENEWABLES, BY REGION, 2013-2022 (USD BILLION) 75
TABLE 33 MICROGRID MARKET, BY VERTICAL, 2013-2022 (USD BILLION) 78
TABLE 34 MICROGRID MARKET, BY GOVERNMENT AND EDUCATION VERTICAL,
2013-2022 (USD BILLION) 79
TABLE 35 MARKET FOR GOVERNMENT and EDUCATION VERTICAL OF MICROGRIDS,
BY GRID TYPE, 2013-2022 (USD BILLION) 80
TABLE 36 MARKET FOR GOVERNMENT and EDUCATION VERTICAL OF MICROGRIDS,
BY REGION, 2013-2022 (USD BILLION) 80
TABLE 37 MARKET FOR INSTITUTION and RESEARCH VERTICAL OF GOVERNMENT
and EDUCATION, BY GRID TYPE, 2013-2022 (USD BILLION) 81
TABLE 38 MARKET FOR GOVERNMENT ORGANIZATION VERTICAL OF GOVERNMENT
and EDUCATION, BY GRID TYPE, 2013-2022 (USD BILLION) 82
TABLE 39 MICROGRID MARKET, BY RESIDENTIAL and COMMERCIAL VERTICAL,
2013-2022 (USD BILLION) 83
TABLE 40 MARKET FOR RESIDENTIAL and COMMERCIAL VERTICAL OF MICROGRIDS,
BY GRID TYPE, 2013-2022 (USD BILLION) 83
TABLE 41 MARKET FOR RESIDENTIAL and COMMERCIAL VERTICAL OF MICROGRIDS,
BY REGION, 2013-2022 (USD BILLION) 84
TABLE 42 MARKET FOR RESIDENTIAL VERTICAL OF RESIDENTIAL and COMMERCIAL,
BY GRID TYPE, 2013-2022 (USD BILLION) 84
TABLE 43 MARKET FOR HEALTHCARE VERTICAL OF RESIDENTIAL and COMMERCIAL,
BY GRID TYPE, 2013-2022 (USD BILLION) 85
TABLE 44 MARKET FOR OTHERS OF RESIDENTIAL and COMMERCIAL VERTICAL, BY GRID TYPE, 2013-2022 (USD BILLION) 86
TABLE 45 MICROGRID MARKET, BY INDUSTRIAL VERTICAL, 2013-2022 (USD BILLION) 87
TABLE 46 MARKET FOR INDUSTRIAL VERTICAL OF MICROGRIDS, BY REGION,
2013-2022 (USD BILLION) 88
TABLE 47 MICROGRID MARKET, BY MILITARY VERTICAL, 2013-2022 (USD BILLION) 89
TABLE 48 MARKET FOR MILITARY VERTICAL OF MICROGRIDS, BY REGION,
2013-2022 (USD BILLION) 89
TABLE 49 MICROGRID MARKET, BY UTILITY VERTICAL, 2013-2022 (USD BILLION) 90
TABLE 50 MARKET FOR UTILITY VERTICAL OF MICROGRIDS, BY REGION,
2013-2022 (USD BILLION) 90
TABLE 51 MICROGRID MARKET, BY REGION, 2013-2022 (USD BILLION) 93
TABLE 52 MICROGRID MARKET, BY REGION, 2013-2022 (IN GW) 94
TABLE 53 MICROGRID MARKET IN THE AMERICAS, BY VERTICAL, 2013-2022 (USD BILLION) 97
TABLE 54 MICROGRID MARKET IN THE AMERICAS, BY POWER SOURCE,
2013-2022 (USD BILLION) 97
TABLE 55 MICROGRID MARKET IN THE AMERICAS, BY RENEWABLE POWER SOURCE,
2013-2022 (USD BILLION) 98
TABLE 56 AMERICAS: MICROGRID MARKET, BY REGION, 2013-2022 (USD BILLION) 98
TABLE 57 NORTH AMERICA: MICROGRID MARKET, BY GEOGRAPHY,
2013-2022 (USD BILLION) 100
TABLE 58 LATIN AMERICA: MICROGRID MARKET, BY GEOGRAPHY,
2013-2022 (USD BILLION) 101
TABLE 59 MICROGRID MARKET IN EUROPE, BY VERTICAL, 2013-2022 (USD BILLION) 103
TABLE 60 MICROGRID MARKET IN EUROPE, BY POWER SOURCE, 2013-2022 (USD BILLION) 103
TABLE 61 MICROGRID MARKET IN EUROPE, BY RENEWABLE POWER SOURCE,
2013-2022 (USD BILLION) 104
TABLE 62 EUROPE: MICROGRID MARKET, BY REGION, 2013-2022 (USD BILLION) 104
TABLE 63 WESTERN EUROPE: MICROGRID MARKET, BY GEOGRAPHY,
2013-2022 (USD BILLION) 106
TABLE 64 EASTERN EUROPE: MICROGRID MARKET, BY GEOGRAPHY,
2013-2022 (USD BILLION) 107
TABLE 65 MICROGRID MARKET IN APAC, BY VERTICAL, 2013-2022 (USD BILLION) 110
TABLE 66 MICROGRID MARKET IN APAC, BY POWER SOURCE, 2013-2022 (USD BILLION) 110
TABLE 67 MICROGRID MARKET IN APAC, BY RENEWABLE POWER SOURCE,
2013-2022 (USD BILLION) 111
TABLE 68 APAC: MICROGRID MARKET, BY GEOGRAPHY, 2013-2022 (USD BILLION) 112
TABLE 69 MICROGRID MARKET IN ROW, BY VERTICAL, 2013-2022 (USD BILLION) 113
TABLE 70 MICROGRID MARKET IN ROW, BY POWER SOURCE, 2013-2022 (USD BILLION) 114
TABLE 71 MICROGRID MARKET IN ROW, BY RENEWABLE POWER SOURCE,
2013-2022 (USD BILLION) 114
TABLE 72 ROW: MICROGRID MARKET, BY REGION, 2013-2022 (USD BILLION) 115
TABLE 73 MARKET RANKING OF THE TOP 5 PLAYERS IN THE MICROGRID MARKET, 2014 117
TABLE 74 PARTNERSHIP/ COLLABORATION/ AGREEMENT, 2013-2015 119
TABLE 75 NEW PRODUCT LAUNCH, 2013-2015 120
TABLE 76 PARTNERSHIPS and JOINT VENTURES, 2013-2014 121
TABLE 77 MERGERS and ACQUISITIONS, 2012-2015 121


LIST OF FIGURES

FIGURE 1 RESEARCH DESIGN 18
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 4 DATA TRIANGULATION 24
FIGURE 5 REMOTE/ ISLAND GRID TYPE IS EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 27
FIGURE 6 THE MICROGRID MARKET IN THE APAC REGION, IN TERMS OF CAPACITY (IN GW), IS EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 28
FIGURE 7 THE MARKET FOR SOLAR PV CELLS EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD IN TERMS OF CAPACITY 28
FIGURE 8 RESIDENTIAL and COMMERCIAL VERTICAL IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 29
FIGURE 9 THE MICROGRID MARKET IN APAC, IN TERMS OF VALUE, IS EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022 30
FIGURE 10 SIGNIFICANT INCREASE IN DEMAND FOR MICROGRID SOLUTION 31
FIGURE 11 GRID-CONNECTED TYPE TO REGISTER THE HIGHEST CAGR IN MICROGRID MARKET, IN TERMS OF CAPACITY, DURING THE FORECAST PERIOD 31
FIGURE 12 RESIDENTIAL and COMMERCIAL VERTICAL TO HOLD THE LARGEST MARKET SHARE IN APAC TILL 2022 32
FIGURE 13 INDIA EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 33
FIGURE 14 RENEWABLE POWER SOURCE ESTIMATED TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022 33
FIGURE 15 MICROGRID MARKET IS CURRENTLY IN THE GROWTH STAGE IN APAC REGION 34
FIGURE 16 MICROGRID MARKET SEGMENTATION, BY REGION 37
FIGURE 17 INCREASE IN DEMAND FOR ECONOMIC AND CHEAP ENERGY STORAGE OPTIONS EXPECTED TO SPUR THE DEMAND FOR MICROGRID MARKET 38
FIGURE 18 ABB PROJECT LIST: MICROGRIDS INSTALLED OVER THE YEARS 39
FIGURE 19 DECLINE IN THE LEVELIZED COST OF ELECTRICITY (LCOE) FOR WIND and SOLAR PV IN THE LAST FIVE YEARS 40
FIGURE 20 REMOTE/ ISLAND MICROGRIDS: IN GROWTH PHASE FOR THE YEAR, 2015 44
FIGURE 21 VALUE CHAIN ANALYSIS (2015): MAJOR VALUE ADDED DURING THE MANUFACTURING and INTEGRATION PHASE 45
FIGURE 22 HIGH COMPETITIVE RIVALRY OBSERVED AS PER PORTER'S FIVE FORCES ANALYSIS IN THE MICROGRID MARKET (2015): 46
FIGURE 23 MICROGRID MARKET: PORTER'S FIVE FORCES ANALYSIS 47
FIGURE 24 INTENSITY OF COMPETITIVE RIVALRY: GROWING COMPETITION IN THE MARKET OWING TO THE INCREASE IN THE NUMBER OF PLAYERS 48
FIGURE 25 THREAT OF SUBSTITUTES: IMPACT LIKELY TO BE MODERATE DUE TO HIGH SUBSTITUTE PRODUCT COST 49
FIGURE 26 BARGAINING POWER OF BUYERS: IMPACT LIKELY TO BE MODERATE DUE TO INCREASING CONSUMER ACCEPTANCE and ADOPTION 50
FIGURE 27 BARGAINING POWER OF SUPPLIERS: ABILITY TO PROVIDE RELIABLE and HIGH QUALITY MICROGRID SOLUTIONS WOULD DRIVE THE SUPPLIER MARKET IN THE FUTURE 51
FIGURE 28 THREAT OF NEW ENTRANTS: MODERATE CAPITAL REQUIREMENT IS A KEY FACTOR BEHIND LOW THREAT OF NEW ENTRANTS 52
FIGURE 29 MICROGRID MARKET, BY GRID TYPE 55
FIGURE 30 GRID CONNECTED TYPE OF MICROGRID IS EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 56
FIGURE 31 RESIDENTIAL and COMMERCIAL VERTICAL TO GROW AT THE HIGHEST RATE IN THE HYBRID MICROGRID MARKET BETWEEN 2016 AND 2022 61
FIGURE 32 MICROGRID MARKET SEGMENTATION: BY COMPONENT 64
FIGURE 33 MICROGRID MARKET SEGMENTATION: BY POWER SOURCE 68
FIGURE 34 RENEWABLE POWER SOURCES ARE EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 69
FIGURE 35 SEGMENTATION: RENEWABLES 72
FIGURE 36 MICROGRID MARKET SEGMENTATION: BY VERTICAL 77
FIGURE 37 RESIDENTIAL and COMMERCIAL VERTICAL EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 77
FIGURE 38 SEGMENTATION: GOVERNMENT and EDUCATION VERTICAL 79
FIGURE 39 SEGMENTATION: RESIDENTIAL and COMMERCIAL VERTICAL 82
FIGURE 40 REMOTE/ ISLAND GRID TYPE TO GROW AT THE HIGHEST RATE IN THE INDUSTRIAL VERTICAL BETWEEN 2016 AND 2022 87
FIGURE 41 MICROGRID MARKET SEGMENTATION: BY GEOGRAPHY 92
FIGURE 42 GEOGRAPHIC SNAPSHOT: APAC EXPECTED TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 92
FIGURE 43 INDIA ESTIMATED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 IN THE OVERALL MICROGRID MARKET 93
FIGURE 44 REGIONS COVERED IN AMERICAS MICROGRID MARKET 95
FIGURE 45 AMERICAS MARKET SNAPSHOT: INCREASING DEMAND FOR RELIABLE AND SECURE POWER SUPPLY IS DRIVING THE MARKET 96
FIGURE 46 REGIONS COVERED IN EUROPE MICROGRID MARKET 102
FIGURE 47 REGIONS COVERED IN APAC MICROGRID MARKET 108
FIGURE 48 APAC MARKET SNAPSHOT: RURAL ELECTRIFICATION IS THE MAIN FACTOR DRIVING THE DEMAND FOR MICROGRIDS IN THIS REGION 109
FIGURE 49 REGIONS COVERED IN ROW MICROGRID MARKET 113
FIGURE 50 KEY GROWTH STRATEGIES ADOPTED BY THE TOP COMPANIES, 2013-2016 116
FIGURE 51 EATON CORPORATION PLC GREW RAPIDLY BETWEEN 2012 AND 2014 117
FIGURE 52 MARKET EVALUATION FRAMEWORK - PARTNERSHIP/ COLLABORATION/ AGREEMENT FUELLED GROWTH AND INNOVATION BETWEEN 2013 AND 2015 118
FIGURE 53 BATTLE FOR MARKET SHARE: PARTNERSHIP/ COLLABORATION/ AGREEMENT WAS THE KEY STRATEGY 119
FIGURE 54 GEOGRAPHIC REVENUE MIX OF TOP MARKET PLAYERS 122
FIGURE 55 ABB LTD.: COMPANY SNAPSHOT 123
FIGURE 56 ABB LTD.: SWOT ANALYSIS 125
FIGURE 57 EATON CORPORATION : COMPANY SNAPSHOT 126
FIGURE 58 EATON CORPORATION : SWOT ANALYSIS 128
FIGURE 59 GENERAL ELECTRIC: COMPANY SNAPSHOT 129
FIGURE 60 GENERAL ELECTRIC : SWOT ANALYSIS 131
FIGURE 61 SIEMENS AG: COMPANY SNAPSHOT 132
FIGURE 62 SIEMENS AG.: SWOT ANALYSIS 134
FIGURE 63 EXELON CORP.: SWOT ANALYSIS 136
FIGURE 64 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT 137
FIGURE 65 NRG ENERGY, INC.: COMPANY SNAPSHOT 139
FIGURE 66 NORTHERN POWER SYSTEMS CORP.: COMPANY SNAPSHOT 144
FIGURE 67 MARKETSANDMARKETS KNOWLEDGE STORE SNAPSHOT 150
FIGURE 68 MARKETSANDMARKETS KNOWLEDGE STORE: SEMICONDUCTOR and ELECTRONICS INDUSTRY SNAPSHOT 151

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ref:plp2016

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