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

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

  • March 2017
  • 173 pages
  • MarketsandMarkets
Report ID: 3703379

Summary

Table of Contents

Search Inside

“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 a CAGR of 12.45% during the forecast period.

The market growth can be attributed to several factors such as growing demand for automated grid system and enhancement in microgrid connectivity through integration of IoT. The major restraints for the microgrid market are the high initial cost of installation and land acquisition and registration complications for solar PV installation in rural areas.

“The market for healthcare is expected to grow at a high rate during the forecast period”
Hospitals are an essential facility leveraging the advantages of the microgrid. The microgrid system provides significant economic and environmental benefits to the most advanced healthcare facilities. It has the ability to optimize the energy consumption for any type of facility, and this brings particular value to public facilities such as hospitals, which use mass quantities of power to maintain daily operations without risking an outage. The increasing need for uninterrupted power supply in the healthcare vertical is the key factor contributing to the growth of this market.

“The market in APAC is expected to grow at the highest rate during the forecast period”
Rise in microgrid installations in Africa and APAC for rural electrification projects and rapidly growing mining vertical in the Indian market, along with investments made by both national and international companies such as ABB, Siemens, GE, and Schneider Electric, are some of the key factors contributing to the growth of the microgrid market in APAC. The countries considered in APAC are China, Japan, India, Australia, and Rest of APAC. The Americas holds the largest share of the microgrid market as there is strong support for microgrid development from the U.S. and Canadian governments. Additionally, many big players and the start-ups in this region are investing more for technological enhancement of microgrid.

Breakdown of primary participants’ profile by different parameters:

- By Company Type: Tier 1—50%, Tier 2—33%, and Tier 3—17%
- By Designation: C Level—50%, Director Level—33%, and Others—17%
- By Region: Americas—67%, Europe—16%, and APAC—17%

The key players operating in this market are ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation PLC (Ireland), Siemens AG (Germany), Exelon Corporation (U.S.), Schneider Electric (France), Caterpillar Inc. (U.S.), Power Analytics Corporation (U.S.), HOMER Energy LLC (U.S.), and S&C Electric Company (U.S.).


Research Coverage:
In this report, various segments such as offering, connectivity, grid type, vertical, and geography have been covered. The report also discusses the drivers, restraints, opportunities, and challenges for the market. It gives a detailed view of the market across four main regions: the Americas, Europe, APAC, and RoW. Porter’s five forces analysis has been included in the report, along with the description of each force and its impact on the market.


Reasons to Buy the Report:
- This report includes the statistics pertaining to the microgrid market in terms of offering, connectivity, grid type, vertical, and geography, along with their respective market size (in terms of value for the hardware segment).
- Porter’s five forces analysis, value chain analysis, and key strategies adopted by the market players have been provided for the microgrid market.
- Major drivers, restraints, opportunities, and challenges for the microgrid market have been provided in detail in this report.
- The report includes illustrative segmentation, analysis, and forecast for the microgrid market based on its segments and subsegments.

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.

Ahmad 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

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

  • $ 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 ...

The 2018-2023 World Outlook for Microgrids

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

This study covers the world outlook for microgrids across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

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