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ASIA PACIFIC MICROGRID MARKET FORECAST 2019-2027

ASIA PACIFIC MICROGRID MARKET FORECAST 2019-2027

  • February 2019
  • 103 pages
  • ID: 5746416
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Asia Pacific region is anticipated to have a growth rate of around 12.23% CAGR. Many supporting government initiatives plan to enhance new energy microgrids along with the private funding to promote installation of microgrids in the region. India, China, Japan, Australia, South Korea, and the remaining countries forming the Rest of Asia Pacific are considered for the market study.

MARKET INSIGHTS
There are extensive ongoing investments in the APAC microgrids market, both from the regulatory bodies and the companies.Lack of awareness and training programs for end users such as utility, military, industrial, residential, commercial, government and education is one of the major concern.

The increasing demand for power is expected to fuel up the capacity addition of renewable energy resulting in increased adoption of the microgrids in the region.

COMPETITIVE INSIGHTS
Schneider Electric, S&C Electric Company, Hitachi Ltd., Exelon Corporation, Power Engineers Incorporated, Princeton Power Systems, General Electric, ABB Ltd., Fuelcell Energy Inc., NRG Energy Inc., Siemens AG, Fairbanks Morse, Duke Energy Corporation, Eaton Corporation PLC and National Grid are the major market players functioning in the Asia Pacific regional market for microgrids.

Companies mentioned
1. ABB LTD.
2. DUKE ENERGY CORPORATION
3. EATON CORPORATION PLC
4. EXELON CORPORATION
5. FAIRBANKS MORSE
6. GENERAL ELECTRIC
7. HITACHI LTD.
8. SCHNEIDER ELECTRIC
9. SIEMENS AG
10. NATIONAL GRID
11. FUELCELL ENERGY INC.
12. NRG ENERGY INC.
13. POWER ENGINEERS INCORPORATED
14. PRINCETON POWER SYSTEMS
15. S&C ELECTRIC COMPANY

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