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Microgrid Technology Market to Register a Healthy CAGR throughout 2017 – 2025

Press Release   •   Apr 02, 2018 02:36 EDT

Microgrid Technology Market

Microgrid conflict with traditional electrical dispersion systems as it exhibits close adjacency amidst power consumer and power generation source. Microgrid is collection of localized parts of electricity sources, power users and smart distribution mechanism that interoperates through control and software based intelligence systems. It is contemporary miniature of electricity system that is applied in the generation, distribution and regulation of the electrical power flow. It involves multiple loads and distributed energy sources that empowers interconnection with other electrical grids as well as parallel power generation environment. Microgrids improves efficiency of energy cascade utilization, can serve as effective reciprocal of power grid and enhances the reliability of power supply and power quality. Microgrids can be used to generate power from both renewable and non-renewable energy sources.

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Government supportive actions across the globe that includes setting up solar, biopower and wind energy farms and rising focus on utilization of renewable energy resources based upon microgrids is having strong impact leading the market growth in forward direction. Increased significance of captive electricity generation as a major substitute to the regulated power supply by municipal regulators in mechanical engineering and mining sectors, expanding industrialization and requirement for protected and constant power supply increases the demand for microgrid technology driving the growth of the market at higher pace. Moreover, growing urgency of advanced technology for power generation and circulation and administrative initiatives in a direction of green energy boost the growth of the market. Nevertheless, huge capital investment need for integration of present systems with microgrids, hefty primary cost of installation, technical obstacles and complication in property acquisition for solar PV installation in rural area are some of the threats to the market hindering the further development.

Segmentation:The global microgrid technology market is divided in terms of connectivity, type, vertical and geography. On the basis of connectivity the market is spilt into grid connected and remote/island. Based on grid type the market is bifurcated into AC microgrid, DC microgrid and hybrid. According to vertical the market is segregated into telecom and manufacturing, healthcare, military, educational institutes, electrical utility and industrial.

Regional Analysis:
Globally, the microgrid technology market is analysed across North America, Europe, Asia-Pacific and rest of world. North America accounts for highest share of the market at present due to spread of industrialization and electrification. Relatively easy land procurement and registration of land for solar PV installation and well-established and known concept of microgrid favours the growth of the microgrid technology market in North America. However, developing countries in Asian-Pacific region including India, Australia and china are anticipated to have substantial opportunities for market development. Growing demand for miniaturized form of systems with huge potential power supply, government bodies aiding in green solution and encouragement for using renewable energy resource are the key factors attributing to the growth of Asia-Pacific microgrid technology market.

Global Microgrid technology Market Segmentation
By Connectivity:

  • Grid Connected
  • Remote/Island

By Grid Type:

  • AC Microgrid
  • DC Microgrid
  • Hybrid

By Verticals:

  • Telecom and Manufacturing
  • Healthcare
  • Military
  • Educational Institutes
  • Electrical Utility
  • Industrial

By End-User:

  • Consumer
  • Industries
    • Automotive
    • Information Technology
    • Aerospace & Defence
    • Healthcare Sector
    • Others

By Geography:

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Turkey
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • New-Zealand
    • China
    • Rest of APAC
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Market Players:

  • ABB
  • General Electric
  • Echelon
  • S&C Electric Co
  • Siemens
  • General Microgrids
  • Microgrid Solar
  • Raytheon
  • Sunverge Energy
  • Toshiba
  • NEC
  • Aquion Energy

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Research ScopeThe study for Global Microgrid Technology Market will provide market size, estimates and forecast based on the following years:

Historic data: 2015Base Year Estimate: 2016Forecast: 2017 to 2025

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.

Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.

1.Introduction
1.1 Market Definition
1.2. Market Scope

2.Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions

3 Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016