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ASIA PACIFIC MICROGRID MARKET FORECAST 2019-2027

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ASIA PACIFIC MICROGRID MARKET FORECAST 2019-2027

The Asia Pacific region is expected to be on the up-surging end during the forecasting period of 2019-2027, which when estimated by Inkwood Research, was found to be around 12.23% CAGR, which depicted that the APAC microgrid market will be the fastest growing market among other regions. Several supporting government initiatives plan to enhance new energy microgrids along with the private funding to promote installation of microgrids in the region.

ASIA PACIFIC MICROGRID MARKET FORECAST 2019-2027

Asia Pacific Microgrid Market by Offerings (Hardware, Software, Services) by Types (Grid Connected, Remote/island/off-grid) by Consumption Patterns (Semi-urban, Urban/metropolitan, Rural/island) by Verticals (Industrial, Healthcare, Education, Military, Government & Utilities, Others) by Geography.

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‘Microgrids can play an integral role in the optimization of energy consumption to opt for more balanced living conditions of energy independence and, in some cases, maintaining environmental friendly communities. ‘ They only permit optimization of the power source but also that of the power use. Another huge advantage to local power production upon the integration of microgrids is the optimization of heat energy. Large power plants tend to generate huge amounts of unused heat. This can be alleviated on a local level (microgrids); however, that energy could be used to heat water for regional use.

The Asia Pacific region is expected to be on the up-surging end during the forecasting period of 2019-2027, which when estimated by Inkwood Research, was found to be around 12.23% CAGR, which depicted that the APAC microgrid market will be the fastest growing market among other regions. Several supporting government initiatives plan to enhance new energy microgrids along with the private funding to promote installation of microgrids in the region.

There are extensive ongoing investments in the APAC microgrids market, both from the regulatory bodies and the companies. The regulatory bodies of every Asia Pacific country have set some specific targets to improve the rural electrification, grid reliability, and energy security. Because of different dynamics within each Asia Pacific country, the need for microgrid projects also varies. These dynamics can act as drivers for microgrid in the respective country.

The countries like India, China, Japan, Australia, South Korea, and the remaining countries forming the Rest of Asia Pacific regional segment contribute significantly to the APAC microgrids market. 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.

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

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    1. RESEARCH SCOPE
      • STUDY GOALS
      • SCOPE OF THE MARKET STUDY
      • WHO WILL FIND THIS REPORT USEFUL?
      • STUDY AND FORECASTING YEARS
    2. RESEARCH METHODOLOGY
      • SOURCES OF DATA
        • SECONDARY DATA
        • PRIMARY DATA
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
      • DATA TRIANGULATION
    3. EXECUTIVE SUMMARY
      • MARKET SUMMARY
      • KEY FINDINGS
        • REGULATIONS ON GREENHOUSE GAS EMISSION ACROSS THE WORLD
        • BENEFITS OF USING MICROGRID TECHNOLOGY
        • COLLABORATIONS FOR ENHANCEMENTS IN MICROGRID TECHNOLOGY
        • GOVERNMENT & UTILITIES SEGMENT WITNESS THE ROBUST GROWTH
        • INDIA IS AN EVOLVING CENTER FOR MICROGRIDS
        • USAGE OF MICROGRIDS IN HOSPITALS
        • INVESTMENTS IN MICROGRIDS
    1. MARKET DYNAMICS
      • ETYMOLOGY OF MICROGRID MARKET
      • MARKET SCOPE & DEFINITION
      • MARKET DRIVERS
        • INCREASE IN DEMAND FOR ELECTRICITY WORLDWIDE
        • INVESTMENTS IN CLEAN ENERGY IS RISING RAPIDLY
        • RAPID INCREASE IN DEMAND OF CLEAN ENERGY STORAGE SYSTEMS
      • MARKET RESTRAINTS
        • HIGH COST OF MAINTENANCE & INSTALLATION HINDERS THE USAGE OF MICROGRIDS
        • STRINGENT POLICIES, REGULATIONS, AND STANDARDS RELATED TO MICROGRIDS ACROSS THE WORLD
      • MARKET OPPORTUNITIES
        • USAGE OF INTERNET OF THINGS IN MICROGRIDS
        • INCREASING ELECTRIFICATION PROJECTS ACROSS EMERGING ECONOMIES
        • SMART CITY INITIATIVES
      • MARKET CHALLENGES
        • DIFFICULTIES IN PLANNING, DESIGNING, AND IMPLEMENTATION OF A LARGE SIZE MICROGRID
        • LACK OF TRAINING IS A MAJOR BARRIERS FOR THE LONG-TERM SUSTAINABILITY OF MICROGRIDS
    1. MARKET BY OFFERINGS
      • HARDWARE
      • SOFTWARE
      • SERVICES
    2. MARKET BY TYPES
      • GRID CONNECTED
      • REMOTE/ISLAND/OFF-GRID
    3. MARKET BY CONSUMPTION PATTERNS
      • SEMI-URBAN
      • URBAN/METROPOLITAN
      • RURAL/ISLAND
    4. MARKET BY VERTICALS
      • INDUSTRIAL
      • HEALTHCARE
      • EDUCATION
      • MILITARY
      • GOVERNMENT & UTILITIES
      • OTHERS
    5. KEY ANALYTICS
      • PORTER’S FIVE FORCE MODEL
        • THREAT OF NEW ENTRANTS
        • THREAT OF SUBSTITUTE
        • BARGAINING POWER OF SUPPLIERS
        • BARGAINING POWER OF BUYERS
        • THREAT OF COMPETITIVE RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
        • LEGAL, POLICY & REGULATORY FRAMEWORK
    1. ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    2. COMPETITIVE LANDSCAPE
      • KEY COMPANY ANALYSIS
        • GE ELECTRIC
        • SIEMENS AG
        • EATON
        • ABB LTD.
        • SCHNEIDER ELECTRIC
      • COMPANY PROFILES
        • ABB LTD.
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • DUKE ENERGY CORPORATION
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • EATON CORPORATION PLC
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • EXELON CORPORATION
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • FAIRBANKS MORSE
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • GENERAL ELECTRIC
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • HITACHI LTD.
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • SCHNEIDER ELECTRIC
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • SIEMENS AG
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • NATIONAL GRID
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • FUELCELL ENERGY INC.
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • NRG ENERGY INC.
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • POWER ENGINEERS INCORPORATED
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • PRINCETON POWER SYSTEMS
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS
        • S&C ELECTRIC COMPANY
          • OVERVIEW
          • PRODUCT PORTFOLIO
          • STRATEGIC INITIATIVES
          • SCOT ANALYSIS

    LIST OF TABLES

    TABLE 1. ASIA PACIFIC MICROGRID MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    TABLE 2. ASIA PACIFIC MICROGRID MARKET, BY OFFERINGS, 2019-2027 (IN $ MILLION)

    TABLE 3. ASIA PACIFIC MICROGRID MARKET, BY TYPES, 2019-2027 (IN $ MILLION)

    TABLE 4. ASIA PACIFIC MICROGRID MARKET, BY CONSUMPTION PATTERNS, 2019-2027 (IN $ MILLION)

    TABLE 5. ASIA PACIFIC MICROGRID MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

    TABLE 6. OPPORTUNITY MATRIX

    TABLE 7. VENDOR LANDSCAPE

    TABLE 8. LEGAL, POLICY & REGULATORY FRAMEWORK

    TABLE 9. ASIA PACIFIC MICROGRID MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

    LIST OF FIGURES

    FIGURE 1. ASIA PACIFIC MICROGRID MARKET, BY VERTICALS, 2018 & 2027 (IN %)

    FIGURE 2. ASIA PACIFIC MICROGRID MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

    FIGURE 3. ASIA PACIFIC MICROGRID MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

    FIGURE 4. ASIA PACIFIC MICROGRID MARKET, BY SERVICES, 2019-2027 (IN $ MILLION)

    FIGURE 5. ASIA PACIFIC MICROGRID MARKET, BY GRID CONNECTED, 2019-2027 (IN $ MILLION)

    FIGURE 6. ASIA PACIFIC MICROGRID MARKET, BY REMOTE/ISLAND/OFF-GRID, 2019-2027 (IN $ MILLION)

    FIGURE 7. ASIA PACIFIC MICROGRID MARKET, BY SEMI-URBAN, 2019-2027 (IN $ MILLION)

    FIGURE 8. ASIA PACIFIC MICROGRID MARKET, BY URBAN/METROPOLITAN, 2019-2027 (IN $ MILLION)

    FIGURE 9. ASIA PACIFIC MICROGRID MARKET, BY RURAL/ISLAND, 2019-2027 (IN $ MILLION)

    FIGURE 10. ASIA PACIFIC MICROGRID MARKET, BY INDUSTRIAL, 2019-2027 (IN $ MILLION)

    FIGURE 11. ASIA PACIFIC MICROGRID MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

    FIGURE 12. ASIA PACIFIC MICROGRID MARKET, BY EDUCATION, 2019-2027 (IN $ MILLION)

    FIGURE 13. ASIA PACIFIC MICROGRID MARKET, BY MILITARY, 2019-2027 (IN $ MILLION)

    FIGURE 14. ASIA PACIFIC MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2019-2027 (IN $ MILLION)

    FIGURE 15. ASIA PACIFIC MICROGRID MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

    FIGURE 16. PORTER’S FIVE FORCE ANALYSIS

    FIGURE 17. ASIA PACIFIC MICROGRID MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

    FIGURE 18. CHINA MICROGRID MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 19. INDIA MICROGRID MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 20. JAPAN MICROGRID MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 21. AUSTRALIA MICROGRID MARKET, 2019-2027 (IN $ MILLION)

    FIGURE 22. SOUTH KOREA MICROGRID MARKET, 2019-2027 (IN $ MILLIONS)

    FIGURE 23. REST OF ASIA PACIFIC MICROGRID MARKET, 2019-2027 (IN $ MILLION)

    1. ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    2. MARKET BY OFFERINGS
      • HARDWARE
      • SOFTWARE
      • SERVICES
    3. MARKET BY TYPES
      • GRID CONNECTED
      • REMOTE/ISLAND/OFF-GRID
    4. MARKET BY CONSUMPTION PATTERNS
      • SEMI-URBAN
      • URBAN/METROPOLITAN
      • RURAL/ISLAND
    5. MARKET BY VERTICALS
      • INDUSTRIAL
      • HEALTHCARE
      • EDUCATION
      • MILITARY
      • GOVERNMENT & UTILITIES
      • OTHERS

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