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EUROPE MICROGRID MARKET FORECAST 2019-2027

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EUROPE MICROGRID MARKET FORECAST 2019-2027

Microgrids can generate power from both non-conventional and conventional sources of energy. With the advancement of technology, microgrids have been fitted with utility automation software systems as a part of extensive energy grid interoperability software. The European market for microgrids is projected to propagate at a CAGR of 11.55% during the forecasting period of 2019-2027.

EUROPE MICROGRID MARKET FORECAST 2019-2027

Europe 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 generate power from both non-conventional and conventional sources of energy. With the advancement of technology, microgrids have been fitted with utility automation software systems as a part of extensive energy grid interoperability software. The European market for microgrids is projected to propagate at a CAGR of 11.55% during the forecasting period of 2019-2027.

When part of the grid undergoes repair, most of the consumers get affected. This is where a microgrid can step in since it generally operates (on batteries, distributed generators, solar panels, etc.) while connected to the grid, but importantly, it can break off and operate on its own using local energy generation in times of crisis like storms or power outages.

The incompatibilities that limit the deployment of microgrids solutions are known to restrict its adoption across the globe. However, to overcome such issues, an increasing focus for the development and deployment of advanced microgrids are already underway. The microgrid market is segmented on the basis of offerings, types, consumption patterns and verticals for better understanding.

Higher demands for electricity in Europe, investments by the developed countries in clean energy being on a rapid up-surge & increasing demand for clean energy storage systems are specifically driving the market growth in the Europe market.

Some of the major market players in the European region are Duke Energy Corporation, Siemens AG, Hitachi Ltd., Princeton Power Systems, Schneider Electric, NRG Energy Inc., Exelon Corporation, General Electric, Fairbanks Morse, S&C Electric Company, Eaton Corporation PLC, ABB Ltd., National Grid, Power Engineers Incorporated and Fuelcell Energy Inc.

 

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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
        • 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. EUROPE
      • UNITED KINGDOM
      • FRANCE
      • ITALY
      • RUSSIA
      • SPAIN
      • GERMANY
      • REST OF EUROPE
    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. EUROPE MICROGRID MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

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

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

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

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

    TABLE 6. OPPORTUNITY MATRIX

    TABLE 7. VENDOR LANDSCAPE

    TABLE 8. LEGAL, POLICY & REGULATORY FRAMEWORK

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

    LIST OF FIGURES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 16. PORTER’S FIVE FORCE ANALYSIS

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

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

    FIGURE 19. FRANCE MICROGRID MARKET, 2019-2027 (IN $ MILLIONS)

    FIGURE 20. ITALY MICROGRID MARKET, 2019-2027 (IN $ MILLIONS)

    FIGURE 21. RUSSIA MICROGRID MARKET, 2019-2027 (IN $ MILLIONS)

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

    FIGURE 23. GERMANY MICROGRID MARKET, 2019-2027 (IN $ MILLIONS)

    FIGURE 24. REST OF EUROPE MICROGRID MARKET, 2019-2027 (IN $ MILLIONS)

    1. EUROPE
      • UNITED KINGDOM
      • FRANCE
      • ITALY
      • RUSSIA
      • SPAIN
      • GERMANY
      • REST OF EUROPE
    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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