NORTH AMERICA MICROGRID MARKET FORECAST 2019-2027

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NORTH AMERICA MICROGRID MARKET FORECAST 2019-2027

North America microgrids market is expected to be on an increasing growth end during the forecasting years of 2019-2027 in the North American region mainly due to the increase in demand for electricity in the region’s fast-paced developed countries like the United States and Canada. The regional market in North America is expected to be growing at a CAGR of 10.63% during the forecasting years of 2019-2027.

NORTH AMERICA MICROGRID MARKET FORECAST 2019-2027

North America 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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The microgrid can be defined as a localized assembly of electricity sources and loads that normally operates connected to and syncs with the traditional wide area synchronous grid. Microgrids can also be disconnected with the wide area grids and has the ability to function autonomously as per the physical or economic conditions.

The microgrids market is expected to be on an increasing growth end during the forecasting years of 2019-2027 in the North American region mainly due to the increase in demand for electricity in the region’s fast-paced developed countries like the United States and Canada. The regional market in North America is expected to be growing at a CAGR of 10.63% during the forecasting years of 2019-2027.

High installation and maintenance cost of the microgrids is the point of concern. Since the high cost associated with the installation and maintenance of microgrids hinder the adoption of this technology at a considerable extent that is expected to restrict the market growth. Although, the government investments supporting the development of the new microgrid platform in the North American market is primarily responsible for the progress of the microgrid platform.

Due to the presence of a considerable number of players in the microgrid market, it is expected that the intensity of bargaining power of buyer will be high. The eminent companies operating in the North American microgrid market are Fuelcell Energy Inc., S&C Electric Company, General Electric, Princeton Power Systems, Schneider Electric, Siemens AG, Exelon Corporation, Hitachi Ltd., Fairbanks Morse, Eaton Corporation PLC, Power Engineers Incorporated, Duke Energy Corporation, National Grid, ABB Ltd. and NRG 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. NORTH AMERICA
    • UNITED STATES
    • CANADA
  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. NORTH AMERICA MICROGRID MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

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

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

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

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

TABLE 6. OPPORTUNITY MATRIX

TABLE 7. VENDOR LANDSCAPE

TABLE 8. LEGAL, POLICY & REGULATORY FRAMEWORK

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

LIST OF FIGURES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 16. PORTER’S FIVE FORCE ANALYSIS

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

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

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

  1. NORTH AMERICA
    • UNITED STATES
    • CANADA
  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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