MICROGRID MARKET
Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Introduction Report Description The Global Microgrid market was sized near USD X.X billion in 2016. Micro grid is a limited group of electricity sources and loads that normally operates when connected to synchronous traditional centralized electrical grid. The modular nature of micro grids could make the main grid less liable to local disaster. A micro grid can effectively incorporate various sources of distributed generation (DG), especially Renewable Energy Sources (RES), and can supply emergency power, changing between island and connected modes. During micro grid operations, connections to the larger, bulk transmission system are disconnected and only local, smaller, often distributed, generation sources are utilized. Micro grids can be projected as back-up power or to strengthen the main power grid during periods of heavy demand. The rapid industrial developments in the BRIC countries is one of the crucial factors promoting the growth in the microgrid market worldwide. This report estimates the market size of microgrid market in terms of value (USD million) over the period of 2016 to 2024.The year 2017 is considered to be a base year, and 2018 to 2024 is considered to be a forecast period. Moreover, the market sizes for microgrid market in numerous application is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global microgrid market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of microgrid market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region.
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Microgrid market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the global Microgrid market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE MICROGRID MARKET SEGMENTATION
MICROGRID MARKET
By Power
Natural Gas CHP Solar PV Diesel Fuel Cell Others
By Product Remote Grid connected Hybrid
By Application
Government Education Commercial Utility Defense Others
By Regions
North America Europe Asia Pacific RoW
The report on global microgrid market covers segments such as power, product, and application. The power segments include natural gas, CHP, solar PV, diesel, fuel cell, and © Infinium Global Research
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
others. On the basis of product the global microgrid market is categorized into remote, grid connected, and hybrid. Furthermore, on the basis of application the microgrid market is segmented as government, education, commercial, utility, defence, and other. Research Methodology Meth odol ogy
Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the microgrid market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Resear ch Methodo log y: An Outlin e
Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH © Infinium Global Research
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH
Arriving at Global Market Size
Market Share of Key Players
Key Market Players
Arriving at Regional/Country Market Size
Accumulation of the country level market size (value) Regional market size of microgrid and its power, product and application
Segment revenue of the key players Country level market size by power, product and application (value)
Identifying key players in the microgrid market
Accumulation of the regional/country market size (value) Global market size of power, product and application
RESEARCH APPROACHES- TOP-DOWN Global Market
Global market size of microgrid market Value for 2016 to 2024
% breakdown by market segments by power, product and application Value for 2016 and 2024
Regional market size of the microgrid market (value) Regional market size of power, product and application
Country level market size of the microgrid market in every region (value) Country level market size of power, product and application in every region
Market Segments
Determine the Regional Market Size Country Level Market Sizing
TOP-DOWN APPROACH
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The study on global microgrid market provides deep insights into the trends and opportunities in the market for the forecast period 2018 to 2024. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global microgrid market. The estimates in the global microgrid market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of microgrid market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the Power and Product. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES
Infinium's Data Bank/ Know How
Top executives of end-use industries Intermediaries
C-level executives in the leading manufacturing products of microgrid. Product managers Sales managers Industry consultants Distributors/Suppliers
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Industry Publications Government Agencies' Publications Industry news Data sources Others
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Company Publication
Supply Side
Primary Research
General Publications
Demand Side
PRIMARY SOURCES
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The market size of microgridis determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the microgrid market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the microgrid market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the microgrid market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of microgrid. With the help of primary interviews and secondary research the market size of microgridis determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of microgridin the world market. Executive Summary Global Microgrid Market Highlights, (USD Million) The global microgrid market is expected to grow at a CAGR of 16.5 % between 2018 and 2024 in terms of value. The global microgrid market is projected to grow from USD xxxx.x million in 2016 to USD xxxxx.x million in 2024.The growth in the market is driven by factors such as low cost associated with the microgrid, reduced carbon footprint, and favourable government initiatives. To balance the load on central grid system there is growing concern regarding security of supply coupled with regulatory inclinations. As lead acid batteries are used in micro grid manufacturing so stringent government laws have been made pertaining to harmful emissions that may restrain the growth of market. Moreover, ongoing distribution of distributed power generating plants will further encourage the industry outlook is the key opportunity for the players in the micro grid market. Among the power sources combined heat and power (CHP) segment accounted for largest market share over the past couple of years. This segment accounted for 3X.X% share in Š Infinium Global Research
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
2016 and this trend is likely to continue over the forecast period. The Fuel cell followed by Solar PV segment is anticipated to grow at the highest CAGR over the forecast period. Among the regions, North America region along accounted for nearly 70% of the global microgrid market revenue in terms of value in 2015 and 2016. The rapid growth in government usages in emerging markets of Asia-pacific is likely to drive the growth in the region at the swiftest CAGR over the forecast period. Among the product hybrid micro grid market share is set to witness strong growth on account of simplicity of compatibility with AC, DC grid and supportable energy technologies. Due to adoption of such technologies will further drive the micro grid market. Among the applications education dominated the micro grid market .As the government spending towards the improvement of education infrastructure for ensuring school education in rural areas is rising the demand for micro-grid market. The developing countries including India and china is also expected to have the positive impact. GLOBAL MICROGRID MARKET, 2016 - 2024 (USD MILLION)
2016
2017
2018
2019
2020
2021
2022
2023
2024
Value
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL MICROGRID MARKET, CAGR (USD MN) GROWTH BY REGIONS (2018 – 2024)
X.X
X.X
2018
2024
X.X
X.X
2018
2024 X.X
2018
X.X
2024
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2018 – 2024. Market Overview & Competitiveness DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global microgrid market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the microgrid market. Drivers refer to the factors that are expected to drive or boost the market size or demand for microgrid. The analysis involves identification of both demand side and supply side
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
factors that drive the demand as well as environmental factor that favour the market conditions for growth of microgrid market both in short run and long run. DRIVERS OF MICROGRID MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
LOW
RESTRAINTS OF MICROGRID MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS Restraint 1
Restraint 2
HIGH
MEDIUM
LOW
IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers © Infinium Global Research
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size. GLOBAL MICROGRID MARKET BY POWER, 2017- 2024 (REVENUE % SHARE) 2017
2024
Natural Gas
CHP
Solar PV
Diesel
Fuel Cell
Others
Get 15% discount for early purchase of Global Microgrid Market report by clicking the following link, Use code IGRD15 to request the discount in the given form @ https://www.infiniumglobalresearch.com/reports/request-discount/1156
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL MICROGRID MARKET BY POWER, 2016- 2024 (USD MILLION)
2016
2017 Natural Gas
2018 CHP
Solar PV
Diesel
Fuel Cell
2024
Others
GLOBALNATURAL GASMARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
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2018 Europe
Asia-Pacific
2024
RoW
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL CHPMARKET BY REGIONS, 2016- 2024 (USD MILLION)
2016
2017 North America
2018 Europe
Asia-Pacific
2024
RoW
GLOBAL SOLAR PVMARKET BY REGIONS, 2016- 2024 (USD MILLION)
2016
2017 North America
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2018 Europe
Asia-Pacific
2024
RoW
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL DIESELMARKET BY REGIONS, 2016- 2024 (USD MILLION)
2016
2017 North America
2018 Europe
Asia-Pacific
2024
RoW
GLOBAL FUEL CELL MARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
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2018 Europe
Asia-Pacific
2024
RoW
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL OTHERSMARKET BY REGIONS, 2016- 2024 (USD MILLION)
2016
2017 North America
2018 Europe
Asia-Pacific
2024
RoW
GLOBAL MICROGRID MARKET BY REGION, 2017- 2024 (REVENUE % SHARE)
2017
2024
North America
Europe
Asia-Pacific
RoW
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Microgrid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Company Profiling Siemens AG Company Snapsh ot
Siemens AG CONTACT DETAILS: Address: Werner-von-Siemens-Straße 1 80333 Munich Germany Tele: +49 (69) 797 6660 Website: https://www.siemens.com
KEY FEATURES: No. of Employees: xx No. of countries of operation: xx
SWOT ANALYSIS: STRENGHTS Sample text Sample text
OPPORTUNITIES Sample text Sample text
WEAKNESS Sample text Sample text
THREATS Sample text Sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3
Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-microgrid-market © Infinium Global Research
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