Growing Opportunity in the Global Microgrid Market

Decreasing Costs and Technological Advancements of Decentralised Power and Storage Drives New Market Growth

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“Microgrid” is the new buzzword amidst the rise of distributed energy resources and battery energy storage systems. Significant price declines in both distributed renewable power and battery technologies, coupled with more technological advancements in control and energy management systems, have created a vision of reliable, efficient, renewable, and "islandable" grid networks embedded with advanced smart grid technologies. To provide an understanding of the nuances of the global market, this study will provide clarity on market drivers for different applications and geographic markets; policies governing microgrid orientation and interaction with the central grid and bordering microgrids; and multiple business models relating to the unique regulatory, economic, topographical, social, and technological environments in which they are developed.

Table of Contents

1. Executive Summary
Key Findings
Market Engineering Measurements
CEO’s Perspective
Key Metrics, Global, 2015
Associated Multimedia and Related Research
2. Market Overview
Introduction
Microgrid Addressable Market, Global, 2015
Market Segmentation
3. Market Definitions
Microgrid Application Segmentation
4. Drivers and Restraints—Total Microgrid Market
Market Drivers
Increasing focus on renewables and DER integration
Unreliable power quality and power shortages
Efficiency improvements
Governmental support and policies
Rural/island electrification
Market Restraints
Lack of standardisation
Availability of funding
Policy restraints
Limited market need/readiness
5. Forecasts and Trends—Total Microgrid Market
Market Engineering Measurements
Revenue Forecast by Region
Revenue by Application Segment
Revenue Forecast by Application Segment
6. Market Segmentation and Regional Analysis
Segmentation and Metrics by Region
Regional Analysis
7. North America
Microgrid Market Attractiveness
Market Drivers North America, 2016–2022
Increasing focus on renewables and DER integration
Unreliable power quality and power shortages
Efficiency improvements
Government support and policies
Rural/island electrification
Market Restraints, North America, 2016–2022
Lack of standardisation
Policy restraints
Availability of funding
Limited market need/readiness
Supporting Policy—United States
The IEEE 1547 Series
Regional Microgrid Program Examples
Microgrid Regional Analysis
8. Europe
Microgrid Market Attractiveness
Market Drivers, Europe, 2016–2022
Rural/island electrification
Increasing focus on renewables and DER integration
Unreliable power quality and power shortages
Efficiency improvements
Government support and policies
Market Restraints, Europe, 2016–2022
Policy restraints
Limited market need/readiness
Lack of standardisation
Availability of funding
Market Drivers—European Union
Increasing Focus on Renewables and DER Integration
Island Electrification
Market Restraints—European Union
Lack of Standardization/Policy Restraints
Market Drivers—Russia
Unreliable Power Quality and Power Shortages
Market Restraints—Russia
Availability of Funding
Supporting Policy—European Union
Microgrid Regional Analysis
9. APAC
Microgrid Market Attractiveness
Market Drivers, APAC, 2016–2022
Rural/island electrification
Unreliable power quality and power shortages
Increasing focus on renewables and DER integration
Efficiency improvements
Government support and policies
Market Restraints, APAC, 2016–2022
Availability of funding
Land acquisition challenges and unskilled labour
Lack of standardisation
Market Drivers—China
Unreliable Power Quality and Power Shortages
Rural/island Electrification
Market Restraints—China
Limited Market Readiness
Supporting Policies—China
Market Drivers—India
Rural/Island Electrification
Unreliable Power Quality and Power Shortages
Market Restraints—India
Lack of Standardisation
Availability of Funding
Supporting Policies—India
Market Drivers—Australia
Rural/island Electrification
Efficiency Improvements (high electricity tariffs)
Market Restraints—Australia
High Grid Reliability
Supporting Policies—Australia
Market Drivers—Indonesia
Island Electrification
Market Restraints—Indonesia
Availability of Funding
Supporting Policies—Indonesia
Microgrid Regional Analysis
10. ROW
Microgrid Market Attractiveness
Market Drivers, ROW, 2016–2022
Rural/island electrification
Unreliable power quality and power shortages
Efficiency improvements
Increasing focus on renewables and DER integration
Government support and policies
Market Restraints, ROW, 2016–2022
Market Drivers—Africa, Latin America
Remote Electrification and Brownfield Hybrid Projects
Microgrid Regional Analysis
11. Business Model Analysis
Microgrid Business Models
Hybrid Model—Greatest Investment Flexibility While Mitigating Project Risks
Utilities and Microgrid Development
12. Microgrid Economics
Typical Microgrid Project Cost and Revenue Breakdown
Microgrid Projects—Fixed vs. Variable Costs
Lifetime Cost Breakdown of Small-Scale Microgrid System
Lifetime Cost Breakdown of Medium-Scale Microgrid System
Tariffs
Connection Fees, Grants and Subsidies
13. Competitor Analysis
Supplier Capability Matrix
Competitor Analysis
14. The Last Word
3 Big Predictions
Legal Disclaimer
15. Appendix
Market Engineering Methodology
Abbreviation List

Infographic



List of Figures & Charts

1. Total Microgrid Market: Market Engineering Measurements, Global, 2015


1. Total Microgrid Market: Market Engineering Measurements, Global, 2015
2. Total Microgrid Market: Segmentation by Technology Type, Global, 2015
3. Total Microgrid Market: Segmentation by Installation Size, Global, 2015
4. Total Microgrid Market: Revenue Forecast by Region, Global, 2015–2022
5. Total Microgrid Market: Revenue by Application Segment, Global, 2015
6. Total Microgrid Market: Revenue Forecast by Application Segment, Global, 2015–2022
7. Total Microgrid Market: Segmentation and Metrics by Region, Global, 2015
8. Total Microgrid Market: Attractiveness of Regional Markets, Global, 2015
9. Microgrid Market: Market Attractiveness, North America, 2015
10. Microgrid Market: Market Attractiveness, Europe, 2015
11. Microgrid Market: Growth in Renewable Energy Generation, European Union, 2005–2020
12. Microgrid Market: Revenue Forecast by Application Segment, Europe, 2015–2022
13. Microgrid Market: Market Attractiveness, APAC, 2015
14. Microgrid Market: Domestic Average Electricity Tariff Comparison, Global, 2014
15. Microgrid Market: Revenue Forecast by Application Segment, APAC, 2015–2022
16. Microgrid Market: Market Attractiveness, ROW, 2015
17. Microgrid Market: Revenue Forecast by Application Segment, ROW, 2015–2022
18. Microgrid Market: Average Fixed vs. Variable Cost for Small Scale System (3 systems of 70 kWp PV, 30 kVA diesel, 250 kWh C10 battery, 242 kWh/day production, 79% renewable fraction each), Global, 2015
19. Microgrid Market: Average Fixed vs. Variable Cost for Medium Scale System (3 systems of 700 kWp PV, 300 kVA diesel, 2.5 MWh C10 battery; 2420 kWh/day production, 79% renewable fraction each), Global, 2015
20. Total Microgrid Market: Cost Breakdown (3 systems of 70 kWp PV, 30 kVA diesel, 250 kWh C10 battery, 242 kWh/day production, 79% renewable fraction each), Global, 2015
21. Total Microgrid Market: Cost Breakdown (3 systems of 700 kWp PV, 300 kVA diesel, 2.5 MWh C10 battery; 2420 kWh/day production, 79% renewable fraction each), Global, 2015



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