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Report
Asia-Pacific Microgrid Market Forecast 2022-2030
Market Report I 2022-08-23 I 145 Pages I Inkwood Research
KEY FINDINGS
The Asia-Pacific microgrid market is projected to grow with a CAGR of 11.32% during the forecasting years, 2022 to 2030. Some of the major aspects propelling the regional market's growth are extreme weather events like typhoons and hurricanes, the shortage of a reliable utility grid infrastructure, and low electrification rates.
MARKET INSIGHTS
The Asia-Pacific microgrid market growth assessment encompasses the evaluation of China, India, Indonesia, South Korea, Australia & New Zealand, Thailand, Vietnam, Japan, and Rest of Asia-Pacific. India has installed solar microgrids with the potential to produce around 2 MW of electricity. Through the distribution of energy to remote Tier 2 as well as Tier 3 locations, microgrids can also boost the Indian economy by fostering the expansion of small and medium-sized businesses. Aligning with this, the installation of solar microgrids in Ladakh's remote Himalayan regions in less than two years has significantly augmented tourism earnings by approximately $24,000 annually.
On the other hand, in South Korea, numerous microgrid enterprises are presently being developed by the local government, private businesses, utilities, as well as people utilizing advanced business models based on utility regulations and government policies. Furthermore, as part of its commitment to the 2015 Paris Climate Change Agreement, the nation's government also aims to install up to 63.8 GW of renewable energy, accounting for 20% of South Korea's generation. Therefore, the abovementioned factors are set to play a pivotal role in propelling the microgrid market in the Asia-Pacific during the forecast years.
COMPETITIVE INSIGHTS
Leading players operating in the market are CleanGrid Partners Pte Ltd, Hitachi Ltd, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASING CONSUMPTION OF ELECTRICITY
3.1.2. RISE IN CLEAN ENERGY INTEGRATION
3.1.3. MITIGATION OF SEVERE WEATHER USING MICROGRIDS
3.2. KEY RESTRAINTS
3.2.1. EXPENSIVE MAINTENANCE & INSTALLATION OF MICROGRIDS
3.2.2. REGULATORY FRAMEWORK HURDLES FOR MICROGRIDS
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON MICROGRID MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
4.7. KEY BUYING CRITERIA
4.7.1. COST EFFICIENCY
4.7.2. PRODUCT FEATURES
4.7.3. END-USE
4.8. REGULATORY FRAMEWORK
5. MARKET BY TYPE
5.1. GRID CONNECTED
5.2. OFF-GRID
6. MARKET BY OFFERING
6.1. HARDWARE
6.1.1. POWER GENERATORS
6.1.2. CONTROLLERS
6.1.3. ENERGY STORAGE
6.2. SOFTWARE
6.3. SERVICES
7. MARKET BY CONSUMPTION PATTERN
7.1. SEMI-URBAN
7.2. URBAN/METROPOLITAN
7.3. RURAL/ISLAND
8. MARKET BY END-USER
8.1. COMMERCIAL & INDUSTRIAL
8.2. HEALTHCARE
8.3. EDUCATION
8.4. MILITARY
8.5. GOVERNMENT & UTILITIES
8.6. OTHER END-USERS
9. GEOGRAPHICAL ANALYSIS
9.1. ASIA-PACIFIC
9.1.1. MARKET ESTIMATES & SIZES
9.1.2. KEY GROWTH ENABLERS
9.1.3. KEY CHALLENGES
9.1.4. KEY PLAYERS
9.1.5. COUNTRY ANALYSIS
9.1.5.1. CHINA
9.1.5.2. JAPAN
9.1.5.3. INDIA
9.1.5.4. SOUTH KOREA
9.1.5.5. INDONESIA
9.1.5.6. THAILAND
9.1.5.7. VIETNAM
9.1.5.8. AUSTRALIA & NEW ZEALAND
9.1.5.9. REST OF ASIA-PACIFIC
10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGERS & ACQUISITIONS
10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
10.1.3. PARTNERSHIPS & AGREEMENTS
10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
10.2. COMPANY PROFILES
10.2.1. BLOOM ENERGY
10.2.2. CUMMINS INC
10.2.3. DUKE ENERGY CORPORATION
10.2.4. EATON CORPORATION PLC
10.2.5. EXELON CORPORATION
10.2.6. FAIRBANKS MORSE
10.2.7. FUELCELL ENERGY INC
10.2.8. GENERAL ELECTRIC COMPANY
10.2.9. HITACHI LTD
10.2.10. NATIONAL GRID PLC
10.2.11. NRG ENERGY INC
10.2.12. POWER ENGINEERS INCORPORATED
10.2.13. S&C ELECTRIC
10.2.14. SCHNEIDER ELECTRIC SE
10.2.15. SIEMENS AG
LIST OF TABLES
TABLE 1: ASIA-PACIFIC MARKET SNAPSHOT - MICROGRID
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: ASIA-PACIFIC MICROGRID MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC MICROGRID MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC MICROGRID MARKET, BY OFFERING, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC MICROGRID MARKET, BY OFFERING, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC MICROGRID MARKET, BY CONSUMPTION PATTERN, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC MICROGRID MARKET, BY CONSUMPTION PATTERN, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC MICROGRID MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC MICROGRID MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC MICROGRID MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC MICROGRID MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: LEADING PLAYERS OPERATING IN ASIA-PACIFIC MICROGRID MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, 2018-2020
FIGURE 3: PORTER'S FIVE FORCES ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: ASIA-PACIFIC MICROGRID MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 9: ASIA-PACIFIC MICROGRID MARKET, BY GRID CONNECTED, 2022-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC MICROGRID MARKET, BY OFF-GRID, 2022-2030 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC MICROGRID MARKET, GROWTH POTENTIAL, BY OFFERING, IN 2021
FIGURE 12: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC MICROGRID MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 14: ASIA-PACIFIC MICROGRID MARKET, BY POWER GENERATORS, 2022-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC MICROGRID MARKET, BY CONTROLLERS, 2022-2030 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC MICROGRID MARKET, BY ENERGY STORAGE, 2022-2030 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC MICROGRID MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC MICROGRID MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC MICROGRID MARKET, GROWTH POTENTIAL, BY CONSUMPTION PATTERN, IN 2021
FIGURE 20: ASIA-PACIFIC MICROGRID MARKET, BY SEMI-URBAN, 2022-2030 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC MICROGRID MARKET, BY URBAN/METROPOLITAN, 2022-2030 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC MICROGRID MARKET, BY RURAL/ISLAND, 2022-2030 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC MICROGRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 24: ASIA-PACIFIC MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2030 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC MICROGRID MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC MICROGRID MARKET, BY EDUCATION, 2022-2030 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC MICROGRID MARKET, BY MILITARY, 2022-2030 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2030 (IN $ MILLION)
FIGURE 29: ASIA-PACIFIC MICROGRID MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)
FIGURE 30: ASIA-PACIFIC MICROGRID MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN%)
FIGURE 31: CHINA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 32: JAPAN MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 33: INDIA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 34: SOUTH KOREA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 35: INDONESIA MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 36: THAILAND MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: VIETNAM MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 38: AUSTRALIA & NEW ZEALAND MICROGRID MARKET, 2022-2030 (IN $ MILLION)
FIGURE 39: REST OF ASIA-PACIFIC MICROGRID MARKET, 2022-2030 (IN $ MILLION)
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