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Report
India Microgrid Market Forecast 2022-2028
Market Report I 2022-08-23 I 105 Pages I Inkwood Research
KEY FINDINGS
The India microgrid market is projected to record a CAGR of 12.22% during the forecast period, 2022-2028. The growing efforts to increase access to electricity and minimize fuel costs are among the leading growth drivers of the microgrid market in India.
MARKET INSIGHTS
Historically, microgrids have been used in India to facilitate dependable access to rural areas. Currently, the country has solar microgrids that can generate around 2 MW of electricity. These have the potential to boost the economic prospects of the country by facilitating the expansion of small and medium-sized businesses through energy distribution to remote Tier 3 and Tier 2 locations. For instance, the solar microgrid installations in the remote Himalayan regions of Ladakh have raised tourism revenue by $24000 yearly in less than two years.
Further, India has a 375 GW power generation capacity, with coal comprising around 70% of the capacity. In addition, investments, collaborations, and projects by market players are set to enable market growth opportunities. For instance, the Rockefeller Foundation and Tata Power partnered to build 10,000 microgrids by 2026. Also, the project aims to provide irrigation to over 400,000 local farmers, aid 100,000 rural companies, and offer 10,000 new green jobs. Moreover, in 2022, IElectrix inaugurated another microgrid project bringing together an energy management system, a smart transformer, battery storage, and solar photovoltaic technology.
COMPETITIVE INSIGHTS
Some of the key firms operating in the India microgrid market include Hitachi Ltd, Eaton Corporation Plc, Exelon Corporation, 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. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. KEY GROWTH ENABLERS
2.5. KEY CHALLENGES
3. KEY ANALYTICS
3.1. IMPACT OF COVID-19 ON MICROGRID MARKET
3.2. PESTLE ANALYSIS
3.3. KEY MARKET TRENDS
3.4. PORTER'S FIVE FORCES ANALYSIS
3.4.1. BUYERS POWER
3.4.2. SUPPLIERS POWER
3.4.3. SUBSTITUTION
3.4.4. NEW ENTRANTS
3.4.5. INDUSTRY RIVALRY
3.5. OPPORTUNITY MATRIX
3.6. VENDOR LANDSCAPE
3.7. VALUE CHAIN ANALYSIS
3.8. KEY BUYING CRITERIA
3.8.1. COST EFFICIENCY
3.8.2. PRODUCT FEATURES
3.8.3. END-USE
3.9. REGULATORY FRAMEWORK
4. MARKET BY TYPE
4.1. GRID CONNECTED
4.2. OFF-GRID
5. MARKET BY OFFERING
5.1. HARDWARE
5.1.1. POWER GENERATORS
5.1.2. CONTROLLERS
5.1.3. ENERGY STORAGE
5.2. SOFTWARE
5.3. SERVICES
6. MARKET BY CONSUMPTION PATTERN
6.1. SEMI-URBAN
6.2. URBAN/METROPOLITAN
6.3. RURAL/ISLAND
7. MARKET BY END-USER
7.1. COMMERCIAL & INDUSTRIAL
7.2. HEALTHCARE
7.3. EDUCATION
7.4. MILITARY
7.5. GOVERNMENT & UTILITIES
7.6. OTHER END-USERS
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. MERGERS & ACQUISITIONS
8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.3. PARTNERSHIPS & AGREEMENTS
8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
8.2.1. EATON CORPORATION PLC
8.2.2. EXELON CORPORATION
8.2.3. GENERAL ELECTRIC COMPANY
8.2.4. HITACHI LTD
8.2.5. SCHNEIDER ELECTRIC SE
8.2.6. SIEMENS AG
8.2.7. TOSHIBA CORPORATION
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - MICROGRID
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: INDIA MICROGRID MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: INDIA MICROGRID MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 5: INDIA MICROGRID MARKET, BY OFFERING, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: INDIA MICROGRID MARKET, BY OFFERING, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 7: INDIA MICROGRID MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: INDIA MICROGRID MARKET, BY HARDWARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 9: INDIA MICROGRID MARKET, BY CONSUMPTION PATTERN, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: INDIA MICROGRID MARKET, BY CONSUMPTION PATTERN, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 11: INDIA MICROGRID MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: INDIA MICROGRID MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 13: LIST OF MERGERS & ACQUISITIONS
TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 16: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, 2018-2020
FIGURE 3: PESTLE ANALYSIS
FIGURE 4: PORTER'S FIVE FORCES ANALYSIS
FIGURE 5: OPPORTUNITY MATRIX
FIGURE 6: VENDOR LANDSCAPE
FIGURE 7: VALUE CHAIN ANALYSIS
FIGURE 8: KEY BUYING CRITERIA
FIGURE 9: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 10: INDIA MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 11: INDIA MICROGRID MARKET, BY OFF-GRID, 2022-2028 (IN $ MILLION)
FIGURE 12: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY OFFERING, IN 2021
FIGURE 13: INDIA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 15: INDIA MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 16: INDIA MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 17: INDIA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 18: INDIA MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 19: INDIA MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 20: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY CONSUMPTION PATTERN, IN 2021
FIGURE 21: INDIA MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 22: INDIA MICROGRID MARKET, BY URBAN/METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 23: INDIA MICROGRID MARKET, BY RURAL/ISLAND, 2022-2028 (IN $ MILLION)
FIGURE 24: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 25: INDIA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 26: INDIA MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 27: INDIA MICROGRID MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)
FIGURE 28: INDIA MICROGRID MARKET, BY MILITARY, 2022-2028 (IN $ MILLION)
FIGURE 29: INDIA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 30: INDIA MICROGRID MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
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