Microgrid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022



A microgrid refers to a local energy grid which has control capability and can operate independently by disconnecting from the main grid. These grids can provide backup for the main grid in case of emergencies as well as can connect to a small local resource. The energy resources are mostly renewable energy generators, such as solar panels and wind turbines, which are too small or unreliable for traditional grid use. Microgrids can also be helpful for a community to prepare for emergency situations such as power outages by providing a source of backup when the main grid goes down. Additionally, microgrids are known to drastically reduce losses and carbon footprints. According to IMARC Group’s latest report, titled “Microgrid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global microgrid market reached a value of US$ 15.3 Billion in 2016.

The growing need for better power systems as opposed to the traditional power systems represents the key factor driving the global microgrid market. Numerous countries are now focusing on improving their grid infrastructure on account of constantly rising energy cost, aging infrastructure, mass electrification, and climatic changes. Moreover, the usage of microgrid systems is increasing in order to reduce the significant amount of energy that is lost during transmission and distribution in the conventional electricity production. Owing to the abovementioned factors, the market is expected to reach a value of more than US$ 30 Billion by 2022, exhibiting a CAGR of around 12% during 2017-2022.

Microgrid Market

The report has segmented the market on the basis of energy source including natural gas, combined heat and power, Solar Photovoltaic (PV), and diesel. Based on the applications, remote systems represent the largest segment, followed by institutional and campus, utility/community, defense, and others. Region-wise, North America is the leading market, holding the majority of the global share. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America. The report has also analysed the competitive landscape of the market with some of the key global players being Lockheed Martin, ABB Ltd., General Electric, Eaton Corporation and Siemens.

This report provides a deep insight into the global microgrid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the microgrid industry in any manner.


Key Questions Answered in This Report:

  • How has the global microgrid market performed so far and how will it perform in the coming years?
  • What are the key regions in the global microgrid market?
  • What are the key application segments in the global microgrid market?
  • Which are the major energy sources in the global microgrid market?
  • What are the various stages in the value chain of the global microgrid market?
  • What are the key driving factors and challenges in the global microgrid market?
  • What is the structure of the global microgrid market and who are the key players?
  • What is the degree of competition in the global microgrid market?
  • How are microgrids manufactured?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Microgrid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Application
    5.4    Market Breakup by Region
    5.5    Market Forecast
    5.6    SWOT Analysis
        5.6.1    Overview
        5.6.2    Strengths
        5.6.3    Weaknesses
        5.6.4    Opportunities
        5.6.5    Threats
    5.7    Value Chain Analysis
        5.7.1    Overview
        5.7.2    Research and Development
        5.7.3    Raw Material Procurement
        5.7.4    Manufacturing
        5.7.5    Marketing
        5.7.6    Distribution
        5.7.7    End-Use
    5.8    Porters Five Forces Analysis
        5.8.1    Overview
        5.8.2    Bargaining Power of Buyers
        5.8.3    Bargaining Power of Suppliers
        5.8.4    Degree of Competition
        5.8.5    Threat of New Entrants
        5.8.6    Threat of Substitutes
6    Market Breakup by Energy Source
    6.1    Natural Gas
    6.2    Combined Heat and Power
    6.3    Solar Photovoltaic (PV)
    6.4    Diesel
    6.5    Fuel Cell
7    Market Breakup by Application
    7.1    Remote Systems
    7.2    Institution and Campus
    7.3    Utility/Community
    7.4    Defense
    7.5    Others
8    Market Breakup by Region
    8.1    North America
    8.2    Asia Pacific
    8.3    Europe
    8.4    Middle East and Africa
    8.5    Latin America
9    Microgrid Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    Lockheed Martin
            10.3.1.1    Company Overview
            10.3.1.2    Description
            10.3.1.3    Product Portfolio
            10.3.1.4    Financials
            10.3.1.5    SWOT Analysis
        10.3.2    ABB Ltd
            10.3.2.1    Company Overview
            10.3.2.2    Description
            10.3.2.3    Product Portfolio
            10.3.2.4    Financials
            10.3.2.5    SWOT Analysis
        10.3.3    General Electric
            10.3.3.1    Company Overview
            10.3.3.2    Description
            10.3.3.3    Product Portfolio
            10.3.3.4    Financials
            10.3.3.5    SWOT Analysis
        10.3.4    Eaton Corporation
            10.3.4.1    Company Overview
            10.3.4.2    Description
            10.3.4.3    Product Portfolio
            10.3.4.4    Financials
            10.3.4.5    SWOT Analysis
        10.3.5    Siemens
            10.3.5.1    Company Overview
            10.3.5.2    Description
            10.3.5.3    Product Portfolio
            10.3.5.4    Financials
            10.3.5.5    SWOT Analysis


List of Figures

Figure 1: Global: Microgrid Market: Major Drivers and Challenges
Figure 2: Global: Microgrid Market: Sales Value (in Billion US$), 2009-2016
Figure 3: Global: Microgrid Market: Breakup by Application (in %), 2016
Figure 4: Global: Microgrid Market: Breakup by Region (in %), 2016
Figure 5: Global: Microgrid Market Forecast: Sales Value (in Billion US$), 2017-2022
Figure 6: Global: Microgrid Industry: SWOT Analysis
Figure 7: Global: Microgrid Industry: Value Chain Analysis
Figure 8: Global: Microgrid Industry: Porter’s Five Forces Analysis
Figure 9: Global: Microgrid Market: Natural Gas: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 10: Global: Microgrid Market: Combined Heat and Power: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 11: Global: Microgrid Market: Solar Photovoltaic (PV) : Sales Value (in Million US$), 2009, 2016 & 2022
Figure 12: Global: Microgrid Market: Diesel: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 13: Global: Microgrid Market: Fuel Cell: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 14: Global: Microgrid Market (Applications in Remote Systems): Sales Value (in Million US$), 2009, 2016 & 2022
Figure 15: Global: Microgrid Market (Applications in Institution and Campus): Sales Value (in Million US$), 2009, 2016 & 2022
Figure 16: Global: Microgrid Market (Applications in Utility/Community): Sales Value (in Million US$), 2009, 2016 & 2022
Figure 17: Global: Microgrid Market (Applications in Defense): Sales Value (in Million US$), 2009, 2016 & 2022
Figure 18: Global: Microgrid Market (Other Applications): Sales Value (in Million US$), 2009, 2016 & 2022
Figure 19: North America: Microgrid Market: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 20: Asia Pacific: Microgrid Market: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 21: Europe: Microgrid Market: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 22: Middle East and Africa: Microgrid Market: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 23: Latin America: Microgrid Market: Sales Value (in Million US$), 2009, 2016 & 2022
Figure 24: Microgrid Manufacturing: Process Flow


List of Tables

Table 1: Global: Microgrid Market: Key Industry Highlights, 2016 and 2022
Table 2: Global: Microgrid Market Forecast: Breakup by Energy Source (in Million US$), 2017-2022
Table 3: Global: Microgrid Market Forecast: Breakup by Application (in Million US$), 2017-2022
Table 4: Global: Microgrid Market Forecast: Breakup by Region (in Million US$), 2017-2022
Table 5: Microgrid: Raw Material Requirements
Table 6: Global: Microgrid Market Structure
Table 7: Global: Microgrid Market: Key Players


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