Asia-pacific Microgrid Market 2022-2028

Asia-pacific Microgrid Market 2022-2028

MARKET OUTLOOK

Triton’s report on the Asia-Pacific microgrid market insinuates that the market is assessed to advance with a compound annual growth rate of 11.04% during the forecast period 2022-2028. Australia, Japan, China, India, ASEAN countries, South Korea, and Rest of Asia-Pacific are countries studied in the APAC region.

India has installed solar microgrids that produce about 2MW of electricity. These grids have shown the potential to boost the operations of small and medium-sized businesses. For instance, the installation of solar grids in Ladakh has soared tourism earnings significantly over the past few years. Further, companies like Tata Power and Rockefeller Foundation plan to invest significantly to support the construction of microgrids. Therefore, the rising need for power distribution and investments are propelling the microgrid market on a growth path.

In South Korea, several R&D initiatives have been undertaken pertaining to microgrids. As Jeju Test Bed, numerous government-led smart grid experiments have been undertaken since 2009, with an aim to demonstrate the technology’s viability. Moreover, these experiments aim to test grid stabilization using microgrid technology, creating business models. The rising initiatives are expected to elevate the demand for microgrids, thereby opening new avenues for the microgrid market.

COMPETITIVE OUTLOOK

The leading companies in the microgrid market consist of Hitachi Ltd, Duke Energy Corporation, Fairbanks Morse, National Grid Plc, and NRG Energy Inc.


1. Asia-pacific Microgrid Market - Summary
2. Industry Outlook
2.1. Impact Of Covid-19 On The Microgrid Market
2.2. Key Insights
2.2.1. Growing Use Of Microgrids In Solar Energy
2.2.2. Increase In Smart Cities Initiatives
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Product Launches
2.6.2. Collaborations
2.6.3. Business Divestitures
2.6.4. Acquisitions
2.7. Market Drivers
2.7.1. Combating Power Outages During Severe Weather Using Microgrids
2.7.2. Growing Electricity Consumption Worldwide
2.8. Market Challenges
2.8.1. Hurdles Posed By Regulatory Framework
2.8.2. High Maintenance And Installation Of Microgrids
2.9. Market Opportunities
2.9.1. Rising Use Of Internet Of Things (Iot) In Microgrids
2.9.2. Rise In Clean Energy Integration By Government And Private Sector
3. Asia-pacific Microgrid Market Outlook - By Utilization Type
3.1. Metropolitan
3.2. Semi-urban
3.3. Rural
4. Asia-pacific Microgrid Market Outlook - By Component
4.1. Hardware
4.1.1. Power Generators
4.1.2. Energy Storage
4.1.3. Controllers
4.2. Software
4.3. Services
5. Asia-pacific Microgrid Market Outlook - By Connectivity
5.1. Grid Connected
5.2. Island Grid
6. Asia-pacific Microgrid Market Outlook - By Industry Vertical
6.1. Commercial & Industrial
6.2. Healthcare
6.3. Educational Institutions
6.4. Military & Defense
6.5. Government & Utilities
6.6. Other Industry Verticals
7. Asia-pacific Microgrid Market – Country Outlook
7.1. China
7.2. Japan
7.3. India
7.4. South Korea
7.5. Asean Countries
7.6. Australia & New Zealand
7.7. Rest Of Asia-pacific
8. Competitive Landscape
8.1. Hitachi Ltd
8.2. Schneider Electric
8.3. Duke Energy Corporation
8.4. Exelon Corporation
8.5. Siemens Ag
8.6. Fairbanks Morse
8.7. National Grid Plc
8.8. S&C Electric Company
8.9. Bloom Energy
8.10. Cummins Inc
8.11. Fuelcell Energy Inc
8.12. General Electric Company
8.13. Power Engineers Incorporated
8.14. Nrg Energy Inc
8.15. Eaton Corporation Plc
9. Research Methodology & Scope
9.1. Research Scope & Deliverables
9.2. Sources Of Data
9.3. Research Methodology
List Of Tables
Table 1: Asia-pacific Microgrid Market, By Country Outlook, 2022-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: List Of Product Launches
Table 4: List Of Collaborations
Table 5: List Of Business Divestitures
Table 6: List Of Acquisitions
Table 7: Asia-pacific Microgrid Market, By Utilization Type, 2022-2028 (In $ Million)
Table 8: Asia-pacific Microgrid Market, By Component, 2022-2028 (In $ Million)
Table 9: Asia-pacific Microgrid Market, By Hardware, 2022-2028 (In $ Million)
Table 10: Asia-pacific Microgrid Market, By Connectivity, 2022-2028 (In $ Million)
Table 11: Asia-pacific Microgrid Market, By Industry Vertical, 2022-2028 (In $ Million)
Table 12: Asia-pacific Microgrid Market, By Country Outlook, 2022-2028 (In $ Million)
List Of Figures
Figure 1: Renewable Electricity Generation, By Source, In 2018-2020
Figure 2: Market Attractiveness Index
Figure 3: Asia-pacific Microgrid Market, By Utilization Type, 2021 & 2028 (In %)
Figure 4: Asia-pacific Microgrid Market, By Metropolitan, 2022-2028 (In $ Million)
Figure 5: Asia-pacific Microgrid Market, By Semi-urban, 2022-2028 (In $ Million)
Figure 6: Asia-pacific Microgrid Market, By Rural, 2022-2028 (In $ Million)
Figure 7: Asia-pacific Microgrid Market, By Component, 2021 & 2028 (In %)
Figure 8: Asia-pacific Microgrid Market, By Hardware, 2022-2028 (In $ Million)
Figure 9: Asia-pacific Microgrid Market, By Hardware, 2021 & 2028 (In %)
Figure 10: Asia-pacific Microgrid Market, By Power Generators, 2022-2028 (In $ Million)
Figure 11: Asia-pacific Microgrid Market, By Energy Storage, 2022-2028 (In $ Million)
Figure 12: Asia-pacific Microgrid Market, By Controllers, 2022-2028 (In $ Million)
Figure 13: Asia-pacific Microgrid Market, By Software, 2022-2028 (In $ Million)
Figure 14: Asia-pacific Microgrid Market, By Services, 2022-2028 (In $ Million)
Figure 15: Asia-pacific Microgrid Market, By Connectivity, 2021 & 2028 (In %)
Figure 16: Asia-pacific Microgrid Market, By Grid Connected, 2022-2028 (In $ Million)
Figure 17: Asia-pacific Microgrid Market, By Island Grid, 2022-2028 (In $ Million)
Figure 18: Asia-pacific Microgrid Market, By Industry Vertical, 2021 & 2028 (In %)
Figure 19: Asia-pacific Microgrid Market, By Commercial & Industrial, 2022-2028 (In $ Million)
Figure 20: Asia-pacific Microgrid Market, By Healthcare, 2022-2028 (In $ Million)
Figure 21: Asia-pacific Microgrid Market, By Educational Institutions, 2022-2028 (In $ Million)
Figure 22: Asia-pacific Microgrid Market, By Military & Defense, 2022-2028 (In $ Million)
Figure 23: Asia-pacific Microgrid Market, By Government & Utilities, 2022-2028 (In $ Million)
Figure 24: Asia-pacific Microgrid Market, By Other Industry Verticals, 2022-2028 (In $ Million)
Figure 25: Asia-pacific Microgrid Market, By Country Outlook, 2021 & 2028 (In %)
Figure 26: China Microgrid Market 2022-2028 (In $ Million)
Figure 27: Japan Microgrid Market 2022-2028 (In $ Million)
Figure 28: India Microgrid Market 2022-2028 (In $ Million)
Figure 29: South Korea Microgrid Market 2022-2028 (In $ Million)
Figure 30: Asean Countries Microgrid Market 2022-2028 (In $ Million)
Figure 31: Australia & New Zealand Microgrid Market 2022-2028 (In $ Million)
Figure 32: Rest Of Asia-pacific Microgrid Market 2022-2028 (In $ Million)

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