Market by Utilization Type, Component, Connectivity, Industry Vertical, and Country Outlook | Forecast 2022-2028
Triton Market Research’s report infers that the Asia-Pacific microgrid market is expected to progress with a compound annual growth rate of 11.04% during the forecast period 2022-2028.
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The
countries considered in the region are:
•
Japan
•
South Korea
•
India
•
China
•
ASEAN Countries
•
Australia & New Zealand
•
Rest of Asia-Pacific
In
the region, China secures the major shares in the microgrid market. The rise in population base across the region
has resulted in high electricity demand. As a result, governments are investing
heavily to boost the adoption of microgrids. Several nations lack reliable
utility grid infrastructure, which has further increased the need and demand
for microgrids. The collaboration between government bodies, international
development agencies, and energy companies is set to drive the studied market’s
growth significantly over the forecast period.
In China, the electrical industry is the largest
CO2 contributor. Estimates indicate the emission levels to surge significantly,
owing to the rise in electricity demand. In this regard, microgrids have become
popular as the nation undergoes rapid industrialization and urbanization. The
country also faces the issue of exhaustion of energy resources and
environmental degradation, which is expected to augment the deployment of
microgrids. Therefore, these factors are driving the studied market’s growth.
Japan, on the other hand, is developing a
community with decentralized energy on account of various natural disasters.
For instance, power outages due to the Great East Japan Earthquake highlighted
the electric power system’s shortcomings, mainly relying on large-scale power
networks. Thus, the rising focus on developing the electric power system is
estimated to fuel the microgrid market’s progression.
Grid connected microgrids are deployed as
independent networks with many characteristics of a conventional electricity
grid, such as generators and storage. They are not dependent on the main grid
but can be used as a backup. The market’s
growth is assessed based on connectivity, industry vertical, component, and
utilization type. The connectivity segment is bifurcated into grid
connected and island grid.
The
prominent companies in the market include Hitachi Ltd, Duke Energy Corporation,
Schneider Electric, and Exelon Corporation.
Hitachi Ltd is engaged in offering IT systems, social infrastructure and industrial systems, automotive systems, electronic equipment, and smart life systems, among others. It also offers system integration, cloud services, servers, ATMs, storage, and telecommunication products. Its product line includes grid-connected microgrids including solar energy resources. Hitachi has operations across the globe, with headquarters based in Tokyo, Japan.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the microgrid market revenue growth in the Asia-Pacific and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the APAC
microgrid market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
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)
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)