Asia-Pacific (APAC) Microgrid Market

Asia-Pacific Microgrid Market Overview

Microgrids can be referred to as the small-scale version of general grids. In microgrids, locally produced energy is supplied straightaway to a group of users. It is a sub-system that is only connected to the general grid at a single point. When there is a power failure, this connection acts as a switch that allows the microgrid to disconnect from the public grid and operate in island mode. Island mode refers to an operation in power plants which are away from the national or local distribution network.

To have an edge over the competition by knowing the market dynamics and current trends of “Asia-Pacific Microgrid Market”, request for Sample Report here

Major Asia-Pacific Microgrid Market Drivers

The key factors driving the growth of the Asia-Pacific microgrid market is the growing demand for uninterrupted power supply and rapid industrialization. Governments are investing in this market to prevent environmental pollution and fulfil the increasing need for continuous electrification. The rise in industrial development in countries like China, India, and Japan, along with the supportive government measures to increase the implementation of renewable energy in grid connectivity is likely to drive the market growth. Various initiatives by governments such as ‘National Solar Mission’ of India, ‘China’s Thirteenth Five Year Plan for Electricity Development’, and ‘Sustainable Rooftop Implementation for Solar Transfiguration of India (SRISTI)’ has increased the growth of the Asia-Pacific Microgrid market.

Electricity has a high rate of contribution to the GDP of any country. Thus, the developing economies are inclining towards the solutions, which can provide them 100% electrification. Due to rising concerns related to energy security, countries are promoting the use of renewable sources to generate energy in their energy mix and have developed smart microgrid plans, with an aim to provide uninterrupted power supply in rural and semi-urban areas. There has also been some private funding for the implementation of microgrid, which is driving the growth of this market. On the contrary, the high cost of implementing the whole microgrid infrastructure, starting from the installation of communication systems to the structure of smart meters and their regular maintenance might restrain the growth of the Asia-Pacific microgrid market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the connectivity, the market is segmented into off-grid connected and grid connected. The grid connected segment is expected to grow at a higher CAGR over the forecast period owing to the rising concerns related to clean energy as grid connected microgrids have a less impact on the environment. Grid connected microgrids are connected to the main power grid, which acts as the main power supplier. Due to this, grid connected microgrids are more reliable in terms of power supply than off-grid connected microgrids. These factors propel the growth of the grid connected segment.

Based on end-use, the market is segmented into commercial & industrial, remote, government, utilities, institutes & campuses, military, and healthcare. The remote segment is projected to grow at a faster CAGR during the forecast period owing to the growing adoption of the microgrid in remote areas to reduce power-cut in these areas. Many people in remote areas are deprived of access to electricity due to the high cost of fossil fuels used to generate electricity and lack of transportation to provide resources in real-time. Different countries are taking initiatives to develop microgrid infrastructure to provide a cost-effective and clean power supply.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the countries, the Asia-Pacific microgrid market is segmented into China, India, Japan, and the rest of Asia-Pacific. India is expected to grow at a higher CAGR over the forecast period owing to the several initiatives taken by the government to provide uninterrupted access to electricity in rural and semi-urban areas. A large number of regions in India lack proper electricity infrastructure, which has surged the growth of cost-effective microgrid implementation in these areas to provide access to proper power supply for individuals in these areas. Several government initiatives to provide 100% electrification include ‘National Solar Mission’ and ‘Sustainable Rooftop Implementation for Solar Transfiguration of India (SRISTI)’, have propelled the growth of the microgrid market.

Key Developments: 

• • In 2020, Eaton announced its start on ground-breaking research on its HYPERRIDE (Hybrid Provision of Energy based on Reliability and Resiliency via integration of DC equipment) project. It will create new charging infrastructure as well as build circuit breakers for automated and optimized DC power systems.
  • In 2019, ABB announced a five-year contract with Austrian Power Grid (APG). This contract states that ABB will deliver gas insulated switchgear (GIS), which will improve the infrastructure to integrate electricity generated from more renewable resources gradually.
  • In 2019, Honeywell and NRStor announced an agreement to launch the Experion Energy Program, developing the largest behind-the-meter (BTM) energy storage deployment, which will deliver 300 MW of renewable energy storage systems.

The Asia-Pacific microgrid market has been segmented on the basis of connectivity, grid type, pattern, offering, end-use, and countries. Based on connectivity, the market is segmented into off-grid connected and grid connected. Based on grid type, the market is segmented into AC microgrids, DC microgrids, and hybrid microgrids. Based on pattern, the market is segmented into urban/metropolitan, semi-urban, rural/island. Based on offering, the market is segmented into hardware and software & services. The hardware segment is further segmented into power generators, energy storage systems, and controllers. Based on end-use, the market is segmented into commercial & industrial, remote, government, utilities, institutes & campuses, military, and healthcare. Based on countries, the market is segmented into China, India, Japan, and the rest of Asia-Pacific.

For detailed scope of the “Microgrid Market” report request a Sample Copy of the report

Market Segmentation:

Asia-Pacific Microgrid Market by Connectivity

• • Grid Connected
  • Off-Grid/Island

Asia-Pacific Microgrid Market by Grid Type

• • AC microgrid
  • DC microgrid
  • Hybrid microgrid

Asia-Pacific Microgrid Market by Patterns

• • Urban/Metropolitan
  • Semi-Urban
  • Rural/Island

Asia-Pacific Microgrid Market by Offering

• • Hardware
    • Power Generators
    • Energy Storage & Distributors
    • Controllers
  • Software & Services

Asia-Pacific Microgrid Market by End-Use

• • Commercial & Industrial
  • Remote
  • Government
  • Utilities
  • Institutes & Campuses
  • Military
  • Healthcare

    Asia-Pacific Microgrid Market by Countries

• • China Microgrid Market All-Up (Option 1: Free 25% Customization)
  • India Microgrid Market All-Up (Option 2: Free 25% Customization)
  • Japan Microgrid Market All-Up (Option 3: Free 25% Customization)
  • Rest of Asia-Pacific Microgrid Market All-Up (Option 4: Free 25% Customization)