KEY FINDINGS
The European market for microgrids is projected to propagate at a CAGR of 11.55% during the forecasting period of 2019-2027. The primary application of the microgrid market is in the government & education sector, industrial, military, utility residential & commercial, etc. of the region.
MARKET INSIGHTS
Microgrid market of Europe is mainly driven by increasing government initiatives for sustainable development, increasing renewable power plants, industry 4.0 initiative in the European region. Other factors like the higher demands for electricity, investments by the developed countries in clean energy being on a rapid up-surge & increasing demand for clean energy storage systems are specifically driving the growth of the Europe microgrids market. The increasing demand for power is increasing the capacity addition of renewable energy which in turn, results in increased deployment of the microgrids across the region.
The economies of the United Kingdom, France, Italy, Russia, Spain, Germany and the remaining countries constituting the Rest of Europe regional segment are the major contributors to the market growth in Europe. Germany contributed xx% of market share in 2018 & is estimated to contribute the majority of share to remain at xx% in 2027 as compared to that of 2018.
COMPETITIVE INSIGHTS
Some of the major market players in the European region are Hitachi Ltd., Duke Energy Corporation, Schneider Electric, Fuelcell Energy Inc., General Electric, Siemens AG, NRG Energy Inc., Princeton Power Systems, S&C Electric Company, Eaton Corporation PLC, Power Engineers Incorporated, National Grid, Exelon Corporation, ABB Ltd. and Fairbanks Morse
Europe Microgrid Market Forecast 2019-2027
Table of Contents
1. Research Scope
1.1. Study Goals
1.2. Scope of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Regulations On Greenhouse Gas Emission Across The World
3.2.2. Benefits of Using Microgrid Technology
3.2.3. Collaborations For Enhancements In Microgrid Technology
3.2.4. Government & Utilities Segment Witness The Robust Growth
3.2.5. Usage of Microgrids In Hospitals
3.2.6. Investments In Microgrids
4. Market Dynamics
4.1. Etymology of Microgrid Market
4.2. Market Scope & Definition
4.3. Market Drivers
4.3.1. Increase In Demand For Electricity Worldwide
4.3.2. Investments In Clean Energy Is Rising Rapidly
4.3.3. Rapid Increase In Demand of Clean Energy Storage Systems
4.4. Market Restraints
4.4.1. High Cost of Maintenance & Installation Hinders The Usage of Microgrids
4.4.2. Stringent Policies, Regulations, And Standards Related To Microgrids Across The World
4.5. Market Opportunities
4.5.1. Usage of Internet of Things In Microgrids
4.5.2. Increasing Electrification Projects Across Emerging Economies
4.5.3. Smart City Initiatives
4.6. Market Challenges
4.6.1. Difficulties In Planning, Designing, And Implementation of A Large Size Microgrid
4.6.2. Lack of Training Is A Major Barriers For The Long-Term Sustainability of Microgrids
5. Market By Offerings
5.1. Hardware
5.2. Software
5.3. Services
6. Market By Types
6.1. Grid Connected
6.2. Remote/Island/Off-Grid
7. Market By Consumption Patterns
7.1. Semi-Urban
7.2. Urban/Metropolitan
7.3. Rural/Island
8. Market By Verticals
8.1. Industrial
8.2. Healthcare
8.3. Education
8.4. Military
8.5. Government & Utilities
8.6. Others
9. Key Analytics
9.1. Porter's Five Force Model
9.1.1. Threat of New Entrants
9.1.2. Threat of Substitute
9.1.3. Bargaining Power of Suppliers
9.1.4. Bargaining Power of Buyers
9.1.5. Threat of Competitive Rivalry
9.2. Opportunity Matrix
9.3. Vendor Landscape
9.3.1. Legal, Policy & Regulatory Framework
10. Europe
10.1. United Kingdom
10.2. France
10.3. Italy
10.4. Russia
10.5. Spain
10.6. Germany
10.7. Rest of Europe
11. Competitive Landscape
11.1. Key Company Analysis
11.1.1. Ge Electric
11.1.2. Siemens Ag
11.1.3. Eaton
11.1.4. Abb Ltd.
11.1.5. Schneider Electric
11.2. Company Profiles
11.2.1. Abb Ltd.
11.2.1.1. Overview
11.2.1.2. Product Portfolio
11.2.1.3. Strategic Initiatives
11.2.1.4. Scot Analysis
11.2.2. Duke Energy Corporation
11.2.2.1. Overview
11.2.2.2. Product Portfolio
11.2.2.3. Strategic Initiatives
11.2.2.4. Scot Analysis
11.2.3. Eaton Corporation Plc
11.2.3.1. Overview
11.2.3.2. Product Portfolio
11.2.3.3. Strategic Initiatives
11.2.3.4. Scot Analysis
11.2.4. Exelon Corporation
11.2.4.1. Overview
11.2.4.2. Product Portfolio
11.2.4.3. Strategic Initiatives
11.2.4.4. Scot Analysis
11.2.5. Fairbanks Morse
11.2.5.1. Overview
11.2.5.2. Product Portfolio
11.2.5.3. Strategic Initiatives
11.2.5.4. Scot Analysis
11.2.6. General Electric
11.2.6.1. Overview
11.2.6.2. Product Portfolio
11.2.6.3. Strategic Initiatives
11.2.6.4. Scot Analysis
11.2.7. Hitachi Ltd.
11.2.7.1. Overview
11.2.7.2. Product Portfolio
11.2.7.3. Strategic Initiatives
11.2.7.4. Scot Analysis
11.2.8. Schneider Electric
11.2.8.1. Overview
11.2.8.2. Product Portfolio
11.2.8.3. Strategic Initiatives
11.2.8.4. Scot Analysis
11.2.9. Siemens Ag
11.2.9.1. Overview
11.2.9.2. Product Portfolio
11.2.9.3. Strategic Initiatives
11.2.9.4. Scot Analysis
11.2.10. National Grid
11.2.10.1. Overview
11.2.10.2. Product Portfolio
11.2.10.3. Strategic Initiatives
11.2.10.4. Scot Analysis
11.2.11. Fuelcell Energy Inc.
11.2.11.1. Overview
11.2.11.2. Product Portfolio
11.2.11.3. Strategic Initiatives
11.2.11.4. Scot Analysis
11.2.12. Nrg Energy Inc.
11.2.12.1. Overview
11.2.12.2. Product Portfolio
11.2.12.3. Strategic Initiatives
11.2.12.4. Scot Analysis
11.2.13. Power Engineers Incorporated
11.2.13.1. Overview
11.2.13.2. Product Portfolio
11.2.13.3. Strategic Initiatives
11.2.13.4. Scot Analysis
11.2.14. Princeton Power Systems
11.2.14.1. Overview
11.2.14.2. Product Portfolio
11.2.14.3. Strategic Initiatives
11.2.14.4. Scot Analysis
11.2.15. S&C Electric Company
11.2.15.1. Overview
11.2.15.2. Product Portfolio
11.2.15.3. Strategic Initiatives
11.2.15.4. Scot Analysis
List of Tables
Table 1. Europe Microgrid Market, By Country, 2019-2027 (In $ Million)
Table 2. Europe Microgrid Market, By Offerings, 2019-2027 (In $ Million)
Table 3. Europe Microgrid Market, By Types, 2019-2027 (In $ Million)
Table 4. Europe Microgrid Market, By Consumption Patterns, 2019-2027 (In $ Million)
Table 5. Europe Microgrid Market, By Verticals 2019-2027 (In $ Million)
Table 6. Opportunity Matrix
Table 7. Vendor Landscape
Table 8. Legal, Policy & Regulatory Framework
Table 9. Europe Microgrid Market, By Country, 2019-2027 (In $ Million)
List of Figures
Figure 1. Europe Microgrid Market, By Verticals, 2018 & 2027 (In %)
Figure 2. Europe Microgrid Market, By Hardware, 2019-2027 (In $ Million)
Figure 3. Europe Microgrid Market, By Software, 2019-2027 (In $ Million)
Figure 4. Europe Microgrid Market, By Services, 2019-2027 (In $ Million)
Figure 5. Europe Microgrid Market, By Grid Connected, 2019-2027 (In $ Million)
Figure 6. Europe Microgrid Market, By Remote/Island/Off-Grid, 2019-2027 (In $ Million)
Figure 7. Europe Microgrid Market, By Semi-Urban, 2019-2027 (In $ Million)
Figure 8. Europe Microgrid Market, By Urban/Metropolitan, 2019-2027 (In $ Million)
Figure 9. Europe Microgrid Market, By Rural/Island, 2019-2027 (In $ Million)
Figure 10. Europe Microgrid Market, By Industrial, 2019-2027 (In $ Million)
Figure 11. Europe Microgrid Market, By Healthcare, 2019-2027 (In $ Million)
Figure 12. Europe Microgrid Market, By Education, 2019-2027 (In $ Million)
Figure 13. Europe Microgrid Market, By Military, 2019-2027 (In $ Million)
Figure 14. Europe Microgrid Market, By Government & Utilities, 2019-2027 (In $ Million)
Figure 15. Europe Microgrid Market, By Others, 2019-2027 (In $ Million)
Figure 16. Porter's Five Force Analysis
Figure 17. Europe Microgrid Market, Regional Outlook, 2018 & 2027 (In %)
Figure 18. United Kingdom Microgrid Market, 2019-2027 (In $ Million)
Figure 19. France Microgrid Market, 2019-2027 (In $ Millions)
Figure 20. Italy Microgrid Market, 2019-2027 (In $ Millions)
Figure 21. Russia Microgrid Market, 2019-2027 (In $ Millions)
Figure 22. Spain Microgrid Market, 2019-2027 (In $ Millions)
Figure 23. Germany Microgrid Market, 2019-2027 (In $ Millions)
Figure 24. Rest of Europe Microgrid Market, 2019-2027 (In $ Millions)
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