INDIA MICROGRID MARKET FORECAST 2022-2028

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES

1.2. SCOPE OF STUDY

1.3. METHODOLOGY

1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES

2.2. COUNTRY SNAPSHOT

2.3. COUNTRY ANALYSIS

2.4. KEY GROWTH ENABLERS

2.5. KEY CHALLENGES

3. KEY ANALYTICS

3.1. IMPACT OF COVID-19 ON MICROGRID MARKET

3.2. PESTLE ANALYSIS

3.3. KEY MARKET TRENDS

3.4. PORTER’S FIVE FORCES ANALYSIS

3.4.1. BUYERS POWER

3.4.2. SUPPLIERS POWER

3.4.3. SUBSTITUTION

3.4.4. NEW ENTRANTS

3.4.5. INDUSTRY RIVALRY

3.5. OPPORTUNITY MATRIX

3.6. VENDOR LANDSCAPE

3.7. VALUE CHAIN ANALYSIS

3.8. KEY BUYING CRITERIA

3.8.1. COST EFFICIENCY

3.8.2. PRODUCT FEATURES

3.8.3. END-USE

3.9. REGULATORY FRAMEWORK

4. MARKET BY TYPE

4.1. GRID CONNECTED

4.2. OFF-GRID

5. MARKET BY OFFERING

5.1. HARDWARE

5.1.1. POWER GENERATORS

5.1.2. CONTROLLERS

5.1.3. ENERGY STORAGE

5.2. SOFTWARE

5.3. SERVICES

6. MARKET BY CONSUMPTION PATTERN

6.1. SEMI-URBAN

6.2. URBAN/METROPOLITAN

6.3. RURAL/ISLAND

7. MARKET BY END-USER

7.1. COMMERCIAL & INDUSTRIAL

7.2. HEALTHCARE

7.3. EDUCATION

7.4. MILITARY

7.5. GOVERNMENT & UTILITIES

7.6. OTHER END-USERS

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS

8.1.1. MERGERS & ACQUISITIONS

8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS

8.1.3. PARTNERSHIPS & AGREEMENTS

8.1.4. BUSINESS EXPANSIONS & DIVESTITURES

8.2. COMPANY PROFILES

8.2.1. EATON CORPORATION PLC

8.2.2. EXELON CORPORATION

8.2.3. GENERAL ELECTRIC COMPANY

8.2.4. HITACHI LTD

8.2.5. SCHNEIDER ELECTRIC SE

8.2.6. SIEMENS AG

8.2.7. TOSHIBA CORPORATION

 

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MICROGRID

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: INDIA MICROGRID MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 4: INDIA MICROGRID MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

TABLE 5: INDIA MICROGRID MARKET, BY OFFERING, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 6: INDIA MICROGRID MARKET, BY OFFERING, FORECAST YEARS, 2022-2028 (IN $ MILLION)

TABLE 7: INDIA MICROGRID MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 8: INDIA MICROGRID MARKET, BY HARDWARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

TABLE 9: INDIA MICROGRID MARKET, BY CONSUMPTION PATTERN, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 10: INDIA MICROGRID MARKET, BY CONSUMPTION PATTERN, FORECAST YEARS, 2022-2028 (IN $ MILLION)

TABLE 11: INDIA MICROGRID MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 12: INDIA MICROGRID MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)

TABLE 13: LIST OF MERGERS & ACQUISITIONS

TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 16: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

 

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, 2018-2020

FIGURE 3: PESTLE ANALYSIS

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

FIGURE 5: OPPORTUNITY MATRIX

FIGURE 6: VENDOR LANDSCAPE

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: KEY BUYING CRITERIA

FIGURE 9: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

FIGURE 10: INDIA MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)

FIGURE 11: INDIA MICROGRID MARKET, BY OFF-GRID, 2022-2028 (IN $ MILLION)

FIGURE 12: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY OFFERING, IN 2021

FIGURE 13: INDIA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

FIGURE 14: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021

FIGURE 15: INDIA MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)

FIGURE 16: INDIA MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)

FIGURE 17: INDIA MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)

FIGURE 18: INDIA MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 19: INDIA MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 20: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY CONSUMPTION PATTERN, IN 2021

FIGURE 21: INDIA MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)

FIGURE 22: INDIA MICROGRID MARKET, BY URBAN/METROPOLITAN, 2022-2028 (IN $ MILLION)

FIGURE 23: INDIA MICROGRID MARKET, BY RURAL/ISLAND, 2022-2028 (IN $ MILLION)

FIGURE 24: INDIA MICROGRID MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

FIGURE 25: INDIA MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)

FIGURE 26: INDIA MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 27: INDIA MICROGRID MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)

FIGURE 28: INDIA MICROGRID MARKET, BY MILITARY, 2022-2028 (IN $ MILLION)

FIGURE 29: INDIA MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)

FIGURE 30: INDIA MICROGRID MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)

 

KEY FINDINGS

The India microgrid market is projected to record a CAGR of 12.22% during the forecast period, 2022-2028. The growing efforts to increase access to electricity and minimize fuel costs are among the leading growth drivers of the microgrid market in India.

 

Get more Insights into the India Microgrid Market:

https://inkwoodresearch.com/reports/india-microgrid-market/

 

MARKET INSIGHTS

Historically, microgrids have been used in India to facilitate dependable access to rural areas. Currently, the country has solar microgrids that can generate around 2 MW of electricity. These have the potential to boost the economic prospects of the country by facilitating the expansion of small and medium-sized businesses through energy distribution to remote Tier 3 and Tier 2 locations. For instance, the solar microgrid installations in the remote Himalayan regions of Ladakh have raised tourism revenue by $24000 yearly in less than two years.

Further, India has a 375 GW power generation capacity, with coal comprising around 70% of the capacity. In addition, investments, collaborations, and projects by market players are set to enable market growth opportunities. For instance, the Rockefeller Foundation and Tata Power partnered to build 10,000 microgrids by 2026. Also, the project aims to provide irrigation to over 400,000 local farmers, aid 100,000 rural companies, and offer 10,000 new green jobs. Moreover, in 2022, IElectrix inaugurated another microgrid project bringing together an energy management system, a smart transformer, battery storage, and solar photovoltaic technology.

 

COMPETITIVE INSIGHTS

Some of the key firms operating in the India microgrid market include Hitachi Ltd, Eaton Corporation Plc, Exelon Corporation, etc.

 

Our report offerings include:

·       Explore key findings of the overall market

·       Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

·       Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

·       Market Segmentation caters to a thorough assessment of key segments with their market estimations

·       Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

·       Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

·       The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

·       Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

 

SEGMENTATION

1. EATON CORPORATION PLC

2. EXELON CORPORATION

3. GENERAL ELECTRIC COMPANY

4. HITACHI LTD

5. SCHNEIDER ELECTRIC SE

6. SIEMENS AG

7. TOSHIBA CORPORATION