Philippines Microgrid Market - Industry Trends and Forecast to 2029
- Published Date: 2022-12-31
- Report ID: 144070
- Pages: 225
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Format:
Short Description
Philippines Microgrid Market, By Connectivity (Off-Grid/Island/Remote, Grid Connected), Pattern (Remote, Semi-Urban, Urban), Source (Diesel Generators, Solar PV, CHP, Natural Gas, Others), Grid Type (AC Microgrid, DC Microgrid, Hybrid Microgrid), Application (Remote Location, Utility, Industrial, Campus, Military, Smart City, Others) Industry Trends and Forecast to 2029
Market Definition
A microgrid is a distinct energy system that consists of interconnected loads and distributed energy resources that are capable of operating in parallel with, or independently from the main power grid. Microgrids, in general, are smaller versions of power networks that transport electricity from generators to consumers. They help to lower overall costs and provide grid backup in the event of an outage. Microgrids are more efficient than regular electrical grids and can be integrated with a variety of renewable energy sources such as solar, wind, small hydro, geothermal, waste-to-energy, and combined heat and power (CHP) systems. Batteries, distributed generators, and solar panels can also be used to power them. Furthermore, they are also a reliable source of electricity because they operate continuously during power outages.
Market Segmentation
Philippines microgrid market is segmented based on connectivity, pattern, source, grid type and application.
On the basis of the connectivity, Philippines microgrid market is segmented into Off-Grid/Island/Remote, and grid connected
On the basis of the pattern, Philippines microgrid market is segmented into remote, semi-urban, and urban
On the basis of the source, Philippines microgrid market is segmented into diesel generators, solar PV, CHP, natural gas, and others
On the basis of the grid type, Philippines microgrid market is segmented into AC microgrid, DC microgrid, and hybrid microgrid
On the basis of the application, Philippines microgrid market is segmented into remote location, utility, industrial, campus, military, smart city, and others
Market Players
Some of the major players operating in Philippines microgrid market are:
ABB
Rolls-Royce plc
Schneider Electric
Cummins Inc
Siemens
General Electric
Black & Veatch Holding Company
Honeywell International Inc
Eaton
Hitachi Energy Ltd
TABLE OF CONTENTS
1 INTRODUCTION 8
1.1 OBJECTIVES OF THE STUDY 8
1.2 MARKET DEFINITION 8
1.3 OVERVIEW OF THE PHILIPPINES MICROGRID MARKET 8
1.4 CURRENCY AND PRICING 9
1.5 LIMITATIONS 9
1.6 MARKETS COVERED 10
2 MARKET SEGMENTATION 11
2.1 MARKETS COVERED 11
2.2 GEOGRAPHICAL SCOPE 12
2.3 YEARS CONSIDERED FOR THE STUDY 12
2.4 DBMR TRIPOD DATA VALIDATION MODEL 13
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 16
2.6 DBMR MARKET POSITION GRID 17
2.7 MULTIVARIATE MODELING 19
2.8 CONNECTIVITY TIMELINE CURVE 20
2.9 MARKET CHALLENGE MATRIX 21
2.10 SECONDARY SOURCES 22
2.11 ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 25
5 MARKET OVERVIEW 26
5.1 DRIVERS 28
5.1.1 SHIFT IN TREND TOWARD GAS-BASED POWER GENERATION 28
5.1.2 INCREASE IN DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY FOR VARIOUS APPLICATIONS 28
5.1.3 RISE IN ENERGY-AS-A-SERVICE (EAAS) MODEL TO MINIMIZE COST IN THE ENERGY SECTOR 29
5.2 RESTRAINTS 29
5.2.1 UNCERTAINTY IN LAWS AND REGULATIONS RELATED TO DISTRIBUTED ENERGY GENERATION 29
5.2.2 INCREASE IN ENERGY PRICES IN THE PHILIPPINES 30
5.3 OPPORTUNITIES 30
5.3.1 RISE IN ACQUISITIONS AND PARTNERSHIPS AMONG VARIOUS ORGANIZATIONS 30
5.3.2 INCREASE IN DEMAND FOR RENEWABLE ENERGY 31
5.3.3 GOVERNMENT FUNDING IN MICROGRID PROJECTS 31
5.4 CHALLENGES 31
5.4.1 LACK OF OPERATING EXPERIENCE WITH MICROGRID CONFIGURATIONS 31
5.4.2 RESTRICTIONS FROM UTILITY FRANCHISE RIGHTS AND LIMITED RETAIL MARKET ACCESS 32
5.4.3 INCREASE IN CYBER SECURITY CONCERNS AND REGULATORY BARRIERS 32
6 PHILIPPINES MICROGRID MARKET, BY CONNECTIVITY 33
6.1 OVERVIEW 34
6.2 OFF-GRID/ISLAND/REMOTE 35
6.3 GRID CONNECTED 35
7 PHILIPPINES MICROGRID MARKET, BY PATTERN 36
7.1 OVERVIEW 37
7.2 REMOTE 38
7.3 SEMI-URBAN 38
7.4 URBAN 38
8 PHILIPPINES MICROGRID MARKET, BY SOURCE 40
8.1 OVERVIEW 41
8.2 DIESEL GENERATORS 42
8.3 SOLAR PV 42
8.4 CHP 43
8.5 NATURAL GAS 43
8.6 OTHERS 43
9 PHILIPPINES MICROGRID MARKET, BY GRID TYPE 44
9.1 OVERVIEW 45
9.2 AC MICROGRID 46
9.3 DC MICROGRID 46
9.4 HYBRID MICROGRID 46
10 PHILIPPINES MICROGRID MARKET, BY APPLICATION 48
10.1 OVERVIEW 49
10.2 REMOTE LOCATION 50
10.3 UTILITY 50
10.4 INDUSTRIAL 51
10.5 CAMPUS 51
10.6 MILITARY 51
10.7 SMART CITY 51
10.8 OTHERS 52
11 PHILIPPINES MICROGRID MARKET: COMPANY LANDSCAPE 53
11.1 COMPANY SHARE ANALYSIS: PHILIPPINES 53
12 QUESTIONNAIRE 54
13 RELATED REPORTS 57
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