2Q 2020

Market Data: Utility Microgrids

Investor-Owned and Public Systems and Grid-Tied and Remote Application Market Segments: Global Market Analysis and Forecasts

The role utilities play in the microgrid market continues to expand and evolve over time. This report forecasts capacity and implementation spending devoted to utility sponsored microgrids. It also segments the utility microgrid market by investor-owned utilities (IOUs) versus government-owned utilities, with the latter group including municipal utilities, rural cooperatives, and state-owned or nationalized enterprises. This report acknowledges that unregulated business branches of utilities play a critical role in financing third-party microgrids. However, due to a lack of transparency within these unregulated ventures, the latter category is not included in market forecasts. 

Utilities play an increasing role in the microgrid market, especially in the US, which leads the world in grid-tied microgrid innovation. This report shines a spotlight on the often unrecognized role utilities have played in microgrid innovation in the past. It also explores the changing role utilities are playing as microgrids become mainstreamed and examines what roles they might play in the future. 

This Guidehouse Insights report provides capacity and implementation spending forecasts by region and the following segments: grid-tied investor-owned utility projects, grid-tied government utility projects, and government-owned remote off-grid projects. The total global market for utility microgrids is expected to grow from 779.9 MW in 2020 to 3,739.6 MW by 2029 at a compounded annual growth rate (CAGR) of 19.0%. Corresponding global implementation spending starts at $2.3 billion in 2020 and increases to more than $10 billion by 2029, a CAGR of 17.9%.

Pages 36
Tables | Charts | Figures 12
  • How does Guidehouse Insights define microgrids?
  • What are the unique drivers and barriers for utility microgrids?
  • What are the pros and cons of both public and private utilities deploying microgrids? 
  • What key roles have utilities played in early remote microgrid deployments in the developing world and isolated markets such as Alaska and Australia?
  • What behind-the-scenes roles do utilities play with unregulated businesses investing in microgrid projects?
  • Investor-owned utilities
  • Municipal utilities
  • Rural cooperatives
  • Nationalized utilities 
  • Microgrid component suppliers
  • Energy storage vendors
  • Federal and state policymakers
  • Private financial institutions
  • Universities and research organizations
  • Investor community

1. Executive Summary

  1.1 Utility Microgrids

1.2 Forecast Highlights

2. Data Assumptions

  2.1  New Utility Strategies and Offerings

  2.2  Utility Microgrid Market Overview

  2.3  Market Drivers

  2.3.1   Need for Greater Grid Reliability and Resiliency

  2.3.2   Renewable Energy and Climate Change Mandates

  2.3.3   Prosumer Engagement Trends

  2.4  Market Barriers

  2.4.1   Delayed Regulatory Reforms

  2.4.2   Questions about Utility Rate-Basing’s Efficacy

  2.4.3   Customer Revenue Losses

  2.4.4   Unregulated Utility Business Investments

 3. Market Forecasts

  3.1  Microgrid Market Segments

  3.2  Forecast Methodology

  3.2.1   Peak Capacity

  3.2.2   Implementation Spending

  3.3  Utility Microgrid Market Segment Sizing

  3.3.1   UDMs

  3.4  Global Forecasts

  3.4.1   IOUs

  3.4.2   Public Power Utilities

  3.4.3   Remote Utility Microgrids

  3.5  Conclusions and Recommendations

 4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

  • Total Annual Utility Microgrid Capacity and Implementation Spending by Region, 
    World Markets: 2020-2029
  • Distributed vs. Centralized Generation Capacity, World Markets: 2020-2030
    Total Microgrid Power Capacity Market Share by Segment, World Markets: 1Q 2020
  • Annual Grid-Tied UDM Capacity and Implementation Spending by Region, World Markets: 
    2020-2029
  • Annual Grid-Tied Utility Microgrid Implementation Spending by Market Segment, 
    World Markets: 2020-2029
  • Annual Grid-Tied IOU Microgrid Capacity and Implementation Spending by Region, 
    World Markets: 2020-2029
  • Annual Grid-Tied Public Power Utility Microgrid Capacity and Implementation Spending 
    by Region, World Markets: 2020-2029
  • Annual Remote Public Power Utility Microgrid Capacity and Implementation Spending 
    by Region, World Markets: 2020-2029
  • Total Cumulative Utility Microgrid Capacity and Implementation Spending by Region, 
    World Markets: 2020-2029

  • Key Microgrid Components
  • PowerSecure’s 360 Full Life Cycle Business Model for Microgrids
  • Annual Total Utility Microgrid Capacity by Region, World Markets: 2020-2029
  • Annual Total Utility Microgrid Implementation Spending by Region, World Markets: 2020-2029
  • Annual Grid-Tied UDM Capacity by Market Segment, World Markets: 2020-2029
  • Annual Grid-Tied UDM Implementation Spending by Market Segment, World Markets: 2020-2029
  • Annual Grid-Tied Utility Microgrid Capacity by Market Segment, World Markets: 2020-2029
  • Annual Grid-Tied Utility Microgrid Implementation Spending by Market Segment, World Markets: 2020-2029
  • Annual Remote Public Power Utility Microgrid Capacity by Region, World Markets: 2020-2029
  • Annual Remote Public Power Utility Microgrid Implementation Spending by Region, World Markets: 2020-2029
  • Annual Grid-Tied vs. Remote Utility Microgrid Capacity by Region, World Markets: 2020-2029
  • Annual Grid-Tied vs. Remote Utility Microgrid Implementation Spending by Region, World Markets: 2020-2029
  • Total Cumulative Utility Microgrid Capacity by Region, World Markets: 2020-2029
  • Total Cumulative Utility Microgrid Implementation Spending by Region, World Markets: 2020-2029
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