This research service analyzes the growth opportunities in the ASEAN microgrid market, and the countries covered are Malaysia, Singapore, Indonesia, Thailand, Myanmar, Cambodia, Laos, Brunei, Vietnam, and the Philippines. The base year is 2018 and the forecast runs through to 2025. The ASEAN microgrid market is a high-growth market, and revenue is anticipated to register a compound annual growth rate (CAGR) of 25.7% from 2018 to 2025. Market size represents the total annual revenue generated by microgrid vendors. Revenue calculations include both brownfield and greenfield projects. For brownfield projects, the revenue generated from software, power distribution components, and control and automation systems is included; for greenfield projects, the revenue generated from software, control and automation, power distribution components, and distributed energy resources is included.
The Philippines is the highest revenue share holder, while Cambodia and Vietnam will record strong growth. Singapore and Brunei will not generate any market opportunity during the forecast period. A number of pilot projects have been set up across the region, and this will influence future market growth. Technological advancements such as peer-to-peer (P2P) trading, blockchain, and the rising peak demand in urban areas will drive the commercialization of microgrid projects in urban areas, while the electrification of remote communities, uptake of distributed energy resources (DERs), the need for resilient and reliable power supply, and government initiatives and regulations will fuel market growth in Myanmar, Cambodia, and Indonesia.
Most of the projects in the region are funded by foreign companies and global organizations such as The World Bank, the Asian Development Bank, and other non-governmental organizations (NGOs). However, the absence of strong political will and challenges in terms of maintaining assets and revenue collection will slow down market growth.
Key Issues Addressed
- Is the ASEAN microgrid market growing? How long will it continue to grow, and at what rate will it grow?
- Which countries in the region account for high revenue shares? Which countries hold high growth potential?
- What is the future outlook for the market (across all the countries under study)?
- What are some of the technological advancements in the microgrid space?
- What kind of business models exist? Which of these models will see high uptake during the forecast period and why?
- What are the key growth opportunities for the vendors in the ASEAN region?
Author: Rajalingam Arikaarampalayam Chinnasamy
Key Findings
Strategic Imperatives for Market Participants
Scope of the Study
ASEAN—An Overview
Access to Electricity—Urban versus Rural
Position of ASEAN Countries on the Growth Potential Curve
Renewable Energy Targets
Regulations in ASEAN
Market Drivers
Government Initiatives and Regulations Drive Demand for Microgrids to Help Achieve Reliable Power Supply
Electrification of Remote Communities and Islands Drives Installation of Microgrids
Uptake of DERs, Increased Efficiency, and Reduced Operational Costs Encourage Market Growth
Need for Resilient and Reliable Power Supply Drives Installation in ASEAN Countries
Market Restraints
Limited Understanding and High Investment Costs Restrain Growth
Revenue Forecast by Region
Revenue Forecast by Region Discussion
Geographic Trends—Key Countries
ASEAN Adoption
Geographic Trends
The Philippines
The Philippines (continued)
Indonesia
Indonesia (continued)
Thailand
Thailand (continued)
Myanmar
Myanmar (continued)
Singapore
Singapore (continued)
Malaysia
Malaysia (continued)
Vietnam
Vietnam (continued)
Cambodia
Cambodia (continued)
Laos
Laos (continued)
Brunei
Competitive Landscape
Microgrid Business Models
Microgrid Ownership and Financing
Microgrid Ownership and Financing (continued)
Technology Trends
Technology Trends (continued)
Growth Opportunity 1—Anchor-based Business Model
Growth Opportunity 2—Rise in DERs
Growth Opportunity 3—IoT/Analytics
Growth Opportunity 4—P2P Trading
Strategic Imperatives for Success and Growth
Conclusions—Three Big Predictions
Legal Disclaimer
Partial List of Acronyms and Abbreviations Used
List of Exhibits
The Frost & Sullivan Story
Value Proposition—Future of Your Company and Career
Global Perspective
Industry Convergence
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Key Issues Addressed
- Is the ASEAN microgrid market growing? How long will it continue to grow, and at what rate will it grow?
- Which countries in the region account for high revenue shares? Which countries hold high growth potential?
- What is the future outlook for the market (across all the countries under study)?
- What are some of the technological advancements in the microgrid space?
- What kind of business models exist? Which of these models will see high uptake during the forecast period and why?
- What are the key growth opportunities for the vendors in the ASEAN region?
Author: Rajalingam Arikaarampalayam Chinnasamy
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Rajalingam Chinnasamy |
| Industries | Electronics and Sensors |
| WIP Number | PA79-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9AFE-A4,9B00-A4,9851,GETE |
Analysis of Growth Opportunities in the ASEAN Microgrid Market, Forecast to 2025
Driven by the Growing Demand for Power and Private Investments in Rural Electrification, four ASEAN Markets will Account for 86.9% of the Total Revenue in 2025
30-Jan-2020
Asia Pacific
Market Research