Microgrid Controller Market Size, Growth, Trends & Forecast



 Microgrid Controller Market

The Microgrid Controller Market is projected to grow at a higher CAGR during the forecast period due (2020-2027).

The factors driving the growth of Microgrid Controller Market includes significant shift towards using renewable energy, increasing use to detect electrical disturbances and the growing emphasis by key players to incorporate new technologies to minimize the overall cost. The increasing Public Private Partnerships based models for completing Microgrid projects, optimization of energy assets and growing constructions of smart cities, are augmenting the growth of Microgrid Control System Market. As per the article published by Khalifa University, the United Arab Emirates Government launched 100% Renewable Energy Micro-grid on Public Private Partnership based model with Global Green Growth Institute (GGGI). Moreover, the growing use of Microgrid in hospitals, universities/research facilities, Government buildings, Military, residential areas, and Gas Stations, are propelling the Microgrid Controller Market size. However, the growth of Microgrid Controller Market is hindered due to its high installation cost and strict regulations imposed by Governments across the world.

The prominent players operating in the market are Schweitzer Engineering Laboratories, Inc., Eaton Corporation, Inc., S&C Electric Company, Power Analytics Corporation, Lockheed Martin Corporation, Honeywell International, Inc., Emerson Electric Co., Schneider Electric SE, GE Power, Inc., ABB, and Siemens AG among others.

Connectivity: Segment Analysis

As per Microgrid Controller Market Forecast, the grid-connected segment is projected to grow at a faster CAGR over the forecast period because it provides comparatively more reliability than any other remote/off-grid/islanded grid.

Offering: Segment Analysis

According to Microgrid Controller Market Trends, the software segment is anticipated to grow at a remarkable CAGR over the forecast period attributed to its ability to maximize the energy supply.

Vertical: Segment Analysis

Based on the vertical, the military & defense segment is expected to dominate the Global Microgrid Controller market during the forecast period due to its growing use in transportation and buildings.

Regional: Segment Analysis

Based on the region, the Asia-pacific region is anticipated to grow at a faster CAGR during the forecast period. The continuous development of Infrastructure in South, Japan and China and growing demand for electricity power supply in the region are augmenting the Microgrid Control System Market Size in the region.

 

 

Market Segmentation:

Global Microgrid Controller Market by Connectivity

  • Grid Connected
  • Off-Grid/Remote/Islanded

Global Microgrid Controller Market by Offering

  • Hardware
  • Software
  • Services

Global Microgrid Controller Market by Vertical

  • Government
  • Utilities
  • Commercial
  • Industrial
  • Educational Institutes
  • Military & Defense
  • Healthcare
  • Others

Global Microgrid Controller Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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