Microgrid Control System Market, By Grid-Type (On-Grid and Off-grid), Component (Hardware and Software), Ownership (Private and Public), End-User (Utilities, Campuses and institutions, Commercial, and Industrial) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)
Microgrid Control System Market Overview
The global microgrid control system market is anticipated to reach USD 2.7 billion in 2021 growing at a CAGR of 14.8% during the forecasting period, 2021-2028.
A Microgrid control system is a group of interconnected load and grid systems. It sets as a unique control point. They are not just energy efficient but are also cost-effective and enhance the stability of the local electric grid. These were predominantly used in military operations and remote areas but recently they have been used to provide power in data centers and urban areas.
The microgrid is classified into 3 types 1. Remote 2. Grid-connector 3. Networked
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An increased acceptance of renewable sources of energy along with increased governmental investment also the demand for sustainable power supply is some of the factors that have supported long-term expansion for the microgrid control system industry.
Key Findings
The global microgrid Control System market is segmented into Grid- Type, Component, Ownership, End-User and geography.
The grid-Type segment is segmented into On-Grid and Off-grid
The component segment is segmented into Hardware and Software
The end-User segment is segmented into Utilities, Campuses and institutions, Commercial, and Industrial
Ownership segment is segmented into Private, and Public
Geographically, the global microgrid control system market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Microgrid Control System Market Competitive Landscape
Key players
· ABB (Switzerland)
· GE (US)
· Siemens (Germany)
· Eaton (Ireland)
· Emerson (US)
· Schneider Electric (France)
· Spirae (US)
· Schweitzer Engineering Laboratories Inc. (Washington)
· ETAP (US)
· S&C Electric (US)
· Woodward Inc (US)
· Powersecure (US)
· RTSoft (Germany)
· Ontech Electric Corporation (China)
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Recently published a report entitled Microgrid Control System Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The entire microgrid control system market has been sub-categorized into type and application.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Microgrid Control System Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/microgrid-control-system-market/download-sampleBy TypeGrid-ConnectedOff-GridHybridBy ApplicationUtilitiesCities And MunicipalitiesDefenseIndustrialOtherThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the microgrid control system market include ABB Group, Eaton Corporation PLC, Exelon Corporation, General Electric Corporation, Hitachi Ltd, Honeywell International Inc., Northern Power Systems Corporation, Pareto Energy Ltd, Princeton Power Systems, Siemens AG and Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for microgrid control system market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
