Microgrid Control System Market Analysis

The global microgrid control system market is estimated to progress at 13.05% CAGR during the forecast period.

Microgrid control system helps in integrating the energy assets with an objective to reduce the energy costs for a microgrid. The applications of microgrid control system includes off-grid remote communities where in a control system optimizes the operation of diesel generators and integration with renewable energy resources.

Leading Players

The key players of the global microgrid control system market are Siemens (Germany), ABB (Switzerland), Eaton Corporation (Ireland), S&C Electric Company (US), Schneider Electric (France), Emerson (US), Spirae (US), Schweitzer Engineering Laboratories (US), Etap (US), Woodward, Inc. (US), Power Secure, Inc. (US), Ontech Electric Corporation (China), and General Electric (US)

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Segmental Analysis

The global microgrid control system market has been segmented based on grid type, ownership, component, end-use, and region.

On the basis of ownership, the global market has been divided into private and public. The private segment is the larger segment in the market due to growing electricity demand for private microgrid control systems. Private microgrid control systems have applications in defense, campuses, and the commercial sector.

On the basis of grid type, the global market is segmented into on-grid and off-grid. The off-grid segment is expected to dominate the microgrid control system market, owing to the rising power demand in remote areas.

On the basis of end-use, the global market is segmented into utilities, industrial, commercial, and others. The utilities segment is expected to dominate the microgrid control system market during the forecast period. Utilities are accelerating their investment in microgrids and their control system to reduce operating cost and optimize distributed energy resources. This would increase the market for microgrid control system globally.

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Regional Analysis

On the basis of region, the global microgrid control system market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

Asia-Pacific dominated the microgrid control system market in 2018 and is estimated to be the fastest growing region.

The growth of the microgrid control system market in Asia-Pacific is driven by many factors including the rise in investments in power sector, resulting in power infrastructure development in the emerging economies of Australia, China, Thailand, and India.

Moreover, market players such as ABB, Siemens, and Schneider Electric have signed contracts with industries to provide microgrid control system and necessary services.

Furthermore, the rising expansion of power plants and development of smart grids are other factors driving the growth of microgrid control system market, globally.

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global microgrid control system market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis

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