Microgrid Control System Market - Trends Forecast Till 2028

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)

Published Date: March, 2021

Base Year Estimate: 2020

Report ID: D-EN-MCSM-109

Format:  

Number of Pages: 367

Domain: Energy

Microgrid Control System Market – Trends Forecast Till 2028

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)

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 centres and urban areas.

The microgrid is classified into 3 types 1. Remote 2. Grid-connector 3. Networked

An increased acceptance of renewable sources of energy along with increased governmental investment also the demand for sustainable power supply are some of the factors that have supported long-term expansion for the microgrid control system industry.

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

Key players in the global microgrid control system market are  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), and  Ontech Electric Corporation (China) among others.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the microgrid control system market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global microgrid control system market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the market research methodology used in drafting this report on the Microgrid Control System market.

Primary Respondent breakdown is given below:

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Microgrid Control System market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for the Microgrid Control System market to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 2.7 billion

Growth Rate

CAGR of 14.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Grid- Type, Component, Ownership, End-User, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

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), and  Ontech Electric Corporation (China)

Available Customization

In addition to the market data for the Microgrid Control System market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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