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
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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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 2.7 billion |
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Growth Rate |
CAGR of 14.8% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Grid- Type, Component, Ownership, End-User, and Geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and the Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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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) |
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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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