Global Microgrid Control System Market, By Type (Off-Grid, On-Grid, Hybrid), By Ownership (Public An

Published Date: | Report Code : EP1911097

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Global Microgrid Control System Market, By Type (Off-Grid, On-Grid, Hybrid), By Ownership (Public And Private), By Component (Switch Gear, Controls, Software & Hardware, Generation & Transmission), By End-User (Commercial & Industrial, Campuses & Institutions, Utilities, Defence, Cities & Municipalities, and Others), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Domain : Energy

Report Code : EP1911097

Status : Upcoming

Microgrid Control System Market is expected to promise high growth owing to increasing government investments for microgrid projects in recent years. Increasing demand from End-Use Industries / Applications including commercial & industrial, campuses & institutions, utilities, defense, and cities & municipalities is expected to drive the growth of the microgrid control system market. This market has witnessed the number of key developments by major companies including ABB Group, Eaton Corporation Plc, General Electric Corporation, Siemens AG, Honeywell International, and Exelon Corporation with a focus on organic as well as inorganic growth strategies.  Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies. Microgrid is an associate integrated energy system with local distributed energy resources. It centrally manages local loads, and monitors and controls the entire microgrid. Microgrid control systems are used in low-power & low-voltage; they can be operated in off-grid and hybrid type.

Segment Analysis

The hardware components segment includes physical components such as communication network, local controller, data recorder, CPU module, data logger, relays, analog input-output module, meters, and digital output module. Renewable energy sources are driving the global microgrid control system market. Increasing demand for reliable power supply worldwide and rising electrification projects in emerging economies and advancements in IoT and technologies act as a major opportunity for market growth.

Key Factors Impacting Market Growth:

  • Increasing demand for reliable power supply worldwide
  • Increasing government investments for microgrid projects
  • Growing new technology energy sources

Regional Outlook:

The regional outlook for microgrid control system market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for microgrid control system market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of microgrid control system market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for microgrid control system market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: ABB Group, Eaton Corporation Plc, General Electric Corporation, Siemens AG, Honeywell International, and Exelon Corporation…

Market Segmentation:

By Type:

  • Off-Grid
  • On-Grid
  • Hybrid

By Ownership:

  • Public
  • Private

By Component:

  • Switch Gear
  • Controls
  • Software & Hardware
  • Generation & Transmission

By End-User:

  • Commercial & Industrial
  • Campuses & Institutions
  • Utilities
  • Defense
  • Cities & Municipalities
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Ownership
    • By Component
    • By End-User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Ownership
    • By Component
    • By End-User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Ownership
    • By Component
    • By End-User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Ownership
    • By Component
    • By End-User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Ownership
    • By Component
    • By End-User
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Ownership
    • By Component
    • By End-User

Reasons To Buy This Report:

  • Market size estimation of the global microgrid control system market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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