Visiongain Publishes Microgrid Controller Market Report to 2031

08 April 2021
Energy

The new report the Microgrid Controller Market Report to 2031: Forecasts by Connectivity (Grid Connected and Off Grid/Remote/Islanded), Application (Residential, Commercial, Industrial), by Region, Country, and Profiles of Leading Companies indicates that the Global Microgrid Controller Market will see $ XX bn in spending in 2020.

The lead analyst of the report said: "The Microgrid Controller Market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of the microgrid controller."

A microgrid controller is an electronic device that manages the microgrid's operational interconnection with the distribution utility. A microgrid controller's essential functions include coordinating the integration and dispatch of local distributed energy resources and loads, providing ancillary services to the grid, and seamless grid disconnection and reconnection.

Increasing the integration of microgrids and distributed generation and government initiatives to improve electrical access worldwide is the essential growth driving determinant of the microgrid controller market. The growing need for a reliable and resilient power supply to reduce carbon emissions is also expected to be highly impactful on the microgrid controller market's growth. Further, emerging trends of developing flexible and scalable microgrid controllers and microgrids for protection against cyber-attacks will continue to guide the microgrid controller market's future. On the other hand, the high price of microgrid controllers and stringent government regulations are hampering the market's growth.

The global microgrid controller market is estimated to witness an impressive CAGR despite the COVID-19 pandemic eruption during the forecast period. However, the shutdown of manufacturing processes and lockdown worldwide may slow down the demand in the short-term and high growth in the later forecast period.

The XX page report contains 73 tables and 254 graphs that add visual analysis to explain developing trends within the microgrid controller market. The report provides $ XX bn forecasts during the forecast period 2021-2031 for the microgrid controller submarkets, namely by connectivity, i.e., grid connected and off grid/remote/islanded.

The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies' chapter covering more than 15 companies leading the field in the microgrid controller.

The global microgrid controller market 2021-2031 report will be of value to anyone who wants to understand better the microgrid controller market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical aspect of the microgrid controller industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Thermoelectric Market Report 2021-2031

This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics.

27 July 2021

Read

Visiongain Publishes Liquefied Natural Gas (LNG) Bunkering Market Report 2021-2031

China is the fastest-growing market, with officials promising gas as a cleaner energy source in an effort to quell public outrage over local air pollution levels generated by coal.

27 July 2021

Read

Visiongain Publishes Anaerobic Digestion (AD) Market Report 2021-2031

The global anaerobic digestion (AD) market is being driven within the projected period, increased demand for renewable energy resources, rising energy costs, and stricter government regulations to minimise greenhouse gas emissions are the primary factors driving the anaerobic digestion market.

12 July 2021

Read

Visiongain Publishes Crystalline Silicon Solar PV Market Report 2021-2031

Rooftop solar PV system deployment has expanded dramatically in recent years, owing in large part to policies like as net metering and tax incentives that, in some countries, make PV more cost-effective than buying energy from the grid- PV-hybrid minigrid, virtual power plants, and utility PPA.

08 July 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever