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Global Microgrid Control System Market Report 2019-2029

Global Microgrid Control System Market Report 2019-2029

Analysis by Component (Hardware and Software), by Type (Off-Grid and On-Grid), by Ownership (Public & Private), by End-User (Industrial, Commercial, Utilities, Institutions and Campuses), Company and Country Analysis and Forecasts

PAGES: 201
PRODUCT CODE: ENE0235
SUBMARKET: Electric Power Renewable Energy

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Market Definition:
• Microgrid Control System is an energy system which consists of discretely distributed energy sources i.e. generation, storage and demand management. This energy system can run independently or in parallel with the main power grid.
• This technology operates with the main grid but can break off and run on its own independently while using nearby energy generation in times of outages and natural calamities.

Market Overview and Trends
• Microgrid Control System technology was initially used in remote areas for powering military operations or industrial projects and off-grid villages. However, now they’re being increasingly used in urban cities, on universities or corporate campuses, in hospital or at commercial sites.
• In February 2019, a provider of microgrid solutions launched a new microgrid-enabled switchgear product, Hive for enhancing low and medium-voltage microgrid systems.
• The objective of this technology is to provide facilities with energy reliability in critical situations and resiliency when experiencing fluctuations from the electric grid.

Market Dynamics:

Factors Influencing the Market Growth:
• Increasing Government Investments in Microgrid Projects
• Growing Adoption of Renewable Energy Sources
• Increasing Demand for Secure and Reliable Power Supply Worldwide

Factors Restraining the Market Growth:
• Regulations and law uncertainty with Government
• High maintenance and installation cost

Market Segmentation 2019-2029:

Component
• Hardware Market, 2019-2029
• Software Market, 2019-2029

Type
• Off-Grid Systems Market, 2019-2029
• On-Grid Systems Market, 2019-2029

Ownership
• Private Systems Market, 2019-2029
• Public Systems Market, 2019-2029

End-User
• Industrial and Commercial Systems Market, 2019-2029
• Utilities Systems Market, 2019-2029
• Institutions and Campuses Systems Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Latin America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East & Africa Market, 2019-2029

Competitive Analysis:
• Companies are actively engaged in different developmental strategies in order to improve and increase their foothold in the global Microgrid Control System market.
• There have been a considerable number of product launches, product developments, mergers, and acquisitions recently in the global microgrid control system industry.

Major Market Players:
• Key company profiles such as ABB, General Electric, Siemens, Eaton Corporation, Emerson, Schneider Electric, Spirae, Schweitzer Engineering Laboratories (Sel), Etap, S&C Electric Company, Woodward, Inc, Powersecure, Inc, Rt Soft and Ontech Electric Corporation are also provided in the report.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

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