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Pulished Date July, 2021
ID: 11768
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Microgrid Controller market segmentation by Connectivity (grid connected, off-grid/ remote/ islanded) by Offering (hardware, software, services) by Vertical (government, utilities, commercial, industrial, educational institutes, military and defense, healthcare, others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: July, 2021
ID: 11768
Pages: 175

Microgrid Controller Market Size & Growth Analysis (2021 – 2026)

The microgrid controller enables the installation of a microgrid by controlling the dispersed energy resources as well as the loads in a predetermined electrical system to maintain an acceptable frequency and voltage. The key functions of a microgrid controller include coordinating the integration and distribution of loads and local distributed energy resources, providing ancillary services to the grid, and smooth disconnection and reconnection of the grid.

Continued improvements in energy control and management are expected to have a positive impact on market growth. The depreciating prices of distributed renewable energy and battery technologies, along with technological advances in energy management systems, have created more efficient renewable grids, as well as advanced smart grid technologies. With microgrids deployed in many fields and integrated with new technologies, such as fuel cells, there is a need for efficient and reliable control systems capable of handling the complexity of these new systems. Therefore, the need for efficient and centralized microgrid controllers is increasing. Due to their long distance lines, traditional networks are considered very inefficient. Also, microarrays are very efficient. As fuel and energy costs increase, the need for efficient systems increases, which in turn promotes the adoption rate of microgrid systems.

Recent Developments:

  • Emerson (NYSE: EMR), a worldwide innovation and designing organization, today dispatched computerization innovation for utilities and autonomous force makers that inexorably rely upon an assortment of fuel sources, environmentally friendly power and administration to the market of quickly developing microgrids. Its new Ovation OCC100 secluded regulator cost-successfully expands Emerson's demonstrated Ovation ™ control innovation by overseeing power stream from an assortment of sources to guarantee nonstop, solid creation for these arising ventures. This versatile and little impression innovation is additionally appropriate for basic water and wastewater applications.
  • Enel X, the Enel Group's high level energy administrations business line, and the energy management organization Eaton, reported today intends to create microgrids in Puerto Rico. The underlying venture will remember for site sunlight based power creation and battery stockpiling at Eaton's Arecibo plant, which produces circuit breakers utilized in homes, structures and an assortment of modern applications.
  • ABB today declared a secluded and versatile attachment and play microgrid solution to satisfy the developing worldwide need for adaptable innovation in the developing appropriated power generation market.
  • ABB and Rolls-Royce declared a worldwide association in microgrid innovation and progressed automation. Together, the two organizations will offer an inventive and energy proficient microgrid solution for utility, business and modern organizations.

Drivers and Restraints of Microgrid Controller Market:

Drivers:

The rise of distributed installations of renewable and non-renewable energy resources, energy storage at the scale of emerging utilities, response to demand and the use of plug-in hybrid electric vehicles have created unprecedented opportunities for the market. Technological leaps are also striving to transform the operating model of utilities, which will continue to be an influential driver for the microarray controller market. The demand for microarray controllers has increased in industries to maintain power stability at critical loads, detect electrical disturbances and respond to such disturbances in the shortest possible time. The focus on corporate sustainability has guided power plant owners towards the adoption of a microgrid controller, with environmental conservation becoming a priority.

Restraints:

Installing a microarray controller means rearranging components and devices, which is a huge cost. There is reluctance among power plant owners to employ a microgrid controller, as long-standing operational, technological and safety risks prevail. Furthermore, the imposition of aggressive policies legislated by the government is likely to hamper the expansion of the microgrid.

Microgrid Controller Market Segmentation:

By Connectivity:

  • Grid Connected
  • Off Grid/Remote/Islanded

By connectivity, the market has been segmented into on-grid and off-grid / island, the two modes in which a microcontroller operates. The off-grid segment is expected to grow at the highest CAGR during the forecast period as these drivers are more reliable. Isolated microgrids are designed to operate independently, without connection to the main network. Microgrids connected to the grid have higher reliability than isolated microgrids because they are connected to the main electrical grids. Therefore, the microgrids connected to the grid are expected to grow at a higher CAGR during the forecast period.

By Offering:

  • Hardware
  • Software
  • Services

The software segment is expected to grow at the highest CAGR during the forecast period due to its increasing use to monitor, forecast, manage and optimize energy supply and demand for micro-grid arrangements.

By Vertical:

  • Government
  • Utilities
  • Commercial
  • Industrial
  • Educational Institutes
  • Military & Defense
  • Healthcare
  • Others (Small residential communities, townships, and villages)

On the basis of the vertical, the market has been segmented into government, oil and gas, energy and power, industrial, automotive, military and defense, commercial, and others. Growing microgrid deployments in various end-use industries, such as the military, government, utilities, and healthcare, are driving the growth of the microgrid controller market. The defense industry has been the main one to adopt micro-grid technology that allows buildings or bases to continue to operate on their own power when the grid goes down.

Microgrid Controller Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada

North America, followed by Europe, is expected to dominate the microgrid controller market from 2018 to 2023 due to government initiatives that have encouraged microgrid installations in the region. Furthermore, the high concentration of market players in the region and the availability of competent technical knowledge are driving the demand for microgrid controllers in the region.

  1. Europe
    1. Norway
    2. Germany
    3. Sweden
  2. Asia Pacific
    1. China
    2. India
    3. Japan

Asia-Pacific is expected to see the fastest growth due to the increase in the number of rural electrification projects in developing countries such as India and Bangladesh. The main countries identified with strong growth in Asia-Pacific are China, Japan, Australia and India.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Microgrid Controller Market including ABB Ltd, Eaton Corporation, Emerson Electric Co., General Electric Power, HOMER Energy LLC, Honeywell International Inc., Lockheed Martin Corporation, Pareto Energy Ltd, Power Analytics Corporation, Princeton Power Systems, S&C Electric Company, Schneider Electric SE, Schweitzer Engineering Laboratories, Inc., Siemens AG, and Spirae LLC.

IMPACT OF COVID-19 ON MICROGRID CONTROLLER MARKET:

COVID-19 is an unrivaled global public health emergency that has affected nearly every industry, hence the long-term effects that are expected to impact industry growth during the forecast period.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Microgrid Controller Market, By Connectivity                  

                    6.1.1 Grid Connected       

                    6.1.2 Off Grid/Remote/Islanded  

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Microgrid Controller Market, By Offering              

                    6.2.1 Hardware      

                    6.2.2 Software        

                    6.2.3 Services        

                    6.2.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Microgrid Controller Market, By Vertical               

                    6.3.1 Government  

                    6.3.2 Utilities         

                    6.3.3 Commercial   

                    6.3.4 Industrial      

                    6.3.5 Educational Institutes        

                    6.3.6 Military & Defense   

                    6.3.7 Healthcare     

                    6.3.8 Others (Small residential communities, townships, and villages)       

                    6.3.9 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.10 Y-o-Y Growth Rate Analysis       

                    6.3.11 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Connectivity        

                    7.2.3 By Offering    

                    7.2.4 By Vertical     

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Connectivity        

                    7.3.3 By Offering    

                    7.3.4 By Vertical     

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Connectivity        

                    7.4.3 By Offering    

                    7.4.4 By Vertical     

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Connectivity        

                    7.5.3 By Offering    

                    7.5.4 By Vertical     

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Connectivity        

                    7.6.3 By Offering    

                    7.6.4 By Vertical     

8. Key Player Analysis                           

          8.1 ABB Ltd            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Eaton Corporation                 

          8.3 Emerson Electric Co.             

          8.4 General Electric Power           

          8.5 HOMER Energy LLC               

          8.6 Honeywell International Inc             

          8.7 Lockheed Martin Corporation           

          8.8 Pareto Energy Ltd                 

          8.9 Power Analytics Corporation            

          8.10 Princeton Power Systems               

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Microgrid Controller Market By Region, From 2021-2026 ( USD Billion )
  2. Global Microgrid Controller Market By Connectivity, From 2021-2026 ( USD Billion )
  3. Global Grid Connected  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Off Grid/Remote/Islanded  Market By Region, From 2021-2026 ( USD Billion )
  5. Global Microgrid Controller Market By Offering, From 2021-2026 ( USD Billion )
  6. Global Hardware  Market By Region, From 2021-2026 ( USD Billion )
  7. Global Software  Market By Region, From 2021-2026 ( USD Billion )
  8. Global Services  Market By Region, From 2021-2026 ( USD Billion )
  9. Global Microgrid Controller Market By Vertical, From 2021-2026 ( USD Billion )
  10. Global Government  Market By Region, From 2021-2026 ( USD Billion )
  11. Global Utilities  Market By Region, From 2021-2026 ( USD Billion )
  12. Global Commercial  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Industrial  Market By Region, From 2021-2026 ( USD Billion )
  14. Global Educational Institutes  Market By Region, From 2021-2026 ( USD Billion )
  15. Global Military & Defense  Market By Region, From 2021-2026 ( USD Billion )
  16. Global Healthcare  Market By Region, From 2021-2026 ( USD Billion )
  17. Global Others (Small residential communities, townships, and villages)  Market By Region, From 2021-2026 ( USD Billion )

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