NEW YORK, Jan. 27, 2020 /PRNewswire/ --
The global market for Microgrid Control Systems is projected to reach US$3.
9 billion by 2025, driven by the rapid migration towards decentralized energy systems. The focus on sustainable energy against the backdrop of growing urgency to address climate change ranks as the primary factor driving adoption of decentralized energy systems. Other benefits offered include ability to utilize more renewable energy, reduced dependence on fossil fuels, more stable and largely lower energy prices, elimination of challenges involved in energy loss during long distance transmission, and reduced need to invest in electricity grid transmission and distribution capacity upgrades. In addition, centralized power grids are aging and suffer from grid power quality issues, and also lack the flexibility to adjust to changing energy consumption patterns worldwide. Also, with several countries worldwide legislating mandatory renewable energy targets, the move towards distributed energy infrastructure is gaining momentum as production of energy closer to consumption areas supports smaller scale generation of renewable energy. Until now, in most markets across the globe power outage and/or scheduled blackouts was the popular load shedding strategy adopted to meet peak demand. However, with rapid digitalization, electrification and electronification of modern societies such a load shedding strategy is unsustainable and detrimental to the growth of economies. As a result, there is strong focus on integrating higher shares of intermittent sources of renewable energy to meet peak demand. The scenario is leading to the development of hybrid energy systems to ensure reliable and sustainable supply of electricity. With traditional utilities stretched to the breaking point due to rapid population growth, urbanization and demands of the digital age, microgrids are the future of smart and distributed energy generation and distribution.
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- There is increased establishment of microgrids in areas rich in green sources of power such as photovoltaic (PV) and wind power. These local grids are then integrated into the main utility grid. Integrating and balancing renewable energy creates challenges in dynamics, control and automation of electrical power systems. This pushes up the need for sophisticated energy management system (EMS) and distribution management system (DMS) for reliable integration, management and control of multi-tiered energy systems. As the issues related to integration and control of microgrids increase in complexity, the need for energy management and control systems will become greater and poised to benefit are microgrid control systems. Another exciting trend in the market is the increase in private deployment of microgrids. With power interruptions and blackouts becoming increasingly common and frequent as a result of extreme weather conditions compounded by aging energy infrastructure, there is a clear preference and migration away from grid-tied solar panels towards private microgrids fully independent and separate from the main power grid. These microgrids have the advantage of functioning normally even when the main grid is shutdown. This is an important advantage for companies against the backdrop of electrification, digitalization and automation all of which are reliant on power quantity, quality, and availability. Also chronic underfunding of energy infrastructure development by governments worldwide as a result of fiscal deficits and lack of funds, is forcing companies to take their own measures to address energy reliability issues. For instance, in the United States, underinvestment in energy infrastructure has reached over US$180 billion, a scenario that bodes well for the proliferation of private microgrids. The United States, China and Europe represent large markets worldwide with a combined share of 63.7% of the market. China also ranks as the fastest growing market with a CAGR of 15.3% over the analysis period supported by the Chinese governments strong interest in decentralized energy governance structures and the ensuing launch of national pilot programs. The domestic government is using a combination of stringent regulatory measures and financial incentives to encourage energy industry stakeholders to pursue energy transition policies.
- Competitors identified in this market include, among others, ABB, Eaton Corporation, Emerson Electric Co., GE Grid Solutions LLC, Ontech Electric Corporation, Operation Technology Inc., RT Soft Group, S&C Electric Company, Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Spirae LLC, Woodward Inc.
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MICROGRID CONTROL SYSTEMS MCP13
MARKET ANALYSIS, TRENDS, AND FORECASTS, DECEMBER 2
CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Growing Investments in Energy Infrastructure: The Cornerstone for Growth in the Market
With Governments Forced to Address Power-Quality, Reliability & Sustainability Issues, Rising Investments in Energy Infrastructure to Benefit Demand for Energy Management & Control Systems/Solutions: Global Energy Investments (In US$ Billion) for the Years 2016, 2018, 2020
2. FOCUS ON SELECT PLAYERS
ABB (Switzerland)
Eaton Corporation (USA)
Emerson Electric Co. (USA)
GE Grid Solutions LLC (USA)
Ontech Electric Corporation (China)
Operation Technology, Inc. (USA)
RT Soft Group (Russia)
S&C Electric Company (USA)
Schneider Electric SE (France)
Schweitzer Engineering Laboratories, Inc. (USA)
Siemens AG (Germany)
Spirae, LLC (USA)
Woodward, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Focus on Decentralized Energy Generation Drives Deployment of Microgrids
Growing Value of Distributed Energy Resources (DERs) in Dual Addressal of Environmental Sustainability & Energy Security Challenges Drives Demand for Microgrids & Microgrid Technology Solutions: Global Microgrid Capacity (In MW) for Years 2016, 2018, 2020, 2022 and 2024
Rise of Smart Cities Drives the Focus on Engineering Microgrids to Achieve Slated Energy Goals
With Microgrids Being the Foundation for Smart Energy Infrastructure, Growing Interest in Smart Cities Bodes Well for the Creation of "Grid of Microgrids": Global Investments in Smart City Technologies (In US$ Million) for the Years 2017 & 2020
Private Sector Microgrids Rise Tall Over the Horizon to Offer Exciting Opportunities for Growth
Lost Economic Value Due to Power Outages Pushes Up the Monetary Value of Electric Reliability & the Significance of Private Microgrids in Offering Backup Power: Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
Chronic Public Sector Underfunding for Infrastructure Development Drives Private Participation & Investments in Distributed Energy Via Private Microgrids: Breakdown of Actual & Needed Infrastructure Spending (as a % of GDP) in Select Countries for the Year 2017
Rising Investments in Renewable Energy Leads to Rapid Mushrooming of Renewable Microgrids Across the Global Energy Terrain
Microgrids Are the Backbone Infrastructure that Makes Intermittent Renewable Energy More Resilient & Practically Deployable in the Real World Scenario: Global Net capacity Additions of Renewable Energy (In GW) for the Years 2010, 2013, 2016, 2018, 2020
Microgrid Controllers, a Vital Piece of Hardware Attracting Increased R&D
The Rise of Blockchain Microgrids Pushes Up the Importance, Complexity & Monetary Value of Effective Microgrid Control
The Move to Monetize Microgrids Sets Into Motion the Rise of Blockchain Microgrids With Complex Control, Processing & Management Requirements: Global Value of Blockchain Investments in the Energy Industry (In US$ Million) for the Years 2017, 2019, 2022 and 2024
Cloud Based Management of Microgrids: An Attractive Strategy for Community Microgrids
Supported by Myriad Benefits Automated Microgrid Control Systems Grow in Popularity
Hardware-in-the-Loop (HIL): A Key Innovation in Micro-Grid Control System
Impact of IoT on Microgrid Management
IoT Disrupts the Distributed Energy Space by Turning Microgrids into Smart Systems Capable of Maximizing Energy Efficiency & Energy Sharing & Trading: Global Value of IoT Investments in the Energy Industry (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
AI and the Microgrid Controller Are the New Pair
4. GLOBAL MARKET PERSPECTIVE
Table 1: Microgrid Control Systems Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 2: Microgrid Control Systems Market Share Shift across Key Geographies Worldwide: 2019 VS 2025
Table 3: Off-Grid (Grid Type) World Market by Region/Country in US$ Thousand: 2018 to 2025
Table 4: Off-Grid (Grid Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
Table 5: On-Grid (Grid Type) Potential Growth Markets Worldwide in US$ Thousand: 2018 to 2025
Table 6: On-Grid (Grid Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025
Table 7: Hardware (Component) Geographic Market Spread Worldwide in US$ Thousand: 2018 to 2025
Table 8: Hardware (Component) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Table 9: Software (Component) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2018 to 2025
Table 10: Software (Component) Market Share Breakdown by Region/Country: 2019 VS 2025
Table 11: Utilities (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 12: Utilities (Application) Distribution of Global Sales by Region/Country: 2019 VS 2025
Table 13: Institutes & Campuses (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2018 through 2025
Table 14: Institutes & Campuses (Application) Global Market Share Distribution by Region/Country for 2019 and 2025
Table 15: Industrial & Commercial (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2018-2025
Table 16: Industrial & Commercial (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2019 VS 2025
Table 17: Other Applications (Application) Worldwide Sales in US$ Thousand by Region/Country: 2018-2025
Table 18: Other Applications (Application) Market Share Shift across Key Geographies: 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Table 19: United States Microgrid Control Systems Market Estimates and Projections in US$ Thousand by Grid Type: 2018 to 2025
Table 20: United States Microgrid Control Systems Market Share Breakdown by Grid Type: 2019 VS 2025
Table 21: United States Microgrid Control Systems Market Estimates and Projections in US$ Thousand by Component: 2018 to 2025
Table 22: United States Microgrid Control Systems Market Share Breakdown by Component: 2019 VS 2025
Table 23: United States Microgrid Control Systems Latent Demand Forecasts in US$ Thousand by Application: 2018 to 2025
Table 24: Microgrid Control Systems Market Share Breakdown in the United States by Application: 2019 VS 2025
CANADA
Table 25: Canadian Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Grid Type: 2018 to 2025
Table 26: Microgrid Control Systems Market in Canada: Percentage Share Breakdown of Sales by Grid Type for 2019 and 2025
Table 27: Canadian Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Component: 2018 to 2025
Table 28: Microgrid Control Systems Market in Canada: Percentage Share Breakdown of Sales by Component for 2019 and 2025
Table 29: Canadian Microgrid Control Systems Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025
Table 30: Canadian Microgrid Control Systems Market Share Analysis by Application: 2019 VS 2025
JAPAN
Table 31: Japanese Market for Microgrid Control Systems: Annual Sales Estimates and Projections in US$ Thousand by Grid Type for the Period 2018-2025
Table 32: Japanese Microgrid Control Systems Market Share Analysis by Grid Type: 2019 VS 2025
Table 33: Japanese Market for Microgrid Control Systems: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2018-2025
Table 34: Japanese Microgrid Control Systems Market Share Analysis by Component: 2019 VS 2025
Table 35: Japanese Demand Estimates and Forecasts for Microgrid Control Systems in US$ Thousand by Application: 2018 to 2025
Table 36: Microgrid Control Systems Market Share Shift in Japan by Application: 2019 VS 2025
CHINA
Table 37: Chinese Microgrid Control Systems Market Growth Prospects in US$ Thousand by Grid Type for the Period 2018-2025
Table 38: Chinese Microgrid Control Systems Market by Grid Type: Percentage Breakdown of Sales for 2019 and 2025
Table 39: Chinese Microgrid Control Systems Market Growth Prospects in US$ Thousand by Component for the Period 2018-2025
Table 40: Chinese Microgrid Control Systems Market by Component: Percentage Breakdown of Sales for 2019 and 2025
Table 41: Chinese Demand for Microgrid Control Systems in US$ Thousand by Application: 2018 to 2025
Table 42: Chinese Microgrid Control Systems Market Share Breakdown by Application: 2019 VS 2025
EUROPE
Table 43: European Microgrid Control Systems Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
Table 44: European Microgrid Control Systems Market Share Shift by Region/Country: 2019 VS 2025
Table 45: European Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Grid Type: 2018-2025
Table 46: European Microgrid Control Systems Market Share Breakdown by Grid Type: 2019 VS 2025
Table 47: European Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Component: 2018-2025
Table 48: European Microgrid Control Systems Market Share Breakdown by Component: 2019 VS 2025
Table 49: European Microgrid Control Systems Addressable Market Opportunity in US$ Thousand by Application: 2018-2025
Table 50: European Microgrid Control Systems Market Share Analysis by Application: 2019 VS 2025
FRANCE
Table 51: Microgrid Control Systems Market in France by Grid Type: Estimates and Projections in US$ Thousand for the Period 2018-2025
Table 52: French Microgrid Control Systems Market Share Analysis by Grid Type: 2019 VS 2025
Table 53: Microgrid Control Systems Market in France by Component: Estimates and Projections in US$ Thousand for the Period 2018-2025
Table 54: French Microgrid Control Systems Market Share Analysis by Component: 2019 VS 2025
Table 55: Microgrid Control Systems Quantitative Demand Analysis in France in US$ Thousand by Application: 2018-2025
Table 56: French Microgrid Control Systems Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025
GERMANY
Table 57: Microgrid Control Systems Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Grid Type for the Period 2018-2025
Table 58: German Microgrid Control Systems Market Share Breakdown by Grid Type: 2019 VS 2025
Table 59: Microgrid Control Systems Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Component for the Period 2018-2025
Table 60: German Microgrid Control Systems Market Share Breakdown by Component: 2019 VS 2025
Table 61: Microgrid Control Systems Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2018-2025
Table 62: Microgrid Control Systems Market Share Distribution in Germany by Application: 2019 VS 2025
ITALY
Table 63: Italian Microgrid Control Systems Market Growth Prospects in US$ Thousand by Grid Type for the Period 2018-2025
Table 64: Italian Microgrid Control Systems Market by Grid Type: Percentage Breakdown of Sales for 2019 and 2025
Table 65: Italian Microgrid Control Systems Market Growth Prospects in US$ Thousand by Component for the Period 2018-2025
Table 66: Italian Microgrid Control Systems Market by Component: Percentage Breakdown of Sales for 2019 and 2025
Table 67: Italian Demand for Microgrid Control Systems in US$ Thousand by Application: 2018 to 2025
Table 68: Italian Microgrid Control Systems Market Share Breakdown by Application: 2019 VS 2025
UNITED KINGDOM
Table 69: United Kingdom Market for Microgrid Control Systems: Annual Sales Estimates and Projections in US$ Thousand by Grid Type for the Period 2018-2025
Table 70: United Kingdom Microgrid Control Systems Market Share Analysis by Grid Type: 2019 VS 2025
Table 71: United Kingdom Market for Microgrid Control Systems: Annual Sales Estimates and Projections in US$ Thousand by Component for the Period 2018-2025
Table 72: United Kingdom Microgrid Control Systems Market Share Analysis by Component: 2019 VS 2025
Table 73: United Kingdom Demand Estimates and Forecasts for Microgrid Control Systems in US$ Thousand by Application: 2
to 2025
Table 74: Microgrid Control Systems Market Share Shift in the United Kingdom by Application: 2019 VS 2025
REST OF EUROPE
Table 75: Rest of Europe Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Grid Type: 2018-2025
Table 76: Rest of Europe Microgrid Control Systems Market Share Breakdown by Grid Type: 2019 VS 2025
Table 77: Rest of Europe Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Component: 2018-2025
Table 78: Rest of Europe Microgrid Control Systems Market Share Breakdown by Component: 2019 VS 2025
Table 79: Rest of Europe Microgrid Control Systems Addressable Market Opportunity in US$ Thousand by Application: 2018-2025
Table 80: Rest of Europe Microgrid Control Systems Market Share Analysis by Application: 2019 VS 2025
ASIA-PACIFIC
Table 81: Microgrid Control Systems Market in Asia-Pacific by Grid Type: Estimates and Projections in US$ Thousand for the Period 2018-2025
Table 82: Asia-Pacific Microgrid Control Systems Market Share Analysis by Grid Type: 2019 VS 2025
Table 83: Microgrid Control Systems Market in Asia-Pacific by Component: Estimates and Projections in US$ Thousand for the Period 2018-2025
Table 84: Asia-Pacific Microgrid Control Systems Market Share Analysis by Component: 2019 VS 2025
Table 85: Microgrid Control Systems Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2018-2025
Table 86: Asia-Pacific Microgrid Control Systems Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025
REST OF WORLD
Table 87: Rest of World Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Grid Type: 2018 to 2025
Table 88: Microgrid Control Systems Market in Rest of World: Percentage Share Breakdown of Sales by Grid Type for 2019 and 2025
Table 89: Rest of World Microgrid Control Systems Market Estimates and Forecasts in US$ Thousand by Component: 2018 to 2025
Table 90: Microgrid Control Systems Market in Rest of World: Percentage Share Breakdown of Sales by Component for 2019 and 2025
Table 91: Rest of World Microgrid Control Systems Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025
Table 92: Rest of World Microgrid Control Systems Market Share Analysis by Application: 2019 VS 2025
IV. COMPETITION
Total Companies Profiled : 28 (including Divisions/Subsidiaries - 29)
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