Visiongain Publishes Global Microgrid Control System Market 2019-2029 Report
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
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.
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
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.
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Companies covered in the report include:
ABB Eaton Corporation Emerson Etap Exelon Corporation General Electric Hitachi, Ltd Honeywell International, Inc Lockheed Martin Corporation Northern Power Systems Corporation Ontech Electric Corporation Pareto Energy, Ltd Powersecure, Inc Princeton Power Systems Rt Soft S&C Electric Company Schneider Electric Schweitzer Engineering Laboratories (Sel) Siemens Spirae Woodward, Inc