Press release
Microgrid Control System Market to witness high grow between 2018 and 2024
Rising development of transmission and distribution infrastructure across different regions is one of the major drivers of the microgrid control system market. Rising investments, both public and private in developing grid system is boosting the growth of the microgrid control system market. Supportive government policies and initiatives to provide electricity in remote areas is also driving the growth of the microgrid control system market. However, a lack of understanding about this new technology still makes microgrids complex systems that require high-end design expertise to implement which is currently hindering the market growth. Furthermore, high levels of project management and finance requirement are further restraining the growth of the microgrid control system market.
Off-grid segment holds significant market share
By grid, Microgrid Control System market is segmented into on-grid and off-grid market. The off-grid segment accounted for a significant market share in 2018 owing to the rapid rise in investments to expand electricity coverage in remote areas. Growing demand for reliable and sustainable power supply supported by government efforts is significantly bolstering the growth of off-grid microgrid control system market. Rising demand across military bases, oil and gas, and mining sector will continue to propel the growth of this segment, thus positively impacting the overall market growth.
North America holds a significant market share
Geographically, Microgrid Control System market is segmented into North America, South America, Europe, Middle East and Africa, and the Asia Pacific. North America holds a significant market share throughout the forecast period owing to the early adoption of new technology and the presence of major market players in the region. APAC is projected to witness the significant CAGR between 2019 and 2024 owing to a rapid rise in the number of clean energy projects and data centers in the region. Increase in the investment in electrification projects is also boosting the growth of APAC Microgrid Control System market.
This report also includes a study of strategies and product portfolios of some of the leading companies in the Microgrid Control System market. It consists of company profiles of the leading companies- Eaton, Siemens, General Electric Company, Hitachi, Ltd., Exelon Corporation, Honeywell International Inc., Spirae, LLC, Woodward, Inc, PowerSecure, Inc., and Schneider Electric.
Request a sample or purchase the report: https://www.knowledge-sourcing.com/requestsample&sample_id=2459
Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
Contact:
Knowledge Sourcing Intelligence LLP
2nd Floor, D-77, Sector 63
Noida, U.P. - 201301
India
Follow Us:
Linkedin: https://www.linkedin.com/company/knowledge-sourcing-intelligence
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microgrid Control System Market to witness high grow between 2018 and 2024 here
News-ID: 1663489 • Views: …
More Releases from Knowledge Sourcing Intelligence LLP
Feed Grade Threonine Market Size, Trends, In-depth Analysis, Research Report For …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "feed-grade threonine market - which is forecasted from 2023 to 2028".
The feed-grade threonine market is estimated to grow at a CAGR of 5.12% during the forecast period.
With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the feed-grade threonine market. This will further help to establish business and growth plans…
Global Horse Feed Market Size, Trends, In-depth Analysis, Research Report Foreca …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "global horse feed market - which is forecasted from 2023 to 2028".
The global horse feed market is estimated to grow at a CAGR of 4.93% during the forecast period.
With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the global horse feed market. This will further help to establish business…
Wheat Seed Treatment Market Size, Trends, In-depth Analysis, Research Report For …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "wheat seed treatment market - which is forecasted from 2023 to 2028".
The Wheat seed Treatment market is estimated to grow at a CAGR of 7.49% during the forecast period.
With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the wheat seed treatment market. This will further help to establish business…
Mushroom Market Size, Trends, In-depth Analysis, Research Report Forecast up to …
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of "mushroom market- which is forecasted from 2023 to 2028".
The global mushroom market is expected to grow at a CAGR of 6.04% during the forecast period.
With both quantitative and qualitative analysis, this study intends to offer an in-depth assessment of the mushroom market. This will further help to establish business and growth plans and evaluate the…
More Releases for Control
Insect pest control Market Demand, Overview, Size, Trend, and Cleankill Pest Con …
Global Insect pest control report from Global Insight Services is the single authoritative source of intelligence on Insect pest control market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product…
Global Home Automation/ Access Control and CCTV Market For End Users/Application …
Researchmoz added Most up-to-date research on "Global Home Automation/ Access Control and CCTV Market For End Users/Applications - Lighting Control, Electrical Control and Control Door Locks" to its huge collection of research reports.
In this report, the global Home Automation/ Access Control and CCTV market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of…
Pest Control Services Market, by Application (Insect Control, Pest Control, Term …
Pest control is the management and regulation of variety of living organisms that are harmful for the human population. Pests such as cockroach, termites and various other organisms affect and hinder human activities mainly in agriculture, commercial, industrial, and residential processes. Pest control services are carried out to ensure hygiene and a healthy lifestyle. Pest control services include chemical control, mechanical control, and synthetic control among others. The most common…
Computer Numerical Control Software In Global Market: By Type - Linear Control & …
Researchmoz added Most up-to-date research on "Computer Numerical Control Software In Global Market: By Type - Linear Control & Multiple Axes Of Control" to its huge collection of research reports.
This report studies the global Computer Numerical Control Software market, analyzes and researches the Computer Numerical Control Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global…
Control Valves In Global Market From 2015 To 2021: By Type - Pneumatic Control V …
Researchmoz added Most up-to-date research on "Control Valves In Global Market From 2015 To 2021: By Type - Pneumatic Control Valves, Hydraulic Control Valves & Electric Control Valves" to its huge collection of research reports.
The major usage of control valves is to control conditions such as pressure, temperature, flow and liquid level either fully or partially closing or opening the valve in response to the signals being received from controllers.…
Global Acoustic Control System Market 2017 Acoustic Control, Oceaneering Interna …
Global Acoustic Control System sales will reach about 1011 billion USD in 2017 from 875 billion USD in 2012 all around the world, with the CAGR of 2.62%. The Leading growing markets are China, Southeast Asia, etc. USA, EU, Oceania, India, etc. is the mature market with low growth rate.
Global Acoustic Control System Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This Acoustic Control…
