Global Microgrid Controller Market Expected to reach $18.84 billion by 2026 growing at a CAGR of 16.7%

Global Microgrid Controller Market is accounted for $4.67 billion in 2017 and is expected to reach $18.84 billion by 2026 growing at a CAGR of 16.7%. Factors such as huge investments from the government for microgrid projects, the shift towards renewable energy sources and improvement in the efficiency of microgrids are fueling the market growth. However, the high price of microgrid controllers and stringent government regulations are hampering the growth of the market. Furthermore, modernized smart cities in developing countries are the growth opportunities for the market.

Microgrid controllers consist of hardware, software, and services. Hardware includes generation optimizers, local controllers, supervisory controllers, communications network, and human-machine interfaces. The expected largest market share of hardware is attributed to the high cost of components such as generation optimizers, HMIs, and intelligent controllers.

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Based on connectivity, connected grid segment propels the market share during the forecast period. As grid connected microgrids have higher reliability than remote/island microgrids owing to their connection with power grids. By geography, Asia Pacific region is anticipated to grow due to the development of the industrial sector and power infrastructure in several of the region's countries provide significant growth opportunities to local as well as global market players.

Some of the key players in Microgrid Controller market include Eaton, Schweitzer Engineering Laboratories, ABB, Honeywell, Power Analytics, Go Electric, S&C Electric, Siemens, Lockheed Martin, Homer Energy, GE Power, Emerson, Qinous, Advanced Microgrid Solutions, and Princeton Power Systems.

Ownerships Covered:
- Private
- Public

Offerings Covered:
- Software
- Service
- Hardware

Connectivities Covered:
- Off Grid/ Isolanded/Remote
- Grid Connected
- Hybrid

End Users Covered:
- Commercial
- Healthcare
- Government
- Utilities
- Industrial
- Educational Institutes
- Military & Defense
- Other End Users

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Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Microgrid Controller Market, By Ownership
5.1 Introduction
5.2 Private
5.3 Public

6 Global Microgrid Controller Market, By Offering
6.1 Introduction
6.2 Software
6.3 Service
6.4 Hardware

7 Global Microgrid Controller Market, By Connectivity
7.1 Introduction
7.2 Off Grid/ Isolanded/Remote
7.3 Grid Connected
7.4 Hybrid

8 Global Microgrid Controller Market, By End User
8.1 Introduction
8.2 Commercial
8.3 Healthcare
8.4 Government
8.5 Utilities
8.6 Industrial
8.7 Educational Institutes
8.8 Military & Defense
8.9 Other End Users

9 Global Microgrid Controller Market, By Geography

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling

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