Microgrid Control Systems Market to enjoy explosive growth

The Microgrid Control Systems market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Microgrid Control Systems Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

Competitive Landscape: ABB Group,  Siemens AG,  Hitachi, Ltd,  Eaton Corporation PLC,  Princeton Power Systems,  General Electric Corporation,  Pareto Energy, Ltd,  Honeywell International, Inc.,  Northern Power Systems Corporation,  Exelon Corporation and Others

Industry News:

- January 2018 - ABB received new orders worth USD 40 million from the Indonesian government to strengthen the country's power grid. It includes a consortium comprising of Doosan Heavy Industries and PT Hutama Karya, a state-owned construction company, to upgrade and expand the Muara Tawar combined cycle power plant in West Java, Indonesia. The innovative project will add 650 MW of electricity to the national grid.
- January 2018 - Siemens introduced dual microgrid controllers for decentralized energy installations of any size. It handles complex applications that manage smaller scale decentralized energy installations.

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Scope of the Report:

The Microgrid Control Systems Market is expected to register a CAGR of 12.25% over the forecast period 2022 - 2027.

Key Market Trends:

Grid-connected Segment Accounts for a Significant Share in the Market
- Grid-connected or grid-tied is a completely connected grid network, installed to provide energy in accordance with the requirements of the corresponding end user. The distinct benefit of being a cost-effective solution, among the available micro-grid solutions, has prompted a majority of house owners and small-sized enterprises to prefer the grid-connected microgrid systems to cater to their respective power requirements.
- The presence of large-scale grid-tied microgrid networks in university campuses and military and defense industry has led to an increased rate of adoption of control systems in the market.

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The United States Occupies the Largest Market share
- The rise of renewable energy and distributed generation systems is expected to drive the market over the forecast period.
- The traditional grid market is under increasing pressure. At the same time, its aging infrastructure requires major overhauls and the US EPA (Environmental Policy Agency) has imposed unprecedented greenhouse gas regulation, which is further driving the market for the integrated renewable energy microgrid control systems.
- The rising governmental support in the form of funding and state-level resiliency programs has increased the demand from institutions or campus applications, making it a key driver for the US market growth.

Regional Analysis for Microgrid Control Systems Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Microgrid Control Systems Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Microgrid Control Systems report coverage:

- A complete background analysis, which includes an assessment of the Global Microgrid Control Systems Market.

- Important changes in Microgrid Control Systems market dynamics

- Microgrid Control Systems Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Microgrid Control Systems market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Microgrid Control Systems industry developments

- Microgrid Control Systems Market shares and strategies of key players

- Emerging niche Microgrid Control Systems segments and regional markets

- An objective assessment of the trajectory of the Microgrid Control Systems market

- Recommendations to companies for strengthening their foothold in the Microgrid Control Systems market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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