Press release
Microgrid Monitoring Market to Reach USD 481.37 Bn by 2029, emerging at a CAGR of 12 percent and forecast 2023-2029
Microgrid Monitoring Market
To provide accurate insights, the report employs a robust research methodology. A detailed study of factors driving and restraining market growth is presented, along with an analysis of the COVID-19 pandemic's impact on key players' revenue.
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What are Microgrid Monitoring Market Dynamics:
Global Microgrid Monitoring Market, by Product 2023-2029 (US$ MN) Hardware Software.The global market for microgrid monitoring is expected to augment market growth from 2023 to 2029 thanks to the upsurge in renewable energy generation. As per the IEA, renewableelectricity is set to expand by 40% worldwide by 2022. An additional 920 GW ofrenewablecapacity would be installed by 2022 which would drive the global market for microgrid monitoring.Growing electrification projects in rural areas are likely to create income opportunities forcompanies in the global market over 2023-2029. However, the high maintenance andinstallation cost of microgrid monitoring systems is hindering the market growth to anexcessive extent.
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Microgrid Monitoring Market Regional Insights:
The Asia Pacific region, notably China, dominates the market, valued at USD 21 million in 2022 and expected to reach USD 26 million by 2029, with a compelling CAGR of 86%. China's robust distribution capacities and power generation drive significant demand for microgrid monitoring systems.
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What is Microgrid Monitoring Market Segmentation:
by Application
Military
Campus
Community
Island
Remote
by Product
Hardware
Software
by Grid type
On-grid
Off-grid
Who are Microgrid Monitoring Market Key Players:
1. Eaton
2. GE Alstom
3. S&C Electric Company
4. Schneider Electric
5. ABB
6. Homer Energy
7. Honeywell International
8. Hitachi
9. Lockheed Martin
10. Spirae
11. Exelon
12. Toshiba
13. Advanced Microgrid Solutions
14. Viridity Energy Solutions
15. Caterpillar
16. Tesla
17. Enercon
18. Etap
19. Power Analytics Corporation
20. Siemens AG
21. Schweitzer Engineering Laboratories
22. Scale Microgrid Solutions
23. SMA Solar Technology AG
24. Aggreko
Table of content for the Microgrid Monitoring Market includes:
Global Microgrid Monitoring Market: Research Methodology
Global Microgrid Monitoring Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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3.Global Microgrid Monitoring Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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