Press release
Microgrid Control System Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
The global microgrid control system market is anticipated to grow at a CAGR of 12.5% during the forecast period (2023-2030). New microgrid solution launches to meet the growing demand for energy across several end-user sector is a key factor driving the growth of the microgrid control system market. For instance, in May 2023, Schneider Electric announced its EcoStruxure Microgrid Flex, a standardized microgrid solution designed to help businesses achieve a faster path to net zero, while reducing project timelines and helping to deliver a greater return on investment for the system.In September 2023, Danone announced to develop resilient microgrid in South Africa anchored by hydrogen ready combined heat and power technology. Moshesh Cogeneration, a special purpose vehicle owned by Moshesh Partners and backed by Rand Merchant Bank, has selected Clarke Energy to deliver a full turnkey CHP facility and microgrid controller to Danone. The microgrid project will support Danone's global commitment to Net Zero by 2050, as well as the demand for a resilient local energy solution during the current supply challenges in South Africa. Given the country wide power crisis and frequent grid failures beyond load shedding, this solution will deliver resilient power supplies and therefore maximum uptime to the 24/7 manufacturing plant. The hydrogen ready CHP solution can be converted to H2 operation as soon as sufficient supply is available. Thus, the growing microgrid development to meet growing demand for power is driving the global market growth.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Siemens AG, ABB Group, Hitachi, Ltd., General Electric Corp., and Honeywell International, Inc., among others.
Microgrid Control System Market Report Segment
By Type
Grid-Connected
Off-Grid
By End-User
Utilities
Cities & Municipalities
Industrial
Other (Defense)
A full Report of Microgrid Control System Market is Available @ https://www.omrglobal.com/industry-reports/microgrid-control-system-market
Microgrid Control System Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Eaton Corp.
Emersion Inc.
ETAP Inc.
Exelon Corp.
Northern Power Systems Corp.
ONTECH Electric Corp.
Pareto Energy, Ltd.
Power Secure, Inc.
Princeton Power Systems
S&C Electric Company
Schneider Electric
Schweitzer Engineering Laboratories
SPIRAL Inc.
Woodward Inc.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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