Report Description

Global Microgrid Control System Market is predicted to develop at a rapid pace throughout the forecast period. The global microgrid control system market is expected to register a higher CAGR in the forecast period 2024-2028, owing to increased expenditures in transmission and distribution infrastructure, as well as rising energy consumption. Numerous other variables that would benefit the industry are limited land availability in highly populated metropolitan areas and government measures to improve power access. The global microgrid control system market is growing at a rapid pace, driven by a range of factors including increasing demand for energy security, growing adoption of renewable energy, government support and initiatives, increasing focus on energy efficiency, advancements in energy storage technologies, and technological advancements in control systems.

Small-scale electrical networks known as microgrids can function both independently and in tandem with the national power grid. Typically, they are made up of a variety of distributed energy sources, including solar panels, wind turbines, battery energy storage devices, and generators. Microgrids are increasingly being used in a range of applications, from providing backup power for critical infrastructure to enabling communities to generate and manage their own energy.

To manage the complex operation of microgrids, a microgrid control system is needed. The microgrid control system acts as the brain of the microgrid, managing the supply and demand of electricity and ensuring that the microgrid operates safely and reliably. The system controls and monitors the various energy sources, storage devices, and loads in the microgrid, and optimizes their operation based on factors such as energy prices, demand, and weather conditions. The microgrid control system also manages the interaction between the microgrid and the main power grid, ensuring that the microgrid is properly synchronized with the main grid and can safely and seamlessly transition between islanded and connected modes of operation.

Increasing Demand for Energy Security: With increasing concerns about energy security and reliability, there is growing demand for microgrid solutions that can provide reliable and resilient power supply, particularly in critical infrastructure applications such as healthcare, data centers, and military installations. Microgrids can provide backup power during outages, ensuring that critical facilities remain operational.

Growing Adoption for Renewable Energy

The growing adoption of renewable energy sources such as solar and wind power is driving the need for microgrid control systems that can effectively integrate these sources into the microgrid and manage their variability. The microgrid control system can optimize the use of renewable energy sources and ensure that energy is available when needed.

Government Support and Initiatives

Governments around the world are supporting the development and deployment of microgrids through policies, incentives, and funding programs, which are driving growth in the market. For example, the US Department of Energy (DOE) has launched several programs to promote the deployment of microgrids, including the Microgrid System Design and Optimization Program and the Grid Modernization Initiative. These initiatives are aimed at advancing the development of microgrid solutions and technologies, improving the resilience and reliability of the power grid, and supporting the integration of renewable energy sources into the grid.

Technological Advancements in Control Systems & Advancements in Energy Storage Technologies

The ongoing advancements in microgrid control system technologies, including the use of artificial intelligence and machine learning, are improving the performance and efficiency of microgrids and driving demand for these solutions. The microgrid control system can use data analytics and predictive algorithms to optimize the operation of the microgrid and improve energy efficiency. The development of advanced energy storage technologies such as lithium-ion batteries is enabling the deployment of microgrid solutions that can store excess energy and provide backup power during outages.

Increased Demand for Remote Monitoring and Control

As microgrids are often located in remote areas, there is growing demand for remote monitoring and control solutions that can enable users to monitor and manage the microgrid from a central location. This trend is driving the development of advanced monitoring and control technologies, such as SCADA systems, that can enable remote management of the microgrid.

Challenges for Global Microgrid Control System Market

The high upfront costs associated with implementing microgrid solutions is one of the biggest challenges facing the global microgrid control system market, particularly for larger systems, which can make it difficult for some organizations and communities to justify the investment in microgrid technology. Furthermore, microgrid systems are complex and require specialized expertise in design, engineering, and integration, which can be a significant challenge for organizations that do not have the necessary expertise or experience. Additionally, the regulatory environment can also present challenges as some frameworks do not fully support the integration of microgrid solutions into the grid, making it difficult for organizations to secure the necessary permits and approvals. While microgrid solutions can be effective in specific settings, they may not be scalable or cost-effective in all situations. For example, in remote areas with low energy demand, the cost of building and operating a microgrid system may be prohibitively high. Overall, addressing these challenges will be critical to the continued growth and success of the global microgrid control system market. This will require ongoing investment in research and development, as well as collaboration and coordination between stakeholders across the energy ecosystem.



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Recent Developments

·       In Jan 2021, ABB technology and its open innovation policy are pushing worldwide microgrid implementation. The company's digital portfolio provides safe, smart, and sustainable solutions for a world that requires a dramatic shift towards renewables to reach 7.6% annual global greenhouse gas reductions over the next decade. Microgrids make power networks more robust by leveraging wind, solar, energy storage devices, and electric cars. They are increasingly being utilized to defend facilities against extreme weather events, energy security issues, and big fluctuations in power demand. Estimates expect substantial double-digit yearly growth for microgrids over the next decade, with installed capacity growing from less than 5GW to more over 20GW globally. Yearly investment is expected to reach USD 40 billion by the end of the decade.

·      Siemens created dual microgrid controllers for any size decentralized energy system. It manages complicated programs that control dispersed energy installations on a smaller scale.

Market Segmentation

On the basis of Grid Type, the market is segmented into On grid, Off-grid, Hybrid and Others. On the basis of Component, the market is segmented into Hardware and Software. On the basis of Application, the market is segmented into Utilities, Cities & Municipalities, Defense, and Industrial.

Company Profiles

Siemens AG, General Electric Company, ABB Ltd, Emerson Electric Co, Eaton Corporation, Schneider Electric SE, Spirae, LLC, Schweitzer Engineering Laboratories (Sel), Electrical Transient Analyzer Program, S&C Electric Company, are among the major players that are driving the growth of the Global Microgrid Control System Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Grid Type

By Component

By Application

By Region

Regional Scope

Asia-Pacific, North America, Europe, Middle East & Africa and South America

Country Scope

China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, Brazil, Argentina, Colombia

Key Companies Profiled

Siemens AG, General Electric Company, ABB Ltd, Emerson Electric Co, Eaton Corporation, Schneider Electric SE, Spirae, LLC, Schweitzer Engineering Laboratories (Sel), Electrical Transient Analyzer Program, S&C Electric Company

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)


Report Scope:

In this report, the global Microgrid Control System market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Microgrid Control System Market, By Grid Type:
    • On grid
    • Off-grid
    • Hybrid
    • Others
  • Microgrid Control System Market, By Component:
    • Hardware
    • Software
  • Microgrid Control System Market, By Application:
    • Utilities
    • Cities & Municipalities
    • Defense
    • Industrial
  • Microgrid Control System Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Middle East & Africa
      • Israel
      • Turkey
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Microgrid Control System market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Key Factors for Service Provider

4.3.  Key Satisfaction Level

4.4.  Key Challenges Faced

5.    Global Microgrid Control System Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Grid Type (On grid, Off-grid, Hybrid and Others)

5.2.2.    By Component (Hardware, Software)

5.2.3.    By Application (Utilities, Cities & Municipalities, Defense, and Industrial)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

6.    North America Microgrid Control System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Grid Type

6.2.2.    By Component

6.2.3.    By Application

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Microgrid Control System Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Grid Type

6.3.1.2.2.           By Component

6.3.1.2.3.           By Application

6.3.2.    Canada Microgrid Control System Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Grid Type

6.3.2.2.2.           By Component

6.3.2.2.3.           By Application

6.3.3.    Mexico Microgrid Control System Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Grid Type

6.3.3.2.2.           By Component

6.3.3.2.3.           By Application

7.    Asia-Pacific Microgrid Control System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Grid Type

7.2.2.    By Component

7.2.3.    By Application

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Microgrid Control System Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Grid Type

7.3.1.2.2.           By Component

7.3.1.2.3.           By Application

7.3.2.    Japan Microgrid Control System Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Grid Type

7.3.2.2.2.           By Component

7.3.2.2.3.           By Application

7.3.3.    South Korea Microgrid Control System Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Grid Type

7.3.3.2.2.           By Component

7.3.3.2.3.           By Application

7.3.4.    India Microgrid Control System Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Grid Type

7.3.4.2.2.           By Component

7.3.4.2.3.           By Application

7.3.5.    Australia Microgrid Control System Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Grid Type

7.3.5.2.2.           By Component

7.3.5.2.3.           By Application

8.    Europe Microgrid Control System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Grid Type

8.2.2.    By Component

8.2.3.    By Application

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Microgrid Control System Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Grid Type

8.3.1.2.2.           By Component

8.3.1.2.3.           By Application

8.3.2.    United Kingdom Microgrid Control System Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Grid Type

8.3.2.2.2.           By Component

8.3.2.2.3.           By Application

8.3.3.    France Microgrid Control System Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Grid Type

8.3.3.2.2.           By Component

8.3.3.2.3.           By Application

8.3.4.    Italy Microgrid Control System Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Grid Type

8.3.4.2.2.           By Component

8.3.4.2.3.           By Application

8.3.5.    Spain Microgrid Control System Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Grid Type

8.3.5.2.2.           By Component

8.3.5.2.3.           By Application

9.    South America Microgrid Control System Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Grid Type

9.2.2.    By Component

9.2.3.    By Application

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Microgrid Control System Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Grid Type

9.3.1.2.2.           By Component

9.3.1.2.3.           By Application

9.3.2.    Argentina Microgrid Control System Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Grid Type

9.3.2.2.2.           By Component

9.3.2.2.3.           By Application

9.3.3.    Colombia Microgrid Control System Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Grid Type

9.3.3.2.2.           By Component

9.3.3.2.3.           By Application

10. Middle East & Africa Microgrid Control System Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Grid Type

10.2.2. By Component

10.2.3. By Application

10.2.4. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Israel Microgrid Control System Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Grid Type

10.3.1.2.2.         By Component

10.3.1.2.3.         By Application

10.3.2. Turkey Microgrid Control System Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Grid Type

10.3.2.2.2.         By Component

10.3.2.2.3.         By Application

10.3.3. UAE Microgrid Control System Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Grid Type

10.3.3.2.2.         By Component

10.3.3.2.3.         By Application

10.3.4. Saudi Arabia Microgrid Control System Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Grid Type

10.3.4.2.2.         By Component

10.3.4.2.3.         By Application

11. Market Dynamics

11.1.             Drivers

11.1.1. Increased demand clean energy sources and adoption of EV’s

11.1.2. Government regulations and incentives

11.1.3. Increasing awareness about environmental sustainability

11.2.             Challenges

11.2.1. Lack of infrastructure

11.2.2. High cost of recycling

12. Market Trends & Developments

12.1.         Increasing investments in recycling infrastructure

12.2.         Development of new recycling technologies

12.3.         Emergence of closed loop recycling

12.4.         Expansion of the circular economy

12.5.         Increasing demand for raw materials

13. Company Profiles

13.1.                Siemens AG

13.1.1.    Business Overview

13.1.2.    Key Revenue (If Available)

13.1.3.    Recent Developments

13.1.4.    Key Personnel

13.1.5.    Key Product/Service Offered

13.2.                General Electric Company

13.2.1.    Business Overview

13.2.2.    Key Revenue (If Available)

13.2.3.    Recent Developments

13.2.4.    Key Personnel

13.2.5.    Key Product/Service Offered

13.3.                  ABB Ltd

13.3.1.    Business Overview

13.3.2.    Key Revenue (If Available)

13.3.3.    Recent Developments

13.3.4.    Key Personnel

13.3.5.    Key Product/Service Offered

13.4.                Emerson Electric Co

13.4.1.    Business Overview

13.4.2.    Key Revenue (If Available)

13.4.3.    Recent Developments

13.4.4.    Key Personnel

13.4.5.    Key Product/Service Offered

13.5.                Eaton Corporation

13.5.1.    Business Overview

13.5.2.    Key Revenue (If Available)

13.5.3.    Recent Developments

13.5.4.    Key Personnel

13.5.5.    Key Product/Service Offered

13.6.                Schneider Electric SE

13.6.1.    Business Overview

13.6.2.    Key Revenue (If Available)

13.6.3.    Recent Developments

13.6.4.    Key Personnel

13.6.5.    Key Product/Service Offered

13.7.                Spirae, LLC

13.7.1.    Business Overview

13.7.2.    Key Revenue (If Available)

13.7.3.    Recent Developments

13.7.4.    Key Personnel

13.7.5.    Key Product/Service Offered

13.8.                  Schweitzer Engineering Laboratories (Sel)

13.8.1.    Business Overview

13.8.2.    Key Revenue (If Available)

13.8.3.    Recent Developments

13.8.4.    Key Personnel

13.8.5.    Key Product/Service Offered

13.9.                Electrical Transient Analyzer Program

13.9.1.    Business Overview

13.9.2.    Key Revenue (If Available)

13.9.3.    Recent Developments

13.9.4.    Key Personnel

13.9.5.    Key Product/Service Offered

13.10.             S&C Electric Company.

13.10.1. Business Overview

13.10.2. Key Revenue (If Available)

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Service Offered

14. Strategic Recommendations

14.1.         Fastest Growing Market by Grid Type

14.2.         Dominating Market by Application

14.3.         Dominating Market by Region & Country

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Key players in the market are Siemens AG, General Electric Company, ABB Ltd, Emerson Electric Co, Eaton Corporation, Schneider Electric SE, Spirae, LLC, Schweitzer Engineering Laboratories (Sel), Electrical Transient Analyzer Program, and S&C Electric Company., among others.

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A microgrid control system is a set of hardware and software technologies that allow a microgrid to operate efficiently and securely. A microgrid is a small-scale electrical network that can operate independently or in conjunction with the main power grid. It typically consists of a combination of distributed energy resources such as solar panels, wind turbines, battery energy storage systems, and generators.

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A microgrid control system’s advantages include increased resilience, enhanced energy efficiency, greater integration of renewable energy and grid independence.

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Increasing demand for energy security, growing adoption of renewable energy and advancements in energy storage technologies are expected to be the main drivers for the growth of the Global Microgrid Control System Market during the forecast period.

profile

Parvati Sharma

Account Manager BD
Press Release

Microgrid Control System Market is Driven by Growing demand for reliable and resilient power supply Through 2028

Jun, 2023

Global Microgrid Control System market is expected to develop quickly due to rising renewable energy adoption and rising need for energy security.