Global Microgrid Control System Industry was valued at USD 1.9 Billion in the year 2018. Global Microgrid Control System Industry is further estimated to grow at a CAGR of 12.9% from 2018 to reach USD 4.6 Billion by the year 2025.Microgrids are same to main power grids but are same in size with low capacities. They are referred as to distribute electric grids that can be operated depending on the requirement.
Global Microgrid Control System Industry Share and Size by 2025 (USD Billion)
Microgrid control System are commonly low-power and low-voltage, and they can be worked in islanded in an off-grid or hybrid mode. These System for the most part have producing, transmission, and dispersion situated in a little territory, and are for the most part set up inside or near the utilization area. The framework can take a shot at both conventional sources, similar to coal and diesel, and furthermore inexhaustible sources, as sunlight based, wind, and consolidated warmth and power. More up to date System are being consolidated into capacity System to give nonstop power. Microgrids control System consistently screen, examine, and track the framework to keep up problem free task. These System must be equipped for controlling the power appraisals, recurrence, and different parameters of the lattice. Microgrid controllers are in this manner a standout amongst the most critical System in the microgrid and have been seeing a huge increment sought after concerning appropriation of microgrids. Numerous urban areas are presently hoping to go keen by utilizing smart System. This is bringing about an expanded interest for microgrid controllers.
Major market players in Microgrid Control System Industry are ABB Group, Spirae, Siemens, AG, Emerson, Hitachi Ltd, Eaton Corporation PLC, Princeton Power Systems, General Electric Corporation, Ontech Electric Corporation, Schweitzer Engineering Laboratories Inc., Pareto Energy Ltd, Honeywell International Inc., Northern Power Systems Corporation, PowerSecure, Exelon Corporation, and brief information of 4 more companies is provided in the report.
Microgrid Control System Industry, By Component
Microgrid Control System Market, By Ownership
Microgrid Control System Market, By Grid Type
Microgrid Control System Industry, By End-User
Microgrid Control System Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa