1. Home
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends
Global Microgrid Controller Market Size, Share & Industry Trends Analysis Report By Connectivity, By Offering, By End User, By Regional Outlook and Forecast, 2022 – 2028

Global Microgrid Controller Market Size, Share & Industry Trends Analysis Report By Connectivity, By Offering, By End User, By Regional Outlook and Forecast, 2022 – 2028

  • September 2022
  • 244 pages
  • ID: 6352746
  • Format: PDF
  • KBV Research

Summary

Table of Contents

The Global Microgrid Controller Market size is expected to reach $12.6 billion by 2028, rising at a market growth of 21.8% CAGR during the forecast period.

A microgrid is a network of interconnected workloads and distributed energy sources that behave with the grid as a single, controllable entity. To function in island mode or grid-connected mode, it can connect to and disconnect from the grid. Distributed energy sources including generators, storage, and controllable loads can be incorporated into microgrids.

A microgrid controller is a system that manages the microgrid and specifies how and when to connect to/disconnect from the grid. When a system is islanded, actual and reactive power balance must be maintained immediately. Over a longer period, the control strategy must be used to decide how to allocate the resources. The allocation of resources is also done by a microgrid controller.

In the past, combined heat and power (CHP) systems powered by fossil fuels and generators with reciprocating engines were used to power microgrids. Nowadays, however, projects are utilizing more environmentally friendly resources, such as solar energy and energy storage. When emerging technologies like fuel cells and even small customizable nuclear reactors become commercially viable.

Microgrids can be powered by renewable energy sources, combustion turbines powered by natural gas or other sources. After weather- or protection outage hits the larger system, they can power crucial facilities. Additionally, microgrids can serve as the neighborhood’s or a hospital’s primary source of electricity. Many metropolitan areas are engaged in systems that can more effectively integrate generation assets and load, offer numerous users, and/or meet ecological or emergency response objectives.

COVID-19 Impact Analysis

The manufacturing and production activities across all industrial verticals have been significantly impacted by the COVID-19 outbreak. The governments of many countries have implemented a multitude of restrictions and lockdowns to deal with the problem. These elements have reduced industry employment and financial growth prospects. Due to the drop in demand for electricity, particularly for industrial operations, the necessity for microgrids and their operating systems significantly dropped during the pandemic.

Market Growth Factors

Increasing Demand For Consistent, Dependable Power Supply

Massive, distant power plants that use fossil fuels and are connected to centralized power grids produce electricity that is transmitted between different areas and nations. However, it has become more and more clear that these power plants have issues with ineffective power transmission. Conventional grids are susceptible to natural disasters, which typically cause network problems or blackouts. For instance, Typhoon Haiyan in the Philippines and Hurricane Sandy in the US, both caused widespread outages in urban centers like New York City and the Leyte Islands.

Reduced Energy Costs For Consumers And Businesses

Microgrids can help their clients save money while also generating income. Through effective energy supply management, they lower expenses. By reselling energy and services to the grid, they generate income. As a result, consumers have a new level of power in the energy markets. Through their microgrids, they can now produce and control energy as well as consume it. Prosumers are the name for these clients. Ancillary services perform grid-supporting tasks like frequency regulation and spinning reserves.

Market Restraining Factors

Changing International Standards, Laws, And Regulations

Being relatively new, microgrid technology is currently too dynamic and unpredictable for regulatory frameworks. For example, rules and guidelines for integrating microgrids into the larger grid are still being developed. The acceptability of microgrids is restricted by the current framework structure. For instance, grid-connected power inverters must shut down when they detect grid problems according to IEEE Standard 1547.

Connectivity Outlook

Based on connectivity, the microgrid controller market is bifurcated into grid connected and off-grid connected. The grid-connected segment acquired the highest revenue share in the microgrid controller market in 2021. Microgrids that are connected to the grid are made up of several generators, sophisticated controllers, and distribution networks. In addition to increasing grid resilience, enhancing electricity quality, and reducing environmental impact, these technologies also have a number of additional advantages that drive demand.

Offering Outlook

On the basis of offering, the microgrid controller market is divided into hardware, software, and services. The software segment witnessed a substantial revenue share in the microgrid controller market in 2021. A microgrid software is a comprehensive platform that enables project planning, visualization, and optimization for everyone from financiers to engineers and features integrated design stages.

End-User Outlook

Based on end-use application, the microgrid controller market is categorized into commercial & industrial, remote areas, military, government, utilities, manufacturing and healthcare. The military segment garnered a substantial revenue share in the microgrid controller market in 2021. For international military activities, power security is a crucial concern. Microgrids also improve physical security and cybersecurity, two major military issues, because they can run independently from the grid.

Regional Outlook

On the basis of region, the microgrid controller market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North American region garnered the highest revenue share in the microgrid controller market in 2021. The significant expansion of microgrids in the region is being fueled by third-party administration of microgrids and a tendency toward smaller (less than 5 MW) repeatable modular systems.

The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Siemens AG, Honeywell International, Inc. and ABB Group are the forerunners in the Microgrid Controller Market. Companies such as Schneider Electric SE, Cummins, Inc., Emerson Electric Co. are some of the key innovators in Microgrid Controller Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, General Electric (GE) Co., Schneider Electric SE, ABB Group, Honeywell International, Inc., Eaton Corporation, Caterpillar, Inc., S&C Electric Company, Cummins, Inc., and Emerson Electric Co.

Recent Strategies Deployed in Microgrid Controller Market

Partnership, Collaboration and Agreement:

Mar-2022: Honeywell collaborated with Duke Energy Sustainable Solutions (DESS), a commercial brand of Duke Energy, American electric power and natural gas holding company. Under this collaboration, the companies aimed to jointly develop and provide complete energy resiliency solutions targeted to markets across the United States. The collaboration strengthened energy security, and concentrated on communities with pressing resiliency requirements and developing scaled solutions to reduce the impact of power outages and other grid disruptions related to climate change. The collaboration also helped the companies to manage and measure the progress of their long-term environmental, social, and governance goals.

Dec-2020: Eaton formed a partnership with Enel X, the Enel Group’s advanced energy services business line. Under this partnership, the companies aimed for microgrid development in Puerto Rico by providing better sustainable and resilient power for the community. In this partnership, Eaton offered the installation expertise and key technology for the microgrid system and Enel X built, owned, and operated the system on behalf of Eaton. The companies also looked for additional opportunities to provide a microgrid-as-a-service approach together.

Nov-2020: Honeywell entered a collaboration with Vertiv, a global leader in designing, building, and servicing critical infrastructure. From this collaboration, Honeywell aimed to create more sustainable and efficient data center operations and thus offer integrated solutions that make it easier for data center operators to distill the huge amount of data they pull from the equipments into actions that create more efficient and sustainable operations.

Sep-2020: Schneider Electric partnered with geo (Green Energy Options), the smart home energy specialist based in Cambridge. Under this partnership, Schneider Electric facilitated innovation to make sure that they are best placed to develop net zero homes. The home energy infrastructure required a technological advancement to be smarter and hence, offer homeowners with complete control over energy generation, consumption, and storage.

Product Launch and Product Expansion:

Jan-2021: Schneider Electric unveiled EcoStruxure Microgrid Solution for Small & Medium Buildings. EcoStruxure Microgrid Solution is developed to assist companies in managing the Distributed Energy Resources (DERs) across different facilities. The product is easy to deploy and cost-efficient, allowing businesses to aim on getting the most out of their energy management system.

Nov-2020: Cummins introduced the PowerCommand Microgrid Control product line for managing, coordinating, and optimizing Distributed Energy Resources (DER): the MGC300 and MGC900. The launch marked a critical milestone for the company’s existing supervisory system-level control capabilities and microgrid solutions, which offered a suite of PowerCommand Digital Master Controls for a variety of applications around the world.

Acquisition, Joint Venture and Merger:

Aug-2022: Cummins acquired Meritor, a leading global supplier of drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicle and industrial markets. From this acquisition, the integration of Meritor’s people, products, and capabilities in the axle and brake technology positioned Cummins as a leading provider of integrated powertrain solutions across internal combustion and electric power applications. With this acquisition, Cummins and Meritor moved further and faster in developing economically viable decarbonized powertrain solutions that are better for people and the planet.

Oct-2021: Siemens Smart Infrastructure acquired Wattsense, a French startup providing a cloud-based building management platform. Through this acquisition, Siemens aimed to expand its offering in building energy management and automation in the French market. Siemens together with Wattsense would boost the adoption of IoT systems in a broader variety of buildings, thereby bringing sustainability, comfort, and cost advantages to more people and businesses.

Jan-2021: Schneider Electric acquired DC Systems, a Netherlands-based start-up. From this acquisition, Schneider Electric expanded its portfolio, to provide users with better resiliency for relevant applications like building microgrids in unreliable public grid environments or long-distance applications like public lighting with extreme simplicity.

Geographical Expansions:

Aug-2022: Cummins expanded its geographical footprint by launching a new microgrid test lab at the Cummins Power Generation facility in Fridley, Minnesota. The test lab allowed the company’s engineers and technical partners to assess and optimize the performance of complex microgrid systems. The test lab was built with the objective to verify and validate the solution’s capability to provide the performance and capability the customer expects.

Scope of the Study

Market Segments covered in the Report:

By Connectivity

• Grid Connected

• Off-grid Connected

By Offering

• Hardware

• Software

• Services

By End User

• Remote Areas

• Commercial & Industrial

• Military

• Government

• Utilities

• Manufacturing

• Healthcare

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Siemens AG

• General Electric (GE) Co.

• Schneider Electric SE

• ABB Group

• Honeywell International, Inc.

• Eaton Corporation

• Caterpillar, Inc.

• S&C Electric Company

• Cummins, Inc.

• Emerson Electric Co.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Microgrid Monitoring Systems Market Research Report by Component, Grid Type, Ownership, End User, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

  • $ 3949
  • January 2023
  • 237 pages

Microgrid Monitoring Systems Market Research Report by Component (Hardware, Services, and Software), Grid Type, Ownership, End User, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and ...

  • World
  • Microgrid
  • Industry analysis

ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on