“The microgrid control systems market was valued at USD 23.5 billion in 2018, and is expected to reach a market value of USD 41.7 billion by 2024, registering a CAGR of 12.25% during the forecast period (2019-2024).”
Microgrid Control Systems Market report contains a forecast of the next 5 years, starting 2019 and ending 2024 with a host of metrics like supply-demand ratio, Microgrid Control Systems market frequency, dominant players of Microgrid Control Systems market, driving factors, restraints, and challenges. The report also contains market revenue, sales, Microgrid Control Systems production and manufacturing cost that could help you get a better view on the market. The Report Focuses on the key Global Microgrid Control Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Top Companies in the Global Microgrid Control Systems Market: ABB Group, Siemens AG, Hitachi, Ltd, Eaton Corporation PLC, Princeton Power Systems, General Electric Corporation, Pareto Energy, Ltd, Honeywell International, Inc., Northern Power Systems Corporation, Exelon Corporation And others.
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Grid-connected Segment Accounts for a Significant Share in the Market:
– Grid-connected or grid-tied is a completely connected grid network, installed to provide energy in accordance with the requirements of the corresponding end user. The distinct benefit of being a cost-effective solution, among the available micro-grid solutions, has prompted a majority of house owners and small-sized enterprises to prefer the grid-connected microgrid systems to cater to their respective power requirements.
– The presence of large-scale grid-tied microgrid networks in university campuses and military and defense industry has led to an increased rate of adoption of control systems in the market.
– The upcoming developments toward the evolution of a connected environment have led to large-scale investment by manufacturers establishing a private network of power, in case of a breakdown in regular sources.
– The Asia-Pacific region is witnessing increased developmental activities regarding grid-connected technology with countries, such as Singapore and India investing in installing grid-connected for efficient energy management.
Regional Analysis For Microgrid Control Systems Market:
–North America (United States, Canada and Mexico)
-Asia-Pacific (China-Europe, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
-Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
-Central & South America (Brazil, Rest of South America)
–Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
The report has 150 tables and figures browse the report description and TOC:
Some major points from Table of Content:
- Microgrid Control Systems market Overview
- Microgrid Control Systems market Economic Impact
- Competition by Manufacturer
- Production, Revenue (Value) by Region (2019-2025)
- Supply (Production), Consumption, Export, Import by Regions (2019-2025)
- Production, Revenue (Value), Price Trend by Type
- Microgrid Control Systems market Analysis by Application
- Market by Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders.
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