
Microgrid Controller Market Share, Size, Trends, Industry Analysis Report, By Connectivity (Grid Connected, Off-Grid Connected); By Offering; By End-Use; By Region; Segment Forecast, 2022 - 2030
Description
Microgrid Controller Market Share, Size, Trends, Industry Analysis Report, By Connectivity (Grid Connected, Off-Grid Connected); By Offering; By End-Use; By Region; Segment Forecast, 2022 - 2030
The global microgrid controller market size is expected to reach USD 20.68 billion by 2030, according to a new study by Polaris Market Research. The report “Microgrid Controller Market Share, Size, Trends, Industry Analysis Report, By Connectivity (Grid Connected, Off-Grid Connected); By Offering; By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing need for microgrids in the utility, defense, and many other sectors and the implementation of smart city projects in underdeveloped regions, as well as the upgrading and modernization of grid infrastructure, are other factors contributing to the market expansion.
In the case of power failure, the microgrid ensures a steady supply of electricity. It distributes the load and provides additional assistance when connected to the main grid. The adoption of microgrid controller has increased due to the need for rural electrification.
The demand for a sustainable power supply, increased government spending, and a surge in the use of renewable energy sources are the factors responsible for market growth. In addition, the main purpose of microgrid controllers is to maximize energy output and improve microgrid performance, which is expected to accelerate market expansion.
Microgrid Controller Market Report Highlights
Microgrid Controller, Connectivity Outlook (Revenue – USD Billion, 2018 – 2030)
The global microgrid controller market size is expected to reach USD 20.68 billion by 2030, according to a new study by Polaris Market Research. The report “Microgrid Controller Market Share, Size, Trends, Industry Analysis Report, By Connectivity (Grid Connected, Off-Grid Connected); By Offering; By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing need for microgrids in the utility, defense, and many other sectors and the implementation of smart city projects in underdeveloped regions, as well as the upgrading and modernization of grid infrastructure, are other factors contributing to the market expansion.
In the case of power failure, the microgrid ensures a steady supply of electricity. It distributes the load and provides additional assistance when connected to the main grid. The adoption of microgrid controller has increased due to the need for rural electrification.
The demand for a sustainable power supply, increased government spending, and a surge in the use of renewable energy sources are the factors responsible for market growth. In addition, the main purpose of microgrid controllers is to maximize energy output and improve microgrid performance, which is expected to accelerate market expansion.
Microgrid Controller Market Report Highlights
- The grid connected segment accounted for the largest revenue in 2021 owing to the increased use of renewable energy sources, including offshore wind energy plants. Large-scale grid connected microgrid networks are widely utilized by the military, and the defense sector, which has accelerated the market growth.
- The hardware segment is being driven by a surge in microgrid projects in large-scale power plants, and needs from a range of industries, including manufacturing, mining, chemical, and oil & gas.
- The adoption of microgrid technology, which allows buildings to continue utilizing their own power in the case of a grid outage, is the key factor driving the expansion of the commercial and industrial segment.
- With more investment in the smart microgrid control infrastructure, a larger dependence on renewable energy sources for power generation, and modernization and repairs of the region’s old grid infrastructure, the market in the Asia Pacific is anticipated to experience a higher CAGR during the forecast period.
- Additionally, the North American region is expected to grow during the forthcoming period owing to its high proportion of market leading companies and government initiatives supporting the development of microgrids in this region.
- Major players operating in the industry include ABB; Caterpillar Inc.; CleanSpark Eaton; Encorp Emerson commercial & residential solutions; General Electric; Honeywell International; Lockheed Martin; Ontech Electric Corporation;Opus One Solutions; RTSoft; Princeton Power Systems; S&C Electric; Schweitzer Engineering Laboratories; Siemens; Spirae; Schweitzer Engineering Laboratories; Woodward Inc.
Microgrid Controller, Connectivity Outlook (Revenue – USD Billion, 2018 – 2030)
- Grid Connected
- Off-grid
- Hardware
- Software
- Services
- Commercial & Industrial
- Remote Areas
- Military
- Government
- Utilities
- Institutes & Campuses
- Healthcare
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
117 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Microgrid Controller Market Insights
- 4.1. Microgrid Controller – Industry Snapshot
- 4.2. Microgrid Controller Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing need for reliable, uninterrupted power supply
- 4.2.1.2. Surge in use of microgrids for rural electrification
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of microgrid controllers
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Microgrid Controller Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Microgrid Controller Market, by Connectivity
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 5.3. Grid Connected
- 5.3.1. Global Microgrid Controller Market, by Grid Connected, by Region, 2018 - 2030 (USD Billion)
- 5.4. Off-grid
- 5.4.1. Global Microgrid Controller Market, by Off-grid, by Region, 2018 - 2030 (USD Billion)
- 6. Global Microgrid Controller Market, by Offering
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 6.3. Hardware
- 6.3.1. Global Microgrid Controller Market, by Hardware, by Region, 2018 - 2030 (USD Billion)
- 6.4. Software
- 6.4.1. Global Microgrid Controller Market, by Software, by Region, 2018 - 2030 (USD Billion)
- 6.5. Services
- 6.5.1. Global Microgrid Controller Market, by Services, by Region, 2018 - 2030 (USD Billion)
- 7. Global Microgrid Controller Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 7.3. Commercial & Industrial
- 7.3.1. Global Microgrid Controller Market, by Commercial & Industrial, by Region, 2018 - 2030 (USD Billion)
- 7.4. Remote Areas
- 7.4.1. Global Microgrid Controller Market, by Remote Areas, by Region, 2018 - 2030 (USD Billion)
- 7.5. Military
- 7.5.1. Global Microgrid Controller Market, by Military, by Region, 2018 - 2030 (USD Billion)
- 7.6. Government
- 7.6.1. Global Microgrid Controller Market, by Government, by Region, 2018 - 2030 (USD Billion)
- 7.7. Utilities
- 7.7.1. Global Microgrid Controller Market, by Utilities, by Region, 2018 - 2030 (USD Billion)
- 7.8. Institutes & Campuses
- 7.8.1. Global Microgrid Controller Market, by Institutes & Campuses, by Region, 2018 - 2030 (USD Billion)
- 7.9. Healthcare
- 7.9.1. Global Microgrid Controller Market, by Healthcare, by Region, 2018 - 2030 (USD Billion)
- 8. Global Microgrid Controller Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Microgrid Controller Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 8.3. Microgrid Controller Market – North America
- 8.3.1. North America: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.3.2. North America: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.3. North America: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.3.4. Microgrid Controller Market – U.S.
- 8.3.4.1. U.S.: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.3.4.2. U.S.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.4.3. U.S.: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.3.5. Microgrid Controller Market – Canada
- 8.3.5.1. Canada: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.3.5.2. Canada.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.5.3. Canada: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4. Microgrid Controller Market – Europe
- 8.4.1. Europe: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.2. Europe.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.3. Europe: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.4. Microgrid Controller Market – UK
- 8.4.4.1. UK: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.4.2. UK.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.4.3. UK: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.5. Microgrid Controller Market – France
- 8.4.5.1. France: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.5.2. France.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.5.3. France: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.6. Microgrid Controller Market – Germany
- 8.4.6.1. Germany: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.6.2. Germany.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.6.3. Germany: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.7. Microgrid Controller Market – Italy
- 8.4.7.1. Italy: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.7.2. Italy.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.7.3. Italy: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.8. Microgrid Controller Market – Spain
- 8.4.8.1. Spain: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.8.2. Spain.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.8.3. Spain: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.9. Microgrid Controller Market – Netherlands
- 8.4.9.1. Netherlands: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.9.2. Netherlands.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.9.3. Netherlands: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.4.10. Microgrid Controller Market – Russia
- 8.4.10.1. Russia: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.4.10.2. Russia.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.10.3. Russia: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5. Microgrid Controller Market – Asia Pacific
- 8.5.1. Asia Pacific: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.5.2. Asia Pacific.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.3. Asia Pacific: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.4. Microgrid Controller Market – China
- 8.5.4.1. China: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.5.4.2. China.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.4.3. China: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.5. Microgrid Controller Market – India
- 8.5.5.1. India: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.5.5.2. India.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.5.3. India: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.6. Microgrid Controller Market – Malaysia
- 8.5.6.1. Malaysia: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.5.6.2. Malaysia.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.6.3. Malaysia: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.7. Microgrid Controller Market – Japan
- 8.5.7.1. Japan: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.5.7.2. Japan.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.7.3. Japan: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.8. Microgrid Controller Market – Indonesia
- 8.5.8.1. Indonesia: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.5.8.2. Indonesia.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.8.3. Indonesia: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.5.9. Microgrid Controller Market – South Korea
- 8.5.9.1. South Korea: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.5.9.2. South Korea.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.9.3. South Korea: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6. Microgrid Controller Market – Middle East & Africa
- 8.6.1. Middle East & Africa: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.4. Microgrid Controller Market – Saudi Arabia
- 8.6.4.1. Saudi Arabia: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.4.3. Saudi Arabia: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.5. Microgrid Controller Market – UAE
- 8.6.5.1. UAE: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.6.5.2. UAE.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.5.3. UAE: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.6. Microgrid Controller Market – Israel
- 8.6.6.1. Israel: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.6.6.2. Israel.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.6.3. Israel: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.6.7. Microgrid Controller Market – South Africa
- 8.6.7.1. South Africa: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.6.7.2. South Africa.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.7.3. South Africa: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7. Microgrid Controller Market – Latin America
- 8.7.1. Latin America: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.7.2. Latin America.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.3. Latin America: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7.4. Microgrid Controller Market – Mexico
- 8.7.4.1. Mexico: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.7.4.2. Mexico.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.4.3. Mexico: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7.5. Microgrid Controller Market – Brazil
- 8.7.5.1. Brazil: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.7.5.2. Brazil.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.5.3. Brazil: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 8.7.6. Microgrid Controller Market – Argentina
- 8.7.6.1. Argentina: Microgrid Controller Market, by Connectivity, 2018 - 2030 (USD Billion)
- 8.7.6.2. Argentina.: Microgrid Controller Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.6.3. Argentina: Microgrid Controller Market, by Offering, 2018 - 2030 (USD Billion)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. ABB
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Caterpillar Inc
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. CleanSpark Eaton
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Encorp Emerson commercial & residential solutions
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. General Electric
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Honeywell International
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Lockheed Martin
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Ontech Electric Corporation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Opus One Solutions
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. RTSoft
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Princeton Power Systems
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. S&C Electric
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Schweitzer Engineering Laboratories
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Siemens
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Spirae
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Schweitzer Engineering Laboratories
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Woodward Inc
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
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