Microgrid Control Systems Market
Segments - by Types (Off-Grid, On-Grid, and Hybrid), Components (Software and Hardware), Ownership (Private and Public), Applications (Industrial, Cities & Municipalities, Utilities, Military & Defense, Campuses & Institutions, and Others), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The global microgrid control systems market size was valued at around USD 23.70 Billion in 2021 and is expected to reach USD 46.91 Billion by 2030, expanding at a CAGR of around 12.25% during the forecast period, 2022-2030. The growth of the market is attributed to the increasing improvements in control and energy management.
Microgrid refers to a group of electricity users with a local source of supply, which is usually attached to a centralized national grid and function independently. Grid connects houses, businesses, and other buildings to central sources of power. The whole interconnected network affects when a part of the grid needs repair. Microgrids, though they operate while connected to the grid, can operate independently when needed. Microgrids can be powered by batteries, generators, or renewable energy resources depending upon its requirements. Microgrids aid in strengthening grid resilience, mitigating grid disturbances, and function as a grid resource. Microgrids provide backups for the grid, which allows communities to be energy independent and environmentally friendly. Microgrid control systems are control and information systems that provide necessary functionality to ensure the generation and distribution of energy at minimal operational costs.
Market Trends, Drivers, Restraints, and Opportunities
- Technological advancements in energy management systems are expected to drive the market during the forecast period.
- Rising demand for backup solutions in in developing and underdeveloped countries fuels the microgrid control systems market.
- Growing adoption of microgrid control systems by industries to reduce carbon emission and cost of operations boosts the market.
- High cost associated with installation and maintenance of microgrid control systems and lack of skilled labor needed for those systems are anticipated to hamper the growth of the market during the coming years.
- Lack of awareness regarding technological advancements in microgrid control systems hinders the growth of the market.
- Growing industrial sector is expected to offer growth opportunities to the key market players during the projected years.
Scope of the Report
The report on the global microgrid control systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
|
Report Title |
Microgrid Control Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2022–2030 |
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Segmentation |
Types (Off-Grid, On-Grid, and Hybrid), Components (Software and Hardware), Ownership (Private and Public), and Applications (Industrial, Cities & Municipalities, Utilities, Military & Defense, Campuses & Institutions, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Hitachi, Ltd.; Borqs Technologies, Inc.; Siemens AG; ABB Group; General Electric Corporation; Eaton Corporation PLC; Princeton Power Systems; Honeywell International, Inc.; Northern Power Systems, Inc.; Exelon Corporation; Schneider Electric SE; ONTECH Electric Corporation; and Others |
Market Segment Insights
On-grid segment drives the market
Based on types, the market is divided into off-grid, on-grid, and hybrid. The on-grid segment is expected to boost the market during the forecast period, as they are cost-effective, reliable, and energy-efficient than other types of microgrids. The off-grid segment is anticipated to expand during the forecast period, due to growing electrification of rural and remote areas across the globe.
Software segment boosts the market
On the basis of components, the market is bifurcated into software and hardware. The software segment is projected to drive the market during the forecast period, owing to its crucial role in predicting, managing, monitoring, and improving demand and supply of energy for microgrid networks.
The private segment holds a key market share
In terms of ownership, the market is divided into private and public. The private segment is estimated to expand significantly during the forecast period, due to growing demand for primary energy and rising government initiative beneficial for private players. Increasing demand for domestic and household electricity is anticipated to boost the private segment in the coming years.
Commercial & industrial segment register a high CAGR
Based on applications, the market is segregated into industrial, cities & municipalities, utilities, military & defense, campuses & institutions, and others. The industrial segment is projected to drive the market during the forecast period, as industries around the globe are adopting measures to reduce carbon emission and optimize their energy consumption. Industries are adopting microgrid systems to reduce their energy costs and operation costs, which aid in the expansion of the industrial segment.
Asia Pacific dominates the market
In terms of regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to register a high CAGR during the forecast period, due to growing investments in smart microgrid control infrastructure, rising dependency on sustainable sources for power generation, and modernization of electrical works in the region. Developing countries in Asia Pacific are importing new technologies to improve their microgrid control systems, which aids in the expansion of the market. The market is North America is anticipated to expand during the forecast period, owing to increasing smart grid activities and growing usage of sustainable sources in power production in the region.
Segments
The global microgrid control systems market has been segmented on the basis ofTypes
- Off-Grid
- On-Grid
- Hybrid
- Software
- Hardware
- Private
- Public
- Industrial
- Cities & Municipalities
- Utilities
- Military & Defense
- Campuses & Institutions
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Hitachi, Ltd.
- Borqs Technologies, Inc.
- Siemens AG
- ABB Group
- General Electric Corporation
- Eaton Corporation PLC
- Princeton Power Systems
- Honeywell International, Inc.
- Northern Power Systems, Inc.
- Exelon Corporation
- Schneider Electric SE
- ONTECH Electric Corporation
- Others
Competitive Landscape
The global microgrid control systems market is moderately fragmented with the presence of key players such as Hitachi, Ltd.; Borqs Technologies, Inc.; Siemens AG; ABB Group; General Electric Corporation; Eaton Corporation PLC; Princeton Power Systems; Honeywell International, Inc.; Northern Power Systems, Inc.; Exelon Corporation; Schneider Electric SE; ONTECH Electric Corporation; and others, who use business strategies such as acquisitions, collaborations, mergers, product launches, and partnerships to strengthen their hold on the market. For example, in September 2021, Borqs Technologies, Inc., a provider of Internet of Things (IoT) software and integrated products, signed a term to acquire 51% of stakes in Holu Hou Energy, LLC, a provider for innovative microgrid functions. In November 2021, Siemens AG partnered with Fluence Energy to aid the island of Madeira, Portugal to gain energy independence and grid resilience.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microgrid Control Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microgrid Control Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microgrid Control Systems Market - Supply Chain
4.5. Global Microgrid Control Systems Market Forecast
4.5.1. Microgrid Control Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microgrid Control Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Microgrid Control Systems Market Absolute $ Opportunity
5. Global Microgrid Control Systems Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Microgrid Control Systems Market Size and Volume Forecast by Types
5.3.1. Off-Grid
5.3.2. On-Grid
5.3.3. Hybrid
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Microgrid Control Systems Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Microgrid Control Systems Market Size and Volume Forecast by Applications
6.3.1. Industrial
6.3.2. Cities & Municipalities
6.3.3. Utilities
6.3.4. Military & Defense
6.3.5. Campuses & Institutions
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Microgrid Control Systems Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Microgrid Control Systems Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Microgrid Control Systems Demand Share Forecast, 2019-2026
8. North America Microgrid Control Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Microgrid Control Systems Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Microgrid Control Systems Market Size and Volume Forecast by Types
8.4.1. Off-Grid
8.4.2. On-Grid
8.4.3. Hybrid
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Microgrid Control Systems Market Size and Volume Forecast by Applications
8.7.1. Industrial
8.7.2. Cities & Municipalities
8.7.3. Utilities
8.7.4. Military & Defense
8.7.5. Campuses & Institutions
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Microgrid Control Systems Demand Share Forecast, 2019-2026
9. Latin America Microgrid Control Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Microgrid Control Systems Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Microgrid Control Systems Market Size and Volume Forecast by Types
9.4.1. Off-Grid
9.4.2. On-Grid
9.4.3. Hybrid
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Microgrid Control Systems Market Size and Volume Forecast by Applications
9.7.1. Industrial
9.7.2. Cities & Municipalities
9.7.3. Utilities
9.7.4. Military & Defense
9.7.5. Campuses & Institutions
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Microgrid Control Systems Demand Share Forecast, 2019-2026
10. Europe Microgrid Control Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Microgrid Control Systems Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Microgrid Control Systems Market Size and Volume Forecast by Types
10.4.1. Off-Grid
10.4.2. On-Grid
10.4.3. Hybrid
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Microgrid Control Systems Market Size and Volume Forecast by Applications
10.7.1. Industrial
10.7.2. Cities & Municipalities
10.7.3. Utilities
10.7.4. Military & Defense
10.7.5. Campuses & Institutions
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Microgrid Control Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Microgrid Control Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Microgrid Control Systems Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Microgrid Control Systems Market Size and Volume Forecast by Types
11.4.1. Off-Grid
11.4.2. On-Grid
11.4.3. Hybrid
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Microgrid Control Systems Market Size and Volume Forecast by Applications
11.7.1. Industrial
11.7.2. Cities & Municipalities
11.7.3. Utilities
11.7.4. Military & Defense
11.7.5. Campuses & Institutions
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Microgrid Control Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Microgrid Control Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Microgrid Control Systems Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Microgrid Control Systems Market Size and Volume Forecast by Types
12.4.1. Off-Grid
12.4.2. On-Grid
12.4.3. Hybrid
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Microgrid Control Systems Market Size and Volume Forecast by Applications
12.7.1. Industrial
12.7.2. Cities & Municipalities
12.7.3. Utilities
12.7.4. Military & Defense
12.7.5. Campuses & Institutions
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Microgrid Control Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Microgrid Control Systems Market: Market Share Analysis
13.2. Microgrid Control Systems Distributors and Customers
13.3. Microgrid Control Systems Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Hitachi, Ltd.
13.4.2. Borqs Technologies, Inc.
13.4.3. Siemens AG
13.4.4. ABB Group
13.4.5. General Electric Corporation
13.4.6. Eaton Corporation PLC
13.4.7. Princeton Power Systems
13.4.8. Honeywell International, Inc.
13.4.9. Northern Power Systems, Inc.
13.4.10. Exelon Corporation
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microgrid Control Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microgrid Control Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microgrid Control Systems Market - Supply Chain
4.5. Global Microgrid Control Systems Market Forecast
4.5.1. Microgrid Control Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microgrid Control Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Microgrid Control Systems Market Absolute $ Opportunity
5. Global Microgrid Control Systems Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Microgrid Control Systems Market Size and Volume Forecast by Types
5.3.1. Off-Grid
5.3.2. On-Grid
5.3.3. Hybrid
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Microgrid Control Systems Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Microgrid Control Systems Market Size and Volume Forecast by Applications
6.3.1. Industrial
6.3.2. Cities & Municipalities
6.3.3. Utilities
6.3.4. Military & Defense
6.3.5. Campuses & Institutions
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Microgrid Control Systems Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Microgrid Control Systems Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Microgrid Control Systems Demand Share Forecast, 2019-2026
8. North America Microgrid Control Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Microgrid Control Systems Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Microgrid Control Systems Market Size and Volume Forecast by Types
8.4.1. Off-Grid
8.4.2. On-Grid
8.4.3. Hybrid
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Microgrid Control Systems Market Size and Volume Forecast by Applications
8.7.1. Industrial
8.7.2. Cities & Municipalities
8.7.3. Utilities
8.7.4. Military & Defense
8.7.5. Campuses & Institutions
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Microgrid Control Systems Demand Share Forecast, 2019-2026
9. Latin America Microgrid Control Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Microgrid Control Systems Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Microgrid Control Systems Market Size and Volume Forecast by Types
9.4.1. Off-Grid
9.4.2. On-Grid
9.4.3. Hybrid
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Microgrid Control Systems Market Size and Volume Forecast by Applications
9.7.1. Industrial
9.7.2. Cities & Municipalities
9.7.3. Utilities
9.7.4. Military & Defense
9.7.5. Campuses & Institutions
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Microgrid Control Systems Demand Share Forecast, 2019-2026
10. Europe Microgrid Control Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Microgrid Control Systems Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Microgrid Control Systems Market Size and Volume Forecast by Types
10.4.1. Off-Grid
10.4.2. On-Grid
10.4.3. Hybrid
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Microgrid Control Systems Market Size and Volume Forecast by Applications
10.7.1. Industrial
10.7.2. Cities & Municipalities
10.7.3. Utilities
10.7.4. Military & Defense
10.7.5. Campuses & Institutions
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Microgrid Control Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Microgrid Control Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Microgrid Control Systems Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Microgrid Control Systems Market Size and Volume Forecast by Types
11.4.1. Off-Grid
11.4.2. On-Grid
11.4.3. Hybrid
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Microgrid Control Systems Market Size and Volume Forecast by Applications
11.7.1. Industrial
11.7.2. Cities & Municipalities
11.7.3. Utilities
11.7.4. Military & Defense
11.7.5. Campuses & Institutions
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Microgrid Control Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Microgrid Control Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Microgrid Control Systems Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Microgrid Control Systems Market Size and Volume Forecast by Types
12.4.1. Off-Grid
12.4.2. On-Grid
12.4.3. Hybrid
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Microgrid Control Systems Market Size and Volume Forecast by Applications
12.7.1. Industrial
12.7.2. Cities & Municipalities
12.7.3. Utilities
12.7.4. Military & Defense
12.7.5. Campuses & Institutions
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Microgrid Control Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Microgrid Control Systems Market: Market Share Analysis
13.2. Microgrid Control Systems Distributors and Customers
13.3. Microgrid Control Systems Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Hitachi, Ltd.
13.4.2. Borqs Technologies, Inc.
13.4.3. Siemens AG
13.4.4. ABB Group
13.4.5. General Electric Corporation
13.4.6. Eaton Corporation PLC
13.4.7. Princeton Power Systems
13.4.8. Honeywell International, Inc.
13.4.9. Northern Power Systems, Inc.
13.4.10. Exelon Corporation
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FAQ Section
Some frequently asked quetions about this report!
Hitachi, Ltd.; Borqs Technologies, Inc.; Siemens AG; ABB Group; General Electric Corporation; Eaton Corporation PLC; Princeton Power Systems; Honeywell International, Inc.; Northern Power Systems, Inc.; Exelon Corporation; and Schneider Electric SE are some of the key market players.
Asia Pacific dominates the global microgrid control systems market.
Off-grid, on-grid, and hybrid are the types of microgrid control systems.
Microgrid refers to a group of electricity users with a local source of supply, which is usually attached to a centralized national grid and function independently.
The global microgrid control systems market size was valued at around USD 23.70 billion in 2021.
The global microgrid control systems market is estimated to register CAGR of around 12.25% during the forecast period.
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