The global microgrid control system market is anticipated to grow at a CAGR of 12.5% during the forecast period (2023-2030). New microgrid solution launches to meet the growing demand for energy across several end-user sector is a key factor driving the growth of the microgrid control system market. For instance, in May 2023, Schneider Electric announced its EcoStruxure Microgrid Flex, a standardized microgrid solution designed to help businesses achieve a faster path to net zero, while reducing project timelines and helping to deliver a greater return on investment for the system.
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In September 2023, Danone announced to develop resilient microgrid in South Africa anchored by hydrogen ready combined heat and power technology. Moshesh Cogeneration, a special purpose vehicle owned by Moshesh Partners and backed by Rand Merchant Bank, has selected Clarke Energy to deliver a full turnkey CHP facility and microgrid controller to Danone. The microgrid project will support Danone’s global commitment to Net Zero by 2050, as well as the demand for a resilient local energy solution during the current supply challenges in South Africa. Given the country wide power crisis and frequent grid failures beyond load shedding, this solution will deliver resilient power supplies and therefore maximum uptime to the 24/7 manufacturing plant. The hydrogen ready CHP solution can be converted to H2 operation as soon as sufficient supply is available. Thus, the growing microgrid development to meet growing demand for power is driving the global market growth.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes Siemens AG, ABB Group, Hitachi, Ltd., General Electric Corp., and Honeywell International, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Microgrid Control System Market Report Segment
By Type
- Grid-Connected
- Off-Grid
By End-User
- Utilities
- Cities & Municipalities
- Industrial
- Other (Defense)
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Global Microgrid Control System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Eaton Corp.
- Emersion Inc.
- ETAP Inc.
- Exelon Corp.
- Northern Power Systems Corp.
- ONTECH Electric Corp.
- Pareto Energy, Ltd.
- Power Secure, Inc.
- Princeton Power Systems
- S&C Electric Company
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
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