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Smart Microgrid Controller - Global Market Outlook (2019-2027)

Smart Microgrid Controller - Global Market Outlook (2019-2027)

4.7 (19 reviews)
Published: October 2020 ID: SMRC20000
4.7 (19 reviews)
Published: October 2020 ID: SMRC20000

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Smart Microgrid Controller Market is accounted for $6.10 billion in 2019 and is expected to reach $22.39 billion by 2027 growing at a CAGR of 17.7% during the forecast period. Significant growth in a range of distributed energy resources (DER) and growing government investments toward micro grid projects are the major factors driving the market growth. However, complexity regarding coordination between inverters from different vendors having different operational standards is restraining the market growth. 

 

Smart Microgrid Controller - Global Market Outlook (2019 -2027)

 

A microgrid is a contiguous section of the network made up of interconnected Distributed Energy Resources (DER) and loads under common control. DERs can distribute renewables, storage devices, generators, electric vehicles, and demand response. Smart Microgrid controls can optimize the combination of DER power and loads to provide reliable and cost-effective operation for end users without human intervention.  

Based on connectivity, the grid connected/ network connected segment is likely to have a huge demand as the majority of house owners and small-sized enterprises prefer the grid-connected microgrid controller, owing to its cost-efficient feature, to cater to their respective power requirements. By geography, North America is going to have a lucrative growth during the forecast period due to the rise in the adoption of renewable energy and distributed generation systems. Sustainable microgrids are emerging as a vital tool, across the United States, to combat climate change and increasing instances of natural disasters, such as earthquakes, hurricanes, wildfires, and many more. 

Some of the key players profiled in the Smart Microgrid Controller Market include CleanSpark Inc, Eaton Corporation, Emerson Automation Solutions, Encorp Inc, General Electric Company, Opus One Solutions Inc, PowerSecure Inc, S&C Electric Company, Schneider Electric SE, Schweitzer Engineering Laboratories, Siemens AG and Spirae LLC. 

Connectivity’s Covered:
• Remote/Off Grid
• Grid Connected/ Network Connected

Offerings Covered:
• Software
• Services
• Hardware    

End Users Covered:
• Commercial and Industrial
• Government/Communities
• Healthcare
• Educational Institutes/ Campus
• Military & Defense
• Power & Utilities
• Municipalities
• Small Residential Communities
• Villages

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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