Microgrid Controller Market - Introduction

Microgrid controller enables the installation of a microgrid by controlling dispersed energy resources as well as loads in a predetermined electrical system for maintaining acceptable frequency and voltage. Rise in the installations of distributed renewable and nonrenewable energy resource, emerging utility-scale energy storage, demand response, and plug-in hybrid electric vehicle use have been creating unprecedented opportunities for the electric distribution system. Technological leaps further strives to transform the utility operational model, which will remain an influential driver for the microgrid controller market.

Demand for microgrid controller has been on a surge in industries for maintaining power stability in critical loads, detecting electrical disturbances, and providing a response to those disturbances in the least possible time. Focus on business sustainability has geared the power plant owners towards the adoption of microgrid controller as conservation of the environment becomes a priority.

Microgrid Controller Market – Competitive Landscape

The global microgrid controller market is highly fragmented with a number of companies operating in the segment. Leading players are currently focusing on providing cost-competitive products and add-on features to gain market share in the market. 

  • In April 2019, ABB entered into a productive partnership with Rolls Royce to provide innovative and energy-efficient solutions for commercial, industrial, and utility sector. The partnership will bring forth the combination of Rolls Royce’s MTU Diesel and ABB’s modular microgrid solution and offer more renewable energy with reduced carbon footprints.
  • In January 2018, Schneider Electric joined forces with Sustainable Energy for ALL to offer access to environmental-friendly energy and bridge the energy access gap across the world.
  • In November 2018, GE Power Digital announced a joint venture with PPL Electric Utilities to facilitate the adoption of energy generation while focusing on grid safety and its reliability. As per the agreement, PPL will employ GE’s DER Orchestration and incorporate it with Advanced Distribution Management Solutions to model and enhance the grid operations, load forecasting, and maintain grid reliability. 

Siemens AG

Founded in 1847, Siemens AG is headquartered in Berlin, Kingdom of Prussia. The German conglomerate company functions as an industrial manufacturing company in Europe and offers services such as financing, business services, and engineering and construction. 

Schweitzer Engineering Laboratories

Incorporated in 1982, Schweitzer Engineering Laboratories is located in Pullman, Washington. The company manufactures, designs, and underpins products and services such as automation services and power management protection.

Eaton Corporation Inc.

Established in 1911, Eaton Corporation Inc. is based in Beachwood, OH. The multinational power management company possesses a large customer base in over 175 countries and functions in electrical, industrial, aerospace, and eMobility sectors. 

Lockheed Martin Corporation

Launched in 1995, Lockheed Martin Corporation is headquartered in Bethesda, United States. The American company specializes in the research, design, manufacturing, development, and integration of advanced technologies for space systems, rotary and mission systems, missiles and fire control, and aeronautics. 

Honeywell Corporation Inc.

Founded in 1906, Honeywell Corporation Inc. is located in Wabash, Indiana. The multinational conglomerate manufactures a variety of consumer, commercial, engineering services, and aerospace services. It operates to upgrade the quality of life for people across the world by addressing critical challenges pertaining to energy production, its security, and safety.

Microgrid Controller Market – Dynamics

Microgrid Controller Market to Grow As Reduction of Carbon Footprints Become Essential

Growth of the microgrid controller market can be attributed to the financial cushion offered by the government to numerous microgrid projects to improve the electrical accessibility for its citizens. Renewable energy generation sources such as solar and wind power plants are gradually outpacing the coal-based power generation sources, which is anticipated to reflect on the revenue of the microgrid controller market. Novel trends encircling the arena for the development of flexible and scalable microgrid controllers are gaining grounds in the power plants and are envisaged to do so in the future of microgrid controller market.

‘Compatibility Issues’ with Power Plants to Limit the Market Growth

Installation of microgrid controller means revamping the components and devices, which further sums up to a hefty amount. A hesitance among the power plant owners is witnessed regarding the employment of microgrid controller as longstanding risks of operational, technological, and security risks prevail. Additionally, imposition of dynamic policies legislated by government is likely to hamper the expansion of the microgrid.

Microgrid Controller Market – Segmentation

The microgrid controller market can be divided on the basis of:

  • Connectivity
  • Offering vertical
  • Region

Microgrid Controller Market Segmentation – By Connectivity

Based on the connectivity, the microgrid controller market can be classified into:

  • Remote connected
  • Grid connected

Microgrid Controller Market Segmentation – By Offering

Based on the offering, the microgrid controller market can be divided into:

  • Hardware
  • Software
  • Services

The report on microgrid controller market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The microgrid controller market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The microgrid controller market report also maps the qualitative impact of various market factors on microgrid controller market segments and geographies.

Regional analysis for microgrid controller market includes:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Microgrid Controller Market

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