Home / ICT / Microgrid Control System Market By Grid Type (On-Grid, Off-Grid), By Component Type (Hardware, Software), By Ownership Type (Private, Public), By Application (Industrial, Commercial, Utilities, Institutions, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Microgrid Control System Market By Grid Type (On-Grid, Off-Grid), By Component Type (Hardware, Software), By Ownership Type (Private, Public), By Application (Industrial, Commercial, Utilities, Institutions, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Published: Apr 2020 | Published By: Acute Market Research

Key Market Insights

“Increasing government investments in microgrid projects coupled with growing adoption of renewable energy sources will boost the market”

The global microgrid control system market is growing proficiently, projected to grow at a CAGR of 12.0% during the expected period from 2019 to 2027, starting from US$ 2.61 Bn in 2018.

Increased concern of carbon emission, advancement in IoT, as well as communication technologies are the major drivers of the global microgrid control system market. Apart from this, increased usage of microgrid system in large power plants and manufacturing industry are the major factors influencing the growth of the global microgrid control system market. Further, the rising clean energy projects and growing adoption of renewable energy sources across the world are likely to enhance the global microgrid control system market. However, high cost associated with the installation and maintenance of the microgrid control system could pose a serious threat on the growth of the global microgrid control system market. Due to which, the small manufacturing companies are looking for the cost effective solution for constant power supply. The high cost of the microgrid control systems can easily be overcome by the immense advantages offered by them to the consumers. Such as reliable power supply, increased power generation capacity, and emphasis on renewable energy generation and so forth.

Furthermore, the increased government investment on microgrid control system is likely to increase the growth of global microgrid control system market. Stringent schemes and initiatives with reference to the capping of FiT’s in the current industry scenario have obstructed microgrid deployments across European nations. However, government has continuously focused towards distributed power storage technologies in line with the provision of fund flow grants. In addition to the conventional measures across all the European countries, the EU Commission has imposed numerous governmental measures to support renewable integration which in turn will boost the microgrid control system market.

Grid Analysis

“Increasing electrification of rural and remote areas across the globe will drive the demand for microgrid control system globally”

Grid-connected or grid-tied is a completely connected grid network, installed to provide energy in accordance with the requirements of the corresponding end user. The distinct benefit of being a cost-effective solution, among the available micro-grid solutions, has prompted a majority of house owners and small-sized enterprises to prefer the grid-connected microgrid systems to cater to their respective power requirements. The presence of large-scale grid-tied microgrid networks in university campuses and military and defense industry has led to an increased rate of adoption of control systems in the market. The upcoming developments toward the evolution of a connected environment have led to large-scale investment by manufacturers establishing a private network of power, in case of a breakdown in regular sources.

Regional Analysis

“Dominance is led by rising investments in grid expansion coupled with rising demand for microgrid control systems to drive the Asia Pacific market growth.”

Asia-Pacific accounted for a significant portion of the global market for microgrid control system in 2018 and is expected to register strong growth during forecast period as well, on the back of increasing investments in grid expansion projects by developing nations such as China and India to boost their distribution grid reliability. Among the countries in the region, China was the largest market for microgrid control system in 2018. China has the highest installed power generation and distribution capacities, which is turn is resulting in huge demand for microgrid control systems.

Global microgrid control system market is characterized by a diverse group of regional and international manufacturers. The market for microgrid control system is moderately fragmented in nature. There is very minimal product differentiation which induces vendors to retain their market shares by pricing their products and services competitively. Additionally, established international vendors face intense competition from regional vendors which provide customers with comparatively low-priced and customized products.

List of Companies Covered:

  • ABB
  • General Electric
  • Siemens
  • Eaton Corporation
  • Emerson
  • Schneider Electric
  • Spirae
  • Schweitzer Engineering Laboratories
  • Etap
  • S&C Electric Company
  • Woodward, Inc.
  • Powersecure, Inc.
  • Ontech Electric Corporation

Key Industry Development:

  • In January 2018, ABB received new orders worth USD 40 million from the Indonesian government to strengthen the country’s power grid.  It includes a consortium comprising of Doosan Heavy Industries and PT Hutama Karya, a state-owned construction company, to upgrade and expand the Muara Tawar combined cycle power plant in West Java, Indonesia. The innovative project will add 650 MW of electricity to the national grid.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Grid Type (2017–2027; US$ Bn)
 • On-Grid
 • Off-Grid

 Component Type (2017–2027; US$ Bn)
 • Hardware
 • Software

 Ownership Type (2017–2027; US$ Bn)
 • Private
 • Public

 Application (2017–2027; US$ Bn)
 • Industrial
 • Commercial
 • Utilities
 • Institutions 
 • Others (Cities & Municipalities, Defence, etc.)

 Geography (2017–2027; US$ Bn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Spain, Italy, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall microgrid control system market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the microgrid control system market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which type segment holds a larger market share and why?
  • Are low and middle-income economies investing in the microgrid control system market?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Microgrid Control System (MCS) Market
2.2. Global MCS Market, by Grid Type, 2018 (US$ Bn)
2.3. Global MCS Market, by Component Type, 2018 (US$ Bn)
2.4. Global MCS Market, by Ownership Type, 2018 (US$ Bn)
2.5. Global MCS Market, by Application, 2018 (US$ Bn)
2.6. Global MCS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global MCS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Microgrid Control System Market, by Grid Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. On-Grid
4.3. Off-Grid

5. Global Microgrid Control System Market, by Component Type , 2017-2027 (US$ Bn)
5.1. Overview
5.2. Hardware
5.3. Software

6. Global Microgrid Control System Market, by Ownership Type , 2017-2027 (US$ Bn)
6.1. Overview
6.2. Private
6.3. Public

7. Global Microgrid Control System Market, by Application, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Industrial
7.3. Commercial
7.4. Utilities
7.5. Institutions
7.6. Others (Cities & Municipalities, Defence, etc.)

8. North America Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America MCS Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America MCS Market Value, By Application, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe MCS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe MCS Market Value, By Application, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific MCS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific MCS Market Value, By Application, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World MCS Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World MCS Market Value, By Application, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World MCS Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. ABB
12.2. General Electric
12.3. Siemens
12.4. Eaton Corporation
12.5. Emerson
12.6. Schneider Electric
12.7. Spirae
12.8. Schweitzer Engineering Laboratories
12.9. Etap
12.10. S&C Electric Company
12.11. Woodward, Inc.
12.12. Powersecure, Inc.
12.13. Ontech Electric Corporation

* MCS – Microgrid Control System

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