Category

Microgrid Control System Market - Forecasts From 2019 To 2024

115 pages
Published on : May 2019
Report Code : KSI061612359

Description

Microgrid Control System Market is projected to grow at a CAGR of XX% to reach US$XX billion by 2024, from US$XX billion in 2018. Rising investments in transmission and distribution infrastructure is one of the major drivers of micro grid control systems market. Growing energy demand and lack of space availability due to increasing urbanization and growing population base is boosting the demand for microgrid control systems. Favorable government initiatives and policies to expand the electricity access in remote areas will continue to drive the growth of micro grid control system market during the forecast period. By grid, off-grid segment will witness a significant market growth between 2019 and 2024 owing to the growing electrification of remote areas, especially in developing economies. Geographically, APAC is projected to grow at a significant CAGR during the forecast period on account of rapid rise in investments in energy infrastructure projects in order to meet the growing electricity demand in countries like China and India.     

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Microgrid Control System Market value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Microgrid Control System Market.

Major industry players profiled as part of the report are Eaton, Siemens, General Electric Company, Hitachi, Ltd., and Exelon Corporation among others.

Segmentation

The Microgrid Control System Market has been analyzed through following segments:

By Component

Hardware

Software

 

By Grid

On-Grid

Off-Grid

 

By Ownership

Private

Public

 

By Geography

North America                                 

U.S.

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

UK

Germany

France

Italy

Others

 

Middle East and Africa

Saudi Arabia

UAE

Israel

Others

 

Asia Pacific

China

Japan

India

Australia

Others

 

Target audience

Manufacturers

Suppliers

Distributors

Service Providers

Government Agencies

Research Organizations

Consultants


Key insights offered

What will be the Microgrid Control System Market size from 2019 to 2024?

How are the major drivers and restraints affecting the Microgrid Control System Market growth and the opportunities which exist for key vendors?

Which segment and region will drive or lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants’ behaviour

Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.

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