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SAN FRANCISCO , June 3, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Microgrid Control Systems – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 11; Released: March 2022
Executive Pool: 18934
Companies: 69 – Players covered include ABB Ltd; Eaton Corporation Plc; Emerson Electric Co.; ETAP / Operation Technology, Inc.; General Electric Company; Ontech Electric Corporation; Pareto Energy; PowerSecure, Inc.; RTSoft; S&C Electric Company; Schneider Electric SE ; Schweitzer Engineering Laboratories, Inc.; Siemens AG; Siemens Energy Global GmbH & Co. KG; Spirae, LLC and Others.
Coverage: All major geographies and key segments
Segments: Grid Type (Off-Grid, and On-Grid); Component (Hardware, and Software); and Application (Utilities, Institutes & Campuses, Industrial & Commercial, and Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Amid the COVID-19 crisis, the global market for Microgrid Control Systems estimated at US$2.7 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2026, growing at a CAGR of 12.1% over the analysis period. Off-Grid, one of the segments analyzed in the report, is projected to grow at a 12.8% CAGR, while growth in the On-Grid segment is readjusted to a revised 10.8% CAGR. With renewable resources increasingly penetrating the power network, the conventional centralized network is posing several technical issues in terms of maintaining protection and stability. Rising energy demand and limited resources have been pushing several governments to establish policies for promoting renewable energy. This form of energy generation, which was previously only limited to the highest network hierarchy level, is now rapidly expanding to the distribution level, as witnessed by the growing utilization of …
Full story available on Benzinga.com
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