PUNE, India, July 09, 2019 (GLOBE NEWSWIRE) -- Global Microgrid Control System Industry was valued at USD 1.9 Billion in the year 2018. Global Microgrid Control System Industry is further estimated to grow at a CAGR of 12.9% from 2018 to reach USD 4.6 Billion by the year 2025. Microgrids are same to main power grids but are same in size with low capacities. They are referred as to distribute electric grids that can be operated depending on the requirement.
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Microgrid Control Systems are commonly low-power and low-voltage, and they can be worked in islanded in an off-grid or hybrid mode. These Systems for the most part have producing, transmission, and dispersion situated in a little territory, and are for the most part set up inside or near the utilization area. The framework can take a shot at both conventional sources, similar to coal and diesel, and furthermore inexhaustible sources, as sunlight based, wind, and consolidated warmth and power. More up to date Systems are being consolidated into capacity Systems to give nonstop power.
Major market players in Microgrid Control System Industry are ABB Group, Spirae, Siemens, AG, Emerson, Hitachi Ltd, Eaton Corporation PLC, Princeton Power Systems, General Electric Corporation, Ontech Electric Corporation, Schweitzer Engineering Laboratories Inc., Pareto Energy Ltd, Honeywell International Inc., Northern Power Systems Corporation, PowerSecure, Exelon Corporation, and brief information of 4 more companies is provided in the report.
Microgrid Control System Industry Segmentation:
Microgrid Control System Industry, By Component
- Hardware
- Software
Microgrid Control System Market, By Ownership
- Public
- Private
Microgrid Control System Market, By Grid Type
- On-Grid
- Off-Grid
Microgrid Control System Industry, By End-User
- Utilities
- Campuses & Institutions
- Commercial & Industrial
- Others
By Region
North America
- USA
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
APAC
- China
- India
- Japan
- Rest of Asia-Pacific
RoW
- Latin America
- Middle East & Africa
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