What is Microgrid Controller Market Scope?
A microgrid controller is a device that allows the establishment of a microgrid by controlling distributed energy resources and loads in a predetermined electrical system to maintain acceptable frequency and voltage. It effectively automates control of all microgrid components and microgrid interconnections to satisfy power demand and maintain stable operating conditions with minimal operational staffing.
The Microgrid Controller market study is being classified and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of India Microgrid Controller market throughout the predicted period.
Schneider Electric (France), GE Power (United States), ABB (Switzerland), Siemens (Germany), Schweitzer Engineering Laboratories (United States), Eaton (Ireland), Lockheed Martin (United States), Honeywell (United States), S&C Electric (United States) and Power Analytics (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Emerson (United States), Princeton Power Systems (United States), Spirae (United States), Homer Energy (United States) and Pareto Energy (United States).
Analyst at AMA have segmented the market study of India Microgrid Controller market by Type, Application and Region.
On the basis of geography, the market of Microgrid Controller has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 30 Oct 2019, the newly launched Onboard Microgrid is based on the principles of ABB’s award-winning power distribution system Onboard DC Grid with the proven ability to enable up to 20% energy efficiency in larger vessels. With the launch of the new compact-size solution, ABB makes similar efficiencies achievable for smaller, lower-power vessels operating over short distances. Onboard Microgrid can be used for vessels running on batteries, fuel cells, or as fuel cell/battery hybrids.
On 13 Nov 2018, Schneider Electric, the global specialist in the digital transformation of energy management and automation, unveiled two new EcoStruxure microgrid solutions from Innovation Summit North America in Atlanta, Georgia: EcoStruxure Microgrid Operation, and updates to Energy Control Center. The solutions, part of Schneider Electric's EcoStruxure IoT architecture, are innovative hardware and software designed to ease microgrid implementation for new and existing customers, facilitating more effective deployments of microgrid for a wider range of use cases.
- Optimization of Energy Assets and Improved Efficiency of Microgrids Using Microgrid Controllers
- Increasing Global Demand for Microgrids for Reliable and Secure Power Supply
- Growing Shift toward Renewable Energy Sources and Reducing Carbon Footprints
- Increasing Government Investments in Microgrid Projects across India
- Growing Demand for Microgrids from Utility, Military, and Government Sectors across the India
- Up-Coming Smart City Projects in India during the Projected Period
- Modernization of Aging Grid Infrastructure
- High Cost of Microgrid Control Systems
- Dynamic Government Policies, Regulations, and Standards in India
- Interoperability and Compatibility Issues Due to Large Number of Components/Devices
- Operational, Technological, and Security Risks Associated With Microgrids
Key Target AudienceMicrogrid Controller Manufacturers, Microgrid Controller Sub-Component Manufacturers, Software and Service Providers, Regulatory & Government Bodies, Upstream & Downstream Vendors, End Users and Others
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