Visiongain Publishes Global Microgrid Control System Market 2019-2029 Report

LONDON, Oct. 16, 2019 /PRNewswire/ --

Market Definition:
• Microgrid Control System is an energy system which consists of discretely distributed energy sources i.e. generation, storage and demand management. This energy system can run independently or in parallel with the main power grid.
• This technology operates with the main grid but can break off and run on its own independently while using nearby energy generation in times of outages and natural calamities.

Market Overview and Trends
• Microgrid Control System technology was initially used in remote areas for powering military operations or industrial projects and off-grid villages. However, now they're being increasingly used in urban cities, on universities or corporate campuses, in hospital or at commercial sites.
• In February 2019, a provider of microgrid solutions launched a new microgrid-enabled switchgear product, Hive for enhancing low and medium-voltage microgrid systems.
• The objective of this technology is to provide facilities with energy reliability in critical situations and resiliency when experiencing fluctuations from the electric grid.

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Market Dynamics:

Factors Influencing the Market Growth:
• Increasing Government Investments in Microgrid Projects
• Growing Adoption of Renewable Energy Sources
• Increasing Demand for Secure and Reliable Power Supply Worldwide

Factors Restraining the Market Growth:
• Regulations and law uncertainty with Government
• High maintenance and installation cost

To find out more about this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/global-microgrid-control-system-market-report-2019-2029/

Market Segmentation 2019-2029:

Component
• Hardware Market, 2019-2029
• Software Market, 2019-2029

Type
• Off-Grid Systems Market, 2019-2029
• On-Grid Systems Market, 2019-2029

Ownership 
• Private Systems Market, 2019-2029
• Public Systems Market, 2019-2029

End-User
• Industrial and Commercial Systems Market, 2019-2029
• Utilities Systems Market, 2019-2029
• Institutions and Campuses Systems Market, 2019-2029

Geographic breakdown 
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Latin America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East & Africa Market, 2019-2029

Competitive Analysis:
• Companies are actively engaged in different developmental strategies in order to improve and increase their foothold in the global Microgrid Control System market.
• There have been a considerable number of product launches, product developments, mergers, and acquisitions recently in the global microgrid control system industry.

Did you know that we also offer a report add-on service? Email [email protected] to discuss any customized research needs you may have.

Companies covered in the report include:

ABB
Eaton Corporation
Emerson
Etap
Exelon Corporation
General Electric
Hitachi, Ltd
Honeywell International, Inc
Lockheed Martin Corporation
Northern Power Systems Corporation
Ontech Electric Corporation
Pareto Energy, Ltd
Powersecure, Inc
Princeton Power Systems
Rt Soft
S&C Electric Company
Schneider Electric
Schweitzer Engineering Laboratories (Sel)
Siemens
Spirae
Woodward, Inc

To discuss this report please e-mail Sara Peerun on [email protected]

SOURCE Visiongain