Microgrid Control System Market By Grid Type (On-Grid, Off-Grid), By Component Type (Hardware, Software), By Ownership Type (Private, Public), By Application (Industrial, Commercial, Utilities, Institutions, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027
Key Market Insights
“Increasing government investments in microgrid projects coupled with the growing adoption of renewable energy sources will boost the market”
The global microgrid control system market is growing proficiently, projected to grow at a CAGR of 12.0% during the expected period from 2019 to 2027, starting from US$ 2.61 Bn in 2018.
An increased concern of carbon emission, advancement in IoT, as well as communication technologies, are the major drivers of the global microgrid control system market. Apart from this, increased usage of the microgrid system in large power plants and the manufacturing industry are the major factors influencing the growth of the global microgrid control system market. Further, the rising clean energy projects and the growing adoption of renewable energy sources across the world are likely to enhance the global microgrid control system market. However, the high cost associated with the installation and maintenance of the microgrid control system could pose a serious threat to the growth of the global microgrid control system market. Due to this, the small manufacturing companies are looking for a cost effective solution for a constant power supply. The high cost of the microgrid control systems can easily be overcome by the immense advantages offered by them to the consumers. Such as reliable power supply, increased power generation capacity, and emphasis on renewable energy generation and so forth.
Furthermore, the increased government investment in the microgrid control system is likely to increase the growth of the global microgrid control system market. Stringent schemes and initiatives with reference to the capping of FiT’s in the current industry scenario have obstructed microgrid deployments across European nations. However, the government has continuously focused on distributed power storage technologies in line with the provision of fund flow grants. In addition to the conventional measures across all the European countries, the EU Commission has imposed numerous governmental measures to support renewable integration which in turn will boost the microgrid control system market.
Grid Analysis
“Increasing electrification of rural and remote areas across the globe will drive the demand for a microgrid control system globally”
Grid-connected or grid-tied is a completely connected grid network, installed to provide energy in accordance with the requirements of the corresponding end-user. The distinct benefit of being a cost-effective solution, among the available micro-grid solutions, has prompted a majority of house owners and small-sized enterprises to prefer the grid-connected microgrid systems to cater to their respective power requirements. The presence of large-scale grid-tied microgrid networks in university campuses and the military and defense industry has led to an increased rate of adoption of control systems in the market. The upcoming developments toward the evolution of a connected environment have led to large-scale investment by manufacturers establishing a private network of power, in case of a breakdown in regular sources.
Regional Analysis
“Dominance is led by rising investments in grid expansion coupled with rising demand for microgrid control systems to drive the Asia Pacific market growth.”
Asia-Pacific accounted for a significant portion of the global market for the microgrid control system in 2018 and is expected to register strong growth during the forecast period as well, on the back of increasing investments in grid expansion projects by developing nations such as China and India to boost their distribution grid reliability. Among the countries in the region, China was the largest market for the microgrid control system in 2018. China has the highest installed power generation and distribution capacities, which in turn is resulting in a huge demand for microgrid control systems.
The global microgrid control system market is characterized by a diverse group of regional and international manufacturers. The market for the microgrid control system is moderately fragmented in nature. There is very minimal product differentiation which induces vendors to retain their market shares by pricing their products and services competitively. Additionally, established international vendors face intense competition from regional vendors which provide customers with comparatively low-priced and customized products.
List of Companies Covered:
- ABB
- General Electric
- Siemens
- Eaton Corporation
- Emerson
- Schneider Electric
- Spirae
- Schweitzer Engineering Laboratories
- Etap
- S&C Electric Company
- Woodward, Inc.
- Powersecure, Inc.
- Ontech Electric Corporation
Key Industry Development:
- In January 2018, ABB received new orders worth USD 40 million from the Indonesian government to strengthen the country’s power grid. It includes a consortium comprising of Doosan Heavy Industries and PT Hutama Karya, a state-owned construction company, to upgrade and expand the Muara Tawar combined cycle power plant in West Java, Indonesia. The innovative project will add 650 MW of electricity to the national grid.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Grid Type (2017–2027; US$ Bn) |
|
Component Type (2017–2027; US$ Bn) |
|
|
Ownership Type (2017–2027; US$ Bn) |
|
|
Application (2017–2027; US$ Bn) |
|
|
Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall microgrid control system market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the microgrid control system market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which type of segment holds a larger market share and why?
- Are low and middle-income economies investing in the microgrid control system market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Microgrid Control System (MCS) Market
2.2. Global MCS Market, by Grid Type, 2018 (US$ Bn)
2.3. Global MCS Market, by Component Type, 2018 (US$ Bn)
2.4. Global MCS Market, by Ownership Type, 2018 (US$ Bn)
2.5. Global MCS Market, by Application, 2018 (US$ Bn)
2.6. Global MCS Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global MCS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Microgrid Control System Market, by Grid Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. On-Grid
4.3. Off-Grid
5. Global Microgrid Control System Market, by Component Type , 2017-2027 (US$ Bn)
5.1. Overview
5.2. Hardware
5.3. Software
6. Global Microgrid Control System Market, by Ownership Type , 2017-2027 (US$ Bn)
6.1. Overview
6.2. Private
6.3. Public
7. Global Microgrid Control System Market, by Application, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Industrial
7.3. Commercial
7.4. Utilities
7.5. Institutions
7.6. Others (Cities & Municipalities, Defence, etc.)
8. North America Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America MCS Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America MCS Market Value, By Application, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe MCS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe MCS Market Value, By Application, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific MCS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific MCS Market Value, By Application, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World MCS Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World MCS Market Value, By Application, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World MCS Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. ABB
12.2. General Electric
12.3. Siemens
12.4. Eaton Corporation
12.5. Emerson
12.6. Schneider Electric
12.7. Spirae
12.8. Schweitzer Engineering Laboratories
12.9. Etap
12.10. S&C Electric Company
12.11. Woodward, Inc.
12.12. Powersecure, Inc.
12.13. Ontech Electric Corporation
* MCS – Microgrid Control System
TABLE 1 Market Snapshot: Global Microgrid Control System Market
TABLE 2 Global MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 3 Global MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 4 Global MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 5 Global MCS Market, by Application, 2018 (US$ Bn)
TABLE 6 Global MCS Market, by Geography, 2017–2027 (US$ Bn)
TABLE 7 North America MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 8 North America MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 9 North America MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 10 North America MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 11 North America MCS Market, by Country, 2017–2027 (US$ Bn)
TABLE 12 Europe MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 13 Europe MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 14 Europe MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 15 Europe MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 16 Europe MCS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific MCS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 22 RoW MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 23 RoW MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 24 RoW MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 25 RoW MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 26 RoW MCS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 27 ABB: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 28 General Electric: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 29 Siemens: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 30 Eaton Corporation: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 31 Emerson: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 32 Schneider Electric: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 33 Spirae: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 34 Schweitzer Engineering Laboratories: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 35 Etap: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 36 S&C Electric Company: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 37 Woodward, Inc.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 38 Powersecure, Inc.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 39 Ontech Electric Corporation: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
FIG. 1 Global Microgrid Control System Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MCS Market Segmentation
FIG. 4 Global MCS Market, by Grid Type, 2018 (US$ Bn)
FIG. 5 Global MCS Market, by Component Type, 2018 (US$ Bn)
FIG. 6 Global MCS Market, by Ownership Type, 2018 (US$ Bn)
FIG. 7 Global MCS Market, by Application, 2018 (US$ Bn)
FIG. 8 Global MCS Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key MCS Market Players, 2018
FIG. 11 Global MCS Market Value Contribution, By Grid Type, 2018 & 2027 (Value %)
FIG. 12 Global MCS Market, by On-Grid, Value, 2017–2027 (US$ Bn)
FIG. 13 Global MCS Market, by Off-Grid, Value, 2017–2027 (US$ Bn)
FIG. 14 Global MCS Market Value Contribution, By Component Type, 2018 & 2027 (Value %)
FIG. 15 Global MCS Market, by Hardware, Value, 2017–2027 (US$ Bn)
FIG. 16 Global MCS Market, by Software, Value, 2017–2027 (US$ Bn)
FIG. 17 Global MCS Market Value Contribution, By Ownership Type, 2018 & 2027 (Value %)
FIG. 18 Global MCS Market, by Private, Value, 2017–2027 (US$ Bn)
FIG. 19 Global MCS Market, by Public, Value, 2017–2027 (US$ Bn)
FIG. 20 Global MCS Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 21 Global MCS Market, by Industrial, Value, 2017–2027 (US$ Bn)
FIG. 22 Global MCS Market, by Commercial, Value, 2017–2027 (US$ Bn)
FIG. 23 Global MCS Market, by Utilities, Value, 2017–2027 (US$ Bn)
FIG. 24 Global MCS Market, by Institutions, Value, 2017–2027 (US$ Bn)
FIG. 25 Global MCS Market, by Others (Cities & Municipalities, Defence, etc.), Value, 2017–2027 (US$ Bn)
FIG. 26 U.S. MCS Market, 2017–2027 (US$ Bn)
FIG. 27 Canada MCS Market, 2017–2027 (US$ Bn)
FIG. 28 U.K. MCS Market, 2017–2027 (US$ Bn)
FIG. 29 Germany MCS Market, 2017–2027 (US$ Bn)
FIG. 30 France MCS Market, 2017–2027 (US$ Bn)
FIG. 31 Italy MCS Market, 2017–2027 (US$ Bn)
FIG. 32 Rest of Europe MCS Market, 2017–2027 (US$ Bn)
FIG. 33 Japan MCS Market, 2017–2027 (US$ Bn)
FIG. 34 China MCS Market, 2017–2027 (US$ Bn)
FIG. 35 India MCS Market, 2017–2027 (US$ Bn)
FIG. 36 Rest of Asia Pacific MCS Market, 2017–2027 (US$ Bn)
FIG. 37 Middle East & Africa MCS Market, 2017–2027 (US$ Bn)
FIG. 38 Latin America MCS Market, 2017–2027 (US$ Bn)
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