Microgrid control system market is anticipated to grow at a considerable CAGR of 12.5% during the forecast period. The growing demand for renewable energy has driven the growth of the 4Infrastructure have completed a renewable energy microgrid project on Terceira, a Portuguese Azores island. The islands have great potential to be powered by renewable energy sources, particularly wind, hydroelectric power and geothermal energy. The project on Terceira uses Fluence’s sixth generation battery storage solution, Gridstack, and Siemens’ smart energy controls software, to help integrate renewables for utility Electricidade dos Açores (EDA).
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The US National Electric Vehicle Infrastructure (NEVI) program, starting in 2023 runs five years, and will fund $5 billion of 600kW DC fast charging stations (four 150kW chargers) located 50 miles apart on the nation’s primary highway corridors. Integrating synchro phasor grid measurements via a micro phasor measurement unit (????PMU) and microgrid controller at the charging station can transform a distribution grid problem into a distribution grid asset and turn NEVI charging stations into microgrid distribution nodes to provide grid services for asset owners, and enable valuable grid visualization for grid operators. Ultimately, NEVI charging stations, along with co-located energy storage and renewables, can enhance grid resiliency and grid stability via microgrid control and ultrafast ????PMUs.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Microgrid Control System Market Report Segment
By Type
- Grid-Connected
- Off-Grid
By End-User
- Utilities
- Cities & Municipalities
- Industrial
- Other (Defense)
Global Microgrid Control System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global microgrid control system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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