The Global — Micro Grid Control Systems Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX% during the forecast period of 2017 - 2022.
Microgrid consists of group of interconnected load and distributed energy resources with clearly defined electrical boundaries that acts as a single controllable entity. Microgrid can function independently and can also be connected to the main grid to share load and provide additional support, they actively act as useful substitute during power failure and blackout situations. Having a distributed energy generation system which includes mainly green energy sources, the overall system provides a lower environmental impact and improves security of energy supply.Microgrid Conrtol System market is expected to witness high growth over the forecast period.
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Microgrids control system provides an ecosystem to monitor, control, and analyze microgrid functioning from a central control center. It is a dynamic software which enables full control over microgrid activities ranging from energy generation, channel networking to the final power distribution from the microgrid. It optimizes the dispatch of DER's to reduce the total cost of energy and microgrid operation and also maintains a secure and reliable power supply for mission critical loads for operation in islanded mode'.
The global microgrid control system market has been broadly segmented on the basis of type, application and geography. As per the type the microgrid control system market has been segmented into Off-Grid, Grid Connected and hybrid. Whereas, as per application the market has been segmented into utilities, cities and municipalities, defense, industrial and others.
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• Increasing demand for effective microgrid centralized control center.
• Rising need to improve operational efficiency.
• Need to support emergency blackouts.
• Involves high implementation costs.
• Technological issues.
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Table of Content
1.1 Key Deliverables of the Study
1.2 Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Need for Effective Microgrid Centralized Control Center
4.2.2 Rising need to improve Operational Efficiency
4.2.3 Increasing demand for backup solutions (for support, in case of emergency
4.3 Market Restraints
4.3.1 High Implementation Costs
4.3.2 Operational & Technical Issues
5. Technology Overview
5.1 Technology Snapshot – Components of a Microgrid System
5.1.2 Switch Gear
5.1.3 Generation & Transmission
5.2 Evolution of Microgrid Solutions
6. Microgrid Control Systems Market – Segmented by Type of Systems
7. Microgrid Control Systems Market – Segmented by Application
7.2 Cities & Municipalities
8. Microgrid Control Systems Market – Segmented by Geography
8.1 North America
8.1.1 United States
8.2.2 United Kingdom
8.3.3 South Korea
8.4 Latin America
8.5 Middle East & Africa
8.5.2 Saudi Arabia
8.5.3 South Africa
9. Investment Analysis
9.1 Investment Trends
9.2 Recent Mergers & Acquisitions
10. Key Vendor Profiles
10.1 ABB Group
10.2 Siemens AG
10.3 Hitachi, Ltd.
10.4 Eaton Corporation Plc.
10.5 Princeton Power Systems
10.6 General Electric Corporation
10.7 Pareto Energy, Ltd.
10.8 Honeywell International, Inc.
10.9 Northern Power Systems Corporation
10.10 Exelon Corporation
10.11 Pareto Energy, Ltd.
11. Future trends in Microgrid Control Systems Market
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