Microgrid Controller Market Size is Expected to Reach US$ 18.84 billion by 2026 with a CAGR of 16.7% During the Forecast Period | Industry Analysis Report - Eaton, ABB, Honeywell, Power Analytics, Go Electric, S&C Electric, Siemens, GE Power,

The report on “Microgrid Controller Market” will help Major Players and the new entrants to understand scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.

According to Publisher, the Global Microgrid Controller Market is accounted for $4.67 billion in 2017 and is expected to reach $18.84 billion by 2026 growing at a CAGR of 16.7%. Factors such as huge investments from the government for microgrid projects, the shift towards renewable energy sources and improvement in the efficiency of microgrids are fueling the market growth. However, the high price of microgrid controllers and stringent government regulations are hampering the growth of the market. Furthermore, modernized smart cities in developing countries are the growth opportunities for the market.

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Companies Covered in this Report are:
Eaton, Schweitzer Engineering Laboratories, ABB, Honeywell, Power Analytics, Go Electric, S&C Electric, Siemens, Lockheed Martin, Homer Energy, GE Power, Emerson, Qinous, Advanced Microgrid Solutions, and Princeton Power Systems.

Microgrid controllers consist of hardware, software, and services. Hardware includes generation optimizers, local controllers, supervisory controllers, communications network, and human-machine interfaces. The expected largest market share of hardware is attributed to the high cost of components such as generation optimizers, HMIs, and intelligent controllers.

Based on connectivity, connected grid segment propels the market share during the forecast period. As grid connected microgrids have higher reliability than remote/island microgrids owing to their connection with power grids. By geography, Asia Pacific region is anticipated to grow due to the development of the industrial sector and power infrastructure in several of the region's countries provide significant growth opportunities to local as well as global market players.

Ownerships Covered:
- Private
- Public

Offerings Covered:
- Software
- Service
- Hardware

Connectivities Covered:
- Off-Grid/ Isolanded/Remote
- Grid Connected
- Hybrid

End Users Covered:
- Commercial
- Healthcare
- Government
- Utilities
- Industrial
- Educational Institutes
- Military & Defense
- Other End Users

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
- South America
o Argentina
o Brazil
o Chile
o Rest of South America
- Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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