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Microgrid Controller Market by Connectivity (Grid Connected, Off-grid Connected), Offering (Hardware, Software, Services), End-use application (Commercial & Industrial, Remote Areas, Utilities) and Geography - Global Forecast to 2027

Microgrid Controller Market by Connectivity (Grid Connected, Off-grid Connected), Offering (Hardware, Software, Services), End-use application (Commercial & Industrial, Remote Areas, Utilities) and Geography - Global Forecast to 2027

The global microgrid controller market size is estimated to be USD 4.2Billion in 2022 and is projected to reach USD 11.5 Billion by 2027, at a CAGR of 22.3% during the forecast period. There is an increasing global demand for reliable and secure power supply. Widespread industrialization and urbanisation are fuelling the demand for energy storage systems. Government initiatives to reduce carbon footprint; the convergence of IoT enhancing microgrid connectivity; and the advantages of cheap and clean energy storage are the major driving factors for the global microgrid controller market.

“Grid connected segment of microgrid controller market expected to grow at a higher CAGR during the forecast period”

During the forecast period, grid-connected microgrids will lead the microgrid controller market. Expansion of utility grid transmission lines and surge in use of renewable power sources are some of the major factors contributing towards the growth of this segment. Grid-connected microgrids usually have higher reliability than remote/island microgrids; they can produce power within their distribution circuits as well as import it from utility sources. Grid-connected microgrids enable renewable energy generation without expensive grid reinforcements. They improve the efficiency and resiliency of the power generated and reduce carbon footprints.

“Software segment likely to witness higher growth between 2022 and 2027”

Microgrid controller software segment is expected to witness fastest growth by 2027. Microgrid software is mainly used for modelling variable sources of energy, such as solar and wind, with variable thermal loads. Software such as supervisory control and data acquisition (SCADA), energy management, generator and load management, and system reconfiguration software are used in microgrids to allow the simulation and optimization of resources. Highly specialised software’s are used by microgrid designers to model the technical performance of microgrids. These software helps in simplify technical and economic factors involved in a microgrid project and compare the cost and feasibility of different configurations of hardware.

“Military is the third largest end-use application due to wide use of microgrids for energy security and resiliency”

Microgrids are used in the military sector to ensure an uninterrupted electricity supply in military establishments and bases in case of main grid outages. Several military microgrid projects are being carried out globally in collaboration with well-established companies such as General Electric, Lockheed Martin, Boeing, and Honeywell International Inc., as well as small specialties technology firms such as Spirae and Power Analytics. Microgrids provide the ultimate emergency backup power source and can function independently from the grid, enhancing the physical security and cybersecurity of a nation’s military bases.

Energy resilience and security are the main concerns of military establishments because military forces of different countries are increasingly using microgrids, which generate electricity from renewable energy sources. For instance, in February 2019, Schneider Electric expanded its microgrid project at Marine Corps Air Station (MCAS), Miramar, Goa (India), to boost the grid resilience of this facility.

“US likely to dominate the overall microgrid market in the Americas region between 2022 and 2027”

The US dominated the microgrid controller market in Americas in 2021 and is expected to continue its dominance by 2027. The growing deployment of sustainable energy sources to reduce the dependence on existing electricity networks is expected to positively impact the growth of the microgrid controller market in the country. Increasing investments in using clean energy sources for electricity generation are also fuelling the growth of the microgrid controller market. For instance, in February 2021, the United States House of Representatives introduced H.R.1512, the Climate Leadership and Environmental Action for its Nation’s Future Act. The CLEAN Future Act authorizes a total of USD 565 billion in spending over the next decade to reach decarbonization goals—specifically, to achieve net-zero greenhouse gas (GHG) emissions by 2050 and limit temperature increases to 1.5°C. H.R.1512’s budget includes several billions of dollars in microgrid funding.

A variety of executives from key organizations operating in the microgrid controller market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.

•By Company Type:Tier 1 = 55%, Tier 2 = 25%, and Tier 3 = 20%
•By Designation:C-level Executives = 45%, Directors = 30%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 25%
•By Region: Americas = 40%, Europe= 25%, APAC=20%, and ROW=15%

Schneider Electric (France), General Electric (US), ABB (Switzerland), Siemens (Germany), Schweitzer Engineering Laboratories (US), Eaton Corporation (Ireland), Honeywell International (US), Caterpillar Inc. (US), S&C Electric (US), and Power Analytics (US) are the key players in the microgridcontroller market. These top players have strong portfolios of products and services and a presence in both mature and emerging markets.

The study includes an in-depth competitive analysis of these key players in the microgrid controller market, with their company profiles, recent developments, and key market strategies.

Research Coverage
This report offers detailed insights into the microgrid controller market based on connectivity (grid connected, off-grid connected), offering (hardware, software, services), end-use application (commercial & industrial, remote areas, institutes & campuses, government, utilities, military, and healthcare), and region (Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East and Africa (MEA) and Africa).
The report also provides a comprehensive review of microgrid controller market drivers, restraints, opportunities, and challenges in the market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the microgrid controller market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION29
1.1STUDY OBJECTIVES29
1.2DEFINITION AND SCOPE29
1.2.1INCLUSIONS AND EXCLUSIONS: OFFERING SEGMENT30
1.2.2INCLUSIONS AND EXCLUSIONS: OTHER SEGMENTS30
1.3STUDY SCOPE31
1.3.1MARKETS COVERED31
FIGURE 1MARKET SEGMENTATION31
1.3.2REGIONAL SCOPE31
1.3.3YEARS CONSIDERED32
1.4CURRENCY CONSIDERED32
1.5LIMITATIONS32
1.6STAKEHOLDERS33
1.7SUMMARY OF CHANGES33
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 2MICROGRID CONTROLLER MARKET: RESEARCH DESIGN35
2.1.1SECONDARY DATA35
2.1.1.1Major secondary sources35
2.1.1.2Key data from secondary sources36
2.1.2PRIMARY DATA36
2.1.2.1Breakdown of primaries37
2.1.2.2Key data from primary sources37
2.1.3SECONDARY AND PRIMARY RESEARCH38
2.1.3.1Key industry insights38
2.2MARKET SIZE ESTIMATION39
2.2.1BOTTOM-UP APPROACH39
2.2.1.1Approach for capturing market share by bottom-up analysis39
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH39
2.2.1.2Approach for capturing microgrid controller company-specific information40
2.2.2TOP-DOWN APPROACH40
2.2.2.1Approach for capturing market share by top-down analysis40
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH40
2.3MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 5DATA TRIANGULATION METHODOLOGY41
2.4GROWTH FORECAST ASSUMPTIONS42
TABLE 1MICROGRID CONTROLLER MARKET: KEY FORECAST ASSUMPTIONS42
2.5RESEARCH ASSUMPTIONS43
FIGURE 6KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT43
3EXECUTIVE SUMMARY44
FIGURE 7MICROGRID CONTROLLER MARKET, 2018–2027 (USD MILLION)45
FIGURE 8GRID-CONNECTED SEGMENT TO RECORD HIGHER GROWTH RATE DURING FORECAST PERIOD45
FIGURE 9HARDWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2022–202746
FIGURE 10MICROGRID CONTROLLERS FOR REMOTE AREAS TO HOLD LARGEST MARKET SHARE IN 202247
FIGURE 11MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD48
4PREMIUM INSIGHTS49
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR KEY MARKET PLAYERS IN MICROGRID CONTROLLER MARKET49
FIGURE 12INCREASING NEED FOR RELIABLE, UNINTERRUPTED POWER SUPPLY TO DRIVE MARKET GROWTH49
4.2MICROGRID CONTROLLER MARKET, BY OFFERING50
FIGURE 13HARDWARE TO HOLD LARGEST MARKET SHARE BETWEEN 2022 AND 202750
4.3MICROGRID CONTROLLER MARKET, BY CONNECTIVITY50
FIGURE 14GRID-CONNECTED MICROGRIDS TO ACCOUNT FOR LARGER MARKET SHARE FROM 2022 TO 202750
4.4MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION51
FIGURE 15COMMERCIAL & INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD51
5MARKET OVERVIEW52
5.1INTRODUCTION52
5.2MARKET DYNAMICS52
FIGURE 16MICROGRID CONTROLLER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES52
5.2.1DRIVERS53
5.2.1.1Decarbonization being increasingly emphasized by different end users and governments53
FIGURE 17GLOBAL SOLAR PV AND WIND INSTALLATIONS IN GIGAWATTS (GW),
2018–202754
FIGURE 18GLOBAL INVESTMENTS IN CLEAN ENERGY AND ENERGY EFFICIENCY,
2018–202154
5.2.1.2Optimization of energy assets and improved efficiency of microgrids using microgrid controllers55
FIGURE 19FUNCTIONS OF MICROGRID CONTROLLERS55
5.2.1.3Growing need for reliable, uninterrupted power supply55
5.2.1.4Surge in use of microgrids for rural electrification56

5.2.2RESTRAINTS57
5.2.2.1High cost of microgrid controllers57
5.2.2.2Dynamic government policies, regulations, and standards worldwide57
5.2.3OPPORTUNITIES57
5.2.3.1Increase in number of microgrid projects for different industries57
5.2.3.2Rise in energy demand and need for expansion of renewable energy in Asia Pacific58
5.2.3.3Growing investor interest in EaaS business model to minimize costs58
TABLE 2BUSINESS MODEL OF MAJOR COMPANIES IN MICROGRID ECOSYSTEM59
5.2.3.4Encouragement from governments to develop microgrid projects59
5.2.3.5Modernization of aging grid infrastructure59
5.2.4CHALLENGES60
5.2.4.1Interoperability and compatibility issues due to large number of components/devices60
5.2.4.2Operational, technological, and security risks associated with microgrids60
5.3VALUE CHAIN ANALYSIS61
FIGURE 20VALUE CHAIN ANALYSIS: MICROGRID CONTROLLER MARKET61
5.4MICROGRID CONTROLLER MARKET: ECOSYSTEM62
TABLE 3MICROGRID CONTROLLER MARKET: ECOSYSTEM62
FIGURE 21KEY PLAYERS IN MICROGRID CONTROLLER MARKET ECOSYSTEM63
5.5TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES64
FIGURE 22REVENUE SHIFT FOR MICROGRID CONTROLLER MARKET64
5.6KEY TECHNOLOGY TRENDS65
5.6.1BLOCKCHAIN-BASED MICROGRIDS/BLOCKCHAIN MICROGRIDS65
5.6.2SMART MICROGRIDS65
5.6.3ADVENT OF AI-BASED MICROGRIDS65
5.7PATENT ANALYSIS65
FIGURE 23NUMBER OF PATENTS GRANTED FOR MICROGRID CONTROLLER MARKET, 2011–202166
FIGURE 24REGIONAL ANALYSIS OF PATENTS GRANTED FOR MICROGRIDS, 2011–202167
TABLE 4LIST OF FEW PATENTS IN MICROGRID CONTROLLER MARKET, 2020–202267
5.8KEY CONFERENCES AND EVENTS, 2022–202469
5.8.1MICROGRID CONTROLLER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS69
5.9TARIFFS AND REGULATORY LANDSCAPE73
5.9.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
TABLE 5LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
5.9.2CODES AND STANDARDS RELATED TO MICROGRIDS75
TABLE 6CODES AND STANDARDS RELATED TO MICROGRIDS75

6MICROGRID CONTROLLER MARKET, BY CONNECTIVITY76
6.1INTRODUCTION77
FIGURE 25MICROGRID CONTROLLER MARKET, BY CONNECTIVITY77
TABLE 7MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)77
FIGURE 26GRID-CONNECTED MICROGRIDS TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD78
TABLE 8MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)78
6.2GRID-CONNECTED79
6.2.1EXPANSION OF UTILITY GRID TRANSMISSION LINES AND SURGE IN USE OF RENEWABLE POWER SOURCES79
6.3OFF-GRID79
6.3.1GROWING OFF-GRID SOLAR PROJECTS TO CREATE NEW MARKET OPPORTUNITIES79
7MICROGRID CONTROLLER MARKET, BY OFFERING81
7.1INTRODUCTION82
FIGURE 27MICROGRID CONTROLLER MARKET, BY OFFERING82
TABLE 9MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)82
FIGURE 28SOFTWARE TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD83
TABLE 10MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)83
7.2HARDWARE83
7.2.1HARDWARE IS CRUCIAL FOR MICROGRID CONTROLLERS83
7.3SOFTWARE84
7.3.1SOFTWARE HELPS IN OPTIMAL SCHEDULING AND MANAGEMENT OF MICROGRIDS84
7.4SERVICES84
7.4.1SERVICES INCLUDE CONSULTING, MAINTENANCE, AND TRAINING84
8MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION86
8.1INTRODUCTION87
FIGURE 29MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION87
TABLE 11MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION)87
FIGURE 30COMMERCIAL & INDUSTRIAL SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD88
TABLE 12MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION)88
8.2COMMERCIAL & INDUSTRIAL89
8.2.1REQUIREMENT FOR UNINTERRUPTED ELECTRICITY SUPPLY IN COMMERCIAL & INDUSTRIAL SECTOR89
TABLE 13COMMERCIAL & INDUSTRIAL: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)89
FIGURE 31ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD FOR COMMERCIAL & INDUSTRIAL SEGMENT90
TABLE 14COMMERCIAL & INDUSTRIAL: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)90
8.3REMOTE AREAS91
8.3.1SURGE IN DEPLOYMENT OF MICROGRIDS IN REMOTE AREAS DUE TO UNAVAILABILITY OF MAIN UTILITY GRID SYSTEMS91
TABLE 15REMOTE AREAS: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)91
FIGURE 32ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD FOR REMOTE AREAS SEGMENT92
TABLE 16REMOTE AREAS: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)92
8.4MILITARY93
8.4.1WIDE USE OF MICROGRIDS FOR ENERGY SECURITY AND RESILIENCY93
TABLE 17MILITARY: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)93
FIGURE 33MILITARY SEGMENT IN AMERICAS TO ACCOUNT FOR LARGEST SHARE IN 202294
TABLE 18MILITARY: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)94
8.5GOVERNMENT95
8.5.1DECLINE IN ELECTRICITY PRICES FROM RENEWABLE ENERGY SOURCES95
TABLE 19GOVERNMENT: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)95
TABLE 20GOVERNMENT: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)95
8.6UTILITIES96
8.6.1MICROGRIDS PROVIDE UTILITIES WITH LESS EXPENSIVE ALTERNATIVE96
TABLE 21UTILITIES: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)96
FIGURE 34UTILITIES SEGMENT IN AMERICAS TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD97
TABLE 22UTILITIES: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)97
8.7INSTITUTES & CAMPUSES97
8.7.1INCREASED ADOPTION OF MICROGRIDS TO ENSURE UNINTERRUPTED POWER SUPPLY97
TABLE 23INSTITUTES & CAMPUSES: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)98
TABLE 24INSTITUTES & CAMPUSES: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)98
8.8HEALTHCARE99
8.8.1HOSPITALS ADOPTING MICROGRIDS TO BOOST RESILIENCE AGAINST GRID INSTABILITY99
TABLE 25HEALTHCARE: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)99
TABLE 26HEALTHCARE: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)100
9MICROGRID CONTROLLER MARKET, BY REGION101
9.1INTRODUCTION102
FIGURE 35INDIA TO EXPERIENCE HIGHEST CAGR DURING FORECAST PERIOD102
FIGURE 36AMERICAS ACCOUNTED FOR LARGEST SHARE OF MICROGRID CONTROLLER MARKET IN 2022103
TABLE 27MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)103
TABLE 28MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)103
TABLE 29MICROGRID INSTALLED CAPACITY, BY REGION, 2018–2021 (MW)104
TABLE 30MICROGRID INSTALLED CAPACITY, BY REGION, 2022–2027 (MW)104
9.2AMERICAS104
FIGURE 37AMERICAS: MICROGRID CONTROLLER MARKET SNAPSHOT105
TABLE 31AMERICAS: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)106
TABLE 32AMERICAS: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)106
TABLE 33AMERICAS: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)106
TABLE 34AMERICAS: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)106
TABLE 35AMERICAS: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)107
TABLE 36AMERICAS: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)107
TABLE 37AMERICAS: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION)107
TABLE 38AMERICAS: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION)108
9.2.1NORTH AMERICA108
TABLE 39NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)108
TABLE 40NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)109
TABLE 41NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)109
TABLE 42NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)109
TABLE 43NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)109
TABLE 44NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)110
TABLE 45NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION)110
TABLE 46NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION)110

9.2.1.1US111
9.2.1.1.1Presence of key players and rising use of renewable energy sources111
TABLE 47MICROGRID PROJECTS IN US FROM 2018 TO 2020112
TABLE 48US: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)112
TABLE 49US: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)113
TABLE 50US: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)113
TABLE 51US: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)113
9.2.1.2Rest of North America113
TABLE 52REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)114
TABLE 53REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)114
TABLE 54REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)114
TABLE 55REST OF NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)115
9.2.2SOUTH AMERICA115
TABLE 56SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)115
TABLE 57SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)116
TABLE 58SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)116
TABLE 59SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)116
TABLE 60SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)116
TABLE 61SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)117
TABLE 62SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION)117
TABLE 63SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION)117
9.2.2.1Brazil118
9.2.2.1.1Brazil held largest size of microgrid controller market in South America in 2021118
9.2.2.2Rest of South America118
9.3EUROPE118
FIGURE 38EUROPE: MICROGRID CONTROLLER MARKET SNAPSHOT119
TABLE 64EUROPE: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)119
TABLE 65EUROPE: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)120
TABLE 66EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)120
TABLE 67EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)120
TABLE 68EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)120
TABLE 69EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)121
TABLE 70EUROPE: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION)121
TABLE 71EUROPE: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION)121
TABLE 72MICROGRID PROJECTS IN EUROPE FROM 2018 TO 2021122
9.3.1GERMANY122
9.3.1.1Surging adoption of microgrids due to government initiatives122
TABLE 73GERMANY: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)122
TABLE 74GERMANY: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)123
TABLE 75GERMANY: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)123
TABLE 76GERMANY: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)123
9.3.2FRANCE123
9.3.2.1Increasing government investments to promote adoption of microgrids123
TABLE 77FRANCE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)124
TABLE 78FRANCE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)124
TABLE 79FRANCE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)124
TABLE 80FRANCE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)124
9.3.3UK125
9.3.3.1Rising use of microgrids to reduce waste heat generated by traditional systems125
TABLE 81UK: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)125
TABLE 82UK: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)125
TABLE 83UK: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)125
TABLE 84UK: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)126
9.3.4REST OF EUROPE126
TABLE 85REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)126
TABLE 86REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)126
TABLE 87REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)127
TABLE 88REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)127
9.4ASIA PACIFIC127
FIGURE 39ASIA PACIFIC: MICROGRID CONTROLLER MARKET SNAPSHOT128
TABLE 89ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)129
TABLE 90ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)129
TABLE 91ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)129
TABLE 92ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)130
TABLE 93ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)130
TABLE 94ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)130
TABLE 95ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION)131
TABLE 96ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION)131
9.4.1CHINA131
9.4.1.1Increasing government initiatives to promote use of clean energy131
TABLE 97CHINA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)132
TABLE 98CHINA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)132
TABLE 99CHINA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)132
TABLE 100CHINA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)133
9.4.2JAPAN133
9.4.2.1Growing need for reliable power supply133
TABLE 101JAPAN: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)133
TABLE 102JAPAN: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)133
TABLE 103JAPAN: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)134
TABLE 104JAPAN: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)134

9.4.3AUSTRALIA134
9.4.3.1Rising shift to microgrids due to surging prices of traditional grid electricity134
TABLE 105AUSTRALIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)135
TABLE 106AUSTRALIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)135
TABLE 107AUSTRALIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)135
TABLE 108AUSTRALIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)136
9.4.4INDIA136
9.4.4.1India expected to adopt microgrids at higher rate due to various government initiatives136
TABLE 109INDIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)137
TABLE 110INDIA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)137
TABLE 111INDIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)137
TABLE 112INDIA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)137
9.4.5REST OF ASIA PACIFIC138
TABLE 113REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)138
TABLE 114REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)138
TABLE 115REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)138
TABLE 116REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)139
9.5ROW139
TABLE 117ROW: MICROGRID CONTROLLER MARKET, BY REGION, 2018–2021 (USD MILLION)139
TABLE 118ROW: MICROGRID CONTROLLER MARKET, BY REGION, 2022–2027 (USD MILLION)139
TABLE 119ROW: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)140
TABLE 120ROW: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)140
TABLE 121ROW: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)140
TABLE 122ROW: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)140
TABLE 123ROW: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2018–2021 (USD MILLION)141
TABLE 124ROW: MICROGRID CONTROLLER MARKET, BY END-USE APPLICATION, 2022–2027 (USD MILLION)141

9.5.1MIDDLE EAST141
9.5.1.1Growth of healthcare sector and rising demand for reliable power supply141
TABLE 125MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)142
TABLE 126MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)142
TABLE 127MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)142
TABLE 128MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)143
9.5.2AFRICA143
9.5.2.1Surging number of microgrid projects due to various government initiatives143
TABLE 129AFRICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2018–2021 (USD MILLION)143
TABLE 130AFRICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2022–2027 (USD MILLION)144
TABLE 131AFRICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2018–2021 (USD MILLION)144
TABLE 132AFRICA: MICROGRID CONTROLLER MARKET, BY OFFERING, 2022–2027 (USD MILLION)144
10COMPETITIVE LANDSCAPE145
10.1INTRODUCTION145
10.2STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN145
TABLE 133OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MICROGRID CONTROLLER MARKET145
10.3MARKET RANKING ANALYSIS, 2021147
FIGURE 40RANKING OF KEY PLAYERS IN MICROGRID CONTROLLER MARKET, 2021147
10.4KEY COMPANY EVALUATION QUADRANT, 2021150
FIGURE 41MICROGRID CONTROLLER MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2021150
10.4.1STARS151
10.4.2EMERGING LEADERS151
10.4.3PERVASIVE COMPANIES151
10.4.4PARTICIPANTS151
10.5RECENT DEVELOPMENTS152
10.5.1PRODUCT LAUNCHES152
TABLE 134PRODUCT LAUNCHES, 2018–2022152
10.5.2PARTNERSHIPS/COLLABORATIONS/AGREEMENTS157
TABLE 135PARTNERSHIPS/COLLABORATIONS/AGREEMENTS, 2018–2022157
10.5.3OTHERS170
TABLE 136OTHERS, 2018–2022170

11COMPANY PROFILES172
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1KEY PLAYERS172
11.1.1SCHNEIDER ELECTRIC172
TABLE 137SCHNEIDER ELECTRIC: BUSINESS OVERVIEW172
FIGURE 42SCHNEIDER ELECTRIC: COMPANY SNAPSHOT173
TABLE 138SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED174
TABLE 139SCHNEIDER ELECTRIC: PRODUCT LAUNCHES175
TABLE 140SCHNEIDER ELECTRIC: DEALS175
TABLE 141SCHNEIDER ELECTRIC: OTHERS176
11.1.2GENERAL ELECTRIC178
TABLE 142GENERAL ELECTRIC: BUSINESS OVERVIEW178
FIGURE 43GENERAL ELECTRIC: COMPANY SNAPSHOT179
TABLE 143GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED180
TABLE 144GENERAL ELECTRIC: PRODUCT LAUNCHES181
TABLE 145GENERAL ELECTRIC: DEALS182
TABLE 146GENERAL ELECTRIC: OTHERS185
11.1.3ABB186
TABLE 147ABB: BUSINESS OVERVIEW186
FIGURE 44ABB: COMPANY SNAPSHOT187
TABLE 148ABB: PRODUCTS/SERVICES/SOLUTIONS OFFERED187
TABLE 149ABB: PRODUCT LAUNCHES189
TABLE 150ABB: DEALS189
11.1.4SIEMENS192
TABLE 151SIEMENS: BUSINESS OVERVIEW192
FIGURE 45SIEMENS: COMPANY SNAPSHOT193
TABLE 152SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED194
TABLE 153SIEMENS: PRODUCT LAUNCHES194
TABLE 154SIEMENS: DEALS195
11.1.5EATON CORPORATION200
TABLE 155EATON CORPORATION: BUSINESS OVERVIEW200
FIGURE 46EATON CORPORATION: COMPANY SNAPSHOT201
TABLE 156EATON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED202
TABLE 157EATON CORPORATION: PRODUCT LAUNCHES202
TABLE 158EATON CORPORATION: DEALS203
TABLE 159EATON CORPORATION: OTHERS206
11.1.6SCHWEITZER ENGINEERING LABORATORIES208
TABLE 160SCHWEITZER ENGINEERING LABORATORIES: BUSINESS OVERVIEW208
TABLE 161SCHWEITZER ENGINEERING LABORATORIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED209
TABLE 162SCHWEITZER ENGINEERING LABORATORIES: PRODUCT LAUNCHES209
TABLE 163SCHWEITZER ENGINEERING LABORATORIES: OTHERS210
11.1.7HONEYWELL INTERNATIONAL INC.211
TABLE 164HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW211
FIGURE 47HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT212
TABLE 165HONEYWELL INTERNATIONAL INC.:
PRODUCTS/SERVICES/SOLUTIONS OFFERED212
TABLE 166HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES213
TABLE 167HONEYWELL INTERNATIONAL INC.: DEALS213
11.1.8CATERPILLAR INC.215
TABLE 168CATERPILLAR INC.: BUSINESS OVERVIEW215
FIGURE 48CATERPILLAR INC.: COMPANY SNAPSHOT216
TABLE 169CATERPILLAR INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED216
11.1.9S&C ELECTRIC COMPANY217
TABLE 170S&C ELECTRIC COMPANY: BUSINESS OVERVIEW217
TABLE 171S&C ELECTRIC COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED218
TABLE 172S&C ELECTRIC COMPANY: PRODUCT LAUNCHES219
TABLE 173S&C ELECTRIC COMPANY: DEALS220
TABLE 174S&C ELECTRIC COMPANY: OTHERS220
11.1.10POWER ANALYTICS CORPORATION221
TABLE 175POWER ANALYTICS CORPORATION: BUSINESS OVERVIEW221
TABLE 176POWER ANALYTICS CORPORATION:
PRODUCTS/SERVICES/SOLUTIONS OFFERED221
TABLE 177POWER ANALYTICS CORPORATION: PRODUCT LAUNCHES222
TABLE 178POWER ANALYTICS CORPORATION: DEALS223
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
11.2OTHER PLAYERS224
11.2.1CUMMINS INC.224
11.2.2TESLA ENERGY (SUBSIDIARY OF TESLA)225
11.2.3EMERSON ELECTRIC CO.226
11.2.4PRINCETON POWER SYSTEMS227
11.2.5SPIRAE LLC227
11.2.6HOMER ENERGY228
11.2.7HITACHI ENERGY229
11.2.8PARETO ENERGY230
11.2.9OPUS ONE SOLUTIONS230
11.2.10ENCORP231
11.2.11QINOUS231
11.2.12POWERHIVE232
11.2.13ADVANCED MICROGRID SOLUTIONS232
11.2.14GO ELECTRIC233
11.2.15GREEN ENERGY CORP233
12APPENDIX234
12.1INSIGHTS FROM INDUSTRY EXPERTS234
12.2DISCUSSION GUIDE234
12.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL237
12.4CUSTOMIZATION OPTIONS239
12.5RELATED REPORTS239
12.6AUTHOR DETAILS240

Report Title: Microgrid Controller Market by Connectivity (Grid Connected, Off-grid Connected), Offering (Hardware, Software, Services), End-use application (Commercial & Industrial, Remote Areas, Utilities) and Geography - Global Forecast to 2027


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