Global Microgrid Control System Market 2023-2030

Global Microgrid Control System Market Size, Share & Trends Analysis Report by Type (Grid-Connected and Off-Grid), and by End-User (Utilities, Cities & Municipalities, Industrial, and Others) Forecast Period (2023-2030)

The global 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 Acores (EDA).

Fluence supplied a 15MW/15MWh battery energy storage system (BESS), and with the addition of a further 6MW of renewable energy, Terceira can more than double its share of renewables on its grid to 60.0%. Siemens' Spectrum Power Microgrid Management System (MGMS), manages the interaction between the island's power generation infrastructure, the BESS and the island's power consumption.

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.

Segmental Outlook

The global microgrid control system market is segmented based on type and end-user. Based on type, the market is segmented into grid-connected and off-grid. Based on end-user, the market is segmented into utilities, cities & municipalities, industrial, and other (defense).

Utilities Sub-Segment Hold a Considerable Share in the Global Market

Microgrids allow an efficient and dynamic electricity grid by adapting to the growing use of renewable energy sources, such as photovoltaic equipment and electric vehicles. As per the US Department of Energy, microgrids will be essential building blocks for a new electricity delivery system by 2035 to ensure resilience, decarbonization, and affordability. According to the EIA, in 2022, electricity generation from electrical utilities in the US increased slightly compared with the preceding year by about 2,537 terawatt hours. The growing demand for microgrids in utilities sector is driving the growth of this market segment.

Electric Power Net Generation from Electric Utilities in the US in 2021-2022 in TWh ('000)

Source: Energy Information Administration (EIA)

Regional Outlook

The global microgrid control system market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, North America is expected to hold a considerable share in the global market, owing to the presence of key market players in the region. For instance, in March 2023, Siemens Canada partnered with Humber College to develop a Renewable Technology and Sustainable Microgrid Lab (SMART Lab) at its North Campus. Humber's investments in the SMART Lab are based upon sustainable digital technology, supported by the Province of Ontario. To generate and distribute energy locally and to allow for more efficient and sustainable use and consumption of electricity, devices such as electric vehicle charging stations, solar Smartflower, and battery energy storage systems will be used in the microgrid control system. The growing initiatives by key players across the region have been contributing to the high share of the regional market.

The Asia-Pacific Region to Exhibit the Highest CAGR in the Global Microgrid Control System Market

The growing number of microgrid project launches across the region creating demand for microgrid control system, thereby driving the regional market growth. For instance, in April 2023, Delhi-based green hydrogen & solar developer company, Uneecops Technologies Ltd will set up the First Green Hydrogen Microgrid Project in Leh Region for a Major Hydro-Power Company in India. Uneecops Technologies Ltd will help in the engineering, procurement & construction (EPC) for setting up a green hydrogen-based fuel cell microgrid 25kWe for one of the major hydro-power company's guests houses at Power Station, Alchi, Leh.

Market Players Outlook

The major companies serving the global microgrid control system market include Siemens AG, ABB Group, Hitachi, Ltd., General Electric Corp., and Honeywell International, Inc. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, initiatives, and new product launches, to stay competitive in the market. For instance, in September 2023, Correlate Energy Corp. announced a significant microgrid initiative set to transform the energy landscape outside the Los Angeles metro area. This project is being undertaken for one of California's foremost privately-owned oil and gas corporations, renowned for its substantial energy requirements. With an energy demand equivalent to that of approximately 75,000 households, the client's operations encompass a staggering 100MW load across multiple locations, all with the goal of achieving net-zero emissions.

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.