The North America Microgrid Controller Market would witness market growth of 21.2% CAGR during the forecast period (2022-2028).
The development and timely updating of operational methodologies, protocols, standards, and codes that outline operational requirements, protocols, and safety are also required when adding new components to a microgrid. This is because testing is required to confirm the functionality, viability consistency, compatibility, reliability, and interoperability of the power grid with several other microgrid systems.
Concerns about the environment, the scarcity of fossil fuels, and economic considerations have increased interest in microgrid technology, which consists of a variety of distributed renewable energy-based generators like solar, wind, fuel cells, and biomass. Numerous benefits of microgrids include increased reliability, decreased technical losses, lower carbon emissions, and improved combined power and heat efficiency.
The development of the microgrid controller industry has been directly impacted by the rise in demand for microgrids and the swift transition to the usage of renewable energy sources. The major producers of microgrid controllers put a lot of effort into adding innovative control technologies to lower costs overall and move toward renewability. The expansion of the Microgrid Controller has been enabled by the expanding population and rising demand for reliable power supply.
The North American region, specifically the United States is home to a significant portion of all microgrid projects in the globe, which may be attributed to the region's aging power mega grid and growing end-user demand for increased security and dependability. The U.S. government and businesses have put in place supporting regulations, control systems research, demonstration projects, and the creation of software tools over the previous ten years.
The US market dominated the North America Microgrid Controller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,143.2 million by 2028.The Canada market is poised to grow at a CAGR of 24% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 22.9% during (2022 - 2028).
Based on Connectivity, the market is segmented into Grid Connected and Off-grid Connected. Based on Offering, the market is segmented into Hardware, Software and Services. Based on End User, the market is segmented into Remote Areas, Commercial & Industrial, Military, Government, Utilities, Manufacturing and Healthcare. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Microgrid Controller Market is Estimated to reach $12.6 Billion by 2028, at a CAGR of 21.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, General Electric (GE) Co., Schneider Electric SE, ABB Group, Honeywell International, Inc., Eaton Corporation, Caterpillar, Inc., S&C Electric Company, Cummins, Inc., and Emerson Electric Co.
Scope of the Study
Market Segments Covered in the Report:
By Connectivity
- Grid Connected
- Off-grid Connected
By Offering
By End User
- Remote Areas
- Commercial & Industrial
- Military
- Government
- Utilities
- Manufacturing
- Healthcare
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- General Electric (GE) Co.
- Schneider Electric SE
- ABB Group
- Honeywell International, Inc.
- Eaton Corporation
- Caterpillar, Inc.
- S&C Electric Company
- Cummins, Inc.
- Emerson Electric Co.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Microgrid Controller Market, by Connectivity
1.4.2 North America Microgrid Controller Market, by Offering
1.4.3 North America Microgrid Controller Market, by End User
1.4.4 North America Microgrid Controller Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2018, Jul – 2022, Aug) Leading Players
Chapter 4. North America Microgrid Controller Market by Connectivity
4.1 North America Grid Connected Market by Country
4.2 North America Off-grid Connected Market by Country
Chapter 5. North America Microgrid Controller Market by Offering
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
5.3 North America Services Market by Country
Chapter 6. North America Microgrid Controller Market by End User
6.1 North America Remote Areas Market by Country
6.2 North America Commercial & Industrial Market by Country
6.3 North America Military Market by Country
6.4 North America Government Market by Country
6.5 North America Utilities Market by Country
6.6 North America Manufacturing Market by Country
6.7 North America Healthcare Market by Country
Chapter 7. North America Microgrid Controller Market by Country
7.1 US Microgrid Controller Market
7.1.1 US Microgrid Controller Market by Connectivity
7.1.2 US Microgrid Controller Market by Offering
7.1.3 US Microgrid Controller Market by End User
7.2 Canada Microgrid Controller Market
7.2.1 Canada Microgrid Controller Market by Connectivity
7.2.2 Canada Microgrid Controller Market by Offering
7.2.3 Canada Microgrid Controller Market by End User
7.3 Mexico Microgrid Controller Market
7.3.1 Mexico Microgrid Controller Market by Connectivity
7.3.2 Mexico Microgrid Controller Market by Offering
7.3.3 Mexico Microgrid Controller Market by End User
7.4 Rest of North America Microgrid Controller Market
7.4.1 Rest of North America Microgrid Controller Market by Connectivity
7.4.2 Rest of North America Microgrid Controller Market by Offering
7.4.3 Rest of North America Microgrid Controller Market by End User
Chapter 8. Company Profiles
8.1 General Electric (GE) Co.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 ABB Group
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Eaton Corporation PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.7 Caterpillar, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Cummins, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional & Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.5.2 Acquisition and Mergers:
8.8.5.3 Geographical Expansions:
8.9 Emerson Electric Co.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. S&C Electric Company
8.10.1 Company Overview
TABLE 1 North America Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 2 North America Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Microgrid Controller Market
TABLE 4 Product Launches And Product Expansions– Microgrid Controller Market
TABLE 5 Acquisition and Mergers– Microgrid Controller Market
TABLE 6 gEOGRAPHICAL eXPANSIONS– Microgrid Controller Market
TABLE 7 North America Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 8 North America Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 9 North America Grid Connected Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Grid Connected Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Off-grid Connected Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Off-grid Connected Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 14 North America Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 15 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 22 North America Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 23 North America Remote Areas Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Remote Areas Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Commercial & Industrial Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Commercial & Industrial Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Military Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Military Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Utilities Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Utilities Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Microgrid Controller Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Microgrid Controller Market by Country, 2022 - 2028, USD Million
TABLE 39 US Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 40 US Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 41 US Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 42 US Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 43 US Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 44 US Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 45 US Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 46 US Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 47 Canada Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 48 Canada Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 49 Canada Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 50 Canada Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 51 Canada Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 52 Canada Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 53 Canada Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 54 Canada Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 55 Mexico Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 56 Mexico Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 57 Mexico Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 58 Mexico Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 59 Mexico Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 60 Mexico Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 61 Mexico Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 62 Mexico Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 63 Rest of North America Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 64 Rest of North America Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 65 Rest of North America Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 66 Rest of North America Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 67 Rest of North America Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 68 Rest of North America Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 69 Rest of North America Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 70 Rest of North America Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 71 KEY INFORMATION – General Electric (GE) Co.
TABLE 72 Key Information – Siemens AG
TABLE 73 Key information – Schneider Electric SE
TABLE 74 Key Information – ABB Group
TABLE 75 Key Information – Honeywell International, Inc.
TABLE 76 key information – Eaton Corporation PLC
TABLE 77 key information – Caterpillar, Inc.
TABLE 78 Key information – Cummins, Inc.
TABLE 79 Key Information – Emerson Electric Co.
TABLE 80 Key information – S&C Electric Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2018, Jul – 2022, Aug) Leading Players
FIG 6 Swot analysis: General electric (GE) Co.
FIG 7 Swot analysis: Siemens AG
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 SWOT Analysis: ABB Group
FIG 11 Swot analysis: Honeywell international, inc.
FIG 12 Recent strategies and developments: Cummins, Inc.