Global Microgrid Monitoring Market was valued nearly US$ xx Bn. in 2019 and the totalrevenue is expected to grow at 8.4% through 2019 to 2027, reaching US$ xx Bn.
Global Microgrid Monitoring Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global MicrogridMonitoring Market by region and on the key players’ revenue affected till July 2020 andexpected short term and long-term impact on the market.
Microgrid monitoring is a device that aids the establishment of a microgrid by controllingdistributed energy resources. Many determined electrical system to continue acceptablevoltage and frequency. It helps in enhancing the reliability of support energy preservation andenergy distribution.
Global Microgrid Monitoring Market, by Product 2019-2027 (US$ MN)HardwareSoftwareThe global market for microgrid monitoring is expected to augment market growth from 2019to 2027 thanks to the upsurge in renewable energy generation. As per the IEA, renewableelectricity is set to expand by 40% worldwide by 2022. An additional 920 GW ofrenewablecapacity would be installed by 2022 which would drive the global market for microgrid
monitoring.Growing electrification projects in rural areas are likely to create income opportunities forcompanies in the global market over 2019-2027. However, the high maintenance andinstallation cost of microgrid monitoring systems is hindering the market growth to anexcessive extent.
The MMR report contains a detailed study of factors that will drive and restrain the growth ofthe microgrid monitoring market. Asia Pacific microgrid monitoring market was valued US$ xxMn. in 2019 and is expected to reach a value of US$ xx Mn. by 2027, with a CAGR of 20% duringthe forecast period. This is attributed to several investments in many electrification projects in
the rural areas of developing economies such as China, India, Japan, and others.
In APAC, China was dominating the market, with market size of US$ 21 Mn in 2019 and to reachUS$ 26 Mn by 2027, with a CAGR of 86%. China has the main installed distribution capacitiesand power generation, which in turn, is ensuing in massive demand for the microgridmonitoring system.Microgrids are considered to play a significant role in providing energy access toapproximately600 million people in Sub-Saharan Africa who currently living without electricity. The growth ofinvestments in the segment is needed but has been slow to materialize. Investment isrepressed by views of risk, a lack of established business models, and a limited understanding ofthe real performance of operating systems.
By product, the hardware segment was valued at US$ 23 Mn in 2019 and is estimated to reachUS$ xx Mn by 2027 at a CAGR of 34% over the forecast period. The hardware components ofthe microgrid monitoring system embrace physical components like digital input module, CPUmodule, analog input/output module, digital output module, relays, data logger, localController, meters and communication network, and data recorder. Also, the report willprovide an accurate analysis of the contribution of the various product segments to the growth of the microgrid monitoring market.
The MMR reports cover key developments in the microgrid monitoring market as organic andinorganic growth strategies. Such as, in 2018, GE Company cooperated with Arenko Group (UK)to size grid-scale energy storage systems in the United Kingdom. Arenko Group (UK) hasinvested in a 41 MW battery energy storage system provided by GE Company.The objective of the report is to present a comprehensive analysis of the Global MicrogridMonitoring Market including all the stakeholders of the industry. The past and current status of
the industry with forecasted market size and trends are presented in the report with theanalysis of complicated data in simple language. The report covers all the aspects of theindustry with a dedicated study of key players that includes market leaders, followers and newentrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factorsof the market has been presented in the report. External as well as internal factors that aresupposed to affect the business positively or negatively have been analyzed, which will give aclear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Microgrid Monitoring Market dynamics,structure by analyzing the market segments and projects the Global Microgrid MonitoringMarket size. Clear representation of competitive analysis of key players by Application, price,financial position, Product portfolio, growth strategies, and regional presence in the GlobalMicrogrid Monitoring Market make the report investor’s guide.
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Scope of the Global Microgrid Monitoring Market
Global Microgrid Monitoring Market, by Application
Global Microgrid Monitoring Market, by Product
Global Microgrid Monitoring Market, by Grid type
Global Microgrid Monitoring Market, by Region
o South Korea
Middle East and Africa
o GCC Countries
o South Africa
Key players operating in the Global Microgrid Monitoring Market
S&C Electric Company
Advanced Microgrid Solutions
Viridity Energy Solutions
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