Market overview:

The Microgrid Controller Market was valued at $6.1 billion in 2020 and is estimated to reach $12.6 billion by 2027, with a CAGR of 15.65% from 2022 to 2027.

A continuous area of the network made up of connected Distributed Energy Resources (DER) and loads controlled by a single controller is referred to as a microgrid. Demand response, electric vehicles, generators, storage, and renewable energy sources can all be distributed by DERs. Smart Microgrid controls can combine DER power and loads to provide end users with dependable and affordable operation without the need for human intervention.

Remote and network-connected microgrid controllers were used in the study. The primary end users, including communities, commercial and industrial businesses, public service providers, and educational institutions, among others, have given consideration to the usage of microgrid controllers.

Network stability and operational durability are maintained at a cheaper cost via an integrated microgrid intelligent controller. With little assistance from operational and human resources staff, an intelligent microgrid controller automates the control of all microgrid components to fulfill energy demand and maintain stable operating conditions.

Market Drivers and Restraints:

This industry is expanding as a result of rising demand for micro-grids, a shift toward renewable energy sources, and efforts to reduce carbon emissions.

This expansion can be attributed to its critical function in managing, forecasting, and optimizing the supply and demand of energy for a micro-grid network.

Due to their connection to large utility grids, grid-connected microgrids are more dependable than isolated microgrids.

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https://www.marketdataforecast.com/market-reports/microgrid-controller-market

The report is segmented as follows:

The Microgrid Controller Market is segmented by Connectivity; the Market is segmented by Offering; the Market is segmented by Vertical:

By Connectivity (Network Connected & Remote)

By Offering (Hardware, Software, and Services)

By Vertical (Government, Utilities, Commercial, Military & Défense, Healthcare)

Regional Segmentation:

Of these, the global market for smart microgrid controllers was dominated by North America and Europe. The expansion of the industrial sector and energy infrastructure in various Asia-Pacific countries is another factor contributing to the region's growth expectations.

Impact of COVID-19 pandemic on the market:

The market for microgrid controllers is expected to increase rapidly as a result of the growing preference for microgrids to provide power stability in critical loads. The necessity for microgrids and associated operating systems has significantly diminished during the COVID-19 epidemic as a result of the decline in electricity usage, particularly for industrial operations.

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