Market Overview:
Microgrid monitoring systems are used to manage and monitor the performance of microgrids. These systems help in detecting faults and abnormalities in the microgrid, which helps in timely corrective action. Microgrid monitoring systems also help optimize the performance of microgrids by providing insights into how different components of a microgrid interact with each other. The global market for microgrid monitoring systems is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth of this market is mainly driven by the increasing demand for reliable and efficient power supply from various end-users, such as militaries, universities, commercial users, industrial users, and others. Additionally, the growing awareness about energy efficiency among consumers is also contributing to the growth of this market. The global market for microgrid monitoring systems is segmented on the basis of type into hardware systems and software systems.
Product Definition:
Microgrid monitoring systems are used to keep track of the performance of microgrids. They collect data on things like energy production, load, and emissions. This information can be used to optimize the operation of a microgrid and improve its efficiency.
Hardware Systems:
Hardware systems are the heart of microgrid monitoring systems. They consist of sensors, communication devices, and data recorders that provide essential information to grid operators about the performance and health of individual microgrids. Hardware systems are becoming an integral part of any microgrid as they help in providing real-time information related to power generation, distribution & consumption along with voltage fluctuations.
Software Systems:
Software systems and it's usage in microgrid monitoring systems market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for real-time data, which helps in making informed decisions regarding power generation, distribution & consumption.
Application Insights:
Militaries held the largest share of over 40.0% in 2017. The use of monitoring systems in military microgrids is anticipated to witness significant growth over the forecast period owing to their enhanced security features and ability to withstand natural disasters, terrorism, etc. University microgrid monitoring systems are expected to witness considerable growth over the forecast period as they offer reliable power supply for educational institutions, hospitals and corporate offices at minimal costs. Commercial users include small & large scale industrial units, retail stores & shopping malls among others that need a reliable power supply for critical applications such as data centers or IT offices without compromising on energy efficiency or cost savings.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period. The region accounted for a share of more than 30% in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2025 owing to increasing awareness about microgrid technology, growing investments by governments in order to reduce pollution levels, and growing adoption by industries as an effective way of reducing their carbon footprint.
North America regional market dominated the global industry with more than 35% revenue share in 2016 due primarilyto its large base of military installations across the globe that are increasingly adopting microgrid systems for power generation purposes.
Growth Factors:
- Increasing demand for reliable and uninterrupted power supply
- Rising concerns over climate change and its impact on the environment
- Government initiatives to promote the use of microgrids in various sectors
- Rapid advancements in technology and falling prices of components used in microgrid systems
- Growing interest from commercial and industrial entities in deploying microgrid systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Microgrid Monitoring Systems Market Research Report
By Type
Hardware Systems, Software Systems
By Application
Militaries, Universities, Commercial Users, Industrial Users, Other
By Companies
ABB, General Electric, Eaton Corporation, Siemens AG, Exelon Corporation, Schneider Electric, Caterpillar Inc, Power Analytics Corporation, Homer Energy LLC, S&C Electric Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Microgrid Monitoring Systems Market Report Segments:
The global Microgrid Monitoring Systems market is segmented on the basis of:
Types
Hardware Systems, Software Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Militaries, Universities, Commercial Users, Industrial Users, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- General Electric
- Eaton Corporation
- Siemens AG
- Exelon Corporation
- Schneider Electric
- Caterpillar Inc
- Power Analytics Corporation
- Homer Energy LLC
- S&C Electric Company
Highlights of The Microgrid Monitoring Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware Systems
- Software Systems
- By Application:
- Militaries
- Universities
- Commercial Users
- Industrial Users
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microgrid Monitoring Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microgrid monitoring systems are designed to provide real-time information about the status of a microgrid, including power generation, energy storage, and load management. This data can help operators make informed decisions about how to optimize the grid for reliability and efficiency.
Some of the major companies in the microgrid monitoring systems market are ABB, General Electric, Eaton Corporation, Siemens AG, Exelon Corporation, Schneider Electric, Caterpillar Inc, Power Analytics Corporation, Homer Energy LLC, S&C Electric Company.
The microgrid monitoring systems market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microgrid Monitoring Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microgrid Monitoring Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microgrid Monitoring Systems Market - Supply Chain
4.5. Global Microgrid Monitoring Systems Market Forecast
4.5.1. Microgrid Monitoring Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microgrid Monitoring Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microgrid Monitoring Systems Market Absolute $ Opportunity
5. Global Microgrid Monitoring Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microgrid Monitoring Systems Market Size and Volume Forecast by Type
5.3.1. Hardware Systems
5.3.2. Software Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microgrid Monitoring Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microgrid Monitoring Systems Market Size and Volume Forecast by Application
6.3.1. Militaries
6.3.2. Universities
6.3.3. Commercial Users
6.3.4. Industrial Users
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microgrid Monitoring Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microgrid Monitoring Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microgrid Monitoring Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microgrid Monitoring Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microgrid Monitoring Systems Demand Share Forecast, 2019-2026
9. North America Microgrid Monitoring Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microgrid Monitoring Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microgrid Monitoring Systems Market Size and Volume Forecast by Application
9.4.1. Militaries
9.4.2. Universities
9.4.3. Commercial Users
9.4.4. Industrial Users
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microgrid Monitoring Systems Market Size and Volume Forecast by Type
9.7.1. Hardware Systems
9.7.2. Software Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microgrid Monitoring Systems Demand Share Forecast, 2019-2026
10. Latin America Microgrid Monitoring Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microgrid Monitoring Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microgrid Monitoring Systems Market Size and Volume Forecast by Application
10.4.1. Militaries
10.4.2. Universities
10.4.3. Commercial Users
10.4.4. Industrial Users
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microgrid Monitoring Systems Market Size and Volume Forecast by Type
10.7.1. Hardware Systems
10.7.2. Software Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microgrid Monitoring Systems Demand Share Forecast, 2019-2026
11. Europe Microgrid Monitoring Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microgrid Monitoring Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microgrid Monitoring Systems Market Size and Volume Forecast by Application
11.4.1. Militaries
11.4.2. Universities
11.4.3. Commercial Users
11.4.4. Industrial Users
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microgrid Monitoring Systems Market Size and Volume Forecast by Type
11.7.1. Hardware Systems
11.7.2. Software Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microgrid Monitoring Systems Demand Share, 2019-2026
12. Asia Pacific Microgrid Monitoring Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microgrid Monitoring Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microgrid Monitoring Systems Market Size and Volume Forecast by Application
12.4.1. Militaries
12.4.2. Universities
12.4.3. Commercial Users
12.4.4. Industrial Users
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microgrid Monitoring Systems Market Size and Volume Forecast by Type
12.7.1. Hardware Systems
12.7.2. Software Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microgrid Monitoring Systems Demand Share, 2019-2026
13. Middle East & Africa Microgrid Monitoring Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microgrid Monitoring Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microgrid Monitoring Systems Market Size and Volume Forecast by Application
13.4.1. Militaries
13.4.2. Universities
13.4.3. Commercial Users
13.4.4. Industrial Users
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microgrid Monitoring Systems Market Size and Volume Forecast by Type
13.7.1. Hardware Systems
13.7.2. Software Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microgrid Monitoring Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microgrid Monitoring Systems Market: Market Share Analysis
14.2. Microgrid Monitoring Systems Distributors and Customers
14.3. Microgrid Monitoring Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. General Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Exelon Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schneider Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Caterpillar Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Power Analytics Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Homer Energy LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. S&C Electric Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
