Global Microgrid Control System Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Microgrid Control System Market 2021 (Includes Business Impact of COVID-19)
Global Microgrid Control System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global microgrid control system market report has been segmented on the basis of grid type, component, end user, and region.
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The global Microgrid Control System market size was valued at USD$9.68 billion in 2020 and is projected to reach USD $30.30 billion by 2030, and is anticipated to expand at a CAGR of 10.63% over the forecast period from 2020 to 2030.


Global Microgrid Control System Market: Overview


The microgrid control system ensures the supply of electricity during blackout situations and power failures. In addition, it shares a load as well as support when connected to the main grid.


Global Microgrid Control System Market: Dynamics


Microgrid control system plays an important role in the integration and use of renewable power such as wind and solar, to enhance system resilience as well as reducing cost. Growth in renewable power generation, increasing demand for reliable and secure power supply, along with increasing investments in electric networks, refurbishment of the existing grid networks, are some factors estimated to boost the global microgrid control system market. In addition, rising electrification projects in developing countries and technological advancement in the internet of things (IoT) and communication technologies, giving a new way for growth of the target market. Moreover, the need to reduce carbon emissions is expected to positively impact on the target market

Whereas, governmental laws and regulations along with high installation & maintenance cost of the microgrid control systems are expected to restrain growth of microgrid control system market

A recent trend observed in the target market is Industries are looking to reduce energy costs while also reducing carbon emissions. Due to the increasing environmental concerns around the world, industries are focusing to optimize energy consumption to reduce operating costs. Thus, many companies opting for microgrid systems to increase efficiency, reduce carbon emissions as well as reduce energy costs.


Global Microgrid Control System Market: Segment Analysis


Among the grid type segments, the grid-connected microgrids segment is expected to dominate the target market over the forecast period.

Among the component segments, the software segment registered a substantial growth rate.

Among the end-user segment, the military & defense segment dominates the global market and expected to witness significant growth over the forecast period.


Global Microgrid Control System Market: Regional Analysis


The market in the Asia Pacific accounts for significant market share in the global market and is estimated to maintain its dominance over the forecast period. This is attributed to increasing investments in the electric grid development along with the growing adoption of renewable sources of power generation. In March 2017, Schneider Electric SE signed a tripartite agreement with Nanyang Technological University (Singapore) and Engie Lab (Singapore) to develop a renewable micro-grid demonstrator for off-grid areas in the Asia Pacific.

The market in North America contributes substantial revenue share to the target market. Rise of renewable energy and distributed generation systems in the US and Canada are projected to contribute to growth of the target market. Furthermore, rising governmental support and replacements of the aging infrastructure are expected to drive growth of the target market in the near future.


Below are the active patents related to Liquid Feed Supplements Market.


Patent Number: US20120101639A1

System and method for controlling microgrid

Abstract

A system for controlling a microgrid includes microgrid assets and a tieline for coupling the microgrid to a bulk grid; and a tieline controller coupled to the tieline. At least one of the microgrid assets comprises a different type of asset than another one of the microgrid assets. The tieline controller is configured for providing tieline control signals to adjust active and reactive power in respective microgrid assets in response to commands from the bulk grid operating entity, microgrid system conditions, bulk grid conditions, or combinations thereof.

Application File Date: 2006-12-15

Application Granted Date: 2011-07-19

Current Assignee: General Electric Co

Patent Number: US9318947B2

Automatic AC bus voltage regulation for power distribution grids

Abstract

A system for automatically regulating voltage on a distribution-level AC bus having an actual voltage and a nominal voltage includes an electronic power converter connected to the distribution-level AC bus. The system generates a feedback signal representative of the actual voltage of the distribution-level AC bus and produces an input control signal in response to the feedback signal. The input control signal is representative of a commanded level of reactive power. The electronic power converter is responsive to the input control signal to deliver a commanded reactive power output to the distribution-level AC bus, and the commanded reactive power output pushes the actual voltage towards the nominal voltage.

Application File Date: 2014-02-04

Application Granted Date: 2016-04-19

Current Assignee: Perfect Galaxy International Ltd

Global Microgrid Control System Market Segmentation:

Segmentation by Grid Type:

  
On-Grid
  
Off-Grid

Segmentation by Components:

  
Hardware
  
Software

Segmentation by End-User:

  
Utilities
  
Industrial
  
Commercial
  
Military & Defense
  
Others (Educational Institutes, healthcare)


Key Market Players included in the report:


  
ABB (Switzerland)
  
Eaton Corporation (Ireland)
  
Emerson (US), SPIRAL (US)
  
ETAP (US)
  
General Electric Corporation
  
Hitachi, Ltd
  
Honeywell International, Inc.
  
ONTECH Electric Corporation (China)
  
Power Secure, Inc. (US)
  
S&C Electric Company (US)
  
Schneider Electric (France)
  
Schweitzer Engineering Laboratories (US)
  
Siemens (Germany)
  
Spirae
  
Woodward, Inc. (US)


Below are the key development related to Liquid Feed Supplements Market in 2020 and 2021.


May 2021: Fort Hunter Liggett Partners with Ameresco to Install Resilient, Secure and Sustainable Microgrid Project. The $21.6 million project marks a significant step forward for the Army base in its goal of reaching net-zero energy use in the near term. Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, announced the upcoming groundbreaking of its electrical distribution microgrid at Fort Hunter Liggett. To support USAG Fort Hunter Liggett’s goals to achieve Net Zero Energy, while also attaining U.S. Army Directives to achieve Critical Mission Resiliency, the $21.6 million project will include the design and installation of a secure, islandable and autonomous microgrid with controls and interconnection for new and existing generation and storage systems at the 165,000-acre U.S. Army Reserve training center. Source

May 2021: Hitachi ABB Power Grids selected for Thailand’s largest private microgrid. As Thailand moves to decarbonise its energy sector, the role of microgrids and other distributed energy resources is expected to play an increasingly important role. Thai energy company Impact Solar is partnering with Hitachi ABB Power Grids for the provision of an energy storage system for use in what is being claimed to be the country’s largest private-owned microgrid. Hitachi ABB Power Grids’ battery energy storage and control system will be leveraged at the Saha Industrial Park microgrid currently being developed in Sriracha. The 214MW microgrid will comprise gas turbines, rooftop solar and floating solar systems as power generation resources, and the battery storage system to meet demand when generation is low. The battery will be controlled in real-time to optimise power output to meet the demand of the entire industrial park which comprises data centers and other business offices. Source

February 2021: LF Energy Partners with Sony Computer Science Laboratories to Launch Open-Source Microgrid Project. Hyphae Web Services will automate peer-to-peer renewable energy distribution. LF Energy, a Linux Foundation nonprofit seeking to accelerate the energy transition of the worlds grids and transportation systems through open source, along with its newest member, Sony Computer Science Laboratories, Inc. (Sony CSL), a subsidiary of Sony Corporation, announced hyphae, a microgrid initiative to automate the peer-to-peer distribution of renewable energy. With energy resources and infrastructure increasingly challenged to meet the coming impacts of climate change and natural disaster, Hyphae aims to make microgrids more resilient. It will do so by transitioning Sony CSLs existing software, Autonomous Power Interchange System (APIS), which automatically and efficiently distributes locally-produced renewable energy over a DC grid, to work with AC Grids. With resilient, peer-to-peer microgrid energy trading, even the most remote communities will be able to store and distribute energy autonomously without connecting to large-scale power stations or electrical distribution networks. Source

February 2021: CleanSpark Launches mVoult, a Direct-to-Consumer Residential Microgrid Solution. CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified software and services company, announced the launch of mVoult (mvoult.com) for home microgrids. mVoult is a standalone energy management controller that is capable of directing the operations of both existing and new energy assets. mVoult will be offered as a smart controller and mobile app specifically designed for residential applications. The Company also plans to launch a fully integrated mVoult branded battery energy storage and controls solution. The home power solution will enable the selection of optional add-ons such as solar integration or back-up generators. The systems are expected to continue to support the Companys energy and vendor agnostic solutions. CleanSparks residential microgrids will be capable of integrating into new or existing energy management assets or systems. CleanSparks smart controls technology has been used in commercial applications, as well as mission-critical military deployments for a number of years, and the Company has identified a growing need for a product like mVoult in the residential market. There has been a significant increase in demand from homeowners, especially in California, to add solar and storage solutions to provide backup power due to blackouts or utility outages due to wildfire risks and high electricity usage rates during heat waves. A home microgrid with a smart controller can provide significant flexibility in managing cost savings and resilience for the homeowner. With the expected expansion of government incentive programs under the Biden administration and the decreasing cost of energy assets, a home microgrid has become an even more viable option for homeowners to consider. Source

January 2020: Rolls-Royce grows microgrid division by acquiring German energy storage firm. Rolls-Royce will hold a 73.1 percent stake in Berlin-based electricity storage specialist Qinous GmbH later this month. The company is acquiring the shareholdings of all other current financial investors, including that of investment holdings company IBB Beteiligungsgesellschaft mbH. Qinous GmbH is involved in battery storage systems and associated control systems and has already implemented storage solutions around the world. Source