Oct 31, 2019   SOURCE: BusinessWire

Global Microgrid Monitoring System Market, Competition, Forecast & Opportunities, 2024 - ResearchAndMarkets.com

The "Global Microgrid Monitoring System Market, By Grid Type (On grid & Off-grid), By Component (Hardware & Software), By Ownership (Public & Private), By End User, By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.

The Global Microgrid Monitoring System Market is forecast to grow at a CAGR of over 11% during 2019-2024, owing to increasing demand for power, rising emphasis on alternative energy production, improving and evolving technologies, refurbishment of ageing infrastructure, and investments in smart grids and energy systems.

Microgrid monitoring system is a device that enables the establishment of a microgrid by controlling distributed energy resources and loads in a predetermined electrical system to maintain acceptable frequency and voltage. Increasing investments in transmission & distribution infrastructure and massive investments in smart grids and energy systems, globally, would further drive the Global Microgrid Monitoring System Market during the forecast period.

In terms of component, hardware segment is expected to grow at the fastest rate during 2019-2024. The hardware components of microgrid monitoring system include physical components such as CPU module, digital input module, digital output module, analog input/output module, local Controller, data logger, data recorder, relays, meters and communication network.

The increasing number of microgrid projects in large power plants and high demand from process industries such as manufacturing, oil & gas, mining, steel and chemicals would further drive the hardware segment of the microgrid monitoring system market.

Asia-Pacific accounted for a significant portion of the Global Microgrid Monitoring System Market in 2018 and is expected to register strong growth during forecast period as well, on the back of increasing investments in grid expansion projects by developing nations such as China and India to boost their distribution grid reliability. Among the countries in the region, China was the largest market for microgrid monitoring system in 2018. China has the highest installed power generation and distribution capacities, which is turn is resulting in huge demand for microgrid monitoring system.

The Global Microgrid Monitoring System Market is characterized by a diverse group of regional and international manufacturers. The market for microgrid monitoring system is moderately fragmented in nature. There is very minimal product differentiation which induces vendors to retain their market shares by pricing their products and services competitively.

Additionally, established international vendors face intense competition from regional vendors which provide customers with comparatively low-priced and customized products.

Some of the major companies operating in the Global Microgrid Monitoring System Market are Siemens AG, General Electric Company, ABB Ltd, Schneider Electric, Schweitzer Engineering Laboratories and Emerson.

Years considered for this report:

  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors considered while selecting a supplier

4.2. Product awareness and applicability & usage analysis

4.3. Challenges/issues faced post purchase

4.4. Unmet needs

5. Global Microgrid Monitoring System Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Grid Type (On-grid; Off-grid)

5.2.2. By Component (Hardware; Software)

5.2.3. By Ownership (Public; Private)

5.2.4. By End User (Utilities; Campuses & Institutions; Industrial; Commercial and Others)

5.2.5. By Region (Asia-Pacific; Europe; North America; South America; Middle East & Africa)

5.2.6. By Company (2018)

5.3. Market Attractiveness Index (By Grid Type; By Component, By Ownership, By End User, By Region)

6. Asia-Pacific Microgrid Monitoring System Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Grid Type

6.2.2. By Component

6.2.3. By Ownership

6.2.4. By End User

6.2.5. By Country

6.3. China Microgrid Monitoring System Market Outlook

6.4. India Microgrid Monitoring System Market Outlook

6.5. Japan Microgrid Monitoring System Market Outlook

6.6. South Korea Microgrid Monitoring System Market Outlook

6.7. Australia Microgrid Monitoring System Market Outlook

6.8. Thailand Microgrid Monitoring System Market Outlook

6.9. Malaysia Microgrid Monitoring System Market Outlook

7. North America Microgrid Monitoring System Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Grid Type

7.2.2. By Component

7.2.3. By Ownership

7.2.4. By End User

7.2.5. By Country

7.3. United States Microgrid Monitoring System Market Outlook

7.4. Canada Microgrid Monitoring System Market Outlook

7.5. Mexico Microgrid Monitoring System Market Outlook

8. Europe Microgrid Monitoring System Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Grid Type

8.2.2. By Component

8.2.3. By Ownership

8.2.4. By End User

8.2.5. By Country

8.3. Germany Microgrid Monitoring System Market Outlook

8.4. United Kingdom Microgrid Monitoring System Market Outlook

8.5. France Microgrid Monitoring System Market Outlook

8.6. Italy Microgrid Monitoring System Market Outlook

8.7. Spain Microgrid Monitoring System Market Outlook

9. Middle East & Africa Microgrid Monitoring System Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Grid Type

9.2.2. By Component

9.2.3. By Ownership

9.2.4. By End User

9.2.5. By Country

9.3. Saudi Arabia Microgrid Monitoring System Market Outlook

9.4. UAE Microgrid Monitoring System Market Outlook

9.5. South Africa Microgrid Monitoring System Market Outlook

9.6. Iran Microgrid Monitoring System Market Outlook

10. South America Microgrid Monitoring System Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Grid Type

10.2.2. By Component

10.2.3. By Ownership

10.2.4. By End User

10.2.5. By Country

10.3. Brazil Microgrid Monitoring System Market Outlook

10.4. Argentina Microgrid Monitoring System Market Outlook

10.5. Colombia Microgrid Monitoring System Market Outlook

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1. Competition Outlook

13.2. Company Profiles

13.2.1. Basic Details

13.2.2. Financials (As reported)

13.2.3. Supply Chain Analysis

13.2.4. Key Market Focus and Geographical Presence

13.2.5. Planned Investments

13.2.6. Pricing of Target Products

13.2.7. Market positioning

13.3. Global Players Profiled (Leading Companies)

13.3.1 ABB Ltd

13.3.2 Siemens AG

13.3.3 Eaton Corporation

13.3.4 General Electric Company

13.3.5 Emerson

13.3.6 Schneider Electric

13.3.7 Spirae

13.3.8 Schweitzer Engineering Laboratories (Sel)

13.3.9 Etap

13.3.10 S&C Electric Company

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/4ecnv7