Microgrid Control System Market: Demand, Growth and Competitive Analysis
January 30, 2021 | by admin |
The latest market report published by Credence Research, Inc. The
microgrid control system market was valued at US$ 2.61 Bn in 2018 and expected to grow at a CAGR of 12.0% during the forecast period from 2019 to 2027.
Market Insights
“Increasing demand for reliable and secure power supply worldwide will upgrade the market growth during the forecast period”
Growing environmental measures in line with strict regulations to curb GHG emissions have aligned industry inclination toward the incorporation of efficient energy conservation systems. Operational & regulatory re-structuring across eminent power markets supported by ongoing product advancements in the fields of technological efficiency, flexibility and operation have been focal point for this evolution. Moreover, advanced power distributed generation systems in line with the rapid development of re