Market Share of Microgrid Control Systems Industry
The Microgrid Control Systems Market is moderately fragmented due to the large initial investments required to start a firm in the market. Some of the major companies in the market include ABB Group, Siemens AG, Hitachi Ltd, Eaton Corporation PLC, Princeton Power Systems, General Electric Corporation, Pareto Energy Ltd, Honeywell International Inc., Northern Power Systems Corporation, and Exelon Corporation, among others. Some key recent developments in the market include:
In March 2023, Siemens Canada partnered with Humber College to develop a Renewable Technology and Sustainable Microgrid Lab (SMART Lab) at its North Campus. Humber's investments in the SMART Lab are based upon sustainable digital technology, supported by the Province of Ontario. To generate and distribute energy locally and to allow for more efficient and sustainable use and consumption of electricity, devices such as electric vehicle charging stations, solar Smartflower, and battery energy storage systems will be used in the microgrid control system.
In March 2023, ABB invested in Direct Current microgrid start-up Direct Energy Partners to accelerate energy transformation. Direct Current (DC) energy networks will be crucial to the evolution of the energy industry, and this partnership enhances ABB's technological leadership in a significant future growth market. Direct Energy Partners' software platform automates the design and sourcing processes for DC Microgrids.
In August 2022, Engineering and management consulting firm Tetra Tech was implementing a 300kW future Microgrid for Oldham Council in Greater Manchester. ABB announced the delivery of electrical distribution and control systems for it. The project's initial phase, scheduled to be finished by the spring of 2023, was to incorporate solar photovoltaic panels, a 500kVA grid connection, EV charging stations, and the energy needs of an office building as heating provided by an air source heat pump.
Microgrid Control System Market Leaders
Siemens AG
ABB Group
Hitachi, Ltd
General Electric Corporation
Honeywell International, Inc.
*Disclaimer: Major Players sorted in no particular order
.webp){kind=logo}
