Market Trends of Smart Microgrid Controller Industry
This section covers the major market trends shaping the Smart Microgrid Controller Market according to our research experts:
Grid Connected Segment Expected to Exhibit Significant Share
- The grid-connected smart microgrid controller is a connected grid network, which is installed to provide energy in accordance with the requirements of the corresponding end-user. The micro sources are able to act as a current source with maximum power transfer capability to the grid. The majority of house owners and small-sized enterprises prefer the grid-connected microgrid controller, owing to its cost-efficient feature, to cater to their respective power requirements.
- Panasonic launched an urban microgrid, hybrid Energy Storage Systems (ESS) with end to end solutions for the Indian market. The integrated solar power microgrids incorporated features, such as efficient, reliable, and intelligent power storage solutions to fuel adoption in the urban residential and commercial areas. The solution allows grid interaction, remote monitoring, and data analytics and optimizing energy usage.
- Also, in September 2019, SimpliPhi Power, an energy storage system maker, collaborated with Heila Technologies on a distributed, scalable smart microgrid that combines power from homes into a virtual power plant. Heila Technologies is a developer of software and hardware that integrates diverse generation and storage assets into microgrids, to deliver a dynamic platform that aggregates multiple customer-cited SimpliPhi battery systems into a virtual power plant.
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North America Expected to Dominate the Market
- North America region is expected to dominate the Microgrid Controller Market owing to the rise in the adoption of renewable energy and distributed generation systems. Sustainable microgrids are emerging as a vital tool, across the United States, to combat climate change and increasing instances of natural disasters, such as earthquakes, hurricanes, wildfires, and many more.
- Microgrid controllers are increasing in adoption as the traditional energy grid struggle to provide uninterrupted power flow, which causes outages, and subsequently slows down the economies.
- Moreover, the aging infrastructure of the traditional energy grids requires major overhauls; thus, the United States Environmental Policy Agency imposed unprecedented greenhouse gas regulation, which is further expected to stimulate the adoption of integrated renewable energy microgrid controllers in the region.
- In October 2019, Schneider Electric and Excellerate jointly launched the Xcape by Excellerate Energy Microgrid. Xcape is an agile microgrid solution designed for quick deployment and installation, helping deliver power when needed in even the most remote locations. Excellerate is an innovator of manufactured electrical components and assemblies.
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