The Asia Pacific Microgrid Controller Market would witness market growth of 22.4% CAGR during the forecast period (2022-2028).
The generation of green sources like photovoltaic (PV) and wind energy for providing clean electricity with enhanced system performance and significant cost decrease is the best way. This is especially true for communities that live far in areas where the grid connection is difficult. Renewable energy sources are becoming the most significant source for supplying electric power directly to the customer without a conventional distribution system.
Therefore, the most environmentally friendly means of generating energy and heat are from renewable sources. The primary benefits of sources of renewable energy include instantaneous availability, reduced reliance on fossil fuels, low variability costs, and reduced need for transportation while providing improved economic efficiency.
DER and loads are integrated by microgrids in a policed and organized manner. They are usually close to where the demand is and can be quickly deployed. They can be fueled by sustainable power, through small-scale solar fields or nearby wind turbines, in windy or sunny locations, and have close to complete renewable integration.
Due to the region's expanding rural electrification programs, the Microgrid controller market is experiencing considerable expansion in the Asia-Pacific region, especially in Bangladesh and India. Government efforts to replace aging grid infrastructure and smart city programs have raised demand. The increasing need for power within the region has made major rivals shift focus to developing better approaches to strengthen their positions.
The China market dominated the Asia Pacific Microgrid Controller Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,152.8 million by 2028.The Japan market is experiencing a CAGR of 21.7% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 23.1% during (2022 - 2028).
Based on Connectivity, the market is segmented into Grid Connected and Off-grid Connected. Based on Offering, the market is segmented into Hardware, Software and Services. Based on End User, the market is segmented into Remote Areas, Commercial & Industrial, Military, Government, Utilities, Manufacturing and Healthcare. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Microgrid Controller Market is Projected to reach USD 12.6 Billion by 2028, at a CAGR of 21.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, General Electric (GE) Co., Schneider Electric SE, ABB Group, Honeywell International, Inc., Eaton Corporation, Caterpillar, Inc., S&C Electric Company, Cummins, Inc., and Emerson Electric Co.
Scope of the Study
Market Segments Covered in the Report:
By Connectivity
- Grid Connected
- Off-grid Connected
By Offering
- Hardware
- Software
- Services
By End User
- Remote Areas
- Commercial & Industrial
- Military
- Government
- Utilities
- Manufacturing
- Healthcare
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- General Electric (GE) Co.
- Schneider Electric SE
- ABB Group
- Honeywell International, Inc.
- Eaton Corporation
- Caterpillar, Inc.
- S&C Electric Company
- Cummins, Inc.
- Emerson Electric Co.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Microgrid Controller Market, by Connectivity
1.4.2 Asia Pacific Microgrid Controller Market, by Offering
1.4.3 Asia Pacific Microgrid Controller Market, by End User
1.4.4 Asia Pacific Microgrid Controller Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2018, Jul – 2022, Aug) Leading Players
Chapter 4. Asia Pacific Microgrid Controller Market by Connectivity
4.1 Asia Pacific Grid Connected Market by Country
4.2 Asia Pacific Off-grid Connected Market by Country
Chapter 5. Asia Pacific Microgrid Controller Market by Offering
5.1 Asia Pacific Hardware Market by Country
5.2 Asia Pacific Software Market by Country
5.3 Asia Pacific Services Market by Country
Chapter 6. Asia Pacific Microgrid Controller Market by End User
6.1 Asia Pacific Remote Areas Market by Country
6.2 Asia Pacific Commercial & Industrial Market by Country
6.3 Asia Pacific Military Market by Country
6.4 Asia Pacific Government Market by Country
6.5 Asia Pacific Utilities Market by Country
6.6 Asia Pacific Manufacturing Market by Country
6.7 Asia Pacific Healthcare Market by Country
Chapter 7. Asia Pacific Microgrid Controller Market by Country
7.1 China Microgrid Controller Market
7.1.1 China Microgrid Controller Market by Connectivity
7.1.2 China Microgrid Controller Market by Offering
7.1.3 China Microgrid Controller Market by End User
7.2 Japan Microgrid Controller Market
7.2.1 Japan Microgrid Controller Market by Connectivity
7.2.2 Japan Microgrid Controller Market by Offering
7.2.3 Japan Microgrid Controller Market by End User
7.3 India Microgrid Controller Market
7.3.1 India Microgrid Controller Market by Connectivity
7.3.2 India Microgrid Controller Market by Offering
7.3.3 India Microgrid Controller Market by End User
7.4 South Korea Microgrid Controller Market
7.4.1 South Korea Microgrid Controller Market by Connectivity
7.4.2 South Korea Microgrid Controller Market by Offering
7.4.3 South Korea Microgrid Controller Market by End User
7.5 Singapore Microgrid Controller Market
7.5.1 Singapore Microgrid Controller Market by Connectivity
7.5.2 Singapore Microgrid Controller Market by Offering
7.5.3 Singapore Microgrid Controller Market by End User
7.6 Malaysia Microgrid Controller Market
7.6.1 Malaysia Microgrid Controller Market by Connectivity
7.6.2 Malaysia Microgrid Controller Market by Offering
7.6.3 Malaysia Microgrid Controller Market by End User
7.7 Rest of Asia Pacific Microgrid Controller Market
7.7.1 Rest of Asia Pacific Microgrid Controller Market by Connectivity
7.7.2 Rest of Asia Pacific Microgrid Controller Market by Offering
7.7.3 Rest of Asia Pacific Microgrid Controller Market by End User
Chapter 8. Company Profiles
8.1 General Electric (GE) Co.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 ABB Group
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Eaton Corporation PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.7 Caterpillar, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Cummins, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional & Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.5.2 Acquisition and Mergers:
8.8.5.3 Geographical Expansions:
8.9 Emerson Electric Co.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. S&C Electric Company
8.10.1 Company Overview
TABLE 1 Asia Pacific Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Microgrid Controller Market
TABLE 4 Product Launches And Product Expansions– Microgrid Controller Market
TABLE 5 Acquisition and Mergers– Microgrid Controller Market
TABLE 6 gEOGRAPHICAL eXPANSIONS– Microgrid Controller Market
TABLE 7 Asia Pacific Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Grid Connected Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Grid Connected Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Off-grid Connected Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Off-grid Connected Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Software Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Software Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Remote Areas Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Remote Areas Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Commercial & Industrial Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Commercial & Industrial Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Military Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Military Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Utilities Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Utilities Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Microgrid Controller Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Microgrid Controller Market by Country, 2022 - 2028, USD Million
TABLE 39 China Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 40 China Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 41 China Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 42 China Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 43 China Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 44 China Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 45 China Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 46 China Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 47 Japan Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 48 Japan Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 49 Japan Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 50 Japan Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 51 Japan Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 52 Japan Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 53 Japan Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 54 Japan Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 55 India Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 56 India Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 57 India Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 58 India Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 59 India Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 60 India Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 61 India Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 62 India Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 63 South Korea Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 64 South Korea Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 65 South Korea Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 66 South Korea Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 67 South Korea Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 68 South Korea Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 69 South Korea Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 70 South Korea Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 71 Singapore Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 72 Singapore Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 73 Singapore Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 74 Singapore Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 75 Singapore Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 76 Singapore Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 77 Singapore Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 78 Singapore Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 79 Malaysia Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 80 Malaysia Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 81 Malaysia Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 82 Malaysia Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 83 Malaysia Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 84 Malaysia Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 85 Malaysia Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 86 Malaysia Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Microgrid Controller Market, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Microgrid Controller Market, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Microgrid Controller Market by Connectivity, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Microgrid Controller Market by Connectivity, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Microgrid Controller Market by Offering, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Microgrid Controller Market by Offering, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Microgrid Controller Market by End User, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Microgrid Controller Market by End User, 2022 - 2028, USD Million
TABLE 95 KEY INFORMATION – General Electric (GE) Co.
TABLE 96 Key Information – Siemens AG
TABLE 97 Key information – Schneider Electric SE
TABLE 98 Key Information – ABB Group
TABLE 99 Key Information – Honeywell International, Inc.
TABLE 100 key information – Eaton Corporation PLC
TABLE 101 key information – Caterpillar, Inc.
TABLE 102 Key information – Cummins, Inc.
TABLE 103 Key Information – Emerson Electric Co.
TABLE 104 Key information – S&C Electric Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2018, Jul – 2022, Aug) Leading Players
FIG 6 Swot analysis: General electric (GE) Co.
FIG 7 Swot analysis: Siemens AG
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 SWOT Analysis: ABB Group
FIG 11 Swot analysis: Honeywell international, inc.
FIG 12 Recent strategies and developments: Cummins, Inc.