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The microgrid controller market is estimated to grow at a CAGR of 15.65% from 2019 to 2024NEW YORK, Feb. 19, 2019 /PRNewswire/ -- The microgrid controller market is estimated to grow at a CAGR of 15.65% from 2019 to 2024. The Americas is one of the most technologically advanced markets for microgrids.It has a large number of microgrid solution providers. In January 2017, National Instruments (NI) opened an Industrial Internet of Things (IIoT) lab in Austin, Texas, where companies work together and experiment with solutions.As system integration is a major challenge for the market, the IIoT lab was launched to overcome it. The major focus of the lab is on microgrid control, advanced manufacturing control, and heavy equipment asset monitoring. For determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the primary participants' profile is provided below: • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20% • By Designation: – C-Level Executives – 45%, Directors – 25%, and Others – 30% • By Region: North America – 40%, Europe – 25%, APAC – 20%, and RoW – 15% Major companies covered in this microgrid controller market report are Schneider Electric (France), General Electric (US), ABB (US), Siemens (Germany), Schweitzer Engineering Laboratories (US), Eaton Corporation (Ireland), Honeywell International (US), Lockheed Martin (US), S&C Electric (US), and Power Analytics (US). Research Coverage: • Major verticals where microgrid controllers are used include government, utilities, commercial, industrial, educational institutes, military & defense, healthcare, and others. • By offering, the microgrid controller market is segmented into hardware, and software, and services. • By connectivity, the microgrid controller market is segmented into grid connected and off grid/remote/islanded. • The geographic analysis is done with regard to 4 regions: Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW) Reasons to Buy This Report: This research report focuses on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles, which discuss the basic views on the competitive landscape; emerging and high-growth segments and regions of the microgrid controller market; and drivers, restraints, challenges, and opportunities. The report provides insights on the following: • Market penetration: Comprehensive information on microgrid controllers offered by the top players • Product development/innovation: Detailed insights into R&D, emerging technologies, and product launches • Market development: Comprehensive information about lucrative emerging markets—the report analyzes the market across regions • Market diversification: Exhaustive information about untapped geographies, recent developments, and investments • Competitive assessment: In-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of the leading players Read the full report: https://www.reportlinker.com/p05741671 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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