Fintech PR
Microgrid Controller Market worth $18.7 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, March 22, 2024 /PRNewswire/ — The microgrid controller market is expected to reach USD 18.7 billion by 2029 from USD 6.8 billion in 2024, at a CAGR of 22.6% during the 2024-2029 period according to a new report by MarketsandMarkets™. Various companies are investing in microgrid controller which gives an opportunity for growth in the microgrid controller market. The microgrid controller market is continuously developing, with the presence of multiple players. Americas is likely to contribute significantly to the growth of the microgrid controller market. Similarly, the Asia Pacific, RoW and Europe regions are expected to be the growing market for the forecasted period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103650618
Browse in-depth TOC on “Microgrid Controller Market” 159 – Tables
60 – Figures
225 – Pages
|
Microgrid Controller Market Report Scope: |
|
|
Report Coverage |
Details |
|
Market Revenue in 2024 |
$ 6.8 billion |
|
Estimated Value by 2029 |
$ 18.7 billion |
|
Growth Rate |
Poised to grow at a CAGR of 22.6% |
|
Market Size Available for |
2020–2029 |
|
Forecast Period |
2024–2029 |
|
Forecast Units |
Value (USD Million/Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
By Connectivity, Offering, End User and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Key Market Challenge |
Technological, operational, and security risks associated with microgrids |
|
Key Market |
Increasing energy consumption and growing need for renewable energy in Asia |
|
Key Market Drivers |
Increasing demand for reliable, uninterrupted power supply |
Grid-connected microgrid controller is expected to have the largest market share in the forecast period.
The grid-connected segment leads the microgrid controller market. These microgrids contribute to grid resilience, enhance power quality, and exhibit minimal environmental impact. They are typically linked to large utility grids and serve diverse areas ranging from small residential clusters to expansive installations like military bases. Power transmission in grid-connected microgrids relies on the main grids; hence, any disruptions to these grids affect overall power transmission networks.
Solar PV technology predominantly powers grid-connected microgrids, which encompass multiple generators, distribution systems, and advanced controls. These microgrids draw on the main power grid for primary energy supply, balance, and backup. Grid-connected microgrids offer more reliable power generation than remote/island microgrids, as they can generate power within their distribution circuits and import it from utility sources.
The microgrid market in the Americas is growing rapidly due to the increase of distributed energy plants and the decrease in energy storage costs. This growth is particularly noticeable in the US. Grid-connected microgrids facilitate renewable energy integration without extensive upgrades, thereby enhancing energy efficiency, resilience, and curbing carbon emissions.
Software & Services offering of the microgrid controller market is predicted to register the highest CAGR in the forecast period.
Microgrid controllers, pivotal in optimizing and managing microgrids, rely on sophisticated software as their core control logic, programmed to enhance power system availability and reduce energy consumption. This software facilitates monitoring, prediction, management, and optimization of energy supply and demand within the microgrid network. To ensure efficiency, proper communication among microgrid hardware components, including generators, wind turbines, solar arrays, and energy storage devices, is essential. Microgrid controller software is purpose-built to integrate these components, enabling efficient interaction and control over energy generation, storage, and consumption.
Service offerings for microgrid controllers encompass feasibility studies, system design, generation optimizer configuration, integration, commissioning support, and training, with regular system check-ups ensuring operational success and compliance with evolving cybersecurity standards. Engineering, monitoring, and maintenance services are pivotal for the effective adoption and development of microgrids, with local involvement promoted through technician training and collaboration with local organizations. Artificial intelligence (AI) presents an innovative avenue for enhancing microgrid maintenance, offering the potential to track, predict, and visualize maintenance needs using machine learning techniques. The energy-as-a-service (EaaS) business model introduces new opportunities in the microgrid controller market, allowing customers to access energy services without upfront capital investments and tailoring agreements to individual energy needs, goals, and local regulations, with fees based on usage, alleviating risk for the microgrid host.
In May 2023, Schneider Electric (France) launched its EcoStruxure Microgrid Flex, which represents a pioneering, standardized microgrid solution aimed at substantially shortening project timelines, thereby enhancing the system’s return on investment.
Growing initiatives for energy and sustainable development in smart cities.
Smart cities represent a groundbreaking approach to urban management aimed at enhancing sustainability and improving residents’ quality of life. As metropolitan populations continue to burgeon and the costs associated with ensuring a reliable power supply rise, the modernization of power delivery becomes imperative. However, the mere replacement of outdated components with new ones is insufficient. The investments made must also address the integration of larger proportions of renewable energy while meeting the heightened demand for reliability and resilience from energy consumers and businesses.
To tackle these challenges, innovative tools such as intelligent energy storage, smart grids, consumer demand response management (DRM), Internet of Things (IoT) technology, and microgrids are being deployed. Among these, microgrid controllers stand out as crucial assets driving the advancement of smart cities. These controllers are instrumental in optimizing energy usage within urban environments, thereby promoting sustainability and environmental responsibility. Leveraging advanced control algorithms and real-time data analytics, microgrid controllers enable the efficient distribution and utilization of energy resources, minimizing waste and enhancing operational efficiency.
Moreover, microgrid controllers play a significant role in achieving emissions reduction goals by facilitating the seamless integration of renewable energy sources into urban energy infrastructure. Through intelligent management of solar, wind, and other clean energy assets, these controllers reduce reliance on fossil fuels, thereby mitigating environmental impact and fostering the transition toward a low-carbon economy. In essence, microgrid controllers are pivotal tools in driving the evolution of smart cities towards greener, more efficient, and sustainable urban landscapes.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=103650618
Microgrid controller market for the Asia Pacific region to register the highest CAGR between 2024 and 2029 forecast.
The Asia Pacific region is predicted to register the highest CAGR in the forecast period. Notably, industries like semiconductors & consumer electronics, automotive, metals & mining, and healthcare exhibit robust adoption rates of microgrids within the region. The proliferation of semiconductor and consumer electronics manufacturing facilities, led by key players like TSMC, Samsung, and Sony, is a significant driver of market growth. Key adopters of microgrid technology in Asia Pacific include China, Australia, India, Singapore, and other Southeast Asian nations.
The Asia Pacific microgrid controller industry is forecasted to experience the most rapid growth during the projection period. Analysis of the market encompasses Australia, China, Japan, and the rest of Asia Pacific. In July 2020, Canopy Power entered into a strategic partnership with EDF to jointly develop renewable energy microgrids in Asia. Growth in this region is propelled by extensive rural electrification efforts observed in economies like India, Malaysia, and the Philippines. Moreover, the inadequacy of electricity infrastructure in emerging markets, coupled with the geographical makeup of island nations such as Indonesia and the Philippines, has spurred a rising demand for economical microgrid solutions. These factors are poised to significantly bolster the growth of the microgrid controller market in the Asia Pacific region throughout the forecast period.
Key Players
The report profiles major players in the microgrid controller companies are Schneider Electric (France), General Electric (US), ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schweitzer Engineering Laboratories, Inc. (US), Honeywell International Inc. (US), Caterpillar (US), S&C Electric Company (US), Power Analytics Corporation (US), Cummins Inc. (US), Tesla Energy (US), Emerson Electric Co. (US), HOMER Energy (US), Hitachi Energy Ltd. (Switzerland), Pareto Energy (US), Encorp (US), Powerhive (Kenya), Enchanted Rock (US), AutoGrid Systems, Inc. (US), Heila Technologies (US), Ameresco, Inc. (US), PowerSecure, Inc. (US), Canopy Power (Singapore), Scale Microgrid Solutions LLC (US), and Spirae, LLC (US).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=103650618
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Microgrid Market by Connectivity (Grid Connected, Off-grid), Offering (Hardware (Power Generators, Controllers, Energy Storage Systems), Software, Services), Power Source, End User, Power Rating and Region – Global Forecast to 2029
HVDC Transmission Market by Component (Converter Stations, Transmission Cables), Technology (CCC, VSC, LCC, HVDC, UHVDC), Project Type (point-to-point, back-to-back, multi-terminal), Application, Region – Global Forecast to 2028
Microgrid as a Service (MaaS) Market by Grid Type (Grid Connected, and Remote or Islanded), Service Type (Engineering & Design, SAAS, Monitoring & Control, and Operation & Maintenance), Vertical, and Geography – Global Forecast to 2022
Silicon Carbide Market by Device (SiC Discrete Device, SiC Module), Wafer Size (Up to 150mm, >150mm), End-use Application (Automotive, Energy & Power, Industrial, Transportation), Material, Crystal Structure and Region – Global Forecast to 2029
Digital Substation Market by Module (Hardware, Fiber-Optic Communication Networks, and Scada Systems), Type (Transmission and Distribution), Voltage, Installation Type, Industry, and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/microgrid-controller-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/microgrid-controller.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/microgrid-controller-market-worth-18-7-billion-by-2029—exclusive-report-by-marketsandmarkets-302096986.html
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
The following files are available for download:
|
Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
|
|
EQT AB Group |
View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html
- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html
VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
Logo – https://mma.prnewswire.com/media/1430981/BIOVAXYS_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html
-
Latest News7 days ago
Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions
-
Latest News3 days ago
Clayfin Technologies and Jana Small Finance Bank Honored with Prestigious IBSi Digital Banking Award 2024
-
Latest News3 days ago
HANDSHAKE SPEAKEASY IN MEXICO CITY NAMED AS THE BEST BAR IN NORTH AMERICA AS RANKING OF NORTH AMERICA’S 50 BEST BARS IS REVEALED AT THIRD ANNUAL AWARDS CEREMONY
-
Latest News5 days ago
Colombia to showcase sustainable investment opportunities at the Investment Roadshow in London
-
Latest News5 days ago
Fortis Digital Solutions secures $20 million Series A funding to expand its presence in the MENA region
-
Latest News4 days ago
Nium Expands Regional Footprint in Asia; Signs Partnership MOU with Indonesian Payments Infrastructure Leader, Artajasa
-
Latest News4 days ago
RPX Corporation Launches RPX Empower
-
Latest News3 days ago
SDAX Unveils World’s First Securitised Gold Tokens for Digital Exchange Users