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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.
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Browse in-depth TOC on “Microgrid Controller Market” 159 – Tables
60 – Figures
225 – Pages
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Microgrid Controller Market Report Scope: |
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Report Coverage |
Details |
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Market Revenue in 2024 |
$ 6.8 billion  |
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Estimated Value by 2029 |
$ 18.7 billion |
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Growth Rate |
Poised to grow at a CAGR of 22.6% |
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Market Size Available for |
2020–2029 |
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Forecast Period |
2024–2029 |
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Forecast Units |
Value (USD Million/Billion) |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
By Connectivity, Offering, End User and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
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Key Market Challenge |
Technological, operational, and security risks associated with microgrids |
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Key Market |
Increasing energy consumption and growing need for renewable energy in Asia |
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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.
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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).
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NEW YORK, Jan. 9, 2025 /PRNewswire/ — Stax LLC, a global strategy consulting firm specializing in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, is pleased to announce the appointment of Peter Rodrigues-Renon as a Director, leading the EMEA Value Creation practice in the London office. Peter brings extensive expertise in driving value creation through the alignment of strategy, commercial insights, and operational execution.
“His proven ability to define, quantify, and implement actionable value creation plans will enhance Stax’s capabilities to deliver measurable, sustainable results for its clients,” said Vince Zosa, Managing Director, Value Creation. “Peter will drive our growth in three critical areas: expanding our European capabilities in strategy, commercial excellence, and pricing, while building on our proven success in supporting our clients’ portfolio companies; leading Stax’s international expansion to meet the increasing global needs of our private equity clients; and leveraging his deep expertise in technology—particularly in digitalization, AI, and tech-enabled growth—to advise our clients on unlocking transformational value.”
Peter’s career includes leadership roles at EY-Parthenon, Alvarez & Marsal, and PwC, where he built a track record of delivering impactful results for private equity and corporate M&A initiatives. He has led complex buy-side transactions, including multi-territory integrations, carve-outs, and public-to-private transitions. His expertise spans multiple sectors, with a particular focus on technology and software, business services, and consumer markets.
“It is a privilege to join Stax at such an exciting time,” said Peter Rodrigues-Renon. “The opportunity to scale Stax’s proven US capabilities in the UK and EMEA markets is unique and energizing. Stax’s data-driven, action-orientated mindset aligns perfectly with my approach. I focus on bridging strategy with operational execution to help private equity clients unlock the full potential of their investments. By operating at the intersection of strategy and operations, I deliver impactful, sustainable results while collaborating closely with management teams to drive success.”
Phil Dunne, UK Managing Director, highlighted the significance of Peter’s appointment. “Peter’s combination of strategic insight, operational expertise, and deep sector knowledge makes him an outstanding addition to the team. His entrepreneurial mindset, coupled with his experience in delivering value creation strategies, aligns perfectly with Stax’s culture and commitment to client success. Peter’s leadership will play a key role in accelerating our growth and delivering best-in-class outcomes for our clients in the UK and beyond.”
Stax’s London office has rapidly expanded to support growing demand from private equity firms and portfolio companies across EMEA. The addition of Peter Rodrigues-Renon reinforces Stax’s commitment to delivering transformative value creation strategies, combining local expertise with global resources to meet the evolving needs of its clients.
About Stax LLC
Stax LLC is a global management consulting firm serving corporate and private equity clients across a broad range of industries including software/technology, healthcare, business services, industrial, consumer/retail, and education. The firm partners with clients to provide data-driven, actionable insights designed to drive growth, enhance profits, increase value, and make better investment decisions. Please visit www.stax.com and follow Stax on LinkedIn, Instagram, Threads, and Facebook.
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Çağrı Alkaya Named Global Chair in Leadership Transition
LONDON, Jan. 9, 2025 /PRNewswire/ — Çağrı Alkaya, Managing Partner of Stanton Chase London and former Board Member and Vice Chair, Regions, has been elected as Global Chair of the Board at Stanton Chase, succeeding Kristof Reynvoet.
Panos Manolopoulos, Managing Partner at Stanton Chase Dubai and Greater China, will assume the role of Global Vice Chair, Regions, vacated by Çağrı Alkaya.
The Board will maintain its strong foundation of leadership with continuing members and Global Vice Chairs, Bernardita Mena Aldunate (People Excellence), Ken Nimitz (Finance), and Tom Christensen (Practice Groups), whose expertise and experience will continue to be assets to the organization.
“The past years have been an incredible journey,” said Kristof Reynvoet. “Working alongside such talented colleagues and watching our organization grow from strength to strength has been the highlight of my career. I can’t think of anyone better suited than Çağrı to lead us into our next chapter.”
“I’m truly honoured to take on this role,” said Çağrı Alkaya. “Kristof has been a wonderful colleague, leader, and friend to many of us. Building on our work of the past two years, we’ll continue to focus on what matters most—our people, our clients, and the collaborative spirit that makes Stanton Chase special.”
“We certainly have exciting plans for Stanton Chase,” added Alkaya. “We will continue to provide best-in-class services for our clients, emphasizing our values, purpose-driven culture, and commitment to exceptional client satisfaction. I want us to grow—both organically and through smart partnerships—but always with purpose. That means working hard to deliver excellence for our clients, driving our business forward, finding exceptional talent both for our clients and our own teams, and enhancing our operational excellence. Most importantly, we’ll keep building on the culture that makes us special. In my 18 years here, I’ve seen that when you combine real teamwork with hard work and match strong governance with shared values, you create something remarkable.”
The appointments are effective January 2025.
About Stanton Chase
For over three decades, Stanton Chase has been at the forefront of corporate leadership, providing unparalleled support to our clients. As a top-ranked global retained executive search and leadership advisory firm, with over 70 offices in 45 countries, we take pride in being more than just leadership service providers; we are your trusted partners in leadership.
Press Contact
Russell Kalam, Stanton Chase, [email protected]
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LONDON, Jan. 9, 2025 /PRNewswire/ — Levine Leichtman Capital Partners (“LLCP”), a global private equity firm, announced today that it has agreed to make a growth investment in Zero100 Community Limited (“Zero100” or the “Company”) in partnership with its Founders and the existing management team. Terms of the transaction were not disclosed.
Zero100 is the leading cross-industry research and intelligence company that connects and provides strategic advice to global operations and supply chain leaders from a range of leading global businesses including Nike, Walmart, Unilever, Pfizer, Google, Honeywell, Volvo Cars and many others. Clients use the Company’s peer networking, data, research and advisory services to shape their global supply chain strategies and accelerate progress on long-term digitization and sustainability initiatives. Headquartered in London, UK, and founded in 2021, the Company has over 50 employees, with offices in London and New York.
Zero100 will continue to be led by Co-Founder and CEO Olly Sloboda and the existing management team.
Olly Sloboda commented, “Our partnership with LLCP comes at a very exciting stage for Zero100 and I am immensely proud of what our team has invented on behalf of customers. LLCP’s proven track record of supporting entrepreneurs and their deep experience in information services will help accelerate our vision of revolutionizing the supply chain intelligence market. We look forward to working closely with the LLCP team to build on Zero100’s substantial momentum.”
Josh Kaufman, Partner and Head of Europe at LLCP, said “We are delighted to partner with Olly and his management team. They have built a very impressive business, and we are thrilled to join them on the next phase of growth. Zero100 is uniquely positioned to support their clients in addressing their board-level supply chain objectives, driven by rising trade complexities and increasing technological innovation. We are excited to support the Company through this next chapter of growth.”
Zero100 will be the eighth investment of Levine Leichtman Capital Partners Europe II, SCSp. Across its funds, LLCP has invested extensively in the data, information services and supply chain space, including investments in Skill Dynamics, AGDATA, Law Business Research, and CreditInfo.
LLCP was advised by PwC (financial & tax), Willkie Farr & Gallagher (legal) and Simon Kucher (commercial).
Management was advised by Raymond James (M&A), Hogan Lovells (legal), Eight Advisory (financial) and Deloitte (tax).
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.
LLCP’s global team of dedicated investment professionals is led by 10 partners who have worked at LLCP for an average of 20 years. Since inception, LLCP has managed approximately $15.6 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $10.0 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.
Contact: Isabel Moon, [email protected]
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