Microgrid Controller Market Size, Share, Industry Report, Revenue Trends and Growth Drivers (2024)

[225 Pages Report] 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.

The microgrid controller serves as a crucial element in microgrid infrastructure, often compared to its central brain. Designed to improve the reliability and effectiveness of microgrids, these control systems ensure continuous power supply while optimizing overall performance. They achieve this by maintaining stable voltage and frequency levels and adeptly managing power demand and supply dynamics, performing multiple functions within the power system concurrently. Furthermore, microgrid control systems play a key role in advancing environmental sustainability goals by facilitating the integration of renewable energy sources, thus promoting fuel and cost efficiencies. As a result, they empower microgrids to streamline operational processes and achieve heightened levels of efficiency. Operating seamlessly in both grid-connected and islanded modes, these systems synchronize with and disconnect from primary grids based on electricity availability from either the grid or distributed energy resources (DERS). Serving as central control hubs, they effectively oversee electricity usage within microgrid networks. With increasing recognition of the benefits provided by microgrid control systems, their influence is expected to remain significant and consistent in the foreseeable future.

Microgrid Controller Market Forecast to 2029

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Microgrid Controller Market Dynamics

Driver: Increasing demand for reliable, uninterrupted power supply

For more than a century, advanced economies have adhered to the principle of "bigger is better" in electric power supply. Extensive grids were constructed to link power plants with residences and businesses via extensive networks spanning thousands of miles. Electricity generated by large, distant power plants, which are tied to centralized power grids and rely on fossil fuels, is transmitted across various regions and nations. However, the inefficiencies in power transmission inherent to these power plants have become increasingly apparent.

Traditional grids heavily rely on fossil fuels for electricity production, contributing to pollution and global warming. Moreover, these grids are susceptible to natural disasters, often resulting in network malfunctions or blackouts. For example, Hurricane Sandy in the US and Typhoon Haiyan in the Philippines caused widespread blackouts in major areas, including New York and the islands of Leyte. In the aftermath of such calamities, these regions faced prolonged periods without electricity, prompting a surge in demand for self-generating plants or microgrids. The occurrence of hurricanes, heatwaves, windstorms, wildfires, and other extreme weather events in 2020 led to a significant increase in power outages for electric utility customers in the US. According to PowerOutage US, there were 1.33 billion outages in 2020, marking a 73% rise from approximately 770 million in 2019.

The escalating demand for power also results in interruptions and outages. For instance, in April 2022, power outages were reported in various parts of Mumbai and its suburbs due to increased power demand. Mumbai's power demand during summers has risen to 3,800 megawatts (MW), surpassing the typical range of 3,200-3,300 MW. Although the state requires 25,000 megawatts of electricity, only 21 to 22,000 megawatts are currently being supplied.

Microgrids, with their value proposition centered on reliability, energy security, and power quality, emerge as an appealing alternative to centralized power distribution systems. They represent the next frontier in the electrification drive, enabling access to remote areas inaccessible to large grids. Microgrids can enhance electric service reliability, promote cleaner energy, reduce costs, and mitigate the impacts of power outages. Moreover, microgrids offer the potential to integrate smart technologies, such as smart meters, to enhance operational efficiency. These technologies enable microgrids to engage in demand response, strategically utilize energy storage, and provide grid services. Industries requiring uninterrupted power supply, such as hospitals, universities, refineries, pharmaceutical companies, data centers, and military installations, are driving the global demand for microgrids.

Restraint: Interoperability and compatibility concerns due to large number of components/devices

Microgrids comprise multiple hardware and software components, which can make them difficult to plan and manage effectively. These components often come from different companies, which can cause compatibility and interoperability issues. Interoperability is important because it allows different technologies from different companies to easily connect and work together on the same network.

When setting up a microgrid, various devices, systems, and people need to interact with the electric power system (EPS) at the point where they connect, called the point of common coupling (PCC). At this connection point, interoperability is required so that data can be exchanged between different parts of the system. This interoperability becomes even more important when microgrid functions are part of the larger EPS rather than operating independently.

As new components are added to a microgrid over time, it becomes important to develop and update operational methods, protocols for secure communication, and standards to ensure that everything works together smoothly. Testing is also necessary to make sure that utility grids can work effectively with other microgrid systems. A microgrid control system must be able to adapt to these changes and additions in the microgrid as they happen.

Opportunity: Increasing energy consumption and growing need for renewable energy in Asia Pacific

In the dynamic landscape of the Asia Pacific region, utilities are undergoing significant transformation. Countries in the area are increasingly directing investments toward alternative electricity generation sources, such as wind and solar, in response to the escalating demand for power. Microgrid penetration levels are notably robust across various industries, including semiconductor & consumer electronics, automotive, metals & mining, and healthcare.

Southeast Asia, in particular, has witnessed a remarkable 80% surge in electricity demand since 2000, with projections indicating continued growth at double the global average over the next two decades. A primary catalyst behind this demand surge for reliable, uninterrupted electrical power is the region's youthful demographics. The five most populous Southeast Asian nations - Indonesia, the Philippines, Vietnam, Thailand, and Myanmar - collectively boast a youthful population exceeding 90 million. Many young entrepreneurs are venturing into diverse sectors, all of which necessitate reliable power, internet connectivity, and efficient manufacturing processes. This stands in stark contrast to previous generations in several Asian countries, who had limited access to electricity, often restricted to only a few hours per day.

Moreover, nations like China, India, and other South Asian countries are strategizing to expand their installed capacity for renewable energy sources. The increasing utilization of renewables for electricity generation presents ample growth prospects for the microgrid controller market in the Asia Pacific region. Furthermore, densely populated countries of the region, including China, India, Indonesia, and Malaysia, are witnessing rapid rates of rural electrification, underscoring a significant opportunity for the expansion of the microgrid controller market.

Challenge:Technological, operational, and security risks associated with microgrids

Microgrid operations pose inherent complexities and are accompanied by multiple unavoidable risks during installation and implementation. These risks encompass equipment failure, technological vulnerabilities, and security concerns, which collectively hinder the widespread adoption of microgrid systems. A microgrid comprises diverse interacting components, including transfer switches for seamless transition between grid and autonomous modes, interconnecting cables, and end-user loads equipped with advanced sensing, control, and communication technologies, tailored to accommodate dynamic load requirements across various grid conditions.

One critical risk is unintentional islanding, presenting security hazards for on-site utility personnel. During a blackout, a section of the grid may inadvertently disconnect from the main network, posing dangers as workers may remain unaware of live circuits within the island. Furthermore, islanding impedes automatic device reconnection to the grid, potentially leading to power flow anomalies and inverter shutdowns due to voltage fluctuations. Mitigating such risks necessitates robust measures to prevent unintentional islanding incidents.

Moreover, the integration of distributed energy resources (DERs), particularly renewable sources like solar and wind, introduces technical and technological complexities for microgrid operators. Challenges include ensuring seamless DER integration, balancing DER outputs, managing load fluctuations, ensuring system stability, facilitating grid interconnection, mitigating islanding risks, and addressing performance issues. To overcome these challenges and devise effective solutions, microgrid operators must leverage advanced site controllers, dispatchers, and algorithms.

Microgrid Controller Market Ecosystem

The prominent players in the microgrid controller market are Schneider Electric (France), General Electric (US), ABB (Switzerland), Siemens (Germany), and Eaton (Ireland).

Healthcare end user of Europe microgrid controller market is projected to grow at the highest CAGR during the forecast period

Healthcare facilities, including medical centers and hospitals, require consistent electricity for heating, cooling, and powering high-tech equipment essential for patient care. Uninterrupted power backup is critical, especially in intensive care units (ICUs) where life support systems need to function without interruption. Hospitals are increasingly adopting microgrids and combined heat and power (CHP) systems to meet these demands. The reliability of electricity supply is paramount for patient safety and efficient healthcare service delivery, prompting hospitals to invest in solutions that mitigate the risk of power interruptions.

Schneider Electric, a leading company in this sector, offers microgrid expertise and integrated solutions through its EcoStruxure for healthcare IoT solution architecture. An example of this trend is Lawrence + Memorial Hospital (L+M), which partnered with Bloom Energy in April 2022 to deploy a 1.75 MW fuel cell microgrid. This initiative aims to reduce emissions and utility costs, with L+M anticipating savings exceeding USD 9 million over a 20-year contract period.

Asia Pacific region is projected to grow at the highest CAGR during the forecast period form 2024-2029

The Asia Pacific region expected to have the highest CAGR of the microgrid controller market. Notably, industries such as semiconductors & consumer electronics, automotive, metals & mining, and healthcare are demonstrating robust adoption rates of microgrids within the region. The expansion of semiconductor and consumer electronics manufacturing facilities, led by prominent players such as TSMC, Samsung, and Sony, serves as a key driver of market growth. Among the leading adopters of microgrid technology in Asia Pacific are China, Australia, India, Singapore, and other Southeast Asian nations.

Forecasts suggest that the Asia Pacific microgrid controller market will witness the swiftest growth during the projection period. Market analysis encompasses Australia, China, Japan, and the remaining Asia Pacific countries. In July 2020, Canopy Power forged a strategic partnership with EDF to collaboratively develop renewable energy microgrids in Asia. Growth in this region is propelled by extensive rural electrification initiatives seen in economies like India, Malaysia, and the Philippines. Additionally, the deficiency in electricity infrastructure in emerging markets, along with the geographical layout of island nations such as Indonesia and the Philippines, has spurred an increasing demand for cost-effective microgrid solutions. These factors are poised to significantly enhance the growth of the microgrid controller market in the Asia Pacific region throughout the forecast period.

Microgrid Controller Market by Region

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Key Market Players

The major players in the microgrid controller companies with a significant global presence includes 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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Scope of the Report

Report Metric	Scope
Market size available for years	2020–2029
Base year considered	2023
Forecast period	2024–2029
Forecast units	Value (USD Million/Billion), Volume (Million Units)
Segments Covered	By Connectivity, Offering, End User, and Region
Geographies covered	Americas, Europe, Asia Pacific, and RoW
Companies covered	The major players in the microgrid controller market 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).

Microgrid Controller Market Highlights

The study segments the microgrid controller market based on connectivity, offering, end user, and region

Segment	Subsegment
By Connectivity	Grid-connected Off-grid
By Offering	Hardware Software & Services
By End USer	Commercial & Industrial Remote Areas Military Government Utilities Institutes & Campuses Healthcare
By Region	Americas Europe Asia Pacific (APAC) Rest of the World

Recent Developments

In May 2023, Schneider Electric has launched EcoStruxure Microgrid Flex represents a pioneering, standardized microgrid solution aimed at substantially shortening project timelines, thereby enhancing the system's return on investment.
In April 2023, Schneider Electric, a leader in energy management and automation, partnered with GreenYellow, specializing in decentralized solar power and energy efficiency solutions, to introduce a new Energy-as-a-Service (EaaS) microgrid solution. Targeting small and medium-sized businesses in commercial and industrial sectors, including retail stores, logistics centers, commercial buildings, manufacturing plants, breweries, and dairies, the solution empowers businesses across Europe to manage energy costs, enhance energy security, and advance sustainability goals.
In March 2023, ABB formed a strategic alliance with Direct Energy Partners (DEP), a pioneering startup leveraging digital technology to expedite the adoption of DC microgrids. This partnership entails a minority investment in Direct Energy Partners through ABB's venture capital arm, ABB Technology Ventures (ATV). Specific financial terms of the investment remain undisclosed.
In March 2023, Siemens Smart Infrastructure, in collaboration with Fluence, a key player in energy storage formed by Siemens and AES in 2018, completed a sustainable energy project on Terceira island, Azores, for EDA – Electricidade dos Açores. The project merges predictive energy software with a robust battery-based storage system, enhancing the integration of renewables like wind and solar energy into the grid. This blend is anticipated to slash CO2 emissions by over 3,600 tons annually. The Spectrum Power Microgrid Management System (MGMS) software implemented for EDA is part of the Siemens Xcelerator portfolio, aiding global power utilities in their digital transformation.
In March 2022, GE Renewable Energy’s Grid Solutions (NYSE-GE) launched the world’s first 420 kV, 63 kA g³ gas-insulated substation (GIS) circuit-breaker prototype. It will be available commercially by 2023. g3 switching and insulation gas, which replaced SF6, a potent greenhouse gas, reduces global warming potential (GWP) by more than 99%. GE’s Grid Solutions are at the forefront of creating a cleaner grid. In its prototype circuit-breaker for gas-insulated substations (GIS), g3 shows that it can use its technology not only at the highest voltage level in Europe but also at other voltage levels elsewhere in the world.
In March 2022, Opus One Solutions from GE Digital and Bracebridge Generation Ltd. have collaborated to influence the evolution of power delivery through Project SPEEDIER (Smart, Proactive, Enabled Energy Distribution - Intelligently, Efficiently, and Responsive). This initiative introduces an islandable microgrid solution, comprising a network of distributed energy resources (DERs) such as solar generation, grid and residential-scale battery energy storage, electric vehicle charging, and hot water tank controls. The microgrid was established by implementing new smart switches and reclosers on a segment of Lakeland Power Distribution's electric grid.
In March 2022, Schweitzer Engineering Laboratories, Inc. has recently launched two new field-upgradable cards for its SEL-751 Feeder Protection Relay, along with several enhancements that will expand its application range. The new Slot Z cards are designed to support low-energy analog current and voltage inputs, while the Slot E card option includes a Vsync/Vhat input along with seven digital inputs. Furthermore, SEL has improved three existing functions in the SEL-751, making it an even more versatile and reliable protection relay for industrial applications.
In March 2022, Honeywell International Inc. and Duke Energy's Sustainable Solutions division have partnered to provide microgrid solutions to cities and communities across the US, enhancing energy resilience during grid-level outages. Through this collaboration, Duke Energy's Sustainable Solutions offers distributed energy resources (DER) alongside Honeywell's battery energy storage systems (BESS) and smart cities software, facilitating the development of municipal microgrids and city-owned assets.

Frequently Asked Questions (FAQs):

What is the current size of the global microgrid controller market?

The current size of microgrid controller is USD 5.4 billion (2023) and is expected to reach USD 18.7 billion by 2029 with a CAGR of 22.6 % in the forecast period from 2024 to 2029

Who are the winners in the global microgrid controller market?

Companies such as Schneider Electric (France), General Electric (US), ABB (Switzerland), Siemens (Germany), and Eaton (Ireland) are the winners in the global microgrid controller market.

Which region is expected to hold the highest market share?

Americas regions are expected to hold the largest market share for the microgrid controller market in the forecast period.

What are the major drivers and opportunities related to the microgrid controller market??

Emphasis on decarbonization among end users and governments is the major driver and Increasing adoption of microgrids across healthcare, military, and government sectors is the major opportunity of microgrid controller market.

What are the major strategies adopted by market players?

The key players have adopted product launches, acquisitions, partnership, joint venture and collaborations to strengthen their position in the microgrid controller market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

1.3 STUDY SCOPE

1.3.1 MARKETS COVERED

FIGURE 1 MICROGRID CONTROLLER MARKET SEGMENTATION

1.3.2 REGIONAL SCOPE

FIGURE 2 MICROGRID CONTROLLER MARKET: REGIONAL SCOPE

1.3.3 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.5 LIMITATIONS

1.6 STAKEHOLDERS

1.7 SUMMARY OF CHANGES

1.7.1 RECESSION IMPACT ON MICROGRID CONTROLLER MARKET

2 RESEARCH METHODOLOGY (Page No. - 34)

2.1 RESEARCH DATA

FIGURE 3 MICROGRID CONTROLLER MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 Key data from secondary sources

2.1.1.2 Key secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key data from primary sources

2.1.2.2 Key participants in primary processes supply chain across microgrid controller market

2.1.2.3 Breakdown of primary interviews

2.1.2.4 Key industry insights

2.1.3 SECONDARY AND PRIMARY RESEARCH

2.2 MARKET SIZE ESTIMATION

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) – REVENUE GENERATED BY KEY PLAYERS

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE) – REVENUE ESTIMATION OF KEY PLAYER

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION BASED ON REGION

2.2.1 BOTTOM-UP APPROACH

2.2.1.1 Approach to derive market size using bottom-up analysis

FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

2.2.2.1 Approach to derive market size using top-down analysis

FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH

2.3 MARKET SHARE ESTIMATION

2.4 DATA TRIANGULATION

FIGURE 9 DATA TRIANGULATION

2.5 RISK ASSESSMENT

TABLE 1 RISK FACTOR ANALYSIS

2.6 RECESSION IMPACT

2.7 RESEARCH ASSUMPTIONS AND LIMITATIONS

2.7.1 ASSUMPTIONS

2.7.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 47)

3.1 IMPACT OF RECESSION

FIGURE 10 MICROGRID CONTROLLER MARKET: IMPACT OF RECESSION

FIGURE 11 GRID-CONNECTED SEGMENT TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD (USD MILLION)

FIGURE 12 AMERICAS TO DOMINATE MICROGRID CONTROLLER SOFTWARE & SERVICES MARKET FROM 2024 TO 2029

FIGURE 13 NORTH AMERICA: LARGEST MARKET IN AMERICAS DURING FORECAST PERIOD

FIGURE 14 ASIA PACIFIC MICROGRID CONTROLLER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 51)

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICROGRID CONTROLLER MARKET

FIGURE 15 RISING DEMAND FOR DEPENDABLE AND CONTINUOUS POWER SUPPLY TO FUEL MARKET GROWTH

4.2 MICROGRID CONTROLLER MARKET, BY OFFERING

FIGURE 16 SOFTWARE & SERVICES TO HOLD LARGEST MARKET SHARE BETWEEN 2024 AND 2029

4.3 MICROGRID CONTROLLER MARKET, BY END USER

FIGURE 17 COMMERCIAL & INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD

4.4 MICROGRID CONTROLLER MARKET, BY COUNTRY

FIGURE 18 INDIAN MICROGRID CONTROLLER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)

5.1 INTRODUCTION

TABLE 36 REMOTE AREAS: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

8.4 MILITARY

8.4.1 EXTENSIVE ADOPTION OF MICROGRIDS FOR ENHANCED ENERGY SECURITY AND RESILIENCE

TABLE 37 MILITARY: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 38 MILITARY: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

8.5 GOVERNMENT

8.5.1 RISING DEMAND FOR CLEAN ENERGY FROM GOVERNMENT SECTOR

TABLE 39 GOVERNMENT: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 40 GOVERNMENT: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

8.6 UTILITIES

8.6.1 UTILITY INVESTMENTS AND PARTNERSHIPS DRIVE MICROGRID ADVANCEMENTS

TABLE 41 UTILITIES: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 42 UTILITIES: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

8.7 INSTITUTES & CAMPUSES

8.7.1 NEED FOR ADVANCED SOLUTIONS FOR RELIABLE POWER AND SUSTAINABILITY TO FUEL SEGMENT

TABLE 43 INSTITUTES & CAMPUSES: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 44 INSTITUTES & CAMPUSES: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

8.8 HEALTHCARE

8.8.1 ENHANCED RESILIENCE AMIDST GRID INSTABILITY – KEY REASON FOR ADOPTION

TABLE 45 HEALTHCARE: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 46 HEALTHCARE: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

9 MICROGRID CONTROLLER MARKET, BY REGION (Page No. - 110)

9.1 INTRODUCTION

FIGURE 42 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF MICROGRID CONTROLLER MARKET THROUGH 2029

TABLE 47 MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 48 MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

TABLE 49 MICROGRID INSTALLED CAPACITY, BY REGION, 2020–2023 (MW)

TABLE 50 MICROGRID INSTALLED CAPACITY, BY REGION, 2024–2029 (MW)

9.2 AMERICAS

FIGURE 43 AMERICAS: MICROGRID CONTROLLER MARKET SNAPSHOT

TABLE 51 AMERICAS: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 52 AMERICAS: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

TABLE 53 AMERICAS: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2020–2023 (USD MILLION)

TABLE 54 AMERICAS: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2024–2029 (USD MILLION)

TABLE 55 AMERICAS: MICROGRID CONTROLLER MARKET, BY OFFERING, 2020–2023 (USD MILLION)

TABLE 56 AMERICAS: MICROGRID CONTROLLER MARKET, BY OFFERING, 2024–2029 (USD MILLION)

TABLE 57 AMERICAS: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 58 AMERICAS: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.2.1 AMERICAS: RECESSION IMPACT

9.2.2 NORTH AMERICA

TABLE 59 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 60 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 61 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2020–2023 (USD MILLION)

TABLE 62 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2024–2029 (USD MILLION)

TABLE 63 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 64 NORTH AMERICA: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.2.2.1 US

9.2.2.1.1 Emergence of key players and increasing utilization of renewable energy sources to boost market

9.2.2.2 Canada

9.2.2.2.1 Advancements in microgrid controller technology and sustainable energy initiatives to drive market

9.2.2.3 Mexico

9.2.2.3.1 Critical facilities being empowered with microgrid technology

9.2.3 SOUTH AMERICA

TABLE 65 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 66 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 67 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2020–2023 (USD MILLION)

TABLE 68 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2024–2029 (USD MILLION)

TABLE 69 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 70 SOUTH AMERICA: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.3 EUROPE

FIGURE 44 EUROPE: MICROGRID CONTROLLER MARKET SNAPSHOT

TABLE 71 EUROPE: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 72 EUROPE: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 73 EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2020–2023 (USD MILLION)

TABLE 74 EUROPE: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2024–2029 (USD MILLION)

TABLE 75 EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2020–2023 (USD MILLION)

TABLE 76 EUROPE: MICROGRID CONTROLLER MARKET, BY OFFERING, 2024–2029 (USD MILLION)

TABLE 77 EUROPE: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 78 EUROPE: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.3.1 EUROPE: RECESSION IMPACT

9.3.2 GERMANY

9.3.2.1 Leading role in microgrid adoption and government-driven clean energy initiatives

TABLE 79 GERMANY: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 80 GERMANY: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.3.3 FRANCE

9.3.3.1 Rising government investments to drive microgrid adoption

TABLE 81 FRANCE: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 82 FRANCE: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.3.4 UK

9.3.4.1 Use of microgrids to mitigate waste heat from conventional energy systems

TABLE 83 UK: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 84 UK: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.3.5 REST OF EUROPE

TABLE 85 REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 86 REST OF EUROPE: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.4 ASIA PACIFIC

FIGURE 45 ASIA PACIFIC: MICROGRID CONTROLLER MARKET SNAPSHOT

TABLE 87 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 88 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 89 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2020–2023 (USD MILLION)

TABLE 90 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2024–2029 (USD MILLION)

TABLE 91 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2020–2023 (USD MILLION)

TABLE 92 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY OFFERING, 2024–2029 (USD MILLION)

TABLE 93 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 94 ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.4.1 ASIA PACIFIC: RECESSION IMPACT

9.4.2 CHINA

9.4.2.1 Rising government efforts to encourage adoption of clean energy

TABLE 95 CHINA: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 96 CHINA: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.4.3 JAPAN

9.4.3.1 Increasing demand for reliable electricity supply to drive market

TABLE 97 JAPAN: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 98 JAPAN: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.4.4 AUSTRALIA

9.4.4.1 Increasing adoption of microgrids driven by high cost of conventional grid electricity

TABLE 99 AUSTRALIA: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 100 AUSTRALIA: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.4.5 INDIA

9.4.5.1 Increasing microgrid adoption driven by various government initiatives

TABLE 101 INDIA: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 102 INDIA: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.4.6 REST OF ASIA PACIFIC

TABLE 103 REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 104 REST OF ASIA PACIFIC: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.5 ROW

FIGURE 46 AFRICA PROJECTED TO HOLD LARGER SHARE OF ROW MICROGRID CONTROLLER MARKET

TABLE 105 ROW: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 106 ROW: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

TABLE 107 ROW: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2020–2023 (USD MILLION)

TABLE 108 ROW: MICROGRID CONTROLLER MARKET, BY CONNECTIVITY, 2024–2029 (USD MILLION)

TABLE 109 ROW: MICROGRID CONTROLLER MARKET, BY OFFERING, 2020–2023 (USD MILLION)

TABLE 110 ROW: MICROGRID CONTROLLER MARKET, BY OFFERING, 2024–2029 (USD MILLION)

TABLE 111 ROW: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 112 ROW: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.5.1 ROW: RECESSION IMPACT

9.5.2 MIDDLE EAST

9.5.2.1 Expansion of healthcare industry and increasing need for dependable electricity supply to boost market

TABLE 113 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 114 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY REGION, 2024–2029 (USD MILLION)

TABLE 115 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 116 MIDDLE EAST: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

9.5.2.2 GCC Countries

9.5.2.2.1 Need for advanced energy efficiency to boost market

9.5.2.3 Rest of Middle East

9.5.3 AFRICA

9.5.3.1 Need to modernize electricity infrastructure to fuel market

TABLE 117 AFRICA: MICROGRID CONTROLLER MARKET, BY END USER, 2020–2023 (USD MILLION)

TABLE 118 AFRICA: MICROGRID CONTROLLER MARKET, BY END USER, 2024–2029 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 153)

10.1 OVERVIEW

10.2 KEY PLAYER STRATEGIES

TABLE 119 MICROGRID CONTROLLER MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY LEADING PLAYERS

10.3 REVENUE ANALYSIS, 2019–2023

FIGURE 47 MICROGRID CONTROLLER MARKET: REVENUE ANALYSIS OF FIVE KEY COMPANIES, 2019–2023

10.4 MARKET SHARE ANALYSIS, 2023

TABLE 120 MICROGRID CONTROLLER MARKET: DEGREE OF COMPETITION

FIGURE 48 MICROGRID CONTROLLER MARKET SHARE ANALYSIS, 2023

10.5 COMPANY VALUATION AND FINANCIAL METRICS

10.5.1 COMPANY VALUATION

FIGURE 49 MICROGRID CONTROLLER MARKET: COMPANY VALUATION, 2023

10.5.2 FINANCIAL METRICS

FIGURE 50 MICROGRID CONTROLLER MARKET: FINANCIAL METRICS, 2023

10.6 BRAND/PRODUCT COMPARISON

10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023

FIGURE 51 MICROGRID CONTROLLER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023

10.7.1 STARS

10.7.2 PERVASIVE PLAYERS

10.7.3 EMERGING LEADERS

10.7.4 PARTICIPANTS

10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023

10.7.5.1 Company footprint

FIGURE 52 MICROGRID CONTROLLER MARKET: COMPANY FOOTPRINT

10.7.5.2 Region footprint

TABLE 121 MICROGRID CONTROLLER MARKET: REGIONAL FOOTPRINT

10.7.5.3 Offering footprint

TABLE 122 MICROGRID CONTROLLER MARKET: OFFERING FOOTPRINT

10.7.5.4 Connectivity footprint

TABLE 123 MICROGRID CONTROLLER MARKET: CONNECTIVITY FOOTPRINT

10.7.5.5 End user footprint

TABLE 124 MICROGRID CONTROLLER MARKET: END USER FOOTPRINT

10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023

FIGURE 53 MICROGRID CONTROLLER MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023

10.8.1 PROGRESSIVE COMPANIES

10.8.2 RESPONSIVE COMPANIES

10.8.3 DYNAMIC COMPANIES

10.8.4 STARTING BLOCKS

10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023

10.8.5.1 Key startups/SMEs

TABLE 125 MICROGRID CONTROLLER MARKET: KEY STARTUPS/SMES

10.8.5.2 Competitive benchmarking of key startups/SMEs

TABLE 126 MICROGRID CONTROLLER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES

10.9 COMPETITIVE SCENARIOS AND TRENDS

10.9.1 PRODUCT LAUNCHES

TABLE 127 MICROGRID CONTROLLER MARKET: PRODUCT LAUNCHES, SEPTEMBER 2022–FEBRUARY 2024

10.9.2 DEALS

TABLE 128 MICROGRID CONTROLLER MARKET: DEALS, SEPTEMBER 2022–FEBRUARY 2024

11 COMPANY PROFILES (Page No. - 172)

(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

11.1 INTRODUCTION

11.2 KEY PLAYERS

11.2.1 SCHNEIDER ELECTRIC

TABLE 129 SCHNEIDER ELECTRIC: COMPANY OVERVIEW

FIGURE 54 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT

TABLE 130 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 131 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES

TABLE 132 SCHNEIDER ELECTRIC: DEALS

11.2.2 GENERAL ELECTRIC

TABLE 133 GENERAL ELECTRIC: COMPANY OVERVIEW

FIGURE 55 GENERAL ELECTRIC: COMPANY SNAPSHOT

TABLE 134 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 135 GENERAL ELECTRIC: PRODUCT LAUNCHES

TABLE 136 GENERAL ELECTRIC: DEALS

11.2.3 ABB

TABLE 137 ABB: COMPANY OVERVIEW

FIGURE 56 ABB: COMPANY SNAPSHOT

TABLE 138 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 139 ABB: PRODUCT LAUNCHES

TABLE 140 ABB: DEALS

11.2.4 SIEMENS

TABLE 141 SIEMENS: COMPANY OVERVIEW

FIGURE 57 SIEMENS: COMPANY SNAPSHOT

TABLE 142 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 143 SIEMENS: DEALS

11.2.5 EATON

TABLE 144 EATON: COMPANY OVERVIEW

FIGURE 58 EATON: COMPANY SNAPSHOT

TABLE 145 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 146 EATON: DEALS

11.2.6 SCHWEITZER ENGINEERING LABORATORIES, INC.

TABLE 147 SCHWEITZER ENGINEERING LABORATORIES, INC.: COMPANY OVERVIEW

TABLE 148 SCHWEITZER ENGINEERING LABORATORIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 149 SCHWEITZER ENGINEERING LABORATORIES, INC.: PRODUCT LAUNCHES

11.2.7 HONEYWELL INTERNATIONAL INC.

TABLE 150 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW

FIGURE 59 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT

TABLE 151 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 152 HONEYWELL INTERNATIONAL INC.: DEALS

11.2.8 CATERPILLAR

TABLE 153 CATERPILLAR: COMPANY OVERVIEW

FIGURE 60 CATERPILLAR: COMPANY SNAPSHOT

TABLE 154 CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 155 CATERPILLAR: DEALS

11.2.9 S&C ELECTRIC COMPANY

TABLE 156 S&C ELECTRIC COMPANY: COMPANY OVERVIEW

TABLE 157 S&C ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.2.10 POWER ANALYTICS CORPORATION

TABLE 158 POWER ANALYTICS CORPORATION: COMPANY OVERVIEW

TABLE 159 POWER ANALYTICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED

11.3 OTHER PLAYERS

11.3.1 CUMMINS INC.

11.3.2 TESLA ENERGY (SUBSIDIARY OF TESLA)

11.3.3 EMERSON ELECTRIC CO.

11.3.4 HOMER ENERGY (UL LLC.)

11.3.5 HITACHI ENERGY LTD.

11.3.6 PARETO ENERGY

11.3.7 ENCORP

11.3.8 POWERHIVE

11.3.9 ENCHANTED ROCK

11.3.10 AUTOGRID SYSTEMS, INC

11.3.11 HEILA TECHNOLOGIES (KOHLER CO.)

11.3.12 AMERESCO, INC

11.3.13 POWERSECURE, INC. (SUBSIDIARY OF SOUTHERN COMPANY)

11.3.14 CANOPY POWER

11.3.15 SCALE MICROGRID SOLUTIONS LLC

11.3.16 SPIRAE, LLC

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 219)

12.1 INSIGHTS FROM INDUSTRY EXPERTS

12.2 DISCUSSION GUIDE

12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

12.4 CUSTOMIZATION OPTIONS

12.5 RELATED REPORTS

12.6 AUTHOR DETAILS

FAQs

Microgrid Controller Market Size, Share, Industry Report, Revenue Trends and Growth Drivers? ›

[225 Pages Report] 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. The microgrid controller serves as a crucial element in microgrid infrastructure, often compared to its central brain.

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What is the trend in the microgrid industry? ›

Microgrid Market Analysis

The Microgrid Market size is estimated at USD 15.92 billion in 2024, and is expected to reach USD 38.12 billion by 2029, growing at a CAGR of 19.08% during the forecast period (2024-2029). In 2020, the market was negatively impacted due to the COVID-19 pandemic.

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What is the outlook for the microgrid Market? ›

Microgrid Market Overview

Microgrid Market Size was valued at USD 20.32 Billion in 2021. The Microgrid industry is projected to grow from USD 24.76 Billion in 2022 to USD 60.25 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.24% during the forecast period (2024 - 2030).

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What is a microgrid controller? ›

With a growing list of features, Microgrid Controller has the functionality to: Curtail excess solar generation when the loads or battery system are unable to absorb power. Start and stop generators as needed when the battery system reaches a low state of energy or additional power is required to meet loads.

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How big is a microgrid? ›

Microgrids commonly range in size from 100 kilowatts (kW) to multiple megawatts (MW).

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What are the revenue streams of microgrid? ›

The microgrid revenue streams can be grouped into the following categories: (i) ISO/RTO services (or bulk power markets where ISO/RTOs do not exist), (ii) contracting/retail, (iii) distribution utility services/contracts, and (iv) federal/state/local incentives or mandates.

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What are the segments of microgrid market? ›

The global microgrid market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the global microgrid market in 2020. This can be primarily ascribed to low electrification rate and grid connectivity, along with high demand for power in the region.

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What are the marketing models of microgrid? ›

Three microgrid models have emerged: 1) third-party microgrid 2) unbundled microgrid 3) integrated utility microgrid. A microgrid's ability to reduce demand on the grid is just one of the drivers spurring their adoption.

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What is the future of microgrids? ›

Incorporating microgrids into buildings and homes is the next natural progression for solar adoption. The future of energy is more localized, more sustainable and more flexible, providing an opportunity to create impactful change and withstand extreme circ*mstances.

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What are the main issues of microgrid? ›

Research | Problem | Solution

Some of these challenges include: Load management: Microgrids must be able to manage the load on the system and ensure that energy demand is balanced with supply. This requires sophisticated energy management systems that can predict and manage load fluctuations.

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How much does a controller cost for microgrid? ›

In 2019, NREL found that microgrid controllers have a mean cost of $155,000/megawatt, potentially putting resilient microgrids out of reach for vulnerable areas.

How do microgrid controllers work? ›

Advanced microgrid controllers act as forecasters, using weather and utility data then analyzing what resources are available in the system to manage the energy requirements, delivering lowest-cost energy and reducing carbon emissions.

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How much does a microgrid control system cost? ›

Controller costs range from $6,200 to $470,000 per megawatt (MW). Infrastructure (distribution system, information technology communications upgrades, metering) can range from 1 to 38 percent of total microgrid costs.

What are the three types of microgrids? ›

There are three main types of microgrids: remote, grid-connected and networked.

What is world's largest microgrid? ›

As a cornerstone of SaudiVision2030, the Red Sea project now stands as the world's largest microgrid energystorage project, with a storage capacity of 1.3GWh. Utilizing Huawei's Smart String ESS solution, this groundbreaking project is redefining renewable energy infrastructure.

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What are the two types of microgrids? ›

They are seen as a practical, cost-effective way to integrate local renewable energy resources as well as provide redundancy and resilience. There are two categories of microgrids – off-grid and grid-connected – and each encompasses many different setups.

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What is the future scope of micro grid? ›

In summary, microgrids offer a promising pathway toward a more sustainable energy future. They not only reduce greenhouse gas emissions but also facilitate the integration of renewable energy sources, thereby contributing to a cleaner, more sustainable energy landscape.

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Why microgrids are the future of energy management? ›

Microgrids are designed to provide uninterrupted, 24/7 power and to balance load demands for an organization with changing power needs. Because microgrids aren't dependent on the traditional grid, their stability in bad weather is important for mission-critical structures such as hospitals and military bases.

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What are the emerging microgrid business models? ›

Three microgrid models have emerged: 1) third-party microgrid 2) unbundled microgrid 3) integrated utility microgrid. A microgrid's ability to reduce demand on the grid is just one of the drivers spurring their adoption.

Read On ›