Semiconductor

  The global microgrid controller market is growing continuously over the past few years. Factors such as increasing deployments of microgrids worldwide and rising numbers of more modular microgrid projects boost the microgrid controller market size. Moreover, substantial investments in renewable energy escalate the   Microgrid Controller Market   growth. With potentially aggressive government policies for promoting renewable energy generation techniques, the market is estimated to witness significant traction in future years. According to Market Research Future (MRFR), the global microgrid controller market is expected to grow exponentially by 2027, registering an impressive CAGR during the forecast period (2020 – 2027). Segmental Analysis The global microgrid controller market has been analyzed based on offering, connectivity, vertical, and region. The market was segmented into grid and off-grid / islanded, the two modes in which a microcontroller functions, based on th...

  Market Research Future published a research report on Microgrid Controller Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Market Overview Market Research Future (MRFR) asserts that the global microgrid controller market 2020 is thriving and slated to grow considerably over the review period, recording substantial revenue generation from USD 5.35 billion in 2017 up to USD 10.73 billion by 2023, at a moderate CAGR of 12.54%, over the review period.  Drivers and Restraints Rising demand for microgrids, fluctuating preferences towards the deployment of renewable energy sources and decreasing carbon footprint, and growing government investments in microgrid projects are key drivers that have a positive impact on the market for microgrid controllers. Imminent Asia-Pacific smart city projects and the replacement of mature grid infrastructure in Europe are a few prospects for the growth of the microgrid con...