
Microgrid Control System Market is Projected To Reach $7.5 Billion By 2030
CIOTechOutlook Team | Monday, 03 July 2023, 06:23 IST

This lessens reliance on conventional fossil fuel-based generating and helps to assure a more dependable and uninterrupted power supply.
A microgrid is an all-encompassing energy system that uses regional distributed energy resources (DERs) in a particular location. Local loads, generating equipment like solar or wind turbines, and energy storage tools like batteries or fuel cells can all be included in this list of resources. A microgrid's flexibility in operation, encompassing "islanded" (off-the-grid) and grid-connected modes, is one of its defining characteristics.
Throughout the forecast period, the hardware segment is anticipated to retain a sizable proportion of the worldwide microgrid control system market. This section includes a variety of elements necessary for the effective operation of microgrid control systems. These parts include of relays, metres, local controllers, digital input and output modules, analogue input and output modules, communication networks, local controllers, data loggers, and recorders.
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