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The global microgrid control system market is projected to reach USD 3.6 billion by 2023, at a CAGR of 13.01%, from an estimated USD 2.0 billion in 2018. Factors such as growing need for reliable & resilient power across the globe, growing investments in microgrid projects, and rising share of power generation through renewable sources of energy are likely to drive the microgrid control system market during the forecast period. Various market regulations and standards have been developed by governments of different countries or by individual committees belonging to the energy & power industry worldwide. For instance, IEEE Standard 2030.7-2017 is the IEEE-approved draft standard for the microgrid Energy Management System (MEMS). It is the specification of microgrid controllers to enable interoperability of the different controllers and components needed to operate MEMS through cohesive and platform-independent interfaces.

The global microgrid control system market is projected to reach USD 3.6 billion by 2023, at a CAGR of 13.01%, from an estimated USD 2.0 billion in 2018. Factors such as growing need for reliable & resilient power across the globe, growing investments in microgrid projects, and rising share of power generation through renewable sources of energy are likely to drive the microgrid control system market during the forecast period. Various market regulations and standards have been developed by governments of different countries or by individual committees belonging to the energy & power industry worldwide. For instance, IEEE Standard 2030.7-2017 is the IEEE-approved draft standard for the microgrid Energy Management System (MEMS). It is the specification of microgrid controllers to enable interoperability of the different controllers and components needed to operate MEMS through cohesive and platform-independent interfaces.

The global microgrid control system market is projected to reach USD 3.6 billion by 2023, at a CAGR of 13.01%, from an estimated USD 2.0 billion in 2018. Factors such as growing need for reliable & resilient power across the globe, growing investments in microgrid projects, and rising share of power generation through renewable sources of energy are likely to drive the microgrid control system market during the forecast period. Various market regulations and standards have been developed by governments of different countries or by individual committees belonging to the energy & power industry worldwide. For instance, IEEE Standard 2030.7-2017 is the IEEE-approved draft standard for the microgrid Energy Management System (MEMS). It is the specification of microgrid controllers to enable interoperability of the different controllers and components needed to operate MEMS through cohesive and platform-independent interfaces.

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market.

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market.

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market

, the Microgrid Control System Market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the Microgrid Control System Market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the Microgrid Control System Market.

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market.

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market.

The microgrid control system market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the microgrid control system market. Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the microgrid control system market.