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.
The microgrid controller industry size 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. Various companies are investing in microgrid controller which gives an opportunity for growth in the microgrid controller industry. 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 industry. Similarly, the Asia Pacific, RoW and Europe regions are expected to be the growing market for the forecasted period.