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Global $3.6 Billion Microgrid Control System Market to 2023 - Key Drivers, Challenges and Trends


Global $3.6 Billion Microgrid Control System Market to 2023 - Key Drivers, Challenges and Trends
iCrowd Newswire
According to the new market research report
Microgrid Control System Market by Grid- Type (On-Grid and Off-grid), Component (Hardware and Software), Ownership (Private and Public), End-User (Utilities, Campuses and institutions, Commercial, and Industrial), and Region - Global Forecast to 2023″ 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. ....

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Electric Fuse Market Worth $4.6 Billion by 2026 - Exclusive Report by MarketsandMarkets™


by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse,), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), region - Global Forecast to 2026 , published by MarketsandMarkets™, the Electric Fuse Market is projected to reach USD 4.6 billion by 2026 from an estimated USD 3.5 billion in 2021, at a CAGR of 5.8%. This growth can be attributed to the growing investments in the renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in the construction sector.
The medium voltage segment is expected to hold the largest share of the Electric Fuse Market, by voltage, during the forecast period. ....

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