Key Highlights

• An energy management system (EMS) in microgrids is a control and optimization system designed to intelligently coordinate the generation, storage, and distribution of energy in the region and most decentralized power. It works as the brain of the microgrid and constantly monitors and analyzes real-time data from different energy sources, including renewable energy systems, storage systems storage and electronic equipment. EMS uses advanced algorithms to balance energy supply and demand, optimizing and stabilizing schedules. It contributes to the integration of renewable energy by predicting its production and coordinating its contribution to microgrids. Additionally, EMS supports demand response strategies to use resources efficiently and improve the performance of the microgrid in the face of widespread network outages or outages. Overall, energy management plays an important role in improving the reliability, stability, and efficiency of microgrid operations.

• The market size of the worldwide Energy Management System in Microgrid Industry surpassed USD XX Billion in 2023, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• In April 2021, HIP, Pepco and Emera Technologies received a financial award to provide electricity to a residential community in Fairmont Heights, Maryland, USA. The project received a grant of approximately $200,000 and is expected to be completed in early 2022. It's part of the Maryland Resilience Initiative, the state's main program that aims to create a solar-plus-maintenance network for middle-income families.

• The urgent need for efficient and sustainable power supply increases the need for energy management systems (EMS) in microgrids. As the world moves to renewable and renewable energy sources, microgrids are becoming increasingly important and require robust energy management systems. Integrating various energy sources such as solar and wind requires management to optimize the different benefits of these resources. In addition, increasing awareness of climate change and the need for more efficient energy sources are driving the adoption of EMS in microgrids. These systems provide instant monitoring, forecasting and intelligent control to ensure efficient distribution of electricity, reduce waste and ensure grid reliability. In addition, the desire for energy independence, cost savings and the ability to combine new technologies with sustainable and smart energy solutions to meet the needs of EMS, as microgrids provide local solutions for urban and remote areas.

Scope of the Industry Profile

Key Players

• ABB Power Grid (Switzerland)

• Ageto (Belgium)

• Bachmann Electronic (Germany)

• Al-Bahar/Caterpillar (UAE)

• DHybrid Power System (Denmark)

• Elgris (US)

• Elum Energy (France)

• Energytion Power Systems (US)

• Engie EPS (France)

• GreenCom Networks (Germany)

Segmentation

By Connectivity

• Physical Connectivity

• Virtual Connectivity

By Area

• Supervisory Control (Centralized, Decentralized, Distributed), 

• Intelligent Technique (Genetic Algorithm, Fuzzy Logic Control, Neural network)

• Particle Swarm Optimization(Adaptive PID Controller, Adaptive Sliding Mode Controller, Reinforced Learning, MPC)

• Adaptive Technique

By Power Rating

• Less than 1 MW

• 1 to 5 MW

• 5 to 10 MW

• More than 10 MW

By Power Source

• Natural Gas

• Solar PV

• Combined Heat & Power

• Fuel Cell

• Diesel Generators

• Other Sources

By Application

• Commercial & Industrial

• Remote Areas

• Government

• Utility

• Institutions

• Other Applications

What to Expect from Industry Profile

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Energy Management System in Microgrid market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Energy Management System in Microgrid market.

3. Leading company profiles reveal details of key Energy Management System in Microgrid market players’ global operations, strategies, financial performance & their recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Energy Management System in Microgrid market with forecast for decade by both market share (%) & revenue (USD Million).

Recent Development

• In November 2021, the Los Angeles Department of Transportation proposed a new microgrid project for electric vehicle use. The microgrid is equipped with solar + energy storage and is expected to be a charging station for the ship. The project is being developed by Proterra Energy and received a $6 million grant from the California Energy Commission. Electricity production should be approximately 7.5 MW.

• In June 2020, Sri Lanka Electricity Company Limited (LECO) entered into an agreement with Dimo and DHYBRID GmbH to build a microgrid at the University of Moratuwa, Sri Lanka's first grid-connected renewable energy station signed. The project, financed by the Asian Development Bank (ADB), will create a new trend in Sri Lanka's electricity distribution system.

Segment Insights

By Area

The complexity and diversity of energy supply increases the need for energy management (EMS) (especially management) in microgrids. As microgrids integrate renewable and conventional energy systems, the need for centralized smart monitoring should be significant. EMS with monitoring capabilities provides real-time monitoring, analysis, and decision-making to ensure the efficiency, effectiveness, and reliability of the microgrid. The rise of renewable energy sources such as solar panels and energy storage requires a robust energy system to balance supply and demand, manage energy storage, and respond to related issues. Moreover, the importance of a voluntary plan, a security goal and the integration of technologies such as the Internet of Things (IoT) contribute significantly to the need for EMS with monitoring capacity, as it plays an important role in the integration of different microgrids. Optimum power management and efficiency.

By Application

The urgent need to improve energy efficiency, reduce operating costs and achieve sustainability goals is driving demand for energy management systems (EMS) for microgrids in industry, commerce and business. In these energy-intensive industries, companies are increasingly realizing the value of microgrids equipped with advanced EMS. Being able to instantly monitor and improve energy efficiency increases the efficiency of energy costs, improves resource use and reduces waste. In addition, as a business priority in terms of sustainability and environmental responsibility, it is necessary to integrate renewable energy into EMS-driven microgrids and pursue goals 2. The flexibility and reliability offered by microgrids in the face of grid transmission or changes are also attractive to commercial and industrial facilities, ensuring continuity and protection prevents important processes. In general, the need for EMS in microgrids for commercial and industrial applications arises from the search for cost savings, stability, and energy efficiency in an efficient environment.

Regional Insights

Demand for electronic management systems (EMS) in North America is driven by many factors, including the region's commitment to sustainability, innovation and energy efficiency. As North America transitions to a clean energy future, EMS plays a critical role in improving energy efficiency and integrating renewable energy into the grid. Regulatory and government incentives to reduce carbon footprint further support the practice of environmental management in many sectors. The country's diverse energy landscape, which includes many renewable resources, requires management solutions to effectively balance supply and demand. Additionally, the increasing frequency of extreme weather events and the desire for a voluntary grid are encouraging investment in EMS to provide better grid management and response. North America's demand for EMS focuses on improving energy stability, reducing costs and increasing grid reliability and reflects the response to changing energy challenges.