No single provider dominates the microgrid controls market, leaving room for healthy competition, report finds
A new Leaderboard Report from Navigant Research examines the strategy and execution of 15 leading project developers/integrators of microgrid controls platforms, including vendor profiles and rankings, providing an objective assessment of these companies’ relative strengths and weaknesses in the market.
As utilities become more curious about the technology’s applications and potential business models, the list of companies entering the microgrid controls space continues to grow. Currently, the most successful companies in this market boast robust project portfolios, have highly functional microgrid controllers, and have developed sustainable and innovative ways to monetize their solutions. Click to tweet: According to a new Leaderboard Report from Navigant Research, Schneider Electric, Optimal Power Solutions, and Princeton Power Systems lead the microgrid controls market in terms of strategy and execution.
“Companies both large and small are finding opportunities in the broad microgrid space, but the key determination in the controls developers/integrators market is the approach to optimizing a microgrid,” says Peter Asmus, principal research analyst with Navigant Research. “While competition is still wide open, the 15 companies included in this report all have a stake in how the market responds to technologies that allow disparate distributed energy resources to work together as a system, whether the microgrid is connected to a utility grid or is functioning in island mode.”
Of the 15 companies profiled in this Leaderboard Report, three emerged as market Leaders and the other 12 followed closely as Contenders, demonstrating that no single company dominates the microgrid market. Competition among vendors is close, according to the report, as all 15 vendors profiled fell within 20 points of one another.
The report, Navigant Research Leaderboard Report: Microgrid Controls, examines the strategy and execution of 15 project developers/ integrators with microgrid controls platforms and rates them on 12 criteria. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled and ranked with the goal of providing industry participants an objective assessment of these companies’ relative strengths and weaknesses in the global microgrid controls market. All of the companies rated are positioned to emerge as market leaders, as no single company dominates this market. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Ellie Stutts
* The information contained in this press release concerning the report, Navigant Research Leaderboard Report: Microgrid Controls, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.