Global Microgrid as a Service Market has been valued at USD 772 million in the year 2015 which is expect to grow at USD 2.2 billion by 2022 with CAGR of approximately 16% | MaaS Market

Pune, India -- (SBWire) -- 10/15/2018 --Market Scenario:

The Microgrids as a Service Market is registering healthy growth due to various benefits offered by Microgrids such highly reliability, economical & efficient energy power , enhancement of renewable energy sources and smart grid integration among others. The autonomous working nature of Microgrid provides great benefits to communities that have no access to electricity.

Microgrid as a solution combines solar panels, batteries and controllable load in order to meet the requirements of industrial, residential or consumer loads anywhere in the world. The Solution also provides dynamic monitoring, scalability, and control to improve energy output. Microgrid as a solution offers electricity at affordable rate and helps in reducing the economic losses from electricity outages in emergency situation.

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Hence, the market for Microgrid as a service (MaaS) is expected to grow at ~16% CAGR (2016-2022).

However, the technical difficulties, adaptability in integrating new energy resources due to the large grid infrastructure are the main restraining factors for Microgrid as a service market.

Key Players:

The prominent players in the market of micro grid as a service are- ABB Ltd. (Switzerland), General Electric (U.S.), Siemens AG (Germany), Eaton Corp. PLC (Ireland), Schneider Electric SE (France), Duke Energy Corporation (U.S.), Northern Power Systems Corp. (U.S.) Exelon Corp. (U.S.), NRG Energy, Inc. (U.S.), Spirae, Inc. (U.S.) among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global micro grid as a service market.

Segments:

Global Microgrid as a service Market has been segmented on the Basis of Grid type, Service type, and industry. Grid Type has been identified as Grid connected and remote/Islanded. Services Type are Software as a Service, Monitoring & Control Service, and Operation & Maintenance Service while Industry includes Manufacturing, Residential & Commercial, Military, and Utility.

Industry News:

June 18, ABB is preparing to set up a multipurpose micro grid in Australia.

ABB will supply the Energy Storage for Commercial Renewable Integration with a micro grid solution, this will improve power reliability and enhance the power grid. The power supply provided will be more secure in particular areas and with high renewable penetration in the micro grid.

January 18, The Carlyle Group is putting big money into micro grids.

The Carlyle Group, an American multinational equity, is spending hundreds of dollars to own and operate micro grids. They are taking this step to tackle the industrial financial challenges as other companies won't have to face this issue to build a micro grid. Dynamic Energy Network (DEN) is deploying Carlyle Group to create the micro grids, this would be a long-term contract.

February 16, Siemens launched a new cost-efficient micro grid software service.

Siemens launched a remote micro grid software service which is cost-efficient and designed for smaller power operators. These operators have experienced better power quality, sustainable power sources and improved grid resilience. This clears away the need to host an IT infrastructure on-site.

Regional Analysis:

Asia-Pacific is dominating the market of Microgrid as a service Market due to the increasing rural electrification programs by developing countries such as china, japan and India. The rising demand of renewal energy for electricity generation in is also supporting the Microgrid as a service market in this region. North America is showing major growth in Microgrid as a service Market are increased production rates, high quality power, and safe industrial operations. The United States Department of Energy is also encouraging the development and deployment of Microgrids. Europe is expected to register healthy growth in the Microgrid as a service Market due to the increasing requirement of improved electricity infrastructure and government initiates for renewal energy.

Intended Audience:

Microgrid system and service providers
Smart grid software developers
Solar photovoltaic companies
Government organizations
Education and research organizations
Utility Service provides

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TABLE OF CONTENTS:

1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure:

1.3.1 Global Microgrid As A Service Market: By Grid Type

1.3.2 Global Microgrid As A Service Market: By Service Type

1.3.2 Global Microgrid As A Service Market: By Industry

2 Research Methodologies

2.1 Research Type

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

2.4.1 Market Data Collection, Analysis & Forecast

2.4.2 Market Size Estimation

2.4.3 Market Crackdown & Data Triangulation

Continued…

List Of Tables:

Table 1 Global Microgrid As A Service Market, By Grid Type

Table 2 Global Microgrid As A Service Market, By Service Type

Table 3 Global Microgrid As A Service Market, By Industry

Table 4 Global Microgrid As A Service Market, By Regions

Table 5 North America Microgrid As A Service Market, By Grid Type

Continued…

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List Of Figures:

Figure 1 Research Type

Figure 2 Global Microgrid As A Service Market: By Grid Type (%)

Figure 3 Global Microgrid As A Service Market: By Service Type (%)

Figure 4 Global Microgrid As A Service Market: By Industry (%)

Figure 5 Global Microgrid As A Service Market: By Region

Continued…

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