Microgrid As a service Market Information Forecast - 2022


Posted February 3, 2017 by son1ane

Microgrid as a Service Market by Grid Type (Grid connected, Islanded), by Service Type (Software as a Service, Monitoring & Control Service
 
Market Scenario:
Microgrid as a Service (MaaS) is a cloud based service which enables third party to produce and manage the electricity. Microgrids efficiently creates a plan for managing the local energy generation and delivery avoiding adisruption in power. It majorly focuses on the distribution, generation, and energy storage from renewable sources thereby managing the demand for electricity. Also, it offers an affordable solution reaching at remote locations offering a platform to various industry verticals including residential, utilities, and commercials to produce and manage the own electricity. Recently, in March 2015, SolarCity Corporation launched Microgrid as a Service solution named Gridlogic which offers electricity to communities at an affordable rate with advance power backup for emergency services. The factors driving the growth of Microgrid as a Service is due to increasing demand for monitoring, control, and optimization of distributed energy. Also, demand from remote locations for microgrids which supports regular and controllable clean energy is expected to drive the growth of MaaS market.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:
• 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.).

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Study Objectives:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Microgrid as a service Market
• To provide insights about factors affecting the market growth
• To analyze the Microgrid as a service market based on various factors- supply chain analysis, porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country level analysis of the Market with respect to the current market size and future prospective
• To provide country level analysis of the Market for segment by Grid type, Service Type, Industry and sub-segments.
• To provide strategic profiling of key players in the Market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as Joint Ventures, Strategic Alliances, Mergers and acquisitions, new product developments, and research and developments in the Global Microgrid as a service Market.

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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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.

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.

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Categories Electronics , Engineering , Technology
Tags microgrid as a service industry , microgrid as a service industry forecast , microgrid as a service market , microgrid as a service market forecast , microgrid as a service market growth , microgrid as a service market trends
Last Updated February 3, 2017