Microgrid as a Service Market 2018 Global Key Players: ABB, General Electric, Siemens, Eaton Corp., Schneider Electric, Duke Energy Corp, Northern Power Systems, Exelon, NRG Energy, Spirae,

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 disruption 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.

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Global Microgrid as a Service Market has been valued at US $772 million in the year 2015 which is expect to grow at US $~2.2 billion by the end of forecasted period with CAGR of approx. ~16%.

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.

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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