Micro Grid As A Service 2022: Scope, Size, and Opportunities Growth Rate Analysis By Top Key Players - ABB, General Electric, Siemens AG, Eaton, Schneider Electric, Duke Energy

Microgrid as a Service Market by Grid Type (Grid connected, Islanded), by Service Type (Software as a Service, Monitoring & Control Service, Operation & Maintenance Service), Industry (Government, Residential & Commercial, Industrial, Military & Defense) - And Forecast 2016-2022

According to Market Research Future micro grid as a service Market The global micro grid as a service market is expected to reach USD ~380 billion by the end of 2022 with ~16 % CAGR during forecast period 2018-2022

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.

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Micro Grid as a Service Market Global Market – Overview:

Micro grid as a service (MaaS) is a compact version of the traditional power grid system that enables the third party to manage and produce electricity and provide power back-up. MaaS is a cloud based service that efficiently creates a design to manage the local energy generation and deliver power without any interruption. The major focus of this cloud based service is to generate, distribute and store energy from the various renewable sources, and by this they will manage the demand for electricity. MaaS can work independently or in a combination with any locality’s grid system. It offers affordable solutions to the remote locations and delivers energy at a reasonable price as it uses renewable energy.

Micro grid is a group of interconnected loads distributing renewable energy and power. The deployment of micro grid is spread from commercial buildings, to utility distribution systems, and to campus. The considerations for power connectivity in this case range from frequency management, improved power continuity, load shedding and short circuit capacity. Micro grid cuts energy costs, also it connects to the local resources that are small and unreliable for the traditional grid use, and this makes the communities environment friendly and more energy independent. A micro grid comes in different sizes and designs, it can power a single area or a large area.
The key driving factor for Micro grid as a Service market include the rising demand and need for monitoring control along with the development of distributed energy. The demand for micro grids from remote locations has increased as this supports regular and clean energy, this is a major factor driving the MaaS market. However, MaaS faces a few technical difficulties for the integration of new energy resources, this is because of the large grid infrastructure adaption.

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.
Micro grid as a Service Market Global Market - Segmentation
Segmentation by grid type: this is sub-segmented into grid connected, and remote / islanded.

Segmentation by service type: this is sub-segmented into Software as a Service, monitoring and control service, and operation and maintenance service.

Segmentation by industry: this is sub-segmented into manufacturing, residential and commercial, military, and utility.
Segmentation by region: North America, Europe, Asia Pacific and rest of the World.

Micro grid as a Service Market Global Market - Regional Analysis:

The regional analysis of Micro grid as a Service market is studied for North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is predicted to dominate the micro grid as a service market during the forecast period. Developing countries like China, India, and Japan have observed increasing electrification programs which fuels the growth of micro grid in Asia Pacific region. There has been a rising demand for renewable energy, and generation of electricity, driving the demand for micro grid for this particular region.
Major growth prospects have been recorded by North America in the micro grid as a service market due to the need of high quality power, safe industrial operations and an increase in the production rates. There has been an encouragement undertaken by the United States Department of Energy (USDE) to develop and deploy micro grids. A requirements of improved electricity infrastructure and need for renewable energy is seen in Europe which shows a healthy growth for micro grid as a service.

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
2 Research Methodologies
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
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
Continued…

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 (%)
Continued…

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