Micro Grid as a Service Market 2018-2022 Global Key Manufacturers Analysis by ABB, General Electric, Siemens AG,Eaton, Schneider Electric SE, Duke Energy, Northern, Exelon Corp, NRG Energy, Spirae

Micro Grid as a Service Market growing at exponential compound annual growth rate by forecast period of 2018 to 2022. Factors driving the growth of Microgrid as a Service are 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 Micro Grid as a Service market.

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

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

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Market Highlights:

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.

In November 2016, American Electric Power (AEP) announced to invest around 52$ million to build utility Microgrids as part of a smart city design for Columbus, Ohio.

Key Players:

Some of major key players in Microgrid as a Service Market such as ABB Ltd. (Switzerland), General Electric (U.S.), Siemens AG (Germany), Eaton Corp. PLC (Ireland), Schneider Electric SE (France) among others are investing in renewable energy solution such as Microgrid thus supporting the market of Microgrid as a Service.

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.

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Intended Audience:

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

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

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