Microgrid as a service (MaaS) Market Growth Rate Analysis By ABB, General Electric, Siemens AG,Eaton, Schneider Electric SE, Duke Energy, Northern, Exelon Corp, NRG Energy, Spirae

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

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

Get Sample copy of Report @ https://www.marketresearchfuture.com/sample_request/1874

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.

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.

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.
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.

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.

Study Objectives of Microgrid as a service Market:

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.
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.

Access Report Details @ https://www.marketresearchfuture.com/reports/microgrid-as-a-service-market-1874

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

Continued…

Access Report PR @ https://www.marketresearchfuture.com/press-release/microgrid-as-a-service-market

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…

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.