Global Microgrid as a Service market, MaaS market size, share & trends analysis report by grid type (remote type, grid-connected type), by service type (design, monitoring, and maintenance service), by application (industrial, military and defense, reside

Orion Market Research (OMR) recently added an industrial report on the global Microgrid as a Service (MaaS) market. Increasing demand for MaaS in defense, hospitals, and remote areas is influencing the market growth. In addition, the government is also increasing funding for the MaaS infrastructure, which is boosting the market growth. The report provides detailed and insightful chapters including market overview, key findings, strategic recommendations, market estimates, key company analysis, market determinants, market insights, company profiling, and strategic analysis.

A full report of the Global MaaS Market is available at https://www.omrglobal.com/industry-reports/microgrid-as-a-service-market/

A microgrid is a separate grid associated or isolated transmission and distribution network. This system controls distributed generation systems and exploits accessible properties in the vicinity. MaaS is a remotely accommodated microgrid control service that provides advanced monitoring and control of circulated energy for utilities, campuses, infrastructures, and institutions. It is also a portable version of the traditional power grid system capable of operating independently or in conjunction with the main electrical grid system of a locality. Moreover, microgrids are supported by generators, or solar energy & renewable wind resources and are mainly used during periods of heavy demand to provide backup power or supplement the main power grid. A microgrid approach is to integrate local solar or wind resources that can provide essential services which help in reducing the main grid's liability.

Total energy production in the US increased as per the U.S. Energy Information Association (EIA) for the sixth consecutive year in 2016. In addition wind, solar and other distributed energy resources (DER) generation for electricity are also increased during the same period. Various new grid technologies such as microgrids have emerged, by combining innovative hardware and software to solve DER integration while creating a more affordable and sustainable energy mix. Moreover, various MNCs such as ABB and Georgia Tech. among others are installing microgrid in workplaces.

The market is segmented on the basis of the grid type, service type, and application. Furthermore, it is classified as a remote type and grid-connected type based on grid type. The remote type segment has significant growth in the market. The remote type provides services for the management and control of distributed energy sources for energy needs. Moreover, the service type is further classified into design service, monitoring, and maintenance in which monitoring service has significant growth in the market. On the basis of application, the market is segmented into industrial, military & defense, residential & commercial, and others (utility, government). The industrial segment has a significant share in the market due to various attributes such as reliability, quality power supply, access to electricity and others in industrial applications.

There are many companies providing MaaS including ENGIE Group, General Electric Co., Green Energy Corp., Leonics Co. Ltd., NRG Energy, Inc., Pareto Energy, HOMER Energy LLC, POWER Engineers, Inc., PowerSecure, Inc., Schneider Electric, Siemens AG, Spirae, LLC, Tech Mahindra Ltd., and TRC Companies, Inc. among others. Furthermore, advanced solutions introduction, collaboration with other organizations, joint ventures/partnerships, and acquisitions & mergers are a few strategies followed by key players who are operating in the microgrid market to outperform their competitors. For instance, in 2013, Consert, Inc. was acquired by Toshiba Corporation to improve its distribution services and increase its global presence and client base. In addition, HOMER Energy LLC launched its HOMER Pro software, which is an upgraded version of HOMER software and its analysis tool focuses primarily on hybrid microgrid combined with multiple storages and renewable sources of energy.

Region Covered

• North America (US and Canada)
• Europe (UK, Germany, France, Spain, and Italy)
• Asia-Pacific (China, India, South Korea, and Japan)
• Rest of the Word (Middle East & Africa and Latin America)

Furthermore, on the basis of region, North America is estimated to have a significant market share due to significant funding by the government for the MaaS infrastructure. Moreover, Asia-Pacific has significant growth owing to the rising awareness for the reliable and easily accessible supply of electricity and power.

For related reports please visit https://www.omrglobal.com/reports-category/ict-market/

For more update follow LinkedIn https://www.linkedin.com/company/omr-global-research/

About Orion Market Research

Orion Market Research (OMR) a research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company aims to provide business insights for decision making to the global clients and offers quality syndicated research reports, customized research reports, Company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.

Media Contact:

Company Name: Orion Market Research
Contact Person: Anurag Tiwari
Email: info@omrglobal.com
Phone: +917803040404, +1 6467557667
Address: 305-308, Commerce House, Janjeerwala Square
City: Indore
Country: India
Website: www.omrglobal.com

This release was published on openPR.