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(IT-NEWSWIRE.COM, January 30, 2018 ) Market Highlights
Microgrid as a Service (MaaS) is a cloud based service which enables third party to produce and manage the electricity. Microgrids efficiently create 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.
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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Major Key Players
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.)
Hence, the market for Microgrid as a service (MaaS) Market is expected to grow at ~16% CAGR (2016-2022).
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.
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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
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
Table 5 North America Microgrid As A Service Market, By Grid Type
Continued
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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 (%)
Figure 5 Global Microgrid As A Service Market: By Region
Continued
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