Microgrid as a Service Market Synopsis
As per the research by Market research Future (MRFR), the global Microgrid as a Service (MaaS) market is estimated to attain a value of USD 2201 Mn at a CAGR of 16% during the review period from 2016 to 2022. The global microgrid as a Service market was valued at USD 772 Mn in 2015. Rising cases of widespread power outages due to natural calamities and traditional old grid structures have led to an urgent requirement to improve energy output is driving the global microgrid as a service market 2020.
Microgrid as a Service proposes the advantages of superb scalability and observing at an affordable rate. Hearty industrialization across the world, particularly in creating economies has prompted the necessity for a persistent progression of power which has ahead generated greater demand for Microgrid as a Service. Moreover, the adoption of eradicates the need to cause forthright costs which looks good at the market in cost delicate markets. Microgrid as a Service acts as an ideal answer for clients who are leaned in pocket-accommodating, reliable services. Relentless technological advancements in the field of microgrids have also participated in the expansion of the market. Different factors affecting the expansion of the market include an increase in purchaser demand generating out of bad weather circumstances, reduced cost of dispersed creation, and state motivation programs. Despite the fact that Microgrid as a Service has entered the mainstream, its vigorous appropriation and integration are as yet met by obstacles related to technical limitations and management issues.
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Microgrid as a Service Market Segmentation
The MaaS market can be segregated on the basis of industry, service type, grid type, and region.
- On the basis of industry, the global Microgrid as a Service market has been divided into Military, Utility and Manufacturing, Residential & Commercial.
- On the basis of service type, the global microgrid as a Service market has been classified into Monitoring & Control Service, Service, and Operation & Maintenance Service.
- On the basis of grid type, the global microgrid as a Service market has been classified into remote/Islanded and Grid-connected.
- On the basis of region, the global Microgrid as a Service market has been classified into Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW).
Global Microgrid as a Service Market Regional Analysis
On the basis of geography, the global Microgrid as a Service market has been classified into Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW).
The Asia Pacific acquires the maximum microgrid as a Service market trends. There has been a rise in demand for power owing to robust industrialization, higher penetration of automation across several verticals in the region. Moreover, the initiatives taken by the government towards the electrification of rural areas in emerging economies such as China, India, and Japan produce a great demand for microgrid as a service market. Furthermore, increasing demand for renewable energy sources is another act as another important factor that aids in the expansion of the market.
North America is a powerful market for microgrid as a service market which is estimated to observe notable development during the assessment time frame. Consistent advancement in the power area in the locale can be accredited for the expansion of the market. The United States Department of Energy motivates the adoption of a microgrid which has prompted increased adoption of the microgrid as a service market in several legislatures as well as in private organizations.
Key Players in microgrid as a service market
The distinguished competitors in the worldwide microgrid as a service market include General Electric (U.S.), Siemens AG (Germany), Exelon Corp. (U.S.), Schneider Electric SE (France), Northern Power Systems Corp. (U.S.), Spirae, Inc. (U.S.), NRG Energy, Inc. (U.S.), Eaton Corp. PLC (Ireland), ABB Ltd. (Switzerland), and Duke Energy Corporation (U.S.).
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
2 Research Methodologies
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
2.4.3 Market Crackdown & Data Triangulation
3 Global Microgrid As A Service Market: Overview
3.1 Introduction
3.1.1 Definition
3.1.2 Market Segmentation Of Microgrid As A Service Market....
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