Market Overview:
Microgrid as a Service (MaaS) is an emerging market that offers grid-tied microgrids, independent microgrids, and hybrid microgrids. These services are delivered through the cloud or other digital platforms and allow customers to purchase the exact amount of power they need, when they need it.
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Product Definition:
Microgrid as a Service (MaaS) is a model for delivering microgrid services. It is important because it enables the deployment of microgrids without the need for significant up-front investment in hardware or software.
Grid-Tied Microgrid:
A microgrid is a local electric system, which has the ability to provide power for critical facilities and population centers in case of an emergency. A microgrid can be compared to a small regional electricity grid, but it serves only a part of the region instead of all regions. It mainly serves facilities that are located close to its center (usually within 10 miles).
Independent Microgrid:
An independent microgrid is a power generation and distribution system that is completely contained within a dedicated building or group of buildings. It has the ability to generate its own electricity supply and has no dependency on the main grid for power. An independent microgrid can be used as an emergency backup power source in commercial facilities, residential complexes, institutions, healthcare facilities or other large scale industrial applications where there is enough space for installation of generators.
Application Insights:
The industry segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. Increasing number of industrial users, growing demand for flexible and rapid power supply, rising need for energy efficiency are some of the factors anticipated to drive industry expansion over the coming years.
Microgrid as a service helps industries to bridge short-term power generation gap by providing reliable back-up power supply solution. It provides an efficient mechanism for handling variability in production or load that varies with time, day or night without affecting business operations. The residential and commercial application segment is expected to register highest CAGR from 2018 to 2030 owing to increasing adoption of microgrid among large commercial institutions, hospitals and universities as well as government organizations across various regions globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in renewable energy, technological advancements, and growing awareness among people about the benefits of such systems. Moreover, supportive government policies are also anticipated to drive regional growth over the next eight years.
Asia Pacific is projected to witness significant growth over the coming years owing to rising demand for electricity backup solutions from industries and commercial sectors due to natural calamities or power outages caused by weather conditions such as hurricanes/typhoons/cyclones etc., especially in developing countries like India and China which have a large number of un-electrified villages (IDRC 2016). Such factors are expected fuel regional demand during 2018-2030 period. Additionally, governments across various Asia Pacific countries are actively working on establishing their own microgrid projects thereby driving industry expansion over this period (KPMG 2016).
Growth Factors:
- Increased demand for reliable and resilient power systems due to the growth of data centers, electric vehicles, and other distributed energy resources.
- Rapidly declining costs of solar and storage technologies, which are making microgrids more cost-effective for a wider range of applications.
- Proliferation of software platforms that make it easier to design, operate, and finance microgrids.
- Growing interest from utilities in using microgrids as a way to defer or avoid investments in traditional grid infrastructure upgrades.
- Increasing regulatory support for microgrid development around the world
Scope Of The Report
Report Attributes
Report Details
Report Title
Microgrid as a Service (MaaS) Market Research Report
By Type
Grid-Tied Microgrid, Independent Microgrid
By Application
Government & Education, Residential & Commercial, Industry, Military, Public Utilities
By Companies
ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, S&C Electric Co, Eaton Corporation, Sunverge Energy, Siemens, Toshiba, General Microgrids, Lockheed Martin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Microgrid as a Service (MaaS) Market Report Segments:
The global Microgrid as a Service (MaaS) market is segmented on the basis of:
Types
Grid-Tied Microgrid, Independent Microgrid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government & Education, Residential & Commercial, Industry, Military, Public Utilities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- NEC
- GE
- Aquion Energy
- Echelon
- Raytheon
- S&C Electric Co
- Eaton Corporation
- Sunverge Energy
- Siemens
- Toshiba
- General Microgrids
- Lockheed Martin
 Market Overview.svg)
Highlights of The Microgrid as a Service (MaaS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Grid-Tied Microgrid
- Independent Microgrid
- By Application:
- Government & Education
- Residential & Commercial
- Industry
- Military
- Public Utilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microgrid as a Service (MaaS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microgrid as a Service (MaaS) is a cloud-based platform that enables energy providers to manage and operate microgrids. It provides an online platform for energy providers to connect with customers, vendors, and other stakeholders in order to improve coordination of resources and optimize operations.
Some of the major players in the microgrid as a service (maas) market are ABB, NEC, GE, Aquion Energy, Echelon, Raytheon, S&C Electric Co, Eaton Corporation, Sunverge Energy, Siemens, Toshiba, General Microgrids, Lockheed Martin.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microgrid as a Service (MaaS) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Microgrid as a Service (MaaS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microgrid as a Service (MaaS) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Microgrid as a Service (MaaS) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Microgrid as a Service (MaaS) Market Size & Forecast, 2020-2028
4.5.1 Microgrid as a Service (MaaS) Market Size and Y-o-Y Growth
4.5.2 Microgrid as a Service (MaaS) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Grid-Tied Microgrid
5.2.2 Independent Microgrid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Government & Education
6.2.2 Residential & Commercial
6.2.3 Industry
6.2.4 Military
6.2.5 Public Utilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microgrid as a Service (MaaS) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Microgrid as a Service (MaaS) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Grid-Tied Microgrid
9.6.2 Independent Microgrid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Government & Education
9.10.2 Residential & Commercial
9.10.3 Industry
9.10.4 Military
9.10.5 Public Utilities
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Grid-Tied Microgrid
10.6.2 Independent Microgrid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Government & Education
10.10.2 Residential & Commercial
10.10.3 Industry
10.10.4 Military
10.10.5 Public Utilities
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Grid-Tied Microgrid
11.6.2 Independent Microgrid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Government & Education
11.10.2 Residential & Commercial
11.10.3 Industry
11.10.4 Military
11.10.5 Public Utilities
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Grid-Tied Microgrid
12.6.2 Independent Microgrid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Government & Education
12.10.2 Residential & Commercial
12.10.3 Industry
12.10.4 Military
12.10.5 Public Utilities
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Grid-Tied Microgrid
13.6.2 Independent Microgrid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Government & Education
13.10.2 Residential & Commercial
13.10.3 Industry
13.10.4 Military
13.10.5 Public Utilities
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Microgrid as a Service (MaaS) Market: Competitive Dashboard
14.2 Global Microgrid as a Service (MaaS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 NEC
14.3.3 GE
14.3.4 Aquion Energy
14.3.5 Echelon
14.3.6 Raytheon
14.3.7 S&C Electric Co
14.3.8 Eaton Corporation
14.3.9 Sunverge Energy
14.3.10 Siemens
14.3.11 Toshiba
14.3.12 General Microgrids
14.3.13 Lockheed Martin
