Global Microgrid as a Service Market Size study & Forecast, by Grid Type by Vertical by Service Type (Engineering & Design Service, Software as a Service, Monitoring & Control Service, Operation & Maintenance Service) and Regional Analysis, 2023-2030

Description

List of Tables

Global Microgrid as a Service Market is valued approximately at USD 2,241.6 million in 2022 and is anticipated to grow with a healthy growth rate of more than 15.86% over the forecast period 2023-2030. Microgrid as a Service is a model in which a third-party provider offers comprehensive microgrid solutions to customers. Instead of owning and managing a microgrid infrastructure, customers can subscribe to the services provided by the MaaS provider. The Microgrid as a Service market is expanding because of factors such as rising demand for microgrids and increasing rate of urbanization. As a result, the demand of Microgrid as a Service has progressively increased in the international market during the forecast period 2023-2030.

Microgrid as a Service providers leverage advanced technologies for monitoring, control, and optimization of microgrid systems. These capabilities help organizations maximize energy efficiency, reduce operational costs and optimize the use of distributed energy resources. As energy efficiency becomes a priority, the demand for MaaS solutions that deliver these benefits continues to grow. According to Statista, the global microgrid market accounted USD 14.3 billion in 2021 and is projected to reach up to USD 43.9 billion by 2028. Another important factor driving the Microgrid as a Service market is increasing rate of urbanization. Urban areas experience challenges in grid reliability due to aging infrastructure, increased energy demand, and vulnerability to natural disasters. Microgrids can provide a decentralized and more resilient alternative, ensuring a stable energy supply during grid disruptions. In addition, according to Statista, the global urbanization rate accounted 57% in 2022. North America has the highest rate of urbanization, with more than four fifths of the population living in cities. Moreover, rising integration of behind-the-meter microgrid virtual batteries for energy storage and growing electrification among rural areas is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, complexities associated to design of large-sized microgrids and absence of adequate training programs is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Microgrid as a Service Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the high-quality power requirements and increasing rate of urbanization in the region. Industries, businesses, and critical facilities demand a stable and reliable power supply to avoid disruptions in their operations. Microgrids, with their ability to operate independently or in conjunction with the main grid, enhance reliability by providing a backup power source during grid outages or disturbances. MaaS providers ensure that the microgrid infrastructure meets high-quality power standards, making them a dependable solution for customers. The region's dominant performance is anticipated to propel the overall demand of Microgrid as a Service. Furthermore, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period, owing to factors such as rising electrification among rural areas in the region. Traditional grid expansion to rural areas can be economically challenging due to the vast and remote nature of these locations. Microgrids, especially when offered as a service, provide a cost-effective alternative. MaaS providers can design, install, and manage microgrids, allowing rural communities to access electricity without the need for significant upfront investments.

Major market player included in this report are:

General Electric Corporation
Eaton Corporation PLC
Siemens AG
Pareto Energy
Spirae, Inc
Green Energy Corporation
Northern Power Systems Corp
Tech Mahindra Limited
ABB Ltd
Engie SA

Recent Developments in the Market:

In May 2023, Schneider Electric, a pioneer in the digital transformation of energy management and automation, introduces EcoStruxure Microgrid Flex-an unprecedented, standardized microgrid solution poised to streamline project timelines and amplify returns on investment. As the demand for microgrids escalates to address the anticipated 40% share of distributed energy resources in US electricity generation by 2050, EcoStruxure Microgrid Flex revolutionizes the landscape. This innovative solution is meticulously designed to curtail the extensive engineering hours and meticulous configuration, planning, and deployment efforts currently associated with microgrid systems, promising a more efficient and cost-effective journey for stakeholders.

Global Microgrid as a Service Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Grid Type, Vertical, Service Type, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Grid Type

Grid Connected
Remote/Islanded

by Vertical

Government & Education
Residential & Commercial
Industrial
Military
Utility

by Service Type

Engineering & Design Service
Software as a Service (SaaS)
Monitoring & Control Service
Operation & Maintenance Service

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Microgrid as a Service Market, by region, 2020-2030 (USD Million)
- 1.2.2.Microgrid as a Service Market, by Grid Type, 2020-2030 (USD Million)
- 1.2.3.Microgrid as a Service Market, by Vertical, 2020-2030 (USD Million)
- 1.2.4.Microgrid as a Service Market, by Service Type, 2020-2030 (USD Million)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Microgrid as a Service Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Microgrid as a Service Market Dynamics

3.1.Microgrid as a Service Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Rising demand for microgrids
  - 3.1.1.2.Increasing rate of urbanization
- 3.1.2.Market Challenges
  - 3.1.2.1.Complexities associated to design of large-sized microgrids
  - 3.1.2.2.Absence of adequate training programs
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rising integration of behind-the-meter microgrid virtual batteries for energy storage
  - 3.1.3.2.Growing electrification among rural areas

Chapter 4.Global Microgrid as a Service Market: Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economic
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Microgrid as a Service Market, by Grid Type

5.1.Market Snapshot
5.2.Global Microgrid as a Service Market by Grid Type, Performance - Potential Analysis
5.3.Global Microgrid as a Service Market Estimates & Forecasts by Grid Type 2020-2030 (USD Million)
5.4.Microgrid as a Service Market, Sub Segment Analysis
- 5.4.1.Grid Connected
- 5.4.2.Remote/Islanded

Chapter 6.Global Microgrid as a Service Market, by Vertical

6.1.Market Snapshot
6.2.Global Microgrid as a Service Market by Vertical, Performance - Potential Analysis
6.3.Global Microgrid as a Service Market Estimates & Forecasts by Vertical 2020-2030 (USD Million)
6.4.Microgrid as a Service Market, Sub Segment Analysis
- 6.4.1.Government & Education
- 6.4.2.Residential & Commercial
- 6.4.3.Industrial
- 6.4.4.Military
- 6.4.5.Utility

Chapter 7.Global Microgrid as a Service Market, by Service Type

7.1.Market Snapshot
7.2.Global Microgrid as a Service Market by Service Type, Performance - Potential Analysis
7.3.Global Microgrid as a Service Market Estimates & Forecasts by Service Type 2020-2030 (USD Million)
7.4.Microgrid as a Service Market, Sub Segment Analysis
- 7.4.1.Engineering & Design Service
- 7.4.2.Software as a Service (SaaS)
- 7.4.3.Monitoring & Control Service
- 7.4.4.Operation & Maintenance Service

Chapter 8.Global Microgrid as a Service Market, Regional Analysis

8.1.Top Leading Countries
8.2.Top Emerging Countries
8.3.Microgrid as a Service Market, Regional Market Snapshot
8.4.North America Microgrid as a Service Market
- 8.4.1.U.S. Microgrid as a Service Market
  - 8.4.1.1.Grid Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Vertical breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.Service Type breakdown estimates & forecasts, 2020-2030
- 8.4.2.Canada Microgrid as a Service Market
8.5.Europe Microgrid as a Service Market Snapshot
- 8.5.1.U.K. Microgrid as a Service Market
- 8.5.2.Germany Microgrid as a Service Market
- 8.5.3.France Microgrid as a Service Market
- 8.5.4.Spain Microgrid as a Service Market
- 8.5.5.Italy Microgrid as a Service Market
- 8.5.6.Rest of Europe Microgrid as a Service Market
8.6.Asia-Pacific Microgrid as a Service Market Snapshot
- 8.6.1.China Microgrid as a Service Market
- 8.6.2.India Microgrid as a Service Market
- 8.6.3.Japan Microgrid as a Service Market
- 8.6.4.Australia Microgrid as a Service Market
- 8.6.5.South Korea Microgrid as a Service Market
- 8.6.6.Rest of Asia Pacific Microgrid as a Service Market
8.7.Latin America Microgrid as a Service Market Snapshot
- 8.7.1.Brazil Microgrid as a Service Market
- 8.7.2.Mexico Microgrid as a Service Market
8.8.Middle East & Africa Microgrid as a Service Market
- 8.8.1.Saudi Arabia Microgrid as a Service Market
- 8.8.2.South Africa Microgrid as a Service Market
- 8.8.3.Rest of Middle East & Africa Microgrid as a Service Market

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
- 9.1.1.Company 1
- 9.1.2.Company 2
- 9.1.3.Company 3
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1.General Electric Corporation
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.Recent Developments
- 9.3.2.Eaton Corporation PLC
- 9.3.3.Siemens AG
- 9.3.4.Pareto Energy
- 9.3.5.Spirae Inc
- 9.3.6.Green Energy Corporation
- 9.3.7.Northern Power Systems Corp
- 9.3.8.Tech Mahindra Limited
- 9.3.9.ABB Ltd
- 9.3.10.Engie SA

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes
10.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Microgrid as a Service Market, report scope
TABLE 2.Global Microgrid as a Service Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3.Global Microgrid as a Service Market estimates & forecasts by Grid Type 2020-2030 (USD Million)
TABLE 4.Global Microgrid as a Service Market estimates & forecasts by Vertical 2020-2030 (USD Million)
TABLE 5.Global Microgrid as a Service Market estimates & forecasts by Service Type 2020-2030 (USD Million)
TABLE 6.Global Microgrid as a Service Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7.Global Microgrid as a Service Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8.Global Microgrid as a Service Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9.Global Microgrid as a Service Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10.Global Microgrid as a Service Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11.Global Microgrid as a Service Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12.Global Microgrid as a Service Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13.Global Microgrid as a Service Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14.Global Microgrid as a Service Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15.Global Microgrid as a Service Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16.U.S. Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17.U.S. Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18.U.S. Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19.Canada Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20.Canada Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21.Canada Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22.UK Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23.UK Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24.UK Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25.Germany Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26.Germany Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27.Germany Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28.France Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29.France Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30.France Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31.Italy Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32.Italy Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33.Italy Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34.Spain Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35.Spain Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36.Spain Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37.RoE Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38.RoE Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39.RoE Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40.China Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41.China Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42.China Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43.India Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44.India Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45.India Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46.Japan Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47.Japan Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48.Japan Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49.South Korea Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50.South Korea Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51.South Korea Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52.Australia Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53.Australia Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54.Australia Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55.RoAPAC Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56.RoAPAC Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57.RoAPAC Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58.Brazil Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59.Brazil Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60.Brazil Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61.Mexico Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62.Mexico Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63.Mexico Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64.RoLA Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65.RoLA Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66.RoLA Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67.Saudi Arabia Microgrid as a Service Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68.South Africa Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69.RoMEA Microgrid as a Service Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70.List of secondary sources, used in the study of global Microgrid as a Service Market
TABLE 71.List of primary sources, used in the study of global Microgrid as a Service Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Microgrid as a Service Market, research methodology
FIG 2.Global Microgrid as a Service Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Microgrid as a Service Market, key trends 2022
FIG 5.Global Microgrid as a Service Market, growth prospects 2023-2030
FIG 6.Global Microgrid as a Service Market, porters 5 force model
FIG 7.Global Microgrid as a Service Market, pest analysis
FIG 8.Global Microgrid as a Service Market, value chain analysis
FIG 9.Global Microgrid as a Service Market by segment, 2020 & 2030 (USD Million)
FIG 10.Global Microgrid as a Service Market by segment, 2020 & 2030 (USD Million)
FIG 11.Global Microgrid as a Service Market by segment, 2020 & 2030 (USD Million)
FIG 12.Global Microgrid as a Service Market by segment, 2020 & 2030 (USD Million)
FIG 13.Global Microgrid as a Service Market by segment, 2020 & 2030 (USD Million)
FIG 14.Global Microgrid as a Service Market, regional snapshot 2020 & 2030
FIG 15.North America Microgrid as a Service Market 2020 & 2030 (USD Million)
FIG 16.Europe Microgrid as a Service Market 2020 & 2030 (USD Million)
FIG 17.Asia pacific Microgrid as a Service Market 2020 & 2030 (USD Million)
FIG 18.Latin America Microgrid as a Service Market 2020 & 2030 (USD Million)
FIG 19.Middle East & Africa Microgrid as a Service Market 2020 & 2030 (USD Million)