Microgrid as a service is expected to grow at

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Microgrid As a Service Is Expected to Grow at ~16% CAGR – Forecast 2022 Market Scenario: Microgrid as a Service (MaaS) is a cloud based service which enables third party to produce and manage the electricity. Microgrids efficiently creates a plan for managing the local energy generation and delivery avoiding adisruption 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.Hence, the market for Microgrid as a service (MaaS) is expected to grow at ~16% CAGR (2016-2022). 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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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.). Study Objectives: To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Microgrid as a service Market To provide insights about factors affecting the market growth


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