2021-2030 Analysis and Review Micro Grid as A Service Market

Micro Grid as A Service Market

Micro Grid as A Service Market By Grid Type, By Vertical, By Service Type - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

30-04-2022 REP-HC-139335 110 pages Format

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Global microgrid as a service market is expected to grow at a CAGR of 16.1% during forecast period (2022-2030). Global microgrid as a service market is primarily driven by decreasing cost of electricity for wind and solar PV systems. Thus, decreasing levelised cost of electricity generation using renewable sources of energy such as solar and wind is expected boost the adoption coupled with storage system (microgrid) for efficient storage and transmission.

Government & Education segment Dominating in terms of Market Revenue

Global microgrid as a service market has been segmented on the basis of grid-type, verticals and service type. Government & Education segment in global microgrid as a service market is expected to account largest share in terms of revenue with around 16.54% market share in 2021. Government & Education segment in microgrid as a service market is driven by growing initiatives of government of different countries for electrification and increasing adoption of microgrid by institutions. For instance, as per International Energy Agency (France), 1.1 billion population were living without electricity access in 2016. However, the numbers are expected to decrease to 674 million by 2030. Developing countries such as India, Indonesia, Africa and others are adopting off-grid, microgrid solution for achieving electrification rate in their country. However, industrial segment is expected to be fastest growing owing to adoption of microgrid as a power back source owing to fluctuation in electricity power during peak hours and also power cut.

Industrial Segment is Expected to Grow the Fastest During the Forecast Period

Industrial segment in microgrid as a service market is projected to grow fastest with CAGR of 16.8% during the forecasted period 2022-2030. Industrial segment is primarily driven by growing adoption of microgrid as a power back source owing to fluctuation in electricity power during peak hours and also power cut. For instance, as per a survey conducted by World Bank Group, 59.4% of the firms (related to manufacturing) experience electrical outages across the globe. However, the percentage of outage is 66.2% in South Asia and 37.9% in Europe & Central Asia. Further, the average duration of outages during the outages was noted to be 4.5 hours creating a loss of 4.7% of the annual sales. Thus, industries are adopting microgrid as a power back source for efficiently performing the daily works.

North America Takes the Lion’s Share

Geographically, Microgrid as a service market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). North America accounts the largest share in Microgrid as a service market by capturing largest market share in terms of revenue of around 36.94% in 2021. Microgrid as a service demand in North America is primarily driven by government initiatives to promote renewable energy and growing energy investments for the adoption of microgrid. U.S. government have framed policies to increase their electricity generation from renewable energy sources from 10% in 2015 to 20% in 2020. Growing adoption of microgrid is expected to boost the demand for service related to it.

China to Remain the Largest in APAC Region

China accounts the largest share in APAC microgrid as a service market and is projected to grow with CAGR of 17.1% during the forecasted period 2022-2030. Rising government initiatives for adoption of renewable sources and growing adoption of microgrid are some of the major factors propelling the demand for microgrid as a service market in the country. Under 13th Year plan, the government of China planned to increase the share of non-fossil energy to 15% by 2020 and 30% by 2030. Further, as per Unearthed, China’s solar PV capacity was noted to be 112 GW and is expected to reach 213 GW by 2020, greater than the set target. Increasing adoption of microgrid is expected to increase the demand for microgrid as a service market in the country.

Microgrid as A Service Market to Grow into a Highly Competitive Market

Partnership & Collaboration is the primary strategy adopted by companies in global micro grid as a service market. Deployment & Expansion is the secondary strategy adopted by companies in global microgrid as a service market. Intensity of competitive rivalry of global microgrid as service market is expected to remain at high level over the forecast period 2022-2030. Presence of considerable number of companies in the market makes it highly competitive. Companies operating in the market are trying various strategies such as merger & acquisitions, product launch, advancing technologies and others to maintain their market share. Top companies in this market include GE Electric, Siemens AG, Eaton, ABB Ltd, Schneider Electric and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for the extrapolation of market revenues. The derived market estimates were further validated from top-down, bottom strategies, and primary research. The scope of the market is limited to the following segments of product categories and regions.

by Grid Type (2020-2030; US$ Mn)

OEM Batteries
Aftermarket Batteries

by Vertical (2020-2030; US$ Mn)

Government & Education
Residential & Commercial
Industrial
Military
Utility

by Service Type (2020-2030; US$ Mn)

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

by Region (2020-2030; US$ Mn)

North America
Europe
Asia Pacific
Latin America
Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

Pre Covid-19 situation
Post Covid-19 situation

Key questions answered in this report

What are the key market segments in the current scenario and in the future by product categories?
What are the key market segments in the current scenario and in the future by region?
What is the key impact of Covid-19 over market revenues and market determinants in the global microgrid as a service market?
What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
How to overcome the current market challenges and leverage the opportunities in each of the market segments?
Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth

Micro Grid as A Service Market - Table of Contents

Chapter 1. Preface

Chapter 2. Market Overview
2.1. Evolution and Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.3.1. Macro Grid
2.3.2. Components Suppliers
2.3.3. Manufacturing & Development
2.3.4. Maas Platform
2.3.5. Micro Grid
2.4. Total Market Analysis
2.4.1. Top 5 Findings
2.4.2. Top Opportunity Market
2.4.3. Top 5 Companies
2.4.4. Top 3 Competitive Strategies
2.5. Estimation Analysis
2.5.1. Increasing Electricity Demand
2.5.2. Growth in Renewable Energy Systems
2.5.4. Investment Opportunities by Regions
2.5.5. Opportunities in Emerging Verticals
2.5.6. Investment Opportunity in Fastest Growing Segment
2.6. Strategic Analysis
2.6.1. Investment Versus Adoption Model
2.6.2. 360 Degree Industry Analysis
2.6.3. Porters 5 Forces Model
2.6.3.1. Threat of New Entrants
2.6.3.2. Threat of Substitute Products
2.6.3.3. Bargaining Power of Buyer
2.6.3.4. Bargaining Power of Supplier
2.6.3.5. Intensity of Competitive Rivalry
2.6.4. See-Saw Analysis
2.6.5. Consumer Analysis and Key Buying Criteria
2.7. Competitive Analysis
2.7.1. Market Share Analysis & Top Company Analysis
2.8. Strategic Recommendations & Key Conclusions

Chapter 3. Market Determinants
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunity
3.4. Market Challenge

Chapter 4. Global Microgrid as A Service Market by Grid Type, 2020-2030, ($ Million)
4.1. Market Definition and Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis across Market Segments
4.4. Opportunity Matrix
4.5. Market Segmentation
4.5.1. Global Grid-Connected Type Market
4.5.1.1. Adoption Scenario & Market Determinants
4.5.1.2. Market Estimations and Forecasts 2020-2030 ($ Million)
4.5.1.3. Market Participants & Products
4.5.1.4. Key Conclusion
4.5.2. Global Remote/Islanded Type Market
4.5.2.1. Adoption Scenario & Market Determinants
4.5.2.2. Market Estimations and Forecasts 2020-2030 ($ Million)
4.5.2.3. Market Participants & Products
4.5.2.4. Key Conclusion

Chapter 5. Global Microgrid as A Service Market by Vertical, 2020-2030, ($ Million)
5.1. Market Definition and Scope
5.2. Decision Support Database & Estimation Methodology
5.3. Comparative Analysis across Market Segments
5.4. Opportunity Matrix
5.5. Market Segmentation
5.5.1. Global Government & Education Market
5.5.1.1. Adoption Scenario & Market Determinants
5.5.1.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.1.3. Market Participants & Products
5.5.1.4. Key Conclusion
5.5.2. Global Residential & Commercial Market
5.5.2.1. Adoption Scenario & Market Determinants
5.5.2.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.2.3. Market Participants & Products
5.5.2.4. Key Conclusion
5.5.3. Global Industrial Market
5.5.3.1. Adoption Scenario & Market Determinants
5.5.3.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.3.3. Market Participants & Products
5.5.3.4. Key Conclusion
5.5.4. Global Military Market
5.5.4.1. Adoption Scenario & Market Determinants
5.5.4.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.4.3. Market Participants & Products
5.5.4.4. Key Conclusion
5.5.5. Global Utility Market
5.5.5.1. Adoption Scenario & Market Determinants
5.5.5.2. Market Estimations and Forecasts 2020-2030 ($ Million)
5.5.5.3. Market Participants & Products
5.5.5.4. Key Conclusion

Chapter 6. Global Microgrid as A Service Market by Service Type, 2020-2030, ($ Million)
6.1. Market Definition and Scope
6.2. Decision Support Database & Estimation Methodology
6.3. Comparative Analysis across Market Segments
6.4. Opportunity Matrix
6.5. Market Segmentation
6.5.1. Global Engineering & Design Service Market
6.5.1.1. Adoption Scenario & Market Determinants
6.5.1.2. Market Estimations and Forecasts 2020-2030($ Million)
6.5.1.3. Market Participants & Products
6.5.1.4. Key Conclusion
6.5.2. Global Software as A Service Market
6.5.2.1. Adoption Scenario & Market Determinants
6.5.2.2. Market Estimations and Forecasts 2020-2030($ Million)
6.5.2.3. Market Participants & Products
6.5.2.4. Key Conclusion
6.5.3. Global Monitoring & Control Service Market
6.5.3.1. Adoption Scenario & Market Determinants
6.5.3.2. Market Estimations and Forecasts 2020-2030($ Million)
6.5.3.3. Market Participants & Products
6.5.3.4. Key Conclusion
6.5.4. Global Operation & Maintenance Service Market
6.5.4.1. Adoption Scenario & Market Determinants
6.5.4.2. Market Estimations and Forecasts 2020-2030($ Million)
6.5.4.3. Market Participants & Products
6.5.4.4. Key Conclusion

Chapter 7. North America Microgrid as a Service Market, 2020-2030, ($ Million)
7.1. Market Overview
7.2 Segmentation Analysis by Region 2020-2030 ($Million)
7.2.1. United States
7.2.2. Canada

Chapter 8. UK & European Microgrid as a Service Market, 2020-2030, ($ Million)
8.1. Market Overview
8.2. Segmentation Analysis by Region 2020-2030 ($ Million)
8.2.1. United Kingdom
8.2.2. France
8.2.3. Germany
8.2.4. Russia
8.2.5. Rest of Europe

Chapter 9. Asia-Pacific Microgrid as a Service Market, 2020-2030, ($ Million)
9.1. Market Overview
9.2. Segmentation Analysis by Region 2020-2030 ($Million)
9.2.1. China
9.2.2. India
9.2.3. Japan
9.2.4. Australia
9.2.5. Rest of Asia-Pacific

Chapter 10. Row Microgrid as a Service Market, 2020-2030, ($ Million)
10.1. Market Overview
10.2. Segmentation Analysis by Region 2020-2030 ($ Million)
10.2.1. Latin America
10.2.2. Middle East & Africa

Chapter 11. Company Profile
11.1. Abb Ltd.
11.2. Anbaric Transmisson Llc
11.3. Exelon Corporation
11.4. General Electric Company
11.5. Eaton Corporation
11.6. Green Energy Corporation
11.7. Nrg Energy, Inc
11.8. Pareto Energy Ltd
11.9. Princeton Power Systems
11.10. Power Engineersin Corporated
11.11. Schneider Electric
11.12. S&C Electric Company
11.13. Siemens Ag
11.14. Solarcity Corporation (Acquired by Tesla Inc.)
11.15. Spirae Inc.

Micro Grid as A Service Market - List of Tables

Table 1 Global Microgrid as A Service Market by Verticals 2020-2030 ($ Million)
Table 2 Investments in Microgrids
Table 3 Investment Versus Adoption Model: Global Microgrid as A Service Market by Vertical, 2021
Table 4 Drivers Impact Analysis of Global Microgrid as A Service Market
Table 5 Benefit of Microgrid
Table 6 Characteristics of Off-Grid Energy Companies
Table 7 Restraints Impact Analysis of Global Microgrid as A Service Market
Table 8 Impact Analysis of Global Microgrid as A Service Market
Table 9 Challenge Impact Analysis of Global Micro Grid as A Service Market
Table 10 Global Microgrid as A Service Market by Grid Type 2020-2030 ($ Million)
Table 11 Global Grid-Connected Type Market by Geography 2020-2030 ($ Million)
Table 12 Global Remote/Islanded Type Market by Geography 2020-2030 ($ Million)
Table 13 Global Microgrid as A Service Market by Vertical 2020-2030 ($ Million)
Table 14 Global Government & Education Market by Geography 2020-2030 ($ Million)
Table 15 Global Residential & Commercial Market by Geography 2020-2030 ($ Million)
Table 16 Global Industrial Market by Geography 2020-2030 ($ Million)
Table 17 Global Military Market by Geography 2020-2030 ($ Million)
Table 18 Global Utility Market by Geography 2020-2030 ($ Million)
Table 19 Global Microgrid as A Service Market by Service Type 2020-2030 ($ Million)
Table 20 Global Software as A Service Market by Geography 2020-2030 ($ Million)
Table 21 Global Monitoring & Control Service Market by Geography 2020-2030 ($ Million)
Table 22 Global Operation & Maintenance Service Market by Geography 2020-2030 ($ Million)
Table 23 North America Microgrid as A Service Market 2020-2030 ($ Million)
Table 24 North America Segmentation Analysis by Grid Type 2020-2030($ Million)
Table 25 North America Segmentation Analysis by Vertical 2020-2030($ Million)
Table 26 North America Segmentation Analysis by Service Type 2020-2030 ($ Million)
Table 27 United States Segmentation Analysis by Grid Type 2020-2030 ($ Million)
Table 28 United States Segmentation Analysis by Vertical 2020-2030 ($ Million)
Table 29 United States Segmentation Analysis by Service Type 2020-2030 ($ Million)
Table 30 Canada Segmentation Analysis by Grid Type 2020-2030 ($ Million)
Table 31 Canada Segmentation Analysis by Vertical 2020-2030 ($ Million)
Table 32 Canada Segmentation Analysis by Service Type 2020-2030 ($ Million)
Table 33 Europe Microgrid as A Service Market 2020-2030 ($ Million)
Table 34 Europe Segmentation by Grid Type 2020-2030 ($ Million)
Table 35 Europe Segmentation Analysis by Vertical 2020-2030 ($Million)
Table 36 Europe Segmentation Analysis by Service Type 2020-2030 ($Million)
Table 37 United Kingdom Segmentation by Grid Type 2020-2030 ($ Million)
Table 38 United Kingdom Segmentation by Vertical 2020-2030 ($ Million)
Table 39 United Kingdom Segmentation by Service Type 2020-2030 ($ Million)
Table 40 France Segmentation by Grid Type 2020-2030 ($ Million)
Table 41 France Segmentation by Vertival 2020-2030 ($ Million)
Table 42 France Segmentation by Service Type 2020-2030 ($ Million)
Table 43 Germany Segmentation by Grid Type 2020-2030 ($ Million)
Table 44 Germany Segmentation by Vertical 2020-2030 ($ Million)
Table 45 Germany Segmentation by Service Type 2020-2030 ($ Million)
Table 46 Spain Segmentation by Grid Type 2020-2030 ($ Million)
Table 47 Spain Segmentation by Vertical 2020-2030 ($ Million)
Table 48 Spain Segmentation by Service Type 2020-2030 ($ Million)
Table 49 Rest of Europe Segmentation by Grid Type 2020-2030 ($ Million)
Table 50 Rest of Europe Segmentation by Vertical 2020-2030 ($ Million)
Table 51 Rest of Europe Segmentation by Service Type 2020-2030 ($ Million)
Table 52 Asia-Pacific Micro Grid as A Service Market 2020-2030 ($ Million)
Table 53 Asia-Pacific Segmentation Analysis by Grid Type 2020-2030($Million)
Table 54 Asia-Pacific Segmentation by Vertical 2020-2030 ($Million)
Table 55 Asia-Pacific Segmentation Analysis by Service Type 2020-2030($Million)
Table 56 China Segmentation by Grid Type 2020-2030 ($Million)
Table 57 China Segmentation by Vertical 2020-2030 ($Million)
Table 58 China Segmentation by Service Type 2020-2030 ($Million)
Table 59 India Segmentation by Grid Type 2020-2030 ($Million)
Table 60 India Segmentation by Vertical 2020-2030 ($Million)
Table 61 India Segmentation by Service Type 2020-2030 ($Million)
Table 62 Japan Segmentation by Grid Type 2020-2030 ($Million)
Table 63 Japan Segmentation by Vertical 2020-2030 ($Million)
Table 64 Japan Segmentation by Service Type 2020-2030 ($Million)
Table 65 Australia Segmentation by Grid Type 2020-2030 ($Million)
Table 66 Australia Segmentation by Vertical 2020-2030 ($Million)
Table 67 Australia Segmentation by Service Type 2020-2030 ($Million)
Table 68 Roapac Segmentation by Grid Type 2020-2030 ($Million)
Table 69 Roapac Segmentation by Vertical 2020-2030 ($Million)
Table 70 Roapac Segmentation by Service Type 2020-2030 ($Million)
Table 71 Row Micro Grid as A Service Market 2020-2030($Million)
Table 72 Row Segmentation Analysis by Grid Type 2020-2030($Million)
Table 73 Row Segmentation by Vertical 2020-2030 ($Million)
Table 74 Row Segmentation by Service Type 2020-2030 ($Million)
Table 75 Latin America Microgrid as A Service Market by Grid Type 2020-2030($Million)
Table 76 Latin America Microgrid as A Service Market by Vertical 2020-2030($Million)
Table 77 Latin America Microgrid as A Service Market by Service Type 2020-2030($Million)
Table 78 Middle East & Africa Microgrid as A Service Markey by Grid Type 2020-2030($Million)
Table 79 Middle East & Africa Microgrid as A Service Markey by Vertical 2020-2030($Million)
Table 80 Middle East & Africa Microgrid as A Service Markey by Service Type 2020-2030($Million)

Micro Grid as A Service Market - List of Figures

Figure 1 Global Microgrid as A Service Market Regional Analysis 2022-2030 (%)
Figure 2 Industry Structure and Process Flow Within Maas
Figure 3 China in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 4 U.S. in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 5 Government & Education in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 6 Grid-Connected in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 7 India in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 8 Germany in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 9 Industrial in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 10 Software as A Service in Global Microgrid as A Service Market 2020-2030 ($ Million)
Figure 11 Remote/Islanded in Global Microgrid as A Service Market 2020-2030 ($Million)
Figure 12 Electricity Demand Projection Till 2040
Figure 13 Average Annual Net Capacity Addition Projection Till 2040
Figure 14 Investment Proposition For Global Microgrid as A Service Market, 2022-2030
Figure 15 Investment Opportunities in Emerging Verticals, 2022-2030
Figure 16 Comparative Analysis across Market Segments 2021 & 2030 (%)
Figure 18 Microgrid as A Service in Global Microgrid Market, 2021
Figure 19 See-Saw Analysis Micro-Grid as A Service Market
Figure 20 Key Buying Criteria Micro-Grid as A Service (Maas) Market 2021 & 2030
Figure 21 Market Share Analysis of Global Microgrid as A Service Market, 2021 (% Revenue)
Figure 22 Investment Proposition For Global Microgrid as A Service Market, 2022-2030
Figure 23 Investment Opportunities in Emerging Verticals, 2022-2030
Figure 24 Comparative Analysis across Market Segments 2021 & 2030 (%)
Figure 26 Comparative Analysis across Market Segments 2021 & 2030 (%)
Figure 27 Global Grid-Connected Type Market 2020-2030 ($ Million)
Figure 28 Global Remote/Islanded Type Market 2020-2030 ($ Million)
Figure 29 Comparative Analysis across Market Segments 2021 & 2030 (%)
Figure 30 Global Government & Education Market 2020-2030 ($ Million)
Figure 31 Global Residential & Commercial Market 2020-2030 ($ Million)
Figure 32 Global Industrial Market 2020-2030 ($ Million)
Figure 33 Global Military Market 2020-2030 ($ Million)
Figure 34 Global Utility Market 2020-2030 ($ Million)
Figure 35 Comparative Analysis across Market Segments 2021 & 2030 (%)
Figure 36 Global Engineering & Design Service Market 2020-2030 ($ Million)
Figure 37 Global Engineering & Design Service Market by Geography 2020-2030 ($ Million)
Figure 38 Global Software as A Service Market 2020-2030 ($ Million)
Figure 39 Global Monitoring & Control Service Market 2020-2030 ($ Million)
Figure 40 Global Operation & Maintenance Service Market 2020-2030 ($ Million)
Figure 41 United States Microgrid as A Service Market 2020-2030 ($ Million)
Figure 42 Canada Microgrid as A Service Market 2020-2030 ($ Million)
Figure 43 United Kingdom Microgrid as A Service Market 2020-2030 ($ Million)
Figure 44 France Microgrid as A Service Market 2020-2030 ($ Million)
Figure 45 Germany Microgrid as A Service Market 2020-2030 ($ Million)
Figure 46 Spain Microgrid as A Service Market 2020-2030 ($ Million)
Figure 47 Rest of Europe Microgrid as A Service Market 2020-2030 ($ Million)
Figure 48 China Micro Grid as A Service Market 2020-2030 ($ Million)
Figure 49 India Micro Grid as A Service Market 2020-2030 ($ Million)
Figure 50 Japan Micro Grid as A Service Market 2020-2030 ($ Million)
Figure 51 Australia Micro Grid as A Service Market 2020-2030 ($ Million)
Figure 52 Rest of Asia-Pacific Micro Grid as A Service Market 2020-2030 ($ Million)
Figure 53 Latin America Microgrid as A Service Market 2020-2030($Million)
Figure 54 Middle East & Africa Microgrid as A Service Market 2020-2030($Million)