Microgrid as a Service (MaaS) Market by Grid Type (Grid Connected, and Remote or Islanded), Service Type (Engineering & Design, SAAS, Monitoring & Control, and Operation & Maintenance), Vertical, and Geography - Global Forecast to 2022

  • ID: 3987678
  • Report
  • Region: Global
  • 153 Pages
  • Markets and Markets
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The Microgrid as a Service (MaaS) Market was Valued at USD 774.9 Million in 2015 and is Expected to Reach USD 2,241.6 Million by 2022

FEATURED COMPANIES

  • Abb Ltd.
  • Anbaric Transmission, Llc
  • Eaton Corporation Plc
  • Exelon Corporation
  • General Electric
  • Green Energy Corp.
  • MORE

“The MaaS market is likely to grow at a CAGR of 15.86% during the forecast period”

The microgrid as a service (MaaS) market was valued at USD 774.9 million in 2015 and is expected to reach USD 2,241.6 million by 2022, at a CAGR of 15.86% during the forecast period. The market growth can be attributed to the reduction in operational costs and negligible upfront investments by MaaS end users, rising demand for MaaS from hospitals, universities, and remote regions and high investments by governments in microgrid infrastructure for improved resilience. However, dominance of customer-owned microgrids and policies, regulations, and standards are some of the key challenges in the global MaaS market. Research into standards is also being conducted for the operation of microgrids and a new generation of energy management systems is being designed to meet the challenges, in particular to meet the requirements of International Standard IEC 61970.

“The software as a service segment is expected to grow at the highest CAGR during the forecast period”

The market for software as a service is expected to grow at the highest CAGR between 2016 and 2022. With software as a service project management services, microgrid owners have a single point of accountability and a reduced risk of project delays and failures. This results in a safer, more reliable, and more cost-efficient microgrid system. Some of the companies such as Siemens AG and Green Energy Corporation have launched a new Microgrid Software as a Service (MaaS) platform designed for smaller power operators such as university campuses, industrial and commercial sites, municipalities, and utilities.

“The market in APAC is expected to grow at the highest rate during the forecast period”

The microgrid as a service market in APAC is currently following a successful growth curve, in terms of electricity consumption, for rural electrification and industrial applications. In APAC, the demand for energy, particularly electricity, is growing rapidly than the rate of expansion of conventional electricity grids in the developed world. The development of industrial sector and power infrastructure in these regions offer many opportunities for market players involved in the market for microgrid as a service. Omnigrid Micropower Company Pvt. Ltd. (India), BYD Company Ltd. (China), ABB India, Schneider Electric India, Azure Power, SELCO India, and Husk Power Systems, among others, are the major players in the ecosystem of the microgrid as a service market in APAC. Moreover, the Americas is expected to be the largest market in 2016 compared to other regions in the MaaS market. The U.S. is considered to be the largest market for microgrids as a service, globally. The market in the U.S. is constantly undergoing changes and developments, especially in the power supply sector. Microgrids are being increasingly deployed for several government programs, private sector, and institutions. The increase in the number of successful deployments of microgrids not only indicates the benefits received over conventional grid systems but also decrease the risk of unexpected power failure.

Below is the breakdown of primary participants profile by different parameters considered:

  • By Company Type: Tier 1 - 18%, Tier 2 - 50%, and Tier 3 - 32%
  • By Designation: C-Level Executives - 28%, Directors - 25%, and Others - 47%
  • By Region: Americas - 44%, Europe - 22%, APAC - 28%, and RoW- 6%

The major companies operating in the global MaaS market include ABB Ltd. (Switzerland), General Electric (U.S.), Siemens AG (Germany), Eaton Corp. PLC (Ireland), Exelon Corp. (U.S.), NRG Energy, Inc. (U.S.), Anbaric Transmission (U.S.), Pareto Energy (U.S.), Spirae, Inc. (U.S.), Green Energy Corporation (U.S.), SolarCity Corporation (U.S.), Schneider Electric SE (France), Duke Energy Corporation (U.S.), and Northern Power Systems Corp. (U.S.),among others.

Research Coverage:

In this report, various segments such as grid type, service type, vertical, and geography have been covered. It also discusses about the drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: the Americas, Europe, APAC, and RoW (comprising the Middle East and Africa). The Porter’s five forces analysis has been included in the report, along with the description of each of its forces and their impact on the said market.

Reasons to Buy the Report:

  • This report includes statistics pertaining to the MaaS market, by grid type, vertical, service type, and geography, along with their respective market size (in terms of value).
  • The Porter’s five forces analysis, value chain analysis, and key strategies adopted by the market players have been provided for the MaaS market.
  • Major drivers, restraints, opportunities and, challenges for the MaaS market have been provided in detail in this report.
  • The report includes illustrative segmentation, analysis, and forecast for the MaaS market based on its segments and subsegments.
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FEATURED COMPANIES

  • Abb Ltd.
  • Anbaric Transmission, Llc
  • Eaton Corporation Plc
  • Exelon Corporation
  • General Electric
  • Green Energy Corp.
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for the Global Microgrid as a Service Market
4.2 Microgrid as a Service Market, by Grid Type
4.3 Microgrid as a Service Market, by Vertical
4.4 Microgrid as a Service Market, by Service Type
4.5 Microgrid as a Service Market, by Geography
4.6 Life Cycle Analysis, by Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 by Grid Type
5.2.2 by Service Type
5.2.3 by Vertical
5.2.4 by Geography
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Reduction in Operational Costs and Requirement of Negligible Upfront Investments by MaaS Users
5.3.1.2 Rising Demand for Msaas from Hospitals, Defense, and Remote Areas
5.3.1.3 Availability of Flexi-Pay Options Boosts the Adoption of MaaS Among Low-Income Residential End Users
5.3.1.4 High Investments by Governments in Microgrid Infrastructure
5.3.1.5 Levelized Cost of Electricity (LCOE) for Wind and Solar Pv Systems in the Last Few Years
5.3.2 Restraints
5.3.2.1 Dominance of Customer-Owned Microgrids
5.3.2.2 Policy, Regulations, and Standards
5.3.3 Opportunities
5.3.3.1 Increasing Use of Behind-The-Meter Microgrid Virtual Batteries for Energy Storage
5.3.3.2 Rural Electrification in Apac and Africa
5.3.4 Challenges
5.3.4.1 Lack of Awareness and Training Programs for End-Users
5.3.4.2 Complexities in Planning and Design of Large-Sized Microgrids

6 Industry Trends
6.1 Value Chain Analysis
6.2 Porter’s Five Forces Analysis, 2016
6.2.1 Bargaining Power of Suppliers
6.2.2 Bargaining Power of Buyers
6.2.3 Threat of New Entrants
6.2.4 Threat of Substitutes
6.2.5 Intensity of Competitive Rivalry

7 Microgrid as a Service Market, by Grid Type
7.1 Introduction
7.2 Grid-Connected Type
7.3 Remote/Islanded Type

8 Microgrid as a Service Market, by Vertical
8.1 Introduction
8.2 Government & Education
8.3 Residential & Commercial
8.4 Industrial
8.5 Military
8.6 Utility

9 Microgrid as a Service Market, by Service Type
9.1 Introduction
9.2 Engineering & Design Service
9.3 Software as a Service
9.4 Monitoring & Control Service
9.5 Operation & Maintenance Service

10 Microgrid as a Service Market, by Geography
10.1 Introduction
10.2 Americas
10.2.1 North America
10.2.1.1 U.S.
10.2.1.2 Rest of North America
10.2.2 Latin America
10.2.3 Brazil
10.2.4 Rest of Latin America
10.3 Europe
10.3.1 Western Europe
10.3.1.1 Germany
10.3.1.2 France
10.3.1.3 U.K.
10.3.1.4 Rest of Western Europe
10.3.2 Eastern Europe
10.3.2.1 Russia
10.3.2.2 Rest of Eastern Europe
10.3.3 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Australia
10.4.4 Rest of Apac
10.5 Rest of the World
10.5.1 Middle East
10.5.2 Africa

11 Competitive Landscape
11.1 Introduction
11.2 Ranking of Market Players, 2015
11.3 Competitive Situation and Trends
11.3.1 Partnerships/Collaborations/Agreements
11.3.2 New Product Launches
11.3.3 Expansions

12 Company Profiles
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments) -
12.1 Introduction
12.2 Abb Ltd.
12.3 General Electric
12.4 Siemens Ag
12.5 Eaton Corporation Plc
12.6 Exelon Corporation
12.7 NRG Energy, Inc.
12.8 Pareto Energy
12.9 Spirae, Inc.
12.10 Anbaric Transmission, Llc
12.11 Solarcity Corporation
12.12 Green Energy Corp.
  • Details On Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might not Be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables:
Table 1 Microgrid as a Service Market Segmentation, by Grid Type
Table 2 Microgrid as a Service Market Segmentation, by Service Type
Table 3 Microgrid as a Service Market Segmentation, by Vertical Type
Table 4 Functions & Stakeholders in MaaS Value Chain
Table 5 Microgrid as a Service (MaaS) Market: Porter’S Five Forces Analysis
Table 6 Microgrid as a Service Market, by Grid Type, 2013-2022 (USD Million)
Table 7 Microgrid as a Service Market for Grid-Connected Microgrids, by Region, 2013-2022 (USD Million)
Table 8 Microgrid as a Service Market in Americas for Grid-Connected Microgrids, by Region, 2013-2022 (USD Million)
Table 9 Microgrid as a Service Market for Grid-Connected Microgrids, by Vertical, 2013-2022 (USD Million)
Table 10 Microgrid as a Service Market for Remote/Islavded Microgrids, by Region, 2013-2022 (USD Million)
Table 11 Microgrid as a Service Market in Americas for Remote/Islanded Microgrids, by Region, 2013-2022 (USD Million)
Table 12 Microgrid as a Service Market for Remote/Islanded Microgrids, by Vertical, 2013-2022 (USD Million)
Table 13 Microgrid as a Service Market, by Vertical, 2013-2022 (USD Million)
Table 14 Microgrid as a Service Market for Government & Education Vertical, by Region, 2013-2022 (USD Million)
Table 15 Microgrid as a Service Market in Americas for Government & Education Vertical, by Region, 2013-2022 (USD Million)
Table 16 Microgrid as a Service Market for Government & Education Vertical, by Grid Type, 2013-2022 (USD Million)
Table 17 Microgrid as a Service Market for Residential & Commercial Vertical, by Region, 2013-2022 (USD Million)
Table 18 Microgrid as a Service Market in Americas for Residential & Commercial Vertical, by Region, 2013-2022 (USD Million)
Table 19 Microgrid as a Service Market for Residential & Commercial Vertical, by Grid Type, 2013-2022 (USD Million)
Table 20 Microgrid as a Service Market for Industrial Vertical, by Region, 2013-2022 (USD Million)
Table 21 Microgrid as a Service Market in Americas for Industrial Vertical, by Region, 2013-2022 (USD Million)
Table 22 Microgrid as a Service Market for Industrial Vertical, by Grid Type, 2013-2022 (USD Million)
Table 23 Microgrid as a Service Market for Military Vertical, by Region, 2013-2022 (USD Million)
Table 24 Microgrid as a Service Market in Americas for Military Vertical, by Region, 2013-2022 (USD Million)
Table 25 Microgrid as a Service Market for Military Vertical, by Grid Type, 2013-2022 (USD Million)
Table 26 Microgrid as a Service Market for Utility Vertical, by Region, 2013-2022 (USD Million)
Table 27 Microgrid as a Service Market in Americas for Utility Vertical, by Region, 2013-2022 (USD Million)
Table 28 Microgrid as a Service Market for Utility Vertical, by Grid Type, 2013-2022 (USD Million)
Table 29 Microgrid as a Service Market, by Service Type, 2013-2022 (USD Million)
Table 30 Microgrid as a Service Market for Engineering & Design Service Segment, by Region, 2013-2022 (USD Million)
Table 31 Microgrid as a Service Market in Americas for Engineering & Design Service Segment, by Region, 2013-2022 (USD Million)
Table 32 Microgrid as a Service Market in Europe for Engineering & Design Service Segment, by Region, 2013-2022 (USD Million)
Table 33 Microgrid as a Service Market for Software as a Service Segment, by Region, 2013-2022 (USD Million)
Table 34 Microgrid as a Service Market in Americas for Software as a Service Segment, by Region, 2013-2022 (USD Million)
Table 35 Microgrid as a Service Market in Europe for Software as a Service Segment, by Region, 2013-2022 (USD Million)
Table 36 Microgrid as a Service Market for Monitoring & Control Service Segment, by Region, 2013-2022 (USD Million)
Table 37 Microgrid as a Service Market in Americas for Monitoring & Control Service Segment, by Region, 2013-2022 (USD Million)
Table 38 Microgrid as a Service Market in Europe for Monitoring & Control Service Segment, by Region, 2013-2022 (USD Million)
Table 39 Microgrid as a Service Market for Operation & Maintenance Service Segment, by Region, 2013-2022 (USD Million)
Table 40 Microgrid as a Service Market in Americas for Operation & Maintenance Service Segment, by Region, 2013-2022 (USD Million)
Table 41 Microgrid as a Service Market in Europe for Operation & Maintenance Service Segment, by Region, 2013-2022 (USD Million)
Table 42 Microgrid as a Service Market, by Region, 2013-2022 (USD Million)
Table 43 Microgrid as a Service Market in Americas, by Region, 2013-2022 (USD Million)
Table 44 Microgrid as a Service Market in Americas, by Grid Type, 2013-2022 (USD Million)
Table 45 Grid-Connected Microgrid as a Service Market in Americas, by Region, 2013-2022 (USD Million)
Table 46 Remote/Islanded-Microgrid as a Service Market in Americas, by Region, 2013-2022 (USD Million)
Table 47 Microgrid as a Service Market in Americas, by Vertical, 2013-2022 (USD Million)
Table 48 Microgrid as a Service Market in Americas, by Service Type, 2013-2022 (USD Million)
Table 49 Microgrid as a Service Market in North America, by Vertical, 2013-2022 (USD Million)
Table 50 Microgrid as a Service Market in North America, by Service Type, 2013-2022 (USD Million)
Table 51 Microgrid as a Service Market in North America, by Country, 2013-2022 (USD Million)
Table 52 Microgrid as a Service Market in Latin America, by Vertical, 2013-2022 (USD Million)
Table 53 Microgrid as a Service Market in Latin America, by Service Type, 2013-2022 (USD Million)
Table 54 Microgrid as a Service Market in Latin America, by Country, 2013-2022 (USD Million)
Table 55 Microgrid as a Service Market in Europe, by Region, 2013-2022 (USD Million)
Table 56 Microgrid as a Service Market in Europe, by Grid Type, 2013-2022 (USD Million)
Table 57 Microgrid as a Service Market in Europe, by Vertical, 2013-2022 (USD Million)
Table 58 Microgrid as a Service Market in Europe, by Service Type, 2013-2022 (USD Million)
Table 59 Microgrid as a Service Market in Western Europe, by Country, 2013-2022 (USD Million)
Table 60 Microgrid as a Service Market in Western Europe, by Vertical, 2013-2022 (USD Million)
Table 61 Microgrid as a Service Market in Eastern Europe, by Country, 2013-2022 (USD Million)
Table 62 Microgrid as a Service Market in Eastern Europe, by Vertical, 2013-2022 (USD Million)
Table 63 Microgrid as a Service Market in Rest of Europe, by Vertical, 2013-2022 (USD Million)
Table 64 Microgrid as a Service Market in Apac, by Grid Type, 2013-2022 (USD Million)
Table 65 Microgrid as a Service Market in Apac, by Vertical, 2013-2022 (USD Million)
Table 66 Microgrid as a Service Market in Apac, by Service Type, 2013-2022 (USD Million)
Table 67 Microgrid as a Service Market in Apac, by Country, 2013-2022 (USD Million)
Table 68 Microgrid as a Service Market in Row, by Region, 2013-2022 (USD Million)
Table 69 Microgrid as a Service Market in Row, by Grid Type, 2013-2022 (USD Million)
Table 70 Microgrid as a Service Market in Row, by Vertical, 2013-2022 (USD Million)
Table 71 Microgrid as a Service Market in Row, by Service Type, 2013-2022 (USD Million)
Table 72 Ranking in the MaaS Market, 2015
Table 73 Partnerships/Collaborations/Agreements, 2013-2016
Table 74 New Product Development in the MaaS Market, 2013-2016
Table 75 Expansions in the MaaS Market, 2013-2016
Table 76 Mergers & Acquisitions in the MaaS Market, 2013-2016

List of Figures:
Figure 1 Segmentation of the Microgrid as a Service Market
Figure 2 Microgrid as a Service Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Reduction in Operational Costs and Negligible Upfront Investments Expected to Propel the Microgrid as a Service Market Growth Between 2016 and 2022
Figure 7 Market for Remote/Islanded Microgrids Likely to Grow at a Higher Rate During the Forecast Period
Figure 8 Microgrid as a Servicemarket for Software as a Service Segment Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Microgrid as a Service Market for Industrial Vertical Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 Americas Would Account for the Largest Market Share in 2016
Figure 11 Increasing Opportunities in Residential & Commercial Vertical
Expected to Drive the Global Microgrid as a Service Market During the Forecast Period
Figure 12 Market for Remote/Islandedmicrogrids to Grow at a Higher Rate During the Forecast Period
Figure 13 Residential & Commercial Vertical to Hold the Largest Size of the Global Microgrid as a Service Market During the Forecast Period
Figure 14 Software as a Service Type Expected to Lead the Market During the Forecast Period
Figure 15 Americas to Lead the Microgrid as a Service Market During the Forecast Period
Figure 16 China to Hold the Largest Share of the Microgrid as a Service Market in Apac in 2016
Figure 17 Microgrid as a Service Market in Apac to Be in Its Growth Phase During the Forecast Period
Figure 18 Microgrid as a Service Market, by Geography
Figure 19 Market Dynamics
Figure 20 Microgrids Installed Over the Years by Abb Ltd.
Figure 21 Levelized Cost of Electricity (LCOE) for Wind & Solar Pv Systems (2009 - 2014)
Figure 22 Microgrid as a Service (MaaS) Market: Value Chain Analysis
Figure 23 Porter’s Five Forces Analysis for the Microgrid as a Service (MaaS) Market, 2016
Figure 24 Microgrid as a Service (MaaS) Market: Porter’S Five Forces Analysis
Figure 25 Medium Impact of the Bargaining Power of Suppliers On the MaaS Market, 2016
Figure 26 Medium Impact of the Bargaining Power of Buyers On the MaaS Market, 2016
Figure 27 Low Impact of the Threat of New Entrants On the MaaS Market, 2016
Figure 28 Medium Impact of the Threat of Substitutes On the MaaS Market, 2016
Figure 29 High Impact of the Intensity of Competitive Rivalry On the MaaS Market, 2016
Figure 30 Microgrid as a Service Market, by Grid Type
Figure 31 Asia-Pacific Expected to Exhibit the Highest Growth for Grid-Connected Microgrids During the Forecast Period
Figure 32 Microgrid as a Service Market for Remote/Islanded Microgrids in Latin America Expected to Grow at the Highest Rate During the Forecast Period
Figure 33 Market for Remote/Islanded Microgrids Expected to Grow at the Highest Rate Between During the Forecast Period
Figure 34 Microgrid as a Service Market Segmentation: by Vertical
Figure 35 Microgrid as a Service Market for Industrial Vertical Expected to Grow at the Highest Rate During the Forecast Period
Figure 36 Microgrid as a Service Market in Asia-Pacific for Government & Education Vertical to Grow at the Highest Rate During the Forecast Period
Figure 37 Market for Remote/Islanded Microgrids for Residential & Commercial Vertical to Grow at the Highest Rate During the Forecast Period
Figure 38 Americas Expected to Hold the Largest Market Size Microgrid as a Servicefor Military Vertical by 2022
Figure 39 Microgrid as a Service Market, by Service Type
Figure 40 Microgrid as a Servicemarket for Software as a Service Segment Expected to Grow at the Highest Rate During the Forecast Period
Figure 41 Market for Software as a Service Segment in Western Europe Expected to Hold the Largest Market Size During the Forecast Period
Figure 42 Market in Asia-Pacific for Operation & Maintenance Service Segment Expected to Grow at the Highest Rate During the Forecast Period
Figure 43 Microgrid as a Service Market in Asia-Pacific Is Expected to Grow at the Highestrate Microgrid as a Serviceduring the Forecast Period
Figure 44 Microgrid as a Service Market in India Estimated to Grow at the Highest Rate Between 2016 and 2022
Figure 45 Microgrid as a Service Market: by Region
Figure 46 Segmentation: Americas
Figure 47 Snapshot of Market in Americas: Increasing Demand for Reliable and Secure Power Supply Is Driving the Market
Figure 48 Segmentation: Europe
Figure 49 Market in Eastern Europe Expected to Grow at the Highest Rate During the Forecast Period
Figure 50 Segmentation: Apac
Figure 51 Snapshot of Market in Apac : Rural Electrification Is the Main Factor Driving the Demand for Microgrids in This Region
Figure 52 Segmentation: Rest of the World
Figure 53 Middle East Expected to Hold the Largest Size of the Microgrid as a Service Market in Row During the Forecast Period
Figure 54 Key Growth Strategies Adopted by the Top Companies, 2013-2016
Figure 55 Market Evaluation Framework: Partnerships/Collaborations/Agreements Fuelled Growth and Innovation Between 2014 and 2016
Figure 56 Battle for Market Share: Partnerships/Collaborations/Agreements Were the Key Strategies
Figure 57 Geographic Revenue Mix of the Major Players in the Microgrid as a Service Market, 2015
Figure 58 Abb Ltd.: Company Snapshot
Figure 59 Abb Ltd.: SWOT Analysis
Figure 60 General Electric: Company Snapshot
Figure 61 General Electric: SWOT Analysis
Figure 62 Siemens Ag: Company Snapshot
Figure 63 Siemens Ag: SWOT Analysis
Figure 64 Eaton Corporation Plc: Company Snapshot
Figure 65 Eaton Corporation Plc: SWOT Analysis
Figure 66 Exelon Corporation: SWOT Analysis
Figure 67 NRG Energy, Inc.: Company Snapshot
Figure 68 Solarcity Corporation: Company Snapshot
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  • Abb Ltd.
  • Anbaric Transmission, Llc
  • Eaton Corporation Plc
  • Exelon Corporation
  • General Electric
  • Green Energy Corp.
  • NRG Energy, Inc.
  • Pareto Energy
  • Siemens Ag
  • Solarcity Corporation
  • Spirae, Inc.
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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