MRFR Press Release/- Market research future published a half cooked research report on Microgrid as a Service Market. Microgrid as a Service MarketĀ is projected to grow fromĀ USDĀ 2.47Ā billionĀ in 2024 toĀ USDĀ 7.55Ā billionĀ by 2032, exhibiting a compound annual growth rateĀ (CAGR) ofĀ 14.96% during the forecast period (2024 - 2032).
Market Highlights
The Microgrids as a Service Market is registering healthy growth due to various benefits offered by Microgrids such highly reliability, economical & efficient energy power , enhancement of renewable energy sources and smart grid integration among others. The autonomous working nature of Microgrid provides great benefits to communities that have no access to electricity.Ā
Microgrid as a solution combines solar panels, batteries and controllable load in order to meet the requirements of industrial, residential or consumer loads anywhere in the world. The Solution also provides dynamic monitoring, scalability, and control to improve energy output. Microgrid as a solution offers electricity at affordable rate and helps in reducing the economic losses from electricity outages in emergency situation.
Some of major key players in Microgrid as a Service Market such as ABB Ltd. (Switzerland), General Electric (U.S.), Siemens AG (Germany), Eaton Corp. PLC (Ireland), Schneider Electric SE (France) among others are investing in renewable energy solution such as Microgrid thus supporting the market of Microgrid as a Service.
In November, 2016, American Electric Power (AEP) announced to invest around 52$ million to build utility Microgrids as part of a smart city design for Columbus, Ohio.
Global Microgrid as a Service Market has been valued at US $772 million in the year 2015 which is expect to grow at US $~2.2 billion by the end of forecasted period with CAGR of approx. ~16%.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 108 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on āThe Global Microgrid as a Service Market Research Report -Forecast to 2022ā.
Microgrid as a Service Market:The Microgrid as a Service Market is having significant growth in many area where continuous power is must such as industries, remote areas, hospitals and universities among others. Many government and private agencies are investing in Microgrid as a service solution to provide quality energy and to utilize the renewable energy resources.
The Major Key players of Microgrid as a Service Market are: 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.) and among others.
Market Research Analysis:
Market Research Future Analysis shows that Microgrid as a Service Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~16%.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by process, by application users and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2016 |
Companies Covered | 15 |
Pages | 110 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.