Certified Global Research Member

Key Questions Answered

Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the key challenges in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major playersâ€™ financial performance.
Evaluate strategies adopted by major players.
Recommendations

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.

Microgrid as a Service Market Share

ID: MRFR//1342-HCR | 110 Pages | Author: Ankit Gupta| November 2024

Microgrid as a Service (MaaS) is opportunely entering the energy landscape as a major participant, aspiring to be a new alternative that is flexible and versatile in comparison to traditional power systems. MaaS providers in the quickly developing market are promptly taking at different market share situating strategies in order to tend to their shortcoming, distinguish themselves and the rest of the competition as the self-acclaimed absolute.

A major strategy followed by such agencies towards differentiation is which if favors of special features and capabilities that they have and that what others do not have, that keeps them aside. This cover integrated advanced control framework, integration with renewable energy sources or newly innovative financing model. Through the bespoke services which help to differentiate one firm from its competitors, this specific segment of customers who appreciate these services become the loyal customer base of the company thus placing it at the top of its market niche.

Another strategic way is about becoming lowest cost suppliers through alignment that will make MaaS company a most inexpensive option in the market. Cost reducing by attaining economies of scale, improving throughput of operating cycles, and by using fresh technologies can be a part of the cost reduction. This strategy is envisaged to attract larger number of customers who are also able to meet budget needs while having reliable microgrid installations.

Collaboration as well as partnership carrying out significant role in analysis too. Beside MaaS experts they often cooperate with innovative suppliers, energy enterprises or even government agencies in the spirit of delivery expansion. These alliances do not only reinforce the competencies of the MaaS suppliers but also they aid them looking into new market and segments teaser.

Where centers are geographically situated and developed remains other factors that are used to decide the core areas of competence for a share. Accomplishing this by being focused on the areas or countries that predominate the microgrid solutions would enable MaaS providers to design their solution in a context-cognizant way, taking the peculiarities and how they are governed as main drivers. This creates a more competitive and comprehensive way to employ resources which in the end give market players a more thorough perception of the local market dynamics.

Furthermore, the client segmentation proves to be one of the key tactics in an MaaS market, seating. The mixed bespoke needs of diverse customer strata encourages providers to offer solutions that can be appropriately adjusted. For instance, industrial customers tend to focus on reliability and flexibility whereas, the domestic market is more price oriented with energy affordability and sustainability at a centre ground. Similarly through providing alternatives to the conventional transportation modes, MaaS manufacturers may therefore immensely serve the needs of each market segment.

Innovation is the core for occupied prosperity to MaaS providers. The result of being aware of latest technological upgrades benefiting from artificial intelligence, energy storage development and network optimization is offering advanced smart solutions to the customers. An innovative mindset is continuously innovative as well as a condition for the clients’ satisfaction and also the suppliers’ staying competitive in a fast-paced economy.

Covered Aspects:

Report Attribute/Metric	Details
Base Year For Estimation	2022
Historical Data	2018- 2022
Forecast Period	2023-2032
Growth Rate	17.27% (2023-2032)

Microgrid as a Service Market Highlights:

Microgrid as a Service Market Trends

Microgrid as a Service Market Analysis

Microgrid as a Service Market Share

Microgrid as a Service Companies

Microgrid as a Service Market Overview

The Microgrid as a Service Market is projected to grow from USD 2.47 billion in 2024 to USD 7.55 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.96% during the forecast period (2024 - 2032). Additionally, the market size for microgrid as a service was valued at USD 2.11 billion in 2023.

The growth in the market will be attributed to the increasing government support, the growing need for better power systems, and the drive of Microgrid as a service market growth offers because the implementation of microgrids in multiple industries are the key market drivers enhancing the market growth.

Figure 2: Microgrid as a Service Market Size, 2024-2032 (USD Billion)

Microgrid as a Service Market Overview1

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Microgrid as a Service Market Trends

Rapid advances in technology are driving the market growth

Vendors in the market are adopting advanced technologies in the energy generation process. This is leading to the development of flexible and scalable microgrids. For instance, in February 2020, Canopy Power launched the latest version of its Hornbill technology platform for monitoring and managing remote microgrid systems in Singapore.

The platform provided by Canopy includes three major components: real-time monitoring, remote management, and advanced analytics. These technologies help minimize operation and maintenance costs, maximize uptime, and increase project bank ability. Similarly, some vendors adopt blockchain technology in microgrids to enable peer-to-peer network transactions. Such technological advances are expected to impact the market's growth during the forecast period positively. This factor drives the market CAGR.

Additionally, microgrid services market has a huge growth because of the low cost and reliable service. This is an ideal solution for consumers looking for something that is reliable and cost-saving. The continuous technological demands in the market drive the growth rate of Microgrid as a Service Market Analysis. Some other factors that drive the market are an uptick in consumer demand arising out of severe weather fluctuations, a reduction in the price of distributed generation, and state incentive programs.

The market growth will be attributed to the increasing government support and the growing need for better power systems. The drive of Microgrid as a Service Market Growth offers because of the implementation of microgrids in multiple industries. This is used in multiple sectors, for example, wind, solar, geothermal, biomass, fossil fuel, etc. It is used to generate and supply electricity to a local community or a military base. Thus, driving the Microgrid as a Service market revenue.

Microgrid as a Service Market Segment Insights

Microgrid as Grid Type Insights

Based on grid type, the global Microgrid as Service market segmentation includes Grid-connected, Islanded. The islanded segment dominated the market, as it permits facilities to gain better and manages distributed power sources.

Figure 2: Microgrid as a Service Market, by Grid Type, 2022 & 2032(USD billion)

Microgrid as a Service Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Microgrid as Service Type Insights

The global Microgrid as a Service market segmentation, based on Service Type, includes Software as a Service, Monitoring & Control Service, and Operation & Maintenance Service. The software as a service segment dominated the market; using SaaS solutions results in a safer, more reliable, and power-efficient microgrid system. It allows microgrid owners to have a single point of accountability and reduced risk of project delays and failures. This makes the management of Software easier for microgrid users such as universities, companies, manufacturers, communities, and utilities. Such benefits drive the growth of the Software as a service segment during the forecast period.

Microgrid Service Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific Microgrid as a Service Market will dominate this market, owing Industrial players are awaited to seize chances in developing the Region; observing industrial sector development will boost the Region's market growth. Moreover, China’s Microgrid as a Service market held the largest market share, and the Indian Microgrid as a Service market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: MICROGRID AS A SERVICE MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Microgrid as a Service market accounts for the second-largest market share due to the expanding necessity of improved power foundation and the government's start to reestablish energy. Further, the German Microgrid as a Service market held the largest market share, and the UK Microgrid as a Service market was the fastest-growing market in the European Region.

The North American Microgrid as a Service market area is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanded creation rates, excellent force, and safe mechanical tasks.

Microgrid as a Service Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Microgrid as a Service market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. Microgrid as a Service industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Microgrid as a Service industry to benefit clients and increase the market sector. The Microgrid as a Service industry has offered some of the most significant advantages in recent years. Major players in the Microgrid as a Service market, including General Electric (U.S.), Exelon Corp. (U.S.), Eaton Corp. PLC (Ireland), Northern Power Systems Corp. (U.S.), Spirae, Inc. (U.S.), NRG Energy, Inc. (U.S.), Schneider Electric SE (France), ABB Ltd. (Switzerland), Siemens AG (Germany), and Duke Energy Corporation (U.S.)., and others, are attempting to increase market demand by investing in research and development operations.

Siemens AG is a German multinational technology conglomerate. Its operations encompass automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, rail transport solutions, health technology and digital healthcare services. Siemens and a renewable energy developer, juwi, entered into a strategic technology partnership to focus on microgrids in the mining industry. Both companies aim to roll out and continuously develop advanced microgrid control systems that will seamlessly integrate power from renewable energy to a mine's off-grid power supply.

Rolls-Royce Power Systems AG is a German company owned by Rolls-Royce Holdings with holdings in engine manufacturing brands and facilities. The company previously traded, from 2006 to 2014, as Tognum AG. Rolls-Royce Power Systems announced that they would partner with technology company ABB for microgrid technology and advanced automation advancements. Both companies aim to create an energy-efficient microgrid solution for commercial and industrial companies.

Key Companies in the Microgrid as a Service market include

General Electric (U.S.)

Exelon Corp. (U.S.)

Eaton Corp. PLC (Ireland)

Northern Power Systems Corp. (U.S.)

Spirae Inc. (U.S.)

NRG Energy Inc. (U.S.)

Schneider Electric SE (France)

ABB Ltd. (Switzerland)

Siemens AG (Germany)

Duke Energy Corporation (U.S.)

Microgrid as a Service Industry Developments

Nov 2019: Siemens and a renewable energy developer, juwi, entered into a strategic technology partnership to focus on the microgrids in the mining industry. Both companies aim to roll out and continuously develop advanced microgrid control systems that will seamlessly integrate power from renewable energy to a mine's off-grid power supply.

Apr 2019: Rolls-Royce Power Systems announced that they will partner with technology company ABB for microgrid technology and advanced automation advancements. Both companies aim to create an energy-efficient microgrid solution for commercial and industrial companies.

Microgrid as a Service Market Segmentation

Microgrid as a Service Grid Type Outlook

Grid-connected

Islanded

Microgrid as a Service Type Outlook

Software as a Service

Monitoring & Control Service

Operation & Maintenance Service

Microgrid as a Service Regional Outlook

North America

Canada

Europe

Germany

France

Italy

Spain

Rest of Europe

Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific

Rest of the World
- Middle East
- Africa
- Latin America

Microgrid as a Service Companies

Leading companies partner with us for data-driven Insights

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
	Single User	$ 4,950
	Multiuser License	$ 5,950
	Enterprise User	$ 7,250
Compare Licenses

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.

FEATURES	LICENCE TYPE
FEATURES	Single User	Multiuser Licence	Enterprise User
Price	$ 4,950	$ 5,950	$ 7,250
Maximum User Access Limit	1 User	Upto 10 Users	Unrestricted Access Throughout The Organization.
Free Customization
Direct access to the Analyst
Deliverable Format
Deliverable Format
Platform Access
Discount on Your Next Purchase	10%	15%	10%
Printable Versions