Microgrid as a Service Market is expected to grow at a significant rate during the forecast period 2019-2025. Microgrid is referred as a separate transmission and distribution network that is associated with the grid or operating in isolation. This system controls on distributed power generation systems and exploits nearby accessible properties. MaaS is a remotely accommodated microgrid control service that is intended for utilities, campuses, infrastructures, and institutions to provide advanced optimization monitoring and control of circulated energy. The global MaaS market is influenced by the rising demand for MaaS in hospitals, defense, and remote areas. Moreover, the increasing funding from the government for the MaaS infrastructure propels the growth of the market. However, certain factors such as the strict regulations and policies related to MaaS are restraining the growth of the MaaS market. The global MaaS market is influenced by the rising demand for MaaS in hospitals, defense, and remote areas. Moreover, the increasing funding from the government for the MaaS infrastructure propel the growth of the market. However, certain factors such as the strict regulations and policies related to MaaS are restraining the growth of the Microgrid as a Service market.

The global MaaS market is segmented on the basis of service type, and end-use. Based on grid type the global MaaS market classified into remote type and grid-connected type. The remote type segment has significant market growth in the MaaS market. The remote type MaaS provide services to manage distributed energy sources and control for energy requirements. The service type segment is further classified into design service, monitoring service, and maintenance service. The monitoring service has considerable growth in the MaaS market. On the basis of application, the MaaS market is segmented into industrial, military & defense, residential & commercial, and others (utility). The industrial segment has a significant share in the MaaS market due to offers various advantages in an industrial application such as reliability, quality power supply, access to electricity and others.

Moreover, the global Microgrid as a Service market is segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America estimated to have a significant market share in the global MaaS market due to significant funding by the government for the MaaS infrastructure. Asia-Pacific has significant growth in the MaaS market owing to the rising awareness towards the reliable and easily accessible supply of electricity and power.

The major players that contribute to the growth of the global Microgrid as a Service market include Duke Energy Corp., Exelon Corp., Northern Power Systems Corp., Siemens AG, Spirae, LLC, Schneider Electric and others. By adopting various market strategies such as product launch, merger & acquisition, partnerships collaborations, and others, these market players are gaining a strong position in the market. For instance, in June 2018, Siemens AG and Solarkiosk partnered to provide microgrid solutions in Africa. This partnership would enable in obtaining the sustainable position of the company in the MaaS market.

Research Methodology:

The market study of global Microgrid as a Service market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended to MaaS services providers, transmission system operators, energy storage vendors, smart grid software vendors, solar PV companies, government agencies, and others, provide sector for overall market analysis and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers, initial norms.

Market Segmentation:

1. Global MaaS Market Research and Analysis, By Grid Type
2. Global MaaS Market Research and Analysis, Service Type
3. Global MaaS Market Research and Analysis, By Application

The Report Covers:

• Comprehensive research methodology of the global Microgrid as a Service market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global Microgrid as a Service market.
• Insights about market determinants which are stimulating the global Microgrid as a Service market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.