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

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Date: 07-Dec-2016
No. of pages: 150
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“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 Micro power 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.

Belowis 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 sub segments.

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

Table of Contents

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 Market, By Grid Type
4.3 Market, By Vertical
4.4 Market, By Service Type
4.5 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 Negligible Upfront Investments for the MaaS End-Users
5.3.1.2 Rising Demand for MaaS From Hospitals, Defense & Remote Communities
5.3.1.3 Flexi-Pay Options Will Boosts the Adoption of MaaS Among Low Income Residential End-Users
5.3.1.4 High Investments By Governments in Microgrid Infrastructure for Improved Resilience
5.3.1.5 Decline in Levelized Cost of Electricity (LCoE) for Wind and Solar PV in Last Few Years
5.3.2 Restraints
5.3.2.1 Dominance of Customer-Owned Microgrids Might Obstruct the Adoption of MaaS Market
5.3.2.2 Policy, Regulations and Standards
5.3.3 Opportunities
5.3.3.1 Virtual Batteries for Behind the Meter Energy Storage
5.3.3.2 Rural Electrification in APAC and Africa Regions
5.3.4 Challenges
5.3.4.1 Lack of Awareness and Proper Training Among End-Users
5.3.4.2 Complexities in Planning and Design of Large-Size 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 UK
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 Scenario and Trends
11.3.1 Partnership/Collaboration/ Agreement
11.3.2 New Product Development
11.3.3 Expansions

12 Company Profiles
12.1 Introduction
12.2 ABB Ltd.
12.2.1 Business Overview
12.2.2 Solutions Offered
12.2.3 Recent Developments
12.2.4 MnM View
12.2.4.1 SWOT Analysis
12.3 General Electric
12.3.1 Business Overview
12.3.2 Solutions Offered
12.3.3 Recent Developments
12.3.4 MnM View
12.3.4.1 SWOT Analysis
12.4 Siemens AG
12.4.1 Business Overview
12.4.2 Solutions Offered
12.4.3 Recent Developments
12.4.4 MnM View
12.4.4.1 SWOT Analysis
12.5 Eaton Corporation PLC
12.5.1 Business Overview
12.5.2 Solutions Offered
12.5.3 Recent Developments
12.5.4 MnM View
12.5.4.1 SWOT Analysis
12.6 Exelon Corporation
12.6.1 Business Overview
12.6.2 Solutions Offered
12.6.3 Recent Developments
12.6.4 MnM View
12.6.4.1 SWOT Analysis
12.7 NRG Energy, Inc.
12.7.1 Business Overview
12.7.2 Solutions Offered
12.7.3 Recent Developments
12.8 Pareto Energy
12.8.1 Business Overview
12.8.2 Solutions Offered
12.8.3 Recent Developments
12.9 Spirae, Inc.
12.9.1 Business Overview
12.9.2 Solutions Offered
12.9.3 Recent Developments
12.10 Anbaric Transmission, LLC
12.10.1 Business Overview
12.10.2 Solutions Offered
12.10.3 Recent Developments
12.11 Solarcity Corporation
12.11.1 Business Overview
12.11.2 Solutions Offered
12.11.3 Recent Developments
12.12 Green Energy Corp.
12.12.1 Business Overview
12.12.2 Solutions Offered
12.12.3 Recent Developments

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
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 Market Segmentation, By Service Type
Table 3 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 Market for Grid Connected Microgrids, By Region, 2013–2022 (USD Million)
Table 8 Americas Microgrid as A Service Market for Grid Connected Microgrids, By Region, 2013–2022 (USD Million)
Table 9 Market for Grid Connected Microgrids, By Vertical, 2013–2022 (USD Million)
Table 10 Market for Remote/Islavded Microgrids, By Region, 2013–2022 (USD Million)
Table 11 Americas Microgrid as A Service Market for Remote/Islanded Microgrids, By Region, 2013–2022 (USD Million)
Table 12 Market for Remote/Islanded Microgrids, By Vertical, 2013–2022 (USD Million)
Table 13 Market, By Vertical, 2013–2022 (USD Million)
Table 14 Market for Government & Education Vertical, By Region, 2013–2022 (USD Million)
Table 15 Americas Microgrid as A Service Market for Government & Education Vertical, By Region, 2013–2022 (USD Million)
Table 16 Market for Government & Education Vertical, By Grid Type, 2013–2022 (USD Million)
Table 17 Market for Residential & Commercial Vertical, By Region, 2013–2022 (USD Million)
Table 18 Americas Microgrid as A Service Market for Residential & Commercial Vertical, By Region, 2013–2022 (USD Million)
Table 19 Market for Residential & Commercial Vertical, By Grid Type, 2013–2022 (USD Million)
Table 20 Market for Industrial Vertical, By Region, 2013–2022 (USD Million)
Table 21 Americas Microgrid as A Service Market for Industrial Vertical, By Region, 2013–2022 (USD Million)
Table 22 Market for Industrial Vertical, By Grid Type, 2013–2022 (USD Million)
Table 23 Market for Military Vertical, By Region, 2013–2022 (USD Million)
Table 24 Americas Microgrid as A Service Market for Military Vertical, By Region, 2013–2022 (USD Million)
Table 25 Market for Military Vertical, By Grid Type, 2013–2022 (USD Million)
Table 26 Market for Utility Vertical, By Region, 2013–2022 (USD Million)
Table 27 Americas Microgrid as A Service Market for Utility Vertical, By Region, 2013–2022 (USD Million)
Table 28 Market for Utility Vertical, By Grid Type, 2013–2022 (USD Million)
Table 29 Market, By Service Type, 2013–2022 (USD Million)
Table 30 Market for Engineering & Design Service Segment, By Region, 2013–2022 (USD Million)
Table 31 Americas Microgrid as A Service Market for Engineering & Design Service Segment, By Region, 2013–2022 (USD Million)
Table 32 Europe Microgrid as A Service Market for Engineering & Design Service Segment, By Region, 2013–2022 (USD Million)
Table 33 Market for Software as A Service Segment, By Region, 2013–2022 (USD Million)
Table 34 Americas Microgrid as A Service Market for Software as A Service Segment, By Region, 2013–2022 (USD Million)
Table 35 Europe Microgrid as A Service Market for Software as A Service Segment, By Region, 2013–2022 (USD Million)
Table 36 Market for Monitoring & Control Service Segment, By Region, 2013–2022 (USD Million)
Table 37 Americas Microgrid as A Service Market for Monitoring & Control Service Segment, By Region, 2013–2022 (USD Million)
Table 38 Europe Microgrid as A Service Market for Monitoring & Control Service Segment, By Region, 2013–2022 (USD Million)
Table 39 Market for Operation & Maintenance Service Segment, By Region, 2013–2022 (USD Million)
Table 40 Americas Microgrid as A Service Market for Operation & Maintenance Service Segment, By Region, 2013–2022 (USD Million)
Table 41 Europe Microgrid as A Service Market for Operation & Maintenance Service Segment, By Region, 2013–2022 (USD Million)
Table 42 Market, By Region, 2013–2022 (USD Million)
Table 43 Market in Americas, By Region, 2013–2022 (USD Million)
Table 44 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 Market in Americas, By Vertical, 2013–2022 (USD Million)
Table 48 Market in Americas, By Service Type, 2013–2022 (USD Million)
Table 49 Market in North America, By Vertical, 2013–2022 (USD Million)
Table 50 North America Microgrid as A Service Market, By Service Type, 2013–2022 (USD Million)
Table 51 Market in North America, By Country, 2013–2022 (USD Million)
Table 52 Market in Latin America, By Vertical, 2013–2022 (USD Million)
Table 53 Latin America Microgrid as A Service Market, By Service Type, 2013–2022 (USD Million)
Table 54 Market in Latin America, By Country, 2013–2022 (USD Million)
Table 55 Market in Europe, By Region, 2013–2022 (USD Million)
Table 56 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 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 Market in Western Europe, By Vertical, 2013–2022 (USD Million)
Table 61 Market in Eastern Europe, By Country, 2013–2022 (USD Million)
Table 62 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 Market in APAC, By Grid Type, 2013–2022 (USD Million)
Table 65 Market in APAC, By Vertical, 2013–2022 (USD Million)
Table 66 Market in APAC, By Service Type, 2013–2022 (USD Million)
Table 67 Market in Asia Pacific, By Country, 2013–2022 (USD Million)
Table 68 Microgrid as A Service Market in RoW, By Region, 2013–2022 (USD Million)
Table 69 Market in RoW, By Grid Type, 2013–2022 (USD Million)
Table 70 Market in RoW, By Vertical, 2013–2022 (USD Million)
Table 71 Market in RoW, By Service Type, 2013–2022 (USD Million)
Table 72 Ranking in the MaaS Market, 2015
Table 73 Partnerships/Collaboration/Agreement, 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 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Major Players Comprising in Each Stage of Value Chain
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Reduction in Operational Costs and Negligible Upfront Investments in Expected to Drive Growth in Market
Figure 8 Remote/Islanded Grid Type Likely to Grow at A Higher Rate During Forecast Period
Figure 9 Market for Software as A Service Type Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 Market for Industrial Vertical Expected to Grow at the Highest Rate During the Forecast Period
Figure 11 Americas Would Account for the Largest Market Share in 2016
Figure 12 Increasing Opportunities in Residential & Commercial Vertical is Expected to Drive Global Market During the Forecast Period
Figure 13 Market for Remote/Islanded Grid Type to Grow at the Highest Rate During the Forecast Period
Figure 14 Residential & Commercial Vertical to Dominate the Global Market During the Forecast Period
Figure 15 Market for Software as A Service Type to Grow at the Highest Rate During the Forecast Period
Figure 16 Americas to Lead the Market During the Forecast Period
Figure 17 China to Hold the Largest Share of the Market in APAC in 2016
Figure 18 Market in APAC to Be in Its Growth Phase During the Forecast Period
Figure 19 Market, By Geography
Figure 20 Market Dynamics
Figure 21 ABB Project List: Microgrids Installed Over the Years
Figure 22 Decline in the Levelized Cost of Electricity (LCoE) for Wind & Solar PV (2009 — 2014)
Figure 23 Microgrid as A Service (MaaS) Market: Value Chain Analysis
Figure 24 Porter’s Five Forces Analysis of the Microgrid as A Service (MaaS) Market, 2016
Figure 25 Microgrid as A Service (MaaS) Market: Porter’s Five Forces Analysis
Figure 26 Medium Impact of the Bargaining Power of Suppliers on the MaaS Market, 2016
Figure 27 Medium Impact of the Bargaining Power of Buyers on the MaaS Market, 2016
Figure 28 Low Impact of the Threat of New Entrants on the MaaS Market, 2016
Figure 29 Medium Impact of the Threat of Substitutes on the MaaS Market, 2016
Figure 30 High Impact of the Intensity of Competitive Rivalry on the MaaS Market, 2016
Figure 31 Market, By Grid Type
Figure 32 Asia Pacific is Expected to Exhibit Highest Growth for Grid Connected Microgrids During the Forecast Period
Figure 33 Microgrid as A Service Market for Remote/Islanded Microgrids in Latin America is Expected to Exhibit Highest Growth During the Forecast Period
Figure 34 Remote/Islanded Type of Microgrid is Expected to Grow at the Highest Rate Between During the Forecast Period
Figure 35 Market Segmentation: By Vertical
Figure 36 Industrial Vertical is Expected to Grow at the Highest Rate During the Forecast Period
Figure 37 Market for Government & Education Vertical in Asia Pacific to Grow at the Highest Rate During the Forecast Period
Figure 38 Remote/Islanded Type of Microgrid in Residential & Commercial Vertical to Grow at the Highest Rate During the Forecast Period
Figure 39 Americas is Expected to Be Largest Market for Microgrid as A Service in Military Vertical By 2022
Figure 40 Market, By Service Type
Figure 41 Market, for Software as A Service Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 42 Europe Market for Software as A Service Segment in the Western Europe Expected to Hold the Largest Market Share During the Forecast Period
Figure 43 Asia Pacific Market for Operation & Maintenance Service Segment in Expected to Grow at the Highest CAGR During the Forecast Period
Figure 44 Asia Pacific is Expected to Show High Growth in the Global Market During the Forecast Period
Figure 45 India Estimated to Grow at the Highest Rate Between 2016 and 2022 in the Overall Microgrid as A Service Market
Figure 46 Market: By Region
Figure 47 Segmentation: the Americas
Figure 48 Americas Market Snapshot: Increasing Demand for Reliable and Secure Power Supply is Driving the Market
Figure 49 Segmentation: Europe
Figure 50 Eastern Europe is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 51 Segmentation: APAC
Figure 52 APAC Market Snapshot: Rural Electrification is the Main Factor Driving the Demand for Microgrids in This Region
Figure 53 Segmentation: Rest of the World
Figure 54 Middle East Leads the RoW Market During the Forecast Period
Figure 55 Key Growth Strategies Adopted By the Top Companies, 2013–2016
Figure 56 Market Evaluation Framework- Partnership/ Collaboration/ Agreement Fuelled Growth and Innovation Between 2014 and 2016
Figure 57 Battle for Market Share: Partnership/ Collaboration/ Agreement Were the Key Strategies
Figure 58 Geographic Revenue Mix of the Major Players in the Microgrid as A Service Market, 2015
Figure 59 ABB Ltd.: Company Snapshot
Figure 60 ABB Ltd.: SWOT Analysis
Figure 61 General Electric: Company Snapshot
Figure 62 General Electric: SWOT Analysis
Figure 63 Siemens AG: Company Snapshot
Figure 64 Siemens AG: SWOT Analysis
Figure 65 Eaton Corporation PLC: Company Snapshot
Figure 66 Eaton Corporation PLC: SWOT Analysis
Figure 67 Exelon Corporation: SWOT Analysis
Figure 68 NRG Energy, Inc.: Company Snapshot
Figure 69 Solarcity Corporation.: Company Snapshot

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