Microgrid as a Service (MaaS) Market by Grid Type ,Service Type Vertical, and Geography - Global Forecast to 2022
“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.
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Table Of Content-
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 182.2 MARKET SIZE ESTIMATION 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
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