Microgrid as a Service Market Size – By Grid Type (Remote/Islanded Microgrids and Grid-connected Microgrids), By Service Type (Design and Engineering, Operation and Maintenance, Monitoring and Control, Energy-as-a-Service (EaaS) and Others), By End-user (Commercial and Industrial, Military, Government and Municipalities, Healthcare, Utilities and Others) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-29
- NO OF PAGES
- 295
- CATEGORY
- Electronics & Communication
Market Overview
The Microgrid as a Service market report is predicted to develop at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2034, when global Microgrid as a Service market forecast size is projected to reach USD 2.95 Billion in 2034, based on an average growth pattern. The global Microgrid as a Service market revenue is estimated to reach a value of USD 11.27 Billion in 2024.
SOURCE: We Market Research
The Global
Microgrid as a Service (MaaS) Market is experiencing robust growth due to the
increasing adoption of distributed energy systems, renewable energy
integration, and advancements in microgrid technology. The service-based
approach will attract organizations seeking flexible and cost-effective energy
solutions. Microgrid as a Service (MaaS) offers a unique value proposition by
enabling organizations to deploy microgrid solutions without significant
upfront capital investment, leveraging a service-based model. Microgrid as a
Service is a service model where third-party providers design, build, operate,
and maintain microgrids for customers, often under a long-term contract.
Customers pay for the energy or services provided by the microgrid rather than
owning the infrastructure.
Global Microgrid as a Service Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 2.95 Billion |
|
Market
Forecast in 2034 |
USD 11.27 Billion |
|
CAGR % 2024-2034 |
13.4% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Grid Type,
By Service Type and By End-user and By
Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics
& Restraints
Global Microgrid as a Service Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Microgrid as a Service market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Microgrid as a Service Market Segmentation
Market- By Grid Type Analysis
By Grid Type, the Microgrid as a Service market share is categories into Remote/Islanded Microgrids and Grid-connected Microgrids. Remote/Islanded Microgrids segment dominates the market with the largest share, accounting for over 57% of the market in 2023. This segment is particularly significant in areas where access to a central grid is limited or unavailable. It plays a vital role in electrifying remote and rural areas, islands, and regions with poor infrastructure. The growing focus on rural electrification and the increasing adoption of renewable energy sources, such as solar and wind, are driving demand for islanded microgrids. These grids provide an independent energy supply and are less susceptible to disruptions.
The
following segments are part of an in-depth analysis of the global Microgrid as
a Service market:
|
Market Segments |
|
|
By Grid
Type |
·
Remote/Islanded Microgrids ·
Grid-connected Microgrids |
|
By Service
Type |
·
Design and Engineering ·
Operation and Maintenance ·
Monitoring and Control ·
Energy-as-a-Service (EaaS) ·
Others |
|
By End-user |
·
Commercial and Industrial ·
Military ·
Government and Municipalities ·
Healthcare ·
Utilities ·
Others |
Microgrid as a Service Industry: Regional Analysis
North America Market Forecast
The U.S. and Canada are leading the adoption of MaaS solutions due to policies encouraging energy independence, sustainability, and resilience. The U.S. Infrastructure Investment and Jobs Act (IIJA) and Clean Energy Standard are major incentives for microgrid development. North America is heavily investing in integrating solar and wind power, where MaaS solutions offer stability to the grid and help balance the fluctuating energy supply from renewables. The increasing frequency of natural disasters (wildfires, hurricanes, and blackouts) has accelerated the demand for resilient energy systems, particularly in California, Texas, and Puerto Rico. North America is expected to continue dominating the global MaaS market due to technological advancements, funding opportunities, and a growing focus on energy resilience.
Europe Market Statistics
Europe is
committed to achieving net-zero emissions by 2050, and microgrids are key to
this strategy. The EU’s Green Deal and national energy policies are pushing the
integration of renewable energy and microgrids. Programs like Horizon 2020 and
EU Green Deal Investment Plan are incentivizing MaaS solutions. Major European
cities like London, Berlin, and Paris are integrating MaaS solutions into their
smart city initiatives to enhance urban energy resilience and efficiency. High
penetration of renewable energy in countries like Germany and Denmark boosts
the need for decentralized energy systems that MaaS can provide.
Asia Pacific Market Forecasts
APAC has
significant rural and off-grid areas, especially in India, Indonesia, and the
Philippines, where MaaS solutions are critical for providing reliable energy.
India’s Power for All initiative is a major driver for microgrid development. With
rapid industrialization, countries like China, Japan, and South Korea are
adopting MaaS to improve grid reliability and manage energy costs in factories,
data centers, and large commercial sectors. The frequent occurrence of natural
disasters, such as typhoons, floods, and earthquakes, in countries like Japan
and the Philippines has increased the need for resilient microgrids.
Middle East & Africa Market Statistics
In regions like
Africa, where many areas still lack reliable electricity, microgrids provide an
affordable solution for energy access. Countries like Kenya, Nigeria, and South
Africa are leading in adopting MaaS solutions for rural electrification. The
UAE and Saudi Arabia are driving adoption in the Middle East, focusing on
energy diversification and sustainability as part of their Vision 2030 plans. The
oil-rich regions in the Middle East are also adopting MaaS for their industrial
applications to ensure energy reliability in isolated facilities and improve
sustainability.
Latin America Market Statistics
Similar to APAC,
countries in Latin America, such as Brazil and Mexico, have large rural areas
with limited grid access, where MaaS solutions can provide reliable power. Latin
America has high renewable energy potential, particularly from solar and wind,
making it a good fit for microgrid integration. Countries like Chile and Brazil
are already integrating renewable microgrids to enhance energy access and
sustainability. Programs like Mexico’s National Energy Strategy and Brazil's
PROINFA support renewable energy projects, including microgrids.
Key Market Players
The Global Microgrid as a
Service Market is dominated by a few
large companies, such as
·
Siemens AG
·
Schneider Electric
·
ABB Ltd.
·
General Electric
·
Eaton Corporation
·
Spirae, LLC
·
PowerSecure, Inc.
·
Northern Power System Corporation
·
Pareto Energy
·
Anbaric Transmission
·
Aggreko
·
Caterpillar Inc.
·
Others
1.
Global
Microgrid as a Service Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Microgrid as a Service
Market Scope and Market Estimation
1.2.1. Global Microgrid as a Service Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Microgrid as a Service
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Grid Type of Global Microgrid as
a Service Market
1.3.2. Service Type of Global Microgrid
as a Service Market
1.3.3. End-user of Global Microgrid as
a Service Market
1.3.4. Region of Global Microgrid as a
Service Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Microgrid as a Service
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Microgrid as a Service
Market Estimates & Forecast Trend
Analysis, by Grid Type
4.1. Global Microgrid as a Service
Market Revenue (US$ Bn) Estimates and Forecasts, by Grid Type, 2019 - 2034
4.1.1. Remote/Islanded Microgrids
4.1.2. Grid-connected Microgrids
5.
Global Microgrid as a Service Market Estimates & Forecast Trend
Analysis, by Service Type
5.1. Global Microgrid as a Service
Market Revenue (US$ Bn) Estimates and Forecasts, by Service Type, 2019 - 2034
5.1.1.Design
and Engineering
5.1.2.Operation
and Maintenance
5.1.3.Monitoring
and Control
5.1.4.Energy-as-a-Service
(EaaS)
5.1.5.Others
6.
Global Microgrid as a Service
Market Estimates & Forecast Trend
Analysis, by End-user
6.1. Global Microgrid as a Service
Market Revenue (US$ Bn) Estimates and Forecasts, by End-user, 2019 - 2034
6.1.1.Commercial
and Industrial
6.1.2.Military
6.1.3.Government
and Municipalities
6.1.4.Healthcare
6.1.5.Utilities
6.1.6.Others
7.
Global Microgrid as a Service
Market Estimates & Forecast Trend
Analysis, by Region
7.1. Global Microgrid as a Service
Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America Microgrid as a Service Market: Estimates & Forecast Trend Analysis
8.1.
North
America Microgrid as a Service Market Assessments & Key Findings
8.1.1. North America Microgrid as a
Service Market Introduction
8.1.2. North America Microgrid as a
Service Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
8.1.2.1. By Grid Type
8.1.2.2. By Service Type
8.1.2.3. By End-user
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe Microgrid as a Service Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Microgrid as a
Service Market Assessments & Key Findings
9.1.1. Western Europe Microgrid as a
Service Market Introduction
9.1.2. Western Europe Microgrid as a
Service Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Grid Type
9.1.2.2. By Service Type
9.1.2.3. By End-user
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Microgrid
as a Service Market: Estimates &
Forecast Trend Analysis
10.1. Eastern Europe Microgrid as a
Service Market Assessments & Key Findings
10.1.1. Eastern Europe Microgrid as a
Service Market Introduction
10.1.2. Eastern Europe Microgrid as a
Service Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Grid Type
10.1.2.2. By Service Type
10.1.2.3. By End-user
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Microgrid
as a Service Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Microgrid as a
Service Market Introduction
11.1.2. Asia Pacific Microgrid as a
Service Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Grid Type
11.1.2.2. By Service Type
11.1.2.3. By End-user
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Microgrid
as a Service Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Microgrid
as a Service Market Introduction
12.1.2. Middle
East & Africa Microgrid
as a Service Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Grid Type
12.1.2.2. By Service Type
12.1.2.3. By End-user
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South Africa
12.1.2.4.5. Rest of
MEA
13. Latin America Microgrid as a Service Market:
Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Microgrid as a
Service Market Introduction
13.1.2. Latin America Microgrid as a
Service Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Grid Type
13.1.2.2. By Service Type
13.1.2.3. By End-user
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Microgrid as a Service
Market Product Mapping
15.2. Global Microgrid as a Service Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
15.3. Global Microgrid as a Service
Market Tier Structure Analysis
15.4. Global Microgrid as a Service
Market Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. Siemens AG
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. Schneider Electric
16.3. ABB Ltd.
16.4. General Electric
16.5. Eaton Corporation
16.6. Spirae, LLC
16.7. PowerSecure, Inc.
16.8. Northern Power
System Corporation
16.9. Pareto Energy
16.10. Anbaric
Transmission
16.11. Aggreko
16.12. Caterpillar Inc.
16.13. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Microgrid as a Service Market in 2024?
Microgrid as a Service Market was valued at USD 2.95 Billion in 2024.
What is the growth rate for the Microgrid as a Service Market?
Microgrid as a Service Market size will increase at approximate CAGR of 13.4% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Siemens AG, Schneider Electric, ABB Ltd., General Electric, Eaton Corporation, Spirae, LLC, PowerSecure, Inc., Northern Power System Corporation and others.
Which region dominates the Microgrid as a Service Market?
North America dominates the market with an active share of 48%.
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