The microgrid as a service market is forecasted to grow by USD 8658.3 mn during 2023-2028, accelerating at a CAGR of 16.83% during the forecast period. The report on the microgrid as a service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for microgrids, increasing government support and growing need for better power systems, and several benefits of microgrid as a service.
Technavio's microgrid as a service market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
14.01%
CAGR
16.83%
Incremental Value
$8658.3mn
By Service Type
Software as a service
Monitoring and control services
Engineering and design services
By Type
Remote
Grid-connected
Networked
By Geography
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the rapid advances in technology as one of the prime reasons driving the microgrid as a service market growth during the next few years. Also, rise in demand for monitoring and optimization services to develop sustainable power grids and growing use of microgrids in military applications will lead to sizable demand in the market.
The report on the microgrid as a service market covers the following areas:
Microgrid as a service market sizing
Microgrid as a service market forecast
Microgrid as a service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microgrid as a service market vendors that include ABB Ltd., Aggreko Plc, AIO Systems Ltd., Anbaric Development Partners LLC, Canopy Power, Capstone Green Energy Corp., Duke Energy Corp., Eaton Corp. Plc, Emerson Electric Co., Enchanted Rock LLC, ENGIE SA, General Electric Co., General MicroGrids, Metco Engineering, NRG Energy Inc., Pareto Energy, Schneider Electric SE, Siemens AG, Spirae LLC, Tech Mahindra Ltd., and Tesla Inc.. Also, the microgrid as a service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Service Type
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Microgrid As A Service Market 2018 - 2022
Historic Market Size - Data Table on Global Microgrid As A Service Market 2018 - 2022 ($ million)
4.2 Service Type segment analysis 2018 - 2022
Historic Market Size - Service Type Segment 2018 - 2022 ($ million)