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Microgrid-As-A-Service Market Size and Forecast 2023-2032| Metco Engineering Inc., Husk Power Systems Pvt Ltd., and Anbaric Development Partners LLC.

The Business Research Company’s Microgrid-As-A-Service Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Microgrid-As-A-Service Global Market Report 2023 evaluates microgrid-as-a-service market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global microgrid-as-a-service market is expected to grow from $1.83 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The microgrid-as-a-service market is expected to reach $3.66 billion in 2027 at a CAGR of 14.6%.

The surge in electricity consumption is expected to propel the growth of the microgrid-as-a-service market going forward. Electricity is an electrical current sent through lines and used for heating, lighting, and powering machinery. A surge in electricity consumption is expanding the microgrid-as-a-service by reducing long-term energy expenditures, upgrading essential energy infrastructure without costing money, and enhancing energy dependability. For instance, in April 2023, according to the Energy Information Administration, a US-based primary federal statistical system organization, the overall electricity end-use utilization in the United States in 2022 was around 2.6% higher than in 2021. Similarly, in 2022, industrial sector retail electricity sales increased by roughly 0.7% from 2021. Therefore, the surge in electricity consumption is driving the microgrid-as-a-service market.

Get More Information On The Microgrid-As-A-Service Market Report:

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The microgrid-as-a-service market segments in the report are:

1) By Service Type: Engineering And Design Service, Software As A Service, Monitoring And Control Services, Operation And Maintenance Services

2) By Grid Type: Remote Or Islanded Type, Grid-Connected Type

3) By Vertical: Utility, Residential And Commercial, Military, Industrial, Other Verticals

The table of contents in TBRC’s microgrid-as-a-service market report includes:

1. Executive Summary

2. Microgrid-As-A-Service Market Characteristics

3. Microgrid-As-A-Service Market Trends And Strategies

4. Microgrid-As-A-Service Market – Macro Economic Scenario)

5. Microgrid-As-A-Service Market Segmentation

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26. South America Microgrid-As-A-Service Market

27. Brazil Microgrid-As-A-Service Market

28. Middle East Microgrid-As-A-Service Market

29. Africa Microgrid-As-A-Service Market

30. Microgrid-As-A-Service Market Competitive Landscape And Company Profiles

Top Major Players:

  • Siemens AG
  • General Electric Company
  • Caterpillar Inc
  • Schneider Electric SE
  • NRG Energy Inc

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