Microgrid-As-A-Service Market Projected Growth Rate Through 2023-2032

The Microgrid-As-A-Service Global Market Report 2023, provides comprehensive information on the microgrid-as-a-service market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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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%.

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Technological advancements are a key trend gaining recognition in the microgrid-as-a-service market. Major companies operating in the microgrid-as-a-service market are concentrating on creating revolutionary products to improve their market share. For instance, in January 2021, Schneider Electric SE, a France-based microgrid-as-a-service solutions and management company, launched EcoStruxure Microgrid Solution. EcoStruxure Microgrid Solution is a one-stop solution that enables the simple integration of distributed energy resources (DERs) across facilities such as industrial and commercial structures, healthcare establishments, and colleges and universities, providing businesses with increased energy resiliency, reduced utility bills, and a lower environmental impact. It has been developed to assist enterprises in managing the increased grid intricacy that has resulted from the surge in DERs. The notable characteristics are control of grid connections, off-grid mode preparation, and demand fee reduction.

The microgrid-as-a-service market is segmented:

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

Top Major Players:
Siemens AG
General Electric Company
Caterpillar Inc
Schneider Electric SE
NRG Energy Inc

North America was the largest region in the microgrid-as-a-service market in 2022.

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. Global Microgrid-As-A-Service Market Size and Growth
………………………………………………………………….
32. Global Microgrid-As-A-Service Market Competitive Benchmarking
33. Global Microgrid-As-A-Service Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Microgrid-As-A-Service Market
35. Microgrid-As-A-Service Market Future Outlook and Potential Analysis
36. Appendix

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