The global demand for Energy As A Service Market is presumed to reach the market size of nearly USD 124.6 MN by 2028 from USD 69.94 MN in 2021 with a CAGR of 8.6% under the study period 2022 - 2028.
Energy as a service refers to the business model which provides different energy-related services as well as energy optimisation solutions to businesses. It includes the management of different energy portfolios, sale of energy, technology, analytics, program management, asset management, access to the grid and personalised services. Customers can pay for an energy service without any upfront capital investment. It provides awareness toward better management and installation of distributed generation sources. It assists in making energy-efficient upgrades without the traditional financial hurdles. It reduces buildings’ energy costs and decreases carbon emissions.
Market Dynamics
The key factor driving the demand for energy as a service market is an increase in digitalisation and smart metering. Rapid urbanisation and industrialisation are surging the demand for this market. Growth in renewable energy adoption and an increase in smart grid installations are fostering the demand for this market. In addition, the growing demand for energy and the rising need to reduce the dependency on fossil fuels and minimise the carbon footprint is augmenting the demand for this market. Increasing investment in energy distribution systems led to a rise in demand for distributed energy resources which expanded the growth of this market. Furthermore, an increasing initiative by the government regarding the adoption of renewable sources of energy and the availability of state tax benefits for energy efficiency projects are boosting the growth of this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of energy as a service. The growth and trends of energy as a service industry provide a holistic approach to this study.
Market Segmentation
This section of the energy as a service market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service Type
- Energy Supply Services
- Maintenance & Operation
- Energy Efficiency & Optimization
By End User
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Energy As A Service market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Energy As A Service Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the energy as a service market include Veolia, Honeywell International Inc., EDF Renewables, and Enel X. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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