Press release
Energy as a Service (EaaS) Market 2019 Size, Industry Growth, Share, Opportunities, Emerging Technologies, Competitive Landscape, Future Plans and Global Trends by Forecast 2023
Market Highlights:
Rapid developments in technology has created a revolutionary impact in the energy and power sector. Power utility companies such as Duke Energy and Engie are significantly investing in providing clean energy services to the customer of all segments (residential, commercial, and government). The advancement in grid infrastructure and rising need to provide clean and highly efficient energy supply has led to the emergence of energy as a service(EaaS).
EaaS is an emerging concept, currently at a nascent stage in emerging economies, that include management of different energy portfolio, energy supply, program management, energy use, asset management, and others. Moreover, for the EaaS market to span across a wider consumer base and fuel its adoption in every sector, energy and service providers are adopting a collaborative approach with third-party vendors, potential business model disruptors, funding and procurement solutions like solar PV power purchase agreements, and others. In addition, North America, particularly the US and Canada are increasingly focused on providing demand-energy response solution with the help of federal policies and standards that are significantly gaining pace in the growth of EaaS market.
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Key Players
• Duke Energy (US),
• EDF Energy (UK),
• Edison International (US),
• Engie (France),
• Southern Company (US),
• Schneider Electric SE (France),
• General Electric (US),
• Siemens AG (Germany),
• WGL Energy (US),
• Orsted (Denmark).
Some other companies that have also gained a significant market share in the EaaS market include Enel X (Italy), SmartWatt (US), Bernhard Energy (US), Enertika (Spain), Solarus (Netherlands), and Contemporary Energy Solutions (US).
According to MRFR, The global Energy As A Service Market was valued USD 10.6 billion in 2017 and is presumed to reach approximately USD 51.8 billion by 2023 with a CAGR of 31.2% during the forecast period (2018–2023).
The market growth for global EaaS market include rising adoption of distributed energy resources (DER), decarbonization of global economy, transformation of transportation sector through electrification such as introduction of electric vehicles, and increased focus on sustainable energy.
Furthermore, the advancement of integrated distributed energy resource (iDER), leveraging data analytics and artificial intelligence in the EaaS market, are likely to create new avenue streams for the growth of the market. However, high deployment cost to transform the existing grid infrastructure and lack of high level of skilled expertise are some of the factors that hinder the growth of the EaaS market during the forecast period.
Segmentation
The energy as a service market is categorized into component and end user.
Based on component, the EaaS market is segmented into solutions and services. The solution segment is categorized into energy portfolio advisory solution, on-site energy supply, off-site energy supply, building optimization solutions, load management & optimization solution. The services include infrastructure services, technical and maintenance services, and other support services.
Lastly, the end-user segment is categorized into residential, government, and industrial. The industrial segment is further classified into large enterprises and small & medium enterprises.
Regional Analysis
Geographically, the global EaaS market is categorized into North America, Europe, Asia- Pacific, and the rest of the world. North America is expected to have a significant growth in the EaaS market due to federal regulations that emphasize on the demand side of the energy system that has been adopted by many states of the US and Canada. The integration of distributed energy resources (DER) with the existing electrical system and its significant adoption into energy sectors is also gaining a huge popularity in the region. While, the market is dominated by Europe with a significant market share during the forecast year. The market growth in the European region is attributed to encouragement by the governments of the UK, France, and Germany to focus on sustained energy policies and increasing adoption of renewable sources of energy for consumption of decarbonized solutions.
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Target Audience
• Financiers
• Microgrid developers
• Solar PV project developers and technology manufacturers
• Analytics companies
• Consulting companies in the power sector
• Distributed Energy Resources (DER) technology manufacturers
• Energy management companies
• Energy service companies
List of Tables
Table 1 Global Energy as a Service (EaaS)Market: By Region, 2018-2023
Table 2 North America Energy as a Service (EaaS)Market: By Country, 2018-2023
Table 3 Europe Energy as a Service (EaaS)Market: By Country, 2018-2023
Table 4 Asia-Pacific Energy as a Service (EaaS)Market: By Country, 2018-2023
Table 5 Middle East & Africa Energy as a Service (EaaS)Market: By Country, 2018-2023
Table 6 Latin America Energy as a Service (EaaS)Market: By Country, 2018-2023
Table 7 Global Energy as a Service (EaaS)Market by Component: By Regions, 2018-2023
Continued…...
LIST OF FIGURES
FIGURE 1 Global Energy as a Service (EaaS)Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Energy as a Service (EaaS)Market
FIGURE 4 Value Chain of Global Energy as a Service (EaaS)Market
FIGURE 5 Share of Global Energy as a Service (EaaS)Market in 2017, by country (in %)
Continued…...
About Market Research Future:
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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