Press release
How Energy as a Service Market will Grow at Highest CAGR
Energy as a Service Market
For More Information and Detailed Scope of this Report, Visit @ https://www.fortunebusinessinsights.com/industry-reports/energy-as-a-service-market-101204
Energy as a service is an encompassment of the sale of energy, analytics, and personalized services. The growing adoption of energy as a service has primarily accounted for due to its ability to reduce the overall cost of building energy. The ability to reduce carbon emissions has led to wider product adoption across the world. The demand for energy as a service has risen drastically in recent years, owing to the increasing efforts taken to reduce global warming. The growing demand for this product in the commercial and industrial sectors will aid the growth of the market in the coming years.
Some of the leading companies that are operating in the market are:
Schneider Electric
Siemens
Honeywell
Veolia
Enel X
EDF Renewable Energy
General Electric
ENGIE
WGL
Edison Energy LLC
SMARTWATT
Bernhard Energy
Centrica Johnson Control
Orsted
The report provides an in-depth analysis of the latest energy as a service market trends. It segments the market based on factors such as service type, end-users, and regional demographics. Leading elements have been highlighted among these criteria. The report discusses the competitive landscape detail. Based on extensive research analysis methods, the report provides forecast values for the market for the period of 2019-2026. The data included in this report is gathered through trusted sources. Analytical data is evaluated through a combination of primary as well as secondary research methods. Besides this, the information is obtained through opinions and interviews of world leaders.
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“Increasing Investment in Optimum Product Use to Aid Market Growth”
The report summarizes several factors that have constituted an increase in energy as a service market size in recent years. The increasing investment in the research and development of this product will fuel the demand. In June 2019, Budderfly announced that it received USD 55 Mn funding for the rapid expansion of energy as a service. The funding would help suffice customer service needs, with regard to installation. Such huge funding will help the company expand on a global scale. This will not only help the company generate substantial energy as a service market revenue in recent years, but will have a direct impact on the growth of the global market in the coming years.
“North America to Hold the Largest Market Share; Increased Renewable Energy Generation to Aid Growth”
On the basis of regional demographics, the market has segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America will witness considerable growth in the coming years. The growing consumption of renewable energy and increased efforts to harness renewable energy will aid the growth of the market in this region. Additionally, the growing efforts taken to optimize the use of renewable energy by the public as well as private organizations will contribute to market growth. Having said that, the market in Asia Pacific will exhibit the highest CAGR in the coming years, driven by the increasing number of construction activities, coupled with the growing demand for energy as a service in this region.
Key Industry Developments:
June 2019: MAN Energy solutions signed a global service agreement with the Wallem Group. The contract involves the supply of generators, turbochargers, spares and services, and abroad vessels that are currently managed by Wallem.
June 2019: Trimark Associates Inc. a leading provider of SCADA, metering, and energy storage technology solutions bagged a contract by the Clearway Energy Group for multisite monitoring and maintenance.
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Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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