Press release
Energy as a Service (EaaS) Market 2022 Emerging Players, Growth Analysis and Precise Outlook with Expert Review
The global energy as a service market is predicted to touch USD 51.8 billion at a stellar 31.2% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis. Energy as a service or EaaS is a form of business model where customers pay for energy services without having to make any upfront capital investment.
Various factors are fuelling the energy as a service market share. As per the recent MRFR market estimates, such factors include the growing adoption of distributed energy resources, decarbinization of global economy, the transformation of transportation sector through electrification like launch of electric cars, increased focus on sustainable energy, the advancements of integrated distributed energy resources, leveraging data analytics and AI in the EaaS market, new revenue generation streams for utilities, rising distributed energy resources, falling cost of renewable power generation and storage solutions, and the availability of state and federal tax benefits for energy efficiency projects.
On the contrary, lack of high level of skilled expertise, impact of the COVID-19 pandemic on the economy, and high deployment cost to transform the existing grid infrastructure are factors that may limit the global energy as a service market growth over the forecast period.
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Energy as a Service Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global energy as a service market based on end user and component.
By component, the global energy as a service market is segmented into services and solutions. The solution segment is again bifurcated into optimization solution, load management, building optimization solutions, off-site energy supply, on-site energy supply, and energy portfolio advisory solution. The services segment is further bifurcated into technical and maintenance services, infrastructure services, and other support services. Of these, the services segment will lead the market over the forecast period.
By end user, the global energy as a service market is segmented into industrial, government, and residential. The industrial segment is again bifurcated into small and medium enterprises and large enterprises.
Energy as a Service Market Regional Analysis
By region, the global energy as a service market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Among these, Europe will possess the lions share in the market in the forecast period. The presence of energy service providers, increasing adoption of renewable source of energy consumption, the large-scale generation of renewable energy, and the developed industrial sector are adding to the global energy as a service market growth in the region.
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In North America, the global energy as a service market will have a healthy growth over the forecast period. Rapid developments such as data analytics and artificial intelligence, improving demand energy response among residential and industrial areas in Canada and the US, increasing adoption of the service in the foreseeable future, the consolidation of established industries, need for energy efficiency and optimized energy costs, government have rolled out law enforcement for the adoption of energy efficient measures that has opened new avenues, the presence of key players in the US, the shift towards renewable energy, and increased energy consumption are adding to the global energy as a service market growth in the region.
In the APAC region, the global energy as a service market is predicted to have promising growth over the forecast period. Increasing renewable energy projects, rapid industrialization and urbanization, and exponential population are adding to the global energy as a service market growth in the region.
In RoW, the global energy as a service market is predicted to have sound growth over the forecast period.
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Energy as a Service Market Key Players
The leading players profiled in the global energy as a service market report include -
JOHNSON CONTROLS (IRELAND)
DUKE ENERGY (US)
EDF RENEWABLE 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)
ENEL X (ITALY)
SMARTWATT (US)
BERNHARD ENERGY (US)
ENERTIKA (SPAIN)
SOLARUS (NETHERLANDS)
CONTEMPORARY ENERGY SOLUTIONS (US)
HONEYWELL (US)
VEOLIA (FRANCE)
EDISON (CALIFORNIA)
ALPIQ (SWITZERLAND)
ENTEGRITY (US)
NORESCO (US)
WENDEL ENERGY SERVICES (US).
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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