Energy-as-a-Service Market: Global Industry Share, Top Key Players, Regional Study, Upcoming Trends and Growth Segments 2027| Industry Overview by Top Players - Schneider Electric, Engie, Siemens, Honeywell, Veolia, Enel, EDF Renewable Energy, WGL Energy,

Energy-as-a-Service (EaaS) is a delivery model that combines hardware, software, and service whereby a service provider (either traditional ESPs or new ones, such as information and communications technology (ICT) companies) offers various energy-related services rather than only supplying electricity. The rising problem from carbon emission can only be tackled by renewables and energy as a service has escalated the opportunity for decentralized energy distribution option.

In addition, increasing government investments in sponsoring renewable sources coupled with surging investment by energy service providers in smart grid and smart metering system industries are anticipated to drive the growth of the market over the forecast period.

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The outbreak of COVID-19 had adverse impact on the Energy as a Service market. Severe health crisis across the world and several casualties that led to lockdown across the globe. Hence, disrupted the installation of smart meter in developing regions coupled with the health emergency across the globe has impacted the nations financially as well that reduces the funds from investing in upgradation of smart grids. Hence, decrease the adoption of Energy as a Service in various end-user industries.

According to UnivDatos Market Insights (UMI)' research report "global Energy as a Service", the market is expected to witness a robust growth during the forecast period 2021-2027F. Energy as a Service market catered considerable market in the past few years and expected to have substantial growth rate in the forecast period as well. Factors surging the demand for EaaS are the growing installation of distributed electricity generation and storage technologies, along with the widespread availability of "smart" devices has provided the basis for the development of new energy-related services. In addition, increase in digitalization and rising installation of smart meters in residential, industrial, and commercial sector has helped in converting energy related data into value for the power system which in turn has surged the market opportunities for Energy as a Service across the globe.

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Based on Service Type, the energy as a service market is segmented into energy supply services, operational and maintenance services, and energy efficiency and optimization services. The energy supply services captured significant share in the market owing to the increasing electricity prices, the consumers are looking to procure resilient energy supply to ensure that they can operate without the grid. As energy as a service model mainly supports renewable energy and gives the consumers the flexibility of choice on ownership, pricing, and financing.

Based on End-User, the energy as a service market is classified into industrial, commercial, and residential. The commercial segment is expected to hold the significant market share and is likely to showcase robust growth during the forecast period with energy service implementations being mandated across global regions in the commercial sector. This is mainly because of significant structural impacts, namely, economic growth. Furthermore, commercial consumers will have access to their energy efficiency through energy as a service that will, in turn, help them improve their energy consumption on multiple uses.

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North America to witness extensive growth
Based on region, the report provides detail analysis for overall adoption of Energy as a Service in major region including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America holds the significant market share due to the surging demand for services such as providing demand-energy response solution mainly owing to the growing commercial sector and implementation of energy efficiency projects.

According to UnivDatos Market Insights (UMI)', the key players with a considerable market share in the global Energy as a Service market are Schneider Electric, Engie, Siemens, Honeywell, Veolia, Enel, EDF Renewable Energy, WGL Energy, Johnson Control, General Electric. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

In May 2019, Engie was awarded an energy efficiency performance contract by UAC Berhad, a Malaysian manufacturing company, to improve energy efficiency by more than 18% electricity costs savings, up to 520 tons of CO2 per year. The agreement was signed to improve the energy efficiency of the compressed air system at UAC. ENGIE intends to strengthen its capabilities for energy as a service.

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"Global Energy as a Service Market" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters.

This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

Market Segmentations:
1. By Service Type (Energy Supply Services, Operational and Maintenance Services, Energy Efficiency and Optimization Services)
2. By End-User (Industrial, Commercial and Residential)
3. By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
4. By Company (Schneider Electric, Engie, Siemens, Honeywell, Veolia, Enel, EDF Renewable Energy, WGL Energy, Johnson Control, General Electric)

Key questions answered in the study:
1. What are the current and future trends of the global Energy as a Service industry?
2. How the industry has been evolving in terms of service type and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global Energy as a Service industry?
5. What is the customer orientation, purchase behavior, and expectations from the global Energy as a Service supplier across various region and countries?

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Email: pawnendra@univdatos.com
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

This release was published on openPR.