Australia Energy-as-a-Service Market to Witness an Outstanding Growth by 2030

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐄𝐧𝐞𝐫𝐠𝐲-𝐚𝐬-𝐚-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Transparency Market Research delivers key insights on the Energy-as-a-Service market in Australia. In terms of revenue, the Energy-as-a-Service market in Australia is estimated to expand at a CAGR of 8.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the Energy-as-a-Service market in Australia.
The Energy-as-a-Service market in Australia has been positively impacted by the rise in demand for cost-effective and reliable energy solutions. The Energy-as-a-Service model provides consumer with energy from third-party energy producers without having to make any upfront capital investment. Thus, increase in demand for Energy-as-a-Service model among consumers is propelling the Energy-as-a-Service market in Australia.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/australia-energyasaservice-market.html

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐄𝐧𝐞𝐫𝐠𝐲-𝐚𝐬-𝐚-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

The demand for microgrids has been increasing significantly in Australia due to the rise in the demand for clean energy in the country. The growth of microgrids can also be ascribed to the several benefits associated with them such as:
Improvement in operation and stability of the regional electric grid
Reduced grid "congestion" and peak loads
Rise in competitiveness of RTO market
Offering grid services such as energy, capacity, and ancillary services
Several public and private companies in Australia are investing in the development of microgrid infrastructure due to the rise in awareness about the benefits associated with these microgrids. For instance, in December 2020, APA Group, an Australia-based energy infrastructure business, signed an agreement with Gruyere Gold Mine, to build hybrid energy microgrid worth US$ 38 Mn. The first phase of the project is expected to be commissioned mid-2021. Furthermore, the Government of Australia awarded US$ 13.2 Mn for feasibility studies of microgrid, as part of an effort to boost grid reliability and provide electricity in remote areas across the continent.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81342

Rise in investments in the development of microgrid infrastructure, owing to an increase in demand for clean energy is anticipated to propel the Energy-as-a-Service market in Australia during the forecast period, as the Energy-as-a-Service model covers capital costs through third-party ownership and leaves microgrid users with less operational expenses.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐔𝐬𝐚𝐠𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲-𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐄𝐧𝐞𝐫𝐠𝐲-𝐚𝐬-𝐚-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Greenhouse gas emissions have been increasing significantly in Australia due to direct combustion of fossil fuels. According to the OECD stats, GHG emissions in Australia increased from 530.7 kilo tons of CO2 equivalent in 2006 to 558.04 kilo tons of CO2 equivalent in 2018. Electricity, transportation, industry, construction, and agriculture are some of the key sources of greenhouse gas emissions. The rise in usage of energy-efficient technologies to lower greenhouse gas emissions is estimated to provide lucrative opportunities to companies operating in the Energy-as-a-Service Market in Australia.
The Government of Australia has formulated several strategies to reduce carbon emissions by promoting the utilization of energy-efficient technologies across the country. For instance, National Construction Code has been introduced in Australia. The code sets minimal obligatory requirements for energy efficiency. Furthermore, the government has formulated several funding programs to promote the integration of energy-efficiency technology in establishments to lower carbon emissions. For instance, in September 2020, the Prime Minister of Australia announced plans to invest US$ 1.9 Bn in clean energy technologies to lower emissions, create jobs, cut costs, and improve energy supply. The package includes funding for:

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=81342

A new Technology Co-Investment Fund to support agriculture, manufacturing, industrial, and transport sector businesses who adopt renewable technologies, which help increase production and reduce emissions
Support for microgrids in regional and remote communities
Increase in home and business energy productivity
The formulation of several strategies to promote the adoption of energy-efficient technologies for carbon emission reduction is anticipated to create significant opportunities for the Energy-as-a-Service market in Australia.

𝐒𝐚𝐯𝐞 𝐮𝐩 𝐭𝐨 𝟐𝟎% 𝐛𝐲 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 -
https://www.transparencymarketresearch.com/checkout.php?rep_id=81342<ype=S

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐄𝐧𝐞𝐫𝐠𝐲-𝐚𝐬-𝐚-𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Currently, the penetration of the Energy-as-a-Service business model in Australia is low. However, companies are investing significantly in the Energy-as-a-Service market in Australia due to its high potential. This is expected to boost the demand for the Energy-as-a-Service model in Australia during the forecast period.
Major players operating in the Energy-as-a-Service market in Australia are Schneider Electric SE, GENERAL ELECTRIC, ENGIE, Edison International, Enertika, Solari Energy, Energy Action, ERM Power Limited, Enel X S.r.l., and Ecosave.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 - Waste Management Market is Estimated to Progress at a CAGR of 4.1% during the Forecast Period 2022-2031

𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 - Hydrogen Storage System Market is Estimated to Progress at a CAGR of 11.9% during the Forecast Period 2021-2031

𝐃𝐢𝐬𝐭𝐫𝐢𝐜𝐭 𝐂𝐨𝐨𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 - District Cooling Market is Estimated to Progress at a CAGR of 7.8% during the Forecast Period 2022-2031

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Nikhil Sawlani
Transparency Market Research Inc.
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