Energy-as-a-Service Market Report 2023 : Analysis By Major Manufacturers, Competitive Landscape And Outlook 2032 | Schneider Electric SE, Engie SA, Siemens AG, Honeywell International Inc., Veolia Environnement S.A

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Energy As A Service Global Market Report 2023 identifies an increase in renewable energy generation as the major driver for the Energy As A Service market's growth in the forecast period. The usage of renewable energy is increasing, and this will increase the energy as a service market. For instance, according to the International Energy Agency, a France-based intergovernmental organization, the share of renewables in global electricity generation jumped to 29% in 2020, up from 27% in 2019. Also, renewable electricity generation in 2021 increased by more than 8% to reach 8,300 TWh.

The global energy as a service market size grew from $57.32 billion in 2022 to $64.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The energy as a service market size is expected to grow to $100.17 billion in 2027 at a CAGR of 11.7%.

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Major competitors in the Energy As A Service market are Schneider Electric SE, Engie SA, Siemens AG, Honeywell International Inc., Veolia Environnement S.A, Enel X, EDF Renewable Energy, Johnson Controls International, Bernhard Energy, Edison Energy, SmartWatt, Entegrity , Enertika, Ameresco, Centrica, Ameresco, Duke Energy Corporation , Solarus, Spark Community Investment Co, and Contemporary Energy Solutions.

A key trend in the Energy As A Service market includes partnerships and agreements among companies. The companies operating in the energy as a service market are undergoing partnerships and agreements to meet consumer demand. For instance, in August 2021, the Engie group signed an agreement with Google LLC, a US-based multinational technology company, to provide carbon-free electricity in Germany. The agreement will help Google meet its carbon-free energy goals for its data centers, cloud regions, and offices throughout the world by 2030. Engie will assemble and negotiate an energy portfolio to supply Google with renewable energy (solar and wind) to ensure that all of its German activities are approximately 80 percent carbon-free by 2022. Engie SA is a France-based utility company that operates in the fields of the energy transition, electricity generation, distribution, natural gas, nuclear, renewable energy, and petroleum.

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The Energy As A Service market is segmented -
By Component: Solutions, Services

By End-User: Commercial, Industrial

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Energy As A Service market.

The Business Research Company's "Global Energy As A Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Energy As A Service Market Include:
1. Executive Summary
2. Energy As A Service Market Characteristics
3. Energy As A Service Market Trends And Strategies
4. Energy As A Service Market - Macro Economic Scenario
5. Energy As A Service Market Size And Growth
……
26. Africa Energy As A Service Market
27. Energy As A Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Energy As A Service Market
29. Energy As A Service Market Future Outlook and Potential Analysis
30. Appendix

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