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Staggering Growth in Global Energy-as-a-Service Market: Potent Market Drivers and Anticipated Trends for 2024-2029

01-28-2025 11:41 AM CET | Chemicals & Materials

Press release from: The Business Research Company

Energy-as-a-Service Market Size

Energy-as-a-Service Market Size

The rapid rise in global energy consumption partnered with major trends and drivers are significantly marking up the prosperity of the Energy-as-a-Service Market.

What Is The Projected Market Size Of The Global Energy-as-a-Service Market And Its Growth Rate?

• The energy-as-a-service market has shown prolific growth in recent years, soaring up from an impressive $72.53 billion in 2024 to $81.46 billion in 2025, marking a compound annual growth rate (CAGR) of 12.3%. This spree is mainly stimulated by rapid economic growth in emerging markets, swift urbanization, and a noticeable incline in digitization.
• Predictions for the market estimate a continued vigorous growth, surging to $130.57 billion in 2029 at a CAGR of 12.5%. Key determinants for this optimistic forecast include rapid industrialization, increased government support, and a rise in distributed energy resources.

What Is Driving The Growth In The Energy-as-a-Service Market?

The perpetual rise in energy consumption worldwide is chiefly propelling the growth of the energy-as-a-service market. The incessant demand for energy in various sectors, including transportation, lighting, and heating in buildings, as well as for agriculture, manufacturing, and mining, is a significant contributor. Concretely, primary energy consumption recorded a notable peak in 2023, scaling up by 2% as compared to 2022, reaching 620 Exajoules (EJ), as reported by DieselNet.

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Who Are The Key Players Driving Energy-as-a-Service Market Growth?

Key market players include:

• Schneider Electric SE
• Veolia Environment S.A.
• Engie SA
• Enel S.p.A
• Siemens AG
• Honeywell International Inc.
• EDF
• Bernhard Energy Solutions
• AltaGas Ltd
• Johnson Controls International PLC
• China Shenhua Energy Company
• Envision Energy

What Are The Key Trends In The Energy-as-a-Service Market?

Key trends include:

- Focus on artificial intelligence
- Emergence of virtual power plants
- Focus on battery energy storage
- Use of cloud technology
- New subscription-based services
- Strategic partnerships and collaborations
- Increasing investments

What Are The Segments Of The Global Energy-as-a-Service Market?

1. By Service: Energy Supply Services, Operation And Maintenance, Optimization And Efficiency Services
2. By Provider: Utility Service Provider, Third Party Provider
3. By End User: Residential, Commercial, Industrial

Which Region Leads The Energy-as-a-Service Market?

North America was the largest region in the Energy-as-a-Service Market in 2024 and is anticipated to be the fastest-growing region in the coming years. The regions explored in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Energy-as-a-Service Market Global Market Report?

- Market Size Analysis: Analyze the Energy-as-a-Service Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Energy-as-a-Service Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Energy-as-a-Service Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Energy-as-a-Service Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

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