Energy as a Service Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2028

The global Energy as a Service market size is expected to reach USD 127.63 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research.

Increasing preference towards decentralized power generation and reduction in costs of renewable power generation are some key factors driving market revenue growth    

According to the most recent analysis by Emergen Research, the size of the worldwide Energy as a Service market is anticipated to reach USD 127.63 billion in 2028 and exhibit a consistent CAGR during the projected period. The steady increase in market income can be linked to the energy sector’s shifting preference for decentralised power generation. Another significant element influencing demand for decentralised energy and supporting revenue growth of the worldwide energy as a service industry is the growing requirement for energy generation in a sustainable, affordable, and reliable manner. Decentralized energy provides businesses, neighbourhood consumers, and communities with more electricity since smaller power plants can be connected to the grid, which is driving up demand for decentralised power distribution services.

The market for energy as a service is expanding due to a number of factors, including an increase in building owners’ efforts to lower energy costs, an increase in renewable energy production, an increase in energy efficiency initiatives, an increase in the adoption of renewable energy sources, and an increase in smart grid installations. On the other hand, it is projected that the top companies’ switch from the old energy model to the EaaS model would create attractive growth prospects and maintain position in the market throughout the forecast period.

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 Globally rising energy consumption is a key factor in the market’s expansion. Companies can comprehend the pattern of power usage using a variety of software and technical solutions provided by energy as a service providers. Energy is utilised in a variety of industries since energy consumption is increasing quickly; one notable sector that uses a higher capacity of energy to run district heating services is the business sector. Since many currently employed technologies to produce power from renewable sources would result in increased electricity consumption in the commercial sector.

Key Highlights from the Report

In 2020, the segment with the biggest revenue share was energy supply services. Demand for energy supply services is rising as a result of the expansion of energy supply options, which now include fossil fuels, renewable energy sources, biofuels, and biomass for more effective energy supply.

During the projection period, commercial segment revenue is anticipated to grow at a quick CAGR. The demand for the energy as a service model’s implementation in commercial buildings is anticipated to increase as a result of its ability to provide private sector building owners with the technical know-how and financial information they need to carry out energy saving measures.

Key players in the market include : WGL Energy, ENGIE, Schneider Electric, Siemens, Johnson Controls, General Electric, EDF Renewables, Edison International, Alpiq, and Enel X.

Emergen Research has segmented the global Energy as a Service market on the basis of service type, end-use, and region:

Service type Outlook (Revenue, USD Billion; 2018–2028)

  • Operational and Maintenance Services
  • Energy Supply Services
  • Energy Efficiency and Optimization Services

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Industrial
  • Commercial

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Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. BENELUX
    5. Italy
    6. Spain
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Rest of MEA

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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