Energy as a Service Market Upcoming Trends, Strategies Development and Forecast 2020 – 2028
A new research report has been added by Emergen Research that offers a comprehensive analysis of the Global Energy as a Service Market that offers beneficial information to the users to offer an overview of the Energy as a Service market.
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.
Rising need for energy production in a sustainable, cost-effective, and reliable manner is another major factor driving demand for decentralized energy and supporting revenue growth of the global energy as a service market. Empowerment of businesses, local consumers, and communities with the help of decentralized energy as the smaller power generation plants can be connected to the grid is boosting steady utilization of decentralized power distribution services.
Increase in digitalization and smart metering is boosting the development of energy as a service in recent years. Digitalization helps in transforming energy related data into value for the power system. With the help of the data, energy service providers are developing consumer-centric business models to optimize energy consumption of consumers and minimize their electricity bills.
The Global Energy as a Service Market report offers a detailed analysis of the global Energy as a Service market size, regional and country-level analysis of the market, segment growth, competitive landscape, sales analysis, industrial chain analysis, opportunities, recent developments, regulatory framework, market growth analysis, and strategic market initiatives.
Key players in the market include WGL Energy, ENGIE, Schneider Electric, Siemens, Johnson Controls, General Electric, EDF Renewables, Edison International, Alpiq, and Enel X.
Some Key Highlights From the Report
- In December 2020, STMicroelectronics entered into a partnership with Schneider Electric on carbon neutrality and co-development of energy -efficient solutions. Schneider Electric is expected to support STMicroelectronics to reduce its global environmental footprint.
- Energy supply services segment accounted for largest revenue share in 2020. Increase in energy supply offerings, which consist of fossil fuels, renewable sources of energy, biofuels, and biomass, is boosting demand for energy supply services for more efficient energy supply.
- Commercial segment revenue is expected to expand at a rapid CAGR during the forecast period. The energy as a service model is designed to aid private sector commercial building owners with technical expertise and details related to capital to implement energy efficiency projects, which is expected to drive its demand for deployment in commercial buildings.
- North America accounted for largest revenue share contribution to the global Energy as a Service market in 2020. Increasing installation of distributed electricity generation and storage technologies along with rising demand for smart devices in the region are key factors boosting rising utilization of energy as a service model.
Regional Analysis: Energy as a Service Industry By Emergen Research
The report provides an extensive regional analysis of the Energy as a Service market. The segmentation offers insights into the sales network and distribution channels, sales analysis, profit margins, volume chain analysis, and region-wise Energy as a Service market size. The report also covers an in-depth analysis of the key geographical regions as well as their countries.