Westford,USA, Jan. 09, 2024 (GLOBE NEWSWIRE) -- The global Energy As A Service market size is expected to reach USD 112.05 billion by 2030 and exhibit a CAGR of 9.10% in the forecast period (2023−2030), according to Skyquest's latest research report. The desire for cost-effective and efficient energy solutions among businesses, the need to reduce energy consumption and greenhouse gas emissions in line with sustainability goals, increasing adoption of renewable energy sources, advancements in energy management technologies, and IoT devices are fueling the market's growth.
According to SkyQuest's latest global research of the Energy As A Service market, increasing adoption of distributed energy resources (DERs) like solar and energy storage, the rise of microgrids and grid-edge technologies for localized energy generation and consumption, the integration of artificial intelligence (AI) and machine learning for predictive energy analytics, the emergence of energy-as-a-service platforms and marketplaces, a growing emphasis on demand response and load management, and the expansion of green and sustainable energy offerings are the trends that aid in the market's growth.
Browse in-depth TOC on "Energy As A Service Market"
- Pages - 157
- Tables - 59
- Figures -75
Energy as a service (EaaS) is a business model in which energy providers offer customers a comprehensive energy solution, including energy generation, storage, and management. EaaS providers typically charge customers a monthly fee based on their energy consumption.
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Prominent Players in Energy As A Service Market
- Bechtel
- Bloom Energy
- C3.ai
- Centrica
- ENGIE
- Enel X
- Enphase Energy
- FlexGen
- Honeywell
- Johnson Controls
- Mitsubishi Electric
- Schneider Electric
- Siemens
- SolarEdge Technologies
- Sunrun
- Tesla
- Veolia
- Vertiv
- Virtual Power Systems
- Viridian
- Wärtsilä
- Wood Group
Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Market Size in 2022 | 60.9 Billion |
| 2030 Value Projection | 112.05 Billion |
| CAGR | 9.10% |
| Segments Covered |
|
| Regions Covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Energy Supply Services Demand to Grow Substantially in the Forecast Period
Energy supply services dominate the global online market as it include providing a reliable source of electricity or other energy forms to customers, was likely to remain a fundamental component of the energy-as-a-service market. Businesses require a consistent and cost-effective energy supply to operate, and energy supply services play a crucial role in meeting this demand.
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Commercial and Industrial (C&I) is the Leading Application Segment
In terms of application, the commercial and industrial sector, including businesses, factories, and manufacturing facilities, often has substantial energy demands. Energy-as-a-service solutions help C&I customers optimize their energy usage, reduce costs, and achieve sustainability goals.
North America is the leading Market Due to Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. The region's dominance was influenced by factors such as a strong focus on sustainability and energy efficiency, favorable regulatory frameworks, and a diverse range of industries with significant energy demands.
A recent report thoroughly analyzes the major players operating within the Energy As A Service market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Energy As A Service.
Key Developments in Energy As A Service Market
- In May 2023, Enel Green Power and Falck Renewables announced the joint construction of an 800 MW wind farm in Brazil.
- In March 2023, Tesla announced plans to build a $1.1 billion lithium-ion battery factory in Texas.
- In January 2023, TotalEnergies acquired a 20% stake in Eavor, a geothermal energy company.
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Key Questions Answered in Energy As A Service Market Report
- What specific growth drivers will impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
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