Global Energy as a Service Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Energy as a Service Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Energy as a Service Market: 2024-2030
The Global Energy as a Service Market size was valued at around USD 70 billion in 2022 & is projected to grow at a CAGR of about 10.3% during the forecast period, i.e., 2024-30. The market growth is driven by various factors, such as the rise in the deployment of Distributed Energy Resources (DER) as well as the tax benefits that are provided by governments of the countries to deploy renewable sources of energy in new construction projects.
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What are the primary factors driving the growth of the Energy as a Service Market?
Increasing Demand for Distributed Energy Resources – The shift of the power sector from traditional ways to modern approach has led to increased use of Distributed Energy Resources (DERs), such as on-site solar panels, fuel cells, and combined heat & and power. According to the International Energy Agency, renewable energy resources are expected to account for approximately 95% of the global power capacity by 2026 to decrease the dependency on fossil fuels & reduce carbon emissions.
The growing focus of the governments to reduce carbon emissions, advancement in technologies, urge to improve consumer satisfaction, and declining costs of distributed energy resources are driving the Energy–as-a-Service Market. Thus, various energy services providing companies like Honeywell, etc., have been developing EaaS solutions to offer their customers distributed energy resource benefits & promote energy savings.
Moreover, according to the Electric Reliability Council of Texas (ERCOT), the large-scale adoption of DERs can reduce the peak load of the power grid by approximately 9 to 15% in Texas. The reduced load can result in an estimated savings of nearly USD 5 billion in Texas. Hence, the implementation of DERs throughout the US would result in an estimated savings of approximately USD 50 billion annually by 2029. Thus, the adoption of DER solutions by consumers across the global countries would considerably drive the market in the forecast period.
Energy as a Service Market Segmentation:
The Energy as a Service market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
- Energy Supply Services- Market Size & Forecast 2019-2030, USD Million
- Operational and Maintenance Services- Market Size & Forecast 2019-2030, USD Million
- Energy Efficiency and Optimization Services- Market Size & Forecast 2019-2030, USD Million
By End Users
- Residential- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
- Industrial- Market Size & Forecast 2019-2030, USD Million
- Public Infrastructure- Market Size & Forecast 2019-2030, USD Million
Geographical Analysis into the Energy as a Service Market:
The Energy as a Service market is categorized based regional:
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
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Competitive Landscape and Energy as a Service Market Share Analysis:
The competitive landscape of the Energy as a Service Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Engie
- Enel X
- Schneider Electric
- Ameresco
- Siemens
- General Electric
- Honeywell
- Johnson Controls
- EDF Renewable Energy
- Edison
- Alpiq
- Veolia
- Orsted
- Centrica
- WGL Energy
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Questions Addressed in this Study
- What factors are driving the Energy as a Service Market growth?
- How is the Energy as a Service Market expected to grow over the next five years?
- What are the key insights into the current trends in the Energy as a Service Market?
- What is the current size of the Energy as a Service Market, and how is it projected to change in the future?
- What is the future outlook for the Energy as a Service Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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