Growth opportunities in the Energy as a Service Market look promising over the next six years. This is mainly due to the new revenue generation streams for utilities and the availability of federal tax benefits.
Energy as a Service Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The prominent drivers proliferating the growth of the global energy as a service market include the augmenting capacity of renewable sources, reducing the cost of power creation and storage solutions, along with the tax benefits offered by the government for power-effective projects. In addition, the growing energy usage and fluctuations in the prices will further strengthen the market growth. Also, the surging emphasis on the inexhaustible sources led by their low cost, reduced carbon emission, energy effectiveness, and environmental friendly are likely to bolster the market growth. The escalating implementation of fuel-saving technologies for viable and maintenance retrenchment is persuading the end-users to choose EaaS solutions. However, the well-established existent consolidated, centralized utility models and incorporation and deployment challenges associated with the EaaS will hinder the energy as a service market size.
Service Segment Drivers
Based on the service, energy supply is predicted to witness a faster CAGR over the forecast period. This is primarily owing to the accelerations in the offerings of power supply, including disrupted generation solutions including diesel and natural gas gensets, solar PV, combined heat and power, microturbines, and fuel cells to enhance the supply. It proffers the consumers with the adjustability of choice on ownership, pricing, and financing and offers the operators a personalized energy generation design option depending on the need of consumers.
Regional Drivers
Based on the regional coverage, North America is expected to dominate the market during the forecast period owing to the aggravating application in the U.S. and Canada. Novel techniques such as pay-for-performance are being introduced to improve the effectiveness at a wider scale in the commercial sector. An extension in the proportion of biodegradable and decomposable efficiency activities is driving the energy as a service market share.
Energy as a Service Market’s leading Manufacturers:
- Bernhard, LLC
- Edison Energy
- General Electric
- Siemens AG
- Engie
- Enel X S.r.
- EDF Renewable Energy
- Johnson Controls International plc
- Schneider Electric SE
- WGL Energy
Energy as a Service Market Segmentation:
Segmentation by Service Type
- Energy Supply Services
- Operational and Maintenance Services
- Energy Efficiency and Optimization Services
Segmentation by End-User
- Commercial
- Industrial
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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