Market Insights and Analysis: Global Energy as a Service Market Overview and Projections (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.
Top leading companies in the Global Energy as a Service Market includes:
Engie, Enel X, Schneider Electric, Ameresco, Siemens, General Electric, Honeywell, Johnson Controls, EDF Renewable Energy, Edison, Alpiq, Veolia, Orsted, Centrica, WGL Energy, Others.
Global Energy as a Service Market Trend:
Increasing Adoption of Microgrids & Smart Grids – To increase energy efficiency & resilience, EaaS providers are progressively using microgrids & smart grids, especially in rural or off-grid places. Microgrids are localized power systems that have their own production & storage capacities & are being used to increase energy dependability. Smart grids use cutting-edge technology like IoT sensors & data analytics to efficiently monitor, regulate, and optimize energy usage.
Moreover, investments in digital infrastructure, such as the development of advanced sensors, including phasor measurement units as well as the development of Flexible Alternating-Current Transmission Systems (FACTS) are expected to enhance the Global Energy as a Service Market in the coming years.
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Report Segmentation:
The market is categorized into the following segments in the report:
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.
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Global Energy as a Service Market Geographic Reach:
The Geographic Reach of the Global Energy as a Service Market evaluates the spread and significance of Global Energy as a Service market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: US, Canada, Mexico
· Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
· Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
· South America: Brazil, Argentina, Rest of South America
· Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA.
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