Energy as a Service Market Size to Reach USD 112.7 Billion by 2030 at CAGR 7.6% - Valuates Reports
BANGALORE, India, Jan. 5, 2022 /PRNewswire/ -- The Energy as a Service Market is Segmented by Type (Energy Supply Services, Maintenance & Operation, Energy Efficiency & Optimization and Others), Application (Industrial and Commercial). The report covers global opportunity analysis, industry trends and forecasts from 2021 to 2030.
The global energy as a service market size was valued at USD 54.4 Billion by 2020, and is projected to reach USD 112.7 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.6% from 2021 to 2030.
Major Factors Driving The Growth Of Energy As A Service Market Are:
EaaS allows more companies to profit from the energy transition while also lowering the potential cost of entry, allowing them to make progress toward their energy and sustainability goals. These features are expected to drive the EaaS market growth.
Business applications such as restaurants, educational institutions, data centres, commercial buildings, and warehouses have increased their demand for electricity. Furthermore, there is an increase in demand for energy consumption optimization in order to cut energy costs and support long-term environmental growth. These factors are expected to further fuel the growth of the energy as a service market.
Get your sample today: https://reports.valuates.com/request/sample/ALLI-Manu-4X62/Energy_as_a_Service_Market
Trends Influencing The Growth Of Energy As A Service Market:
The expansion of the EaaS market is driven by an increase in building owners' efforts to minimise energy costs, increase in renewable energy generation, rise in renewable energy adoption, and an increase in smart grid installations. EaaS profoundly alters the way businesses approach energy management and purchase. EaaS solutions often use a mix of energy aspects, ranging from metering systems to microgrids to distributed energy resources (DERs) to waste heat recovery. The progression of energy from rigid and centralised to flexible and responsive is reflected in each of these potential components. Unlike centralized energy management and energy-dispatching technologies, these solutions are adaptive, variable, and modular.
Furthermore, the EaaS solution provider provides energy management services that are aligned with performance goals, lowering risk for end users. These services are tailored to each client's needs in order to achieve predetermined goals such as system resilience and satisfying sustainability targets and frequently result in lower performance risk and lower capital costs. This in turn is expected to drive the EaaS market growth.
Furthermore, the utilisation of innovative capital arrangements such as advanced power purchase agreements (PPAs), leases, and performance contracts to save CAPEX investment is a direct benefit of EaaS. As a result, the energy services agreement safeguards cash flow while also generating new revenue streams.
A stable and supportive policy framework is required to achieve rapid scale-up and efficiency improvements while maintaining grid stability and energy-saving potential. As a result, during the forecast period, favourable government policies for energy efficiency initiatives are predicted to fuel the growth of Energy as a service market.
Utility companies have been obliged to invest in and upgrade policies for distributed energy resources (DER) due to ageing infrastructure for generating and transferring power. To control and reduce energy use and better manage expenses, distributed energy resources include renewable energy, demand-response capabilities, and other energy-saving technologies. Increased investment in energy distribution infrastructure will increase demand for DER, thereby driving the EaaS market growth.
Browse the Table of Contents and List of figures at: https://reports.valuates.com/reports/ALLI-Manu-4X62/energy-as-a-service
Energy As A Service Market Share Analysis:
Based on service, the energy supply services segment registered the highest market share of around 37.4% in 2020 . This is due to an increase in demand for energy supply services from various end-use industries, such as manufacturing and processing. Furthermore, the rapid rise of distributed energy generation sources such as solar, wind, fuel cells, and heat and power is expected to enhance the demand for energy supply services, fueling the growth of the energy as a service industry in the future years.
Based on end-user, The commercial category has the biggest market share and is projected to during the forecast period. The surge in demand for energy from commercial applications such as restaurants, educational institutions, data centres, commercial complexes, and warehouses is attributable to this increase.
Based on region, Asia-Pacific dominated the market, and this dominance is expected to continue during the forecast period. This is due to the presence of major players and a large consumer base in the area. Furthermore, increased investments in smart energy infrastructure, renewable energy, and increasing industrialization across the region are likely to boost the region's energy as a service market growth over the projection period.
Report Customization Request: https://reports.valuates.com/request/customisation/ALLI-Manu-4X62/Energy_as_a_Service_Market
Leading Players in the Energy as a Service Market
- Veolia
- Honeywell International Inc
- Schneider Electric SE
- EDF Renewables
- Enel X
- ENGIE SA
- Johnson Controls International
- WGL Energy
- Alpiq
- General Electric
Chapter Cost Request: https://reports.valuates.com/request/chaptercost/ALLI-Manu-4X62/Energy_as_a_Service_Market
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-4X62&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- The global renewable energy market was valued at USD 881.7 Billion in 2020, and is projected to reach USD 1,977.6 Billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.
- The global Microgrid as a Service market size is projected to reach USD 2230.8 Million by 2027, from USD 1184.2 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 9.0% during 2021-2027.
- The global Key Management as a Service market size is projected to reach USD 1033.3 Million by 2027, from USD 352.4 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 16.1% during 2021-2027.
- In 2021, the global Blockchain in Energy market size will be USD 671.3 Million and it is expected to reach USD 2324.6 Million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 23.0% during 2021-2027.
- The global Energy Management Software market size is projected to reach USD 69300 Million by 2027, from USD 33200 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 10.6% during 2021-2027.
- The global Sustainability and Energy Management Software market size is projected to reach USD 1557.3 Million by 2027, from USD 846 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 8.6% during 2021-2027.
- The global Building Energy Management Systems market size is projected to reach USD 12230 Million by 2027, from USD 5053.7 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 13.3% during 2021-2027.
- The global Home Energy Management market size is projected to reach USD 3125.4 Million by 2027, from USD 1592.4 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 9.6% during 2021-2027.
- The global Hybrid Solar Wind Energy Storage market size is projected to reach USD 1619.7 Million by 2027, from USD 1075.5 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 5.6% during 2021-2027.
- The global Service Integration and Management (SIAM) market size is projected to reach USD 4126.9 Million by 2027, from USD 3205.1 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 3.2% during 2021-2027.
- The global Advanced Energy Storage market size is projected to reach USD 16970 Million by 2027, from USD 11880 Million in 2020, at a CAGR of 4.8% during 2021-2027.
- Global Nanotechnology in Energy Market Size, Status and Forecast 2021-2027
- Global Unified Communication-as-a-Service in Energy Market Size, Status and Forecast 2021-2027
- Global Renewable Energy-as-a-Service Market Size, Status and Forecast 2021-2027
To see the full list of related reports on the Energy as a Service
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports
SOURCE Valuates Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article