Energy as a Service Market Size, Growth Opportunities & Industry Report, 2020-2027

Global Energy As A Service Market reveals that the market is slated to register a higher CAGR in the forecast period. This is mainly attributed to the rising distributed energy resources and the reducing price of renewable power generation, storage solution, and tax benefits for energy efficiency projects.

DUBLIN, DUBLIN -- (SBWIRE) -- 03/01/2021 -- Energy As A Service Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The rising distributed energy resources and the reducing price of renewable power generation, storage solution, and tax benefits for energy efficiency projects are the key drivers responsible for the growth of the global energy as a service market size. The growing energy consumption, the rising renewable energy potential, and price volatility are some other factors surging the growth of the global energy as a service market. The growing emphasis on renewable energy sources due to their reduced price, decrease carbon footprint, environment friendly, and energy-efficient will further propel the market growth. As per the energy as a service market report, the growing use of energy-efficient technologies for operational and maintenance saving is another factor promoting the end-users to opt for EaaS. On the other edge, well-established centralized utility models and integration and deployment problems regarding the EaaS will hinder the growth of the market.

Energy As A Service Market's leading Manufacturers:

- WGL Energy
- Engie
- Schneider Electric SE
- Siemens AG
- Johnson Controls International plc
- General Electric
- EDF Renewable Energy
- Edison Energy
- Enel X S.r.
- Bernhard, LLC

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Service Segment Drivers

Based on the service, the energy supply services is anticipated to increase at a faster CAGR due to the increasing offerings of energy supply, such as distributed energy generation solutions including solar PV, diesel and natural gas gensets, microturbines, combined heat and power, and fuel cells to enhance energy supply. It offers the consumers the flexibility of choice on pricing, ownership, and financing and offers the operators a customized energy generation design option according to consumer's needs.

Regional Drivers

Based on the region, North America is predicted to dominate the market over the coming years due to the rising launch of energy efficiency projects in Canada and the US. New approaches like pay-for-performance are being introduced in the US to improve energy efficiency at a broader scale in the commercial industry. The growing share of renewable power generation and energy efficiency activities is further augmenting the growth of the market.

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

o United States of America
o Canada

- Asia Pacific

o China
o Japan
o India
o Rest of APAC

- Europe

o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

- RoW

o Brazil
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)

Our Other Relevant Reports:

1. Solar Energy Market
2. Energy Harvesting System Market
3. Renewable Energy Market
4. Wave Energy Market

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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