The Global Energy as a Service Market size was valued at USD 70 billion in 2022 is estimated to grow at a CAGR of around 10.3% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Energy as a Service Market
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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Scope of the Report and Energy as a Service Market Segmentation
By Type
-Energy Supply Services
-Operational and Maintenance Services
-Energy Efficiency and Optimization Services
- The Operational Maintenance Services holds the prominent market share is expected to grow at a considerable rate during the forecast period as well.
By End Users
-Residential
-Commercial
-Industrial
-Public Infrastructure
Top leading companies in the 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
Energy as a Service Market Development
- 2023: Capstone Green Energy Corporation signed an Energy as a Service contract with Lone Star Power Solutions, a Texas-based energy company. Capstone would provide a C800S Signature series microturbine to Lone Star.
- 2023: Intertrust launched a new Energy as a Service system for the telecommunications industry. It was launched in collaboration with EIPGRID and the system aims at reducing carbon emissions and energy bills for the telecommunications industry.
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Geographical analysis:
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
- North America is expected to hold a considerable market share in the Global Energy as a Service (EaaS) Market due to the widespread use of EaaS solutions in several commercial industrial sectors.
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