Global Energy as a Service Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 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.
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Global Energy as a Service Market Dynamics: 2024-2030
Global Energy as a Service Market Challenge:
Integration & Deployment Challenges to Hinder the Growth – The deployment of renewable energy sources includes various technical & feasibility considerations which have emerged as restraining factors for the market growth. Some capacity constraints, such as limitations on manufacturing capacity, restricted & limited supplies of basic raw materials, and limited skilled workforce, have been depriving the market growth. Despite having strong operational capabilities, major players in the market have been facing challenges in the execution of energy-as-a-service projects.
Moreover, several advanced & emerging technologies, such as monitoring platforms & connected devices need constant communication to achieve the target of energy cost savings. Furthermore, land acquisition & environmental clearances have also posed a threat to the execution of certain large-scale projects globally, further limiting the growth of the Global Energy as a Service Market.
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Global Energy as a Service Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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
The Commercial segment grabbed the highest market share in 2023 and is projected to register the fastest growth during the forecast period.
By Region
-North America
-South America
-Europe
-The Middle East and Africa
-Asia-Pacific.
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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Top Companies Operating in the Global Energy as a Service Market:
-Engie
-Enel X
-Schneider Electric
-Ameresco
-Siemens
-General Electric
-Honeywell
-Johnson Controls
-EDF Renewable Energy
-Edison.
Industry Recent 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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