Energy-as-a-Service Market Growth Outlook Through 2024-2033

Energy-as-a-service (EaaS) is a business model whereby customers pay for an energy service without having to make any initial capital investment. EaaS models typically take the form of a subscription for electrical devices owned by a service company or management of energy usage to deliver the desired energy service.

Sizing and Forecast
The energy-as-a-service market size has grown strongly in recent years. It will grow from $64.57 billion in 2023 to $70.98 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%.  The  growth in the historic period can be attributed to strong economic growth in emerging markets, rapid urbanization and from the rise in digitalization.

The energy-as-a-service market size is expected to see strong growth in the next few years. It will grow to $103.13 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.  The growth in the forecast period can be attributed to rapid industrialization, the increasing government support, the increasing distributed energy resources and the increasing number of smart meters. Major trends in the forecast period include focus on artificial intelligence, virtual power plants, focus on battery energy storage, use of cloud technology, focus on new subscription-based services, strategic partnerships and collaborations and increasing investments.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/energy-as-a-service-global-market-report

Segmentation & Regional Insights
The energy-as-a-service market covered in this report is segmented –
1) By Service: Energy Supply Services, Operation And Maintenance, Optimization And Efficiency Services
2) By Provider: Utility Service Provider, Third Party Provider
3) By End User: Residential, Commercial, Industrial

North America was the largest region in the energy-as-a-service market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the energy-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7927&type=smp

Major Driver Impacting Market Growth
The rise in energy consumption across the globe is expected to boost the growth of the energy-as-a-service market going forward. Energy consumption refers to the energy used to perform an action. Energy is required for transportation, lighting, cooling, and heating in buildings, as well as for agriculture, manufacturing, and mining. For instance, in April 2022, according to International Energy Outlook, a report released by the US Energy Information Administration (EIA), a US-based government agency responsible for collecting, analyzing, and disseminating energy information, the total U.S. energy consumption in 2021 increased by around 4.7% compared to 2020 to 97 quads. Every energy-using industry saw higher energy use in 2021, with the transportation industry seeing the biggest annual rise in energy use of approximately 10.2%. Therefore, the rise in energy consumption across the globe is driving the growth of the energy-as-a-service market.

Key Industry Players
Major companies operating in the energy-as-a-service market report are Schneider Electric SE, Veolia Environment S.A., Engie SA, Enel S.p.A, Siemens AG,Honeywell International Inc., EDF, Bernhard Energy Solutions, AltaGas Ltd, Johnson Controls International PLC, China Shenhua Energy Company, Envision Energy, Mingyang, Gamesa, Shanghai Electric, CSSC, Suzlon Energy Limited, Adani Green Energy Limited, G3 Holdings and NTPC Limited, Centrica, E. ON UK., Npower, ScottishPower, Gazprom, Rosneft, Surgutneftegas, Novatek, CEZ, Contemporary Energy Solutions, Duke Energy, Edison International, General Electric Company, NextEra Energy, Green Mountain Energy, TPI Composites, Renewable Energy Group, Inc, Clearway Energy, First Solar Inc, PlanEt, Tesla, IOGEN Corporation, Bio-EnPower Inc, Ag-west Bio, Nulife Green Tech, Innergex/Alterra Power, Bullfrog Power, 3G Energy, KEPCO Energy Service Company, CFE, Pemex, Shell, Baker hughes, Tenaries, Moka Power, SOLARVIEW, FLEXIMETAL BRASIL, RVT Energia, Wiseful, GreenStudio Energy Efficiency, DS-Engenharia-Solar, Oika Tecnologia & Inovação, Yellow Door Energy, Enova, Alfanar Energy, Solar Africa, Rensource Distributed Energy Ltd, powergen renewable energy, Powerhive, Daystar Power, Juabar

The energy-as-a-service market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model