PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269699
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269699
Global Energy as a Service (EaaS) Market is valued at approximately USD 64.34 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.1% over the forecast period 2022-2029. Energy as a Service (EaaS) includes the sale of energy, technology, analytics, access to grid, as well as personalized services. The Energy as a Service (EaaS) Market is expanding because of factors such as the increasing adoption of renewables and increasing demand for energy in Various End-user Sectors.
Reducing greenhouse gas (GHG) emissions and the rising energy demand are the primary objectives of governing bodies in all countries. Following that, it is projected that the installation of renewable energy sources will increase dramatically over the next 10 years, leading to market expansion. The introduction of new energy targets by various governments to promote the trend towards sustainable electricity has had a favourable effect on market size. For instance, Brazil wants 42.5% of its primary energy supply to come from renewable sources by the end of 2023. Similar to this, according to the carbon brief analysis, the UK government intends to have about 50% of its electricity come from renewable sources by 2025. Thus, the rising demand for renewable energies is catering to the market growth. In addition, the introduction and expansion of the DEG and VPP market and favorable regulation framework is creating new opportunities for the market. However, heavy capital investment for establishment and switch to advanced grids may halt market growth.
The key regions considered for the Global Energy as a Service (EaaS) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to rising investment in various renewable energy projects, and rising demand from end-use industry. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising government initiatives for launching renewable energy projects, and rising investment in grid infrastructure development.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service Typeofferings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable