Global Energy As A Service Market Size, Share, Growth Analysis, By Type(Energy Supply and Energy Storage), By Application(Commercial & Industrial and Residential)

Description

Global Energy as A Service Market size was valued at USD 60.3 billion in 2021 and is poised to grow from USD 60.9 billion in 2022 to USD 112.05 billion by 2030, growing at a CAGR of 9.10% during the forecast period (2023-2030).

The global Energy as a Service market involves the provision of energy solutions via third-party providers, enabling businesses to outsource their energy needs. This model offers advantages like reduced capital investment, operational efficiency, and access to renewable sources. The market's growth is driven by sustainability goals, cost savings, and technological advancements. It encompasses various sectors, including commercial, industrial, and residential, while North America, Europe, and Asia lead in adoption. The ongoing shift toward cleaner and more flexible energy options further fuels the expansion of this market.

Top-down and bottom-up approaches were used to estimate and validate the size of energy as A service and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Drivers

The growth of the Energy as a Service (EaaS) market is significantly propelled by the escalating acceptance of renewable energy sources. This is attributed to their cost-effectiveness, diminished environmental impact, and enhanced energy utilization. As both businesses and governments aim to curtail carbon emissions and shift to greener energy alternatives, the demand for EaaS solutions is poised to surge. Moreover, the adaptability and personalized nature of EaaS solutions, coupled with advantageous governmental incentives and regulations, further contribute to the expansion of the market.

Restraints

Amidst the rising global demand for Energy as a Service (EaaS) solutions, the market encounters notable challenges that might impede its progression. A significant hurdle pertains to insufficient awareness and comprehension among end-users concerning the advantages of EaaS solutions. Furthermore, the substantial initial investment essential for EaaS implementation might deter the adoption among small and medium-sized enterprises. Additionally, absence of uniform regulatory structures and technological constraints like integration difficulties could also curtail the expansion of the market.

Market Trends

A prominent trend within the global Energy as a Service (EaaS) market is the growing integration of digital innovations like IoT, AI, and blockchain. These technologies are being harnessed to enhance energy efficiency and minimize expenses. Another noteworthy trend is the escalating need for decentralized and sustainable energy options like solar and wind power. These alternatives cater to the surging energy needs of users while also curbing environmental impact. Moreover, the momentum towards personalized and adaptable EaaS solutions, crafted to precisely match the energy prerequisites of users, is also on the upswing.

Product Code: SQMIG55C2007

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact

Global Energy As A Service Market by Type

Market Overview
Energy Supply and Energy Storage

Global Energy As A Service Market by Application

Market Overview
Commercial & Industrial and Residential
Global Energy As A Service Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
Edison Energy, LLC (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Enel X (Italy)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Engie (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Schneider Electric SE (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Siemens AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
EDF Renewables (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Honeywell International Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Veolia (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Ameresco, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
SmartWatt (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bernhard Energy Solutions (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Carbon Clean Solutions Limited (UK)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Clean Energy Experts (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Noresco LLC (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Constellation Energy (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Engie Impact (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Green Mountain Power (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Carbon Lighthouse (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Lime Energy (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
NextEra Energy Resources, LLC (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Energy As A Service Market Size, Share, Growth Analysis, By Type(Energy Supply and Energy Storage), By Application(Commercial & Industrial and Residential) - Industry Forecast 2023-2030