MarkNtel Advisors recently published a detailed industry analysis of the Global Energy as a Service Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Energy as a Service Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Energy as a Service Market 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.

Key Findings in Global Energy as a Service Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- Engie, Enel X, Schneider Electric, Ameresco, Siemens, General Electric, Honeywell, Johnson Controls, EDF Renewable Energy, Edison, Alpiq, Veolia, Orsted, Centrica, WGL Energy, Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Energy as a Service Market?

Increasing Demand for Distributed Energy Resources – The shift of the power sector from traditional ways to modern approach has led to increased use of Distributed Energy Resources (DERs), such as on-site solar panels, fuel cells, and combined heat & and power. According to the International Energy Agency, renewable energy resources are expected to account for approximately 95% of the global power capacity by 2026 to decrease the dependency on fossil fuels & reduce carbon emissions.

The growing focus of the governments to reduce carbon emissions, advancement in technologies, urge to improve consumer satisfaction, and declining costs of distributed energy resources are driving the Energy–as-a-Service Market. Thus, various energy services providing companies like Honeywell, etc., have been developing EaaS solutions to offer their customers distributed energy resource benefits & promote energy savings.

Moreover, according to the Electric Reliability Council of Texas (ERCOT), the large-scale adoption of DERs can reduce the peak load of the power grid by approximately 9 to 15% in Texas. The reduced load can result in an estimated savings of nearly USD 5 billion in Texas. Hence, the implementation of DERs throughout the US would result in an estimated savings of approximately USD 50 billion annually by 2029. Thus, the adoption of DER solutions by consumers across the global countries would considerably drive the market in the forecast period.

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What segments define the Global Energy as a Service Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, 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- 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

According to report, The Commercial segment grabbed the highest market share in 2023 and is projected to register the fastest growth during the forecast period. 

Explore the Complete Global Energy as a Service Market Analysis Report – https://www.marknteladvisors.com/research-library/energy-as-a-service-market.html

Geographical Analysis: Global Energy as a Service Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Energy as a Service Market 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. 

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Energy as a Service Market?
• How is the Global Energy as a Service Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/energy-as-a-service-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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