Energy as a Service Market (By Energy Type: Renewable Energy Services, Non-Renewable Energy Services; By Services: Energy Audits, Energy Monitoring, Energy Management, Energy Consulting Services, Others; By End-User: Commercial, Industrial, Government) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global energy as a service market size is anticipated to reach around US$ 124 Bn by 2027 and expected to grow at a CAGR of around 11% in terms of revenue during the forecast period 2020 – 2027.

Energy as a service (EaaS) can be defined by utilizing new products, technologies, finance instruments and technological approaches, as one or two elements of the customer's energy portfolio including planning, system management, procurement of energy, resources and asset management. EaaS consists of third-party manufacturers, distributors and potentially innovative business strategies deploying niche-technical innovations, funding or acquisition, such as the purchasing of PHP solar power, the production of contracts for energy supplies and deregulated retail electricity sector supplies.

Market Insights

Growth is driven by the rise in energy delivery infrastructure (DER), tax benefits for energy conservation programs, additional streams of income for utilities, and reduced prices of the production of solar electricity and the development of storage systems. Many critical factors contributing to growth are increased renewable energy potentials, market fluctuations and increased energy usage. Sustainable energy sources, which in consequence should have a positive impact on production, have slowly been pursued by organizations. More emphasis is being focused on renewable and non-green energy sources especially encouraging renewable energy due to various reduced prices, reduction in the CO2 emissions, eco-friendly energy management and thermal conservation. Increased public spending in renewable energy is projected to fuel demand growth over the forecast period. Energy also offers customers flexibility in sales and ownership as a service. It also allows operators to customize electricity generation schemes in both flexible and conventional conditions depending on customers specific energy needs. The service also allows fast and accelerated energy storage assets to be successfully integrated in a distributed system.

Report coverage

The market research study on “Energy as a Service Market (By Energy Type: Renewable Energy Services, Non-Renewable Energy Services; By Services: Energy Audits, Energy Monitoring, Energy Management, Energy Consulting Services, Others; By End-User: Commercial, Industrial, Government) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global energy as a service market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global energy as a service market are offering energy type, services, end-user, and major geographic regions. The energy as a service market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

The involvement of intelligent design and building automation vendors is expected to make North America the main geographic market. Key players are likely to reduce service delivery costs and boost customer experience. The rise of major corporations is projected to lead the market in Asia Pacific. For instance, India had over 300 planned 2 billion dollars worth of smart cities projects in 2019. Although energy as a commodity remains at an incipient stage in the country, fossil fuels will be exhausted to produce electricity in the coming years which will provide the market with growth opportunities. In addition, it is some of the factors that will improve regional development that will drive the implementation of a green building model and increased policy funding. Thanks to the presence of several major service providers, the European industry is expected to be seeing substantial growth over the projected period. The emergence of SMEs mainly in Belgian, Cyprus and Greek countries is expected to build opportunities for growth in the field.

Key Players

Major players included in this report EDF Energy, Duke Energy, Edison International, Southern Company, Engie, Schneider Electric SE, Siemens AG, General Electric, WGL Energy, Orsted and others.

The global energy as a service market is segmented as below:

Market Segmentation

Energy as a Service Market By Energy Type

• Renewable Energy Services
• Non-Renewable Energy Services

Energy as a Service Market By Services

• Energy Audits
• Energy Monitoring
• Energy Management
• Energy Consulting Services
• Others

Energy as a Service Market By End-User

• Commercial
• Industrial
• Government

Energy as a Service Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa