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Energy as a Service (EaaS) Market Size

Report ID: GMI8479
Published Date: Mar 2024
Report Format: PDF

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Energy as a Service Market Size

Energy as a Service Market was valued at USD 115.8 Billion in 2023 and is anticipated to grow at a CAGR of over 8.8% during 2024 to 2032. These services offer comprehensive energy solutions to customers on a subscription or performance-based model. It encompasses a range of services including energy supply, generation, storage, optimization, and management. EaaS provides tailored solutions to meet specific energy needs, offering benefits such as cost savings, efficiency improvements, and sustainability.

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Shifting focus toward sustainability coupled with favorable government incentives and rising energy demand will augment the industry landscape. Growing requirement for decentralized and resilient energy solutions along with the shift towards subscription-based models for energy services will boost the business statistics. Additionally, key factors comprising long-term cost savings and enhanced operational efficiency will fuel the industry growth.

Energy as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2023
Energy as a Service Market Size in 2023:	USD 115.8 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	8.8%
2032 Value Projection:	USD 247.8 Billion
Historical Data for:	2018 - 2023
No. of Pages:	200
Tables, Charts & Figures:	150
Segments covered:	Type, End-Use and Region
Growth Drivers:	Increasing demand for energy efficient technologies Renewable energy integration Shift towards subscription-based energy Models
Pitfalls & Challenges:	Regulatory and policy constraints

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Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market valuation of the energy as a service was reached USD 115.8 Billion in 2023 and is anticipated to record a CAGR of 8.8% through 2032, owing to shifting focus toward sustainability, coupled with favorable government incentives, and rising energy demand.

Operational & maintenance services segment held a market share of around 45% in 2023 and is expected to gain traction through 2032, on account of their role in ensuring the continued performance and reliability of energy systems.

Asia-Pacific energy as a service industry held a dominant revenue share in 2023 and is anticipated to surpass USD 95 billion by 2032, driven by rapid industrialization and urbanization across the region, fueling the energy demand.

ABB Ltd., Alpiq, Ameresco, Inc., Bernhard Energy Solutions, Capstone Green Energy Corporation, Centrica plc, Contemporary Energy Solutions, EDF Energy, Edison Energy are some of the major industry contenders.