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Energy as a Service (EaaS) Market Trends

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

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Energy as a Service Market Trends

Rising demand for integrated energy solutions, offering comprehensive services tailored to specific customer needs will improve the market statistics. Shifting focus toward outcome-based models and performance contracts is gaining traction, thereby ensuring that energy providers are incentivized to deliver tangible results, which will augment the business trends. Moreover, advancements in digital technologies and analytics are enhancing the energy management capabilities, enabling more efficient and data-driven decision-making processes within the sector, complementing the service demand.

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.