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North America Energy as a Service (EaaS) Market Size

Report ID: GMI8772
Published Date: Apr 2024
Report Format: PDF

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North America Energy as a Service Market size

North America Energy as a Service Market size was valued USD 35.7 Billion in 2023 and is anticipated to grow at a CAGR of 9.3% between 2024 and 2032. It involves outsourcing energy-related tasks such as energy generation, storage, optimization, and management to a third-party provider. The solution aims to optimize energy consumption, reduce costs, and increase efficiency for customers, often through the integration of renewable energy sources, smart technology, and data analytics.

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Regional seismic shifts driven by sustainability mandates, technological advancements, and evolving consumer demands augment the industry landscape. Regulatory support and financial flexibility, incentivizing investments in renewable energy infrastructure will boost business statistics. Moreover, the evolving energy market dynamics, including the decentralization of energy generation, grid modernization efforts, and the rise of distributed energy resources will fuel the market growth.

North America Energy as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Energy as a Service Market Size in 2023:	USD 35.7 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	9.3%
2032 Value Projection:	USD 79.4 Billion
Historical Data for:	2019 to 2022
No. of Pages:	100
Tables, Charts & Figures:	140
Segments covered:	Type, End-Use and Country
Growth Drivers:	Supportive policies and incentives State-Level Renewable Portfolio Standards (RPS) Rising Demand for Resilience and Reliability
Pitfalls & Challenges:	Initial Investment Costs

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Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America energy as a service (EaaS) industry size was USD 35.7 billion in 2023 and is anticipated to witness 9.3% CAGR up to 2032, due to rising rate of outsourcing energy-related tasks, such as energy generation, storage, optimization, and management to a third-party provider.

U.S. energy as a service market is anticipated to exceed USD 67.5 billion by 2032, led by stringent environmental regulations and renewable energy mandates for incentivizing businesses and utilities to adopt sustainable energy solutions.

North America energy as a service market from the residential end-use segment is set to grow at over 10% CAGR from 2024 to 2032, owing to higher need for innovative financing models and subscription-based services to support homeowners gain access to advanced technologies.

Some of the prominent energy as a service companies are Ameresco, Inc., ABB Ltd, Bernhard Energy Solutions, Capstone Green Energy Corporation, Edison Energy, and Enel X.