Global Energy as a Service Market Report - By Type (Energy Supply Services, Operational & Maintenance Services, Energy Efficiency & Optimization Services), By End Users (Residential, Commercial, Indus... ... l, Commercial, Industrial, Public Infrastructure), and Others Read more
- Energy
- May 2024
- 193
- PDF, Excel, PPT
Market Definition
Energy as a Service (EaaS) is a business model that enables consumers to use various energy services without investing in capital-intensive equipment. The electrical appliances & services that are provided to the customers are owned & operated by a service company or energy management firm. The EaaS companies provide consumers with numerous energy services such as energy supply services, operational & maintenance services, and energy efficiency & optimization services in the form of a subscription.
Market Insights & Analysis: Global Energy as a Service Market (2024-30):
The Global Energy as a Service Market size 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. The market growth is driven by various factors, such as the rise in the deployment of Distributed Energy Resources (DER) as well as the tax benefits that are provided by governments of the countries to deploy renewable sources of energy in new construction projects. For instance:
- In 2023, the South African government announced a 125% tax deduction for qualifying capital expenditure on all renewable energy projects with no upper limit on the capacity of energy generated.
These initiatives are designed to achieve the decarbonization targets set by various governments of countries across the globe. Most energy providers are opting for partnerships & business collaborations to attract more consumers. Developed countries, such as the US & Canada, have laid down policies & regulatory standards like the Canada Energy Policy & Solar Interconnection Standards & Policies in the US to promote the adoption of EaaS. The technological advancements in the industry, including the emergence of advanced energy management software & associated systems, have also proven to be a major factor in the revenue growth of the market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2019-22 |
| Base Year: 2023 | |
| Forecast Period: 2024-30 | |
| CAGR (2024-2030) | 10.3% |
| Regions Covered | North America: US, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA | |
| Key Companies Profiled | Engie, Enel X, Schneider Electric, Ameresco, Siemens, General Electric, Honeywell, Johnson Controls, EDF Renewable Energy, Edison, Alpiq, Veolia, Orsted, Centrica, WGL Energy, Others |
| Market Value (2022) | USD 70 Billion |
These energy management systems are particularly relevant in the commercial & industrial sectors due to their huge energy consumption & the implementation of these systems would result in reduced energy costs for these sectors. The growing demand for customized energy solutions is another factor propelling market growth as EAAS providers allow their consumers to alter their energy usage according to their preferences, leading to higher consumer satisfaction as this model allows the consumers to avail more flexible & scalable energy services.
Furthermore, the revenue growth of the Energy as a Service Market is fueled by the growing urbanization and surging construction of residential & non-residential buildings around the globe. The construction of smart city projects announced by different countries like Saudi Arabia, The UAE, India, China, etc., would also lead to the expansion of the industry as these projects focus on energy utilization by using advanced technologies such as IoT and Big Data Analytics, further enhancing the Global Energy as a Service Market size.
Global Energy as a Service Market Driver:
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.
Global Energy as a Service Market Research Report (2024-2030) - Table of Contents
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Global Power Industry Outlook, 2023
- Generation, By Source
- Renewable
- Hydro
- Solar
- Wind
- Biomass Energy
- Geothermal
- Others
- Non Renewables
- Coal
- Natural Gas
- Oil
- Nuclear Energy
- Renewable
- Generation, By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- Government Initiatives, By Countries
- The US
- Canada
- Brazil
- The UK
- Germany
- Spain
- Saudi Arabia
- The UAE
- South Africa
- China
- India
- Others
- Others
- Generation, By Source
- Global Energy-as-a-Service Market, Startup, Investment, and Ecosystem
- Entrepreneurial Activity
- Year on Year Funding Received
- Funding Received by Top Companies
- Key Investors Active in the Market
- Series Wise Funding Received
- Seed Funding
- Angel Investing
- Venture Capitalists (VC) Funding
- Others
- Global Energy-as-a-Service Market Trends & Developments
- Global Energy-as-a-Service Market Dynamics
- Growth Drivers
- Challenges
- Global Energy-as-a-Service Market Hotspots & Opportunities
- Global Energy-as-a-Service Market Regulations and Policies
- Global Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- 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
- 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
- By Region
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
- By Company
- Competition Characteristics
- Revenue Shares & Analysis
- By Type
- Market Size & Analysis
- North America Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- By Country
- The US
- Canada
- Mexico
- The US Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Canada Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Mexico Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- South America Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Argentina Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Europe Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- By Country
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
- Germany Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- The UK Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- France Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Italy Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Spain Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- The Middle East and Africa Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- By Country
- The UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- The UAE Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Saudi Arabia Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- South Africa Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- By Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- China Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- India Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Japan Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- South Korea Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Australia Energy-as-a-Service Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2019-2030, USD Million
- By End Users- Market Size & Forecast 2019-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Global Energy-as-a-Service Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Company Profiles
- Engie
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Enel X
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Schneider Electric
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Ameresco
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Siemens
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- General Electric
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Honeywell
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Johnson Controls
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- EDF Renewable Energy
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Edison
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Alpiq
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Veolia
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Orsted
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Centrica
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- WGL Energy
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Engie
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making