Energy as a Service (EaaS) Market Analysis by End User (Industrial, and Commercial); and by Service Type (Energy Efficiency & Optimization, Maintenance & Operation, Energy Supply Services, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

  • Product Code:
    RP-ID-10154296
  • Published Date:
    21 Oct 2022
  • Region:
    Global
  • Category:
    ICT & Telecom
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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 Energy as a Service (EaaS) Market

Base Year

2022

Forecast Year

2023-2033

CAGR

~8%

Base Year Market Size (2022)

 ~ USD 63.o Billion

Forecast Year Market Size (2033)

~ USD 120.0 Billion

 

Global Energy as a Service (EaaS) Market Highlights Over 2023 - 2033

The global energy as a service (EaaS) market is estimated to garner a revenue of USD 120.0 Billion by the end of 2033 by growing at a CAGR of ~8% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 63.0 Billion in the year 2022. The growth of the market can be attributed to the rising energy consumption. For instance, there has been an increased in the energy consumption in China, United States, and Russia by more than 5 per cent, 4 per cent and 9 per cent in the year 2021.

 

energy-as-a-service-(EaaS)-market

 

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Energy-as-a-service (EaaS) refers to a business model in which customers pay for energy services without making any initial capital investment. EaaS models typically take the form of a subscription for a service company's electrical devices or energy usage management to deliver the desired energy service. The EaaS model has benefited consumers by promoting advanced technology, as well as its potential for increasing the deployment of low-carbon technologies. Hence, growing need for reduction of carbon dioxide is expected to drive the growth of the global energy as a service (EaaS) market. For instance, there has been rise in the carbon dioxide emissions from industry and fossil fuels accounting to more than 35 Billion metric tons in the year 2019.

Global Energy as a Service (EaaS) Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Smart Grid Installations –There has been increasing smart grid installations across the globe that is anticipated to rise the growth of the global energy as a service (EaaS) market. According to the U.S Energy Information Administration, there has been nearly 102.9 Million advanced smart meter infrastructure installations in the year 2020 by the U.S. electric utilities.

  • Surging Potential of Renewable Resources– More than 30 per cent of the electricity across the globe generate from renewables including wind, solar, and hydropower.

  • Increase in Price Volatility – According to the World Bank, the world’s bank energy price index has increased by 26.3 per cent between January and April 2022

  • Rising Demand for Sustainable Energy Sources – The share of renewables in the global electricity generation has raised from 27 per cent in 2019 to 29 per cent in 2020.

Challenges

  • High Cost for the Deployment of Infrastructure

  • Complexity in Getting Real Time Information for Energy as a Service Model

  • Lack of Awareness Among the Organizations

The global energy as a service (EaaS) market is segmented and analyzed for demand and supply by end user into industrial, and commercial. Out of these, the commercial segment is anticipated to hold the largest share over the forecast period owing to the surge the demand for energy consumption among the commercial areas such as data centers, restaurants, and others. According to the U.S. Energy Information Administration, 28 per cent of the total U.S energy consumption in the year 2021 accounted for transporting goods and people from one place to another.

Global Energy as a Service (EaaS) Market Regional Synopsis

Regionally, the global energy as a service (EaaS) market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of high dependence on cheaper, increasing energy as a service trend, and reliable energy.

The market in the Asia Pacific region is expected to witness the fastest growth over the forecast period owing to the rising inclination towards digitalization, and rising need for reduction of carbon dioxide. For instance, In the year 2020, China released more than 10 Billion metric tons of carbon dioxide emissions.

Market Segmentation

Our in-depth analysis of the global energy as a service (EaaS) market includes the following segments:

By End User

  • Industrial

  • Commercial

By Service Type

  • Energy Efficiency & Optimization

  • Maintenance & Operation

  • Energy & Supply Services

  • Others

 

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Key Companies Dominating the Global Energy as a Service (EaaS) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global energy as a service (EaaS) market that are included in our report are Schneider Electric, Enel Spa, Centrica plc, Honeywell International Inc., Veolia Environnement SA, Bernhard, General Electric, WGL Holdings, Inc., ENGIE Group, Johnson Controls, and others.

Global Energy as a Service (EaaS) Market: Latest Developments

  • November, 2021: General Electric, announced the plans to transform its three public companies focused on growth sectors of aviation, healthcare, and energy.

  • December, 2021: Schneider Electric, and Temasek announced the launch of GreeNext that provides sustainable and resilient energy solutions to industrial and commercial customers through battery and solar hybrid microgrid technology.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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  1. Schneider Electric
  2. Enel Spa
  3. Centrica plc
  4. Honeywell International Inc.
  5. Veolia Environnement SA
  6. Bernhard
  7. General Electric
  8. WGL Holdings Inc.
  9. ENGIE Group
  10. Johnson Controls
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