Energy as a Service Market to Reach $112.7 Bn, Globally, by 2030 at 7.6% CAGR: Allied Market Research
Rise in energy efficiency, availability of finances and subsidies, and adoption from the residential sector drive the growth of the global energy as a service market
PORTLAND, Ore., Jan. 19, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Energy as a Service Market by Type (Energy Supply Services, Maintenance & Operation, Energy Efficiency & Optimization and Others), End User (Industrial and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global energy as a service industry generated $54.4 billion 2020, and is expected to reach $112.7 billion by 2030, witnessing a CAGR of 7.6% from 2021 to 2030.
Drivers, restraints, and opportunities
Rise in energy efficiency, availability of finances and subsidies, and adoption from the residential sector drive the growth of the global energy as a service market. However, high technological costs and information barriers and uncertainties hinder the market growth. On the other hand, integration of renewable energy and electrification of transportation and commercial buildings present new opportunities in the coming years.
Download Sample PDF (204 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/7243
Covid-19 Scenario
- The demand for energy as a service reduced considerably from the commercial sector, while increased from the residential sector. There were restrictions in providing energy supply services and maintenance activities due to lockdown restrictions.
- As companies were struggling to keep up with fixed costs and striving to lower down the impact of Covid-19, the huge capital investments have been put off, cancelled, or delayed. This led to the negative impact on the EaaS market.
The energy supply services segment to continue its lead position during the forecast period
Based on service, the energy supply services segment accounted for the highest share in 2020, contributing to nearly two-fifths of the global energy as a service market, and is expected to continue its lead position during the forecast period. This is attributed to rise in electric-driven heavy manufacturing and transportation equipment. However, the maintenance & operation segment is expected to manifest the highest CAGR of 8.0% from 2021 to 2030.
Get detailed COVID-19 impact analysis on the Energy as a Service Market: https://www.alliedmarketresearch.com/request-for-customization/7243?reqfor=covid
The commercial segment to continue its leadership status during the forecast period
Based on end use, the commercial segment contributed to the largest share in 2020, accounting for more than three-fifths of the global energy as a service market, and is estimated to continue its leadership status during the forecast period. This is due to requirement of continuous and stable electricity supply for continuous operations from commercial complexes, shops, malls, data centers, and other industrial applications. However, the industrial segment is projected to portray the largest CAGR of 8.0% from 2021 to 2030, owing to deployment of distributed energy generation, adoption of automation technologies, and development of local energy resources.
Asia-Pacific, followed by North America, to continue its dominance in terms of revenue by 2030
Based on region, Asia-Pacific, followed by North America, held the highest market share in 2020, accounting for around one-third of the global energy as a service market, and is expected to continue its dominance in terms of revenue by 2030. Moreover, this region is expected to witness the fastest CAGR of 8.2% during the forecast period. This is due to Rapid growth of smart energy infrastructure, adoption of green building models, and rise in government support toward achieving sustainability goals. Moreover, rapid adoption of energy as a service model in developing countries such as China, Japan, India, and Australia with rapid expansion of distributed energy generation, renewable energy, electric vehicle, smart grid, and other sectors supplement the growth. Other regions discussed in the report include North America, Europe, and LAMEA.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/7243
Leading Market Players
- · Veolia
- · Honeywell International Inc.
- · EDF Renewables
- · Enel X
- · Schneider Electric SE
- · Engie SA
- · Johnson Controls International
- · WGL Energy
- · Alpiq
- · General Electric
Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/energy-as-a-service-eaas-market/purchase-options
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports We Have:
Energy Harvesting System Market is projected to reach $1,057.7 million by 2030, growing at a CAGR of 7.5% from 2021 to 2030.
Smart Energy Market is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.
Power Distribution Unit Market is projected to reach $7.9 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030
Power Plant Control System Market is projected to reach $10.4 billion by 2030, growing at a CAGR of 3.6% from 2021 to 2030.
Nanotechnology in Energy Market is projected to reach $384.8 million by 2030, growing at a CAGR of 6.5% from 2021 to 2030.
Electric Service Companies (ESCO) Market is projected to reach $49.6 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. ESCO
Geotechnical Services Market is projected to reach $3.7 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030.
Electrical House (E-house) Market is projected to reach $2.3 billion by 2030, growing at a CAGR of 6.4% from 2021 to 2030.
Distributed Energy Generation Market is forecasted to reach $919.6 billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030.
Pre-Book Now with 10% Discount:
Electric Control Panel Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Power Distribution Component Market: Global Opportunity Analysis and Industry Forecast, 2021–2030
Power Pedestal Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Electric Fuse Market: Global Opportunity Analysis and Industry Forecast 2020 – 2027
Electric Insulator Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter
SOURCE Allied Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article