Home / Press Release / Global Energy as a Service Market Expected to Grow At a CAGR of 11.9% During the Forecast Period

Global Energy as a Service Market Expected to Grow At a CAGR of 11.9% During the Forecast Period

The latest market report published by Credence Research, Inc. “Energy as a Service Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the energy as a service market was valued at US$ 42.35 Bn in 2018 and expected to grow at a CAGR of 11.9% during the forecast period from 2019 to 2027.

Market Insights

"Increasing adoption for distribution energy resources along with decreasing cost of renewable power generation and storage will upgrade the market growth during the forecast period"

Energy as a service (EaaS) can be defined as one or more aspects of a customer’s energy portfolio including strategy, pr0ogram management, energy supply, energy use, and asset management by applying new products, services, financing instruments, and technology solutions. EaaS market consists of third-party vendors, utility services companies, and potential business model disruptors deploying niche technical, financing, or procurement solutions like solar PV power purchase agreements, energy services performance contracts, and deregulated electricity market retail brokerage services.

The drivers for energy as a service market are rising energy consumption and price volatility, and growing potential of renewable energy. Several trends are expected to come together to push the growth of the energy as a service market during the forecast period. Corporations have increasingly been looking for sustainable or renewable resources of energy. The restraints for energy as a service market are integration and deployment challenges, and dominance of existing centralized utility models. Backward and Forward Integration are presenting opportunities for the EaaS market. The major challenge for the EaaS market is the results manifest with scale which is expected to hinder the EaaS market.

Key Industry Developments:

Key Market Movements:

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/energy-as-a-service-market

The Global Energy as a Service Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 By Service Type (2017–2027; US$ Bn)

 By End-user (2017–2027; US$ Bn)

 By Geography (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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