Energy-as-a-Service Market By Type (Energy Saving, Energy Storage, and Energy Creation), By End-user (Commercial and Residential), By Region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America) - Global Forecast up to 2025
According to Report Ocean, the Global Energy as a Service Market is projeced to grow more than 10% during the forecast period. The market is growing owing to various factors such as increasing distributed energy resources and rising cost of renewable power generation and storage solutions.
However, uncertainty about the agreement structure is hinder the market.
The EaaS model is changing power purchases and energy management decisions. EaaS offers options in the energy management of buildings and reduces the cost of spending on energy.
With the focus on energy conservations and renewable energy sources, building managers are looking for ways to reduce green gas emission and maximize power consumption.
Key Segments Covered
- Energy Saving
- Energy Storage
- Energy Creation
The global Energy as a Service Market is further analyzed by segmenting the market into various geographical regions:
- North America
- Rest of the World (RoW)
North America accounts for the largest share of the global EaaS market in 2019. With many building technology vendors focusing on energy-efficient buildings, they are expected to dominate the market during the forecast period.
Many enterprises in this region are concentrating on enhancing the energy-efficient model and reduce costs in delivering/consuming energy as per needs.
The Asia Pacific region is expected to witness the fastest growth rate due to the increasing customer base of large enterprises. Even though the energy-as-a-service concept is typically new in the Asia Pacific region, energy remains a critical component for governments as well; the depletion of fossil fuels for electricity generation is a major concern.
The growth of the EaaS market is expected to enhance the green buildings concept, and proper support from governments would lead to usage-based metering of energy.
Competitive Analysis and Key Vendors
The report covers and analyzes the energy-as-a-service market. The major energy and utility vendors are focusing on on-demand energy consumption along with building automation and energy conservation.
The key players in the EaaS market are adopting various organic as well as inorganic growth strategies such as collaborations & partnerships, joint ventures, and few other strategies to be in a strong position in the market.
Some of the Key Playes in the Energy as a Service Market:
- Schneider Electric
- General Electric
- Johnson Controls
Schneider Electric acquired Renewable Choice Energy to diversify their overall energy strategy while focusing on clean energy sources. Siemens acquired KACO New Energy's solar inverter business to enhance its decentralized product portfolio with advanced technologies.
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Key Topics Covered
1 Executive Summary
1.1 Synopsis of Key Findings
2 Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Overview
2.1.2 Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter’s Five Force Analysis
3.3 Related Markets (Smart Facility Management and Blockchain in Energy Utilities)
4 Market Characteristics
4.1 Market Evolution (Smart Home, Smart Facility, Smart Cities, Automation)
4.2 Market Trends and Impact
4.3 Market Segmentation
4.4 Market Dynamics
4.4.1 Market Drivers
4.4.2 Market Restraints
4.4.3 Market Opportunities
4.4.4 DRO – Impact Analysis
5 By Type – Market Size and Analysis
5.2 Energy Saving
5.3 Energy Storage
5.4 Energy Creation
6 By End-user – Market Size and Analysis
7 By Geography – Market Size and Analysis
8 Competitive Landscape
9 Vendors Profile
For more information about this report visit www.reportocean.com/industr…t_id=IR386
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