Global Energy as a service Market Research Report: Ken Research
by Rati Ram Business DeveloperAccording to study, “Global
Energy as a service Market Size study, by Type (power generation
services, energy efficiency and optimization services and operational and
maintenance services), End-user (commercial and industrial) and Regional
Forecasts 2018-2025” the key companies operating in the global
energy-as-a-service market are Edison Energy, Bernhard Energy Solutions, WGL
Energy Services, Contemporary Energy Solutions, Engie, EDF Renewable Energy,
Enel X, Smartwatt, Orsted, Solarus. The key companies are focusing on
penetrating geographies to expand their reach & gain new clients with
greater partner networks. Additionally, companies are also increasingly want to
pay a fixed subscription fee for various range of products, from efficiency
upgrades to the entire energy package.
Energy as a service or EaaS is termed as management
of one or more aspects of a customer’s energy portfolio including strategy,
energy supply, program management, energy use, and asset management by applying
new services, financing instruments, products, and technology solutions. It
consists of utility services companies, third-party vendors, and potential
business model disruptors deploying niche financing, technical, or procurement
solutions like solar PV power purchase agreements, deregulated electricity market
retail brokerage services and energy services performance contracts.
Based on type, energy-as-a-service market is
segmented into energy storage, energy saving and energy creation. Based on
service type, market is segmented into generation, optimization &
efficiency, operation & maintenance, and others. Energy optimization &
efficiency service segment includes an identification of energy saving
potential and optimization of existing construction energy services. In
addition, based on end-use industry, market is segmented into commercial
sector, industrial sector and others. Industrial segment is expected to witness
fastest growth rate owing to rise in de-carbonization & energy efficiency
standards during the forecast period.
The energy-as-a-service market is driven by growth
in new revenue generation streams for utilities, followed by decrease in cost
of renewable power generation & storage solutions, growth in advancement in
grid infrastructure, increase in need to provide clean & highly efficient
energy, rapid development in technologies, rise in availability of federal
& state tax benefits for energy-efficiency project and increase in
distributed energy resources. However, dominance of existing centralized
utility models and integration & deployment challenges may impact the
market. Moreover, increase in use of energy-efficiency technology and deeper
operational & maintenance savings are key opportunities for market.
Based on geography, the North-America is a leading
region in energy-as-a-service market owing to growth in standards & rise in
initiatives by governments, increase in energy consumption & price
volatility, growth in potential of renewable energy and increase in number of
smart communities, smart cities, and rise in demand for energy in industrial
& commercial needs in the region. The Asian-Pacific and European regions
are likely to witness higher growth rate due to growth in demand from power and
oil & gas industries over the forecast period. In upcoming years, it is
expected that the future of the market will be optimistic as a result of
presence of a large number of energy service providing organizations during the
forecast period. It is estimated that the market will be reached at US
$19,607.8 million by 2025.
For more information on the research
report, refer to below link:
Global
Energy as a service Market
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Created on Jan 9th 2020 01:36. Viewed 246 times.