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Energy as a Service (EaaS) Market Size

Report ID: GMI8479
Published Date: Jul 2024
Report Format: PDF

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Energy as a Service Market Size

Energy as a Service Market was reached USD 115.8 billion in 2023 and is anticipated to grow at over 8.8% CAGR from 2024 to 2032. These services offer comprehensive energy solutions to customers on a subscription or performance-based model while incorporating a range of services including energy supply, generation, storage, optimization, and management. EaaS provides tailored solutions to meet specific energy needs for providing benefits, such as cost savings, efficiency improvements, and sustainability.

Energy as a Service (EaaS) Market

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Furthermore, the shifting focus towards sustainability and the rising energy demand have led to favorable government incentives. Rising necessity for decentralized and resilient energy solutions along with the shift towards subscription-based models for energy services will also boost the market growth.

Energy as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2023
Energy as a Service Market Size in 2023:	USD 115.8 Billion
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	8.8%
2032 Value Projection:	USD 247.8 Billion
Historical Data for:	2021-2023
No. of Pages:	200
Tables, Charts & Figures:	150
Segments covered:	Type, End-Use and Region
Growth Drivers:	Increasing demand for energy efficient technologies Renewable energy integration Shift towards subscription-based energy Models
Pitfalls & Challenges:	Regulatory and policy constraints

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However, initial capital investment requirements, regulatory challenges, and complexity in project financing may deter the uptake of the services. The upfront costs of implementing renewable energy systems and improving energy efficiency can be high especially amongst small businesses and residential customers. Legal uncertainty and various policies in different sectors can also create challenges and delays in project implementation, affecting the market expansion.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of energy as a service size was worth USD 115.8 billion in 2023 and is projected to expand at over 8.8% CAGR from 2024 to 2032, due to the increasing demand for sustainable energy solutions, cost savings, and regulatory policies.

The operational and maintenance services type segment in the EaaS industry is anticipated to reach USD 113.5 billion by 2032, owing to the continued performance and reliability of energy systems.

The commercial end-use segment in the energy as a service (EaaS) industry is estimated to grow at 8.5% CAGR between 2024 and 2032, on account of the growing focus on cost savings and increasing need for the businesses and homeowners to decrease energy expenses.

Asia Pacific energy as a service (EaaS) industry will surpass USD 96.5 billion by 2032, attributed to the rapidly growing industrialization and urbanization across the region.