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Energy as a Service (EaaS) Market Trends

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

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Energy as a Service Market Trends

Rising demand for integrated energy solutions for offering comprehensive services tailored to specific customer needs will favor the market growth. The shift towards outcome-based models and performance contracts is gaining traction for ensuring that energy providers are incentivized to provide tangible results. Moreover, rapid advancements in digital technologies and analytics are enhancing the energy management capabilities for enabling more efficient and data-driven decision-making processes.

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.