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North America Energy as a Service (EaaS) Market Trends

Report ID: GMI8772
Published Date: Apr 2024
Report Format: PDF

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North America Energy as a Service Market Trends

Surge in renewable energy integration driven by stringent regulations, along with increasing consumer demand for sustainability will augment the market statistics. Growing adoption of digital technologies and remote monitoring solutions is reshaping the energy management practices, enhancing operational efficiency, and enabling remote asset optimization, thereby strengthening product penetration. Furthermore, businesses and utilities can streamline operations, reduce operational costs, and focus on their core objectives by outsourcing the energy services thereby benefiting from expert support, which will drive the business scenario.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America energy as a service (EaaS) industry size was USD 35.7 billion in 2023 and is anticipated to witness 9.3% CAGR up to 2032, due to rising rate of outsourcing energy-related tasks, such as energy generation, storage, optimization, and management to a third-party provider.

U.S. energy as a service market is anticipated to exceed USD 67.5 billion by 2032, led by stringent environmental regulations and renewable energy mandates for incentivizing businesses and utilities to adopt sustainable energy solutions.

North America energy as a service market from the residential end-use segment is set to grow at over 10% CAGR from 2024 to 2032, owing to higher need for innovative financing models and subscription-based services to support homeowners gain access to advanced technologies.

Some of the prominent energy as a service companies are Ameresco, Inc., ABB Ltd, Bernhard Energy Solutions, Capstone Green Energy Corporation, Edison Energy, and Enel X.