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North America Residential Energy as a Service (EaaS) Market Size

Report ID: GMI10145
Published Date: Jul 2024
Report Format: PDF

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North America Residential Energy as a Service Market Size

North America Residential Energy as a Service Market size was valued USD 2.5 Billion in 2023 and is anticipated to grow at a CAGR of 10% from 2024 to 2032. It refers to service providers delivering comprehensive energy solutions to homeowners through long-term service agreements. This solution typically involves the installation, maintenance, and management of energy systems such as solar panels, batteries, geothermal heating and cooling, and energy-efficient appliances.

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Rising adoption of services by homeowners which offer predictable monthly or annual energy costs, through fixed-rate contracts or subscription-based services is set to influence the industry growth. Increasing awareness of environmental issues and the benefits of energy efficiency is prompting homeowners to seek out sustainable energy solutions thereby boosting service demand.

North America Residential Energy as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Residential Energy as a Service Market Size in 2023:	USD 2.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10%
2032 Value Projection:	USD 5.9 Billion
Historical Data for:	2021 to 2023
No. of Pages:	70
Tables, Charts & Figures:	140
Segments covered:	Type and Country
Growth Drivers:	Energy efficiency and sustainability EaaS flexibility and scalability Government incentives and regulatory support
Pitfalls & Challenges:	Initial Investment Costs

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Rising technological advancements particularly in smart home automation and energy management systems providing consumers with greater control over their energy consumption patterns and costs are propelling the business scenario. Growing adoption of flexible services which helps homeowners to choose from various service plans tailored to their specific energy needs and adjust them over time as their circumstances change is driving the market growth.

Authors: Ankit Gupta , Pooja Shukla

Frequently Asked Questions (FAQ) :

North America residential energy as a service market size was valued USD 2.5 billion in 2023 and is anticipated to grow at 10% CAGR through 2032 due to energy efficiency and sustainability.

The energy supply services segment in the market is anticipated to grow by over USD 2 billion by 2032 owing to the rising adoption of convenient and hassle-free management services.

U.S. energy as a service industry is anticipated to exceed USD 5 billion by 2032 attributed to the increasing federal and state-level incentives.

Ameresco, Budderfly, Bernhard Energy Solutions, Centrica Business Solutions, DIF Capital Partners, Enel X, Enbridge Inc, Honeywell International Inc, Johnson Controls, Siemens AG, Schneider Electric, and WGL Energy