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Residential Energy as a Service (EaaS) Market Share

Report ID: GMI9367
Published Date: May 2024
Report Format: PDF

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Residential Energy as a Service Market Share

Eminent players are focusing on expanding their service portfolios including integrating renewable energy sources, smart home technologies, energy management platforms, and value added services to offer a comprehensive range of energy solutions tailored to the needs of residential consumers. Furthermore, to strengthen their market position and expand their reach, key players are forming strategic partnerships and acquiring complementary businesses. Leaders are also investing heavily in research and development to innovate new technologies and solutions including advancements in IoT, artificial intelligence, data analytics, and energy storage.

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Residential Energy as a Service Market Companies

Eminent players operating in the residential energy as a service are:

Ameresco
Budderfly
Bernhard Energy Solutions
Centrica Business Solutions
Capstone Green Energy Corporation
ENGIE Impact
Enel X
GridX.Inc
Honeywell International Inc
Johnson Controls
Jakson Group
Siemens AG
Schneider Electric
WGL Energy

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of residential energy as a service was reached USD 8.3 billion in 2023 and is anticipated to grow at 9.6% CAGR from 2024 to 2032, due to rising preference for renewable energy sources and rapid advances in smart home technologies.

Residential energy as a service (EaaS) market from the operational and maintenance services is anticipated to exceed USD 8.6 billion by 2032 owing to their quick identification and prompt issue address feature for minimizing downtime and maximizing energy output.

North America residential EaaS industry size may surpass USD 5.9 billion by 2032, led by the growing emphasis on energy efficiency and sustainability, fueled by concerns about climate change, the rising energy costs, and the need to reduce reliance on fossil fuels.

Some of the prominent residential energy as a service companies include Ameresco, Budderfly, Bernhard Energy Solutions, Centrica Business Solutions, and Capstone Green Energy Corporation.