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Utility Energy as a Service EaaS Market Trends

Report ID: GMI12330
Published Date: Nov 2024
Report Format: PDF

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Utility Energy as a Service Market Trends

Increasing complexity of energy management and the growing adoption of renewable energy sources will enhance the industry outlook. Improving government initiatives at local, state, and national levels, including regulatory incentives and mandates promoting energy efficiency and sustainability, will further drive product demand in the utility sector.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of utility energy as a service reached USD 2.1 billion in 2024 and is set to grow at a CAGR of over 11.1% from 2025 to 2034, driven by the rising demand for renewable energy.

The operational and maintenance services segment is anticipated to surpass USD 2.5 billion by 2034 due to the increasing adoption of energy-efficient technologies and renewable energy solutions.

The Asia Pacific market is poised to reach USD 1.5 billion by 2034, led by heightened awareness of climate change and rising government incentives for renewable energy adoption.

The key players in the industry include Ameresco, Budderfly, Bernhard Energy Solutions, Centrica Business Solutions, Capstone Green Energy Corporation, ENGIE Impact, Enel X, Honeywell International, Jakson Group, Johnson Controls, Siemens AG, Schneider Electric, and WGL Energy.