Energy as a Service Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Energy as a Service Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Energy as a Service market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Energy as a Service Reports Highlights

What is the size of the Energy as a Service Market?

The Global Energy as a Service Market size was valued at around USD 70 billion in 2022 is projected to grow at a CAGR of about 10.3% during the forecast period, i.e., 2023-28. The market growth is driven by various factors, such as the rise in the deployment of Distributed Energy Resources (DER) as well as the tax benefits that are provided by governments of the countries to deploy renewable sources of energy in new construction projects.

What do the growth prospects and trends look like in the Energy as a Service Industry?

Increasing Demand for Distributed Energy Resources – The shift of the power sector from traditional ways to modern approach has led to increased use of Distributed Energy Resources (DERs), such as on-site solar panels, fuel cells, and combined heat and power. According to the International Energy Agency, renewable energy resources are expected to account for approximately 95% of the global power capacity by 2026 to decrease the dependency on fossil fuels reduce carbon emissions.

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What Components are encompassed within Energy as a Service Market segmentation?

The report has divided the market into the following segments:

Renewable

-Hydro

-Solar

-Wind

-Biomass Energy

-Geothermal

-Others

Non Renewables

-Coal

-Natural Gas

-Oil

-Nuclear Energy

Generation, By Region

-North America

-South America

-Europe

-The Middle East Africa

-Asia-Pacific

Government Initiatives, By Countries

-The US

-Canada

-Brazil

-The UK

-Germany

-Spain

-Saudi Arabia

-The UAE

-South Africa

-China

-India

-Others.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

Engie

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

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Enel X

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Schneider Electric

-Business Description

-Product Portfolio

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-Recent Developments

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-Others

Ameresco

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Siemens

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-Recent Developments

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General Electric

-Business Description

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Honeywell

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Johnson Controls

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EDF Renewable Energy

-Business Description

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Edison

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Alpiq

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Veolia

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Orsted

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Centrica

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WGL Energy

-Business Description

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About Us-

MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.

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