Fixed Subscription Pay is One of the Key Attributes of the EaaS Model
" The global energy-as-a-service market is expected to witness a CAGR above 10% during the forecast period 2019–2025 to reach revenue of ~$250 billion by 2025 "
Bangalore, India, August 26, 2019: With its recently published study “Global Energy-as-a-Service Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for Energy-as-a-Service is expected to grow, owing to the increasing need to implement renewable energy sources and decentralized energy generation.
Energy-as-a-Service (EaaS) finds significant interest from the commercial or industrial sector owing to better and controlled energy management. There is an increasing need for organizations to reduce carbon emissions and procure energy at fixed subscription rate from energy providers. The trend of energy management is likely to deviate from traditional energy consumption, especially in North America and Europe during the forecast period 2019–2025. This trend is fueling the decentralization of energy generation, and saving is helping the market to grow at a CAGR of more than 10% to reach revenue of ~$250 billion by 2025.
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North America is dominant in the adoption of EaaS, followed by Europe and Asia Pacific. North America is expected to invest in order to reduce their cost concerns and manage energy efficiently. The vendors are all focusing on early market entry and capitalizing on grabbing major market share. Asia Pacific is poised to grow at the highest CAGR as the region holds great potential, owing to greater need to manage energy for the commercial sector to control energy and power distribution.
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Energy saving is majorly contributing toward the EaaS market as with a greater number of renewable sources of energy and its management coming up, it is important to conserve and channelize the energy to power consumption. The other two significant shares for the EaaS market are attributed to energy saving and energy creation, which focus on decentralized energy availability and reduce power dissipation. Energy & utility vendors are expected to use energy-as-a-service to meet the growing need to conserve energy at residences and industries.
“EaaS is transforming the way energy is distributed and billed with its subscription-based fixed metering for energy sources. The commercial sector is expected to boost the EaaS market with more focus on decentralized renewable and sustainable energy storage and saving,” pointed out Swarup Bhowal, Research Analyst, Infoholic Research
Segmentation of the Report Include:
- Energy Saving
- Energy Storage
- Energy Creation
- Organization Size:
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East Africa
- South Africa
- Rest of Middle East Africa
- Latin America
- Rest of Latin America
- North America
- Industry outlook: Market trends, drivers, restraints, and opportunities