Global Energy as a Service Market 2018-2023: Market to Grow at a CAGR of 45.72% - Leading Players are GE, Siemens, Engie, Edison Energy, and EDF Energy

DUBLIN, Feb. 14, 2019 /PRNewswire/ --

The "Energy as a Service Market by Service Type (Generation, Operation & Maintenance, Optimization & Efficiency), End-User (Industrial Sector and Commercial Sector), and Region (North America, Europe, Asia Pacific, and RoW) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The global EaaS market is estimated to be USD 1,116.5 million in 2018 and is projected to reach USD 7,336.1 million by 2023, growing at a CAGR of 45.72% from 2018 to 2023.

Rising energy consumption and price volatility and growing potential of renewable energy are the major drivers of the EaaS market.

The report segments the EaaS market, by service type, into generation, operation & maintenance, and energy efficiency & optimization. The energy efficiency & optimization segment is expected to dominate the market in 2018 due to its advantages such as reduction of operating costs, energy savings, and increasing energy efficiency by improving the speed of energy equipment through monitoring. The energy saving potential is identified after evaluating existing energy systems in the building through an energy audit. ISO 50002 defines an energy-auditing process to create energy savings.

Based on end-user, the EaaS market has been segmented into industrial and commercial. The industrial segment is expected to hold the largest market share in 2018 and is the fastest growing market from 2018 to 2023. Increase in investments for clean and efficient power supply is one of the key factors driving the industrial end-user segment of the EaaS market during the forecast period.

In this report, the EaaS market has been analyzed with respect to four regions, namely, Asia Pacific, Europe, North America, and the Rest of the World. The Rest of the World includes South America, Africa, and the Middle East. The North American region is expected to hold the largest market share in 2018 and is the fastest growing market from 2018 to 2023. Factors such as increased energy consumption, government mandates on energy efficiency, and rising influx of renewable sources in the energy mix are driving the EaaS market in the North American region.

EaaS is the comprehensive management of a customer's energy portfolio including energy assets, operations, and services that include supply, demand, and program management often incorporating new products, services, and technology solutions. The market currently consists of third-party vendors, electric companies, energy service companies, and others. They seek to deploy niche technical, financing, or procurement solutions such as solar power-purchase agreements (PPAs), energy services performance contracts, and electricity market retail brokerage services.

The growth of decentralized energy systems and need for clean, flexible, low-cost energy can create opportunities in the EaaS market. However, integration and deployment challenges and existing utility models could restrain the growth of the EaaS market, leading to declining profits.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Energy-as-a-Service Market, By Country
4.2 Energy-as-a-Service Market, By Service Type
4.3 Energy-as-a-Service Market, By End-User
4.4 Asia Pacific Energy-as-a-Service Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Energy Consumption and Price Volatility
5.2.1.2 Growing Potential of Renewable Energy
5.2.2 Restraints
5.2.2.1 Integration and Deployment Challenges
5.2.2.2 Dominance of Existing Centralized Utility Models
5.2.3 Opportunities
5.2.3.1 Backward and Forward Integration
5.2.4 Challenges
5.2.4.1 Results Manifest With Scale

6 Energy as a Service Market, By Service Type
6.1 Introduction
6.2 Power Generation Services
6.3 Operational and Maintenance Services
6.4 Energy Efficiency and Optimization Services

7 Energy as a Service Market, By End-User
7.1 Introduction
7.2 Commercial
7.3 Industrial

8 Energy as a Service Market, By Region
8.1 Introduction
8.2 Asia Pacific
8.2.1 China
8.2.2 Australia
8.2.3 Japan
8.2.4 Rest of Asia Pacific
8.3 Rest of the World
8.3.1 Middle East
8.3.2 South America
8.3.3 Africa
8.4 North America
8.4.1 US
8.4.2 Canada
8.5 Europe
8.5.1 The UK
8.5.2 Germany
8.5.3 France
8.5.4 Italy
8.5.5 Spain
8.5.6 Rest of Europe

9 Competitive Landscape
9.1 Overview
9.2 Ranking of Players & Market Structure
9.3 Competitive Scenario
9.3.1 Contracts & Agreements
9.3.2 New Product Launches
9.3.3 Expansions
9.3.4 Mergers & Acquisitions

10 Benchmarking

11 Company Profiles
11.1 WGL Energy Services
11.2 Engie
11.3 Bernhard Energy Solutions
11.4 Enel X
11.5 Edison Energy
11.6 Solarus
11.7 rsted
11.8 Smartwatt
11.9 Contemporary Energy Solutions
11.10 EDF Renewable Energy
11.11 GE
11.12 Siemens
11.13 Enertika

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/l5qmlt/global_energy_as?w=5

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