Energy as a Service Market | Exactitude Consultancy Reports
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Energy As A Service Market by Service Type (Energy Supply Service, Operational & Maintenance Service, Energy Optimization & Efficiency Service) End-User (Commercial, Industrial) and Region, Global trends and forecast from 2022 to 2029
The global energy as a service market is expected to grow at a 10 % CAGR from 2020 to 2029. It is expected to reach above USD 199.55 billion by 2029 from USD 53.4 billion in 2020.
Segment Analysis
The global energy as a service market is segmented based on service type, and end-user. Based on service type, Energy optimization and efficiency services, operational and maintenance services, and energy supply services comprise the market. With a 58.55% market share in 2021, the energy supply service segment will dominate the market. The segment’s expansion is attributed to the rising population, which results in an increase in the number of customers in each region. Energy optimization and efficiency-as-a-service is a pay-for-performance, off-balance-sheet financing solution that enables customers to implement energy and water efficiency projects with no initial capital outlay. Implementing these services is cost-effective in the long run because the customer pays for services based on actual energy savings or other equipment performance metrics, resulting in immediate lower operating expenses. These factors are expected to fuel the segment’s expansion.
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