New York, United States, April 12, 2024 (GLOBE NEWSWIRE) — The Global Energy as a Service Market Size is to Grow from USD 75.60 Billion in 2023 to USD 201.50 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 10.30% during the projected period.
Based on service type, the global energy as a service market is segmented into energy supply service, operational & maintenance service, and energy optimization & efficiency service. Among these, the energy supply segment is dominating the market with the largest revenue share through the forecast period. The rising population leads to an increasing number of customers ultimately leading to drive the market in this segment. Energy optimization & efficiency-as-a-service is a pay-for-performance, off-balance sheet financing solution that leads to the establishment of energy and water efficiency projects which is economical resulting in reduced operating expenses.   Based on the components, the global energy as a service market is segmented into solutions, and services. Among these, the service segment is witnessing significant growth through the forecast period. The growing awareness through government initiatives about energy conservation and usage of renewable energy is likely to propel the market. The production of an energy portfolio combined with different energy sources is also promoting the market demand.Based on the end-user, the global energy as a service market is segmented into commercial and industrial. Among these, the commercial segment is witnessing significant growth through the forecast period. The establishment of healthcare, educational institutions, airports, data centers, and others propelling the market demand in this segment. The prices of the commercial sector are higher than in the industrial sector thus it helps to implement energy-efficiency projects with no capital expenditure and validate energy savings. The significant number of commercial spaces and high electric consumption are likely to grow the market in the commercial segment.This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global energy as a service market based on the below-mentioned segments:
(GlobeNewsWire)