Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- 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.
The EaaS market is projected to reach USD 7,336.1 million by 2023, from an estimated USD 1,116.5 million in 2018, at a CAGR of 45.72% from 2018 to 2023.
This growth can be attributed to the rising energy consumption and price volatility and growing potential of renewable energy. Existing utility models and integration and deployment challenges can hinder the growth of the market.
Energy efficiency & optimization segment is expected to dominate the EaaS market from 2018 to 2023.
Energy efficiency & optimization segment is expected to hold the largest market share in 2018 and is estimated to be the fastest growing segment during the forecast period. The energy efficiency and optimization services help maximize the efficiency of a building's existing energy consuming systems. Reduction of operation costs, improving energy efficiency, increasing speed of energy equipment, and optimizing energy supply are the major factors driving the demand for EaaS in energy efficiency & optimization segment.
North America: The fastest growing market for EaaS
North America is estimated to be the largest market for EaaS in 2018 and is projected to grow at the highest CAGR during the forecast period. Government standards such as ISO 50001, ISO 9001, and ISO 14001 are driving the growth of energy efficiency resource acquisition programs in North America. The US accounted for the largest share of the EaaS market in North America in 2017 and has the highest CAGR during the forecast period. Almost all the countries in the region are augmenting their generation capacities. Rising renewable energy projects and energy efficiency standards by governments are expected to drive the growth of the EaaS market in North America.
The leading players in the EaaS market include GE (US), Siemens (Germany), Engie (France), Edison Energy (US), and EDF Energy (UK).
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
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