The global energy as a service market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of +10.8%.
The growth potential of renewable energies is considered a key trend for the Energy market as a service during the forecast period. How renewable energy is driving energy transformation worldwide today. The government of different countries around the world is actively working to promote renewable energy projects that increase demand and the adoption of energy as a service, thus complementing market growth during the forecast period.
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Solar and wind energy remains the best option for investment. More than 37% of the total investment in the renewable energy sector in 2016 went to solar and wind energy projects worldwide, according to the FS-UNEP estimate; of these wind power accounted for 47% of the total investment in 2016. The World Wind Energy Council (GWEC) estimates that the total installed wind power capacity worldwide will likely reach 792GW in 2020, increasing from 497GW in 2016, adding an average of 72GW annually. According to GWEC, wind power could supply more than 20% of total global electricity by 2030 with an estimated installed capacity of 2,110GW. Since energy as a service improves existing energy consumption systems and also improves efficiency. Therefore, investments in renewable energy would increase the adoption of energy as a worldwide service. However, implementation problems are expected to hamper the growth of the energy market as a service during the forecast period.
On the basis of service type, the energy as a service market has been segmented as follows:
- Energy Supply Services
- Operational and Maintenance Services
- Energy Efficiency and Optimization Services
On the basis of end-user, the energy as a service market has been segmented as follows:
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Table of Content
Chapter 1 Global Energy as a Service Market Overview
Chapter 2 Global Economic Impact on Energy as a Service Industry
Chapter 3 Global Energy as a Service Market Competition by Manufacturers
Chapter 4 Global Energy as a Service Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Energy as a Service Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Energy as a Service Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Energy as a Service Market Analysis by Application
Chapter 8 Energy as a Service Manufacturing Cost Analysis
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