The Energy as a service market is forecasted to reach USD 100.34 billion by 2030 from an estimated USD 51.88 billion in 2024, at a CAGR of 11.6% during the forecast period (2024-2030). Energy as a Service (EaaS) is the process in which customers pay for energy services by means of subscription or pay-per-use, rather than installing a large piece of energy infrastructure. This in effect provides businesses and consumers access to energy solutions like renewable energy generation, energy efficiency upgrades, and energy management systems without the burden of ownership and maintenance. There are three key trends that define the EaaS market, viz., growing adoption of renewable energy sources, growing smart grid technologies, and the rise in reliance on data-driven decision making for energy management.
The top companies in energy as a service industry are majorly following investments, expansions, contracts, agreements, partnerships, funding, and acquisition as the strategy to grow and expand the market.
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Schneider Electric
Schneider Electric is one of the leaders in digital transformation of energy management and automation. It specializes in industrial automation, energy management, digital automation, sustainability, innovation, digitalization, artificial intelligence, engineering, cybersecurity, renewables, digital supply chain, manufacturing, electrification, building management systems, power systems and services, microgrids, industrial software design and optimization, solar and energy storage, and software-centric automation & solutions. The company has geographical reach across North America, Europe, Asia, Middle East & Oceania, and Africa region.
Ameresco
Ameresco is a leading clean technology integrator with a comprehensive portfolio of energy efficiency and renewable energy supply solutions. It specializes in energy as a service, energy efficiency, renewable energy, energy information management, energy infrastructure management, energy supply management, energy savings performance contracts (ESPC), central plants, distributed generation, solar and power purchase agreements (PPA), microgrids and storage, EV infrastructure, sustainability advisory, renewable natural gas, and asset sustainability.
Related Reports:
Energy as a Service (EAAS) Market by Type (Energy Supply Services, Operational & Maintenance Services, Energy Efficiency & Optimization Services), End User (Industrial, Commercial), Region (NA, Europe, APAC, South America, MEA) - Global Forecast to 2030
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