Energy service helps the facility to provide customers with several solutions, such as program management, supply of energy, financing instruments, asset management by applying new products. In the past few decades, there has been an increased demand for the energy sources, which contributes to the growth of the market in the estimated forecast period. Moreover, decreasing cost of renewable power generation and storage solutions, also boost the market growth in the estimated forecasts period. However, some of the factors such as increased dominance of existing centralized utilities are some of the major attributes which hamper the market growth.
Global Energy as a Service Market: Key Players
The research study includes profiles of leading companies operating in the global energy as a service market. Key players profiled in the report include: WGL Energy, Engie, Schneider Electric, Siemens, Johnson Controls, General Electric, EDF Renewable Energy, Edison, Alpiq and Enel X. In May 2019, Engie was awarded an energy efficiency performance contract by UAC Berhad, a Malaysian manufacturing company, to improve energy efficiency by more than 18% electricity costs savings, up to 520 tons of CO2 per year. The agreement was signed to improve the energy efficiency of the compressed air system at UAC. ENGIE intends to strengthen its capabilities for energy as a service.
Opportunities for the Global Energy as a Service Market:
Some of the factors such as increased demand for the operational activities and maintenance and saving of the energies are some of the major attributes which have an impact on the increased demand for the market. In the past few decades, there has been an increased demand for the technology for the conservation of the energy which is some of the major attributes which have an impact for the increased demand for the market in the estimated forecasts period.
Restrains for the Global Energy as a Service Market:
Some of the factors such as changes in the agreement structure are likely to have an impact on the market. Moreover, increased dominance of existing and centralized utility modes is likely to have an impact on the growth of the market. In the past few years, there has been a constraint in the ownership of the building, which is some of the major attributes which have an impact on the growth of the market.
Region Wise, Global Energy as a Service Market Analysis:
North America anticipated having the largest share in the market. This can be attributed to the increased use of the utilities in several countries such as Canada, U.S. and Mexico, which are some of the major factors which boost the growth of the market in the estimated forecasts period. Moreover, some of the new concepts such as pay-for-performance are being introduced in the U.S. to achieve energy efficiency at a larger scale in the commercial sector. These contribute to the growth of the market in the estimated forecasts period.
Global Energy as a Service Market: Product Analysis
- Supply Services
- Demand Services
- Energy Optimization Services
Global Energy as a Service Market: Application analysis
Global Energy as a Service Market: Region Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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