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Energy as a Service (EaaS) Market Analysis By Application, Types, Region And Business Growth Drivers By 2027

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Allied Market Research - Logo

Energy optimization & efficiency services are expected to hold the largest share of the EaaS market.

PORTLAND, PORTLAND, OR, UNITED STATE, December 13, 2021 / -- The growth of the global energy as a service market is driven by increase in renewable energy generation, and rise in energy efficiency activities. In addition, rise in demand for energy is a key driver of the global market. Moreover, rise in effort by building owners to reduce the energy cost of the buildings serves as the major driver of the market.

Furthermore, certain factors contributing toward the growth of the global energy demand include rise in renewable energy adoption, and increase in smart grid installations. Rapid advancement such as artificial intelligence & data mining and improvement of energy demand responsiveness in both commercial and residential sectors in developed regions significantly boost the overall growth of the market.

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Global energy as a service (EaaS) market is expected to witness slowdown during the forecast period, owing to the outbreak of the COVID-19 pandemic. Alarming increase in the cases of COVID-19 worldwide has had an adverse impact on the energy industry with manufacturing facilities temporarily shut, leading to a significant slowdown in the production. In addition, the outbreak resulted in disruption across the ecosystem with several supply chain participants shifting their production facilities outside China. Lockdown imposed by the governments has not only affected manufacturing but also declined consumer demand energy as a service.

Organizations are seeking for sustainable energy sources, which is anticipated to serve as a lucrative opportunity for the expansion of the market. Furthermore, factors such as development of the transportation sector by electrification, including the adoption of electric vehicle, increase in emphasis on sustainable energy, and rise in acceptance of distributed energy resources (DER) augment the growth of the global energy as a service (EaaS) industry.

Moreover, advancement in integrated distributed energy resource (IDER) utilizing data analytics and artificial intelligence in energy as a service (EaaS) industry are expected to create new avenues for the market growth. However, lack of skilled expertise and high development costs to upgrade the existing grid infrastructure are some of the factors that hamper the growth of the energy as a service (EaaS) market during the forecast period.

Prime Benefits from this Research Report:

• This study presents the analytical depiction of the global energy as a service (EaaS) industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global energy as a service (EaaS) market share.

• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global energy as a service (EaaS) market growth scenario.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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