Top Players in Energy as a Service Market are Schneider Electric, Siemens, Honeywell, Veolia, Enel X, EDF Renewable Energy, General Electric, ENGIE, WGL, Edison Energy LLC, SMARTWATT, Bernhard Energy, Centrica, Johnson Control, and Orsted
Pune, India -- (SBWIRE) -- 03/25/2020 -- The global energy as a service market will derive growth from recent advancements in the methods to enable optimum use of renewable energy. According to a report by Fortune Business Insights, titled "Energy as A Service Market Size, Share and Global Trend by Service Type (Energy Supply, Operation & Maintenance, Optimization & Efficiency, Others), By End-User (Commercial, Industrial) and Geography Forecast till 2026," the market will benefit from the increasing awareness regarding the use of renewable energy.
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Energy as a service is an encompassment of the sale of energy, analytics, and personalized services. The growing adoption of energy as a service has primarily accounted for due to its ability to reduce the overall cost of building energy. The ability to reduce carbon emissions has led to wider product adoption across the world. The demand for energy as a service has risen drastically in recent years, owing to the increasing efforts taken to reduce global warming. The growing demand for this product in the commercial and industrial sectors will aid the growth of the market in the coming years.
List of the leading companies that are operating in the market:
EDF Renewable Energy
Edison Energy LLC
Centrica Johnson Control
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The report provides an in-depth analysis of the latest energy as a service market trends. It segments the market based on factors such as service type, end-users, and regional demographics. Leading elements have been highlighted among these criteria. The report discusses the competitive landscape detail. Based on extensive research analysis methods, the report provides forecast values for the market for the period of 2019-2026. The data included in this report is gathered through trusted sources. Analytical data is evaluated through a combination of primary as well as secondary research methods. Besides this, the information is obtained through opinions and interviews of world leaders.
"Increasing Investment in Optimum Product Use to Aid Market Growth"
The report summarizes several factors that have constituted an increase in energy as a service market size in recent years. The increasing investment in the research and development of this product will fuel the demand. In June 2019, Budderfly announced that it received USD 55 Mn funding for the rapid expansion of energy as a service. The funding would help suffice customer service needs, with regard to installation. Such huge funding will help the company expand on a global scale. This will not only help the company generate substantial energy as a service market revenue in recent years, but will have a direct impact on the growth of the global market in the coming years.
"North America to Hold the Largest Market Share; Increased Renewable Energy Generation to Aid Growth"
On the basis of regional demographics, the market has segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America will witness considerable growth in the coming years. The growing consumption of renewable energy and increased efforts to harness renewable energy will aid the growth of the market in this region. Additionally, the growing efforts taken to optimize the use of renewable energy by the public as well as private organizations will contribute to market growth. Having said that, the market in Asia Pacific will exhibit the highest CAGR in the coming years, driven by the increasing number of construction activities, coupled with the growing demand for energy as a service in this region.
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Key Industry Developments:
June 2019: MAN Energy solutions signed a global service agreement with the Wallem Group. The contract involves the supply of generators, turbochargers, spares and services, and abroad vessels that are currently managed by Wallem.
June 2019: Trimark Associates Inc. a leading provider of SCADA, metering, and energy storage technology solutions bagged a contract by the Clearway Energy Group for multisite monitoring and maintenance.
Major Table of Contents for Energy as a Service Market:
Key Energy as a Service Market Insights
Global Market Analysis, Insights and Forecast, 2015-2026
North America Market Analysis, Insights and Forecast, 2015-2026
Europe Market Analysis, Insights and Forecast, 2015-2026
Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
Latin America Market Analysis, Insights and Forecast, 2015-2026
Global Energy as a Service Market Revenue Share Analysis, By Key Players, 2020
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