INDIA, PUNEE, Jan. 30, 2023 (GLOBE NEWSWIRE) — The global Energy as a service market The market size was estimated at USD 64.34 billion in 2021 and is expected to reach USD 70.46 billion by 2022. The market size reached USD 147.56 billion by 2029 and showed a CAGR of 11.1% during the forecast period. Reduced energy costs, lower carbon emissions and strong demand for renewable energy sources are likely to boost the industry’s progress. Fortune Business Insights™ presents this information in its report entitled Energy as a Service Market, 2022-2029.
key industry development
December 2021: Johnson Controls has introduced OpenBlue Net Zero Buildings as a Service. This launch could enable Johnson Controls to offer companies a one-stop shop to help them achieve their renewable energy and net-zero carbon emissions goals.
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Report Highlights:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast period 2021 to 2029 CAGR | 11.1% |
| Value prognosis 2029 | $147.56 billion |
| base year | 2021 |
| Market size in 2022 | $70.46 billion |
| Historical data for | 2018-2020 |
| number of pages | 198 |
| segments covered | Fuel type, by end user, application and region |
| growth accelerator | Strong energy demand in multiple sectors to drive market progress |
| Energy supply service will dominate the market due to increasing population and consumers |
Driving Factors
Strong energy demand in multiple sectors to drive market progress
Energy as a Service includes analytics, energy and technology sales. The product includes analytics, energy, technology sales and other personalized services. Strong energy demand across multiple sectors is expected to improve service uptake. Additionally, the rapid growth of charging stations and rising production rates should improve service adoption. In addition, the expansion of working hours in the automotive industry is expected to…
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