The Energy as a Service Market is projected to grow at a CAGR 8% during the forecast period 2021-2027. This expansion can be attributed to factors such as new revenue streams for utilities, increased distributed energy resources, lower costs of renewable power generation and storage solutions, and the availability of federal and state tax breaks for energy efficiency projects.
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During the forecast period, North America is expected to hold the largest market share. Utilities in the United States, Canada, and Mexico are implementing energy efficiency projects in order to reduce energy generation costs. In the United States, new approaches such as pay-for-performance are being implemented to achieve greater energy efficiency in the commercial sector.
The report consists of the list of the vendor's profile of Energy as a Service market key players include Schneider Electric, Engie , Siemens , Honeywell, Veolia , Enel X , and EDF Renewable Energy
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