Pune, India, Sept. 28, 2022 (GLOBE NEWSWIRE) — The global Energy-as-a-Service market will grow at a CAGR of 11.1%, reaching USD 147.56 billion during the forecast period 2021-2029. The market was valued at $64.34 billion in 2021. The market growth is attributed to factors such as reduced energy costs, lower CO2 emissions and strong demand for renewable energy sources, which are likely to boost the progress of the industry.
key industry development
- 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.
- German engineering group Man Energy Solutions and Hong Kong-based maritime solutions provider Wallem Group have signed a global key account management agreement. Under the terms of the agreement, MAN will supply spare parts and services for its turbochargers, generators and engines that are onboard vessels managed by Wallem Group.
- US-based EaaS specialist Budderfly, in partnership with Connecticut Innovations, secured $55 million in growth capital and project financing from Balance Point Capital. With the participation of the State of Connecticut, Budderfly will leverage the funding for customer project installations in the state and also expand its product offering.
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Report Highlights:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast period 2022 to 2029 CAGR | 11.1% |
| Value prognosis 2029 | $147.56 billion |
| base year | 2021 |
| Market size in 2021 | $70.46 billion |
| Historical data for | 2018-2020 |
| number of pages | 198 |
| segments covered | By service type, by end user, and by region |
| growth accelerator | Increasing energy consumption contributes to massive growth |
| Strong energy demand in multiple sectors to drive market progress |
Market Highlights:
Increasing energy consumption contributes to massive growth
As a result of increasing industry and…
