Energy as a Service Market Size to Grow Worth USD 147.56

Pune, India, Sept. 28, 2022 (GLOBE NEWSWIRE) — The global Energy as a Service market to grow at a CAGR of 11.1% and reach USD 147.56 billion during forecast period of 2021-2029. The market was valued USD 64.34 billion in 2021. The market growth is attributed to factors such as the reduced energy costs, decreased carbon emissions, and strong demand for renewable energy resources are likely to enhance the industry’s progress.

Key Industry Development

• Johnson Controls launched OpenBlue Net Zero Buildings as a Service. This launch may allow Johnson Controls to offer companies a one-stop shop to help them achieve renewable energy goals and net-zero carbon.
• The German engineering MNC, Man Energy Solutions, and the Hong Kong-based maritime solutions provider, Wallem Group, signed a Global Key Account Management contract. Under the agreement, MAN will supply spares and services to its turbochargers, generators, and engines that are aboard vessels managed by Wallem Group.
• The US-based EaaS specialist, Budderfly, secured growth equity and project debt funding worth USD 55 million from Balance Point Capital in partnership with Connecticut Innovations. With participation by State of Connecticut, Budderfly will utilize the funding to customer project installations in the state and also expand its product offerings.

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Report Highlights:

Market Highlights:

Rising Energy Consumption…