The North America Energy as a Service (EaaS) market is projected to grow at a modest CAGR during the forecast period (2022-2028). The global energy as a service market in North America is driven by the factors such as rising industrialization across the region and increasing focus on reducing energy costs. The other factors such as increasing distributed energy sources, reducing renewable power generation cost, and government support in form of rebates and tax benefits for new energy efficiency projects are projected to drive the scope of energy as a service market in North America during the forecast period. Furthermore, the North America energy as a service market is significantly driven by the increasing focus of end-users towards maintaining energy consumption. For instance, WGL Energy Systems (WGL Energy) offers the Resilient Energy Supply Node (RESNode), an EaaS solution that is intended to offer the US Department of Defense with considerable flexibility in securing cyber secure, highly dependable, and grid-independent electricity generation.
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The North America EaaS market is hardly hit by the impact of the COVID-19 pandemic. Most of the manufacturing units were shut down during the initial months of the COVID-19 across the major economies in North America. Lockdowns imposed by the governments regarding the COVID-19 outbreak have not only affected manufacturing however also affected the upcoming energy efficiency projects for renewable energy generation. Due to which the market experienced a decline in growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
North America Energy as a Service (EaaS) Market, By Type
- Power Generation Services
- Operational and Maintenance Services
- Energy Efficiency and Optimization Services
North America Energy as a Service (EaaS) Market, By End-User
- Commercial
- Industrial
- Others (Government)
Regional Analysis
- United States
- Canada
Company Profiles
- Bernhard Energy Solutions
- Carbon Lighthouse Inc.
- Blackstone Energy Services Inc.
- Centrica plc
- EDF Trading Ltd.
- Edison International
- Entegrity Energy Partners, LLC
- Flywheel Energy, LLC
- General Electric
- Noresco
- Honeywell International Inc.
- Smartwatt Inc.
- United Technologies Corp.
- WGL Holdings, Inc.
- Wendel Energy Services
The Report covers:
- Comprehensive research methodology of the North American Energy as a Service market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American Energy as a Service market.
- Insights about market determinants that are stimulating the North America Energy as a Service market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of the market players.
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