Energy as a Service Market 2030 Key Drivers and Industry Challenges
The global energy as a service market was valued at us$ 76.36 Bn. in 2023. Some of the causes driving the growth are an increase in Distributed Energy Resources (DER), tax benefits for energy efficiency initiatives, new revenue generation streams for utilities, as well as a reduction in the cost of renewable energy generation and storage. Renewable energy's increasing potential, price volatility, and increasing energy consumption are all driving factors in the market's growth. Organizations have gradually begun to seek out sustainable energy sources, which is expected to have a favorable impact on growth.