Cision PR Newswire
Guidehouse Insights Estimates Global Market for Energy as a Service (EaaS) Will Grow to Over $2 Billion by 2031
News provided byGuidehouse Insights
Jan 26, 2023, 5:15 AM ET
Market drivers include energy savings, resilience, corporate sustainability and decarbonization goals
BOULDER, Colo., Jan. 26, 2023 /PRNewswire/ -- A new report from Guidehouse Insights analyzes the global market for energy as a service (EaaS).
A notable area of growth in the last couple of years for EaaS has been in small and medium-sized buildings (SMBs). Large commercial building owners and tenants usually have dedicated facility managers as well as dedicated building management budgets that enable them to invest in and manage energy efficient technologies. According to a new report from Guidehouse Insights, the value of EaaS for SMBs is expected to increase from $468.5 million in 2022 to $2.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 19.8% during the period.
"The global market for EaaS has been growing throughout 2022 despite the global economic slowdown and is rapidly evolving to meet the changing needs of customers," says David Gonzalez, research analyst with Guidehouse Insights. "Expanding capabilities in onsite energy generation and storage, sustainability commitments, extreme weather events, and other factors are contributing to the EaaS evolution in the market landscape."
Multiple market drivers have supported the adoption of the EaaS financing model for SMBs, including energy savings and strong sustainability commitments. Customers are attracted to EaaS financing because it allows them to address sustainability, resiliency, and deferred maintenance while upgrading facilities with OPEX-only payments and immediate ROI, according to the report.
The report, Energy as a Service for Small and Medium Sized Buildings, is based on extensive primary and secondary research. Interviews with a range of market stakeholders were conducted to collect information on market trends and inform assumptions on estimated market revenues. In addition to primary research, Guidehouse Insights created an EaaS case study database that includes over 100 examples of EaaS projects around the world. This database informed estimated segmentation and assumptions on market size and growth. The model was built by analyzing upfront and recurring revenues and then adding the two together. Upfront revenue is defined as investment associated with EaaS contracts. Recurring revenue is defined as operations and maintenance, administrative, and other service revenues captured by EaaS vendors. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has over 16,500 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
*The information contained in this press release concerning the report, Energy as a Service for Small and Medium Sized Buildings, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
View original content to download multimedia:https://www.prnewswire.com/news-releases/guidehouse-insights-estimates-global-market-for-energy-as-a-service-eaas-will-grow-to-over-2-billion-by-2031-301729840.html
SOURCE Guidehouse Insights