The US Energy as a Service (EaaS) market is projected to grow at a modest CAGR during the forecast period (2022-2028). The key aspect that drives the growth of the market includes the increasing demand for energy across various end-user industries owing to increasing industrialization and urbanization. Increasing distributed energy grid systems and decreasing cost of renewable energy generation and storage solution across the country is also propelling the market growth. Increasing government funding for the development of energy efficiency projects is also anticipated to boost the market growth in the US during the forecast period. 

The US EaaS market suffered a downfall during the COVID-19 crisis as most of the economic activities were halted during Q1 and Q2 2020. The COVID-19 pandemic has disrupted the energy sector in the US. Due to the lockdown imposed by the government, many manufacturing units and commercial and industrial sectors were shut down. That has impacted the demand for power generation, thus leading to less power consumption. In addition, the delay in upcoming projects for energy efficiency generation has also impacted the manufacturing and production units. 

The US Energy as a Service (EaaS) market is bifurcated based on type and end-user. Based on type, the market is segmented into power generation services, operational and maintenance services, and energy efficiency and optimization services. Among these, the energy efficiency and optimization services segment is projected to grow at a higher pace during the forecast period. The rapid industrialization and commercial sector due to which the energy demand is increasing is further augmenting the demand for an effective energy management service. Hence accelerate the market growth. Based on end-user, the energy as a service market is categorized into commercial, industrial, and others (government). Among these, the energy as a service in industrial end-user is anticipated to hold the largest share in the market during the forecast period. Whereas the commercial sector is anticipated to be the fastest-growing during the forecast period.

Further, EDF Trading Ltd., Edison International, General Electric, Carrier Global Corp., Honeywell International Inc., United Technologies Corp., Wendel Energy Services, among others are some of the prominent players functioning in the US Energy as a Service (EaaS) market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

RESEARCH METHODOLOGY

The market study of the US Energy as a Service (EaaS) market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market.

• Whitepapers, research-papers, and news blogs

• Company websites and their product catalog

The report is intended for Energy as a Service (EaaS) companies, building and construction companies, transportation companies, chemical companies, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. US Energy as a Service (EaaS) Market Research and Analysis by Type

2. US Energy as a Service (EaaS) Market Research and Analysis by End-User 

The Report covers:

• Comprehensive research methodology of the US Energy as a Service (EaaS) 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 US Energy as a Service (EaaS) market.
• Insights about market determinants which are stimulating the US Energy as a Service (EaaS) market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.