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Crisis or no Crisis, the World Cannot Afford to Ignore Innovative Energy Solutions. Energy-as-a-Service to Reach US$88.4 Billion by 2027
The global market for Energy-as-a-Service is projected to reach US$88.4 billion by the year 2027, trailing a CAGR of 8.6% over the analysis period 2020 through 2027. For companies electricity accounts for a major share of expenditure.
In the post pandemic period, investments on the crumbling energy infrastructure will push up electricity prices. Providing clean power to smart connected cities will lead to increased integration of expensive renewable which will add to rising energy prices. Stringent energy efficiency mandates will exert added pressure on companies to save energy. Energy-as-a-Service (EaaS) will grow in importance to be a part of the smart energy community for its ability to reduce energy costs.