X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    Solar Panel Recycling in Mexico

    Solar Panel Recycling in Mexico LONGi Partners with Rafiqui

    AI Boom Drives Energy Infrastructure

    AI Boom Drives Energy Infrastructure Investment Surge

    SupergridEurope Pushes Pan European

    SupergridEurope Pushes Pan European Electricity Supergrid

    Huawei Grid Forming Energy Storage Systems Lead the Way

    Huawei Grid-Forming Energy Storage Systems Lead the Way

    Victoria Leads in Fast Tracking Renewable Energy Projects

    Victoria Leads in Fast-Tracking Renewable Energy Projects

    Nigeria-Leads-Mission-300-for-Energy-Access-Across-Africa

    Nigeria Leads Mission 300 for Energy Access Across Africa

    Brazil and China Energy Agreements Highlight Uranium Focus

    Brazil and China Energy Agreements Highlight Uranium Focus

    Australia Embarks on a Joint COP31 Bid with Four Nations

    Australia Embarks on a Joint COP31 Bid with Four Nations

    Sinopec

    Sinopec Launches Floating Photovoltaic Power Plant

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

    Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

    Harnessing hydrogen to power HGVs

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    Solar Panel Recycling in Mexico

    Solar Panel Recycling in Mexico LONGi Partners with Rafiqui

    AI Boom Drives Energy Infrastructure

    AI Boom Drives Energy Infrastructure Investment Surge

    SupergridEurope Pushes Pan European

    SupergridEurope Pushes Pan European Electricity Supergrid

    Huawei Grid Forming Energy Storage Systems Lead the Way

    Huawei Grid-Forming Energy Storage Systems Lead the Way

    Victoria Leads in Fast Tracking Renewable Energy Projects

    Victoria Leads in Fast-Tracking Renewable Energy Projects

    Nigeria-Leads-Mission-300-for-Energy-Access-Across-Africa

    Nigeria Leads Mission 300 for Energy Access Across Africa

    Brazil and China Energy Agreements Highlight Uranium Focus

    Brazil and China Energy Agreements Highlight Uranium Focus

    Australia Embarks on a Joint COP31 Bid with Four Nations

    Australia Embarks on a Joint COP31 Bid with Four Nations

    Sinopec

    Sinopec Launches Floating Photovoltaic Power Plant

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

    Day 1, ADIPEC 2024: Global Ministers and CEOs Call for Accelerated Innovation and Collaboration to Fast-Track Energy Transformation

    Harnessing hydrogen to power HGVs

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home News

Energy As A Service Market To Touch $170bn Globally By 2032

in News

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

On the basis of the report by DataHorizzon Research, the Energy as a Service Market was estimated to be US$71.3 billion in 2022. It is anticipated to experience a CAGR of 9.2% and reach US$169.9 billion by 2032.

The global population has been growing significantly of late, thereby leading to a surge in the energy demand as well as consumption worldwide. The demand for sustainable energy resources has contributed to market growth when it comes to organisations. At present, there are numerous techniques that happen to be available for obtaining energy, and the utilisation when it comes to renewable energies for electricity production is serving as a catalyst for market growth.

It is well to be noted that the smooth functioning of various industries like manufacturing, automobiles, food, as well as pharmaceuticals relies a lot on electricity. The market for electricity is being pushed forward by the explosive industrial growth in various nations across the world. Moreover, the market growth has been further triggered by the widespread use of microgrid technology throughout various industries. This is primarily attributed to the capability of microgrids to produce power from wind as well as solar sources.

The growing use of distributed energy resources- DER in emerging nations is a major factor contributing to market growth due to their energy and cost efficiency. Furthermore, this kind of energy option not only reduces the emission intensity as well as the expense of power system augmentation but also improves reliability, which encourages revenue growth. Furthermore, the method finds extensive use in various sectors, such as biomass generators, electric vehicles, rooftop solar, and microturbines. This wide range of applications is anticipated to significantly contribute to the growth of the market.

The market for global energy as a service has been divided into different segments based on its type, end-user, as well as region. The government’s increased efforts and support for renewable energy are driving the overall demand for energy. In recent years, there has been a noticeable increase in consumer knowledge regarding energy savings, which has driven the market forward as audiences have started adopting various power-saving techniques to optimise their energy use. Apparently, Europe has gone on to become the leading consumer when it comes to energy as a service. The regional growth can be attributed to several elements, such as the stringent enactment of regulatory policies in the consumer as well as industrial sectors, which have played a very significant role. Additionally, the development of intelligent manufacturing units has also contributed to the growth as well as the deployment of battery energy storage systems and electric automobiles in the region has also been the catalyst behind the growth.

Key Highlights of the Energy as Services Market Report:

  • Global energy-as-a-service market is anticipated to experience a CAGR of 9.2% by the year 2032.
  • The market growth is being driven by numerous factors, including a growing amount of renewable energy, price volatility, as well as the rise in energy consumption.
  • The commercial segment happens to hold the largest share in the energy as a service market, and the rise of commercial spaces and factories worldwide has led to a significant increase in electricity consumption for production and manufacturing purposes.
  • The supply segment is forecasted to be the largest and is expected to experience the highest CAGR, with the primary factor contributing to the dominance of the supply region being significant population growth, resulting in an increased number of consumers.

Previous Post

Grid Connections - A Popular Commodity As Energy Transitions

Next Post

eFORT Initiative Aims To Improve Grid Resilience In Europe

Related Posts

Solar Panel Recycling in Mexico
America

Solar Panel Recycling in Mexico LONGi Partners with Rafiqui

July 19, 2025
AI Boom Drives Energy Infrastructure
News

AI Boom Drives Energy Infrastructure Investment Surge

July 18, 2025
SupergridEurope Pushes Pan European
Europe

SupergridEurope Pushes Pan European Electricity Supergrid

July 18, 2025
Huawei Grid Forming Energy Storage Systems Lead the Way
News

Huawei Grid-Forming Energy Storage Systems Lead the Way

July 17, 2025
Victoria Leads in Fast Tracking Renewable Energy Projects
News

Victoria Leads in Fast-Tracking Renewable Energy Projects

July 17, 2025
Nigeria-Leads-Mission-300-for-Energy-Access-Across-Africa
News

Nigeria Leads Mission 300 for Energy Access Across Africa

July 15, 2025
Next Post

eFORT Initiative Aims To Improve Grid Resilience In Europe

LatestNews

Solar Panel Recycling in Mexico
America

Solar Panel Recycling in Mexico LONGi Partners with Rafiqui

July 19, 2025
AI Boom Drives Energy Infrastructure
News

AI Boom Drives Energy Infrastructure Investment Surge

July 18, 2025
SupergridEurope Pushes Pan European
Europe

SupergridEurope Pushes Pan European Electricity Supergrid

July 18, 2025
Huawei Grid Forming Energy Storage Systems Lead the Way
News

Huawei Grid-Forming Energy Storage Systems Lead the Way

July 17, 2025
Victoria Leads in Fast Tracking Renewable Energy Projects
News

Victoria Leads in Fast-Tracking Renewable Energy Projects

July 17, 2025
Nigeria-Leads-Mission-300-for-Energy-Access-Across-Africa
News

Nigeria Leads Mission 300 for Energy Access Across Africa

July 15, 2025
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In