Annual revenue generation within the global commercial and industrial energy as a service market is set to reach $278 billion by 2028.
William Tokash, a senior research analyst with Navigant Research, said: “A full set of EaaS solutions with financing options will increasingly be required to address the portfolio needs of C&I customers, with energy storage and smart building analytics and controls as key enabling technologies.
“The rise of these new financing instruments will form the foundation of the delivery of new EaaS vendor business models.”
Factors including transcending single-site, fee-for-service energy efficiency projects requiring customer CAPEX, a variety of new solutions, transaction financing instruments, and business model options will drive an increase in the adoption of energy as a service market.
The largest region for commercial and industrial energy as a service market is expected to be Asia Pacific owing to the emergence of competitive supply in China and the growth of distributed solar PV are expected create new onsite energy supply options.
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