Market drivers include sustainability commitments, cost savings, and reductions in complexity
BOULDER, Colo., Dec. 5, 2023 /PRNewswire/ — A new report from Guidehouse Insights explores the global market for multi-site energy services solutions.
As the popularity of energy as a service (EaaS) continues to increase, the multi-site segment is expected to grow. Through data analytics, AI, and science-based targets, energy service companies (ESCOs) have expanded energy management offerings to help businesses monitor and control energy usage across all their properties. According to a new report from Guidehouse Insights, the value of the multi-site energy services financing market to be $6.6 billion in 2023, growing at a compound annual growth rate (CAGR) of 29.7%, to a projected $68.7 billion in 2032.
“The global market for multi-site energy services solutions has experienced significant growth in the past couple of years,” says Bitania Yemane, research analyst with Guidehouse Insights. “Clients with aggressive sustainability targets and budget constraints have been reevaluating how they spend CAPEX, increasing the appeal of the energy services solutions model.”
The latest advances in onsite energy supply and energy efficiency technologies have also created a wider window of opportunity for vendors to help broader client segments reach their sustainability and resiliency goals. Multiple market drivers have supported the adoption of the multi-site EaaS financing model, including sustainability commitments, cost savings, and reductions in complexity. Key market barriers include data access and management, lack of standardization, data security and privacy concerns, according to the report.
The report, Multi-Site Energy Services Solutions, looks at the multi-site EaaS solutions market, including a market overview of drivers and barriers, the industry value chain, and analyses of the multi-site energy services solutions financing market size between 2023 and 2032. For the purposes of this report, the definition of multi-site EaaS solutions is as a service OPEX financing of energy projects for companies with multiple locations and sites across their portfolios. The analysis is segmented into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Revenue is segmented by three technology categories: building efficiency; onsite energy supply; and energy efficiency, which include microgrids and energy storage. The analyses also include revenue splits between commercial and institutional customers. 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.
About Guidehouse
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 more than 17,000 professionals in over 55 locations globally. Guidehouse is 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, Multi-Site Energy Services Solutions, 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
+1.646.941.9139
[email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/guidehouse-insights-estimates-global-market-for-multi-site-energy-services-solutions-will-grow-to-nearly-69-billion-by-2032-302005347.html
SOURCE Guidehouse Insights
Featured image: Depositphotos © Nobilior
