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Energy Saving and Performance Contracting Market- Opportunity & Forecast, 2027
Global Energy Saving and Performance Contracting Market Size By Technology [Heating and Air conditioning (HVAC), District heating (DH) refurbishment, Combined heat and power (CHP), Fuel switch, Indoor, and outdoor lighting], By Business Contract Model [Shared saving model, Guaranteed savings model & Others], By End User [Commercial, Residential, Industrial], By Region [North America, Europe, Asia Pacific, Middle East & Africa and Latin America], Forecast & Opportunities, 2020-2027
Market Overview
Global Energy Saving and Performance Contracting Market is expected to grow over a CAGR of 7.5% during the period 2020-27 due to government policies on energy efficiency and growing need for energy savings
Energy-saving and performance contracting is a process undertaken to achieve energy efficiency. With a growing population, the demand for energy is increasing rapidly. Using energy efficiently is important for various industries to save energy costs. The advancements in technologies are helping various large industries and governments to monitor energy consumption in real-time.
Global Energy-saving and performance contracting is driven by major factors such as government policies on energy efficiency, growing awareness for energy conservation.
Market Segmentation
Global Energy Saving and Performance Contracting Market can be segmented into Technology, Business Contract Model, End User and Region.
By Technology, Global Energy Saving and Performance Contracting Market can be segmented into Heating and Air conditioning (HVAC), District heating (DH) refurbishment, Combined heat and power (CHP), Fuel switch, Indoor, and outdoor lighting. The indoor and outdoor lighting segment is expected to grow significantly during the forecasted period of 2020-27 due to the rising demand for cost-saving lighting technology.
By Business Contract Model, Global Energy Saving and Performance Contracting Market can be segmented into a Shared saving model, Guaranteed savings model & Others.
By End User, Global Energy Saving and Performance Contracting Market can be segmented into Commercial, Residential, Industrial. The Commercial and Industrial segment is expected to grow significantly during the forecasted period of 2020-27 due to the growing need for energy efficiency.
By Region, Global Energy Saving and Performance Contracting Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regional Analysis
Regionally, North America Energy Saving and Performance Contracting Market are expected to grow significantly during the forecasted period of 2020-27 due to government policies and increasing emphasis on energy savings across all sectors.
Competitor Analysis
The key competitors in Global Energy Saving and Performance Contracting Market are Crowley Carbon Ltd., ConEdison, ICF, Veolia, LUTRON, Johnson Controls, OSRAM, Honeywell, Candelas Ltd, Burns & McDonnell, Siemens, Trane, Schneider, Dalkia and Ameresco
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