Saudi Arabia Energy Storage As A Service Market Size & Outlook
Saudi Arabia energy storage as a service market, 2017-2028 (US$M)
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Saudi Arabia energy storage as a service market highlights
- The Saudi Arabia energy storage as a service market generated a revenue of USD 19.9 million in 2020 and is expected to reach USD 50.2 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 12.3% from 2021 to 2028.
- In terms of segment, customer energy management services was the largest revenue generating service in 2020.
- Ancillary Services is the most lucrative service segment registering the fastest growth during the forecast period.
Energy storage as a service market data book summary
| Market revenue in 2020 | USD 19.9 million |
| Market revenue in 2028 | USD 50.2 million |
| Growth rate | 12.3% (CAGR from 2020 to 2028) |
| Largest segment | Customer energy management services |
| Fastest growing segment | Ancillary Services |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bulk Energy Services, Ancillary Services, Transmission Infrastructure Services, Distribution Infrastructure Services, Customer Energy Management Services |
| Key market players worldwide | Siemens Energy AG ADR, Veolia Environnement SA, Honeywell International Inc, Engie SA, The Goldman Sachs Group Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.7% of the global energy storage as a service market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, Saudi Arabia energy storage as a service market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 50.2 million by 2028.
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Energy Storage As A Service Market Scope
Energy Storage As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia energy storage as a service market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to energy storage as a service market will help companies and investors design strategic landscapes.
Customer energy management services was the largest segment with a revenue share of 31.16% in 2020. Horizon Databook has segmented the Saudi Arabia energy storage as a service market based on bulk energy services, ancillary services, transmission infrastructure services, distribution infrastructure services, customer energy management services covering the revenue growth of each sub-segment from 2017 to 2028.
- Saudi Arabia Energy Storage As A Service Service Outlook (Revenue, USD Million, 2017-2028)
- Bulk Energy Services
- Ancillary Services
- Transmission Infrastructure Services
- Distribution Infrastructure Services
- Customer Energy Management Services
- Others
- Saudi Arabia Energy Storage As A Service End-user Outlook (Revenue, USD Million, 2017-2028)
- Utility
- Industrial, Residential & Commercial
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia energy storage as a service market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia energy storage as a service market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia energy storage as a service market size, by service, 2017-2028 (US$M)
Saudi Arabia Energy Storage As A Service Market Outlook Share, 2020 & 2028 (US$M)
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