Energy Storage as a Service (ESaaS) Market Surpass US$ 2,620 million by 2028 | CAGR 9%
The world’s rising energy consumption is the primary factor stimulating energy storage as a service market. The data released by International Energy Outlook 2019 (IEO2019) reference case, the US Energy Information Administration (EIA) estimates that global energy consumption would increase by over 50% between 2018 and 2050. The majority of this growth comes from nations that aren't members of the Organization for Economic Cooperation and Development (OECD), and it's concentrated in areas where strong economic growth is driving demand, such as Asia.