Expansion of servitization in the energy sector and its implications

Abstract

AbstractThe business model of as‐a‐service is rapidly spreading in the energy industry. This study aims to examine how servitization in the energy sector is progressing, what sectors are in the spotlight, and what their implications are. By understanding the servitization aspect of the energy sector, it is possible to gauge the direction of change in the energy industry. This study has reviewed various as‐a‐service types in the energy sector through new articles analytics. For a total of 6 years from 2015 to 2020, news articles containing keywords related to the energy industry and the term “as a service” were extracted from Google News using the R package. As a result, well‐known as‐a‐service models such as software‐as‐a‐service and platform‐as‐a‐service are being emphasized in the energy sector. Also, new types of services such as zero‐carbon‐as‐a‐service and resilience‐as‐a‐service have been emerging recently. With the spread of as‐a‐service, the value chain structure of the energy industry is expected to shift towards various types of services and platforms. Servitization, represented by as‐a‐service, is becoming a trend in the energy industry, and policy and regulatory support to foster the data industry and expand opportunities to demonstrate innovative technologies and services is required.This article is categorized under: Policy and Economics > Governance and Regulation Policy and Economics > Research and Development