Key Market Insights
Increasing government spending for power utilities along with growing energy demand will boost the market
The global energy as a service market is growing proficiently, projected to grow at a CAGR of 11.9% during the expected period from 2022 to 2030, starting from US$ 57.4 Bn in 2021.A key factor driving the growth of the global energy as a service market is a growing demand for reducing building energy costs. Electricity consumption in commercial, industrial, and residential buildings, accounts for over 60% of the total energy consumed across the world. Owing to the constantly increasing demand for energy in buildings, the owners, especially in the commercial and industrial sectors, are focusing on ways to decrease the cost of electricity. This has encouraged the adoption of EaaS solutions, which decreases the consumption of energy considerably.
The rise in the consumption of renewable energy is identified as one of the key emerging trends in global energy as a service market. The ongoing depletion of conventional fossil fuel sources, growing environmental concerns, and the rising economic burden of importing fuel commodities are driving the rise in renewable energy consumption. Countries are concentrating on the diversification of energy sources rather than relying on a single or few energy sources along with the escalating need to ensure total energy security. This provides an opportunity for the growth of the global EaaS market. However, globally, the solar energy industry is the fastest-growing source of new capacity additions. Solar panels have become extremely efficient in energy conversion owing to the advancements in solar cell technology and silicon manufacturing
Market Synopsis
Service Analysis
Rising revenue generation streams for utilities will drive the demand for energy as a service globally
The energy supply services segment is expected to hold the largest market share by 2030. With the increasing prices, consumers are looking to procure a resilient energy supply to ensure that they can operate without the grid. Also, with the growing focus on various energy supply sources such as renewable, fossil fuels, nuclear, biomass, and biofuels, energy as a service model mainly supports renewable energy as it lowers energy costs, reduces carbon footprint, ensures high energy efficiency, and is environment-friendly. It gives consumers the flexibility of choice on ownership, pricing, and financing. It also helps the operators customize energy generation designs based on consumer requirements, which are modern and robust. It enables easy and rapid integration of distributed generation and energy storage assets.Regional Analysis
Dominance is led by rising power projects coupled with intensifying utility investments towards renewable energy to drive the market growth
The market in North America is estimated to be the largest market in the coming years. Utilities in countries such as the US, Canada, and Mexico are implementing energy efficiency projects and are looking to cut down energy generation costs. New approaches such as pay-for-performance are being introduced in the US to achieve energy efficiency at a larger scale in the commercial sector. For instance, in 2018 California energy efficiency policies have mandated that at least 60% of the savings achieved in obligation schemes need to be delivered by third-party service providers. Also, an increase in the share of renewable power generation and energy efficiency activities is expected to drive the market in this region.List of Companies Covered:
- Engie
- Schneider Electric
- Siemens
- Johnson Controls
- General Electric
- EDF Renewable Energy
- Edison
- Alpiq
- Enel X
- Bernhard Energy Solutions
- Entegrity
- Smartwatt
- Enertika
- Noresco
- Veolia
- Honeywell
- Centrica
- Wendel Energy Services
Key Industry Development:
- In June 2019, MAN Energy solutions signed a global service agreement with the Wallem Group. The contract involves the supply of generators, turbochargers, spares, and services, and abroad vessels that are currently managed by Wallem.
- In August 2019, Trimark Associates Inc. a leading provider of SCADA, metering, and energy storage technology solutions bagged a contract by the Clearway Energy Group for multisite monitoring and maintenance.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Energy as a Service market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Energy as a Service market and their expected impact during the forecast period.
Market Segmentation
Service Type
- Energy Supply Services
- Operational and Maintenance Services
- Energy-Efficiency and Optimization Services
End-user
- Commercial
- Industrial
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Energy as a Service market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Energy as a Service market?
- Which is the largest regional market for Energy as a Service market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Energy as a Service market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Energy as a Service market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Energy as a Service Market
2.2. Global Energy as a Service Market, By Service Type , 2021 (US$ Billion)
2.3. Global Energy as a Service Market, By End-user , 2021 (US$ Billion)
2.4. Global Energy as a Service Market, By Geography, 2021 (US$ Billion)
2.5. Attractive Investment Proposition by Geography, 2021
3. Energy as a Service Market: Competitive Analysis
3.1. Market Positioning of Key Energy as a Service Market Vendors
3.2. Strategies Adopted by Energy as a Service Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Energy as a Service Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Energy as a Service Market Value, 2020 - 2030, (US$ Billion)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Energy Supply Services
5.3.2. Operational and Maintenance Services
5.3.3. Energy-Efficiency and Optimization Services
6. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Commercial
6.3.2. Industrial
7. North America Energy as a Service Market, 2020-2030, USD (Billion)
7.1. Market Overview
7.2. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
7.3. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
7.4.Energy as a Service Market: By Region, 2020-2030, USD (Billion)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
7.4.1.1.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
7.4.1.2. Canada
7.4.1.2.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
7.4.1.2.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
7.4.1.3. Rest of North America
7.4.1.3.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
7.4.1.3.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
8. UK and European Union Energy as a Service Market, 2020-2030, USD (Billion)
8.1. Market Overview
8.2. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
8.3. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
8.4.Energy as a Service Market: By Region, 2020-2030, USD (Billion)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
8.4.1.1.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
8.4.1.2. Germany
8.4.1.2.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
8.4.1.2.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
8.4.1.3. Spain
8.4.1.3.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
8.4.1.3.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
8.4.1.4. Italy
8.4.1.4.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
8.4.1.4.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
8.4.1.5. France
8.4.1.5.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
8.4.1.5.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
8.4.1.6. Rest of Europe
8.4.1.6.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
8.4.1.6.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
9. Asia Pacific Energy as a Service Market, 2020-2030, USD (Billion)
9.1. Market Overview
9.2. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
9.3. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
9.4.Energy as a Service Market: By Region, 2020-2030, USD (Billion)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
9.4.1.1.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
9.4.1.2. Japan
9.4.1.2.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
9.4.1.2.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
9.4.1.3. India
9.4.1.3.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
9.4.1.3.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
9.4.1.4. Australia
9.4.1.4.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
9.4.1.4.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
9.4.1.5. South Korea
9.4.1.5.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
9.4.1.5.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
9.4.1.6.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
10. Latin America Energy as a Service Market, 2020-2030, USD (Billion)
10.1. Market Overview
10.2. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
10.3. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
10.4.Energy as a Service Market: By Region, 2020-2030, USD (Billion)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
10.4.1.1.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
10.4.1.2. Mexico
10.4.1.2.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
10.4.1.2.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
10.4.1.3.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
11. Middle East and Africa Energy as a Service Market, 2020-2030, USD (Billion)
11.1. Market Overview
11.2. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
11.3. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
11.4.Energy as a Service Market: By Region, 2020-2030, USD (Billion)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
11.4.1.1.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
11.4.1.2. Africa
11.4.1.2.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
11.4.1.2.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Energy as a Service Market: By Service Type , 2020-2030, USD (Billion)
11.4.1.3.1. Energy as a Service Market: By End-user , 2020-2030, USD (Billion)
12. Company Profile
12.1. Engie
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Schneider Electric
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Siemens
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Johnson Controls
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. General Electric
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. EDF Renewable Energy
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Edison
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Alpiq
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Enel X
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Bernhard Energy Solutions
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Entegrity
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Smartwatt
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Enertika
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
12.14. Noresco
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Portfolio
12.14.4. Strategic Initiatives
12.15. Veolia
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Portfolio
12.15.4. Strategic Initiatives
12.16. Honeywell
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Portfolio
12.16.4. Strategic Initiatives
12.17. Centrica
12.17.1. Company Overview
12.17.2. Financial Performance
12.17.3. Product Portfolio
12.17.4. Strategic Initiatives
12.18. Wendel Energy Services
12.18.1. Company Overview
12.18.2. Financial Performance
12.18.3. Product Portfolio
12.18.4. Strategic Initiatives
List of Figures
Figure 1 Global Energy as a Service Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Energy as a Service Market: Quality Assurance
Figure 5 Global Energy as a Service Market, By Service Type , 2021
Figure 6 Global Energy as a Service Market, By End-user , 2021
Figure 7 Global Energy as a Service Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Energy as a Service Market, 2021
Figure 9 Market Positioning of Key Energy as a Service Market Players, 2021
Figure 10 Global Energy as a Service Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Energy as a Service Market, By Service Type , 2021 Vs 2030, %
Figure 12 Global Energy as a Service Market, By End-user , 2021 Vs 2030, %
Figure 13 U.S. Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 14 Canada Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 15 Rest of North America Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 16 UK Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 17 Germany Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 18 Spain Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 19 Italy Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 20 France Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 21 Rest of Europe Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 22 China Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 23 Japan Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 24 India Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 25 Australia Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 26 South Korea Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 27 Rest of Asia Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 28 Brazil Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 29 Mexico Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 30 Rest of Latin America Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 31 GCC Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 32 Africa Energy as a Service Market (US$ Billion), 2020 - 2030
Figure 33 Rest of Middle East and Africa Energy as a Service Market (US$ Billion), 2020 - 2030
List of Tables
Table 1 Global Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 2 Global Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 3 North America Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 4 North America Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 5 U.S. Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 6 U.S. Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 7 Canada Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 8 Canada Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 9 Rest of North America Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 10 Rest of North America Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 11 UK and European Union Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 12 UK and European Union Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 13 UK Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 14 UK Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 15 Germany Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 16 Germany Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 17 Spain Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 18 Spain Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 19 Italy Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 20 Italy Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 21 France Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 22 France Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 23 Rest of Europe Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 24 Rest of Europe Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 25 Asia Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 26 Asia Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 27 China Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 28 China Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 29 Japan Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 30 Japan Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 31 India Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 32 India Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 33 Australia Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 34 Australia Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 35 South Korea Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 36 South Korea Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 37 Latin America Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 38 Latin America Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 39 Brazil Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 40 Brazil Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 41 Mexico Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 42 Mexico Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 43 Rest of Latin America Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 44 Rest of Latin America Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 45 Middle East and Africa Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 46 Middle East and Africa Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 47 GCC Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 48 GCC Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 49 Africa Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 50 Africa Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Table 51 Rest of Middle East and Africa Energy as a Service Market By Service Type , 2020-2030, USD (Billion)
Table 52 Rest of Middle East and Africa Energy as a Service Market By End-user , 2020-2030, USD (Billion)
Companies Mentioned
- Engie
- Schneider Electric
- Siemens
- Johnson Controls
- General Electric
- EDF Renewable Energy
- Edison
- Alpiq
- Enel X
- Bernhard Energy Solutions
- Entegrity
- Smartwatt
- Enertika
- Noresco
- Veolia
- Honeywell
- Centrica
- Wendel Energy Services
