Energy as a Service Market – Global Industry Analysis and Forecast (2021-2027)

Energy as a Service Market was valued at US$ 59.3 Bn. in 2020 and is expected to reach US$ 107.02 Bn. by 2027, at a CAGR of 8.8% during a forecast period.

Energy as a Service Market Overview:

The global energy as a service market was valued at us$ 59.3 Bn. in 2020. Some of the causes driving the growth are an increase in Distributed Energy Resources (DER), tax benefits for energy efficiency initiatives, new revenue generation streams for utilities, as well as a reduction in the cost of renewable energy generation and storage. Renewable energy's increasing potential, price volatility, and increasing energy consumption are all driving factors in the market's growth. Organizations have gradually begun to seek out sustainable energy sources, which is expected to have a favorable impact on growth. Global Energy as a Service Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

COVID-19 impact on global energy as a service market:

The coronavirus epidemic has wreaked havoc on most of the market's manufacturing, development, production, and logistics units. The government of several countries placed restrictions as a result of the pandemic scenario. The covid-19 pandemic has had a significant influence on the energy industry. The energy as a service business has seen a drop in demand and price all around the world. Due to the pandemic, most industries are focusing solely on necessary tasks, causing the installation of electric components to be halted for an extended period of time. The energy business is being driven by increased energy use and changing pricing, as well as the closure of numerous industries and production units, which has resulted in a sharp drop in energy demand. However, if all of these restrictions are eliminated, the energy sector is expected to make a strong rebound, with earnings increasing by 60%.

Energy as a Service Market Dynamics:

The market is being driven by rising energy demand to reduce building energy costs and carbon emissions. Several variables drive market growth, including increased distributed energy resources, lower costs of renewable energy generation, and storage options. Energy consumption is expected to rise, which would have a favorable impact on the market. Global energy consumption is anticipated to increase by about 50% between 2019 and 2050, according to the US Energy Information Administration (EIA). The industrial sector, which includes refineries, mining, manufacturing, agriculture, and construction, consumes the most energy of any end-use sector. Energy as a service is becoming more popular in a variety of businesses. Clear Blue Technologies International Inc. launched the Energy-as-a-Service (EaaS) for wireless power in May of this year. Off-grid street lights, telecommunications networks, and Internet of Things (IoT) devices benefit from this unique subscription-based service that provides clean, wireless electricity. Previously, municipalities, telecom firms, and other organizations with off-grid powered systems had to own, operate, and maintain these power systems. Clear Blue's Energy-as-a-Service meets this requirement. In June 2020, Nelnet Renewable Energy, a new business line that delivers complete and scalable subscriber acquisition, administration, and support services to community solar producers, was launched. Solar developers would be helped by the company to locate subscribers for their community solar projects, which would include homeowners, renters, and businesses interested in solar energy that is both accessible and affordable. Several companies are increasing their funding and involvement in energy services. For example, in June 2019, Butterfly, a pioneer in the Energy Efficiency as a Service sector, received a $55 million investment in growth equity and project financing capital from Balance Point Capital, with Connecticut Innovations participating. This money would be utilized to increase the successful energy efficiency as a service offering quickly.

Energy as a Service Market segment analysis:

The global energy as a service market is segmented into service type and end-user. Based on service type, by 2020, the energy supply services category is expected to held greatest share of the market. Consumers are looking for a secure energy supply to ensure that they can run without relying on the grid as energy prices rise. The energy as a service model primarily supports renewable energy because it lowers energy costs, reduces carbon emissions, ensures high energy efficiency, and is environmentally friendly. With a growing focus on various energy supply sources such as renewable, fossil fuels, nuclear, biomass, and biofuels, the energy as a service model primarily supports renewable energy because it lowers energy costs, reduces carbon emissions, ensures high energy efficiency, and is environmentally friendly. It gives customers more options in terms of ownership, pricing, and financing. Global Energy as a Service MarketBased on end-user, during the forecast period, the commercial category is expected to increase at the fastest rate. Educational institutions, healthcare institutes, information centers, airports, and other establishments are included in this sector. Buildings are exclusively responsible for more than 30% of total consumption in the business sector. According to the American Council for an Energy-Efficient Economy (ACEEE), these institutions/establishments use over 18 % consumed by various sectors in the US. Furthermore, lighting and heating consume half of the energy consumed by the business sector. The segment's growth can be linked to a variety of causes, including an increase in occupancy, floor area, and admittance to services, as well as an increase in activities, such as climate and demographic changes. The EaaS market enables commercial owners with less technical skills and finances to adopt energy-saving efforts. Among the numerous types of commercial buildings, service and mercantile buildings use the most energy and are thus likely to contribute to market growth.

Energy as a Service Market Regional Insight:

North America EaaS market was valued at US$ 21 Mn in 2019 and is expected to reach a value of US$ 25 Mn by 2027, with a CAGR of xx% during the forecast period. The consumers in the region are looking to procure cleaner, cheaper energy and reliable. Companies increasingly want to pay a fixed payment fee for a range of products, from efficiency upgrades to their entire energy package. Private utility models have emerged owing to the growing power sector trend for energy as a service. Such as, under a long-term energy services agreement, utilities allow customers to basically design their own resource mix while also being assured there will be no disruptions. The objective of the report is to present a comprehensive analysis of the global Energy as a Service market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Energy as a Service market dynamics, structure by analyzing the market segments and projects the global Energy as a Service market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Energy as a Service market make the report investor’s guide.

Energy as a Service Market Scope: Inquire before buying

Global Energy as a Service Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 59.3 Bn.
Forecast Period 2021 to 2027 CAGR: 8.8% Market Size in 2027: US $ 107.02 Bn.
Segments Covered: by Service Type • Energy Supply Services • Operational and Maintenance Services • Energy Efficiency and Optimization Services
by End-user • Commercial • Industrial

Global Energy as a Service Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Energy as a Service Market Key Players

WGL Energy • Engie • Schneider Electric • Siemens • Johnson Controls • General Electric • EDF Renewable Energy • Edison • Alpiq • Enel X • Bernhard Energy Solutions • Entegrity • Smartwatt • Enertika • Noresco • Veolia • Honeywell • Orsted • Centrica • Wendel Energy Services • Duke Energy • Southern Company • Contemporary Energy Solutions • Solarus Sunpower B.V. • Honeywell International Inc Frequently Asked Questions: 1. Which region has the largest share in Global Energy as a Service Market? Ans: North America region holds the highest share in 2020. 2. What is the growth rate of Global Energy as a Service Market? Ans: The Global Energy as a Service Market is growing at a CAGR of 8.8 % during forecasting period 2021-2027. 3. What segments are covered in Global Energy as a Service market? Ans: Global Energy as a Service Market is segmented into service type, end-user and region. 4. Who are the key players in Global Energy as a Service market? Ans: The important key players in the Global Energy as a Service Market are – WGL Energy, Engie, Schneider Electric, Siemens, Johnson Controls, General Electric, EDF Renewable Energy, Edison, Alpiq, Enel X, Bernhard Energy Solutions, Entegrity, Smartwatt, Enertika, Noresco. 5. What is the study period of this market? Ans: The Global Energy as a Service Market is studied from 2020 to 2027.

Global Energy as a Service Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Energy as a Service Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Energy as a Service Market Analysis and Forecast 6.1. Energy as a Service Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Energy as a Service Market Analysis and Forecast, By Service Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Energy as a Service Market Value Share Analysis, By Service Type 7.4. Energy as a Service Market Size (US$ Bn) Forecast, By Service Type 7.5. Energy as a Service Market Analysis, By Service Type 7.6. Energy as a Service Market Attractiveness Analysis, By Service Type 8. Global Energy as a Service Market Analysis and Forecast, By End-user 8.1. Introduction and Definition 8.2. Key Findings 8.3. Energy as a Service Market Value Share Analysis, By End-user 8.4. Energy as a Service Market Size (US$ Bn) Forecast, By End-user 8.5. Energy as a Service Market Analysis, By End-user 8.6. Energy as a Service Market Attractiveness Analysis, By End-user 9. Global Energy as a Service Market Analysis, by Region 9.1. Energy as a Service Market Value Share Analysis, by Region 9.2. Energy as a Service Market Size (US$ Bn) Forecast, by Region 9.3. Energy as a Service Market Attractiveness Analysis, by Region 10. North America Energy as a Service Market Analysis 10.1. Key Findings 10.2. North America Energy as a Service Market Overview 10.3. North America Energy as a Service Market Value Share Analysis, By Service Type 10.4. North America Energy as a Service Market Forecast, By Service Type 10.4.1. Energy Supply Services 10.4.2. Operational and Maintenance Services 10.4.3. Energy Efficiency and Optimization Services 10.5. North America Energy as a Service Market Value Share Analysis, By End-user 10.6. North America Energy as a Service Market Forecast, By End-user 10.6.1. Commercial 10.6.2. Industrial 10.7. North America Energy as a Service Market Value Share Analysis, by Country 10.8. North America Energy as a Service Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Energy as a Service Market Analysis, by Country 10.10. U.S. Energy as a Service Market Forecast, By Service Type 10.10.1. Energy Supply Services 10.10.2. Operational and Maintenance Services 10.10.3. Energy Efficiency and Optimization Services 10.11. U.S. Energy as a Service Market Forecast, By End-user 10.11.1. Commercial 10.11.2. Industrial 10.12. Canada Energy as a Service Market Forecast, By Service Type 10.12.1. Energy Supply Services 10.12.2. Operational and Maintenance Services 10.12.3. Energy Efficiency and Optimization Services 10.13. Canada Energy as a Service Market Forecast, By End-user 10.13.1. Commercial 10.13.2. Industrial 10.14. North America Energy as a Service Market Attractiveness Analysis 10.14.1. By Service Type 10.14.2. By End-user 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Energy as a Service Market Analysis 11.1. Key Findings 11.2. Europe Energy as a Service Market Overview 11.3. Europe Energy as a Service Market Value Share Analysis, By Service Type 11.4. Europe Energy as a Service Market Forecast, By Service Type 11.4.1. Energy Supply Services 11.4.2. Operational and Maintenance Services 11.4.3. Energy Efficiency and Optimization Services 11.5. Europe Energy as a Service Market Value Share Analysis, By End-user 11.6. Europe Energy as a Service Market Forecast, By End-user 11.6.1. Commercial 11.6.2. Industrial 11.7. Europe Energy as a Service Market Value Share Analysis, by Country 11.8. Europe Energy as a Service Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Energy as a Service Market Analysis, by Country 11.10. Germany Energy as a Service Market Forecast, By Service Type 11.10.1. Energy Supply Services 11.10.2. Operational and Maintenance Services 11.10.3. Energy Efficiency and Optimization Services 11.11. Germany Energy as a Service Market Forecast, By End-user 11.11.1. Commercial 11.11.2. Industrial 11.12. U.K. Energy as a Service Market Forecast, By Service Type 11.12.1. Energy Supply Services 11.12.2. Operational and Maintenance Services 11.12.3. Energy Efficiency and Optimization Services 11.13. U.K. Energy as a Service Market Forecast, By End-user 11.13.1. Commercial 11.13.2. Industrial 11.14. France Energy as a Service Market Forecast, By Service Type 11.14.1. Energy Supply Services 11.14.2. Operational and Maintenance Services 11.14.3. Energy Efficiency and Optimization Services 11.15. France Energy as a Service Market Forecast, By End-user 11.15.1. Commercial 11.15.2. Industrial 11.16. Italy Energy as a Service Market Forecast, By Service Type 11.16.1. Energy Supply Services 11.16.2. Operational and Maintenance Services 11.16.3. Energy Efficiency and Optimization Services 11.17. Italy Energy as a Service Market Forecast, By End-user 11.17.1. Commercial 11.17.2. Industrial 11.18. Spain Energy as a Service Market Forecast, By Service Type 11.18.1. Energy Supply Services 11.18.2. Operational and Maintenance Services 11.18.3. Energy Efficiency and Optimization Services 11.19. Spain Energy as a Service Market Forecast, By End-user 11.19.1. Commercial 11.19.2. Industrial 11.20. Rest of Europe Energy as a Service Market Forecast, By Service Type 11.20.1. Energy Supply Services 11.20.2. Operational and Maintenance Services 11.20.3. Energy Efficiency and Optimization Services 11.21. Rest of Europe Energy as a Service Market Forecast, By End-user 11.21.1. Commercial 11.21.2. Industrial 11.22. Europe Energy as a Service Market Attractiveness Analysis 11.22.1. By Service Type 11.22.2. By End-user 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Energy as a Service Market Analysis 12.1. Key Findings 12.2. Asia Pacific Energy as a Service Market Overview 12.3. Asia Pacific Energy as a Service Market Value Share Analysis, By Service Type 12.4. Asia Pacific Energy as a Service Market Forecast, By Service Type 12.4.1. Energy Supply Services 12.4.2. Operational and Maintenance Services 12.4.3. Energy Efficiency and Optimization Services 12.5. Asia Pacific Energy as a Service Market Value Share Analysis, By End-user 12.6. Asia Pacific Energy as a Service Market Forecast, By End-user 12.6.1. Commercial 12.6.2. Industrial 12.7. Asia Pacific Energy as a Service Market Value Share Analysis, by Country 12.8. Asia Pacific Energy as a Service Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Energy as a Service Market Analysis, by Country 12.10. China Energy as a Service Market Forecast, By Service Type 12.10.1. Energy Supply Services 12.10.2. Operational and Maintenance Services 12.10.3. Energy Efficiency and Optimization Services 12.11. China Energy as a Service Market Forecast, By End-user 12.11.1. Commercial 12.11.2. Industrial 12.12. India Energy as a Service Market Forecast, By Service Type 12.12.1. Energy Supply Services 12.12.2. Operational and Maintenance Services 12.12.3. Energy Efficiency and Optimization Services 12.13. India Energy as a Service Market Forecast, By End-user 12.13.1. Commercial 12.13.2. Industrial 12.14. Japan Energy as a Service Market Forecast, By Service Type 12.14.1. Energy Supply Services 12.14.2. Operational and Maintenance Services 12.14.3. Energy Efficiency and Optimization Services 12.15. Japan Energy as a Service Market Forecast, By End-user 12.15.1. Commercial 12.15.2. Industrial 12.16. ASEAN Energy as a Service Market Forecast, By Service Type 12.16.1. Energy Supply Services 12.16.2. Operational and Maintenance Services 12.16.3. Energy Efficiency and Optimization Services 12.17. ASEAN Energy as a Service Market Forecast, By End-user 12.17.1. Commercial 12.17.2. Industrial 12.18. Rest of Asia Pacific Energy as a Service Market Forecast, By Service Type 12.18.1. Energy Supply Services 12.18.2. Operational and Maintenance Services 12.18.3. Energy Efficiency and Optimization Services 12.19. Rest of Asia Pacific Energy as a Service Market Forecast, By End-user 12.19.1. Commercial 12.19.2. Industrial 12.20. Asia Pacific Energy as a Service Market Attractiveness Analysis 12.20.1. By Service Type 12.20.2. By End-user 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Energy as a Service Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Energy as a Service Market Overview 13.3. Middle East & Africa Energy as a Service Market Value Share Analysis, By Service Type 13.4. Middle East & Africa Energy as a Service Market Forecast, By Service Type 13.4.1. Energy Supply Services 13.4.2. Operational and Maintenance Services 13.4.3. Energy Efficiency and Optimization Services 13.5. Middle East & Africa Energy as a Service Market Value Share Analysis, By End-user 13.6. Middle East & Africa Energy as a Service Market Forecast, By End-user 13.6.1. Commercial 13.6.2. Industrial 13.7. Middle East & Africa Energy as a Service Market Value Share Analysis, by Country 13.8. Middle East & Africa Energy as a Service Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Energy as a Service Market Analysis, by Country 13.10. GCC Energy as a Service Market Forecast, By Service Type 13.10.1. Energy Supply Services 13.10.2. Operational and Maintenance Services 13.10.3. Energy Efficiency and Optimization Services 13.11. GCC Energy as a Service Market Forecast, By End-user 13.11.1. Commercial 13.11.2. Industrial 13.12. South Africa Energy as a Service Market Forecast, By Service Type 13.12.1. Energy Supply Services 13.12.2. Operational and Maintenance Services 13.12.3. Energy Efficiency and Optimization Services 13.13. South Africa Energy as a Service Market Forecast, By End-user 13.13.1. Commercial 13.13.2. Industrial 13.14. Rest of Middle East & Africa Energy as a Service Market Forecast, By Service Type 13.14.1. Energy Supply Services 13.14.2. Operational and Maintenance Services 13.14.3. Energy Efficiency and Optimization Services 13.15. Rest of Middle East & Africa Energy as a Service Market Forecast, By End-user 13.15.1. Commercial 13.15.2. Industrial 13.16. Middle East & Africa Energy as a Service Market Attractiveness Analysis 13.16.1. By Service Type 13.16.2. By End-user 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Energy as a Service Market Analysis 14.1. Key Findings 14.2. South America Energy as a Service Market Overview 14.3. South America Energy as a Service Market Value Share Analysis, By Service Type 14.4. South America Energy as a Service Market Forecast, By Service Type 14.4.1. Energy Supply Services 14.4.2. Operational and Maintenance Services 14.4.3. Energy Efficiency and Optimization Services 14.5. South America Energy as a Service Market Value Share Analysis, By End-user 14.6. South America Energy as a Service Market Forecast, By End-user 14.6.1. Commercial 14.6.2. Industrial 14.7. South America Energy as a Service Market Value Share Analysis, by Country 14.8. South America Energy as a Service Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Energy as a Service Market Analysis, by Country 14.10. Brazil Energy as a Service Market Forecast, By Service Type 14.10.1. Energy Supply Services 14.10.2. Operational and Maintenance Services 14.10.3. Energy Efficiency and Optimization Services 14.11. Brazil Energy as a Service Market Forecast, By End-user 14.11.1. Commercial 14.11.2. Industrial 14.12. Mexico Energy as a Service Market Forecast, By Service Type 14.12.1. Energy Supply Services 14.12.2. Operational and Maintenance Services 14.12.3. Energy Efficiency and Optimization Services 14.13. Mexico Energy as a Service Market Forecast, By End-user 14.13.1. Commercial 14.13.2. Industrial 14.14. Rest of South America Energy as a Service Market Forecast, By Service Type 14.14.1. Energy Supply Services 14.14.2. Operational and Maintenance Services 14.14.3. Energy Efficiency and Optimization Services 14.15. Rest of South America Energy as a Service Market Forecast, By End-user 14.15.1. Commercial 14.15.2. Industrial 14.16. South America Energy as a Service Market Attractiveness Analysis 14.16.1. By Service Type 14.16.2. By End-user 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicles and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Vehicles 15.2.3.2. M&A Key Players, Forward Integration and Backward 15.2.3.3. Integration 15.3. Company Profiles: Key Players 15.3.1. WGL Energy 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Engie 15.3.3. Schneider Electric 15.3.4. Siemens 15.3.5. Johnson Controls 15.3.6. General Electric 15.3.7. EDF Renewable Energy 15.3.8. Edison 15.3.9. Alpiq 15.3.10. Enel X 15.3.11. Bernhard Energy Solutions 15.3.12. Entegrity 15.3.13. Smartwatt 15.3.14. Enertika 15.3.15. Noresco 15.3.16. Veolia 15.3.17. Honeywell 15.3.18. Orsted 15.3.19. Centrica 15.3.20. Wendel Energy Services. 15.3.21. Duke Energy 15.3.22. Southern Company 15.3.23. Contemporary Energy Solutions 15.3.24. Solarus Sunpower B.V. 15.3.25. Honeywell International Inc 16. Primary Key Insights

About This Report

Report ID 63939
Category Information Technology & Telecommunication
Published Date May 2020
Updated Date Sept 2021
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