Energy as a Service Market – Global Industry Analysis and Forecast (2023-2029)


Energy as a Service Market was valued at US$ 70.19 Bn. in 2022 and is expected to reach US$ 126.68 Bn. by 2029, 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$ 64.51 Bn. in 2022. 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.

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The report has covered the market trends from 2022 to forecast the market through 2029. 2022 is considered a base year. Special attention is given to 2022 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 2022 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 2022, 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 2022, 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 2022, 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.

Energy as a Service Market

Based 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.

Regional Insight:

North America EaaS market was valued at US$ 21 Mn in 2022 and is expected to reach a value of US$ 25 Mn by 2029, 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.

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Energy as a Service Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 70.19 Bn.




Forecast Period 2023 to 2029 CAGR:
8.8%
Market Size in 2029:
US $ 126.68 Bn.




 Segments Covered:
by Service Type
Energy Supply Services
Operational and Maintenance Services
Energy Efficiency and Optimization Services




by End-user
Commercial
Industrial






Energy as a Service Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

Key Players are:

1.WGL Energy
2.Engie
3.Schneider Electric
4.Siemens
5.Johnson Controls
6.General Electric
7.EDF Renewable Energy
8.Edison
9.Alpiq
10.Enel X
11.Bernhard Energy Solutions
12.Entegrity
13.Smartwatt
14.Enertika
15.Noresco
16.Veolia
17.Honeywell
18.Orsted
19.Centrica
20.Wendel Energy Services
21.Duke Energy
22.Southern Company
23.Contemporary Energy Solutions
24.Solarus Sunpower B.V.
25. 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 2022.

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 2023-2029.

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 2022 to 2029. 





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
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