Report Description

Global Energy as a Service Market is expected to grow at a robust pace in the forecast period of 2024-2028.  Energy as a Service is a subscription-based energy service where customers pay for energy services with no upfront investment. This includes third party providers of niche technology, financing or procurement solutions, utilities, and potential business model disruptors. Energy as a Service comprises of energy delivery, energy consumption, technology, analytics, grid access and personalized services. Increasing distributed energy resources (DER), tax incentives for energy efficiency projects, new revenue streams for utilities, and lower costs for renewable generation and storage solutions are some factors driving the market’s growth. The market is driven by increasing renewable energy potential, with price volatility and rising energy consumption being other key factors driving the market’s growth. Companies are increasingly looking for sustainable energy sources, which is expected to have a positive impact on growth.

Rising Demand Worldwide

Commercial, residential, and industrial buildings require a constant supply of energy to meet the required performance and working hours of their employees. The industry is seeing investment as there is a growing demand for backup power systems in the event of a mainline failure in data centers, in these industries. Energy demand shall increase as cars that currently run-on fossil fuels are switching to full electric. New charging stations and high production rates create opportunities in the EaaS market, due to which, manufacturing in textiles, chemicals, pharmaceuticals, and other industries is expected to grow at a healthy pace. Over the next few years, production, and labor rates in industries such as the automotive sector are expected to increase. A critical factor in the market expansion is the increasing energy consumption worldwide.

A major goal of government agencies around the world is to limit the growth of greenhouse gas (GHG) emissions and energy demand. Installation of renewable energy sources is then expected to increase significantly over the next decade, leading to an increase in the market growth. The market size has been positively impacted by new energy targets introduced by various governments to promote the trend towards sustainable power. Brazil, for example, wants to secure 42.5% of its primary energy supply from renewable sources by the end of 2023. Similarly, the UK government plans to have about 50% of their electricity from renewable sources by 2025, according to Carbon Brief analysis. Germany plans to generate 65% of its energy from renewable sources by 2030. China aims to have 16% of its energy sources from renewable sources by 2030. After national investment and expansion, renewable energy is expected to hold a 26% share and exceed the target set.

High Installation Cost & Lack of Knowledge

First, a smart grid system must be set up to use energy as a service efficiently. Also, if a traditional grid system is already in place, it needs to be converted to an advanced grid system, but the cost of this conversion is very high and is one of the major factors hindering the growth of energy as a service (EaaS) market. Setting up a smart grid system also requires people with special knowledge and skills, and the lack of this expertise among engineers and electricians also acted as a barrier to the expansion of this industry, during the evaluation period.

Latest Market Trends

In California, energy efficiency guidelines require that at least 60% of savings achieved through commitment programs must come from third-party suppliers. Therefore, such measurement in this region could help the market growth during the forecast period.

According to the Institute of Energy Efficiency, there shall be 115 million smart meters installed in the United States by 2021, a 27.7% increase from 2018. Therefore, increased investment in smart meters in the region could drive the market towards a more decentralized and digitized grid network that can support the growth of the EaaS market in the region.


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Market Segmentation

The Global Energy as a Service Market is segmented into Service Type and End User. Based on ServiceType, the market is segmented into Power Generation Services, Energy Efficiency & Optimization Services, Operational & Maintenance Services. On the basis of End User, the market is segmented into Commercial, and Industrial.

Market player

The main market players in the Global Energy as a Service Market are Schneider Electric, General Electric, Siemens AG, Veolia Environment SA, Alpiq Holding Ltd., EDF Renewable Energy, Bernhard Energy Solutions, Johnson Controls, Engie Group, WGL Energy.

Recent Developments

  • In October 2021, DIF Capital Partners, one of the world's leading independent infrastructure investment fund managers, will acquire Bernhard LLC, the largest privately owned Energy-as-a-Service (EaaS) solutions company in the United States, from its subsidiary announced that it had acquired Bernhard Capital Partners.
  • In December 2021, Schneider Electric announced the formation of GREENext, a company that provides Energy-as-a-Service primarily to commercial and industrial customers through renewable energy such as solar and battery hybrid microgrid technologies helping them to become more sustainable.

Attribute

Details

Base Year

2022

Historic Data

2018– 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

Service Type

End User

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Germany; United Kingdom; France; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; South Africa; UAE;

Key companies profiled

Schneider Electric, General Electric, Siemens AG, Veolia Environment SA, Alpiq Holding Ltd., EDF Renewable Energy, Bernhard Energy Solutions, Johnson Controls, Engie Group, WGL Energy

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Energy as a Service Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            o   Global Energy as a Service Market, By Service Type:

o   Power Generation Services

o   Energy Efficiency & Optimization Services

o   Operational & Maintenance Services

            o   Global Energy as a Service Market, By End User:

o   Commercial

o   Industrial

            o   Global Energy as a Service Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§   India

§  Japan

§  South Korea

§  Australia

§  China

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Energy as a Service Market.

Available Customizations:

Global Energy as a Service Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to ten).
The Global Energy as a Service Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 Global Energy as a Service Market

4.    Executive Summary

5.    Voice of Customers

6.    Global Energy as a Service Market

6.1.  Market Size & Forecast

6.1.1.              By Value

6.2.  Market Share & Forecast

6.2.1.              By Service Type (Power Generation Services, Energy Efficiency & Optimization Services, Operational & Maintenance Services)

6.2.2.              By End User (Commercial, Industrial)

6.2.3.              By Region

6.3.  By Company (2022)

6.4.  Market Map

7.    North America Energy as a Service Market Outlook

7.1.  Market Size & Forecast

7.1.1.              By Value

7.2.  Market Share & Forecast

7.2.1.              By Service Type

7.2.2.              By End User

7.2.3.              By Country

7.3.  North America: Country Analysis

7.3.1.              United States Energy as a Service Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1.                By Value 

7.3.1.2. Market Share & Forecast

7.3.1.2.1.                By Service Type

7.3.1.2.2.               By End User

7.3.2.              Canada Energy as a Service Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1.                By Value 

7.3.2.2. Market Share & Forecast

7.3.2.2.1.                By Service Type

7.3.2.2.2.           By End User 

7.3.3.              Mexico Energy as a Service Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1.                By Value 

7.3.3.2. Market Share & Forecast

7.3.3.2.1.                By Service Type

7.3.3.2.2.               By End User

8.    Asia-Pacific Energy as a Service Market Outlook

8.1.  Market Size & Forecast

8.1.1.              By Value

8.2.  Market Share & Forecast

8.2.1.              By Service Type

8.2.2.              By End User

8.2.3.              By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.              China Energy as a Service Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1.                By Value 

8.3.1.2. Market Share & Forecast

8.3.1.2.1.                By Service Type

8.3.1.2.2.               By End User  

8.3.2.              India Energy as a Service Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1.                By Value 

8.3.2.2. Market Share & Forecast

8.3.2.2.1.                By Service Type

8.3.2.2.2.               By End User  

8.3.3.              Japan Energy as a Service Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1.                By Value 

8.3.3.2. Market Share & Forecast

8.3.3.2.1.                By Service Type

8.3.3.2.2.               By End User  

8.3.4.              South Korea Energy as a Service Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1.                By Value 

8.3.4.2. Market Share & Forecast

8.3.4.2.1.                By Service Type

8.3.4.2.2.               By End User  

8.3.5.              Australia Energy as a Service Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1.                By Value 

8.3.5.2. Market Share & Forecast

8.3.5.2.1.                By Service Type

8.3.5.2.2.           By End User

9.    Europe Energy as a Service Market Outlook

9.1.  Market Size & Forecast

9.1.1.              By Value

9.2.  Market Share & Forecast

9.2.1.              By Service Type

9.2.2.              By End User

9.2.3.              By Country

9.3.  Europe: Country Analysis

9.3.1.              Germany Energy as a Service Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1.                By Value 

9.3.1.2. Market Share & Forecast

9.3.1.2.1.                By Service Type

9.3.1.2.2.               By End User  

9.3.2.              United Kingdom Energy as a Service Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1.                By Value 

9.3.2.2. Market Share & Forecast

9.3.2.2.1.                By Service Type

9.3.2.2.2.               By End User 

9.3.3.              France Energy as a Service Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1.                By Value 

9.3.3.2. Market Share & Forecast

9.3.3.2.1.                By Service Type

9.3.3.2.2.               By End User

9.3.4.              Spain Energy as a Service Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1.                By Value 

9.3.4.2. Market Share & Forecast

9.3.4.2.1.                By Service Type

9.3.4.2.2.               By End User  

9.3.5.              Italy Energy as a Service Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1.                By Value 

9.3.5.2. Market Share & Forecast

9.3.5.2.1.                By Service Type

9.3.5.2.2.               By End User

10. South America Energy as a Service Market Outlook

10.1.   Market Size & Forecast

10.1.1.           By Value

10.2.   Market Share & Forecast

10.2.1.           By Service Type

10.2.2.           By End User

10.2.3.           By Country

10.3.   South America: Country Analysis

10.3.1.           Brazil Energy as a Service Market Outlook

10.3.1.1.              Market Size & Forecast

10.3.1.1.1.             By Value 

10.3.1.2.              Market Share & Forecast

10.3.1.2.1.             By Service Type

10.3.1.2.2.             By End User  

10.3.2.           Argentina Energy as a Service Market Outlook

10.3.2.1.              Market Size & Forecast

10.3.2.1.1.             By Value 

10.3.2.2.              Market Share & Forecast

10.3.2.2.1.             By Service Type

10.3.2.2.2.         By End User  

10.3.3.           Colombia Energy as a Service Market Outlook

10.3.3.1.              Market Size & Forecast

10.3.3.1.1.             By Value 

10.3.3.2.              Market Share & Forecast

10.3.3.2.1.             By Service Type

10.3.3.2.2.             By End User

11. Middle East & Africa Energy as a Service Market Outlook

11.1.   Market Size & Forecast

11.1.1.           By Value

11.2.   Market Share & Forecast

11.2.1.           By Service Type

11.2.2.           By End User

11.2.3.           By Country

11.3.   Middle East & Africa: Country Analysis

11.3.1.           Saudi Arabia Energy as a Service Market Outlook

11.3.1.1.              Market Size & Forecast

11.3.1.1.1.             By Value 

11.3.1.2.              Market Share & Forecast

11.3.1.2.1.             By Service Type

11.3.1.2.2.             By End User  

11.3.2.           South Africa Energy as a Service Market Outlook

11.3.2.1.              Market Size & Forecast

11.3.2.1.1.             By Value 

11.3.2.2.              Market Share & Forecast

11.3.2.2.1.             By Service Type

11.3.2.2.2.         By End User  

11.3.3.           UAE Energy as a Service Market Outlook

11.3.3.1.              Market Size & Forecast

11.3.3.1.1.             By Value 

11.3.3.2.              Market Share & Forecast

11.3.3.2.1.             By Service Type

11.3.3.2.2.             By End User

12. Market Dynamics

12.1.   Drivers

12.2.   Challenges

13. Market Trends & Developments

14. Company Profiles

14.1.   Schneider Electric 

14.1.1.         Business Overview

14.1.2.         Key Revenue and Financials

14.1.3.         Recent Developments

14.1.4.         Key Personnel

14.1.5.         Key Product/Services

14.2.   General Electric

14.2.1.         Business Overview

14.2.2.         Key Revenue and Financials

14.2.3.         Recent Developments

14.2.4.         Key Personnel

14.2.5.         Key Product/Services

14.3.   Siemens AG

14.3.1.         Business Overview

14.3.2.         Key Revenue and Financials

14.3.3.         Recent Developments

14.3.4.         Key Personnel

14.3.5.         Key Product/Services

14.4.   Veolia Environment SA

14.4.1.         Business Overview

14.4.2.         Key Revenue and Financials

14.4.3.         Recent Developments

14.4.4.         Key Personnel

14.4.5.         Key Product/Services

14.5.   Alpiq Holding Ltd.

14.5.1.         Business Overview

14.5.2.         Key Revenue and Financials

14.5.3.         Recent Developments

14.5.4.         Key Personnel

14.5.5.         Key Product/Services

14.6.   EDF Renewable Energy

14.6.1.         Business Overview

14.6.2.         Key Revenue and Financials

14.6.3.         Recent Developments

14.6.4.         Key Personnel

14.6.5.         Key Product/Services

14.7.    Bernhard Energy Solutions

14.7.1.         Business Overview

14.7.2.         Key Revenue and Financials

14.7.3.         Recent Developments

14.7.4.         Key Personnel

14.7.5.         Key Product/Services

14.8.   Johnson Controls

14.8.1.         Business Overview

14.8.2.         Key Revenue and Financials

14.8.3.         Recent Developments

14.8.4.         Key Personnel

14.8.5.         Key Product/Services

14.9.   Engie Group

14.9.1.         Business Overview

14.9.2.         Key Revenue and Financials

14.9.3.         Recent Developments

14.9.4.         Key Personnel

14.9.5.         Key Product/Services

14.10.  WGL Energy

14.10.1.      Business Overview

14.10.2.      Key Revenue and Financials

14.10.3.      Recent Developments

14.10.4.      Key Personnel

14.10.5.      Key Product/Services

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Energy-as-a-Service (EaaS) is a business model in which customers pay for energy services without upfront capital investment. The EaaS model typically takes the form of subscribing electrical equipment owned by service companies or managing energy consumption to provide the required energy services.

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Major market players are Schneider Electric, General Electric, Siemens AG, Veolia Environment SA, Alpiq Holding Ltd., EDF Renewable Energy, Bernhard Energy Solutions, Johnson Controls, Engie Group, WGL Energy, etc.

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Service Type & End User are the segments in the Global Energy as a Service Market.

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Power Generation Services segment is expected to dominate the market during the forecast period.

profile

Parvati Sharma

Account Manager BD
Press Release

Commercial Industry to Lead Global Energy as a Service Market

Jan, 2023

Efforts toward decarbonization due to rapid industrialization and the introduction of renewable energy are the major factors driving the market during the forecast period.