Energy as a Service Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 66.16 Billion
CAGR (2026-2031)	13.03%
Fastest Growing Segment	Operational & Maintenance Service
Largest Market	North America
Market Size (2031)	USD 137.96 Billion

Market Overview

The Global Energy as a Service Market will grow from USD 66.16 Billion in 2025 to USD 137.96 Billion by 2031 at a 13.03% CAGR. Energy as a Service defines a business model wherein customers procure energy management and delivery through subscription or performance contracts rather than upfront asset ownership. The primary drivers fueling this market include the accelerating demand for distributed energy resources and the imperative to reduce carbon footprints through improved energy efficiency. Additionally, organizations seek this model to transfer the financial risk of infrastructure maintenance to external providers while stabilizing operational costs.

According to the International Energy Agency, in 2024, global investment in electricity grids was projected to reach USD 400 billion to facilitate system flexibility and digital integration. This investment underscores the growing infrastructure capabilities necessary to support external energy management solutions. However, the market encounters a significant challenge regarding diverse and complex regulatory frameworks that complicate the standardization of service contracts across international borders.

Key Market Drivers

The accelerating integration of renewable energy sources significantly propels the Global Energy as a Service Market by necessitating flexible power management solutions. As decentralized generation assets proliferate, traditional grid infrastructures struggle to balance intermittent supply, creating a critical need for service-based energy optimization. According to the International Renewable Energy Agency, March 2024, in the 'Renewable Capacity Statistics 2024' report, the global power sector added a record 473 GW of renewable capacity in 2023. This massive influx requires the advanced monitoring capabilities of EaaS platforms to ensure grid stability. Furthermore, according to the Global Wind Energy Council, April 2024, in the 'Global Wind Report 2024', the wind industry installed a record 117 GW of new capacity in 2023, highlighting the diverse generation mix that EaaS providers must aggregate and manage for their clients.

Simultaneously, the rising demand for energy efficiency and cost optimization drives organizations to transition from capital-intensive ownership to operational expenditure models. EaaS allows enterprises to adopt clean technologies without the burden of upfront infrastructure costs, effectively shifting financial risk to the service provider. This transition is supported by substantial capital flows into clean technologies, which EaaS models help monetize and maintain. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, investment in solar PV alone was projected to reach USD 500 billion in 2024, surpassing all other electricity generation technologies combined. This financial scale underscores the market's pivot toward managed, efficient energy assets that deliver predictable operational costs and sustainability benefits.

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Key Market Challenges

The presence of diverse and complex regulatory frameworks acts as a substantial barrier to the growth of the Global Energy as a Service Market by complicating the standardization of service contracts. Energy as a Service models rely heavily on scalability and replicable subscription structures to maintain low costs and operational efficiency across different regions. However, fragmented regulations regarding grid access, net metering, and carbon reporting force providers to customize contracts for each specific jurisdiction. This necessity for bespoke compliance increases administrative burdens and transaction costs, thereby eroding the financial appeal of the subscription model for multinational clients seeking uniform energy solutions.

These regulatory bottlenecks create substantial delays in project implementation and asset deployment. According to the International Energy Agency, in 2024, at least 1,650 gigawatts of renewable capacity were in advanced stages of development but remained stalled while waiting for a grid connection. This backlog highlights how permitting hurdles and regulatory inefficiencies prevent ready-to-deploy assets from becoming operational. Consequently, these delays strand capital and stall the delivery of promised energy savings, directly undermining the agility and reliability that define the Energy as a Service value proposition.

Key Market Trends

The Integration of Artificial Intelligence for Predictive Energy Analytics is fundamentally reshaping the market by transitioning providers from reactive asset maintenance to autonomous system optimization. EaaS platforms are increasingly deploying machine learning algorithms to forecast energy price spikes and equipment failures, thereby securing the performance guarantees central to subscription contracts. This technological shift allows customers to maximize the value of distributed assets while ensuring providers can meet stringent efficiency baselines without incurring excessive operational penalties. According to Siemens Energy, November 2024, in the 'Earnings Release Q4 FY 2024', the Grid Technologies business segment reported a comparable revenue growth of approximately 32%, underscoring the rapid industrial uptake of intelligent infrastructure and digital stability services necessary to support these advanced analytical capabilities.

Simultaneously, the Convergence of Electric Vehicle Charging with Energy Services has emerged as a critical trend, effectively turning corporate fleets into flexible grid resources. Service providers are now bundling charging infrastructure installation with smart load management software that mitigates peak demand charges and enables vehicle-to-grid revenue streams. This integration transforms EVs from simple power consumers into dynamic assets that EaaS vendors utilize to balance local microgrids and lower overall energy procurement costs for commercial clients. According to the International Energy Agency, October 2024, in the 'World Energy Outlook 2024', global electric car sales were set to reach 17 million units in 2024, representing a massive new distributed load that necessitates the sophisticated, managed charging solutions offered through service-based models.

Segmental Insights

The Operational & Maintenance Service segment is identified as the fastest-growing category within the Global Energy as a Service Market due to the accelerating adoption of distributed energy resources. As commercial and industrial facilities increasingly integrate complex assets such as solar photovoltaics and battery storage, the demand for specialized technical oversight has intensified. This expansion is further driven by sustainability frameworks promoted by institutions like the International Energy Agency, which encourage enterprises to optimize energy efficiency. Consequently, businesses are prioritizing outsourced maintenance contracts to ensure system reliability and minimize downtime while avoiding heavy internal administrative burdens.

Regional Insights

North America leads the Global Energy as a Service Market, primarily due to its mature energy infrastructure and the widespread integration of smart grid technologies. This dominance is reinforced by robust regulatory frameworks, such as initiatives from the U.S. Department of Energy that incentivize grid modernization and energy efficiency. Corporations across the region increasingly adopt service-based models to meet sustainability targets while avoiding significant upfront capital expenditures. Additionally, the strong presence of established energy service providers enables businesses to optimize consumption and stabilize operational costs, further cementing the region's market superiority.

Recent Developments

In December 2024, Schneider Electric launched a new portfolio of AI-ready data center solutions, including the Galaxy VXL uninterruptible power supply, to address the escalating energy challenges of artificial intelligence workloads. The company introduced these products alongside a reference design co-developed with NVIDIA, aiming to optimize power density and efficiency in digital infrastructure. This launch supports the Energy-as-a-Service market by providing the advanced hardware and digital management tools necessary for operators to stabilize grids and manage consumption. The new systems are designed to handle high-density power requirements while minimizing the physical footprint.
In June 2024, Engie South East Asia secured a significant Cooling-as-a-Service contract with CapitaLand Investment to retrofit and operate cooling systems at major properties in Singapore, including Raffles City. Under this 15-year performance-guaranteed agreement, the company will design, build, and maintain the energy-efficient chilled water and air-conditioning systems. The project utilizes a subscription-based model where the property owner pays for the cooling service rather than investing in the infrastructure upfront. This initiative is expected to reduce energy consumption significantly and lower carbon emissions, demonstrating the viability of the service model in Asian commercial real estate.
In May 2024, Duke Energy announced a strategic collaboration with Amazon, Google, Microsoft, and Nucor to develop new rate structures designed to accelerate clean energy adoption. The companies proposed "Accelerating Clean Energy" tariffs, which allow large commercial and industrial customers to support carbon-free energy generation through innovative financing models. This initiative fits within the broader Energy-as-a-Service landscape by offering tailored energy portfolios and risk-sharing mechanisms for on-site generation and load flexibility. The agreement facilitates the deployment of emerging technologies like long-duration storage and advanced nuclear power to meet growing demand.
In April 2024, Bernhard entered into a transformative 30-year partnership with Hackensack Meridian Health to upgrade energy infrastructure across the healthcare network's facilities. This collaboration, described as one of the largest Energy-as-a-Service projects in the United States healthcare sector, involves the installation of a substantial solar and battery energy storage system. Under the agreement, the company will manage the energy assets, allowing the healthcare provider to focus on patient care while retaining ownership of the renewable systems. The project aims to improve energy resilience and sustainability for the network's hospitals in New Jersey.

Key Market Players

Schneider Electric SE
Siemens AG
Engie SA
Honeywell International Inc.
Veolia Environnement S.A.
Johnson Controls International plc
General Electric Company
EDF Renewables North America
Enel X
Ameresco Inc

By Service Type	By End-user	By Region
Energy Supply Service Operational & Maintenance Service Energy Optimization & Efficiency Service	Commercial and Industrial	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the 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:

Energy as a Service Market, By Service Type:

Energy Supply Service
Operational & Maintenance Service
Energy Optimization & Efficiency Service

Energy as a Service Market, By End-user:

Commercial and Industrial

Energy as a Service Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
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, TechSci 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 five).

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. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Energy as a Service Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Service Type (Energy Supply Service, Operational & Maintenance Service, Energy Optimization & Efficiency Service)

5.2.2. By End-user (Commercial and Industrial)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Energy as a Service Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Service Type

6.2.2. By End-user

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Energy as a Service Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Service Type

6.3.1.2.2. By End-user

6.3.2. Canada Energy as a Service Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Service Type

6.3.2.2.2. By End-user

6.3.3. Mexico Energy as a Service Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Service Type

6.3.3.2.2. By End-user

7. Europe 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. Europe: Country Analysis

7.3.1. Germany 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. France 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. United Kingdom 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

7.3.4. Italy Energy as a Service Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Service Type

7.3.4.2.2. By End-user

7.3.5. Spain Energy as a Service Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Service Type

7.3.5.2.2. 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. Middle East & Africa 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. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia 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. UAE 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. South Africa 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

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. Colombia 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. Argentina 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. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Energy as a Service Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Schneider Electric SE

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Siemens AG

15.3. Engie SA

15.4. Honeywell International Inc.

15.5. Veolia Environnement S.A.

15.6. Johnson Controls International plc

15.7. General Electric Company

15.8. EDF Renewables North America

15.9. Enel X

15.10. Ameresco Inc

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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