Energy as a Service (EaaS) Market Size, Trends and Insights By Service Type (Energy Supply Service, Energy Optimization And Efficiency Service, Energy Operational And Maintenance Service), By End-User (Commercial, Industrial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Veolia
- Centrica
- EDF Renewables
- Schneider Electric
- Others
Reports Description
The global energy as a service market was estimated at USD 61.47 Billion in 2021 and is supposed to reach USD 148.63 Billion during the forecast period from 2022-2030, projected to grow with a CAGR of 12.52% during the forecast period.
Energy as a service (EaaS) refers to the use of novel products, technologies, finance instruments, and technological approaches, as one or two elements of the energy portfolio of the customers such as planning, system management, procurement of energy, resources, and asset management, among others. Energy as a service is a newly emerged business model that helps the industries to resolve in-between competition, crucial insights of the business, and provides a solution for the growth of existing and newly developed businesses.
EaaS comprises third-party manufacturers, distributors, and potentially creative business strategies deploying niche-technical innovations, funding, or acquisition, including the purchasing of PHP solar power, deregulated retail electricity sector supplies, and the production of contracts for energy supplies.
Energy as a service offers various energy-related services for small, medium, and large industries. It helps to create awareness regarding the usage and optimization of energy-related services, proper maintenance, and management of power generation sources for better power generation. The EaaS model is transforming and increasing the efficiency of power purchases and energy management. EaaS aids in the energy management of buildings and minimizes the cost of spending on energy. With concerns over energy conservation and sustainable energy usage, facility managers are looking for options to lower carbon emissions and optimize power consumption.
The energy as a service market involves the sale of technology, analysis, energy, customized services, and access to the grid. The demand for the reduction of carbon emissions, decentralized energy distributions, adoption of renewable energy usage for power generation, and rapid industrial development, led to the enhancement of the energy as a service market.
This report provides an in-depth analysis of the market growth, regional insights, driving factors, market distribution or segmentation based on service type, end-user analysis, and key players that help the market to grow on a global scale.
Growth Factors
There are numerous responsibilities for the growth of the global energy as a service market, such as the increased efforts of the building owners to reduce the energy cost, reduction in the GHG emission, depletion of renewable resources with the increased use of renewable resources, etc., are some of the factors that drive the growth of the market.
As a result of increased environmental concern, various eminent companies have shifted their focus from conventional energy sources to advanced energy as a service model which is supposed to enhance the growth of the market during the forecast period, based on the projection. Along with this the rise in building owners’ efforts to lower power costs, an expansion in renewable power generation, and an enhancement in power efficiency activities, contribute to the growth of the market. A surge in the adoption of power and an increase in smart grid installations bolster market growth.
The formation of industries and urban civilization consumes a huge amount of energy, leading to the depletion of non-renewable sources of energy such as fossil fuels. This led to the rapid usage of renewable energy resources for electricity generation, creating a great positive impact on the market growth. Furthermore, government-driven initiatives and investments are the creation of industries that deal with the industries that generate renewable energy, which are crucial factors responsible for the growth of energy as a service market.
Various companies move from traditional power models to power as a facility model to generate lucrative growth opportunities. Moreover, the significant emphasis on renewable and non-renewable power sources, which mostly favor renewable power on account of the cheaper costs, lower carbon footprint, environmental friendliness, and power efficiency, augments the market growth for energy as a service market.
Renewable Energy Certificate Market Segmentation
The global energy as a service market is segmented based on service type, and end-user analysis, and is widely distributed across different regions.
Market Segmentation based on Service Type
Based on the service type, the market is bifurcated into energy supply service, energy optimization, efficiency service, and energy operations and maintenance service. The energy supply service segment has dominated the global market in 2021, and accounted for a major percentage of the global market share, owing to an increased consumer base due to the rise in population. The increased population has led to the huge consumer demand for the implementation of water and energy efficiency projects without the investments of upfront capital. In addition to that, the electric-based construction and transportation equipment drives the growth of the global EaaS market in terms of energy supply and service sector.
Market Segmentation based on End-User Analysis
Based on the end-user analysis, the global market is segmented into the industrial and commercial sectors. The commercial segment dominated the global energy as a service market in 2021 and is expected to dominate further during the forecast period. The rapid demand for the electricity supply from commercial places like restaurants, warehouses, commercial complexes, data centers, educational institutes, etc, led the commercial segment to hold large market shares. In addition, the energy consumption and optimization for the energy cost reduction are expected to provide supportive growth to the commercial sector during the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 61.47 Billion |
| Projected Market Size in 2030 | USD 148.63 Billion |
| CAGR Growth Rate | 12.52% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Veolia, Centrica, EDF Renewables, Schneider Electric, ABB, Siemens, GE, and Others |
| Key Segment | By Service Type, End-User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Insights
Based on the region the global energy as a service market is distributed among North America, Europe, Asia-Pacific, and LAMEA. Based on revenue, North America has dominated the global market by 2021 and is expected to grow further during the forecast period. The rise in the development of automated buildings and automation, high demand for the usage of renewable resources for energy generation, and rapid growth of the commercial industries and energy-efficiency projects led to the rapid development of the EaaS market across North America.
The market in North America was estimated at USD 28.49 billion in 2021 and is projected to grow fastest during the forecasting period. Furthermore, the increased demand for power plant installations dealing with renewable energy may uplift the market.
Europe is expected to have the second largest market share for the global energy as a service market, which leads to prominent potential growth during the forecast period. The increased use of renewable resources, rapid industrialization, and the initiatives taken by the government and private sectors for the deployment of green energy solutions, brings potential growth for Europe across the global market. The largest number of shares across Europe are held by countries like the UK, Italy, and Germany.
Key Market Players in the energy as a service market
Various companies have decided to invest in renewable energy sources for power generation due to increased awareness and high demand for sustainable development. Various companies are expected to invest in innovative projects such as distributed energy generation, offshore wind power, virtual power plants, etc., which are projected to lead the market during the forecast period.
Impact of covid 19 on energy as a service market
The emergence of the pandemic has considerably affected all industries. The EaaS market has also been affected on a global scale. Numerous commercial and industrial sectors witnessed a rapid decline in manufacturing and construction activities due to the consistently emerging positive cases and restricted migration. This greatly impacted the EaaS market on a global scale, which witnessed a rapid decline in energy efficiency activities and the limited adoption of new technology that could deal with energy.
Key developments in the energy as a service market
- In June 2021, Honeywell has announced its partnership with Alturas for the deployment of the battery storage system to global customers. Honeywell has provided the resources and the project framework, meanwhile, the dedicated capital is provided by the Alturas. Honeywell also launched the battery storage system platform for the customer to optimize battery usage.
- In November 2021, Rolls-Royce decide to collaborate the investment firm, Sustainable Development Capital (SDLC) to provide them with efficient energy as a service solution to help them take more sustainable power. Rolls-Royce also provided its customers with optimum electricity generated by sustainable energy-efficient systems.
- In December 2021, Johnson Controls launched OpenBlue Net Zero Buildings as an energy service platform to help other organizations to understand the efficient usage of energy. This launch may help the company to enhance its portfolio and meet the current standards for the usage of renewable sources.
- With the increased demand for renewable energy sources, the Distributed Energy Generation technology has utilized all the sources to generate energy using better sources and to reduce the production load.
Segments covered in the report
Based On Service Type
- Energy supply service
- Energy optimization and efficiency service
- Energy operational and maintenance service
Based On End-User
- Commercial
- Industrial
Based On Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Energy as a Service Market, (2022 – 2030) (USD Billion)
- 2.2 Global Energy as a Service Market : snapshot
- Chapter 3. Global Energy as a Service Market – Industry Analysis
- 3.1 Energy as a Service Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increased efforts of the building owners to reduce the energy cost
- 3.2.2 Reduction in the GHG emission
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Service Type
- 3.7.2 Market attractiveness analysis By End-User
- Chapter 4. Global Energy as a Service Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Energy as a Service Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Energy as a Service Market – Service Type Analysis
- 5.1 Global Energy as a Service Market overview: By Service Type
- 5.1.1 Global Energy as a Service Market share, By Service Type, 2021 and 2030
- 5.2 Energy Supply Service
- 5.2.1 Global Energy as a Service Market by Energy Supply Service, 2022 – 2030 (USD Billion)
- 5.3 Energy Optimization and Efficiency Service
- 5.3.1 Global Energy as a Service Market by Energy Optimization and Efficiency Service, 2022 – 2030 (USD Billion)
- 5.4 Energy Operational and Maintenance Service
- 5.4.1 Global Energy as a Service Market by Energy Operational and Maintenance Service, 2022 – 2030 (USD Billion)
- 5.1 Global Energy as a Service Market overview: By Service Type
- Chapter 6. Global Energy as a Service Market – End-User Analysis
- 6.1 Global Energy as a Service Market overview: By End-User
- 6.1.1 Global Energy as a Service Market share, By End-User, 2021 and 2030
- 6.2 Commercial
- 6.2.1 Global Energy as a Service Market by Commercial, 2022 – 2030 (USD Billion)
- 6.3 Industrial
- 6.3.1 Global Energy as a Service Market by Industrial, 2022 – 2030 (USD Billion)
- 6.1 Global Energy as a Service Market overview: By End-User
- Chapter 7. Energy as a Service Market – Regional Analysis
- 7.1 Global Energy as a Service Market Regional Overview
- 7.2 Global Energy as a Service Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Energy as a Service Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.4 North America Energy as a Service Market, by Service Type, 2022 – 2030
- 7.4.1 North America Energy as a Service Market, by Service Type, 2022 – 2030 (USD Billion)
- 7.5 North America Energy as a Service Market, by End-User, 2022 – 2030
- 7.5.1 North America Energy as a Service Market, by End-User, 2022 – 2030 (USD Billion)
- 7.4. Europe
- 7.4.2 Europe Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.4.2.1 Europe Energy as a Service Market, by Country, 2022 – 2030 (USD Billion)
- 7.4.2 Europe Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.4 Europe Energy as a Service Market, by Service Type, 2022 – 2030
- 7.4.1 Europe Energy as a Service Market, by Service Type, 2022 – 2030 (USD Billion)
- 7.5 Europe Energy as a Service Market, by End-User, 2022 – 2030
- 7.5.1 Europe Energy as a Service Market, by End-User, 2022 – 2030 (USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.5.3.1 Asia Pacific Energy as a Service Market, by Country, 2022 – 2030 (USD Billion)
- 7.5.3 Asia Pacific Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.4 Asia Pacific Energy as a Service Market, by Service Type, 2022 – 2030
- 7.4.1 Asia Pacific Energy as a Service Market, by Service Type, 2022 – 2030 (USD Billion)
- 7.5 Asia Pacific Energy as a Service Market, by End-User, 2022 – 2030
- 7.5.1 Asia Pacific Energy as a Service Market, by End-User, 2022 – 2030 (USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.6.4.1 Latin America Energy as a Service Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.4 Latin America Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.4 Latin America Energy as a Service Market, by Service Type, 2022 – 2030
- 7.4.1 Latin America Energy as a Service Market, by Service Type, 2022 – 2030 (USD Billion)
- 7.5 Latin America Energy as a Service Market, by End-User, 2022 – 2030
- 7.5.1 Latin America Energy as a Service Market, by End-User, 2022 – 2030 (USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.7.5.1 The Middle-East and Africa Energy as a Service Market, by Country, 2022 – 2030 (USD Billion)
- 7.7.5 The Middle-East and Africa Energy as a Service Market, 2022 – 2030 (USD Billion)
- 7.4 The Middle-East and Africa Energy as a Service Market, by Service Type, 2022 – 2030
- 7.4.1 The Middle-East and Africa Energy as a Service Market, by Service Type, 2022 – 2030 (USD Billion)
- 7.5 The Middle-East and Africa Energy as a Service Market, by End-User, 2022 – 2030
- 7.5.1 The Middle-East and Africa Energy as a Service Market, by End-User, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Veolia
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Centrica
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 EDF Renewables
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Schneider Electric
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 ABB
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Siemens
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 GE
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.1 Veolia
List Of Figures
Figures No 1 to 19
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“North America” region will lead the global Energy as a Service market during the forecast period 2022 to 2030.
There are numerous responsibilities for the growth of the global energy as a service market, such as the increased efforts of the building owners to reduce the energy cost, reduction in the GHG emission, depletion of renewable resources with the increased use of renewable resources, etc., are some of the factors that drive the growth of the market.
The key players operating in the Energy as a Service market are Veolia, Centrica, EDF Renewables, Schneider Electric, ABB, Siemens, GE, and Others.
The global Energy as a Service market is expanding growth with a CAGR of approximately 12.52% during the forecast period (2022 to 2030).
The global Energy as a Service market size was valued at USD 61.47 Billion in 2021 and it is projected to reach around USD 148.63 Billion by 2030.