Energy as a Service Market

Energy as a Service Market by Service Type (Generation, Operation & Maintenance, Optimization & Efficiency), End-User (Industrial Sector and Commercial Sector), and Region (North America, Europe, Asia Pacific, and RoW) - Global Forecast to 2023

Report Code: EP 6429 Jul, 2018, by marketsandmarkets.com

[101 Report Pages] The global energy-as-a-service (EaaS) market was valued at USD 965.5 million in 2017 and is projected to reach USD 7,336.1 million by 2023, growing at a CAGR of 45.72%. Increase in energy consumption and investments in renewable energy are the key factors driving the EaaS market at the country level. Almost all the countries across the globe are shifting their focus on electricity generation through renewable energy resources to reduce the consumption of fossil fuels and lower CO2 emissions. Rising energy consumption and price volatility and growing potential of renewable energy are the major drivers that would trigger growth in the EaaS market.

The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018 to 2023

The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global EaaS market by service type, end-user, and region
  • To provide detailed information on the major factors influencing the growth of the EaaS market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the EaaS market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the EaaS market with respect to the major regions (Asia Pacific, Europe, North America, and the Rest of the World)
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the EaaS market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global EaaS market. Primary sources are mainly industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. The research methodology is explained below.

  • Study of the annual revenues and market developments of the major players providing EaaS
  • Analyses of the demand for EaaS by type of service segment
  • Assessment of future trends and growth of end-users in the EaaS market
  • Study of market trends in various regions and countries based on end-users
  • Study of contracts and developments related to the EaaS market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing EaaS across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Energy as a Service Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The EaaS ecosystem consists of a mix of players who possess varying competencies related to supply of energy, energy monitoring and analytics, and energy management through technology-focused upgrades. The EaaS ecosystem comprises of energy solution providers such as GE (US), Siemens (Germany), Engie (France), WGL Energy (US), Enel X (Italy), Edison Energy (US), Orsted (Denmark), EDF Energy (UK), SmartWatt (US), Contemporary Energy Solutions (US), Enertika (Spain), Solarus (Netherlands), and Bernhard Energy (US).

Target Audience:

The target audience of this report includes:

  • Analytics companies
  • Combined Heat and Power (CHP) project developers
  • Consulting companies in the power sector
  • Distributed Energy Resources (DER) technology manufacturers
  • End-users with heavy energy portfolio across industrial, commercial, military, and government
  • Energy management companies
  • Energy service companies
  • Financiers
  • Microgrid developers
  • Solar PV project developers and technology manufacturers

Scope of the Report:

  • By Service Type
    • Generation
    • Operation & Maintenance
    • Energy efficiency & optimization
  • By End-User
    • Industrial
    • Commercial
  • By Region
    • Asia Pacific
    • Europe
    • North America
    • Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analysis

Company Information

Detailed analyses and profiling of additional market players (up to 5)

The global EaaS market is estimated to be USD 1,116.5 million in 2018 and is projected to reach USD 7,336.1 million by 2023, growing at a CAGR of 45.72% from 2018 to 2023. Rising energy consumption and price volatility and growing potential of renewable energy are the major drivers of the EaaS market.

The report segments the EaaS market, by service type, into generation, operation & maintenance, and energy efficiency & optimization. The energy efficiency & optimization segment is expected to dominate the market in 2018 due to its advantages such as reduction of operating costs, energy savings, and increasing energy efficiency by improving the speed of energy equipment through monitoring. The energy saving potential is identified after evaluating existing energy systems in the building through an energy audit. ISO 50002 defines an energy-auditing process to create energy savings.

Based on end-user, the EaaS market has been segmented into industrial and commercial. The industrial segment is expected to hold the largest market share in 2018 and is the fastest growing market from 2018 to 2023. Increase in investments for clean and efficient power supply is one of the key factors driving the industrial end-user segment of the EaaS market during the forecast period.

In this report, the EaaS market has been analyzed with respect to four regions, namely, Asia Pacific, Europe, North America, and the Rest of the World. The Rest of the World includes South America, Africa, and the Middle East. The North American region is expected to hold the largest market share in 2018 and is the fastest growing market from 2018 to 2023. Factors such as increased energy consumption, government mandates on energy efficiency, and rising influx of renewable sources in the energy mix are driving the EaaS market in the North American region.

Energy as a Service Market

EaaS is the comprehensive management of a customer’s energy portfolio including energy assets, operations, and services that include supply, demand, and program management often incorporating new products, services, and technology solutions. The market currently consists of third-party vendors, electric companies, energy service companies, and others. They seek to deploy niche technical, financing, or procurement solutions such as solar power-purchase agreements (PPAs), energy services performance contracts, and electricity market retail brokerage services.

The growth of decentralized energy systems and need for clean, flexible, low-cost energy can create opportunities in the EaaS market. However, integration and deployment challenges and existing utility models could restrain the growth of the EaaS market, leading to declining profits.

Some of the leading players in the EaaS market are GE (US), Siemens (Germany), Engie (France), Edison Energy (US), and EDF Energy (UK). New product launches and expansion were the most widely adopted strategies by players to ensure their dominance in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Energy-as-a-Service Market, By Country
    4.2 Energy-as-a-Service Market, By Service Type
    4.3 Energy-as-a-Service Market, By End-User
    4.4 Asia Pacific Energy-as-a-Service Market

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Energy Consumption and Price Volatility
                    5.2.1.2 Growing Potential of Renewable Energy
           5.2.2 Restraints
                    5.2.2.1 Integration and Deployment Challenges
                    5.2.2.2 Dominance of Existing Centralized Utility Models
           5.2.3 Opportunities
                    5.2.3.1 Backward and Forward Integration
           5.2.4 Challenges
                    5.2.4.1 Results Manifest With Scale

6 Energy as a Service Market, By Service Type (Page No. - 36)
    6.1 Introduction
    6.2 Power Generation Services
    6.3 Operational and Maintenance Services
    6.4 Energy Efficiency and Optimization Services

7 Energy as a Service Market, By End-User (Page No. - 41)
    7.1 Introduction
    7.2 Commercial
    7.3 Industrial

8 Energy as a Service Market, By Region (Page No. - 45)
    8.1 Introduction
    8.2 Asia Pacific
           8.2.1 China
           8.2.2 Australia
           8.2.3 Japan
           8.2.4 Rest of Asia Pacific
    8.3 Rest of the World
           8.3.1 Middle East
           8.3.2 South America
           8.3.3 Africa
    8.4 North America
           8.4.1 US
           8.4.2 Canada
    8.5 Europe
           8.5.1 The UK
           8.5.2 Germany
           8.5.3 France
           8.5.4 Italy
           8.5.5 Spain
           8.5.6 Rest of Europe

9 Competitive Landscape (Page No. - 66)
    9.1 Overview
    9.2 Ranking of Players & Market Structure
    9.3 Competitive Scenario
           9.3.1 Contracts & Agreements
           9.3.2 New Product Launches
           9.3.3 Expansions
           9.3.4 Mergers & Acquisitions

10 Benchmarking (Page No. - 70)

11 Company Profiles (Page No. - 71)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 WGL Energy Services
     11.2 Engie
     11.3 Bernhard Energy Solutions
     11.4 Enel X
     11.5 Edison Energy
     11.6 Solarus
     11.7 Ørsted
     11.8 Smartwatt
     11.9 Contemporary Energy Solutions
     11.10 EDF Renewable Energy
     11.11 GE
     11.12 Siemens
     11.13 Enertika

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 94)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (41 Tables)

Table 1 Global Energy-as-a-Service Market Snapshot
Table 2 Energy as a Service Market Size, By Service Type, 2016–2023 (USD Million)
Table 3 Generation: EaaS Market Size, By Region, 2016-2023 (USD Million)
Table 4 Operation and Maintenance: EaaS Market Size, By Region, 2016-2023 (USD Million)
Table 5 Optimization & Efficiency: EaaS Market Size, By Region, 2016-2023 (USD Million)
Table 6 Energy as a Service Market Size, By End-User, 2016–2023 (USD Million)
Table 7 Commercial: EaaS Market Size, By Region, 2016–2023 (USD Million)
Table 8 Industrial: EaaS Market Size, By Region, 2016–2023 (USD Million)
Table 9 EaaS Market, By Region, 2016–2023 (USD Million)
Table 10 Asia Pacific: EaaS Market Size, By Country, 2016–2023 (USD Million)
Table 11 Asia Pacific: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 12 Asia Pacific: EaaS Market Size, By Service Type, 2016–2023 (USD Million)
Table 13 China: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 14 Australia: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 15 Japan: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 16 Rest of Asia Pacifc: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 17 Rest of the World: EaaS Market Size, By Region, 2016–2023 (USD Million)
Table 18 Rest of the World: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 19 Rest of the World: EaaS Market Size, By Service Type, 2016–2023 (USD Million)
Table 20 Middle East: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 21 South America: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 22 Africa: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 23 North America: EaaS Market Size, By Country, 2016–2023 (USD Million)
Table 24 North America: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 25 North America: EaaS Market Size, By Service Type, 2016–2023 (USD Million)
Table 26 US: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 27 Canada: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 28 Europe: EaaS Market Size, By Country, 2016–2023 (USD Million)
Table 29 Europe: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 30 Europe: EaaS Market Size, By Service Type, 2016–2023 (USD Million)
Table 31 UK: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Germany: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 33 France: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 34 Italy: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Spain: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Rest of Europe: EaaS Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Market Developments Between 2014 and 2017
Table 38 Contracts & Agreements, 2015–2018
Table 39 New Product Launches, 2015–2018
Table 40 Expansions, 2015–2018
Table 41 Mergers & Acquisitions, 2015–2018


List of Figures (31 Figures)

Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 North America Holds the Largest Share in the Energy-as-a-Service Market in 2017
Figure 6 Optimization & Efficiency Segment Holds the Largest Market Share in 2017
Figure 7 Industrial End-User Segment Dominated the Energy-as-a-Service Market in 2017
Figure 8 Attractive Opportunities in the Energy-as-a-Service Market, 2018–2023
Figure 9 Energy-as-a-Service Market in the US is Estimated to Grow at the Highest Rate During the Forecast Period
Figure 10 Optimization & Efficiency Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 11 Industrial Segment is Expected to Dominate the EaaS Market During the Forecast Period
Figure 12 China Accounted for the Largest Share of the Asia Pacific EaaS Market in 2017
Figure 13 Energy-as-a-Service Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Average Price of Electricity in the Us
Figure 15 Annual Investment in Renewable Energy (2004–2016)
Figure 16 Energy as a Service Market, By Service Type, 2018–2023 (USD Million)
Figure 17 Energy as a Service Market, By End-User, 2018 vs 2023 (USD Million)
Figure 18 EaaS Market, By Region, 2017
Figure 19 Regional Snapshot: EaaS Market in North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America: EaaS Market Snapshot
Figure 21 Europe: EaaS Market Snapshot
Figure 22 Key Developments in Energy-as-a-Service (EaaS) Market, 2015–2018
Figure 23 ABB Led the Circuit Breaker Market in 2016
Figure 24 WGL Holdings: Company Snapshot
Figure 25 Engie: Company Snapshot
Figure 26 Enel X: Company Snapshot
Figure 27 Edison Energy: Company Snapshot
Figure 28 Ørsted: Company Snapshot
Figure 29 EDF Energy: Company Snapshot
Figure 30 GE: Company Snapshot
Figure 31 Siemens: Company Snapshot


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Report Code
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