Energy as a Service Market

Energy as a Service Market by Services Type (Energy Supply Services, Operational and Maintenance Services, and Energy Efficiency and Optimization Services) End-User (Commercial and Industrial), and Region – Global Forecast to 2024

Report Code : EP 6429
Published ON : May, 2019

[161 Pages Report] The global energy as a service market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of 10.8%. This growth can be attributed to factors such as new revenue generation streams for utilities, increasing distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability of federal and state tax benefits for energy efficiency projects.

Energy as a Service Market

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

The energy supply services segment is expected to be the largest contributor in the energy as a service market, by service type, during the forecast period.

The report segments the energy as a service market, by service type, into energy supply services, operational and maintenance services, energy efficiency, and optimization service. The energy supply services segment is expected to hold the largest market share by 2024. With the increasing prices, the consumers are looking to procure resilient energy supply to ensure that they can operate without the grid. Also, with the growing focus on various energy supply sources such as renewable, fossil fuels, nuclear, biomass, and biofuels, energy as a service model mainly supports renewable energy as it lowers energy costs, reduces carbon footprint, ensures high energy efficiency, and is environment-friendly. It gives the consumers the flexibility of choice on ownership, pricing, and financing. It also helps the operators customize energy generation designs based on consumer requirement, which are modern and robust. It enables easy and rapid integration of distributed generation and energy storage assets.

The commercial segment is expected to be the largest contributor during the forecast period.

The energy as a service market by end-user is segmented into commercial and industrial users. The commercial segment includes establishments such as healthcare, educational institution, airports, data centers, leisure centers, warehouses, hotels, and others. According to the American Council for an Energy-Efficient Economy, these establishments account for about 19% of the energy consumed in the US.  More than half the energy used by commercial buildings goes toward heating and lighting. The commercial segment is expected to hold the largest market share and the fastest growing market with energy service implementations being mandated across global regions in the commercial sector. This is mainly because of significant structural impacts, namely, economic growth. Furthermore, commercial consumers will have access to their energy efficiency through energy as a service that will, in turn, help them improve their energy consumption.

Energy as a Service Market

North America is expected to account for the largest market size during the forecast period.

In this report, the energy as a service market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. The market in North America is estimated to be the largest from 2019 to 2024. Utilities in countries such as the US, Canada, and Mexico are implementing energy efficiency projects and are looking to cut down energy generation costs. New approaches such as pay-for-performance are being introduced in the US to achieve energy efficiency at a larger scale in the commercial sector. For example, in California, energy efficiency policies have mandated that at least 60% of the savings achieved in obligation schemes need to be delivered by third-party service providers. Also, an increase in the share of renewable power generation and energy efficiency activities is expected to drive the market in this region.

Key market players

The major players in the global energy as a service market are Schneider Electric (France), Engie (France), Siemens (Germany), Honeywell (US), Veolia (France), Enel X (Italy), and EDF Renewable Energy (California).

Schneider Electric (France) was established in 1988 with its headquarters in France. It is a global energy specialist in energy management and automation. The company has been focusing on governmental and commercial institutions to offer energy as a service and microgrids as a service. The company has entered into various contracts for enhancing energy as a service as a business model that is disrupting the space and empowering consumers to embrace microgrids. Schneider has the vision to provide the energy as a service business model to enable consumers and communities to solve for energy resilience, sustainability, and energy cost. This would help the company attain its unique objectives without requiring the customers to operate a utility or increase their budget.

Engie (France) established in 2008 with its headquarters in France is one of the key players in the energy as a service market. The company observes energy services to be new and innovative market opportunity as the demand for customized and sustainable energy solutions is rising. Engie MEP, which is the related subsidiary of Engie for energy as a service, has plans to provide advanced contracts and services through state-of-the-art technical and financial solutions. The company performs such contracts through energy audits, energy efficiency solutions, and distributed energy resources. The industrial and commercial facilities in North American countries, including the US, Mexico, and Canada involve more in B2B contracts for energy solution. This creates scope for energy as a service companies such as Engie to target the energy saving performance contracts and power purchase agreements to optimize and operate the energy demand for the end-users.

Recent Developments

  • In May 2019, Engie was awarded an energy efficiency performance contract by UAC Berhad, a Malaysian manufacturing company, to improve energy efficiency by more than 18% electricity costs savings, up to 520 tons of CO2 per year. The agreement was signed to improve the energy efficiency of the compressed air system at UAC. ENGIE intends to strengthen its capabilities for energy as a service.
  • In December 2018, Honeywell was awarded a contract by Ethiopian Airports as the sole provider of low-voltage terminal-side solutions for Addis Ababa Bole International Airport. The contract award is part of a major airport expansion project that aims to bring new levels of comfort, efficiency, and security to the growing number of passengers traveling through the East African region each year.
  • In July 2018, Schneider Electric Energy & Sustainability Services (ESS) worked closely with BlueScope Steel to identify a longer-term renewable PPA as a strategy to reduce cost in the short term and decrease volatility over a longer term. Schneider Electric ESS has been long committed to helping businesses benefit from adopting low-cost renewable energy sources through PPAs and other projects.
  • In December 2017, The City of Newark and Honeywell partnered on an energy savings improvement project. Honeywell, selected as the City’s energy services company, led the program to upgrade building infrastructure in 17 facilities and helped reduce the city’s annual energy operating costs by an estimated 36% with potential savings of approximately USD 1 million a year.

Key questions addressed by the report

  • What are the key markets for various stakeholders such as utilities, analytics companies, and energy service providers in the energy as a service market?
  • How does the report help the system providers in understanding the market dynamics of the energy as a service market?
  • How does the report help in understanding the strategies adopted by the key players in the energy as a service market?
  • What are the key information that the report addresses about the key players and their market share in the energy as a service market?
  • What insights does the report provide about emerging geographies and what are the various competitive advantages major key players can gain in the energy as a service market?

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

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Market Size Estimation
           2.1.1 Ideal Demand-Side Analysis
                    2.1.1.1 Assumptions
           2.1.2 Supply-Side Analysis
                    2.1.2.1 Calculation
           2.1.3 Frame Work of Market Assessment
           2.1.4 Forecast
    2.2 Some of the Insights of the Industry Experts

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Global Energy as aService Market, 2019–2024
    4.2 Energy as aService Market, By Service Type
    4.3 Energy as aService Market, End-User
    4.4 North American Energy as aService Market

5 Market Overview (Page No. - 28)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 New Revenue Generation Streams for Utilities
                    5.2.1.2 Increasing Distributed Energy Resources
                    5.2.1.3 Decreasing Cost of Renewable Power Generation and Storage Solutions
                    5.2.1.4 Availability of Federal and State Tax Benefits for Energy-Efficiency Projects
           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

                    5.2.3.2 Increased Use of Energy-Efficiency Technology
           5.2.4 Challenges
                    5.2.4.1 Uncertainty About Agreement Structure
                    5.2.4.2 Building Ownership Constraint

6 Energy as aService Market, Key Highlights (Page No. - 36)
    6.1 By Top 5 Countries Market Size, 2017-2023
    6.2 By Top 5 Countries Market Growth Rate , 2017-2023
    6.3 Commercial Top 5 Key Growth Countries, 2017-2023
    6.4 Industrial Top 5 Key Growth Countries, 2017-2023

7 Energy as aService Market, By Service Type (Page No. - 38)
    7.1 Introduction
    7.2 Energy Supply Services
           7.2.1 Energy Resiliency and Immunity From Traditional Grid Constraints are Driving the Market
    7.3 Operational and Maintenance Services
           7.3.1 Asset Lifecycle Enhancement and Prevention of Downtime are Driving the Market
    7.4 Energy-Efficiency and Optimization Services
           7.4.1 Incentives for Energy Efficiency and Need to Reduce Energy Consumption are Driving the Market

8 Energy as aService Market, By End-User (Page No. - 47)
    8.1 Introduction
    8.2 Commercial
           8.2.1 Increase in the Energy Use Demand and Commercial Energy Prices is Expected to Drive the Commercial Segment
    8.3 Industrial
           8.3.1 Increase in Production Across A Wide Range of Industries and Potential Energy-Efficiency Improvements are Driving the Industrial Segment

9 Energy as aService Market, By Region (Page No. - 54)
    9.1 Introduction
    9.2 North America
           9.2.1 By Service Type
           9.2.2 By End-User
           9.2.3 By Country
           9.2.4 US
                    9.2.4.1 Need to Reduce Carbon Footprint and Increasing Focus on Energy Efficiency are Driving the Market
                    9.2.4.2 US Market By Service Type is Expected to Be Dominated By Energy Supply Services
                    9.2.4.3 Commercial Segment is Expected to Lead the End-User Market
           9.2.5 Canada
                    9.2.5.1 Need for Clean Energy Future and Reduction of Long-Term Energy Demand are Driving the Market
                    9.2.5.2 Energy Supply Services is Expected to Dominate the Market
                    9.2.5.3 Commercial Sector is Projected to Grow the Fastest During Forecast Period
           9.2.6 Mexico
                    9.2.6.1 Increasing Number of Policies to Support Energy Infrastructure Growth and Rising Demand for Renewable Energy are Expected to Drive the Market
                    9.2.6.2 Energy Efficiency and Optimization Services is Expected to Have the Largest Share of the Market
                    9.2.6.3 Industrial End-User Sector is Expected to Grow the Fastest During the Forecast Period
    9.3 Asia Pacific
           9.3.1 By Service Type
           9.3.2 By End-User
           9.3.3 By Country
           9.3.4 China
                    9.3.4.1 Rapid Economic Development and Supportive Policy Structure for Energy Efficiency are Driving the Market
                    9.3.4.2 Energy Efficiency and Optimization Services is Expected to Dominate the Market
                    9.3.4.3 Industrial Sector Dominate the Energy as aService Market
           9.3.5 Japan
                    9.3.5.1 Increasing Energy Prices and Need to Reduce Dependency on Import Fuels are Driving the Market
                    9.3.5.2 Energy Supply Services is Expected to Grow at the Fastest Rate
                    9.3.5.3 Commercial Segment Holds the Largest Share of the Energy as a Service Market
           9.3.6 Australia
                    9.3.6.1 Grid Reliability and Need for Energy-Efficiency Projects are Driving the Market
                    9.3.6.2 Energy Supply Services is Expected to Grow at the Fastest Rate
                    9.3.6.3 Industrial Sector is Expected to Hold the Largest Share of the Market
           9.3.7 Rest of Asia Pacific
                    9.3.7.1 Need for Energy Security and Need to Reduce Primary Energy Demand are Driving the Energy as aService Market
                    9.3.7.2 Energy Supply Services is Expected to Grow at the Fastest Rate
                    9.3.7.3 Commercial Sector is Expected to Hold the Largest Share of the Market
    9.4 Europe
           9.4.1 By Service Type
           9.4.2 By End-User
           9.4.3 By Country
           9.4.4 UK
                    9.4.4.1 Need for Energy Security and Volatile Energy Prices are Driving the Market
                    9.4.4.2 Energy Supply Services is Expected to Hold the Largest Share of the Market
                    9.4.4.3 Commercial Sector is Expected to Grow the Fastest
           9.4.5 Germany
                    9.4.5.1 Need to Integrate Renewable Energy Sources and Reduce Carbon Emission is Driving the Market
                    9.4.5.2 Energy Supply Services is Expected to Grow the Fastest
                    9.4.5.3 Commercial Sector Hold the Largest Share of the Market
           9.4.6 France
                    9.4.6.1 New Energy Policy and Need for Operational Flexibility are Driving the Market
                    9.4.6.2 Energy Supply Services Holds the Largest Share of the Market
                    9.4.6.3 Commercial Segment is Expected to Grow the Fastest
           9.4.7 Italy
                    9.4.7.1 Development of the Sustainable Energy Sector and Need to Reduce Energy Costs are Driving the Market
                    9.4.7.2 Energy Supply Services is Expected to Hold the Largest Market Share
                    9.4.7.3 Industrial Sector is Expected to Grow the Fastest
           9.4.8 Spain
                    9.4.8.1 Growing Need to Maintain Grid Stability and Need to Increase Energy Efficiency are Driving the Market
                    9.4.8.2 Energy Supply Services is Expected to Hold the Largest Market Share
                    9.4.8.3 Industrial Sector is Expected to Grow the Fastest
           9.4.9 Rest of Europe
                    9.4.9.1 Need for Energy Security and Favorable Support Structure for Energy-Efficiency Projects are Driving the Energy as aService Market
                    9.4.9.2 Energy Supply Services is Expected to Grow the Fastest During the Forecast Period
                    9.4.9.3 Commercial Sector is Expected to Hold the Largest Market Share
    9.5 Rest of the World
           9.5.1 By Service Type
           9.5.2 By End-User
           9.5.3 By Country
           9.5.4 Saudi Arabia
                    9.5.4.1 Shift to the Nonoil-Based Economy and Need for Renewable Power Generation are Driving the Market
                    9.5.4.2 Energy Supply Services is Expected to Hold the Largest Market Share
                    9.5.4.3 Commercial Sector is Expected to Grow the Fastest
           9.5.5 South Africa
                    9.5.5.1 Grid Connectivity and Policy Support for Energy-Efficiency Measures are Expected to Drive the Market
                    9.5.5.2 Energy Supply Services Hold the Largest Market Share
                    9.5.5.3 Commercial Sector is Expected to Grow the Fastest
           9.5.6 Brazil
                    9.5.6.1 Need for Tackling Power Outages is Driving the Market
                    9.5.6.2 Energy Efficiency and Optimization Services Hold the Largest Market Share
                    9.5.6.3 Commercial Sector is Expected to Grow the Fastest

10 Competitive Landscape (Page No. - 89)
     10.1 Overview
     10.2 Competitive Leadership Mapping
             10.2.1 Visionary Leaders
             10.2.2 Innovators
             10.2.3 Dynamic
             10.2.4 Emerging
     10.3 Market Share Analysis
     10.4 Competitive Scenario
             10.4.1 Contracts & Agreements
             10.4.2 Mergers & Acquisitions
             10.4.3 Others

11 Company Profile (Page No. - 97)
(Overview, Services Offered, Recent Developments, and MnM View)* 
     11.1 WGL Energy
     11.2 Engie
     11.3 Schneider Electric
     11.4 Siemens
     11.5 Johnson Controls
     11.6 General Electric
     11.7 EDF Renewable Energy
     11.8 Edison
     11.9 Alpiq
     11.10 Enel X
     11.11 Bernhard Energy Solutions
     11.12 Entegrity
     11.13 Smartwatt
     11.14 Enertika
     11.15 Noresco
     11.16 Veolia
     11.17 Honeywell
     11.18 Orsted
     11.19 Centrica
     11.20 Wendel Energy Services
*Details on Overview, Services Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 155)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (67 Tables)

Table 1 Estimation of Penetration Rate of Energy as aService in the Commercial and Industrial Sector is the Determining Factor for the Global Energy as aService Market
Table 2 Energy as aService Market Snapshot
Table 3 Recent Illustrations of Operational and Maintenance Services By Major Players
Table 4 Potential List of Efficiency Measures in End-Use Sector
Table 5 Energy as aService Market Size, By Key Countries, 2017–2024 (USD Million)
Table 6 Energy as aService Market Size, By Key Growth Countries, 2017–2024 (USD Million)
Table 7 Energy as aService Market Size, Commercial End-User By Key Growth Countries, 2017–2024 (USD Million)
Table 8 Energy as aService Market Size, Commercial End-User By Key Growth Countries, 2017–2024 (USD Million)
Table 9 Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 10 Energy Supply Services: Energy as aService Market Size, By Region, 2017–2024 (USD Million)
Table 11 Energy Supply Services: Energy as aService Market Size, By Top Countries, 2017–2024 (USD Million)
Table 12 Operational and Maintenance Services: Energy as aService Market Size, By Region, 2017–2024 (USD Million)
Table 13 Operational and Maintenance Services: Energy as aService Market Size, By Top Countries, 2017–2024 (USD Million)
Table 14 Efficiency and Optimization Services: Energy as aService Market Size, By Region, 2017–2024 (USD Million)
Table 15 Efficiency and Optimization Services: Energy as aService Market Size, By Top Countries, 2017–2024 (USD Million)
Table 16 Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 17 Total Energy Consumption in the Us (2012–2018)
Table 18 Commercial: Energy as aService Market Size, By Region, 2017–2024 (USD Million)
Table 19 Commercial: Energy as aService Market Size, By Top Countries, 2017–2024 (USD Million)
Table 20 Industrial: Energy as aService Market Size, By Region,2017–2024 (USD Million)
Table 21 Industrial: Energy as aService Market Size, By Top Countries, 2017–2024 (USD Million)
Table 22 Energy as aService Market Size, By Region, 2017–2024 (USD Million)
Table 23 North America: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 24 North America: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 25 North America: Energy as aService Market Size, By Country, 2017–2024 (USD Million)
Table 26 US: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 27 US: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 28 Canada: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 29 Canada: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 30 Mexico: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 31 Mexico: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 32 Asia Pacific: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 33 Asia Pacific: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 34 Asia Pacific: Energy as aService Market Size, By Country,2017–2024 (USD Million)
Table 35 China: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 36 China: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 37 Japan: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 38 Japan: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 39 Australia: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 40 Australia: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 41 Rest of Asia Pacific: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 42 Rest of Asia Pacific: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 43 Europe: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 44 Europe: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 45 Europe: Energy as aService Market Size, By Country, 2017–2024 (USD Million)
Table 46 UK: Energy as aService Market Size, By Service Type,2017–2024 (USD Million)
Table 47 UK: Energy as aService Market Size, By End-User,2017–2024 (USD Million)
Table 48 Germany: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 49 Germany: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 50 France: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 51 France: Energy as aService Market Size, By End-User,2017–2024 (USD Million)
Table 52 Italy: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 53 Italy: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 54 Spain: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 55 Spain: Energy as aService Market Size, By End-User,2017–2024 (USD Million)
Table 56 Rest of Europe: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 57 Rest of Europe: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 58 Rest of the World: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 59 Rest of the World: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 60 Rest of the World: Energy as aService Market Size, By Country, 2017–2024 (USD Million)
Table 61 Saudi Arabia: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 62 Saudi Arabia: Energy as aService Market Size, By End-User,2017–2024 (USD Million)
Table 63 South Africa: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 64 South Africa: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 65 Brazil: Energy as aService Market Size, By Service Type, 2017–2024 (USD Million)
Table 66 Brazil: Energy as aService Market Size, By End-User, 2017–2024 (USD Million)
Table 67 Developments By Key Players in the Market, 2016–2019


List of Figures (34 Figures)

Figure 1 Energy as aService Market, 2018
Figure 2 Energy Supply Services is Having the Largest Market Share in 2018
Figure 3 Commercial Segment is Expected to Lead the Energy as aService Market During the Forecast Period
Figure 4 North America is Expected to Dominate the Energy as aService Market During the Forecast Period
Figure 5 Increasing Distributed Energy Resources is Expected to Drive the Energy as aService Market During the Forecast Period
Figure 6 Energy Supply Services Segment Led the Energy as aService Market in 2018
Figure 7 Commercial Segment Dominated the Energy as aService Market in 2018
Figure 8 US Was the Largest Energy as aService Market in North America in 2018
Figure 9 Drivers, Restraints, Opportunities, and Challenges
Figure 10 Annual Installed Solar Capacity From 2011 to 2018 (MW)
Figure 11 Solar Cost From 2011 to 2018 (USD Per Watt)
Figure 12 Energy as aService Market, By Service Type, 2019–2024 (USD Million)
Figure 13 Commercial Segment is Expected to Dominate the Market During the Forecast Period
Figure 14 Energy Consumption By the Industrial Segment From 2012–2025
Figure 15 Regional Snapshot: the Market in Europe is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 16 Energy as aService Market Share (Value), By Region, 2018
Figure 17 North America: Regional Snapshot
Figure 18 Europe Snapshot
Figure 19 Key Developments in the Energy as aService Market During 2016–2019
Figure 20 Energy as aService Market (Global) Competitive Leadership Mapping, 2018
Figure 21 Market Share Analysis, 2018
Figure 22 Engie: Company Snapshot
Figure 23 Schneider Electric: Company Snapshot
Figure 24 Siemens: Company Snapshot
Figure 25 Johnson Controls: Company Snapshot
Figure 26 GE: Company Snapshot
Figure 27 EDF Renewable Energy: Company Snapshot
Figure 28 Edison: Company Snapshot
Figure 29 Alpiq: Company Snapshot
Figure 30 Enel X: Company Snapshot
Figure 31 Veolia: Company Snapshot
Figure 32 Honeywell: Company Snapshot
Figure 33 Orsted: Company Snapshot
Figure 34 Centrica: Company Snapshot

This study involved 4 major activities in estimating the current market size of the energy as a service market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation was done to estimate the market size of the segments and subsegments.

Secondary Research

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 energy as a service market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The energy as a service market comprises several stakeholders such as analytics companies, combined heat and power project developers, energy management companies, energy service companies, distributed energy resources technology manufacturers, solar PV project developers, and technology manufacturers in the supply chain. The demand-side of this market is characterized by its applications such as in the commercial and industrial sectors. The supply side is characterized by an increased emphasis on the energy efficiency projects by the energy services companies. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows:

Energy as a Service Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global energy as a service market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand- and supply sides in the commercial and industrial sectors.

Report Objectives

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

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Services type, end-user, and region

Geographies covered

North America, Asia Pacific, Europe, and the Rest of the World

Companies covered

Schneider Electric (France), Engie (France), Siemens (Germany), Honeywell (US), Veolia (France), Enel X (Italy), EDF Renewable Energy (California), WGL Energy (US), Johnson Controls (Ireland), General Electric (US), Edison (California), Alpiq (Switzerland), Bernhard Energy Solutions (US), Entegrity (US), Smartwatt (US), Enertika (Spain), Noresco (US), Orsted (Denmark), Centrica (US), and Wendel Energy Services (US).

This research report categorizes the energy as a service market on the basis of service type, end-user, and region.

On the basis of service type, the energy as a service market has been segmented as follows:

  • Energy Supply Services
  • Operational and Maintenance Services
  • Energy Efficiency and Optimization Services

On the basis of end-user, the energy as a service market has been segmented as follows:

  • Commercial
  • Industrial

On the basis of region, the energy as a service market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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