The global energy as a service market is expected to grow from an estimated USD 64.7 billion in 2022 to USD 105.6 billion by 2027, at a CAGR of 10.3% during the forecast period. The energy as a service (EaaS) business model is a cutting-edge one in which a service provider (either conventional ESPs or new ones, including technology used in information and communications ICT firms provide a range of energy-related services as opposed to just providing electricity (Kilowatt-hours, or kWh) ESPs can package providing energy advice, setting up assets, funding, and a range of energy management options of services to final users. The growing installation of distributed electricity generation and storage technologies, along with the widespread availability of “smart” devices, has created room for new business models to emerge in the power sector. The increase in digitalization and smart metering has enabled the collection and analysis of large datasets that in turn enable automation. All of this provides the basis for the development of new energy-related services.
The leading players in the energy as service market include ENGIE (France), Enel X (Italy), Schneider Electric (France), Ameresco (US), and Siemens (Germany). Growth strategies adopted by these players include agreements, acquisitions, product launches, and contracts to increase their presence in the global market.
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Schneider Electric is a pioneer in the digital transformation of energy management and automation. It provides integrated efficiency and networking software solutions. The company offers its products and services to various industries, such as automotive, banking & finance, cloud and service providers, data centers and network solutions, electricity companies, healthcare, and machine automation. The company operates its business through two business segments, namely, Energy Management and Industrial Automation. The company delivers energy as a service through the Energy Management segment. The low voltage segment ensures the provision of all end-users needed power equipment to address the demand for protection functions, power monitoring, and others. The power security business segment offers critical power products for data centers and other industrial applications where continuous power is a must. The industrial automation segment provides products and solutions for automation and control of machines, manufacturing plants, and construction sites. Schneider Electric has integrated all its products and services with the IoT-enabled system architecture and platform EcoStructure.
The company offers energy as a service through programs for energy management. These programs help the clients for the following solutions, namely, peak shaving or demand response, load shifting, distributed energy resources, energy storage, and microgrids. As an energy as a service provider, company provides microgrid solutions as to make electricity grid independent for its customers. Moreover, Schneider Electric also provides various services that include , energy and sustainability service, facility services, energy as a service, field and automation services, and training.
The company has a worldwide presence in over 100 countries, with a broad supply chain that integrates 200 factories with 90 distribution centers.
Ameresco is a leading clean technology integrator with a comprehensive portfolio of energy efficiency and renewable energy supply solutions. The companys solutions include everything from improvements to the energy infrastructure of buildings to the creation, building, and operation of renewable energy facilities paired with specialized finance options. Ameresco operates in US Regions, US Federal, Non-Solar DG, Canada and All Other. Its budget neutral solutions including energy savings performance contracts (ESPCs), power purchase agreements (PPAs) and off-balance sheet Energy as a Service (EaaS) contracts. Ameresco core services include the development, design, arrangement of financing, construction, and installation of solutions that deliver measurable cost and energy savings while enhancing the operations, energy security, infrastructure, and resiliency of a facility. Ameresco has successfully completed energy saving, environmentally responsible projects with K-12 school districts, college campuses, healthcare institutions, airports, housing authorities, Federal, state and local governments, and commercial and industrial customers.
Over the past three years, company has acquired businesses and energy assets under construction in Washington DC, Hawaii, Massachusetts, New York, Illinois, Connecticut, Ohio and Florida. Ameresco has over 65 regional offices located throughout the US, Canada, the UK and Europe and more than 1,200 dedicated energy and business professionals.
Energy as a Service Market by Type (Energy Supply Services, Operational and Maintenance Services, and Energy Efficiency and Optimization Services) End-User (Commercial and Industrial) and Region - Global Forecast to 2027
Mr. Aashish Mehra
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