North America Energy as a Service (EAAS) Market

The North America energy as a service market is forecasted to reach USD 37.94 billion by 2030 from an estimated USD 21.34 billion in 2024, at a CAGR of 10.1% during the forecast period. Energy as a Service (EaaS) is a process in which customers pay for energy services through a subscription or pay-per-use model, rather than installing large energy infrastructure. This provides businesses and consumers with access to energy solutions, such as renewable energy generation, energy efficiency upgrades, and energy management systems, without the burden of ownership and maintenance. The key trends defining the market are the increasing adoption of renewable energy sources, growing smart grid technologies, and the rise in reliance on data-driven decision-making for energy management. 

The key players following the strategies between 2020 and 2024 are Johnson Controls (Ireland), Veolia (France), Schneider Electric (France), Siemens (Germany), and Ameresco (US). The companies primarily follow investments, expansions, contracts, agreements, partnerships, funding, and acquisitions as their strategy to grow and expand the market

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

In May 2024, Schneider Electric collaborated with Capgemini to develop the Energy Command Center, an integrated platform that leverages AI and IoT to optimize energy consumption. This solution has already led to a 29% reduction in energy use across the Indian campuses of Capgemini, advancing decarbonization goals.

In May 2024, Ameresco executed a USD 33 million Energy Savings Performance Contract (ESPC) project at the US National Archives facilities with the main focus on energy efficiency enhancements, which included building automation, improvement of HVAC systems, installation of LED lights, and reductions in water and energy usage. The project is anticipated to result in annual savings of USD 2 million, a 72% reduction in fossil fuel consumption, and NARA's net-zero emissions, thus aiding in complying with the federal sustainability targets.

Schneider Electric is one of the leaders in the digital transformation of energy management and automation. It specializes in industrial automation, energy management, digital automation, sustainability, innovation, digitalization, artificial intelligence, engineering, cybersecurity, renewables, digital supply chain, manufacturing, electrification, building management systems, power systems and services, microgrids, industrial software design and optimization, solar and energy storage, and software-centric automation & solutions. The company has geographical presence in North America, Europe, Asia, the Middle East & Oceania, and Africa. It provides turnkey solutions with financing options that eliminate upfront CAPEX for customers, with strong capabilities in microgrids, data centers, industrial facilities, and critical infrastructure.

Ameresco is one of the leading players in the US, which serves as a clean technology integrator with a comprehensive portfolio of energy efficiency and renewable energy supply solutions. It specializes in energy as a service, energy efficiency, renewable energy, energy information management, energy infrastructure management, energy supply management, energy savings performance contracts (ESPC), central plants, distributed generation, solar, power purchase agreements (PPA), microgrids and storage, EV infrastructure, sustainability advisory, renewable natural gas, and asset sustainability. The core mission of the company is to help clients reduce energy costs, enhance resilience, and achieve sustainability and net-zero goals by upgrading energy systems, deploying clean generation, and modernizing facilities.

Market Ranking

The North American Energy-as-a-Service (EaaS) market is characterized by moderate levels of consolidation with a limited number of major players responsible for a large portion of the market's overall activity. Schneider Electric and Ameresco are the key market leaders whose actions significantly affect the adoption of EaaS solutions in large-scale commercial, industrial, and public sectors. Schneider Electric excels in its capability to provide energy management software, digital platforms, microgrids, and sustainability consulting, offering integrated EaaS solutions that target large enterprises, data centers, and educational institutions. Ameresco is proficient in performance contracting, renewable energy integration, energy efficiency upgrades, and long-term service agreements, with a solid footprint in the government, utilities, and defense sectors.

Related Reports:

North America Energy as a Service (EAAS) Market by Type (Energy Supply Services, Operational & Maintenance Services, Energy Efficiency & Optimization Services), End User (Industrial, Commercial) –Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com