Energy as a service (EaaS) is a business model under which consumers pay for an energy service without having to form any direct capital investment. The EaaS model is highly cost-effective as it addresses the energy efficiency gap and eventually reduces energy consumption. The EaaS model has significantly changed the approach and strategies followed by companies to reduce energy spending.

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Energy as a service market is forecast to witness a remarkable growth over the forecast period. Increasing investment by leading energy service players in smart grid and smart metering systems in industrial, residential, and construction industries stands to be a major factor driving the energy as a service market. Growing demand for inexhaustible energy, price volatility, and the effective usage of energy services in developing nations will further propel the Energy as a service market size.

Energy as a service offers flexibility of choice related to price and ownership and helps operators to customize energy generation projects depending on different power needs of the customers, which will further augment the market growth. In addition, the increasing emphasis on renewable energy sources, owing to the reduced costs, minimum carbon footprints, energy-efficiency, and environment-friendly is forecast to bolster the market size. The shift from traditional energy model to EaaS by the leading players will offer enormous opportunities to the market. Intensified government initiatives such as the availability of state and federal tax benefits for energy efficiency projects and the rapid integration of distributed generation and energy storage assets will expand the market growth. However, as per the Energy as a service market analysis, the lack of awareness in emerging economies and high technological costs are forecast to impede the market growth.

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Based on the service, the energy supply services segment is expected to grow at a higher CAGR over the forecast period owing to rise in offerings of energy supply including distributed energy generation solutions such as diesel and natural gas gensets, solar PV, combined heat and power, microturbines, and fuel cells to improve energy supply. It provides the consumers with the flexibility of choice on ownership, pricing, and financing and provides the operators with a customized energy generation design option as per the consumer’s requirement.

Based on the end-user, the commercial segment is projected to grow at a higher CAGR during the forecast period owing to the rising emphasis on energy efficiency across the globe. In addition to this, the energy service implementations are being mandated across the globe in the commercial sector will further propel the demand for Global Energy as a service market over the coming years.

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Based on the region, North America is anticipated to lead the market during the forecast period owing to the increasing implementation of energy efficiency projects in the U.S. and Canada. New approaches such as pay-for-performance are being launched in the U.S. to enhance energy efficiency at a larger scale in the commercial sector. An increase in the share of renewable power generation and energy efficiency activities is further expected to drive the market in this region.

The major key players in the market include WGL Energy, Engie, Schneider Electric SE, Siemens AG, Johnson Controls International plc, General Electric, EDF Renewable Energy, Edison Energy, Enel X S.r., and Bernhard, LLC among others.

Key Developments:

• • In 2021– Engie Group entered into an agreement with Google to provide a carbon-free energy environment in Germany. The agreement will contribute to google 2030 carbon-free energy targets for its data center, cloud region, and offices worldwide.
  • In 2020 – Schneider Electric, partnered with Huck Capital, an investment firm, to offer clean energy as a service to commercial and industrial buildings.
  • In May 2019, Engie entered into contract with a Malaysian Manufacturing company, UAC Barhad to enhance the energy efficiency of the compressed air system at UAC.

The Global Energy as a Service market has been segmented based on the service type, end-user, and aregion. Based on service, the market is segmented into Energy Supply Services, Operational and Maintenance Services, and Energy Efficiency and Optimization Services. Based on end-user, the market is segmented into Commercial, and Industrial.

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Key questions answered in this research report:

• • At what pace is the global Energy as a Service market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Energy as a Service market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Energy as a Service market?
  • Which type of service generated maximum revenues in 2019 and identify the most promising type of services during the forecast period?
  • What are the various end-user areas of the global Energy as a Service market, and how are they poised to grow?
  • What companies are the major participants in the global Energy as a Service market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Service Type, By End-User, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	WGL Energy, Engie, Schneider Electric SE, Siemens AG, Johnson Controls International plc, General Electric, EDF Renewable Energy, Edison Energy, Enel X S.r., and Bernhard, LLC; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Energy as a Service Market by Service Type

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

Global Energy as a Service Market by End-User

• • Commercial
  • Industrial

Global Energy as a Service Market by Region

• North America Energy as a Service Market (Option 1: As a part of the free 25% customization)

• • By Service Type
  • By End-User
  • US Market All-Up
  • Canada Market All-Up

• Europe Energy as a Service Market (Option 2: As a part of the free 25% customization)

• • By Service Type
  • By End-User
  • United Kingdom (UK) Market All-Up
  • Germany Market All-Up
  • Spain Market All-Up
  • France Market All-Up
  • Rest of Europe Market All-Up

• Asia-Pacific Energy as a Service Market (Option 3: As a part of the free 25% customization)

• • By Service Type
  • By End-User
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • Rest of APAC Market All-Up

• ROW Energy as a Service Market (Option 4: As a part of the free 25% customization)

 

• • By Service Type
  • By End-User
  • Brazil Market All-Up
  • South Africa Market All-Up
  • Saudi Arabia Market All-Up
  • Argentina Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Energy as a Service Market Leading Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • WGL Energy
  • Engie
  • Schneider Electric SE
  • Siemens AG
  • Johnson Controls International plc
  • General Electric
  • EDF Renewable Energy
  • Edison Energy
  • Enel X S.r.
  • Bernhard, LLC