Energy as a Service Market

Increasing government spending for power utilities along with growing energy demand will boost the market.

The global energy as a service market is expanding rapidly and is expected to grow at an 11.9% CAGR from 2019 to 2027, starting at US$ 42.35 billion in 2018.A key factor driving the growth of the global energy as a service market is a growing demand for reducing building energy costs. Electricity consumption in commercial, industrial, and residential buildings accounts for over 60% of the total energy consumed across the world. Owing to the constantly increasing demand for energy in buildings, the owners, especially in the commercial and industrial sectors, are focusing on ways to decrease the cost of electricity. This has encouraged the adoption of EaaS solutions, which decrease the consumption of energy considerably.

The rise in the consumption of renewable energy is identified as one of the key emerging trends in the global energy as a service market. The ongoing depletion of conventional fossil fuel sources, growing environmental concerns, and the rising economic burden of importing fuel commodities are driving the rise in renewable energy consumption. Countries are concentrating on the diversification of energy sources rather than relying on a single or few energy sources, along with the escalating need to ensure total energy security. This provides an opportunity for the growth of the global EaaS market. However, globally, the solar energy industry is the fastest-growing source of new capacity additions. Solar panels have become extremely efficient in energy conversion owing to the advancements in solar cell technology and silicon manufacturing.

Market Synopsis

Service Analysis

Rising revenue generation streams for utilities will drive the demand for energy as a service globally.

The energy supply services segment is expected to hold the largest market share by 2024. Consumers are looking for resilient energy supplies to ensure they can operate without the grid as prices rise. Also, with the growing focus on various energy supply sources such as renewable, fossil fuels, nuclear, biomass, and biofuels, the energy as a service model mainly supports renewable energy as it lowers energy costs, reduces carbon footprints, ensures high energy efficiency, and is environmentally friendly. It provides consumers with options for ownership, pricing, and financing. It also helps the operators customize energy generation designs based on consumer requirements, which are modern and robust. It enables easy and rapid integration of distributed generation and energy storage assets.

Regional Analysis

Dominance is led by rising power projects coupled with intensifying energy investment toward renewable energy to drive market growth.

The market in North America is estimated to be the largest in the coming years. Utilities in countries such as the US, Canada, and Mexico are implementing energy efficiency projects and looking to cut down on 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 instance, in 2018, California energy efficiency policies mandated that at least 60% of the savings achieved through obligation schemes needed 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.

List of Companies Covered:

• Engie
• Schneider Electric
• Siemens
• Johnson Controls
• General Electric
• EDF Renewable Energy
• Edison
• Alpiq
• Enel X
• Bernhard Energy Solutions
• Entegrity
• Smartwatt
• Enertika
• Moresco
• Veolia
• Honeywell
• Centrica
• Wendel Energy Services

Key Industry Development:

• In June 2019, MAN Energy Solutions signed a global service agreement with the Wallem Group. The contract involves the supply of generators, turbochargers, spares, and services, as well as foreign vessels that are currently managed by Wallem.
• In August 2019, Trimark Associates Inc., a leading provider of SCADA, metering, and energy storage technology solutions bagged a contract with the Clearway Energy Group for multisite monitoring and maintenance.

Periods of History and Forecast

This study report includes an analysis of each segment from 2017 to 2027, with 2018 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2019 to 2027.

Market Segmentation

The current report also encompasses qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better understanding of the overall energy market as a service market. Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.

Key questions are answered in this report.

• What are the current market trends and dynamics in the energy as a service market, and what are the valuable opportunities for emerging players?
• Which segment accounts for the fastest CAGR during the forecast period?
• Which type of segment holds a larger market share and why?
• Are low- and middle-income economies investing in the energy sector as a service market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Energy as a Service (ES) Market
2.2. Global ES Market, by Service Type, 2018 (US$ Bn)
2.3. Global ES Market, by End-user, 2018 (US$ Bn)
2.4. Global ES Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global ES Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Energy as a Service Market, by Service Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Energy Supply Services
4.3. Operational and Maintenance Services
4.4. Energy-Efficiency and Optimization Services

5. Global Energy as a Service Market, by End-user, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Commercial
5.3. Industrial

6. North America Energy as a Service Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America ES Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America ES Market Value, By Service Type, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America ES Market Value, By End-user, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America ES Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Energy as a Service Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe ES Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe ES Market Value, By Service Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe ES Market Value, By End-user, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe ES Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Energy as a Service Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific ES Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific ES Market Value, By Service Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific ES Market Value, By End-user, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific ES Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Energy as a Service Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World ES Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World ES Market Value, By Service Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World ES Market Value, By End-user, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World ES Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. Engie
10.2. Schneider Electric
10.3. Siemens
10.4. Johnson Controls
10.5. General Electric
10.6. EDF Renewable Energy
10.7. Edison
10.8. Alpiq
10.9. Enel X
10.10. Bernhard Energy Solutions
10.11. Entegrity
10.12. Smartwatt
10.13. Enertika
10.14. Noresco
10.15. Veolia
10.16. Honeywell
10.17. Centrica
10.18. Wendel Energy Services

List of Figures

FIG. 1 Global Energy as a Service Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global ES Market Segmentation
FIG. 4 Global ES Market, by Service Type, 2018 (US$ Bn)
FIG. 5 Global ES Market, by End-user, 2018 (US$ Bn)
FIG. 6 Global ES Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key ES Market Players, 2018
FIG. 9 Global ES Market Value Contribution, By Service Type, 2018 & 2027 (Value %)
FIG. 10 Global ES Market, by Energy Supply Services, Value, 2017–2027 (US$ Bn)
FIG. 11 Global ES Market, by Operational and Maintenance Services, Value, 2017–2027 (US$ Bn)
FIG. 12 Global ES Market, by Energy-Efficiency and Optimization Services, Value, 2017–2027 (US$ Bn)
FIG. 13 Global ES Market Value Contribution, By End-user, 2018 & 2027 (Value %)
FIG. 14 Global ES Market, by Commercial, Value, 2017–2027 (US$ Bn)
FIG. 15 Global ES Market, by Industrial, Value, 2017–2027 (US$ Bn)
FIG. 16 U.S. ES Market, 2017–2027 (US$ Bn)
FIG. 17 Canada ES Market, 2017–2027 (US$ Bn)
FIG. 18 U.K. ES Market, 2017–2027 (US$ Bn)
FIG. 19 Germany ES Market, 2017–2027 (US$ Bn)
FIG. 20 France ES Market, 2017–2027 (US$ Bn)
FIG. 21 Italy ES Market, 2017–2027 (US$ Bn)
FIG. 22 Rest of Europe ES Market, 2017–2027 (US$ Bn)
FIG. 23 Japan ES Market, 2017–2027 (US$ Bn)
FIG. 24 China ES Market, 2017–2027 (US$ Bn)
FIG. 25 India ES Market, 2017–2027 (US$ Bn)
FIG. 26 Rest of Asia Pacific ES Market, 2017–2027 (US$ Bn)
FIG. 27 Middle East & Africa ES Market, 2017–2027 (US$ Bn)
FIG. 28 Latin America ES Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Energy as a Service Market
TABLE 2 Global ES Market, by Service Type, 2017–2027 (US$ Bn)
TABLE 3 Global ES Market, by End-user, 2018 (US$ Bn)
TABLE 4 Global ES Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America ES Market, by Service Type, 2017–2027 (US$ Bn)
TABLE 6 North America ES Market, by End-user, 2017–2027 (US$ Bn)
TABLE 7 North America ES Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe ES Market, by Service Type, 2017–2027 (US$ Bn)
TABLE 9 Europe ES Market, by End-user, 2017–2027 (US$ Bn)
TABLE 10 Europe ES Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific ES Market, by Service Type, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific ES Market, by End-user, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific ES Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 RoW ES Market, by Service Type, 2017–2027 (US$ Bn)
TABLE 15 RoW ES Market, by End-user, 2017–2027 (US$ Bn)
TABLE 16 RoW ES Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 Engie: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 18 Schneider Electric: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 19 Siemens: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 20 Johnson Controls: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 21 General Electric: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 22 EDF Renewable Energy: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 23 Edison: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 24 Alpiq: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 25 Enel X: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 26 Bernhard Energy Solutions: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 27 Entegrity: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 28 Smartwatt: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 29 Enertika: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 30 Noresco: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 31 Veolia: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 32 Honeywell: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 33 Centrica: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 34 Wendel Energy Services: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments