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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

  • ID: 4774348
  • Report
  • Region: Global
  • 162 Pages
  • Markets and Markets
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The Global Energy as a Service Market is Projected to Grow at a CAGR of 10.8% From 2019 to 2024.

FEATURED COMPANIES

  • Alpiq
  • EDF Renewable Energy
  • Enertika
  • General Electric
  • Noresco
  • Siemens
  • MORE

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. This growth can be attributed to factors such as new revenue-generating streams for utilities, increased distributed energy resources, decreasing the cost of renewable power generation and storage solutions, and availability of federal and state tax benefits for energy efficiency projects. However, integration and deployment challenges and dominance of the existing centralized utility models are hindering the growth of the energy as a service market.

The energy supply services segment is expected to be the fastest-growing market from 2019 to 2024.

The energy supply services segment, by service type, is estimated to be the largest and the fastest-growing segment during the forecast period. Due to the increase in pressure on consumers to meet sustainability and regulatory goals, increase in complexity to procure electricity, and complex tariff structures, the consumers are now in need of customized energy generation designs based on their requirements with modern and robust technology. The energy supply services segment of energy as a service aids in offering onsite energy supply includes common distributed energy generation solutions such as solar PV, combined heat and power, diesel and natural gas gensets, microturbines, and fuel cells to improve energy supply. It gives the medium and large business consumers modern options on how they can sustain operations regardless of grid operations.

The commercial segment, by end-user type, is expected to be the largest market from 2019 to 2024.

The commercial segment is expected to hold the largest market share and the fastest-growing segment during the forecast period because commercial buildings include a variety of building types-offices, hospitals, schools, federal buildings, warehouses, hotels, and shopping malls. The commercial sector, mainly the buildings, is responsible for about 30% of the global energy use. This growth was driven mainly by factors such as an increase in floor area, occupancy, and access to services along with an increase in activity, including changes in population and climate. Different commercial building activities have unique energy needs and energy as a service helps the commercial owners limited capital and technical expertise to implement energy efficiency projects. Of all the commercial building types, mercantile and service buildings use the most total energy.

North America: The largest market for energy as a service.

The North American region is expected to be the largest market for energy as a service by 2024. The consumers in the region are looking to procure cleaner, reliable, and cheaper energy. Companies increasingly want to pay a fixed subscription fee for a range of products, from efficiency upgrades to their entire energy package. Private utility models have emerged because of the growing power sector trend for energy as a service. For instance, under a long-term energy services agreement, utilities allow customers to essentially design their own resource mix while also being assured there will be no disruptions.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 62%, Tier 2 - 22%, and Tier 3 - 16%
  • By Designation: C-Level - 40%, Director Level - 30%, and Others - 30%
  • By Region: North America - 46%, Europe - 24%, Asia Pacific - 19%, and Rest of the World - 11%

Note: Others include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2018. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: <USD 500 million

The global energy as a service market is dominated by a few major players that have a wide regional presence. The leading players in the 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).

Research Coverage:

The report defines, describes, and forecasts global energy as a service market by service type, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value and future trends in the energy as a service market.

Why Buy this Report?

  • The report identifies and addresses key markets for energy as a service, which would help various stakeholders such as utilities, analytics companies, and energy service providers to review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alpiq
  • EDF Renewable Energy
  • Enertika
  • General Electric
  • Noresco
  • Siemens
  • MORE

1 Introduction
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
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

4 Premium Insights
4.1 Global Energy as a Service Market, 2019–2024
4.2 Energy as a Service Market, By Service Type
4.3 Energy as a Service Market, End-User
4.4 North American Energy as a Service Market

5 Market Overview
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 a Service Market, Key Highlights
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 a Service Market, By Service Type
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 a Service Market, By End-User
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 a Service Market, By Region
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 a Service 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 a Service 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 a Service 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
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
Overview, Services Offered, Recent Developments, and Author's 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 Author's View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: 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 a Service in the Commercial and Industrial Sector is the Determining Factor for the Global Energy as a Service Market
Table 2 Energy as a Service 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 a Service Market Size, By Key Countries, 2017–2024 (USD Million)
Table 6 Energy as a Service Market Size, By Key Growth Countries, 2017–2024 (USD Million)
Table 7 Energy as a Service Market Size, Commercial End-User By Key Growth Countries, 2017–2024 (USD Million)
Table 8 Energy as a Service Market Size, Commercial End-User By Key Growth Countries, 2017–2024 (USD Million)
Table 9 Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 10 Energy Supply Services: Energy as a Service Market Size, By Region, 2017–2024 (USD Million)
Table 11 Energy Supply Services: Energy as a Service Market Size, By Top Countries, 2017–2024 (USD Million)
Table 12 Operational and Maintenance Services: Energy as a Service Market Size, By Region, 2017–2024 (USD Million)
Table 13 Operational and Maintenance Services: Energy as a Service Market Size, By Top Countries, 2017–2024 (USD Million)
Table 14 Efficiency and Optimization Services: Energy as a Service Market Size, By Region, 2017–2024 (USD Million)
Table 15 Efficiency and Optimization Services: Energy as a Service Market Size, By Top Countries, 2017–2024 (USD Million)
Table 16 Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 17 Total Energy Consumption in the Us (2012–2018)
Table 18 Commercial: Energy as a Service Market Size, By Region, 2017–2024 (USD Million)
Table 19 Commercial: Energy as a Service Market Size, By Top Countries, 2017–2024 (USD Million)
Table 20 Industrial: Energy as a Service Market Size, By Region,2017–2024 (USD Million)
Table 21 Industrial: Energy as a Service Market Size, By Top Countries, 2017–2024 (USD Million)
Table 22 Energy as a Service Market Size, By Region, 2017–2024 (USD Million)
Table 23 North America: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 24 North America: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 25 North America: Energy as a Service Market Size, By Country, 2017–2024 (USD Million)
Table 26 US: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 27 US: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 28 Canada: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 29 Canada: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 30 Mexico: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 31 Mexico: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 32 Asia Pacific: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 33 Asia Pacific: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 34 Asia Pacific: Energy as a Service Market Size, By Country,2017–2024 (USD Million)
Table 35 China: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 36 China: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 37 Japan: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 38 Japan: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 39 Australia: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 40 Australia: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 41 Rest of Asia Pacific: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 42 Rest of Asia Pacific: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 43 Europe: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 44 Europe: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 45 Europe: Energy as a Service Market Size, By Country, 2017–2024 (USD Million)
Table 46 UK: Energy as a Service Market Size, By Service Type,2017–2024 (USD Million)
Table 47 UK: Energy as a Service Market Size, By End-User,2017–2024 (USD Million)
Table 48 Germany: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 49 Germany: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 50 France: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 51 France: Energy as a Service Market Size, By End-User,2017–2024 (USD Million)
Table 52 Italy: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 53 Italy: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 54 Spain: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 55 Spain: Energy as a Service Market Size, By End-User,2017–2024 (USD Million)
Table 56 Rest of Europe: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 57 Rest of Europe: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 58 Rest of the World: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 59 Rest of the World: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 60 Rest of the World: Energy as a Service Market Size, By Country, 2017–2024 (USD Million)
Table 61 Saudi Arabia: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 62 Saudi Arabia: Energy as a Service Market Size, By End-User,2017–2024 (USD Million)
Table 63 South Africa: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 64 South Africa: Energy as a Service Market Size, By End-User, 2017–2024 (USD Million)
Table 65 Brazil: Energy as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 66 Brazil: Energy as a Service 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 a Service 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 a Service Market During the Forecast Period
Figure 4 North America is Expected to Dominate the Energy as a Service Market During the Forecast Period
Figure 5 Increasing Distributed Energy Resources is Expected to Drive the Energy as a Service Market During the Forecast Period
Figure 6 Energy Supply Services Segment Led the Energy as a Service Market in 2018
Figure 7 Commercial Segment Dominated the Energy as a Service Market in 2018
Figure 8 US Was the Largest Energy as a Service 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 a Service 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 a Service Market Share (Value), By Region, 2018
Figure 17 North America: Regional Snapshot
Figure 18 Europe Snapshot
Figure 19 Key Developments in the Energy as a Service Market During 2016–2019
Figure 20 Energy as a Service 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

Note: Product cover images may vary from those shown
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  • Alpiq
  • Bernhard Energy Solutions
  • Centrica
  • EDF Renewable Energy
  • Edison
  • Enel X
  • Enertika
  • Engie
  • Entegrity
  • General Electric
  • Honeywell
  • Johnson Controls
  • Noresco
  • Orsted
  • Schneider Electric
  • Siemens
  • Smartwatt
  • Veolia
  • Wendel Energy Services
  • WGL Energy
Note: Product cover images may vary from those shown
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