Electric Service Companies Market by Customer Type: Global Opportunity Analysis and Industry Forecast, 2021-2030

The global electric service companies market was valued at $25.2 billion in 2020, and is projected to reach $49.6 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

Electric service companies (ESCOs) are entities that deal in operations, maintenance, and delivery of necessary services. The energy demand has increased sharply in the last few decades, owing to exploiting population and increased demand from industrial & manufacturing sectors. The declining overall GDP of the world has certainly impacted the industry growth in 2020. This was attributed to worldwide shut down in operational and manufacturing activities, which led to decline in the demand for electricity.

The ESCOs approach saves energy by linking it to the organization’s performance. An ESCO can be formed to support a regeneration area, a large residential development, a single commercial initiative such as an office or manufacturing plant, or a hospital or multi-unit development of commercial offices or retail outlets. However, high initial costs can restraint the provision of decentralized energy, thus limiting the market growth.

The ESCOs market is segmented based on customer type and region. Depending on customer type, the market is divided into residential, commercial, and industrial. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Saudi Arabia, Brazil, South Africa, and the rest of LAMEA).

The major key players operating in the electric service companies market are Schneider Electric, General Electric, Siemens, Honeywell, Johnson Controls, Orsted, Eaton Corporation, Alpiq, Enel X, and Veolia.

KEY BENEFITS FOR STAKEHOLDERS

The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the electric service companies market from 2021 to 2020 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
The electric service companies market forecast and estimations are based on factors impacting the market growth in terms of value.
Profiles of leading players operating in the market are provided to understand the global competitive scenario.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable electric service companies market share.
The electric service companies market size is provided in terms of revenue.
The report provides an in-depth analysis of the forecast along with the current and future electric service companies market trends.

KEY MARKET SEGMENTS

By Customer Type

Residential
Commercial
Industrial

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

KEY PLAYERS

Schneider Electric
General Electric
Siemens
Honeywell
Johnson Controls
Orsted
Eaton Corporation
Alpiq
Enel X
Veolia

Frequently Asked Questions about the Global Electric Service Companies Market

What is the estimated value of the Global Electric Service Companies Market?

The Global Electric Service Companies Market was estimated to be valued at $25.2 billion in 2020.

What is the growth rate of the Global Electric Service Companies Market?

The growth rate of the Global Electric Service Companies Market is 7.0%, with an estimated value of $49.6 billion by 2030.

What is the forecasted size of the Global Electric Service Companies Market?

The Global Electric Service Companies Market is estimated to be worth $49.6 billion by 2030.

Who are the key companies in the Global Electric Service Companies Market?

Key companies in the Global Electric Service Companies Market include Schneider Electric, General Electric, Siemens, Honeywell, Johnson Controls, Orsted, Eaton Corporation, Alpiq, Enel X and Veolia..

Report Attribute	Details
No. of Pages	150
Published	August 2021
Forecast Period	2020 - 2030
Estimated Market Value ( USD ) in 2020	$ 25.2 billion
Forecasted Market Value ( USD ) by 2030	$ 49.6 billion
Compound Annual Growth Rate	7.0%
Regions Covered	Global
No. of Companies Mentioned	10

CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET LANDSCAPE3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Porter's five forces analysis
3.3. Patent Analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growing awareness and knowledge regarding ESCO benefits
3.4.1.2. Legislative framework benefitting the market
3.4.2. Restraint
3.4.2.1. Mis-information and lacking trusts
3.4.3. Opportunity
3.4.3.1. Increase in technical skill and enhanced workforce
3.5. Impact of COVID 19 on electric service companies market

CHAPTER 4: ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE4.1. Overview
4.1.1. Market size and forecast
4.2. Residential
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis, by country
4.3. Commercial
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis, by country
4.4. Industrial
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis, by country

CHAPTER 5: ELECTRIC SERVICE COMPANIES MARKET, BY REGION5.1. Overview
5.1.1. Market size and forecast
5.2. North America
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by Customer Type
5.2.3. Market share analysis, by country
5.2.4. U.S.
5.2.4.1. Market size and forecast, by Customer Type
5.2.5. Canada
5.2.5.1. Market size and forecast, by Customer Type
5.2.6. Mexico
5.2.6.1. Market size and forecast, by Customer Type
5.3. Europe
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by Customer Type
5.3.3. Market share analysis, by country
5.3.4. Germany
5.3.4.1. Market size and forecast, by Customer Type
5.3.5. UK
5.3.5.1. Market size and forecast, by Customer Type
5.3.6. France
5.3.6.1. Market size and forecast, by Customer Type
5.3.7. Italy
5.3.7.1. Market size and forecast, by Customer Type
5.3.8. Spain
5.3.8.1. Market size and forecast, by Customer Type
5.3.9. Rest of Europe
5.3.9.1. Market size and forecast, by Customer Type
5.4. Asia-Pacific
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by customer type
5.4.4. Market share analysis, by country
5.4.5. China
5.4.5.1. Market size and forecast, by Customer Type
5.4.6. Japan
5.4.6.1. Market size and forecast, by Customer Type
5.4.7. India
5.4.7.1. Market size and forecast, by Customer Type
5.4.8. South Korea
5.4.8.1. Market size and forecast, by Customer Type
5.4.9. Australia
5.4.9.1. Market size and forecast, by Customer Type
5.4.10. Rest of Asia-Pacific
5.4.10.1. Market size and forecast, by Customer Type
5.5. LAMEA
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by customer type
5.5.3. Market share analysis, by country
5.5.4. Brazil
5.5.4.1. Market size and forecast, by Customer Type
5.5.5. Saudi Arabia
5.5.5.1. Market size and forecast, by Customer Type
5.5.6. South Africa
5.5.6.1. Market size and forecast, by Customer Type
5.5.7. Rest of LAMEA
5.5.7.1. Market size and forecast, by Customer Type

CHAPTER 6: COMPANY PROFILES: 6.1. EATON CORPORATION PLC.
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Business performance
6.2. GE
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating Segments
6.2.4. Business performance
6.3. ORSTED A/S
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Business performance
6.4. SIEMENS AG
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Business performance
6.5. Johnson Controls, Inc.
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Business performance
6.6. Honeywell International Inc.
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Business performance
6.7. Schnieder Electric
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Business performance
6.8. Alpiq Holding Ltd.
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Business performance
6.9. Enel X S. r. l.
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Business performance
6.10. Veolia Environment S. A.
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Business performance

List of Tables

TABLE 01. GLOBAL ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 02. ELECTRIC SERVICE COMPANIES MARKET FOR RESIDENTIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 03. ELECTRIC SERVICE COMPANIES MARKET FOR COMMERCIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 04. ELECTRIC SERVICE COMPANIES MARKET FOR INDUSTRIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 05. ELECTRIC SERVICE COMPANIES MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 06. NORTH AMERICA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 07. NORTH AMERICA ELECTRIC SERVICE COMPANIES MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 08. U.S. ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 09. CANADA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 10. MEXICO ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 11. EUROPE ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 12. EUROPE ELECTRIC SERVICE COMPANIES MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 13. GERMANY ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 14. UK ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 15. FRANCE ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 16. ITALY ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 17. SPAIN ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 18. REST OF EUROPE ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 19. ASIA-PACIFIC ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 20. ASIA-PACIFIC ELECTRIC SERVICE COMPANIES MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 21. CHINA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 22. JAPAN ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 23. INDIA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 24. SOUTH KOREA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 25. AUSTRALIA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 26. REST OF ASIA-PACIFIC ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 27. LAMEA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 28. LAMEA ELECTRIC SERVICE COMPANIES MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 29. BRAZIL ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 30. SAUDI ARABIA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 31. SOUTH AFRICA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 32. REST OF LAMEA ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2020-2030 ($MILLION)
TABLE 33. EATON: COMPANY SNAPSHOT
TABLE 34. EATON: OPERATING SEGMENTS
TABLE 35. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 36. GE: COMPANY SNAPSHOT
TABLE 37. GE RENEWABLE ENERGY: OPERATING SEGMENTS
TABLE 38. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 39. ORSTED A/S: COMPANY SNAPSHOT
TABLE 40. ORSTED: A/S OPERATING SEGMENTS
TABLE 41. OVERALL FINANCIAL STATUS (MILLION)
TABLE 42. SIEMENS AG: COMPANY SNAPSHOT
TABLE 43. OVERALL FINANCIAL STATUS (MILLION)
TABLE 44. JOHNSON CONTROLS, INC: COMPANY SNAPSHOT
TABLE 45. JOHNSON CONTROLS, INC: OPERATING SEGMENTS
TABLE 46. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 47. HONEYWELL: COMPANY SNAPSHOT
TABLE 48. HONEYWELL: OPERATING SEGMENTS
TABLE 49. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 50. SCHNIEDER: COMPANY SNAPSHOT
TABLE 51. SCHNIEDER: OPERATING SEGMENTS
TABLE 52. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 53. ALPIQ: COMPANY SNAPSHOT
TABLE 54. ALPIQ: OPERATING SEGMENTS
TABLE 55. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 56. ENEL: COMPANY SNAPSHOT
TABLE 57. ALPIQ: OPERATING SEGMENTS
TABLE 58. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 59. VEOLIA: COMPANY SNAPSHOT
TABLE 60. VEOLIA: OPERATING SEGMENTS
TABLE 61. OVERALL FINANCIAL STATUS ($MILLION)

List of Figures

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03. EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. HIGH THREAT OF NEW ENTRANTS
FIGURE 07. HIGH THREAT OF SUBSTITUTES
FIGURE 08. HIGH INTENSITY OF RIVALRY
FIGURE 09. LOW BARGAINING POWER OF BUYERS
FIGURE 10. PATENT ANALYSIS FOR ELECTRIC SERVICE COMPANIES, BY REGION
FIGURE 11. PATENT ANALYSIS FOR ELECTRIC SERVICE COMPANIES, BY YEAR
FIGURE 12. ELECTRIC SERVICE COMPANIES MARKET DYNAMICS
FIGURE 13. GLOBAL ELECTRIC SERVICE COMPANIES MARKET, BY CUSTOMER TYPE, 2021-2030 ($MILILION)
FIGURE 14. COMPARATIVE ANALYSIS OF ELECTRIC SERVICE COMCOMMERCIALNIES MARKET FOR RESIDENTIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 15. COMCOMMERCIALRATIVE ANALYSIS OF ELECTRIC SERVICE COMCOMMERCIALNIES MARKET FOR COMMERCIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 16. COMCOMMERCIALRATIVE ANALYSIS OF ELECTRIC SERVICE COMCOMMERCIALNIES MARKET FOR INDUSTRIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 17. U.S. ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 18. CANADA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 19. MEXICO ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 20. GERMANY ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 21. UK ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 22. FRANCE ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 23. ITALY ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 24. SPAIN ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 25. REST OF EUROPE ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 26. CHINA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 27. JAPAN ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 28. INDIA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 29. SOUTH KOREA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 30. AUSTRALIA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 31. REST OF ASIA-PACIFIC ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 32. BRAZIL ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 33. SAUDI ARABIA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 34. SOUTH AFRICA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 35. REST OF LAMEA ELECTRIC SERVICE COMPANIES MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 36. EATON: REVENUE, 2018-2020 ($MILLION)
FIGURE 37. EATON: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 38. EATON: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 39. GE RENEWABLE ENERGY: NET SALES, 2018-2020 (MILLION)
FIGURE 40. GE RENEWABLE ENERGY: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 41. GE RENEWABLE ENERGY: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 42. ORSTED A/S: NET SALES, 2018-2020 (MILLION)
FIGURE 43. ORSTED A/S: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 44. ORSTED A/S: REVENUE SHARE, BY GEOGRAPHY, 2020 (%)
FIGURE 45. SIEMENS AG: NET SALES, 2018-2020 (MILLION)
FIGURE 46. SIEMENS AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 47. SIEMENS AG: REVENUE SHARE, BY REGION, 2020(%)
FIGURE 48. JOHNSON CONTROLS: NET SALES, 2018-2020 ($MILLION)
FIGURE 49. JOHNSON CONTROLS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 50. JOHNSON CONTROLS: REVENUE SHARE, BY REGION, 2020(%)
FIGURE 51. HONEYWELL: REVENUE, 2018-2020 ($MILLION)
FIGURE 52. HONEYWELL: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 53. HONEYWELL: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 54. SCHNIEDER: REVENUE, 2018-2020 ($MILLION)
FIGURE 55. SCHNIEDER: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 56. SCHNIEDER: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 57. ALPIQ: REVENUE, 2018-2020 ($MILLION)
FIGURE 58. ENEL: REVENUE, 2018-2020 ($MILLION)
FIGURE 59. VEOLIA: REVENUE, 2018-2020 ($MILLION)

Companies Mentioned

Schneider Electric
General Electric
Siemens
Honeywell
Johnson Controls
Orsted
Eaton Corporation
Alpiq
Enel X
Veolia.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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