This report describes and explains the energy as a service market and covers 2017-2022, termed the historic period, and 2022-2027, 2032F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global energy as a service market reached a value of nearly $58,006.0 million in 2022, having increased at a compound annual growth rate (CAGR) of 7.6% since 2017. The market is expected to grow from $58,006.0 million in 2022 to $103,048.4 million in 2027 at a rate of 12.2%. The market is then expected to grow at a CAGR of 12.4% from 2027 and reach $185,276.2 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, rapid urbanization and from the rise in digitalization. Factors that negatively affected growth in the historic period were the impact of COVID-19 and the high investment to install smart grids.
Going forward, rapid industrialization, the increasing government support, the increasing distributed energy resources and the increasing number of smart meters will drive the market. Factors that could hinder the growth of the energy as a service market in the future include the impact of the Russia-Ukraine war impact and the rising interest rates globally.
The energy as a service market is segmented by service into energy supply services, operation and maintenance and optimization and efficiency services. The energy supply services market was the largest segment of the energy as a service market by service, accounting for $23,647.3 million or 40.8 % of the total market in 2022. The optimization and efficiency services market is expected to be the fastest-growing segment going forward at a CAGR of 12.4%.
The energy as a service market is segmented by provider into utility service provider and third-party provider. The utility service provider market was the largest segment of the energy as a service market by provider, accounting for $48,648.0 million or 83.9% of the total market in 2022. The third-party providers market is expected to be the fastest-growing segment going forward at a CAGR of 14.6 %.
The energy as a service market is segmented by end-user into residential, commercial and industrial. The commercial market was the largest segment of the energy as a service market by end-user, accounting for $35,403.3 million or 61.0% of the total market in 2022. The commercial market is expected to be the fastest-growing segment going forward at a CAGR of 12.4%.
North America was the largest region in the energy as a service market, accounting for 43.1% of the global market in 2022. It was followed by Western Europe, Asia Pacific and the other regions. Going forward, the fastest growing regions in the energy as a service market will be Asia Pacific and North America, where growth will be at CAGRs of 15.5% and 11.7% respectively from 2022-2027.
The global energy as a service market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 17.53% of the total market in 2021. Schneider Electric SE was the largest competitor with 3.55% share of the market, followed by Veolia Environment S.A. with 3.24%, Engie SA with 2.78%, Enel S.p.A with 2.19%, Siemens AG with 1.80%, Honeywell International Inc. with 1.33%, EDF with 0.84%, Bernhard Energy Solutions with 0.65%, AltaGas Ltd with 0.63%, and Johnson Controls International PLC with 0.52%.
The top opportunities in the energy as a service market by service will arise in the energy supply services market, which will gain $18,755.9 million of global annual sales by 2027. The top opportunities in the energy as a service market by provider will arise in utility service provider market, which will gain $35,915.9 million of global annual sales by 2027. The top opportunities in the energy as a service market by end-user will arise in commercial market, which will gain $28,070.1 million of global annual sales by 2027. The energy as a service market size will gain the most in the USA at $14,800.8 million.
Market-trend-based strategies for the energy as a service market include focus on artificial intelligence, virtual power plants, focus on battery energy storage, use of cloud technology, focus on new subscription-based services, strategic partnerships and collaborations and increasing investments.
Player-adopted strategies in the energy as a service industry include enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the energy as a service companies to focus on artificial intelligence, focus on virtual power plants, focus on use of cloud technology, focus on fast-growing service types, expand in emerging markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, focus on urban population, and continue to focus on fast-growing end-users.
The global energy as a service market reached a value of nearly $58,006.0 million in 2022, having increased at a compound annual growth rate (CAGR) of 7.6% since 2017. The market is expected to grow from $58,006.0 million in 2022 to $103,048.4 million in 2027 at a rate of 12.2%. The market is then expected to grow at a CAGR of 12.4% from 2027 and reach $185,276.2 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, rapid urbanization and from the rise in digitalization. Factors that negatively affected growth in the historic period were the impact of COVID-19 and the high investment to install smart grids.
Going forward, rapid industrialization, the increasing government support, the increasing distributed energy resources and the increasing number of smart meters will drive the market. Factors that could hinder the growth of the energy as a service market in the future include the impact of the Russia-Ukraine war impact and the rising interest rates globally.
The energy as a service market is segmented by service into energy supply services, operation and maintenance and optimization and efficiency services. The energy supply services market was the largest segment of the energy as a service market by service, accounting for $23,647.3 million or 40.8 % of the total market in 2022. The optimization and efficiency services market is expected to be the fastest-growing segment going forward at a CAGR of 12.4%.
The energy as a service market is segmented by provider into utility service provider and third-party provider. The utility service provider market was the largest segment of the energy as a service market by provider, accounting for $48,648.0 million or 83.9% of the total market in 2022. The third-party providers market is expected to be the fastest-growing segment going forward at a CAGR of 14.6 %.
The energy as a service market is segmented by end-user into residential, commercial and industrial. The commercial market was the largest segment of the energy as a service market by end-user, accounting for $35,403.3 million or 61.0% of the total market in 2022. The commercial market is expected to be the fastest-growing segment going forward at a CAGR of 12.4%.
North America was the largest region in the energy as a service market, accounting for 43.1% of the global market in 2022. It was followed by Western Europe, Asia Pacific and the other regions. Going forward, the fastest growing regions in the energy as a service market will be Asia Pacific and North America, where growth will be at CAGRs of 15.5% and 11.7% respectively from 2022-2027.
The global energy as a service market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 17.53% of the total market in 2021. Schneider Electric SE was the largest competitor with 3.55% share of the market, followed by Veolia Environment S.A. with 3.24%, Engie SA with 2.78%, Enel S.p.A with 2.19%, Siemens AG with 1.80%, Honeywell International Inc. with 1.33%, EDF with 0.84%, Bernhard Energy Solutions with 0.65%, AltaGas Ltd with 0.63%, and Johnson Controls International PLC with 0.52%.
The top opportunities in the energy as a service market by service will arise in the energy supply services market, which will gain $18,755.9 million of global annual sales by 2027. The top opportunities in the energy as a service market by provider will arise in utility service provider market, which will gain $35,915.9 million of global annual sales by 2027. The top opportunities in the energy as a service market by end-user will arise in commercial market, which will gain $28,070.1 million of global annual sales by 2027. The energy as a service market size will gain the most in the USA at $14,800.8 million.
Market-trend-based strategies for the energy as a service market include focus on artificial intelligence, virtual power plants, focus on battery energy storage, use of cloud technology, focus on new subscription-based services, strategic partnerships and collaborations and increasing investments.
Player-adopted strategies in the energy as a service industry include enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the energy as a service companies to focus on artificial intelligence, focus on virtual power plants, focus on use of cloud technology, focus on fast-growing service types, expand in emerging markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, focus on urban population, and continue to focus on fast-growing end-users.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Energy As A Service Market Segmentation
10. Energy As A Service Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
Executive Summary
Energy As A Service Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global energy as a service market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 13 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for energy as a service? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The energy as a service market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider energy as a service market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions, and explanations about the energy as a service market.
- Key Trends - Highlights the major trends shaping the global energy as a service market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027,2032F) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis -
- Market Segmentation - Contains the market values (2017-2032) forecast (2022-2027,2032) and analysis for each segment by service, by provider, and by end-user in the market.
- Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022-2027,2032F) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - Includes recommendations for energy as a service providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Service: Energy Supply Services; Operation And Maintenance; Optimization And Efficiency Services2) By Provider: Utility Service Provider; Third Party Provider
3) By End User: Residential; Commercial; Industrial
Companies Mentioned: Schneider Electric SE; Veolia Environment S.A; Engie SA; Enel S.p.A; Siemens AG
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Mexico; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; energy as a service indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Schneider Electric SE
- Veolia Environment S.A.
- Engie SA
- Enel S.p.A
- Siemens AG
- Honeywell International Inc.
- EDF
- Bernhard Energy Solutions
- AltaGas Ltd
- Johnson Controls International PLC
- China Shenhua Energy Company
- Envision Energy
- Mingyang
- Gamesa
- Shanghai Electric
- CSSC
- Suzlon Energy Limited
- Adani Green Energy Limited
- G3 Holdings and NTPC Limited
- Centrica
- E. ON UK.
- EDF Energy
- Npower
- ScottishPower
- Scottish and Southern Energy (SSE)
- Gazprom
- Rosneft
- Surgutneftegas
- Novatek
- CEZ
- Contemporary Energy Solutions
- Duke Energy
- Edison International
- General Electric Company
- NextEra Energy
- Green Mountain Energy
- TPI Composites
- Renewable Energy Group, Inc
- Clearway Energy
- First Solar Inc
- PlanEt
- Tesla
- IOGEN Corporation
- Bio-EnPower Inc
- Ag-west Bio
- Nulife Green Tech
- Innergex/Alterra Power
- Bullfrog Power
- 3G Energy
- KEPCO Energy Service Company
- CFE
- Pemex
- Shell
- Baker hughes
- Tenaries
- Moka Power
- SOLARVIEW
- FLEXIMETAL BRASIL
- RVT Energia
- Wiseful
- GreenStudio Energy Efficiency
- DS-Engenharia-Solar
- Oika Tecnologia & Ino vação
- Yellow Door Energy
- Enova
- Alfanar Energy
- Solar Africa
- Rensource Distributed Energy Ltd
- powergen renewable energy
- Powerhive
- Daystar Power
- Juabar
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 310 |
| Published | October 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 58 Billion |
| Forecasted Market Value ( USD | $ 185.3 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
