Energy Solutions Market Report 2026

The energy solutions market size has grown strongly in recent years. It will grow from $793.72 billion in 2025 to $855.28 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rising global energy demand, government incentives for renewable energy, adoption of solar and wind technologies, growth in industrial energy consumption, investments in energy infrastructure.

The energy solutions market size is expected to see strong growth in the next few years. It will grow to $1.14 trillion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing deployment of smart energy management systems, expansion of hybrid and multi-source energy solutions, rising adoption of hydrogen and fuel cell technologies, growth in commercial and residential renewable installations, advancements in energy storage and optimization technologies. Major trends in the forecast period include integration of renewable energy solutions with iot and ai, deployment of energy optimization and management services, expansion of solar, wind, and hydropower systems, adoption of thermal and biomass energy solutions, implementation of hydrogen fuel and fuel cell technologies.

The growing demand for electricity is expected to drive the expansion of the energy solutions market in the coming years. Electricity is generated by the movement of electrons, which travel through conductors to power various electrical systems and devices. This demand is increasing due to rapid urbanization, the ongoing electrification of transport and industrial sectors, and expanding digitalization. Delivering electricity efficiently and sustainably depends on robust energy solutions that encompass generation, storage, and grid management. For example, according to the Eurasian Research Institute, a Kazakhstan-based research organization, electricity consumption in Iran is growing at an annual rate of 6.5% and is projected to reach 444 million megawatt-hours by 2030. Consequently, rising electricity demand is contributing to the growth of the energy solutions market.

Leading companies in the energy solutions sector are focusing on developing advanced technologies such as battery energy storage systems (BESS) to improve grid stability, enhance storage capacity, decrease dependence on fossil fuels, and offer more efficient and reliable energy solutions. A BESS is a system that stores electrical energy in batteries for later use, helping to maintain a balance between supply and demand on the power grid. It also enables better integration of renewable energy by storing excess generation during off-peak periods and releasing it when demand is high. For instance, in April 2024, MAPNA Group, an Iranian conglomerate engaged in thermal and renewable energy, oil and gas, and rail transportation, introduced its first domestically developed BESS in Iran. The system delivers 250 kilowatts of power and stores one megawatt-hour of energy, providing up to four hours of electricity. It includes four battery clusters, a power electronics converter, switchgear, and an integrated fire safety system. This deployment enhances grid reliability and flexibility, helps balance energy supply and demand throughout the day, improves the performance of power lines and plants, and reduces fuel usage in power generation.

In February 2024, Swell Energy Inc., a U.S.-based company specializing in energy management and smart grid technologies, acquired Renu Energy Solutions for an undisclosed amount. This acquisition is intended to accelerate the development of virtual power plants (VPPs) by combining Swell’s VPP technology platform and financing capabilities with Renu’s experience in solar energy and energy storage installations. Renu Energy Solutions is a U.S.-based provider of solar installation and energy storage services.

Major companies operating in the energy solutions market are JERA Co. Inc., First Solar Inc., Sunrun Inc., Bloom Energy Corporation, Ormat Technologies Inc., Albioma S.A., Neoen, Infinis, Grenergy Renovables, Orcan Energy AG, Solar Liberty Energy Systems, Inc., Moxion Power Co., DLO Energy Resources Group (Pty) Ltd, Next Energy Technologies Inc., Serengeti Energy Limited, Inlyte Energy Inc., PlanET Biogas USA Inc., Glint Solar AS, Nightpeak Energy LLC, Eden Energy.

North America was the largest region in the energy solutions market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy solutions market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the energy solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The energy solutions market consists of revenues earned by entities providing services such as energy management, energy audits, and grid modernization services. The market value includes the value of related goods sold by the service provider or included within the service offering. The energy solutions market also includes sales of hydropower systems, battery energy storage systems, and smart meters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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