“Energy-as-a-Service Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on energy-as-a-service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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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 ” from The Business Research Company 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 historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Service: Energy Supply Services; Maintenance And Operation; Energy Efficiency And Optimization
- 2) By Provider: Utility Service Provider; Third Party Provider
- 3) By End User: Industrial; Commercial
- Companies Mentioned: Enel X; Schneider Electric SE; Veolia Environnement S.A.; Honeywell International Inc.; EDF Renewables
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- 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,
- 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.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the energy-as-a-service market are: Enel X, Schneider Electric SE, Veolia Environnement S.A., Honeywell International Inc., EDF Renewables, Engie SA, Johnson Controls International, WGL Energy, General Electricnd, Siemens AG, Bernhard LLC, Centrica PLC, Alpiq Group, Entegrity Energy Partners LLC, Ørsted A/S, NORESCO LLC and Wendel Group.
The global energy-as-a-service market is expected to grow from $58.52 billion in 2022 to $65.20 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The energy-as-a-service market is expected to grow to $98.18 billion in 2027 at a CAGR of 10.8%.
The energy-as-a-service market consists of revenue earned by offering end-to-end management of a customer's energy assets and services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Energy-as-a-service (EaaS) is a business model whereby customers pay for an energy service without having to make any initial capital investment. EaaS models typically take the form of a subscription for electrical devices owned by a service company or management of energy usage to deliver the desired energy service.
North America was the largest region in the energy-as-a-service market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main services of energy-as-a-service are energy supply services, maintenance and operation, and energy efficiency and optimization. Energy supply services refer to the collection of energy conversion and transmission technology, as well as the supporting services, which guarantee a continuous supply of all energy and energy carriers in accordance with predetermined standards, at the lowest possible cost. Energy resources are primarily consumed by industrial businesses. The services are provided by utility service providers and third-party providers and used by industrial and commercial end users.
The rise in energy consumption across the globe is expected to boost the growth of the energy-as-a-service market going forward. Energy consumption refers to the energy used to perform an action. Energy is required for transportation, lighting, cooling, and heating in buildings, as well as for agriculture, manufacturing, and mining. For instance, in April 2022, according to International Energy Outlook, a report released by US Energy Information Administration (EIA), a US-based government agency responsible for collecting, analyzing, and disseminating energy information, the total U.S. energy consumption in 2021 increased by around 4.7% compared to 2020 to 97 quads. Every energy-using industry saw higher energy use in 2021, with the transportation industry seeing the biggest annual rise in energy use of approximately 10.2%. Therefore, the rise in energy consumption across the globe is driving the growth of the energy-as-a-service market.
Technological development is a key trend gaining popularity in the ginger ale market. Major companies operating in the energy-as-a-service market are focused on developing new technological solutions using artificial intelligence (AI) to strengthen their position in the market. For instance, in October 2021, Infosys Ltd., an India-based company that provides business consulting, information technology, and outsourcing services, and Bharat Petroleum, a globally integrated energy company partnered to develop and pilot an energy-as-a-service (EaaS) solution to aid companies in increasing the energy efficiency of their infrastructure and achieving their carbon reduction objectives. Infosys and bp intend to co-develop a digital platform that can gather data from various energy assets and use artificial intelligence to optimize the energy supply and demand for power, heat, cooling, and EV charging. The companies would test the digital platform at the Infosys Pune Development Centre which simulates a small city with multiple energy generation, storage, and consumption sites. If the pilot is a success, they plan to implement this strategy with some clients and on additional Infosys campuses in India to assist manage energy and lower emissions.
In May 2022, GE Digital, a US-based company that provides software and industrial internet of things services to industrial companies and a subsidiary of General Electric, acquired Opus One Solutions, for an undisclosed amount. This acquisition helps GE Digital by assisting utilities in making decisions about how to integrate renewables and Distributed Energy Resources (DERs) at a scale throughout the electric grid. Opus One Solutions is a Canada-based software company that assists electric utilities to optimize energy planning, operations, and market management.
The countries covered in the Energy-as-a-Service market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The energy-as-a-service market research report is one of a series of new reports from The Business Research Company that provides Energy-as-a-service market statistics, including Energy-as-a-service industry global market size, regional shares, competitors with an Energy-as-a-service market share, detailed Energy-as-a-service market segments, market trends and opportunities, and any further data you may need to thrive in the Energy-as-a-service industry. This Energy-as-a-service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Energy-as-a-Service Market Characteristics
3. Energy-as-a-Service Market Trends And Strategies
4. Energy-as-a-Service Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Energy-as-a-Service Market
- 4.2. Ukraine-Russia War Impact On Energy-as-a-Service Market
- 4.3. Impact Of High Inflation On Energy-as-a-Service Market
5. Energy-as-a-Service Market Size And Growth
- 5.1. Global Energy-as-a-Service Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Energy-as-a-Service Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Energy-as-a-Service Market Segmentation
- 6.1. Global Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Energy Supply Services
- Maintenance And Operation
- Energy Efficiency And Optimization
- 6.2. Global Energy-as-a-Service Market, Segmentation By Provider, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Utility Service Provider
- Third Party Provider
- 6.3. Global Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Industrial
- Commercial
7. Energy-as-a-Service Market Regional And Country Analysis
- 7.1. Global Energy-as-a-Service Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Energy-as-a-Service Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Energy-as-a-Service Market
- 8.1. Asia-Pacific Energy-as-a-Service Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Energy-as-a-Service Market
- 9.1. China Energy-as-a-Service Market Overview
- 9.2. China Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Energy-as-a-Service Market
- 10.1. India Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Energy-as-a-Service Market
- 11.1. Japan Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Energy-as-a-Service Market
- 12.1. Australia Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Energy-as-a-Service Market
- 13.1. Indonesia Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Energy-as-a-Service Market
- 14.1. South Korea Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Energy-as-a-Service Market
- 15.1. Western Europe Energy-as-a-Service Market Overview
- 15.2. Western Europe Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Energy-as-a-Service Market
- 16.1. UK Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Energy-as-a-Service Market
- 17.1. Germany Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Energy-as-a-Service Market
- 18.4. France Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Energy-as-a-Service Market
- 19.1. Eastern Europe Energy-as-a-Service Market Overview
- 19.2. Eastern Europe Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Energy-as-a-Service Market
- 20.1. Russia Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Energy-as-a-Service Market
- 21.1. North America Energy-as-a-Service Market Overview
- 21.2. North America Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Energy-as-a-Service Market
- 22.1. USA Energy-as-a-Service Market Overview
- 22.2. USA Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Energy-as-a-Service Market
- 23.1. South America Energy-as-a-Service Market Overview
- 23.2. South America Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Energy-as-a-Service Market
- 24.1. Brazil Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Energy-as-a-Service Market
- 25.1. Middle East Energy-as-a-Service Market Overview
- 25.2. Middle East Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Energy-as-a-Service Market
- 26.1. Africa Energy-as-a-Service Market Overview
- 26.2. Africa Energy-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Energy-as-a-Service Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Energy-as-a-Service Market Competitive Landscape And Company Profiles
- 27.1. Energy-as-a-Service Market Competitive Landscape
- 27.2. Energy-as-a-Service Market Company Profiles
- 27.2.1. Enel X
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Schneider Electric SE
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Veolia Environnement S.A.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Honeywell International Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. EDF Renewables
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Energy-as-a-Service Market
29. Energy-as-a-Service Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer