1. Market Research
  2. > Energy & Environment
  3. > Energy Market Trends
Global Energy as a Service Market: Analysis By Service Type, By End-User, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2026

Global Energy as a Service Market: Analysis By Service Type, By End-User, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2026

  • July 2022
  • 156 pages
  • ID: 6293675
  • Format: PDF
  • Daedal Research


Table of Contents

Search Inside

The global energy as a service (EaaS) market in 2021 was valued at US$61.18 billion. The market is expected to reach US$93.31 billion by 2026. The energy as a service business model allows customers to pay for an energy service without any upfront capital investment. EaaS is a solution to expand market adoption of advanced, low-carbon technologies. EaaS providers are responsible for maintaining and monitoring the energy supply, lowering the customers’ operating costs, and improving profitability.

The EaaS model offers various energy-related services to the consumers, rather than only supplying electricity. The customer benefits from avoiding direct electricity payments, expensive upgrades for electrical equipment or software, or device management while still benefiting from the use of the device. Governments around the world are taking considerable initiatives and measures to spread awareness about the benefits of using renewable energy, which has led to an increase in renewable energy demand and propelled the overall energy as a service market. The market is expected to grow at a CAGR of 8.9% during the forecast period of 2022-2026.

Market Segmentation Analysis:

By Service Type: The report provides the bifurcation of the global energy as a service market into three segments based on service type: Energy Supply Services, Operational and Maintenance Services, and Energy Efficiency & Optimization Services. In 2021, the energy supply services segment accounted for the maximum share of approximately 42% in the global energy as a service market owing to the rapid rise of distributed energy generation sources such as solar, wind, fuel cells, and heat and power, which in turn, has enhanced the demand for energy supply services.

By End User: The report further provided the segmentation based on the end user of the energy as a service: Commercial and Industrial. Commercial sector is expected to grow at the highest CAGR of 9.6% owing to the rise in demand for optimization of energy consumption in the commercial sector to reduce energy bills and support sustainable environmental growth.

By Region: In the report, the global energy as a service market is divided into five regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific dominated the market in 2021 with almost 35% share of the global market. Asia is also expected to grow at the highest CAGR in the forecasted years owing to increased investments in smart energy infrastructure, renewable energy, and increasing urbanization across the region. For instance, under the Union Budget 2022-23, the Indian government announced the issuance of sovereign green bonds, as well as conferring infrastructure status to energy storage systems, including grid-scale battery systems. In the same budget, US$2.57 billion was allocated for a PLI scheme to boost the manufacturing of high-efficiency solar modules.

Within North America, the US dominates the energy as a service market. The US energy as a service market is segmented into three service types: Energy Supply Services, Operational and Maintenance Services, and Energy Efficiency & Optimization Services. The US energy as a service market is further segmented based on end-user: Commercial and Industrial. The US energy efficiency and optimization services market is expected to grow at the highest CAGR owing to the increase in the installation of the smart grid and smart meters.

Global Energy as a Service Market Dynamics:

Growth Drivers: One of the most important factors impacting the energy as a service market is the rapid growth in distributed energy resources. Distributed energy resources (DER) refer to often smaller generation units that are located on the consumer’s side of the meter. DERs offer a variety of energy- and cost-related advantages. Further, these power generation units can be deployed in areas that rely heavily on variable energy resources such as wind and solar to ensure uninterrupted power supply in case of disruptions. Through different services provision and revenue models, EaaS supports the deployment and operation of distributed energy resources. Thus, the growing demand for DERs and their cost-efficiency has resulted in the growth of the energy as a service market. Furthermore, the market has been growing over the past few years, due to factors such as increasing renewable energy generation, rapid urbanization and industrialization, increasing carbon emission, increasing investment in clean energy and energy efficiency, the proliferation of electric vehicles, etc.

Challenges: However, the market has been confronted with some challenges specifically, high integration and deployment cost, cybersecurity vulnerabilities, etc.

Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as the internet of energy, increasing use of the smart grid, increasing installation of smart meters, advanced engineering in renewables, rapid digitalization, increasing use of blockchain, etc. The IoE (Internet of Energy) is a smart energy infrastructure system that incorporates the IoT to connect every point within the power grid: generation, load, distribution, storage, and smart meters. As a result, the IoE supports the power grid’s ability to operate with more efficiency, resiliency, and reliability. IoT technology enables commercial and industrial consumers to modulate their energy consumption through a predetermined algorithm tailored to their energy goals. Therefore, the peaks in electricity supply or demand can subsequently be met, and energy consumption becomes much more efficient. Hence, the increase in the integration of IoT in the energy sector is expected to significantly drive the demand for energy as a service model in the forecasted year.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 outbreak had an adverse effect on the energy as a service market. Industries that predominantly depend on renewable energy sources for operations were forced to function partially or shut down completely due to the rising number of cases. This impacted the renewable energy demand and affect the overall energy as a service market. In the post-COVID era, it is expected that the energy-as-a-service model would grow in importance to be a part of the smart energy community of its ability to reduce energy costs.

The energy investments in the initial stages of the pandemic have reduced significantly. Companies were already struggling to keep up with fixed costs and trying to survive the impact of COVID-19, any commitment to such huge capital investment is either put off, canceled, or delayed. Thus, the impact on the EaaS market was high in 2020. However, in 2021, annual global energy investment is set to rise to US$1.9 trillion, rebounding nearly 10% from 2020 and bringing the total volume of investment back towards pre-crisis levels.

Competitive Landscape:

The global energy as a service market is highly fragmented. Several well-established players are looking to adopt different product strategies such as launching new products to stay competitive in the overall market. A wide spectrum of stakeholders can benefit from EaaS because of the physical, digital and communication infrastructure required. Major electrical companies and manufacturers of industrial equipment are already creating energy-as-a-service products. The same goes for businesses in the telecommunications, technology, and oil & gas sectors, all of which offer unique advantages.

The key players in the global energy as a service market are:

Honeywell International Inc.
Veolia Environment S.A.
Enel S.p.A (Enel X)
Johnson Controls International PLC
AltaGas Ltd. (WGL Energy)
Centrica plc
Electricité de France S.A. (EDF Renewables)
ABB Group
Siemens AG
General Electric Company (GE)
Schneider Electric SE
Edison International (Edison Energy, LLC)

Most industry players are working to position themselves as a leader in the EaaS field, proving high-efficiency, low-emission power generation products and services that enable customers to increase their power resilience and lower energy costs & carbon emissions. The industry witnesses rising numbers of EaaS agreements formed by oil and gas customers for high reliability, more environmentally friendly power solutions for their operations. Other strategies opted by market players are mergers & acquisitions. For instance, in June 2022, Schneider Electric announced collaborating with Hitachi Energy to provide greater customer value and accelerate the energy transition. Also, in November 2021, ENGIE, alongside with the company’s partner Crédit Agricole Assurances, signed an agreement to acquire Eolia, a renewable company in Spain. With 0.9 GW of operating assets and 1.2 GW of renewable projects pipeline, this acquisition would add to ENGIE’s scale in the Iberian Peninsula.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Energy as a Service Market by Type End-User and Region - Global Forecast to 2027

  • $ 4950
  • September 2022
  • 189 pages

The energy as a service market is projected to reach USD 105.6 billion by 2027 from an estimated USD 64.7 billion in 2022, at a CAGR of 10.3% during the forecast period. Due to the manufacturing advances ...

  • World
  • North America
  • Energy
  • Industry analysis
  • Energy Supply
  • Energy Consumption


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on