Commercial Energy as a Service (EaaS) Market Size - By Type (Energy supply service, Operational and maintenance services, Energy efficiency and optimization services), Regional Outlook & Forecast, 2024 – 2032

Commercial Energy as a Service Market Size

Commercial Energy as a Service Market was valued USD 57.3 billion in 2023 and is anticipated to grow at a CAGR of 8.5% from 2024 to 2032. The energy companies provide comprehensive energy solutions to commercial customers. Instead of purchasing and maintaining their energy infrastructure, businesses pay a fee to a service provider, who then designs, installs, and manages energy systems tailored to the customer's specifications. This model typically consists of energy efficiency upgrades, renewable energy installations, and ongoing energy management services.
 

Growing emphasis on sustainability and environmental responsibility is driving businesses to seek out more sustainable and efficient energy solutions thereby creating growth opportunities. The high cost savings function of these services eliminates the need for upfront capital investments in energy infrastructure, allowing businesses to access energy efficient technologies and renewable energy sources without bearing the entire financial burden, thereby enhancing the product penetration. Furthermore, growing demand for risk mitigation solutions will enhance the industry landscape.

Commercial Energy as a Service Market Trends

Increasing adoption of distributed energy generation in commercial and industrial sectors, stringent energy efficiency regulations, and supportive government initiatives will improve the market statistics. Growing smart technology including advanced analytics, IoT sensors, and predictive maintenance tools to monitor and optimize energy usage in real-time and digitalization in the energy sector will stimulate the product penetration.
 

Increasing complexity of energy management along with the proliferation of renewable energy sources will augment the business outlook. Rising regulatory incentives and mandates by governments at the local, state, and national levels aimed at promoting energy efficiency and sustainability will further fuel the market growth in the commercial sector.
 

Commercial Energy as a Service Market Analysis

Based on type, the operational and maintenance services segment is set to reach USD 54.5 billion by 2032. Increasing adoption of energy efficient technologies and renewable energy solutions will augment the demand for specialized expertise in maintaining and optimizing these systems, thereby creating opportunities for market growth. Furthermore, it reduces operational risks, maximizes system efficiency, and ensures that energy infrastructure runs smoothly, resulting in increased overall productivity and lower long-term costs, which will improve the business statistics. These services are critical in ensuring compliance with regulatory requirements and industry standards, driving demand for this proactive approach to assist businesses in mitigating the risks associated with noncompliance and avoiding potential penalties or fines.
 

Asia Pacific commercial energy as a service market size surpass USD 46.4 Billion by 2032. Growing awareness of climate change and its impacts, businesses in the region are under pressure to reduce their carbon footprint and transition to clean and sustainable energy sources. This creates demand for EaaS solutions which provide attractive propositions by offering access to renewable energy technologies, energy efficient equipment, and comprehensive energy management services that help businesses achieve their sustainability objectives. Furthermore, the government is offering incentives and subsidies to promote the adoption of renewable energy sources coupled with implementing stringent energy efficiency regulations to drive the demand for efficient solutions and services.
 

The U.S. has shown significant growth driven by environmental regulatory support and policy incentives aimed at accelerating the transition to a low-carbon economy. The growing emphasis on digitalization and remote work following the pandemic, combined with the increasing frequency and severity of extreme weather events across the region, will accelerate industry growth.
 

Commercial Energy as a Service Market Share

Eminent players are focusing on partnership and collaboration, where companies forge alliances with technology providers, energy service companies (ESCOs), and financial institutions to enhance their service offerings. These partnerships allow EaaS providers to leverage the expertise and resources of their partners to deliver comprehensive solutions tailored to the unique needs of commercial clients. With advancements in digitalization and IoT technologies, companies prioritize the integration of cutting-edge solutions such as data analytics, artificial intelligence, and predictive modeling into their offerings. By harnessing the power of technology, key players can deliver actionable insights, optimize energy usage, and enhance operational efficiency for their clients.
 

Commercial Energy as a Service Market Companies

Eminent players operating in the commercial energy as a service industry are:

• Ameresco
• Bernhard Energy Solutions
• Budderfly
• Capstone Green Energy Corporation
• Centrica Business Solutions
• Enel X
• ENGIE Impact
• GridX.Inc
• Honeywell
• Honeywell International Inc
• Jakson Group
• Johnson Controls
• Schneider Electric
• Siemens AG
• WGL Energy
   

Commercial Energy as a Service Industry News

• In April 2023, The Department of the Air Force, U.S. launched a USD 10 million next-generation energy performance contract at Hanscom Air Force Base to provide resilient and dependable power. This pilot project represents the federal government's first use and integration of a commercial Energy-as-a-Service (EaaS) business model.  Together, they intend to investigate an innovative EaaS model for delivering resilient and reliable energy to installation mission owners at Hanscom AFB at a lower cost than current energy management and procurement practices.
   
• In December 2023, Budderfly is collaborating with Fujitsu General America, to introduce and implement high efficiency energy technologies for mid-market businesses nationwide. This partnership seeks to drive a more sustainable future by leveraging Fujitsu's expertise in energy efficient technology and Budderfly's innovative EaaS business model. Together, they aim to accelerate the sustainability transition for commercial buildings throughout the United States.
   

This commercial energy as a service market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “USD Billion” from 2021 to 2032, for the following segments:

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Market, By Type

• Energy supply service
• Operational and maintenance services
• Energy Efficiency and optimization services

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • UK
  • France
  • Denmark
• Asia Pacific
  • China
  • South Korea
  • India
  • Japan
• Rest of World