North America Commercial Energy as a Service (EaaS) Market Size By Type (Energy supply service, Operational and maintenance services, Energy efficiency and optimization services), 2024 – 2032

North America Commercial Energy as a Service Market Size

North America Commercial Energy as a Service Market Size was valued USD 17.7 Billion in 2023 and is anticipated to grow at a CAGR of 9% by 2032. It involves energy management services provided to commercial sector customers on a subscription or performance-based contract basis. The energy service providers offer a comprehensive range of services, including energy efficiency upgrades, renewable energy installations, energy monitoring and management, and maintenance, with little to no upfront cost to the customer.
 

Growing emphasis on sustainability, environmental responsibility and growing requirements to reduce energy costs, and optimize energy usage, will boost the services adoption. Rising technological advancements particularly in energy management systems, data analytics, and IoT (Internet of Things) to enable better monitoring, control, and optimization of energy usage will drive the business outlook. Additionally, supportive government policies and regulations aimed at reducing carbon emissions and promoting energy efficiency in the region will lead to positive business opportunities.
 

Shifting focus toward outcome based contracts, where service providers guarantee energy savings or performance metrics to customers will augment the market growth. Rising incorporation of smart technologies including IoT devices, advanced analytics, and cloud based platforms to optimize energy usage and enhance operational efficiency will drive the business outlook.
 

North America Commercial Energy as a Service Market Trends

Rising influx of new entrants, including energy service companies (ESCOs), technology startups, and utilities to expand the competitive landscape and drive innovation is anticipated to strengthen the demand in the coming times. Additionally, rising renewable energy communities, where multiple stakeholders collaborate to develop and share renewable energy resources, will positively influence the industry growth.
 

North America Commercial Energy as a Service Market Analysis

Based on type, the energy supply services segment is likely to exceed USD 13.7 billion by 2032. Rising fluctuating energy prices, regulatory changes, and geopolitical uncertainties are creating challenges for businesses seeking to manage their energy procurement effectively thereby stimulating the service demand.
 

Furthermore, rising demand for renewable energy and sustainability solutions is boosting the service adoption to achieve sustainability goals and demonstrate corporate social responsibility thereby driving the business outlook. Additionally, shifting focus toward the deployment of advanced technologies enabling real time monitoring, analysis, and optimization of energy consumption for efficiency improvements and cost savings will fuel the product penetration.
 

The U.S. commercial EaaS market is anticipated to reach USD 32.6 billion by 2032. Growing concerns about climate change have put businesses under pressure to reduce their carbon footprint and transition towards cleaner energy sources, thereby strengthening the industry landscape. Rising energy costs and volatile fuel prices in the country are motivating businesses to seek more efficient ways to manage their energy consumption leading to positive business growth. Furthermore, rising requirement for distributed energy resources (DERs) including solar panels, energy storage systems, and microgrids will contribute to the business scenario.
 

North America Commercial Energy as a Service Market Share

Eminent players are focusing on technological innovation and product development by investing in research and development to develop advanced energy management technologies, including AI-powered analytics, predictive maintenance systems, and blockchain-based energy trading platforms. Companies are forming strategic alliances and partnerships due to the complexity of the commercial energy ecosystem and the need for holistic solutions. These partnerships enable EaaS providers to leverage complementary expertise, access new markets, and create integrated offerings that address a wide range of customer needs.
 

North America Commercial Energy as a Service Market Companies

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

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

North America Commercial Energy as a Service Industry News

• In March 2023, Honeywell made a strategic investment in Redaptive to drive the adoption of Energy-as-a-Service (EaaS) in commercial and industrial buildings. The investment aims to deploy technologies to support reduce emissions across a portfolio of buildings, providing customers with solutions to baseline energy usage and achieving sustainability goals with minimal upfront investment.
   
• In February 2023, In Massachusetts, at the Hanscom Air Force Base, the Department of the Air Force announced an energy performance contract worth around USD 10 million. This marked the introduction of the government's first commercial Energy-as-a-Service (EaaS) model. With an emphasis on delivering robust, efficient, and affordable energy solutions to improve base operations, this innovative strategy provides energy management services without requiring any upfront payments.
   

This North America EaaS 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 countries:

• U.S.
• Canada
• Mexico