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

North America Energy as a Service Market size

North America Energy as a Service Market size was valued USD 35.7 Billion in 2023 and is anticipated to grow at a CAGR of 9.3% between 2024 and 2032. It involves outsourcing energy-related tasks such as energy generation, storage, optimization, and management to a third-party provider. The solution aims to optimize energy consumption, reduce costs, and increase efficiency for customers, often through the integration of renewable energy sources, smart technology, and data analytics.
 

Regional seismic shifts driven by sustainability mandates, technological advancements, and evolving consumer demands augment the industry landscape. Regulatory support and financial flexibility, incentivizing investments in renewable energy infrastructure will boost business statistics. Moreover, the evolving energy market dynamics, including the decentralization of energy generation, grid modernization efforts, and the rise of distributed energy resources will fuel the market growth.
 

North America Energy as a Service Market Trends

Surge in renewable energy integration driven by stringent regulations, along with increasing consumer demand for sustainability will augment the market statistics. Growing adoption of digital technologies and remote monitoring solutions is reshaping the energy management practices, enhancing operational efficiency, and enabling remote asset optimization, thereby strengthening product penetration. Furthermore, businesses and utilities can streamline operations, reduce operational costs, and focus on their core objectives by outsourcing the energy services thereby benefiting from expert support, which will drive the business scenario.
 

North America Energy as a Service Market Analysis

Based on type, the market is segmented into energy supply service, operational and maintenance services and energy efficiency and optimization services. Operational and maintenance services are anticipated to reach over USD 36 Billion by 2032. These services offer comprehensive maintenance solutions tailored to the specific needs of businesses and utilities, encompassing proactive monitoring, predictive maintenance, and real-time diagnostics, thereby stimulating the service penetration.
 

Based on end-use, the energy as a service market is segmented into residential, commercial, industrial and utility. Residential is set to grow at a CAGR of over 10% up to 2032. Innovative financing models and subscription-based services, support homeowners gain access to advanced technologies including smart thermostats, energy-efficient appliances, and rooftop solar panels, without the upfront costs, improving the growth prospects. Furthermore, additional benefits including lowering homeowner energy bills, and increasing property value, will fuel the market expansion.
 

U.S. Energy as a Service (EaaS) market is anticipated to grow over USD 67.5 Billion by 2032. Stringent environmental regulations and renewable energy mandates are incentivizing businesses and utilities to adopt sustainable energy solutions thereby improving the product adoption. Incentives such as tax credits, rebates, and grants for energy efficiency and renewable energy projects can drive demand for EaaS offerings and support market growth. Growing focus towards digitalization and remote work post-pandemic coupled with increasing frequency and severity of extreme weather events across the region will accelerate the industry progress. In addition, it presents significant opportunities for businesses to optimize energy usage, reduce costs, and achieve sustainability goals through innovative service-based approaches.
 

North America Energy as a Service Market Share

Eminent players are focusing on expanding their service offerings to provide comprehensive solutions that address a wide range of customer needs, including energy management, renewable energy integration, and energy efficiency improvements. These companies offer a range of services, including energy management, energy efficiency upgrades, renewable energy integration, demand response, and energy storage solutions. Strategic partnerships and collaborations with technology firms, utilities, and other stakeholders are being pursued to leverage complementary expertise, expand market reach, and drive innovation.
 

North America Energy as a Service Market Companies

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

• Ameresco, Inc.
• ABB Ltd
• Bernhard Energy Solutions
• Capstone Green Energy Corporation
• Edison Energy
• Enel X
• ENGIE
• EDF Energy
• GridX, Inc
• Honeywell International Inc
• Johnson Controls
• Kenergy Group
• Schneider Electric
• Siemens AG
• WGL Energy
   

North America Energy as a Service Industry News:

• In February 2023, The Department of the Air Force launched a USD10 million energy performance contract at Hanscom Air Force Base, introducing the government's debut of a commercial Energy-as-a-Service (EaaS) model. This innovative approach provides energy management services without initial expenses, focusing on delivering resilient, efficient, and cost-effective energy solutions to bolster the base operations.
   
• In July 2022, Partners Group acquired a majority stake in Budderfly a U.S. energy-as-a-service (EaaS) firm and intending to inject over USD500 million. The acquisition aims to elevate the company into a multi-billion-dollar infrastructure platform by bolstering its customer portfolio and enhancing its range of solutions.
   

North America 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 2019 to 2032, for the following segments:

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Market, By Type, 2019 – 2032 (USD Billion)

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

Market, By End-Use, 2019 – 2032 (USD Billion)

• Residential
• Commercial
• Industrial
• Utility

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico