Utility Energy as a Service EaaS Market Size - By Type (Energy supply service, Operational and maintenance services, Energy efficiency and optimization services), Regional Outlook, Forecast, 2025 – 2034

Utility Energy as a Service Market Size

The global utility energy as a service market size was valued at USD 2.1 billion in 2024 and is estimated to grow at a CAGR of over 11.1% from 2025 to 2034. In these services, EaaS companies provide comprehensive energy solutions to utility customers. Under this model, businesses pay a fee to a service provider who designs, installs, and manages customized energy systems. This approach typically includes energy efficiency upgrades, renewable energy installations, and ongoing energy management services, eliminating the need for customers to purchase and maintain their own energy infrastructure.
 

Increasing focus on sustainability and environmental accountability will drive businesses to seek out energy solutions that are both efficient and eco-friendly, leading to create opportunities for the market growth. These services present a financial advantage by removing the need for substantial initial investments in energy infrastructure, enabling companies to leverage energy-efficient technologies and renewable energy sources without shouldering the full financial cost, boosting the industry statistics. Moreover, rising need for solutions that help mitigate financial and operational risks will further drive market expansion.
 

Increasing adoption of distributed energy generation in utility sectors, coupled with stringent energy efficiency regulations and supportive government initiatives, will augment product adoption. Rising integration of smart technologies, including IoT sensors, advanced analytics, and predictive maintenance tools for real-time energy usage monitoring and optimization, along with the ongoing digitalization of the energy sector, will create new opportunities for product penetration.
 

Utility Energy as a Service Market Trends

Increasing complexity of energy management and the growing adoption of renewable energy sources will enhance the industry outlook. Improving government initiatives at local, state, and national levels, including regulatory incentives and mandates promoting energy efficiency and sustainability, will further drive product demand in the utility sector.
 

Utility 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. The operational and maintenance services segment is anticipated to surpass USD 2.5 billion by 2034. Increasing adoption of energy-efficient technologies and renewable energy solutions has heightened the demand for specialized expertise in maintaining and optimizing these systems, creating opportunities for the market growth. These services maximize system efficiency, reduce operational risks, and ensure smooth operation of energy infrastructure, leading to increase overall productivity and lower long-term costs.
 

Additionally, these services play a key role in ensuring adherence to regulatory requirements and industry standards, fostering demand for proactive measures that help businesses mitigate the risks of noncompliance and avoid potential fines or penalties, driving market growth.
 

Asia Pacific utility energy as a service market is poised to reach USD 1.5 billion by 2034. Increasing awareness of climate change and its effects is pressuring businesses in the region to reduce their carbon footprint and shift to cleaner, more sustainable energy sources will augment EaaS demand by helping businesses to meet their sustainability goals. Additionally, rising government incentives and subsidies promoting renewable energy adoption, along with stringent energy efficiency regulations, will foster demand for energy-efficient solutions and services.
 

Ongoing investments in infrastructure projects, particularly in growing economies such as China, will to contribute to the service demand. These projects often prioritize sustainable and cost-effective technologies, creating opportunities for energy-efficient products and systems in the utility sector.
 

In the U.S. increasing government regulations and policies aimed at reducing carbon emissions and promoting renewable energy will encourage companies to adopt sustainable energy solutions, driving the business scenario. Rising investments in developing advance smart grid technologies and the integration of IoT into energy infrastructure to enhance the performance and reliability of EaaS offerings and increase their appeal to customers will bolster industry landscape.
 

Utility Energy as a Service Market Share

Eminent players are focusing on partnerships and collaborations, forming alliances with technology providers, energy service companies (ESCOs), and financial institutions to enhance their service offerings. These partnerships enable EaaS providers to leverage their partners' expertise and resources to deliver comprehensive solutions tailored to utility clients' specific needs. With advancements in digitalization and IoT technologies, companies are prioritizing the integration of advanced solutions such as data analytics, artificial intelligence, and predictive modeling into their offerings. By utilizing these technologies, key players can provide actionable insights, optimize energy usage, and improve operational efficiency for their clients.
 

Utility Energy as a Service Market Companies

Eminent players operating in the utility energy as a service (EaaS) industry are:

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

Utility Energy as a Service Industry News

• In December 2023, Budderfly is partnering with Fujitsu General America to execute high-efficiency energy technologies across the U.S for mid-market businesses. This collaboration combines Fujitsu's expertise in energy-efficient technology with Budderfly's EaaS business model. The partnership aims to accelerate the adoption of sustainable practices throughout the country.
   
• In April 2023, Schneider Electric partnered with GreenYellow to introduce a new Energy-as-a-Service microgrid solution. This offering provides comprehensive support to companies seeking to integrate microgrids into their operations.
   

The utility energy as a service (EaaS) market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in “USD Billion” from 2021 to 2034, 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
  • Thailand
• Rest of World